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<br />finance the siting of new police and fire facilities should be referred to the electors of the City. <br /> <br />G. The City Council agrees that only the amount needed for the capital construction of <br />a new downtown Police Station and downtown Fire Station will be spent on this project. All funds <br />remaining from the General Obligation bonds will be used to reduce property taxes used to pay for <br />the bonds. For purposes of this resolution, "capital construction" has the definition contained in <br />ORS 310.140(17); except no bond proceeds may be used for the purchase of vehicles. <br /> <br />NOW, THEREFORE, based upon the above findings, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br /> <br />Section 1. A city election is called for the purpose of submitting to the qualified voters <br />of the City a measure authorizing the issuance of a maximum of $36.62 million of General <br />Obligation bonds to be used for the siting and construction of new Police and Fire facilities. <br /> <br />Section 2. The City Council orders this city election to be held in the City of Eugene, <br />Oregon, concurrently with the primary election on the leh day of May, 2000, in accordance with the <br />provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be counted and <br />tabulated and the results certified as provided by law. <br /> <br />Section 3. The City Recorder is directed to give not less than ten (10) days' notice of the <br />city election by publication of one (1) notice in the Register Guard, a newspaper published in the <br />City and of general circulation within the City. <br /> <br />Section 4. If approved by the electors, the proceeds from the sale of the bonds will be <br />used only for costs related to the siting, construction and equipping of a new downtown police <br />station and downtown fire station, payment of bond issuance costs, and payment of interim financing <br />costs. <br /> <br />Section 5. All funds remaining from the General Obligation bonds will be used to reduce <br />property taxes used to repay the bonds. <br /> <br />The foregoing Resolution adopted the 28th day of February, 2000. <br /> <br />Ir "- :::.!!z <br /> <br />Resolution - 2 <br />