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<br />e <br /> <br />e <br /> <br />e <br /> <br />M E M 0 RAN DUM <br /> <br />February 7, 1985 <br /> <br />To: <br /> <br />City Council <br /> <br />From: \va~t'';rJ G. Wong, Finance Director <br /> <br />Subject: Bancroft Bond Sale <br /> <br />Based on advice from our Financial Advisor, we are ~rocessing a substitution <br />to the ordinance and resolution passed on January 23, 1985 authorizing the <br />sale of 52,235,000 in Bancroft Bonds. At the time the initial ordinance <br />and resolution were prepared, we were not privy to the fact that another <br />Oregon goverment entity would be issuing approximately 57.5 million in <br />bonds at the same time as the City issue. Thus, we are modifying the <br />interest payment dates to ensure the marketability of the Eugene issue. _ <br />All other terms and conditions of the ordinance and resolution remain the <br />same, except for minor technical adjustments. <br /> <br />cc: ~l. Gleason <br />D. Lilley <br /> <br />Attachment -- 2 <br /> <br />fnwgw528 <br />