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<br /> <br />RELATED CITY POLICIES <br />None. This action simply sets up a process. Policy issues around Recovery Zone Facility Bonds are <br />related to authorization of any specific application that would be requested under this ordinance. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br /> <br />1.Approve the ordinance. <br /> <br />2.Request that the ordinance be brought back to the council on December 13 for a public hearing and <br />December 15 for final action. <br /> <br />3.Do not approve the ordinance. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends approval of the ordinance. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt an ordinance establishing a process and standards for issuing Economic Development <br />Project Revenue Bonds as Recovery Zone Facility Bonds. <br /> <br /> <br />ATTACHMENTS <br /> <br /> <br />A.Proposed Ordinance <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Sue Cutsogeorge <br />Telephone: 541-682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> <br /> <br /> <br /> <br /> <br /> Z:\CMO\2010 Council Agendas\M101122\S1011221.doc <br />