1994-16465-Order No. 94-058 Recorded 4/21/1994REVIEWED
94-1646 LEG OUNSEL
BEFORE THE BOARD OF (COUNTY COMMISSIONERS OF DESCHUTES COUNTYlivOREGW
An Order Establishing the Redmond * Q
Building Reserve Fund. * 0135-1408 fi
i
ORDER NO. 94-058
-.: E5
WHEREAS, the Board has initiated by lease -purchase °r -a project
known as the Redmond Services Building; and
WHEREAS, it is necessary to establish a building reserve fund of
$50,000.00 as additional security for the transaction; now, therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. That the Redmond Services Building Reserve Fund be
hereby established.
Section 2. That the amount of $50,000.00 cash from the general
fund, consisting of a refund from the escrow account of the Unger
Building purchase offer, is pledged as security in accordance with the
lease -purchase financing of the Redmond Services Building set forth in
Deschutes County, Oregon Certificates of Participation, Series 1994A.
Section 3. That the Deschutes County Treasurer is authorized and
directed to invest the amounts deposited in the Redmond Services
Building Reserve Fund and account for interest earnings from such
investments within the general fund.
DATED this 20th day of April, 1994.
ATTEST:
Recording Secretary
BOARD OF COUNTY COMMISSIONERS
OF /PESCHUTES _OUNTY„ OREGON
NANCY PgPEISCH4ANGEN, Chair
TO THROOPI Commissioner
/&M" ;�/ �/' �P/-
BARRY W. SLAUGHTYR, Commissioner
�� 01994
1 - ORDER NO. 94-058 (4/20/94)