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RESOLUTION NO. <br />A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE BY THE <br />CITY OF EUGENE, ACTING BY AND THROUGH THE EUGENE WATER & <br />ELECTRIC BOARD, OF NOT EXCEEDING THIRTY MILLION DOLLARS <br />($ 3 Op 0 0 0, 0 0 0 ) AGGREGATE PRINCIPAL AMOUNT OF REVENUE BONDS <br />OR OTHER EVIDENCES OF INDEBTEDNESS OF SAID CITY, PAYABLE <br />SOLELY FROM NET REVENUES OR ANY PORTION THEREOF OF THE <br />ELECTRIC UTILITY SYSTEM OF SAID CITY, OR FROM ANY OTHER <br />MONIES LAWFULLY AVAILABLE THEREFOR, FOR THE PURPOSE OF <br />FINANCING IMPROVEMENTS TO THE ELECTRIC UTILITY SYSTEM; <br />AND PROVIDING FOR CERTAIN OTHER MATTERS IN CONNECTION <br />THEREWITH. <br />The City Council of the City of Eugene finds that: <br />(a) The electors of the City of Eugene, Oregon ( the "City") <br />approved at an election duly held on May 18, 1993, Resolution <br />No. 4360 adopted by the City Council on February 17, 1993, <br />authorizing the City, acting by and through the Eugene Water & <br />Electric Board, to issue up to One Hundred Fifty Million Dollars <br />($150,000,000) aggregate principal amount of revenue bonds or other <br />evidences of indebtedness of the City, payable solely from the net <br />revenues or any portion thereof of the Electric Utility System of <br />the City, or from any other monies lawfully available therefor, for <br />the. purpose of financing improvements to the Electric Utility <br />System; and <br />(b) Section 2 of Resolution No, 4360 requires that all terms <br />and conditions of the bonds or other evidences of indebtedness , and <br />the terms upon which the same may be sold, shall be prescribed by <br />Resolution. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, <br />a Municipal Corporation of the State of Oregon, as follows: <br />Section 1. Provisions for Issuance and Sale of Bonds. <br />The terms and conditions of such bonds or other evidences of <br />indebtedness in an aggregate principal amount of not to exceed <br />thirty million dollars ($30,000,000) and the terms upon which the <br />same may be sold shall be as set forth in this Resolution; <br />provided, however, that the Eugene Water & Electric Board is hereby <br />authorized to prescribe by resolution all such terms and conditions <br />in addition to and not in conflict with those set forth herein. <br />The terms and conditions prescribed by this Resolution are as <br />follows <br />29327.1 <br />Resolution -1- <br />