My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Resolution No. 4937
COE
>
City of Eugene
>
Resolutions
>
2008 No. 4923-4959
>
Resolution No. 4937
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/10/2010 4:50:34 PM
Creation date
4/15/2008 2:09:58 PM
Metadata
Fields
Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
4/14/2008
Document_Number
4937
CMO_Effective_Date
4/14/2008
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />Section 2. Security for Interim Financines. Interim Financings may be secured by a <br />pledge of: <br /> <br />2.1. All or any portion of the assessment payments for Proj ects, and any <br />amounts the City receives from foreclosing assessment liens; <br /> <br />2.2. The proceeds of any Bonds or other permanent financing for the Projects; <br /> <br />and, <br /> <br />2.3. The City's full faith and credit and taxing power within the limitations of <br />Article XI, Sections 11 and 11 b of the Oregon Constitution. <br /> <br />Section 3. Authorization and Limitation on Bonds. The City is hereby authorized to <br />issue one or more series of bonds pursuant to this Resolution and ORS Chapter 223 (the <br />"Bonds") to provide permanent financing for Projects, subject to the following limitations: <br /> <br />3.1. The principal amount of each series of Bonds shall not exceed the unpaid <br />balance of all final assessments for the Projects that are refinanced by the series, plus the <br />amount of any debt service reserves for the series, plus the costs of issuing the series; and <br /> <br />3.2. Each series of Bonds shall mature no later than one year after the final <br />scheduled assessment payment for the Projects that are refinanced by the series, and shall <br />comply with the limitations of ORS Chapter 223. <br /> <br />Section 4. Security for Bonds. Bonds may be secured by a pledge of: <br /> <br />4.1. All or any portion of the assessment payments for the refinanced Projects <br />and any amounts the City receives from foreclosing assessment liens for the refinanced <br />Proj ects; and, <br /> <br />4.2. The City's full faith and credit and taxing power within the limitations of <br />Article XI, Sections 11 and 11 b of the Oregon Constitution. <br /> <br />Section 5. Deleeation. The City Manager or the person designated in writing by the City <br />Manager to act under this Resolution (the "City Official") may, on behalf of the City and without <br />further action by the Council: <br /> <br />5.1. Circulate requests for proposals, obtain competitive bids, or select banks <br />or underwriters for each series of Interim Financings and Bonds, and enter into <br />agreements to sell Interim Financings or Bonds; <br /> <br />5.2. Establish the principal amounts, interest rates, security and all other terms <br />of, and execute and deliver, one or more series of Interim Financings and Bonds, subject <br />only to the limitations in this Resolution; <br /> <br />5.3. Renew, extend or replace any Interim Financings obtained under the <br />authority of this Resolution, and issue Bonds to refund any Bonds issued under this <br />Resolution; <br /> <br />5.4. Obtain bond insurance or other credit enhancements for Interim <br />Financings or Bonds, and enter into agreements with credit enhancers; <br /> <br />5.5. Prepare and circulate any disclosure documents that are desirable to <br />facilitate the sale of Interim Financings or Bonds; <br /> <br />Resolution - 2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.