1990-36798-Resolution No. 90-101 Recorded 12/7/1990105
90- 36'79+
1J
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON 1
A
IEVWMP
A Resolution Authorizing the
Execution and Delivery of
Agreements for the Lease
Purchase of a Computer and
Software in the Principal
Amount of $950,000.
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RESOLUTION NO. 90 -101
WHEREAS, minutes of a meeting of the Board of County Commissioners
(Board) of Deschutes County, Oregon, a political subdivision of the State
of Oregon (County), held at the Juvenile Justice Building on the 5th day of
December, 1990, pursuant to legal call therefor according to law; and
WHEREAS, there was present a quorum of the duly elected and qualified
Board of Commissioners; and
WHEREAS, it appearing to the Board that
to acquire through lease purchase a computer
WHEREAS, it appearing t the Board that
such Agreement pursuant to ORS 279.101; and
it is desirable for the County
system and software; and
it has authority to enter into
WHEREAS, the County has authority to enter into the
perform the actions contemplated by the Agreement; and
Agreement and to
WHEREAS, the following resolution, upon motion duly made and seconded
was unanimously adopted; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the County enter into a Municipal Lease Purchase
Agreement plus all schedules, exhibits and attachments thereto, with United
States National Bank of Oregon, as Lessor (Lessor) and this County as
Lessee covering the lease of computer system, software, installation and
incidental costs (Project). Said agreement being dated the 3rd day of
December, 1990, calling for rental amounts not exceeding in the aggregate
$950,000.00, plus interest at the rate of 7.790% per annum, such agreement
transacted under the provisions of ORS 279.101, and such agreement contain-
ing a provision indemnifying the Lessor against loss and expense incurred
as a result of interest income from the Lease becoming taxable, or incurred
as a result of the exclusion of any portion of interest paid by Lessor
which is currently deductible.
Section 2. That any one of the following persons Tom Throop, Chair,
and Michael A. Maier, Director of Administrative Services, are authorized
and empowered in the name of this corporation to execute and deliver to the
Lessor the above - described Municipal Lease Purchase Agreement together with
1 - RESOLUTION NO. 90 -101
DE[ C 's 1990
105- - 1364
all exhibits, schedules and attachments, and to take any other actions
necessary to secure appropriate financing for the Project.
Section 3. That this resolution shall constitute a continuing
authority to the designated person or persons to act on behalf of the
County, and the powers and authority granted herein shall continue until
revoked by the County, and formal written notice of such revocation shall
have been given to the Lessor.
Section 4. That the County covenants as follows regarding any federal
tax legislation which may apply to this Lease: the Lease is not a private
activity lease; the County does not reasonably expect to issue tax exempt
obligations exceeding $10 million during the calendar year; the County
designates the Lease as a qualified tax - exempt obligation for purposes of
the deduction for interest expense by financial institutions.
Section 5. That the Board of Commissioners be and hereby is autho-
rized and directed to deliver to Lessor a copy of this resolution, properly
certified by said Board.
Section 6. This certifies, that the undersigned is the Board of
Commissioners of the above named municipal corporation; that the foregoing
is a full, true and correct copy of this resolution unanimously passed by
the Board thereof at a meeting of said Board held on the day and the place
above specified, legally called and held, at which a quorum was present and
voting.
Section 7. I further certify that these are the specimen signatures
of those persons authorized to enter into this transaction on behalf of the
corporation. /�
DATED this . day of ,),/��//yt,/�.�i 1990.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
-LOIS TOW PRANTE, Commissioner
TOM' T air
Recording Secretary DICK MAUDLIN, Commissioner
APPROVED:
MICHAEL A. MAIER
Director of Administrative
Services
2 - RESOLUTION NO. 90 -101