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Over the past few months, City Finance Division staff put together a pilot program to expand the CD program by <br />soliciting CD bids from local credit unions. Fourteen credit unions with branches in Eugene were contacted to <br />determine whether they would be interested in participating in this program and six institutions responded: Northwest <br />Community Credit Union (CCU), OnPoint CCU, Oregon CCU, Selco CCU, Eugene Water & Electric Board (EWEB) <br />Employees Federal Credit Union (FCU), and Pacific Cascade FCU. <br /> <br />The City issued three requests for bids for CDs from local credit unions. While the response hasn’t been <br />overwhelming, the City received offers from one institution at each solicitation. As a result of the solicitations, a <br />$246,000 CD has been placed with EWEB Employees FCU, which is the maximum allowed under state law after <br />taking into consideration interest earnings. One bid did not result in a placement because the interest rate offered was <br />not competitive with alternative investments. Another bid did not result in a placement because the credit union could <br />not meet the City’s business requirements. <br /> <br />Finance Division staff plans to continue offering CD placement to local credit unions from time to time and hopes to <br />expand the number of participating institutions. For more information, please contact Finance Director Sue <br />Cutsogeorge at 541-682-5589 or Sue.L.Cutsogeorge@ci.eugene.or.us. <br /> <br />Amazon Pool Opens for Summer Season on May 21 <br />Amazon Pool will open for the summer season on Monday, May 21, with daily lap swims through September 3. This <br />favorite summer site annually draws more than 100,000 visits during the summer season. <br /> <br />Beginning June 18, Amazon Pool will open for recreation swims held Monday - <br />Sunday from 2 - 5 p.m. and Mondays and Wednesdays from 6:30 - 8:30 p.m. <br />Family Swim times (one adult must be in the water with children) will be held <br />Monday - Friday, 11:30 a.m. - 1 p.m., and Monday - Thursday, 5:30 - 6:30 p.m. <br />Water aerobics and swim lessons are also offered at Amazon during the summer <br />months. <br /> <br />Swimming is a great, fun way to get exercise and on June 20, families are invited <br />to a free recreation swim from 2 - 6 p.m. at the Let’s Move - Eugene event. Part <br />of First Lady Michelle Obama’s initiative to fight obesity in children, Let’s Move <br />encourages healthy eating and physical exercise. The event at Amazon will <br />include games, relays, prizes, information booths, a farmer’s market and healthy <br />snacks. <br /> <br />For more information on activities and classes offered at City pools this summer, visit www.eugene-or.gov/recaquatics <br />or call 541-682-5350 (Amazon), or 541-682-5525 (Echo Hollow). <br /> <br /> <br /> <br />EUGENE CITY COUNCIL NEWSLETTER PAGE 2 <br />May 17, 2012 <br />