12/17/1986 Meeting - Laserfiche WebLink

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. Mr. Hansen moved, seconded by Ms. Ehrman, to pay back the City's share of the project by adopting Resolution No. 4016 e titled "A Resolution Concerning the Financing of the Public Share of the Airport Terminal Expansion Project" pr~sented to the council today. Replying to a question from Mr. Rutan, Mayor Obie said the resolution provides direction and may be followed by several ordinances. Mr. Gleason said passage of the resolution would have the same effect as passage of an ordinance. Ms. Bascom said some changes in the resolution might be appropriate later and Mayor Obie responded that the council could change the resolution later. Mr. Rutan sa i d he supports Mr. Hansen's suggestion that the annual debt service be a priority in the CIP for five years. Responding to a comment from Mr. Rutan, Mayor Obie said the council can change the resolution or ordinance after the March 31 vote. Mr. Holmer wondered if some councilors would like to add a phrase to section (e) of the resolution which would require a vote on additional property taxes and/or cuts in City services if other means of paying the debt service are not adequate. Ms. Schue pointed out that a vote is not required to raise property taxes to pay for Revenue-Backed General Obligation bonds. Mr. Hansen moved, seconded by Mr. Miller, to amend the motion as follows (underlined material should be added): e Sect ion 1. Based upon the above findings. . .the repayment of any Revenue-Backed General Obligation Bond measure passed by the voters be placed as a top priority in the Capital Improvement Budget annually for at least five years and thereafter be paid from the following sources,. . . Replying to a question from Ms. Bascom, Mr. Hansen said his amendment would establish the airport as a priority in the Capital Improvement Budget for five years. He said it will provide a guide for other councils. The amendment carried 6:2 with Councilors Schue, Miller, Holmer, Bascom, Hansen, and Rutan voting aye and Councilors Wooten and Ehrman voting nay. Answering a question from Mr. Gleason, Mr. Hansen said the amendment does not preclude using other funds to pay the debt service on the Revenue-Backed General Obligation bonds. Replying to a question from Mr. Miller, Mayor Obie said the council will be presented with ordinances later calling for an election on March 31, 1987, and adopting a ballot title. e MINUTES--Eugene City Council December 17, 1986 Page 9