1988-07345-Minutes for Meeting April 04,1988 Recorded 4/11/1988009(-1160
88-0'7345
WORK SESSION MINUTES
April 4, 1988
88 APR I I PH 2. 10
;SUE r ENIH LL VY
U P Y CI. ERIV,
Chairman Maudlin called the meeting to order at 10:05 a.m. Board
members present were Dick Maudlin, Lois Bristow Prante, and Tom
Throop.
Before the Board was consideration of a loan for Redmond Wood
Products in the amount of $100,000. The purpose of the loan was
to purchase an industrial fingerjoint system. It was determined
that Legal Counsel would draft a commitment letter which would
state the terms and conditions of the loan. This loan would be
contingent upon acceptance of the terms by Redmond Wood Products.
PRANTE: I move approval of commitment letter.
THROOP: Second.
VOTE: PRANTE: YES
THROOP: YES
MAUDLIN: YES
DESCHUTES CO NTY BOARD OF COMMISSIONERS
Lo's Bristo Prante, Commissioner
Tom Throop, Commissioner
G~
AickMaudlin, Chairman
BOCC/slc
KEYP CHHED
PRT '119 88