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<br />RESOLUTIONS
<br />
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<br />
<br />RESOLUTION - RE: DEDICATIONS FOR STREET AND ALLEY PURPOSES WAS SUBMITTED AND READ AS
<br />FOLLOWS:
<br />
<br />"WHEREAS, THE CITY OF EUGENE IS NOW THE OWNER OF VARIOUS TRACTS OF REAL PROPERTY
<br />WHICH HAVE BEEN AND WILL BE USED FOR STREET AND ALLEY PURPOSES, BUT WHICH HAVE NEVER
<br />BEEN DEDICATED FOR SAID eUBLIC USE.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED THAT THE MAYOR AND CITY RECORDER BE, AND THEY ARE
<br />HEREBY AUTHORIZED TO MAKE, EXECUTE AND RECORD IN THE RECORDS OF THE COUNTY CLERK FOR
<br />LANE COUNTY DEDICATIONS OF THE STREETS AND ALLEYS NECESSARY FOR PUBLIC PURPOSES TO BE
<br />USED AS STREETS AND ALLEYS.
<br />
<br />RESOLUTION ADOPTED BY THE COMMON COUNCIL OF THE CITY OF EUGENE THIS 22ND DAY OF
<br />JANUARY, 1951."
<br />
<br />IT WAS MOVED BY CRUMBAKER, SECONDED BY BOOTH THAT THE RESOLUTION BE ADOPTED. MOTION
<br />CARRIED.
<br />
<br />RESOLUTION - MAKING CONSTRUCTION WARRANTS PAID TO CONTRACTORS FOR LOCAL IMPROVEMENTS
<br />UNDER BANCROFT LAW IN GENERAL OBLIGATION WARRANTS OF CITY WAS SUBMITTED AND READ AS FOLLOWS:
<br />
<br />"WHEREAS, IMPROVEMENT WARRANTS ISSUED BY VARIOUS MUNICIPALITIES, INCLUDING THE
<br />CITY OF EUGENE, HAVE NOT BEEN LEGALLY CONSIDERED AS GENERAL OBLIGATIONS OF THE CITIES,
<br />AND
<br />
<br />WHEREAS, AS A RESULT THEREOF, THE LOWEST POSSIBLE BIDS ON IMPROVEMENTS HAVE NOT
<br />BEEN RECEIVED AND
<br />
<br />WHEREAS, IT IS BELIEVED THAT IF THE IMPROVEMENT WARRANTS WERE TO BE CONSIDERED
<br />GENERAL OBLIGATION WARRANTS, PAYABLE OUT OF THE GENERAL FUNDS OF THE CITIES AFTER A
<br />PERIOD OF THREE YEARS, THAT THE CITIZENS OF THE CITY WOULD RECEIVE A MATERIAL BENEFIT
<br />IN THAT THE COST OF THE IMPROVEMENTS WOULD BE DECREASED, AND
<br />
<br />WHEREAS, UNDER PRESENT LAW, BANCROFT BONDS ARE CONSIDERED GENERAL OBLIGATIONS OF
<br />THE CITIES, BUT THAT THE INTERIM FINANCING BY WARRANTS IS NOT CONSIDERED A GENERAL
<br />OBLIGATION OF THE CITY,
<br />
<br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF EUGENE, THAT
<br />IT DOES HEREBY REQUEST THAT A BILL BE DRAWN AND SUBMITTED TO THE 1951 SESSION OF THE
<br />OREGON STATE LEGISLATURE FOR PASSAGE, PROVIDING THAT IMPROVEMENT WARRANTS ISSUED BY THE
<br />MUNICIPALITIES OF THE STATE OF OREGON TO CONTRACTORS IN PAYMENT FOR LOCAL IMPROVEMENTS
<br />UNDER THE BANCROFT LAW, SHALL HENCEFORTH BE DEEMED AND CONSIDERED AS GENERAL OBLIGATIONS
<br />OF THE CITIES lSSUING SAID WARRANTS, PAYABLE OUT OF THE GENERAL FUNDS OF THE CITY AFTER
<br />THREE YEARS FROM THE DATE OF ISSUE, AND DIRECTING THAT SAID CITIES BUDGET A SUFFICIENT
<br />AMOUNT IN ANTICIPATION OF THE PAYMENT OF ANY OF SAID WARRANTS WHICH CANNOT BE PAID
<br />FROM THE PROCEEDS RECEIVED IN PAYMENT OF ASSESSMENTS FOR SAID LOCAL IMPROVEMENTS.
<br />
<br />RESOLUT ION ADOPTED TH I S 22ND DAY OF JANUARY, 1951."
<br />
<br />IT WAS MOVED BY SI5GENTHALER, SECONDED BY SMITH THAT THE RESOLUTION BE ADOPTED; THAT THE
<br />LEAGUE OF OREGON CITIES BE ADVISED, AND THAT COPIES BE SENT TO THE LANE COUNTY REPRESENTATIVES.
<br />MOTION CARRIED.
<br />
<br />UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEETING WAS ADJOURNED.
<br />
<br />RESPECTFULLY SUBMITTED,
<br />
<br />
<br />ORENL.KING,
<br />CITY MANAGER.
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