08/17/1983 Meeting - Laserfiche WebLink

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Res. No. 3797--A resolution referring Ordinance #19172 to the e voters. Councilor Obie moved, seconded by Councilor Smith, to adopt the resolution. Roll call vote. Motion carried unanimously, 7:0. Mayor Keller returned to the meeting and took the chair. CB 2675--An ordinance ordering a special City election for the purpose of submitting to the legal voters of the City of Eugene for their approval or rejection at such election to be held on the 20th day of September, 1983, an ordinance authorizing the Eugene Water and Electric Board to issue revenue bonds or other evidences of indebtedness of the City in an amount not exceeding $30,000,000 aggregate principal amount in accordance with the provisions of Ordinance No. 19172; the election to be conducted by the Lane County Election Department; adopting polling places, and providing for all acts necessary for the carrying on of said election; and declaring an emergency. Councilor Schue moved, seconded by Councilor Obie, that the bill be read a second time by council bill number only, with unanimous consent of the Council, and that enactment be considered at this time. Roll call vote. Motion carried unanimously, 7:0. Councilor Schue moved, seconded by Councilor Obie, that the bill e be approved and given final passage. Roll call vote. All council ors present voting aye, the bill was declared passed (and became Ordinance No. 19173). Mayor Keller signed the ordinances authorizing the election and issuance of bonds. v. AX BILLY OPTION AGREEMENT (memo, resolution, background information distributed) Mr. Whitlow reviewed staff notes, indicating that the Downtown Commission had reviewed the situation and was recommending modification of the option agreement between Bennett Management and the Eugene Renewal Agency. Robert Bennett, Bennett Management, explained that after he had committed to the project he had had a market study done which had given him a cautious recommenda- tion to proceed, but had suggested phasing the project. However, he said, he did not wish to phase the project, but considered February 1984 a more realistic termination date for the option agreement than the previously agreed date. He indicated that his confidence about the project was higher now than it had been at the beginning, since support from the business community was increasing, and that he felt positive about the project despite some concerns. Mr. Bennett went e MINUTES--Eugene City Council August 17, 1983 Page 7