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<br /> M I NUT E S
<br />e. Eugene City Council
<br /> City Ceuncil Chamber
<br /> Octeber 7, 1981
<br /> 11 :45 a.m.
<br /> COUNCILORS PRESENT: Gretchen Miller, Brian Obie, Mark Lindberg, D.W. Hamel,
<br /> Eric Haws, Cynthia Wceten, and Emily Schue.
<br /> COUNCILOR ABSENT: Betty Smith
<br /> Special meeting of the City Council of the City .of Eugene, Oregen, was called
<br /> to .order by Ceuncil President, Gretchen Miller.
<br /> 1. RESOLUTION AWARDING BIDS FOR GENERAL OBLIGATION BANCROFT IMPROVEMENT BOND
<br /> SALE (infermation distributed)
<br /> Dave Whitlow, Assistant City Manager, apelegized te the ceuncil for the staff
<br /> oversight which necessitated calling this special meeting. The preposed resolutien
<br /> officially adopts this morning's bid opening and allows the bid to be awarded.
<br /> Councilers Lindberg and Hamel, and Mayor Keller arrived at the meeting.
<br /> Res. Ne. 3591--WHEREAS, the City .of Eugene, a municipal corperation .of the
<br />It State of Oregen, by Ordinance Ne. 18855, duly enacted en
<br /> September 9, 1981, has ordered the sale of General Obligation
<br /> Bancreft Imprevement Bonds, Series "W, .of the City .of Eugene
<br /> in the sum .of feur millien, nine hundred ten thousand dellars
<br /> ($4,910,000), dated Octeber 1, 1981; and,
<br /> WHEREAS, said Ordinance has called fer said sale to be made
<br /> Wednesday, Octeber 7, 1981, and bids te be received in the
<br /> office .of the City Recerder in the City Hall in said City at
<br /> 11:00 a.m., Pacific Time, and said ordinance and notice .of
<br /> sale provided that said bends were to be seld te the highest
<br /> qualified bidder whe offers the lowest':true.interest':cest tb
<br /> the City; and
<br /> WHEREAS, the attached bids have been. received by the City of
<br /> Eugene, Oregen, pursuant te the Netice .of Sale .of said bonds;
<br /> and
<br /> WHEREAS, it appears frcm the attached and the Eugene City
<br /> Ceuncil hereby finds, determines, and declares. that the
<br /> First Interstate Bank .of California is the highest and best
<br /> qualified bidder and has .offered the lewest true interest
<br /> cest te the City .of Eugene, Oregen, fer the purchase .of
<br /> $4,910,000 issue .of General Obligatien Bancreft Improvement
<br /> Bonds, Series "H", .of the City .of Eugene, Oregon, te be dated
<br />-~ Octeber 1, 1981, cemputing the total interest en all .of the
<br /> bonds fremOcteber 1, 1981, to the respective maturities
<br /> thereof;
<br /> MINUTES--Eugene City Council Octeber 7, 1981 Page 1
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