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