1992-42802-Resolution No. 92-098 Recorded 12/16/1992p,,Lvj7CW[D
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BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES C I -OREGON -
A Resolution Establishing the * 92 DEC 16 pli, 0120-03572
Jail Construction Fund No. 2. * 4:39
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RESOLUTION NO. 92-098
WHEREAS, Deschutes County has proposed the construction and
authorization of obligations for a new Deschutes County
Correctional Facility ("Jail"); and
WHEREAS, funding for the Jail will be provided by general
obligation bonds; and
WHEREAS, the Board sold $7,000,000 General Obligation Bonds
dated December 1, 1992; and
WHEREAS, it is necessary to establish a special fund for this
issue to account for interest and to pay jail construction expenses
from this issue; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Jail Construction Fund No. 2 is hereby
established.
Section 2. That the Deschutes County Treasurer is directed to
deposit all monies received from the Series D 1992 General
Obligation Bonds and expenses in said fund.
Section 3. That the Treasurer is authorized and directed to
invest the amounts deposited in accordance with Section 2 of this
Resolution.
DATED this 16th day of December,
BOARD
OF DE
AT E N
1�46drding Secretiiiry D
1 - RESOLUTION NO. 92-098 (12/16/92)
992.
COUNTY COMMISSIONERS
TES COUNTY, OREGON
, commispioner
-umirman
K E
VE