1997-19698-Resolution No. 97-059 Recorded 6/5/199797-19698 0162-0110
LEGA CUUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES 01UNTY, OREGON
A Resolution Authorizing the Borrowing
of $55,000 By the Bend Library CSD
Redemption Fund From the Bend Library CSD
Construction Fund, Providing for Repayment,
and Directing the County Treasurer to Make
Appropriate Entries
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-UF "NHOLLOW*
. 1 CLERK
*
RESOLUTION NO. 97-059
WHEREAS, it is necessary that the Bend Library CSD Redemption Fund borrow $55,000
to meet debt service payments for June 1, 1997; and
WHEREAS, the Bend Library CSD Construction Fund has sufficient resources to meet
said payment in the Bend Library CSD Redemption Fund; now, therefore,
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DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Treasurer is hereby authorized to transfer funds,
the aggregate not to exceed FIFTY-FIVE THOUSAND DOLLARS ($55,000) from the Bend
Library CSD Construction Fund to the Bend Library CSD Redemption Fund, to be used for debt
service payments June 1, 1997.
Section 2. Said loan is to be repaid to the Bend Library CSD Construction Fund in fiscal
year 1997-98 immediately upon receipt of sufficient cash within the Bend Library CSD
Redemption Fund to allow repayment.
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 2nd day of June, 1997.
BOARD OF COUNTY COMMISSIONERS
DES
AN
A T: RO
Recording Secretary
I - RESOLUTION NO. 97-059
S COUNTY, OREGON
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AL. S
, Commissioner
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