1995-36516-Resolution No. 95-133 Recorded 10/18/1995it-- t, :fCi•:'`:t
REVIEWED
95-36516
cr—
LCOUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
95 OCT 18 PM 2: 18
A Resolution Providing for the
issuance of "Reimbursement Bonds."
RESOLUTION NO. 95-133 0148-0335
WHEREAS, the Board of County Commissioners of Deschutes County,
Oregon (Board), anticipates the issuance of tax exempt obligations to
finance the construction of a Community Development Department building
(Project) to serve Deschutes County; and
WHEREAS, Deschutes County has authority to provide community
development services; and
WHEREAS, the Board may need to advance funds for the Project prior
to receipt of proceeds from the sale of County obligations; 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 tax exempt obligations
for the County and to reimburse the County for any expenditures made
for the Project; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. The County reasonably expects to issue bonds or other
obligations (Reimbursement Bonds) and to use the proceeds of the
Reimbursement Bonds to reimburse the County for the expenditures it
makes from its available funds for the Project.
Section 2. The County expects that the principal amount of the
Reimbursement Bonds will not exceed $2,500,000.
DATED this 18th day of October, 1995.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
�a "" It
H.' SAAUGHTER,XChairman
ATTEST: NANC Port s4lrLA14G, Commis i ner
Recording Secre ary ROJ3ERT L. NIPPER, doimnissioner
KE Ful i[D
1 - RESOLUTION 95-133 (10-18-95) oc 19 1995
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