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<br />Ms. Taylor asked how much a typical residential customer currently paid per month. Mr. Beeson said he would <br />provide that information to the council. <br /> <br />Mr. Zelenka agreed that the relocation was necessary. He asked what EWEB's total reserves were. General <br />Manager Randy Berggren said EWEB had $75 million in reserves and those funds were committed to other uses and <br />did not include a capital contribution to the Roosevelt project. <br /> <br />Mr. Zelenka asked how the project would comply with recent legislation related to solar energy requirements. Mr. <br />Beeson said that 1.5 percent, or $900,000, of the project construction costs would be spent on solar energy and the <br />details would be determined during the design phase. <br /> <br />Mr. Zelenka expressed disappointment with the lack of a solar photovoltaic (PV) aspect to the project. He said even <br />though the design would allow for retrofitting, he could not support the project unless a PV system was a part of it <br />from the beginning. He felt that EWEB should serve as a sustainability model and the public would support the <br />inclusion of solar PV. He asked if the EWEB Board had discussed taking the bond to the voters. Mr. Beeson said <br />the Board preferred to use the URBA process for financing the project. <br /> <br />Mr. Zelenka asked Ms. Bettman to include a PV system requirement when she made her motion. <br /> <br />Mr. Poling commended EWEB for incorporating sustainability measures in the project while striving to manage <br />costs. He asked how much sustainability features had added to the cost of the project and how long it would take to <br />pay off the bond. Mr. Beeson said it was difficult to separate out specific costs, but estimated that sustainability <br />added several million dollars. He said the bonds would be on a 25-year term. <br /> <br />Mr. Poling asked if proceeds from the downtown property would be used to pay down those bonds and how much of <br />the project budget represented contingencies. Mr. Beeson said the Board's discussions indicated intent to use <br />downtown property proceeds for that purpose. He said contingencies were 12 to 13 percent, but only the amount <br />needed would be bonded. <br /> <br />Ms. Solomon said it appeared that EWEB had done due diligence on the relocation, selected the appropriate site and <br />made a good business decision that would ultimately benefit the City. She said the council was elected to make this <br />type of decision and there was no need to refer the issue to the voters. <br /> <br />Ms. Ortiz asked what EWEB's plan would be if the voters defeated the bond measure. Mr. Beeson said EWEB <br />would need to reconsider what was needed in order for operations to remain at the downtown site if there was no <br />funding for the Roosevelt relocation project. <br /> <br />Ms. Bettman, seconded by Ms. Taylor, moved that the Eugene City Council's approval of <br />the EWEB bond resolution was contingent upon approval by the voters and the project in- <br />corporated a solar photovoltaic system; and refer it to the May election. <br /> <br />Ms. Bettman commented that EWEB brought the request to the council knowing that the council had no oversight of <br />the EWEB organization. She said that EWEB should review the project, anticipate and deduct the proceeds from the <br />sale of the downtown site, reexamine other priorities, use some reserves and allocate funding from the internal budget <br />to reduce the amount of the bond request. She said the case should be made to the voters. <br /> <br /> <br /> <br />MINUTES—Eugene City Council February 13, 2008 Page 4 <br /> Work Session <br /> <br />