1990-06896-Resolution No. 90-022 Recorded 3/15/1990so -044906 '1 2 4
REVIEWED
LEGA OUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, UliUIV'
A Resolution Ratifying and Approv- *
ing Resolution No. 90 -009, and
Calling a Special Election to
Submit to the Voters the Question *
of Contracting a General Obliga- *
tion Bonded Indebtedness in the
Amount of Not More Than $9,243,260 *
to Finance Libraries.
RESOLUTION NO. 90 -022
%S.
To
CO
WHEREAS, the Board of County Commissioners of Deschutes
County, Oregon (hereinafter referred to as "County "), has deter-
mined that there is a need to acquire real and personal property,
construct, reconstruct, expand, furnish and equip library facili-
ties within Deschutes County (hereinafter referred to as
"Project "); and
WHEREAS, the costs of the Project are estimated to be not
more than $9,243,260; and
WHEREAS, a hearing was held on March 14, 1990, in accordance
with Resolution No. 90 -010, after notice of hearing, published on
February 28 and March 7, 1990; and public testimony was received
from all interested persons on the decision to submit the ques-
tion of issuing general obligation bonds in the amount of
$9,243,260 to the qualified voters of Deschutes County, Oregon;
now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That Resolution No. 90 -009 is hereby ratified
and approved.
Section 2. A special election is hereby called for the
purpose of submitting to the qualified voters of the County the
question of contracting a general obligation bonded indebtedness
in the name of the County in a sum not more than $9,243,260.
Bond proceeds will be used to finance costs of the Project and
pay all costs incidental thereto. The bonds shall mature over a
period of not more than fifteen (15) years. This Resolution to
take effect after the hearing to be conducted pursuant to ORS
287.055
Section 3. The special election hereby called shall be held
in the County on the 15th day of May, 1990, the state -wide
primary election.
1 - RESOLUTION 90 -009
luu 1125
Section 4. Form of Ouestion. At the special election on
the question of contracting a general obligation bonded indebted-
ness, the following measure shall be submitted:
CAPTION: Deschutes County General Obligation Library Bonds.
QUESTION:
Shall the county be authorized to contract a
general obligation bonded indebtedness in the
amount of not more than $9,243,260?
EXPLANATION: This measure, if approved, authorizes the county
to issue up to $9,243,260 of bonds. The bonds
would provide funds to acquire property, con-
struct, reconstruct, expand, furnish and equip
library facilities in Bend, LaPine, Redmond
Sisters, and pay related costs. Bond maturity
would be up to fifteen years. The estimated tax
cost is 33 cents per thousand dollars assessed
value. The estimated tax cost for this measure is
an ESTIMATE ONLY based on the best information
available from the county assessor at the time of
estimate.
Section 5. Notice. The county clerk shall give notice of
the election as provided in the general election laws.
Section 6. Filing. Immediately following passage, this
Resolution shall be filed with the Deschutes County Clerk.
DATED this r"h day of , 1990.
T ST: (17
/WW2
ecording Secretary
2 - RESOLUTION 90 -009
BOARD OF COUNTY COMMISSIONERS
OF DESC TES COUNTY, OREGON
AltrAor :4 A5:
LOIS
1
TOM'TH OP,
D MA LI1OreLissioner
TOW P TE, Commissioner