1995-44157-Resolution No. 95-158 Recorded 12/21/1995a
r
BEFORE THE BOARD OF COUNTY COMMISSIONERS
ACTING AS THE GOVERNING
9-1-1 COUNTY SERVICE
FOR DESCHUTES
BODY OF THE
DISTR;(T;^ E
COUNTY, OREGON
Pri 2: 00
A Resolution Borrowing Money from
Deschutes County. * -
RESOLUTION NO. 95-158 0 14 8 17 0"1
WHEREAS, the Deschutes County 9-1-1 County Service District does
not have sufficient appropriation to pay the outstanding principal and
interest due and payable IBM Corporation for the cancellation of the
lease purchase agreement of two RISC 6000 computers which are being
sold to Benton County, Oregon; and
WHEREAS, it is necessary to borrow the amount of $35,310.00,
subject to the non -appropriation of funds, from Deschutes County in
order to meet the District's obligation as a result of the sale of the
computers and termination of the lease purchase agreement; now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS FOR DESCHUTES
COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE DESCHUTES COUNTY
9-1-1 COUNTY SERVICE DISTRICT as follows:
Section 1. That the Note attached hereto as Exhibit "A" is hereby
approved and the District is hereby authorized to borrow $35,310.00,
subject to non -appropriation of funds, in accordance with the terms of
the Note attached hereto.
DATED this 20th day of December, 1995.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
ACTING AS THE GOVERNING BODY OF
THE 9-1-1 COUNTY SERVICE DISTRICT
Y H'.
AT NANC.Y')POPE� 8 H
Recording Secretary ROpERT L. NIPPER
PAGE 1 - RESOLUTION 95-158 (12-20-95)
, Commiss
ssioner
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995
/'95
EXHIBIT "A"
0148-1702
PROMISSORY NOTE
Parties
Promisor: DESCHUTES COUNTY 9-1-1 COUNTY SERVICE DISTRICT, a
municipal corporation (District)
Promisee: DESCHUTES COUNTY, a political subdivision of the
State of Oregon (County)
Agreement. Deschutes County 9-1-1 County Service District,
a municipal corporation organized and operating under the laws of
the State of Oregon, Promisor, hereby promises to pay to
Deschutes County, a political subdivision of the State of Oregon,
the principal sum of Thirty -Five Thousand Three Hundred Ten and
No/100 Dollars ($35,310.00), together with interest at six
percent (6%) per annum from the date of this Note until paid.
The principal amount of this Note and the interest is due and
payable not later than November 30, 1996.
Promisor may prepay at any time without penalty.
Non -Appropriation. In the event sufficient funds shall not
be appropriated for the payment of the principal amount and
interest accruing under the terms of this Promissory Note, and if
District has no funds legally available for consideration from
other sources, then District may extend the term of this Note
from time to time until all principal and interest accruing is
paid in full. If the principal and interest accruing under this
1 - PROMISSORY NOTE
V
0148-1703
Note is not paid within five years from the date of the Note, the
Note and all obligations thereunder shall be cancelled.
DATED this 20th day of December, 1995.
PROMISOR: BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, ACTING
AS THE GOVERNING BODY OF THE
DESCHUTES COUNTY 911 COUNTY SERVICE
Ba ry H. S hter, hairman
ATTEST: Nancy Sc' angen, Commi ioner
Recording Secr tary Roboyt L. Nipper, CM=Issioner
2 - PROMISSORY NOTE