Resolution No. 5290 - Laserfiche WebLink

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EXHIBIT A FORM OF NOTICE OF REVENUE BOND AUTHORIZATION NOTICE IS HEREBY GIVEN that the City Council of the City of Eugene, Oregon (the "City"), acting pursuant to the request of the Eugene Water & Water Board ("EWEB"), adopted Resolution No. 5290 on January 27, 2020, authorizing the issuance of the City's Water Utility System revenue bonds. The revenue bonds will be issued in one or more series to provide funds for the purpose of certain capital improvement projects described in the Water Capital Improvement Plan (collectively, the "Project"), funding necessary reserves and paying the costs of issuance of the revenue bonds. The costs of funding the Project, together with the necessary reserves and costs of issuance of the revenue bonds, are estimated not to exceed $21,000,000. In accordance with these estimates, the City expects that the revenue bonds to fund the Project will be issued in an aggregate principal amount not to exceed $21,000,000. Such bonds may be issued simultaneously with bonds to refund the Water Utility System Revenue Bonds, Series 2011. Subject to certain parameters, EWEB may establish all terms, conditions and covenants regarding the revenue bonds and the revenues which are necessary or desirable to affect the sale of the revenue bonds. The revenue bonds will not be general obligations of the City, nor a charge upon its tax revenues, but will be payable solely from the revenues of the City's Water Utility System. If written petitions, signed by not less than 5.0% of the City's qualified electors, are filed at the Office of the City Recorder on or before M a c h 3 0, 2020 (the 61' day after the date of publication of this notice), the question of issuing $21,000,000 of water revenue bonds shall be placed on the ballot at the next legally available election date. Any such petition shall be subject to ORS 287A.150 and Sections 2.970-2.989 of the Eugene Code, 1971. The Office of the City Recorder is located at 125th E. 8th Avenue, 2nd Floor, Eugene, Oregon 97401. Information on procedures for filing petitions may also be obtained at such address or by telephone at (541) 682-5010. The resolution authorizing the revenue bonds is available for inspection at the Office of the City Recorder. The revenue bonds will be issued and sold pursuant to ORS 287A.150, and this notice is published pursuant to ORS 287A.150(4).