Exhibit A

Notice of Revenue Bond Authorization

NOTICE IS HEREBY GIVEN that the City Council of the City of Portland, Oregon (the “City”), adopted Ordinance No. ____ on November __, 2002, authorizing the issuance of revenue bonds to finance facilities improvements, property acquisition and other public purposes (the “Projects”).

The City expects to issue the bonds in several series. Each series of bonds may be payable from all or any portion of the City’s “revenues” as defined in the Uniform Revenue Bond Act (ORS 288.805 to 288.945, or the “Act”). The Act defines “revenues” to include all fees, tolls, taxes, and other income available to the City. The City Council may establish by subsequent ordinance all terms, conditions and covenants regarding each series of the bonds and the revenues pledged to that series which are necessary or desirable to sell that series of the bonds.

The revenue bonds described in this notice will not be issued in an aggregate principal amount of more Two Hundred Million Dollars ($200,000,000). Each series of the revenue bonds shall be payable solely from the portion of the “revenues” (as defined in the Act) which the City pledges to the payment of that series of the bonds. No series of the revenue bonds shall be general obligations of the City, and neither the authorization nor issuance of any series of the revenue bonds described in this notice shall authorize the City to levy any additional taxes.

The ordinance provides that the City will not issue any of the revenue bonds described in this notice after January 1, 2006.

If written petitions requesting an election on the issuance of the bonds, signed by not less than five percent (5%) of the City's electors, are filed at the Office of the City Auditor on or before ______, 2003, the question of issuing the bonds shall be placed on the ballot at the next legally available election date.

The Office of the City Auditor is located at City Hall, Room 140, 1221 S.W. Fourth Avenue, Portland, Oregon 97204.

The ordinance authorizing the bonds is available for inspection at the Office of the City Auditor.

Each series of the bonds will be issued and sold under the Act; this Notice is published pursuant to ORS 288.815(6).

BY ORDER OF THE CITY OF PORTLAND, OREGON