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<br />Section 3. <br /> The City Recorder is directed to give not less than ten days’ notice of the City <br />election by publication of one notice in the Register Guard, a newspaper published in the City <br />and of general circulation within the City. <br /> <br />Section 4. <br /> If approved by the electors, the proceeds from the sale of the bonds will be <br />used only for costs related to preservation of streets and off-street bike and pedestrian paths, and <br />payment of bond issuance costs. Street preservation projects will be limited to projects included <br />in Exhibit A to this resolution unless the City Manager directs otherwise. In addition, not less <br />than $350,000 of the proceeds from the sale of the bonds will be allocated annually to fund <br />preservation of existing off-street bicycle and pedestrian paths. <br /> <br />Section 5. <br /> This Resolution shall become effective immediately upon its adoption. <br /> <br />The foregoing Resolution adopted the ____ day of ______________, 2008. <br /> <br /> <br /> <br /> _____________________________________ <br /> City Recorder <br /> <br /> <br /> <br /> <br />00199104.DOC;1 <br />Resolution - 3 <br />