Resolution No. 4870 - Laserfiche WebLink

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G. On June 25, 2001 the City Council adopted Resolution No. 4677 authorizing the issuance and sale by the City, acting by and through EWEB, of electric revenue bonds, in one or more series, in an aggregate principal amount not to exceed $50,000,000 for the purpose of financing certain capital improvements to the electric utility as described in the resolution. H. On July 22, 2001 a Notice of Revenue Bond Authorization (the "2001 Notice") was published in The Register-Guard, a newspaper of general circulation within the geographical boundaries of the City. Sixty (60) days elapsed since the publication of the 2001 Notice, and no voters residing within the geographical boundaries of the City filed a petition with the City asking to have the question of whether to issue the electric utility system revenue bonds in the aggregate principal amount not to exceed $50,000,000 referred to a vote (the "2001 URBA Authorization"). I. On May 12, 2003 the City Council adopted Resolution No. 4757 setting the terms for the issuance of not to exceed $7,000,000 principal amount of bonds (the "2003 New Project Bonds") for the purpose of financing capital improvements to the electric utility system which constitute Project purposes under the 2001 URBA Authorization, to fund necessary reserves for the 2003 New Project Bonds, and to pay the costs of issuance of the 2003 New Project Bonds. J. On December 6, 2004 the City Council adopted Resolution No. 4817 setting the terms for the issuance of not to exceed $5,400,000 principal amount of bonds (the "2005 New Project Bonds") for the purpose of financing capital improvements to the electric utility system which constitute Project purposes under the 2001 URBA Authorization (the "2005 New Project"), to fund necessary reserves for the 2005 New Project Bonds, and to pay the costs of issuance of the 2005 New Project Bonds and setting the terms for the issuance of not to exceed $10,000,000 principal amount of bonds (the "2005 Improvement Bonds") for the purpose of financing the design, construction, installation and equipping of certain capital improvements to the Electric Utility System operated by EWEB in connection with the relicensing of the Carmen-Smith Hydroelectric Project, including structural and environ- mental enhancement facilities and facilities to improve the generation, transmission, distri- bution and operations of the Electric Utility System which constitute Project purposes under the 2005 URBA Authorization (as defined below) (the "2005 Improvement Program"), to fund necessary reserves for the 2005 Improvement Bonds, and to pay the costs of issuance of the 2005 Improvement Bonds. K. On December 13, 2004 a Notice of Revenue Bond Authorization (the "2005 Notice") was published in The Register-Guard, a newspaper of general circulation within the geographical boundaries of the City. Sixty (60) days elapsed since the publication of the 2005 Notice, and no voters residing within the geographical boundaries of the City filed a petition with the City asking to have the question of whether to issue the electric utility system revenue bonds in the aggregate principal amount not to exceed $10,000,000 referred to a vote (the "2005 URBA Authorization"). L. As of the date of this Resolution, the aggregate principal amount of bonds issued pursuant to the 2001 URBA Authorization is $47,070,719.21, consisting of $37,570,719.21 of Electric Resolution - 2 - 2-