1985-28476-Resolution No. 85-045 Recorded 12/18/198585`28476 VOL 70 PACE 5
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
1995 DEC 18 11 12: 19
MARI SUE CLERK QW
A Resolution Accepting A Bid *
For The Purchase of Deschutes *
County General Obligation
Improvement Bond, Series
• 1985, And Directing Delivery *
And Sale Thereof.
RESOLUTION NO. 85 -045
BO OF COUNTY COMMISSIONERS
0
WHEREAS, on the 18th day of December, 1985, bids were
considered during a regular Board of County Commissioners meeting
for the purchase of $940,000.00 of the Deschutes County, Oregon,
General Obligation Improvement Bonds, Series 1985, to be dated
December 1, 1985, and the Board having met in regular session to
consider said bida; and
WHEREAS, five bids having been received and considered, and
the Board deems it deairable that the responsible bidder offering
to purchase said bonds at the lowest net effective rate of
interest coat to the County be accepted; now, therefore,
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. The Board hereby finda and determines that the
bid of The Oregon Bank is the best bid received for the purchase
of General Obligation Improvement Bonds, Series 1985, being the
one with the lowest net effective rate of interest, said net
effective rate of interest being 7.361561% per annum. That bid
,is hereby, accepted and the bonds shall be sold and delivered to
the bidder above named.
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' }7'`' : ATTBST,
ADOPTED this 18th day of December, 1985, at )J :i o'clock
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