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RESOLUTION NO. 5162 A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF ELECTRIC UTILITY REVENUE REFUNDING BONDS AND PROVIDING FOR RELATED MATTERS The City Council of the City of Eugene finds that: A. s 287A.150 and 287A.360 authorize the City to issue revenue refunding bonds payable from identified revenues of the City.The City, acting by and through the Eugene ity system and related facilities and systems. B. On June 16, 1986, EWEB adopted a resolution authorizing and providing for the issuance, from time to time, of City of Eugene, Oregon Electric Utility System Revenue Bonds to be equally and ratably secured by the pledge of revenues, funds and accounts C. The Bond Resolution provides in part that the principal of, premium, if any, and interest on the bonds issued thereunder shall not be payable from any funds of the City or EWEB other than the Bond Fund established by the Bond Resolution, nor constitute a general obligation of EWEB or of the City or create a charge upon the tax revenues of the City or any other revenues or property of the City or property of EWEB, except the revenues and other moneys and securities pledged under the Bond Resolution. D. On June 25, 2001 the City Council adopted Resolution No. 4677 authorizing the issuance and sale by the City, acting by and through EWEB, of electric revenue bonds, in one or more series, in an aggregate principal amount not to exceed $50,000,000 for the purpose of financing certain capital improvements to the electric utility system . Notice of Revenue Bond Authorization was published as required by law and no petitions were filed seeking to refer the matter to a vote of the electors of the City. On December 6, 2004, the remaining authorized but unissued debt under the 2001 Authorization was $5,429,280.79. E. On December 6, 2004 the City Council adopted Resolution No. 4817 authorizing the issuance and sale by the City, acting by and through EWEB, of electric revenue bonds, in one or more series, in an aggregate principal amount not to exceed $10,000,000 for the purpose of financing certain capital improvements to the electric utility system . Notice of Revenue Bond Authorization was published as required by law and no petitions were filed seeking to refer the matter to a vote of the electors of the City. F. On May 10, 2005, the City, acting by and through EWEB, issued its Electric Utility System Revenue Bonds, Series 2005 in the principal amount of $10,575,000 ), (1) $2,500,000 of which was issued under the 2001 Authorization leaving 1