CITY OF BEAVERTON NOTICE OF INTENT TO ISSUE BONDS NOTICE IS HEREBY GIVEN that the City Council (the City Council) of the City of Beaverton, Oregon (the City), adopted Resolution No. 4572 on April 9, 2019, authorizing the issuance of revenue bonds in an aggregate principal amount not exceeding $21,000,000 (the Bonds). The Bonds will be issued to provide funds to finance the following projects (collectively, the Project): * Financing or refinancing a portion of the costs of constructing and equipping the Patricia Reser Center for the Arts (the Facility), including the following: – Reimbursing a portion of the costs to acquire the land located at Lots 2 and 3 at the Round at Beaverton Central in Beaverton, Oregon to be used in whole or in part for the Facility and the costs of acquisition due diligence, planning, scoping, designing, architectural and engineering services for the Facility; – Continued due diligence, design and engineering services to construct the Facility; – Cost of constructing the Facility; – Acquiring and installing fixtures, furnishings and equipment without limitation for the Facility; – Paying any other related costs to bring the Facility to an operational status, and: * Paying costs incident to the authorization, issuance, sale, execution and delivery of the Bonds. The City estimates that the Bonds will be issued in one or more series in an aggregate principal amount not exceeding $21,000,000. The Bonds shall not be a general obligation of the City, nor a charge on its tax revenues. As security for the payment of the Bonds, the City pledges its transient lodging taxes (TLTs). The owners of the Bonds will not have a lien on or security interest in the Project or the Facility. If written petitions, signed by at least five percent (5%) of the City’s electors, are filed at the Office of the City Recorder on or before June 17, 2019 (the 60th day after publication of this Notice), the question of issuing Bonds in an aggregate principal amount not exceeding $21,000,000 shall be referred to a vote at the next lawfully available election date. Any such petition shall be subject to ORS 287A.150. Resolution No. 4572 is available for inspection at the Office of the Beaverton City Recorder, located at Beaverton City Hall, 12725 SW Millikan Way, Beaverton, OR 97076. Information on procedures for filing petitions may also be obtained at such address or by telephone at (503) 526-2650. The issuance and sale of the Bonds shall be in accordance with ORS 287A.150. This Notice is published pursuant to ORS 287A.150(4). Catherine Jansen, City Recorder Publish April 18, 2019. TT104235

ad: 104235

Publication: OPC Legals 2

Section: Legals

Start Date: 2019/04/18

End Date: 2019/04/18

Owner: City of Beaverton


County: Washington