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1996-15936-Resolution No. 96-058 Recorded 5/2/1996REVIEWED LEGAL CrlI 96-15936 ,ll.)lL BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Calling a Special Election To Submit to the Voters the Question of Issuing General Obligation Bonds jL U V-3 in an Amount of Not More than $25,395,000 to Finance the Construction, Equipping, Furnishing and Relocation of the County Fairgrounds. J, RESOLUTION NO. 96-058 WHEREAS, the Board of Commissioners of Deschutes County, Oregon (the "County"), has determined that there is a need to finance the construction, equipping, furnishing and relocation of the County Fairgrounds; and WHEREAS, the costs are estimated to be $25,395,000, all of which are costs of capital construction or improvements or costs of issuing bonds; now, therefore, BE IT RESOLVED, by the Board of Commissioners of Deschutes County, Oregon, that: A. A special election is hereby called for the purpose of submitting to the qualified voters of the County the question of contracting a general obligation bonded indebtedness in the name of the County in a sum not to exceed $25,395,000. Bond proceeds will be used to finance the construction, equipping, furnishing and relocation of the County Fairgrounds. The bonds shall mature over a period of not more than 30 years. B. The special election hereby called shall be held in the County on September 17, 1996. C. The County Administrator shall cause to be delivered to the Election Officer of Deschutes County, Oregon the attached Notice of Bond Election, not later than 61 days prior to the election. The Election Officer is requested to give the electorate of the County notice that the election shall be conducted by mail pursuant to Oregon law. MICROFILMED . 1 ' •'N,, MAY 05 1996 Page 1 -Resolution J:\RDR\DESCHUTE.CO\FAIR.96\RES-ELEC.DOC April 26, 1996 0154-1586 ADOPTED by the Board of Commissioners of Deschutes County, Oregon on this 1 st day of May, 1996. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON Attest: 1 Recording Secretary Page 2 - Resolution 7 \RDR\DESCHUTE.CO\FAIR 96 RESAEi 26�D9 6 NOTICE OF BOND ELECTION 11 —1E-1 8 " Deschutes County, Oregon NOTICE IS HEREBY GIVEN that on September 17, 1996, an election will be held in Deschutes County, Oregon. The following question will be submitted to the qualified voters thereof: DESCHUTES COUNTY CAPTION: GENERAL OBLIGATION FAIRGROUNDS BONDS QUESTION: Shall the County be authorized to contract a general obligation bonded indebtedness in an amount not to exceed $25,395,000? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of Article XI, Section 1 lb of the Oregon Constitution. PURPOSE: This measure authorizes the County to issue general obligation bonds in an amount not to exceed $25,395,000. Bond proceeds will be used to finance the construction, equipping, furnishing and relocation of the County Fairgrounds. The bonds shall mature over a period of not more than 30 years. 3\RDR\DESCHUTE.CO\FAIR.96\RES-ELEC.DOC April 26, 1996 ReV8/20/92 ORS 254.00995 SEL 801NOTICE OF COUNTY MEASURE ELECTION ORS 250. Re4.8/5 Decchutec Countypp (Name of county) 0154-1588 Notice is hereby given that on Tuesday September 17, 1996 (Day of week) (Date of election) a measure election will be held in Deschutes County County, Oregon. (Name of county) The county clerk has advised us (SELECT ONE): ❑ The election will be conducted at the polls. The polls will be open from 7:00 a.m. to 8:00 p.m. x❑ The election will be conducted by mail. The following shall be the ballot title of the measure to be submitted to the county's voters on this date: CAPTION (10 Words) %.0 rn GENERAL OBLIGATION FAIRGROUNDS BONDS T QUESTION (b0 Words) all the County a authorized to contract a general obligation bonded indebtedness in an amount not-io eibaed $25,395,000? If the bonds are approved, they will be payable from taxes on property or property ownership that are, not subject to the limits of Article XI, Section llb of the Oregon Constitution. *SUMMARY cn Cn This measure authorizes the County to issue general obligation bonds in an amount not to exceed $25,395,000. Bond proceeds will be used to finance the construction, equipping, furnishing and relocation of the County Fairgrounds. The bonds shall mature over a period of not more than 30 years. The llowing auto ' ed co official hereby certifies the above ballot title is true and complete. C Signature of aurized my official (not required to notarized) Date signe Nan Poe hlan en Chair, Board of Commissioners Printed name o uthorized county official Title *1. For measure authorizing tax levy or establishing new tax base: Concise and impartial statement of not more than 175 words, explaining chief purpose of the measure and giving reasons for the measure. ORS 310.390. Additional statement required by ORS 310.395 shall not be included in word count. *2. For any other measure: Concise and impartial statement of not more than 85 words, summarizing the measure and its major effect. Content meets requirements of ORS 250.035, 250.039 and 250.041.