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<br />utilize Recovery Zone Facility Bonds to finance the project; and c) a resolution authorizing the City to <br />issue Recovery Zone Facility Bonds in support of BMC’s project financing. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to support the Bennett Management Company proposal in concept, and direct the City Manager <br />to bring back additional project details for consideration including a) the transfer of ownership of the <br />Vacant Parcel from Beam to Bennett Management Company, along with the assignment of <br />development rights under Beam’s Purchase and Sale Agreement; b) a resolution designating a <br />Recovery Zone which would provide Bennett Management Company the opportunity to utilize <br />Recovery Zone Facility Bonds to finance the project; and c) a resolution authorizing the City to issue <br />Recovery Zone Facility Bonds in support of Bennett Management Company’s project financing. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Vacant Parcel Map <br />B. Excerpt from Debt Policies – Conduit Financing <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact (Development Proposal): Denny Braud <br />Telephone: 541-682-5536 <br />Staff e-mail: denny.braud@ci.eugene.or.us <br /> <br />Staff Contact (Bonds): Sue Cutsogeorge <br />Telephone: 541-682-5589 <br />Staff e-mail: sue.l.cutsogeorge@ci.eugene.or.us <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Z:\CMO\2010 Council Agendas\M100811\S100811A and att's A and B.doc <br />