Resolution No. 4871 - Laserfiche WebLink

Home Browse Search

EXHIBIT A FORM OF NOTICE OF REVENUE BOND AUTHORIZATION NOTICE IS HEREBY GIVEN that the City Council of the City of Eugene, Oregon (the "City") has adopted Resolution No. _* on *, 2006, authorizing the issuance of the City's revenue bonds acting by and through the Eugene Water & Electric Board ("EWEB"). The bonds will be issued in one or more series to provide funds for the financing of capital improvements to the Electric Utility System operated by EWEB, consisting primarily of design and development work associated with relocation of certain EWEB operating functions to a new site in West Eugene, design work for remodel of the existing downtown EWEB headquarters building and preliminary planning work related to EWEB property located at the downtown riverfront site (the "2006 New Project") and to fund any necessary reserves and costs of issuance. Subject to certain parameters, EWEB may establish all terms, conditions and covenants regarding the bonds and the revenues which are necessary or desirable to effect the sale of the bonds. The bonds will be issued in an aggregate principal amount not to exceed $8,000,000. Bond principal and interest will be paid from EWEB' s Electric Utility System revenues. The bonds will not be general obligations of the City, nor a charge upon its tax revenues, but will be payable solely from the revenues of the Electric Utility System which EWEB pledges to the payment of the bonds. If written petitions, signed by not less than 5 percent of the City's qualified electors, are filed at the Office of the City Recorder on or before *, 2006* (the 61 st day after the date of publication of this notice), the question of issuing $8,000,000 of the revenue bonds shall be placed on the ballot at the next legally available election date that is at least 66 days after certification and acceptance of the petition. Any such petition shall be subject to ORS 288.815 and Sections 2.970-2.992 of The Eugene Code, 1971. The Office of the City Recorder is located at 777 Pearl Street, Room 105, Eugene, Oregon 97401. Information on procedures for filing petitions may also be obtained at such address or by telephone at (541) 682-5042. The resolution authorizing the bonds is available for inspection at the Office of the City Recorder. The bonds will be issued and sold under the Uniform Revenue Bond Act (ORS 288.805 to 288.945); this notice is published pursuant to ORS 288.815(7). * Information must be included prior to publication of the notice. Resolution - 5