1997-42970-Resolution No. 97-125 Recorded 11/13/19979'7-423
01:'3-1040
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the Borrowing 97
of $555,806.01 By the Jail Bond/Public Safety �d0r 3�
Redemption Fund From the Public Safety Project
Fund, Providing for Repayment, and Directing * 4;11 UL
t�la�
the County Treasurer to Make Appropriate Entries
RESOLUTION NO. 97-125
WHEREAS, it is necessary that the Jail Bond/Public Safety Redemption Fund borrow
$555,806.01 to meet debt service payments for December 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 FIVE HUNDRED FIFTY-FIVE THOUSAND EIGHT HUNDRED
SIX DOLLARS AND 01/100 ($555,806.01) from the Public Safety Project Fund to the Jail
Bond/Public Safety Redemption Fund, to be used for debt service payments December 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 June 30, 1998.
Section 3. That the Treasurer is hereby directed to make such entries in the records of the
County for the fiscal year 1997/98 as are necessary to reflect these transactions.
DATED this 12th day of November, 1997.
OF COUNTY COMMISSIONERS
DESCHMTI S COU)qTY, OREGON
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NAN E CHL NG , Chai j�^
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ATTEST: ;R02BR L. NIPPER, o issi ner
Recording Secretary LfINDA L. SWEA N-, ommissi
iYP C El"
NOV
1 - RESOLUTION NO. 97-125