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<br />COUNCIL OPTIONS <br /> <br />The council can approve or not approve this resolution. If the council does not approve the resolution, <br />EWEB would not be able to proceed with the refinancing of the Series 1996 bonds to achieve interest <br />rate savings or to issue new revenue bonds to complete the Carmen Smith Project license application. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends adoption of the resolution. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt Resolution 4870 authorizing the issuance and sale of Electric Utility System Revenue <br />and Refunding Bonds in the aggregate principal amount of not to exceed eighteen million three hundred <br />fifty-four thousand two hundred eighty dollars ($18,354,280) for the purposes of financing and <br />refinancing capital improvements to the Electric Utility System and providing for related matters. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Proposed Resolution <br />B. Resolution marked to show changes from the April 10 resolution. <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\M060508\S0605082F.doc <br />