1995-25286-Resolution No. 95-095 Recorded 7/19/1995REVIEWED
0147-0749
95"25286 LE UNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS FOR DESCHUTES COUNTY, OREGON
ACTING AS THE GOVERNING BODY OF THE BEND LIBRARY COUNTY SERVICE DISTRICT
W Iii r PH 2: i3
A Resolution Providing for the Issuance of )
"Reimbursement Bonds" ) � t
Resolution No. q5-0:95
WHEREAS, this Board of County Commissioners also acts as the governing body of the Bend
Library County Service District (the "District") which has been authorized to issue bonds to finance the
construction and equipping of a library; and
WHEREAS, Deschutes County also has authority to construct and operate a library; and
WHEREAS, the County may need to advance funds for the library prior to receipt of bond
proceeds from the sale of District funds; and
WHEREAS, Section 1.103-18 of the Income Tax Regulations promulgated by the United
States Department of the Treasury requires this Board declare its official intent to issue bonds for the
District and to reimburse the County for any expenditures made for the library; now, therefore,
NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners for
Deschutes County, Oregon, as the governing body of the Bend County Library Service District as
follows:
The County reasonably expects to issue bonds or other obligations (the
"Reimbursement Bonds") as the governing body of the District and to use the proceeds
of the Reimbursement Bonds to reimburse the County for the expenditures it makes
from its available funds for the library.
2. The County expects that the principal amount of the Reimbursement Bonds will not
exceed $7,950,000
I�E1fR CHE�
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0147-0750
DATED this—Aday of 1995.
Board of County Commissioners of Deschutes
County, Oregon, acting as the governing body of
the Bend Library Coun Service District
ChaiirJ Barry 'laughter
ommis ner Nanc Pope Schlangen /
Co missioner Robert L. Ni per
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