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URA Resolution No. 1078
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2012-2016 No. 1063-1081
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URA Resolution No. 1078
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Last modified
7/12/2016 1:50:49 PM
Creation date
1/13/2016 3:08:51 PM
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Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
1/11/2016
Document_Number
URA Resolution 1078
CMO_Effective_Date
1/11/2016
Author
CRO
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URBAN RENEWAL AGENCY OF THE CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br /> <br />(4) Detailed Notes on All Funds, continued <br />(D) Noncurrent Liabilities, continued <br />On May 25, 2011, the Agency issued $7,900,000 of Downtown Urban Renewal District Tax Increment <br />Bonds, Series 2011 A, bearing a fixed interest rate of 5.20% and maturing on June 1, 2020. The <br />proceeds of the bonds were used to refund $4.4 million in debt service associated with the City’s <br />Broadway Garages limited tax bonds and $3.5 million in financial assistance to Lane Community College <br />for construction of their new Downtown campus. <br />Annual debt service requirements to maturity for the tax increment bonds are as follows: <br />(5) Other Information <br /> (A) Risk Management <br />The Agency is a participant in the City’s Risk and Benefits Internal Service Fund which accounts for and <br />finances its risks of loss. Detailed information for the City’s risk management function can be found in the <br />City of Eugene’s FY15 Comprehensive Annual Financial Report (Notes to Basic Financial Statements). <br />29 <br />
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