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<br />the design of a new West Eugene Operations Center. As a result, EWEB will not be able to proceed <br />with final design and planning work associated with the new site in West Eugene under the current <br />timeline. Moreover, were the council to not approve this resolution, EWEB would not be able to <br />proceed with the refinancing of the Series 1996 bonds to achieve interest rate savings or to issue new <br />revenue bonds to complete the Carmen Smith Project license application. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends approval of the resolution. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt Resolution No. 4864 authorizing the issuance and sale of Electric Utility System <br />Revenue and refunding bonds in the aggregate principal amount of not to exceed twenty-six million <br />three hundred fifty-four thousand two hundred eighty dollars ($26,354,280) for the purposes of <br />financing and refinancing capital improvements to the Electric Utility System and providing for related <br />matters. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Resolution No. 4864 <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Sue Cutsogeorge <br />Telephone: 682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> <br />EWEB Contact: Jim Origliosso <br />Telephone: 484-3753 <br />E-Mail: Jim.Origliosso@eweb.eugene.or.us <br /> <br /> <br /> <br /> <br /> <br /> L:\CMO\2006 Council Agendas\M060410\S0604102E.doc <br />