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1984-90187-Resolution No. 84-037 Recorded 8/29/1984voi 55 'ASE 359 REVI LEGAL ' 'O NSEL BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES L.vuLvix, OfVEe3U A Resolution Authorizing the * Deschutes County Treasurer to * Borrow Monies for the CAA Planning Grant Fund for the 1984 -85 Fiscal Year From the * General Fund, to be Repaid Upon the Receipt of the Oregon Community Services Block Grant Funds From the State of Oregon, and Directing* the County Treasurer to Make * Appropriate Entries. 191b AV'G 29 P { 1}: 00 t4ARY SUE LILLOW COUNTY CLERK RESOLUTION NO. 84 -037 WHEREAS, the State of Oregon has pledged monies from the Oregon Community Services Block Grant Program to the Deschutes County CAA Planning Grant Fund; and WHEREAS, the CAA Planning Grant Fund has insufficient cash to cover its obligations for operations prior to the receipt of the Oregon Community Services Block Grant monies; and WHEREAS, it is necessary that the CAA Planning Grant Fund borrow $5,000.00 in order to continue operations; and WHEREAS, for a short term the General Fund can provide a loan to the CAA Planning Grant Fund; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That a loan of money from the General Fund to the CAA Planning Grant Fund be made in the principal amount of $5,000.00. Section 2. That from the date of this Resolution until repayment, the Deschutes County Treasurer shall charge to the CAA Planning Grant Fund interest of 10% per annum on the principal amount of the loan made in Section 1 of this Resolution. Section 3. That upon receipt of Oregon Community Services Block Grant Program monies for the Deschutes County CAA Planning Grant Fund, the Treasurer shall immediately repay to the General Fund the principal amount of $5,000.00, plus any accrued interest. 1 - RESOLUTION NO. 84 -037 VOL 55 FAGE 360 Section 4. That appropriate entries be made in Deschutes County records to reflect the above loan. DATED this 21 day of 11;"?-1 ATTEST: .A4i0"l Recording Secretary J 2 - RESOLUTION NO. 84 -037 1984. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ALB i:T A. UNG/ wihk hair r ©:RI OW PANT , Commissioner LAURENCE A. TUTTL, Commissioner