1993-23573-Resolution No. 93-069 Recorded 7/7/1993BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Establishing
the LaPine Industrial Site
Fund.
93-235'73
RESOLUTION NO. 93-069
012'7=0430
WHEREAS, Deschutes County founded and developed an industrial
site in the LaPine area, with the expressed intent of creating
stable and diverse employment opportunities in the LaPine area; and
WHEREAS, Deschutes County contemplates an eventual transfer of
management of the LaPine Industrial Site to an appropriate
municipal agency; and
WHEREAS, funding for the LaPine Industrial Site ("Site") will
be provided by the existing contract payments along with future
land sales and/or leases of County owned real properties within the
Site; and
WHEREAS, the Board has adopted the budget for the LaPine
Industrial Site with a beginning cash balance of $51,000.00 to be
transferred from the Industrial Development Revolving Fund (78-27)
for the 1993-94 Fiscal Year; and
WHEREAS, it is necessary to establish a separate fund for this
project to account for payments received and to pay expenses; now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the LaPine Industrial Site Fund is hereby
established.
Section 2. That the Deschutes County Treasurer is directed to
transfer funds in the amount of $51,000.00 from the Industrial
Development Revolving Fund (78-27) representing revenues derived
from the LaPine Industrial Site, to the established fund for the
LaPine Industrial Site (79-27).
Section 3. That the Deschutes County Treasurer is directed to
deposit all monies received from the contract payments and leases
from the sale or lease of real properties within the LaPine
Industrial Site and to pay all expenses incurred from said fund.
MICROFILMED J14cl
RESOLUTION NO. 93-069 ( )7/7/93 JUL3993
i
0127-0431
Section 4. That the Treasurer is authorized and directed to
invest the amounts deposited in accordance with Section 2 and 3 of
this Resolution.
DATED this '7M day of , 1993.
BOARD OF UNTY COMMISSIONERS
OF DESC; ES COUNTY, OREGON
AT S NAN P
i
Recording Secretary BARRY H
2 - RESOLUTION NO. 93-069 (7/7/93)
SEN, CCommissidh
Commissioner