1995-41616-Resolution No. 95-150 Recorded 11/30/1995REVIEWED
9541616
LEG COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
0145=1.4
A Resolution Providing for the * -•..
issuance of "Reimbursement Bonds."
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RESOLUTION NO. 95-150
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WHEREAS, the Board of County Commissioners of Deschtaes-ounty,
Oregon (Board), anticipates the issuance of tax exempt obli4atns to
finance the construction of Public Safety Facilities ( also kribwn as the
Public Safety Project) to serve Deschutes County; and
WHEREAS, Deschutes County has authority to provide public safety
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 29th day of November, 1995.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
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Recording Secreta y
1 - RESOLUTION 95-150 (11-29-95)
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E ACH7 ANGE, Commiss�
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T L. NIPPER, Comm sioner
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r'J;g V = 1995