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1996-40506-Resolution No. 96-137 Recorded 10/21/19969F -11W 0G BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Establishing the Fairgrounds Construction Fund and the Fairground Bonds 96 OCT 21 Phi 3: 20 Redemption Fund and Directing the County Treasurer to Invest Proceeds from Fairground * r ..t'i General Obligation Bonds. * Ct Itr< ER K RESOLUTION NO. 96-137 WHEREAS, Deschutes County has authorized the sale of $25,395,000 General Obligation bonds to construct a new county fairground; and WHEREAS, it is necessary to invest the bond proceeds; and WHEREAS, it is necessary to establish a special fund to account for revenues and appropriations for the construction of the new fairgrounds; and WHEREAS, it is necessary to establish a special fund to account for bond redemption for the new fairgrounds; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That the Deschutes County Treasurer is hereby directed to invest proceeds of the Deschutes County Fairgrounds General Obligation bonds. Section 2. That the Fairgrounds Construction Fund is hereby established. Section 3. That the Fairground Bonds Redemption Fund is hereby established. ATTEST: (— I L -�� M / /."&� Recording Secre -a y 1 - RESOLUTION NO. 96-137 BOARD OF COUNTY COMMISSIONERS OF DE CHUTES COUNTY, OREGON NANCY PO E S LAN EN, Chai BA . SLAUGHTER, Commissioner ROB RT L. NIPPER, i9ofamissioner