Resolution No. 4712 - Laserfiche WebLink

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EXHIBIT A NOTICE OF REVENUE BOND AUTHORIZATION NOTICE IS HEREBY GIVEN that the Council of the City of Eugene, Oregon (the "City"), adopted Resolution No. ~ on April 8, 2002, authorizing the issuance of the City's revenue bonds acting by and through the Eugene Water & Electric Board ("EWEB "). The bonds will be issued in one or more series to provide funds for improvements to the Water Utility System operated by EWEB, including the development, construction and improvement of a ground water backup supply system (the "Confluence Wellfield Project") and to fund any necessary reserves and pay the costs of issuance of the Bonds including any credit enhancement. Subject to certain parameters, EWEB may establish terms, conditions and covenants regarding the bonds and the revenues which are necessary or desirable to effect the sale of the bonds. The City estimates that the bonds will be issued in an aggregate principal amount not to exceed $11,000,000. Bond principal and interest are expected to be paid from EWEB's Water Utility System revenues. The bonds will not be general obligations of the City, nor a charge upon its tax revenues, but will be payable solely from the revenues which EWEB pledges to the payment of the bonds. If written petitions, signed by not less than 5 percent of the City's qualified electors, are filed at the Office of the City Recorder on or before Jf,t/l e It , 2002 (the 61 st day after the date of publication of this notice), the question of issuing $11,000,000 of revenue bonds shall be placed on the ballot at the next legally available election date. Any such petition shall be subject to ORS ~288.815 and ~~2.970-2.992 of The Eugene Code, 1971. The Office of the City Recorder is located at 777 Pearl Street, Room 105, Eugene, Oregon 97401. Information on procedures for filing petitions may also be obtained at such address or by telephone at (541) 682-5042. The resolution authorizing the bonds is available for inspection at the Office of the City Recorder. The bonds will be issued and sold under the Uniform Revenue Bonds Act (ORS ~288.805 to ~288.945); this notice is published pursuant to ORS ~288.815(6). BY ORDER OF THE COUNCIL: April 8, 2002. Jk&~ J. ~~~ KATHLEEN A. FIELAND Resolution 5