CC Agenda Packet 02-12-18 Meeting

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facility improvement projects, the City Manager will convene a Citizen Advisory Board. The CitizenAdvisory Boardwill prepare an annual report, separate and distinct from the report prepared by the outside auditor, documenting the City’s use of the bond proceeds and noting whether the bond proceeds were used in compliance with the terms of this Resolution. The City Manager will provide the Citizen Advisory Board’s report to the Council and make the report publicly available. NOW, THEREFORE, based upon the above findings, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. A city election is called for the purpose of submitting to the qualified voters of the City a measure authorizing the issuance of a maximum of $31,100,000 of General Obligation bonds to be used for parksandrecreation projects, including improvement to parks, trails, natural areas, community centers and pools. Section 2. The City Council orders this city election to be held in the City of Eugene, th Oregon, concurrently with the general election on the 15day of May, 2018, in accordance with the provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be counted and tabulated and the results certified as provided by law. Section 3. The City Recorder is directed to give not less than ten days’ notice of the city election by publication of one notice in the Register Guard, a newspaper published in the City and of general circulation within the City. Section 4. If approved by the electors, the proceeds from the sale of the bonds will be used only for capital costs related to parksandrecreation projectsand payment of bond issuance costs. The use of bond proceeds for park renovation projects, trail and habitat projects, safety improvements, infrastructure improvements, school district partnerships, recreation and pool facility projects, and new park developmentwill be limited to projects listed in Finding G of this Resolution unless upon completion of all the projects listed in Finding G of this Resolution the Council adds other parksandrecreation projects to the list in order to utilize unspent bond proceeds. An outside auditor will report on whether the bond proceeds were used in compliance with these limitations. Section 5 . This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted the ___ of day of _____, 2018. ___________________ City Recorder Resolution - Page 4of 4