Resolution No. 4483 - Laserfiche WebLink

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Exhibit A Form of Note No. R-l $ United States of America State of Oregon County of Lane City of Eugene Santa Clara Bond Anticipation Note 1996 Series S Dated Date: Interest Rate: Maturity Date: CUSIP Number: Registered Owner: -----CEDE & CO.----- Principal Amount: ----- DOLLARS----- THE CITY OF EUGENE, in Lane County, Oregon (the "City"), for value received, acknowledges itself indebted and hereby promises to pay to the Registered Owner hereof, or registered assigns, the Principal Amount indicated above on the Maturity Date indicated above together with interest thereon from the date hereof at the Interest Rate indicated above. Interest is payable at maturity on , 1996. Payment of interest shall be made to the Registered Owner hereof whose name appears on the registration books of the City maintained by the City's paying agent and registrar, which is currently First Interstate Bank of Oregon, N.A., in Portland, Oregon (the "Paying Agent") as of the close of business on the fifteenth day of the calendar month immediately preceding the interest payment date. Principal and interest payment shall be payable to Cede & Co., as nominee of The Depository Trust Company, or its registered assigns, on the payment date. Such payment shall be made payable to the order of "Cede & Co." This note is one of a duly authorized series of the City's Santa Clara Bond Anticipation Notes, 1996 Series S (the "Notes") of like tenor and effect issued in an aggregate original principal amount of Dollars ($ ). The Notes are issued pursuant to ORS 223.235(7), as amended, and Resolution No. of the City adopted 1996 (the "Resolution"), which authorize the City to borrow funds for interim financing of construction of public improvements. This Note is a special obligation of the City which is payable solely from amounts the City has covenanted in the Resolution to deposit into the Special Assessments Capital Project Fund. In the Resolution the City has covenanted that it will, until all Notes are paid or defeased, deposit into the Special Assessments Capital Project Fund all moneys received by the City from its collection of unbonded assessments for the Project, all proceeds of permanent financing for the Project, the net proceeds of foreclosure of improvement liens for unbonded assessments for the Project, and any Note proceeds which are not required to pay Project costs. The City has covenanted that, until all Notes have been paid or defeased, the amounts in the Special Assessments Capital Project Fund shall be used only to pay, purchase or redeem Notes, and shall not be transferred, borrowed, diverted or used for any other purpose. The City has also covenanted to use its best efforts to secure permanent financing which will be available to permit timely payment of the Notes. The Notes are initially issued as a book-entry-only security issue with no certificates provided to the Noteowners. Records of Note ownership will be maintained by the Paying Agent, and by The Depository Trust Company and its participants. Page 1 - Exhibit A (Form of Note) J :\HWR \CITIES\EUGENE\BAN96\BAN96RES.DOC