1988-25432-Resolution No. 88-071 Recorded 10/13/1988•
88 -25432
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF
A Resolution Authorizing the
Borrowing of up to $329,000
for the Small Scale Energy
Loan Program (SELP) Through
the Department of Energy for
Energy Conservation Improve-
ments at Ten County Build-
ings, and Providing for the
Execution and Delivery of
Documents.
RESOLUTION NO. 88 -071
1' E E `rte..+
LEG,' C COUNSEL
DESCHUTES COUNTY, OREGON
880CT13 P►H4:01
MAZY SUE PENHOLLO;I
COUNTY CLERK
0094 0 111
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. Pursuant to the terms of that certain commitment
dated September 28, 1988, for the Small Scale Energy Loan Program
(SELP) through the Department of Energy of the State of Oregon
for a project entitled "Energy Conservation Improvements to 10
County Buildings ", the Board of County Commissioners of Deschutes
County, Oregon, hereby authorize the borrowing of up to $329,000
under the approved SELP loan to be repaid over a term of 15
years, subject to statutory and constitutional limitations.
Section 2. That the terms of that commitment, as set forth,
are hereby approved.
Section 3. That the Chairman of the Board of County Commis-
sioners is authorized to sign on behalf of the County the SELP
commitment dated September 28, 1988.
Section 4. That the Chairman is authorized to sign on
behalf of the County any and all other documents necessary to
acquire the project and take other necessary actions required
pursuant to the commitment.
Section 5. Annually, while principal and interest payments
are outstanding during the term of the loan, the Budget Officer
of the County shall propose the appropriation of funds for the
repayment of principal and interest payable during each fiscal
year.
Section 6. Nothing in this resolution shall be construed to
constitute a delegation of legislative authority to the Chairman,
nor shall this resolution constitute the pledge of general tax
revenues of the County for repayment of the SELP loan.
1 - RESOLUTION NO. 88 -071
;KEVPuA +' :H
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DATED this ioC"il day - _, 1988.
4 0112
BOARD OF COUNTY COMMISSIONERS
OF 1:SCHU S COUN OREGON
,4,7
LOIS B T W PRANTE, Commissioner
TOM missioner
ecording Secretary 'C MAUDLIN, Chairman
2 - RESOLUTION NO. 88 -071