Resolution No. 4728 - Laserfiche WebLink

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Section 42. Skinner's Butte Park. (1) The property commonly know as the "Butte Property," with boundaries as described in a charter amendment adopted by the voters of the city April 5, 1915, is hereby dedicated to the public forever as a public park. [(2) ThG GOnGIete GI055 on tllG south 510pG ofthG butte 5hall IGlualn at that 10Gation and in that fonn a5 pIOpGl'ty ofthG Gity and i5 herGb, dedicated a5 a 111GnlOIial to thG vGteIc11l5 of all ~at5 in \l'vhiGh the United Statc5 ha5 pa11iGipatcd.] Section 43. Franchises. (1 ) The city council may grant a franchise or amendment thereto [or a11J other pi eI ogati v e of 50 v GI Gignty ] only by ordinance. Before adopting any such ordinance the council shall publish notice of its intention to do so [not k55 than once a ~GGk fuI th1eG GonsGGnti vG ~cek5 in one 01 InOIe nG~5papGI5 of gGnGlal GiIGulation plintGd in thG Gity. ThG notiGe 5hall 5tate the sttb5tanGe of thG pIOp05Cd oIdinallGe, induding the na1ne of the glantce The oIdinatlGG 5hall be, IGad,] in a manner authorized by Section 28 of this charter [ at t~o con5eGnti vG IGgulatlnGeting5 oftl.lG counGiI befuIe it i5 pa55ed]. Any applicant for such a franchise [01 Otl.lGI preIogati ve of 50 veIGignty] shall pay in advance the expenses of publishing the notice. Any franchise granted by the council shall assure adequate service to city residents and shall require the franchisee to pay the city adequate compensation in the form of a percentage of the gross income from the franchise, or in an alternative form acceptable to the council, in amounts sufficient to cover present value and future development ofthefranchise. [1io fratlGhi5G may bG granted, GxeGpt upon SUGh tGIn15 a5 5CGtl1e to the Gity adequate 5Gl viGG and adGquatG eOnlpGn5ation b, GxaGting 5uGh a pGICGntagG of thG gI055 inconle fIom thG fratlGhisG or plGIogativG a5 i5 adequate to GOveI pIe5Gnt valnG atld future devdopmGnt.] (2) In the acquisition by the city of any public utility the price to be paid by the city shall exclude the value of any franchise [01 othGI pIGIogati vG of 50 v Grcignty ] granted by the city and connected with the utility. All ordinances granting franchises [01 o&eI pIGIogati vG5 of 50 v GI Gignty] shall do so subj ect to the provisions of this section. (3) The council may not grant an exclusive citywide franchise to haul solid waste. Section 45. Eugene Water & Electric Board - Short Terms Loans. (1) The Eugene Water & Electric Board may borrow [fr Olll any bank or banks] under short term loans or other evidence of indebtedness of a duration of less than one year, and at such rates of interest and terms of repayment as in the judgment of the board is expedient for the use of the board in the conduct and maintenance of the water, [and] electric and telecommunications utilities of the city, provided that the total amount of such indebtedness of the board not at anyone time exceed five percent of the board's retained earnings at that time. Proceeds from anyone borrowing may be used only in the conduct and maintenance of a single utility, and only revenues from that utility may be pledged or used to pay the principal, interest and costs associated with the borrowing. (2) To secure the payment of any such loan the board may pledge as collateral such assets under the control of the board as are available therefor and as the board deems it expedient so to pledge. (3) The indebtedness authorized by this section is in addition to all other indebtedness authorized for the city. Exhibit A - 6