1997-15210-Resolution No. 97-038 Recorded 5/1/19979'7-15210
01.61-2312
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESC1 UTES COUNTY, OREGON
A Resolution Authorizing the Borrowing
of $175,000 By the Jail Bond/Public Safety * 97 M s Ami A'
Redemption Fund From the Public Safety Project * , : ;�, v`I _ .,;' `_
Fund, Providing for Repayment, and Directing
the County Treasurer to Make Appropriate Entries, * KEYP6N" CHER
RESOLUTION NO. 97-038 TRAY 0 2 1997,
WHEREAS, it is necessary that the Jail Bond/Public Safety Redemption Fund borrow
$175,000 to meet debt service payments for June 1, 1997; and
WHEREAS, the Public Safety Project Fund has sufficient resources to meet said payment
in the Jail Bond/Public Safety Redemption Fund; 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 authorized to transfer funds,
the aggregate not to exceed ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS
($175,000) from the Public Safety Project Fund to the Jail Bond/Public Safety Redemption Fund,
to be used for debt service payments June 1, 1997.
Section 2. Said loan is to be repaid to the Public Safety Project Fund immediately upon
receipt of sufficient cash within the Jail Bond/Public Safety Redemption Fund to allow
repayment, but, not later than November 30, 1997.
Section 3. That the Treasurer is hereby directed to make such entries in the records of the
County for the fiscal year 1996/97 as are necessary to reflect these transactions.
DATED this 30th day of April, 1997.
A T:
Recording Secretary
I - RESOLUTION NO. 97-038
BOARD OF COUNTY C MMISSIONERS
P#DESCHU� COUNJY, OREGON
NA P E S�HLANGE ,Chair ( I
t �J
R E L. NIPPER, Co ssioner
L DA L. SWEA EN, Commissioner
No1CROFII:P�IED