Laserfiche WebLink
another funding source, he questioned what other option for funding construction existed outside <br />that source. <br /> <br />The council took a three-minute recess. <br /> <br />Councilor Taylor stated that as a matter of principle she did not think the council should take <br />action on a controversial question the same night it held a public hearing. <br /> <br />Mayor Torrey adjusted the agenda by moving up item 11 in the agenda order. <br /> <br />8. ACTION: RESOLUTION 4621: A RESOLUTION CALLING A CITY ELECTION ON MAY 16, <br /> 2000, FOR THE PURPOSE OF REFERRING TO THE LEGAL ELECTORS OF THE CITY OF <br /> EUGENE A MEASURE AUTHORIZING THE ISSUANCE OF A MAXIMUM OF $36.2 MILLION <br /> OF GENERAL OBLIGATION BONDS FOR SITING AND CONSTRUCTION OF NEW POLICE <br /> AND FIRE FACILITIES <br /> <br /> Councilor Lee moved, seconded by Councilor Taylor, to adopt Resolution 4621 calling <br /> a City election on May 16, 2000, for the purpose of referring to the legal electors of the <br /> City of Eugene a measure authorizing the issuance of a maximum of $36.2 million of <br /> general obligation bonds for siting and construction of new police and fire facilities. <br /> <br /> Councilor Rayor moved, seconded by Councilor Meisner, to amend the resolution as <br /> follows: <br /> <br /> New Recital 'G:, The City Council agrees that only the amount needed for the capital <br /> construction of a new downtown police station and downtown fire station will be spent <br /> on this project. All funds remaining from the general obligation bonds will be used to <br /> reduce property taxes used to pay for the bonds. For purposes of this resolution, <br /> "capital construction" has the definition contained in Oregon Revised Statutes <br /> 310.140(17), except no bond proceeds may be used for the purchase of vehicles. <br /> <br /> Modify Section 4: Delete "police and fire facilities." Replace with "a new downtown <br /> police station and downtown fire station." <br /> <br /> New Section 3: All funds remaining from the general obligation bonds will be used to <br /> reduce property taxes used to repay the bonds. <br /> <br />Responding to a question from Councilor Taylor, Mayor Torrey said that the issue was proceeding because of <br />Mr. Lee's motion to take action. <br /> <br />Councilor Lee expressed appreciation for Councilor Rayor's amendment, saying it adding accountability. <br />Councilor Kelly agreed, and thanked Councilor Rayor for bringing it forward. <br /> <br />Councilor Rayor said that he thought for some time that the bond should not be open-ended. The purpose of <br />the amendment was to ensure that the funds were used as intended. He said that he would like to see it <br />become standard practice in the future. <br /> <br />MINUTES--Eugene City Council February 28, 2000 Page 13 <br /> Regular Meeting <br /> <br /> <br />