03/04/1991 Meeting (2) - Laserfiche WebLink

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e Mr. Rutan moved, seconded by Mr. Boles, that the bill, with unanimous consent of the council, be read the second time by council bill number only, and that enactment be considered at this time. Roll call vote; the motion carried unanimously, 6:0. Responding to question from Mr. Boles, Ms. Bascom said that she has reviewed and is satisfied with the ordinance. Council Bill 4290 was read the second time by number only. Mr. Rutan moved, seconded by Mr. proved and given final passage. ors present voting aye, the bill became Ordinance 19758). Mr. Rutan moved, seconded by Mr. Boles, to approve the bylaws for the Tree Commission. Roll call vote; the motion carried unanimously. Boles, that the bill be ap- Roll call vote; all council- was declared passed (and VIII. RESOLUTION ACCEPTING AND APPROVING THE CITY OF EUGENE FY90 COMPREHENSIVE ANNUAL FINANCIAL REPORT e City Manager Mike Gleason introduced the topic. Administrative Services Director Warren Wong gave the staff presentation for Agenda Items VIII and IX. The reports before the council were reviewed and audited by Coopers & Lybrand in compliance with State and Federal guidelines. He explained that the management letter included in the council's agenda packet is a review of the City's internal control systems. All items identified in the management letter have been addressed and approved by the auditors and by all affected external agencies. The resolutions before the council ask for council accep- tance and approval of the attached financial reports. Regarding a question raised during a previous council work session regarding the status of the Urban Renewal Agency's outstanding debt, Mr. Wong clarified that the agency has approximately $3.9 million in outstanding tax allocation bonds issued for the construction of the conference center parking garage and the Parcade, $7.3 million in outstanding intergovernmental agreements between the Eugene Renewal Agency and the City of Eugene, and $5.3 million in unre- stricted cash. It would be theoretically possible to payoff approximately one-half of the outstanding debt, with over $5 million debt remaining. Res. No. 4228--A resolution accepting and approving the Com- prehensive Annual Financial Report (CAFR) for the City of Eugene for the year ending June 30, 1990. Mr. Rutan moved, seconded by Mr. Boles, to adopt the resolu- tion. Roll call vote; the motion carried unanimously, 6:0. - MINUTES--Eugene City Council March 4, 1991 Page 13