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Council approves utility bond measures, adopts longer investment horizon and designates municipal court as court of record
Summary
On Feb. 23, the Eugene City Council approved resolutions authorizing electric and water utility revenue bond sales, adopted revisions to the city investment policy to extend maximum portfolio maturity, and adopted an ordinance making municipal court a court of record; all actions carried by recorded votes.
The Eugene City Council on Feb. 23 approved a package of administrative and financial actions, including authorizing utility revenue bond sales, adopting a revised investment policy and approving an ordinance designating the municipal court as a court of record.
At the start of the meeting the council approved Consent Calendar 1, which included resolutions authorizing the issuance and sale of electric utility system revenue bonds (about $113,000,000 requested for electric projects, including the Carmen Smith hydro generation project) and water utility…
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