Resolution No. 4690 - Laserfiche WebLink

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Resolution which authorized the Note and provided for the terms therefor; O. The Note was issued on December 18,2000 pursuant to the Bond Resolution, the Election, City Council Resolutions 4360, 4616 and 4656 and pursuant to the EWEB Resolution adopted December 7, 1999; P. The City, acting by and through EWEB, has previously issued the City of Eugene, Oregon, Electric System Revenue Bonds, Series 1992 (the "Series 1992 Bonds") currently outstanding under the Bond Resolution in the principal amount of$13,515,000; Q. The City Council adopted Resolution No. 4345 on September 28, 1992 authorizing the issuance of the Series 1992 Bonds and EWEB adopted a resolution on September 14, 1992 supplementing the Bond Resolution which authorized the Series 1992 Bonds and provided for the terms therefor; R. The outstanding Series 1992 Bonds may be called and redeemed as of August 1, 2002, and EWEB has determined by resolution adopted October 2, 2001, that a substantial present value savings may be achieved by issuing refunding bonds for the purpose of refunding outstanding Series 1992 Bonds (the "Series 2002A Bonds"); S. ORS 288.592 authorizes the issuance of refunding bonds such as the Series 2002A Bonds and the Series 2001 B Refunding Bonds; T. On October 2,2001, EWEB adopted a Supplemental Bond Resolution (the "Supplemental Bond Resolution") supplementing the Bond Resolution and authorizing the issuance and sale of the Series 2001 A Bonds, the Series 2001 B Bonds and the Series 2002A Bonds (collectively, the "Bonds"); U. Based on the expert advice of EWEB' s independent financial adviser and provided that the financial adviser makes a written evaluation of the terms and conditions of the proposed sale, the pricing of the proposed sale and any other relevant aspects of the sale pursuant to ORS 288.845, EWEB proposes that the Bonds be sold at a private negotiated sale; and V. EWEB shall cause to be prepared a plan showing that EWEB' s estimated Electric Utility System revenues are sufficient to pay the estimated debt service under the Bonds. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a municipal corporation of the State of Oregon, as follows: Section 1. Provisions for Issuance and Sale of Bonds. Based on the above findings, the Series 2001 A Bonds, the Series 2001 B Bonds and the Series 2002A Bonds (collectively, the "Bonds") are hereby authorized to be issued, the terms and conditions thereof and the terms upon which the Bonds may be sold shall be as set forth in the Bond Resolution, Resolution No. 4688 and in Resolution No. 4677 and in this Resolution. The terms and conditions prescribed by this Resolution are as follows: (a) The Bonds shall mature not later than thirty (30) years from the respective dates thereof; shall be sold at respective prices not less than the amounts established in the