Resolution No. 4935 - Laserfiche WebLink

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RESOLUTION NO. 4935 A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF WATER UTILITY SYSTEM REVENUE BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED FIFTEEN MILLION FIVE HUNDRED NINETY-FIVE THOUSAND DOLLARS ($15,595,000) FOR THE PURPOSE OF FINANCING CERTAIN CAPITAL IMPROVEMENTS TO THE WATER UTILITY SYSTEM AND PROVIDING FOR CERTAIN DETAILS AND RELATED MATTERS The City Council of the City of Eugene finds that: A. On September 13, 1999, the City Council adopted Resolution No. 4601 to authorize the City of Eugene (the "City"), acting through the Eugene Water & Electric Board ("EWEB"), to issue water utility system revenue bonds in an aggregate principal amount of not to exceed $36,000,000, for the purpose of providing funds for the acquisition of real and personal property, to develop, construct, equip and improve the City's water utility system (the "Water Utility System") which is operated by EWEB, and all equipment and appurtenances necessary, useful or convenient thereto (the "2000 Project"), and on September 19, 1999, there was published the Notice of Revenue Bond Authorization in The Register-Guard, a newspaper of general circulation within the geographical boundaries of the City and sixty (60) days elapsed since the publication of such Notice of Revenue Bond Authorization and no voters residing within the geographical boundaries of the City filed a petition with the City asking to have the question whether to issue the water utility system revenue bonds referred to a vote (the "1999 URBA Authorization"). B. Pursuant to the 1999 URBA Authorization, the City, acting by and through EWEB, issued its City of Eugene, Oregon, Water Utility System Revenue Bonds, Series 2000, in the original aggregate principal amount of $21,405,000 (the "Series 2000 Bonds"). C. On April 8, 2002, the City Council adopted Resolution No. 4712 to authorize the City, acting through EWEB, to issue water utility system revenue bonds in an aggregate principal amount of not to exceed $11,000,000, for the purpose of providing funds for the development, construction and improvement of a ground water backup supply system (the "2002 Project") as part of a long-term water supply plan approved by EWEB to improve and expand the Water Utility System, and on April 16, 2002, there was published the Notice of Revenue Bond Authorization in The Register-Guard, a newspaper of general circulation within the geographical boundaries of the City and sixty (60) days elapsed since the publication of such Notice of Revenue Bond Authorization and no voters residing within the geographical boundaries of the City filed a petition with the City asking to have the question whether to issue the water utility system revenue bonds referred to a vote (the "2002 URBA Authorization"). Resolution - 1