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Item B: EWEB Update
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CC Agenda - 02/13/08 Work Session
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Item B: EWEB Update
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6/9/2010 1:13:04 PM
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2/8/2008 1:01:43 PM
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City Council
City_Council_Document_Type
Agenda Item Summary
CMO_Meeting_Date
2/13/2008
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Project Schedule. Significant schedule dates include: <br />? <br /> <br />February 5, 2008 – request for EWEB Board authorization for financing <br />? <br /> <br />February 13, 2008 – review Roosevelt project with council <br />? <br /> <br />February 25, 2008 – request for council authorization for financing <br />? <br /> <br />March/April 2008 – complete URBA financing process <br />? <br /> <br />July 2008 – start construction <br />? <br /> <br />September 2010 – complete construction <br /> <br />Additional EWEB Bond Authorizations. EWEB will also be asking for authorization for two additional <br />bond financings (not related to the Roosevelt Project financing) in the next several months. The first <br />bond financing is to refund Series 1998 Revenue Bonds and 1998A Electric Revenue Bonds totaling $46 <br />million used to refund previously outstanding bonds and to finance acquisition of the Wyoming Wind <br />Project. The purpose of the refinancing is to achieve interest savings on the bonds. The second bond <br />financing is to issue $15,595,000 in Water Revenue Bonds used to finance Water Utility capital <br />improvements such as the Hayden Bridge Filtration Expansion and a Water Main Replacement. <br /> <br /> <br />RELATED CITY POLICIES <br />There are no City policies related to this item. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />There is no action requested. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />None. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />None. <br /> <br /> <br />ATTACHMENTS <br /> <br /> <br />A.Schematic Design Executive Summary - EWEB Roosevelt Operations Center <br /> <br />B.EWEB Electric and Water Service Territory Map <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Sue Cutsogeorge <br />Telephone: 682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> <br />EWEB Contact: Ken Beeson <br />Telephone: 341-3772 <br />E-Mail: Ken.Beeson@eweb.eugene.or.us <br /> F:\CMO\2008 Council Agendas\M080213\S080213B.doc <br />
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