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<br />Preservation of Open Space Bonds. If a line of credit-type of debt instrument is used as part of the debt <br />issuance plan, staff will use a competitive process to choose a bank to provide the line of credit. The <br />City uses a line of credit to fund some of its assessment projects during the construction period, and a <br />competitive process was used to choose the line of credit provider in that instance. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />The council may approve the authorization as presented or request changes in the authorization. If <br />changes are requested in the authorization, staff would need to return to the council at a later date with <br />the bond issuance resolution, after consultation with bond counsel. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends adoption of the resolution. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt Resolution 4898 authorizing issuance of the Parks, Athletic Fields and Preservation of <br />Open Space Bonds. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Resolution <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Sue Cutsogeorge, Financial Analysis Manager <br />Telephone: 682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> <br /> <br /> <br /> <br /> <br /> L:\CMO\2007 Council Agendas\M070108\S0701084C.doc <br />