07/24/1989 Meeting (2) - Laserfiche WebLink

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councilors present voting aye, the bill was declared passed e (and became Ordinance No. 19627). Mayor Miller recessed the meeting of the Eugene City Council and convened the meeting of the Eugene Renewal Agency. VII. RESOLUTION CONCERNING THE CONFERENCE CENTER REFINANCING Res. No. 938--A resolution concerning the refinancing of the Eugene Conference Center and authorizing the execution of a second amendment to the Intergovernmental Agreement. Ms. Bascom moved, seconded by Mr. Rutan, to adopt the resolution. Roll call vote; the motion carried unanimously, 7:0. Mayor Miller adjourned the meeting of the Eugene Renewal Agency and reconvened the meeting of the Eugene City Council. VIII. RESOLUTION REGARDING DEPARTMENT OF ENVIRONMENTAL QUALITY SEWER CONSTRUCTION LOAN FUND Mr. Gleason said this resolution would state to the Department of e Environmental Quality (DEQ) that the Eugene City Council is interested in the loan program for water pollution control, but would not commit the City to proceeding. Glen Svendsen, Public Works Department, was available to answer questions. Ms. Bascom asked for additional information about how the loan funds would be used to reduce costs to River Road residents. Mr. Svendsen explained that the intent of applying for the funds is to reduce the interim costs of construction of sanitary sewers in the River Road and Santa Clara areas. By reducing the City's costs of construction financing, the sewer assessment levied on properties in the pruject area could be decreased regardless of whether annexation occurs. The DEQ administers the funds it receives from the Environmental Protection Agency through a revolving loan fund that offers short-term loans at zero-percent interest for five years, or 20-year loans at three-percent interest. Mr. Svendsen said that the City would pursue the short-term loan and would repay the State DEQ at the time properties are assessed for the sewer construction. He added that the exact amount to be available from the DEQ is unclear at this time. Res. No. 4132--A resolution declaring the City's intent to accept State revolving fund loans for projects addressing water quality problems. Ms. Bascom moved, seconded by Mr. Rutan, to adopt the resolution. Roll call vote; the motion carried unanimously, 7:0. e MINUTES--Eugene City Council July 24, 1989 Page 10