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<br />ATTACHMENT A
<br />RESOLUTION NO. ____
<br />
<br />A RESOLUTION AUTHORIZING ELECTRIC UTILITY SYSTEM REFUNDING
<br />REVENUE BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO
<br />EXCEED FORTY-SIX MILLION THREE HUNDRED FIFTY-FIVE THOUSAND
<br />DOLLARS ($46,355,000) FOR THE PURPOSE OF FINANCING AND REFINANCING
<br />THE HARVEST WIND PROJECT AND PROVIDING FOR RELATED MATTERS
<br />The City Council of the City of Eugene finds that:
<br />
<br />A.
<br />EWEB has requested by resolution that the City Council adopt this Resolution in part to
<br />set the terms for the issuance of electric utility system revenue bonds, notes, certificates,
<br />warrants or other evidences of indebtedness, in an aggregate principal amount of not to
<br />exceed $46,355,000 (the “Refunding Bonds”), on a tax-exempt or taxable basis, as parity
<br />or subordinate lien obligations for the purpose of refinancing the Harvest Wind Interim
<br />Financing and financing the acquisition of an interest in and construction of the Project,
<br />whether through an output prepayment contract, acquisition of an undivided interest in
<br />the Project or otherwise, to fund necessary reserves, and to pay the costs of issuance of
<br />the Refunding Bonds.
<br />
<br />B.
<br />On February 17, 1993, the City Council adopted Resolution No. 4360 (the “Authorizing
<br />Resolution”), to authorize the City of Eugene, Oregon (the “City”), acting through the
<br />Eugene Water & Electric Board (“EWEB”), to borrow money and issue, from time to
<br />time, revenue bonds (the “Bonds”) in the aggregate principal amount of $150,000,000,
<br />for the purpose of financing certain improvements to the City’s electric utility system and
<br />related facilities and systems (the “Electric Utility System”), which is operated by
<br />EWEB, and setting forth certain other terms and conditions for issuance, including the
<br />requirement for approval by the City’s electors at an election to be held on May 18, 1993
<br />(the “1993 Election”), and the requirement that the terms of the Bonds shall be prescribed
<br />by a supplemental bond resolution or resolutions of EWEB.
<br />
<br />C.
<br />On May 18, 1993, the City’s electors approved the issuance of the Bonds at the 1993
<br />Election (such electors’ approval and the Authorizing Resolution are collectively referred
<br />to herein as the “Bond Authorization”).
<br />
<br />D.
<br />As of the date hereof, the aggregate principal amount of Bonds issued pursuant to the
<br />Bond Authorization is $103,645,000, consisting of $27,000,000 principal amount of
<br />Electric Utility System Revenue Bonds, Series 1994, issued under City Council
<br />Resolution No. 4394, $31,500,000 principal amount of Electric Utility System Revenue
<br />Bonds, Series 1994C, issued under City Council Resolutions No. 4370 and No. 4405,
<br />$19,890,000 principal amount of Electric Utility System Revenue Bonds, Series 1996,
<br />issued under City Council Resolution No. 4425, $12,455,000 principal amount of Electric
<br />Utility System Revenue Bonds, Series 1998A, issued under City Council Resolution No.
<br />4571, $1,800,000 principal amount of Bonds pursuant to a Revolving Line of Credit
<br />issued under City Council Resolution No. 4616, and $11,000,000 principal amount of
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