Item 2E: Resolution Placing PROS Bond Measure on Ballot

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$5 million from the measure should be used for the development of new fields, resurfacing of existing fields and construction of auxiliary projects. E. The City Council agrees that a measure authorizing the issuance of General Obligation Bonds to finance these parks, recreation and open space projects should be referred to the electors of the City. NOW, THEREFORE, based upon the above findings, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. A city election is called for the purpose of submitting to the qualified voters of the City a measure authorizing the issuance of a maximum of $25,490,000 of General Obligation bonds to be used for parks, recreation and open space projects, including purchase of land for parks and preservation of open space, construction and resurfacing of all weather sports fields and auxiliary projects on school district property and on City parkland adjacent to such property, and construction and equipping of the West Eugene Wetlands Environmental Education Center. Section 2. The City Council orders this city election to be held in the City of Eugene, th Oregon, concurrently with the general election on the 7 day of November, 2006, in accordance with the provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be counted and tabulated and the results certified as provided by law. Section 3. The City Recorder is directed to give not less than ten days notice of the = city election by publication of one notice in the Register Guard, a newspaper published in the City and of general circulation within the City. Section 4. If approved by the electors, the proceeds from the sale of the bonds will be used only for costs related to parks, recreation and open space projects, including purchase of land for parks and preservation of open space, construction and resurfacing of all weather sports fields and auxiliary projects on school district property and on City parkland adjacent to such property, construction and equipping of the West Eugene Wetlands Environmental Education Center, and payment of bond issuance costs. Section 5 . This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted the ______ of day of May, 2006. __________________________________________ City Recorder