04/10/1950 Meeting - Laserfiche WebLink

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rt4~ l 20 PETITION FOR THE VACATION OF A PORTION OF CHESHIRE STREET WAS SUBMITTED AND READ. IT WAS MOVED BY GODLOVE, SECONDED BY HAWN THAT THE PETITION BE REFERRED TO THE PUBLIC WORKS COMMITTEE. MOTION CARRIED. 21 INFORMAL PETITIONS IN BEHALF OF MRS. GALBRAITH, 707 E. 17iH AVENUE T~ REZONE HER PROPERTY AT THAT LOCATION FROM R-3 TO R-4 AND ALSO FOR THE CITY COUNCIL TO REZONE 18TH AVENUE! FROM WILLAMETTE TO PEARL FROM R-3 TO C-3 AND TO REZONE WILLAMETTE STREET FROM 24TH AVENUE TO 29TH FROM RA, C-I AND C-2 TO C-3 WERE SUBMITTED. IT WAS MOVED BY BOOTH, SECONDED BY GODLOVE THAT THE PETITIONS BE REFERRED TO THE CITY ATTORNEY FOR THE NECESS.ARY RESOLUTIONS, AND TO THE PLANNING COMMISSION FOR CONSIDERATION AT THEI~ NEXT MEETING. MOTION CARRIED. 22 COMMUNICATION - MR. & MRS. GEORGE OWEN - RE: OFFER OF TRACT OF LAND FOR A ROSE GARDEN WAS SUBMITTED AND READ, WITH LETTERS FROM THE EUGE~E GARDEN CLUB AND THE EU~ENE ROSE SOCIETY. 23 IT WAS MOVED BY HAWN, SECONDED BY CRUMBAKER THAT THE OFFER BE ,ACCEPTED SUBJECT TO APPROVAL OF THE CITY ATTORNEY, AND THAT A LETTER OF ACCEPTANCE AND APPRECIATION BE SENT \0 MR. AND MRS. GEORGE OWEN. MOTION CARRIED. COMMUNICATION FROM SCHOOL DISTRICT 14 - HE: VACATI~N OF CERTAIN STREETS IN THE HARRIS SCHOOL SITE WAS AGAIN BROUGHT UP FOR CONSIDERATION. I, IT WAS MOVED BY WELLS, SECONDED BY HAWN THAT THE MATTER BE REFERRED TO THE CITY ATTORNEY FOR PREPARATION OF PROPER ORDINANCES. MOTION CARRIED. 24 COMMUNI CATION - CITY RECORDER - RE: FINANCING LOCAL IMPROVEMENTS AND PROCEDURE ON BOND ISSUES WAS" SUBMITTED AND READ AS FOLLOWS: 25 26 ~ / "ON MY TRIP ,LAST WEEK TO PORTLAND TO ~IGN THE, BONDS OF THE $1,000,000.00 CITY OF EUGENE, WATER & ELECTRIC SERIES I DISCUSSED IN DETAIL WITH MR. F3ED JOHNSON, ASSlpTANT VICE-PRESIDENT OF THE U. S. NATIONAL BANK OF PORTLAND, THE PROBLEM THAT CONFRONTS US IN FINANCING OUR STREET, SEWER AND SIDEWALK IMPROVEMENTS. HE WAS FAVORABLY IMPRESSED WITH THE PROCEDURE FOLLOWED, BY US IN MAKING THESE IMPROVEMENTS AND IT WAS MY IMPRESSION THAT HE FELT QUITE SURE THAT A DEFINITE POLICY COULD BE FORMULATED BY THEM WITHIN T~E NEXT TWO WEEKS WITH RESPECT TO ACCEPTING IMPROVEMENT WARRANTS ISSUED TO THE CONTRACTORS. MR. JOHNSON TAKES THE POSITION THAT THE SECURITi FOR THE WARRANT. HOLDER IS THE ABUTTING PROPERTY OR PROPERTY TO BE SERVED BY THE PROJECT AND THAT HAVING SATISFIED THEM- SELVES (THE BANK) THAT EACH PROJECT IS BACKED BY SUFFICIENT SECURITY IN THE FORM OF PROPERTY WITH SUFFICIENT VALUES AND HAVING SATISFIED THEMSELVES THAT THE CITY WILL FOLLOW A DEFINITE PROCEDURE'TO CONCLUSION, HE FEELS THAT THE WARRANT IS A GOOD INVESTMENT ESPECIALLY IN EUGENE . . WHERE CERTAIN CHARTER PROVISIONS ON IMPROVEMENT PROCEDURE FAVOR THE CITY AND" THE WARRANT HOLDER. IT IS BELIEVED THAT OUR PROPOSAL TO FURNISH REPRESENTATIVES OF THE BANKS WITH PERTINENT DATA ON EACH PROJECT AND HAVE THEM INSPECT THE PROPOSED PROJECT ALONG WITH THE PUBLIC WORKS COMMITTEE IN" ORDER ,TO HAVE ,A BASIS FOR APPROVING OR REJECTING PROJECTS, WILL BE mHE BASIS OF WORKING OUT A PLAN THAT IS ACCEPTABLE TO THE BANKS. WE SHOULD K~OW THE OUTCOME OF DISc0sSIONS WITH ~HE UNIT~D STATES NATIONAL BANK WITHIN ONE TO TWO WEEKS OR IN TIME TO ., ., APPLY THE PLAN TO THE FIRST PROJECTS OF THIS COMING CONSTRUCTION SEASON. I MET MR. SHULER, THE AUTHORiTY ON LEGALITY OF BOND I~SUES, ALSO WHILE IN PORTLAND AND DELIVERED TO HIM PARTS I I AND I I I OF OUR 830 PAGE BOND TRANSCRIPT ON THE $359,397.74 BAN,CROFT BOND ISSUE AND DISCUSSED THE PROCEDURE OF BOND ISSUES WITH HIM. -As A RESULT OF OUR DISCUSSION WE REACHED AN UNDERSTANDING ON THE NATURE OF EVIDENCE TO BE SUBMITT~D TO MR. SHULER ON FUTURE BOND ISSUES. IT WILL ASSIST US MATERIALLY IN PREPARING FOR FUTURE ISSUES ESPECIALLY BANCROFT BOND ISSUES." IT WAS MOVED BY HAWN, SECONDED BY CRUMBAKER THAT THE COMMUNICATION BE RECEIVED AND PLACED ON FILE. MOTION CARRIED. . .. COM M U N I CAT ION FRO MHo WAR D I. Bo B BIT T - R E : PARKING METER ADVERTISING WAS SUBMITTED AND READ. BY GENERAL AGREEMENT THE MATTER WAS REFERRED TO THE FINA~CE AND JUDI ClARY COMMITTEES FOR CONSIDERATION. MOTION CARRIED. COMMUNICATION FROM J. E. EARLEY - RE: FOLLOWS: TRAFFIC ON PEARL STREET WAS SUBMITTED AND READ AS I"