10/27/1975 Meeting - Laserfiche WebLink

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~ - - "- j ~ -. ... ... .-' ~. .' / Copies of the resolution were distributed to Council members. ."Councilman Bradley ex- 0 plained that the resolution was drafted by himself and Mayor Anderson along lines of - thinking indicated, by the Council in previous meeting. . The resolutionihe said, tried ." to avoid recommending direct loans by the federal government to New York City. Mr. Keller asked if the intent was to inform the Congressional. delegation that the ci ty of Eugene did want the federal government to guarantee loans to New York.. Mayor Anderson explained that the resolution presented appeared to be. what Senator Packwood was seeking in his request for response from Eugene with r~gard to the Senate Banking Committee's consideration of New York City's plight. Councilman Williams said he would not support the resolution as drafted. He was not sure the opening paragraph was correct with regard to "the rippling effect on other local governments across the nation." He had thei~pression from discussi?ns with people in the Treasury Department, he said, that rio other city in the United States had mismanaged its credit as had New York City. He was not. opposed to the federal government's guaranteeing credit to New York, but he did not think the statement re- ferred to should top the list. The issue was one of emphasis, he said. Other people of the United States should be under no obligation to bailout the kind of fiscal mis- management practiced by New York. Councilman Murray thought the .resolution was a balanced statement that avoided the "bailing out" position. There was also included the important element of future account- ability as well as exclusion of any element of mOtives that would seem to indicate willingness to sacrifice needs of people for some political gain. Councilman Keller wondered why Item 3 - "...encourage state of New York to participate in any credi tguarantee. . ." - was. listed third because he thought that provision was - important. He 'found it difficult to support the resolution and said he felt strongly that "this was no place for Eugene." Mayor Anderson explained the intent in preparing this resolution was to reflect a consensus of theCouncp. Although he was not ex- tremely enthusiastic about certain parts of it and felt it would not receive unanimity of the Council, at least it would give the Senate Banking Committee some guide as to Eugene's reaction to New York's dilemma and suggestions how the matter might be resolved. He said he was sure that comments received by the Banking Committee from across the nation would range from "let New York go down the tube" to "we ought to give an outright grant." This document, he said, was drafted in an attempt to achieve one which might be acceptable to most of the Council. Councilman Hamel commented that the resolution wasn't costing Eugene any money. In fact, it might help meet a situation that could adverse~y affect interest rates on Eugene's municipal bonds. Mr. MU'Y'ray moved second by Mr. Keller to adapt the resolutitm. Rollcal:\. vote. Motion carried,' all council members present voting aye, except Councilman Keller voting no. Resolution No. 2456 - Authorizing payment of bills and claims for period from October 13 through October 27, 1975 was read by number and title. Mr. Murray moved second by Mr. Keller to adopt the resolution. Rollcall vote. Motion carried, all council members present voting aye. . Upon motion duly made, seconded, and carried, the meeting was adjourned to Monday, November 2, 1975, for public hearing on ESATSalternatives~ ....~.)~ Charles;;.T~'Henry '. . Ci ty Man~ger" 575 ,10/27/75 - 23