1995-15529-Order No. 95-084 Recorded 5/11/1995REVIEWED
95-1 5529
LEGAL COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
Establishing the Retirement *�;
Reserve Fund and Ordering 95
Investments.E�a;w3t+ i z.
C 0NIT CLARK
ORDER NO. 95-084 0146_0209
WHEREAS, pursuant to Section 3 of Ordinance No. 94-060, the Board
of County Commissioners has set aside funds which represent the amount
that the County would have contributed for certain employee
contributions but for the passage of ballot measure 8 at the November,
1994, general election; and
WHEREAS, pursuant to Section 3 of Ordinance No. 94-060, it is
necessary to set up a special fund to account for such funds; now
therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. There is hereby established the Retirement Reserve
Fund which shall receive all amounts set aside pursuant to Section 3 of
Ordinance No. 94-060.
Section 2. All funds contributed to the Retirement Reserve Fund
pursuant to Ordinance No. 94-060 shall be invested as of the date the
funds are transferred to the fund.
Section 3. This order is effective January 31, 1995.
Section 4. This fund shall continue until the conditions set
forth in Ordinance No. 94-060 have occurred.
DATED this� day of May, 1995.
ATT T:
Recording Secr tary
PAGE 1 - ORDER NO. 95-084
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES C TY, OREGON
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