Laserfiche WebLink
Regarding Item D, Councilor Bettman ascertained from Ms. Bloom that the refinance of the bond would <br />save $1.7 million and this would result in future savings to the ratepayers. In response to a follow-up <br />question from Councilor Bettman, Ms. Bloom explained that the savings would occur from the present <br />forward. <br /> <br />Councilor Bettman asked if the bond money would be used to accomplish anything else. Ms. Bloom replied <br />that it would not; they were refinancing an existing debt to realize a savings. <br /> <br />Councilor Bettman said it seemed to her that there would not be much savings given the administrative <br />costs. She wondered what other reason there would be for refinancing the bonds. Ms. Bloom explained that <br />the savings were far and above the costs of issuing the bonds. <br /> <br />Roll call vote; the motion passed unanimously, 7:0. <br /> <br />Councilor Bettman said she had flagged Item E because there was a request to increase the amount of debt <br />that could be incurred on assessments from $4 million to $5 million. <br /> <br />In response to a question from Councilor Bettman, City Attorney Glenn Klein explained that if enough <br />property owners refuse a Local Improvement District (LID) the City Council could override it. <br /> <br />Councilor Bettman would not favor forcing people to take on a large liability. She wanted to know that the <br />Crest Drive neighbors were in agreement before she could do so. <br /> <br />Mr. Klein referred to Section 37 of the Charter and determined that if the owners of a majority of the parcels <br />that would be assessed object then the improvement could not go forward unless two-thirds of the council <br />decided to override that objection. <br /> <br />Councilor Bettman, seconded by Councilor Taylor, moved to table Item E, adoption of <br />Resolution 4937 authorizing interim and long-term financing for Local Improvement Pro- <br />jects and terminating the authority under Resolution No. 4807. Roll call vote; the motion <br />passed, 5:2; councilors Clark and Pryor voting in opposition. <br /> <br />Regarding Item F, Councilor Bettman wanted the Council Committee on Intergovernmental Relations <br />(CCIGR) minutes to include a small description of the bills discussed. She also wanted the minutes to be <br />explicit regarding times when the Mayor would step in and vote in place of a CCIGR member that was not <br />present. She noted that the minutes had indicated that the Intergovernmental Relations Manager referred to <br />the legislative document when there was not time to consult with the CCIGR on a bill. She recalled that a <br />decision had been made to remain neutral on a bill in that case. She wanted clarification of that as she <br />considered the Legislative Policy Document to be “vague.” She added that there had not been a quick <br />enough turnaround for the minutes to come before the City Council. <br /> <br />Roll call vote; the motion passed unanimously, 7:0. <br /> <br /> <br />MINUTES—Eugene City Council April 14, 2008 Page 8 <br /> Regular Meeting <br /> <br />