Ordinance No. 19692 - Laserfiche WebLink

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ORDINANCE NO. I f~~ AN ORDINANCE PROVIDING FUR THE ISSUANCE AND SALE BY THE CITY OF EUGENE, ACTING BY AND THROUGH THE EUGENE WATER & ELECTRIC BOARD, OF NOT MORE THAN $15000,000 AGGREGATE FRINCIPAL AMOUNT OF REVENUE BONDS FOR THE PURPOSE OF fly REFUNDING $14,145,000 OF ELECTRIC UTILITY SYSTEM CONSERVATION REVENUE BONDS, SERIES 1985, AND ~2} PAYING THE COST OF AN ENERGY CONSERVATION PROGRAM UNDERTAKEN BY SAID CITY, ACTING BY AND THROUGH THE EUGENE WATER & ELECTRIC BOARD, TO FINANCE ENERGY CONSERVATION MEASURES AND UNDERTAKINGS ON BEHALF OF CUSTOMERS SERVED BY THE EUGENE WATER & ELECTRIC BOARD; PROVIDING FOR CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND DECLARING AN EMERGENCY. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section i. Findin sand Determinations. The City Council of the City of Eugene, Oregon, hereby finds and determines that ~1} on December 1~, 1954, the City Council enacted and the Mayor approved ordinance No. 19301, authorizing the City, acting by and through the Eugene Water & Electric Board ~"Board"}, to issue and sell up to $30,000,000 aggregate principal amount of revenue bonds or other evidences of indebtedness of the City, payable solely from the net revenues or any portion thereof of the Electric Utility System of the City, or from any other moneys lawfully available therefor, for the purpose of financing energy conservation measures and undertakings on behalf of customers of the Electric Utility System; ~2} pursuant to said Ordinance No. 19301, the City, acting by and through the Board, issued $17,000,000 aggregate principal amount of Electric Utility System Conservation Revenue Bonds, Series 19H5 thereafter referred to as "19$5 Bonds" } ; and ~3 } it is now deemed advisable and in the best interest of the City to issue not more than $15,000,000 aggregate principal amount of Electric Ordinance - 1