CC Minutes - 03/13/06 Meeting - Laserfiche WebLink

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Roll call vote; Item A, the council minutes, was approved by unanimous vote, 7:0. Councilor Bettman related that she had not seen the item for the compensation fund for Measure 37 claims on the Tentative Agenda. She hoped to see a work session in April or May. City Manager Taylor said the work sessions in April or May could be rearranged to a certain extent in order to make room for that item. Councilor Bettman asked that she be notified if it seemed that the agenda item would be pushed farther out than May. Roll call vote; Item B, the Tentative Agenda, was approved by a unanimous vote, 7:0. Councilor Bettman averred that what the council was doing with Item C was to authorize the City to proceed to pursue a $7.9 million capacity for loans. She asserted that this would require waiving some of the City’s debt policies. She asked which of the conduit financing policies would need to be waived. Financial Analysis Manager for the Finance Division, Sue Cutsogeorge, explained that when an actual proposal came up, the council would have to approve the borrowing and, at that time, Finance staff would review how the debt policies would be affected and which ones might need to be waived in a specific instance. In response to a question from Councilor Bettman, Ms. Cutsogeorge clarified that policies would only be waived if the City borrowed money to lend to a private developer. Councilor Bettman asked if there was a level that the City could project borrowing that would not necessitate waiving the debt policies. Ms. Cutsogeorge replied that it did not have to do with the amount, but rather with the type of borrowing. She assured her that the council would have another chance to consider the debt policy in conjunction with the project. Roll call vote; the motion passed unanimously, 7:0. 4. PUBLIC HEARING and POSSIBLE ACTION: An Ordinance Providing for Withdrawal of Territories from the River Road Water District and River Road Park and Recreation District and the Santa Clara Water District City Manager Taylor asked Principal Planner Kurt Yeiter, to explain the basics of this item. He noted that there were some consequences should action not be taken on it. Councilor Papé clarified that this had originally been Agenda Item 8. Mr. Yeiter stated that a public hearing was required by State law. He said 25 properties had already been annexed to the City and if they were not withdrawn from the special districts, the tax assessor would keep charging for both the districts that were no longer providing services and the City’s services. Should action not be taken, the 25 property owners could potentially be charged twice for services. Mayor Piercy opened the public hearing. MINUTES—Eugene City Council -- March 13, 2006 Page 7 City Council Meeting