Resolution No. 4526 - Laserfiche WebLink

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per thousand of real market value. Notice of the intent to so characterize the assessments was sent to the affected property owners prior to the adoption of this resolution. Section 5. The City Council hereby declares that the construction of the improvements as set forth herein is for public purpose, is necessary for the public welfare, is authorized under the laws of the State of Oregon and the Charter and ordinances of the City of Eugene, and is ordered by this Resolution. Section 6. Any warrants or other short-term debt and other evidence of indebtedness authorized by Chapter 902, Oregon Laws, 1991, issued to finance the improvements shall be indebtedness for them and any fund which may be pledged as security therefor. They shall bear interest at a rate set by the City Manager at the time of issuance and shall be redeemed as provided by their terms. Section 7. Proceeds from unbonded assessments, improvement bonds, and foreclosure of improvement liens based on the improvements, from revenues appropriated for that purpose, and from ad valorem taxes, if any, levied to pay the warrants, shall be deposited in the fund that repays the cost of these improvements until the warrants or other short-term debt issued to finance the improvement are redeemed. Proceeds so deposited may be used only to pay warrants or other short-term debt issued to finance the improve- ments. Section 8. The Mayor, City Manager, and Finance Officer may sign warrants and other evidence of debt by facsimile signature with a check-signing machine. The Finance Officer shall cau'se the seal of the City to be printed on the warrants or other evidence of Resolution - 6