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Resolution No. 4817
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2004 No. 4782-4819
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Resolution No. 4817
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Last modified
6/10/2010 4:49:34 PM
Creation date
12/7/2004 3:28:17 PM
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Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
12/6/2004
Document_Number
4817
CMO_Effective_Date
12/6/2004
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EXHIBIT A <br /> FORM OF NOTICE OF REVENUE BOND AUTHORIZATION <br /> <br /> NOTICE IS HEREBY GIVEN t. hat the City Coup. cil of the City of Eugene, Oregon (the <br />"City") has adopted Resolution No. __ on ,2004, authorizing the issuance of the <br />City's revenue bonds acting by and through the Eugene Water & Electric Board ("EWEB"). The <br />bonds will be issued in one or more series to provide funds for the design, construction, <br />installation, equipping and relicensing of certain capital improvements, including related <br />acquisitions of land and relicensing of the Carmen-Smith Hydroelectric Project (herein referred <br />to collectively as the "2005 Improvement Program"), to the Electric Utility System operated by <br />EWEB, including structural and environmental enhancement facilities and facilities to improve <br />the generation, transmission, distribution and operations of the Electric Utility System, and to <br />fund any necessary reserves and costs of issuance. <br /> <br /> Subject to certain parameters, EWEB may establish all terms, conditions and covenants <br />regarding the bonds and the revenues which are necessary or desirable to effect the sale of the <br />bonds. <br /> <br /> The City estimates that the bonds will be issued in an aggregate principal amount not to <br />exceed $10,000,000. Bond principal and interest are expected to be paid from EWEB's Electric <br />Utility System revenues. The bonds will not be general obligations of the City, nor a charge <br />upon its tax revenues, but will be payable solely from the revenues which EWEB pledges to the <br />payment of the bonds. <br /> <br /> If written petitions, signed by not less than 5 percent of the City's qualified electors, are <br />filed at the Office of the City Recorder on or before *, 200_* (the 61st day after the <br />date of publication of this notice), the question of issuing $10,000,000 of the revenue bonds shall <br />be placed on the ballot at the next legally available election date. Any such petition shall be <br />subject to ORS 288.815 and Sections 2.970-2.992 of The Eugene Code, 1971. <br /> <br /> The Office of the City Recorder is located at 777 Pearl Street, Room 105, Eugene, <br />Oregon 97401. Information on procedures for filing petitions may also be obtained at such <br />address or by telephone at (541) 682-5042. <br /> <br /> The resolution authorizing the bonds is available for inspection at the Office of the City <br />Recorder. <br /> <br /> The bonds will be issued and sold under the Uniform Revenue Bond Act (ORS 288.805 <br />to 288.945); this notice is published pursuant to ORS 288.815(7). <br /> <br /> * Information must be included prior to publication of the notice. <br /> <br /> Resolution - 6 <br /> <br /> <br />
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