1997-42971-Resolution No. 97-145 Recorded 11/13/19979'7-429'71
0163-1041
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the Borrowing 97 NOV 13 PM 3. 56
of $691,048.52 By the Fairgrounds Bond
Redemption Fund From the Fairgrounds 1
Construction Fund, Providing for Repayment, * rr; _,; 'f" f_r P
and Directing the County Treasurer to Make
Appropriate Entries
RESOLUTION NO. 97-145
WHEREAS, it is necessary that the Fairgrounds Bond Redemption Fund borrow
$691,048.52 to meet debt service payments for December 1, 1997; and
WHEREAS, the Fairgrounds Construction Fund has sufficient resources to meet said
payment in the Fairgrounds Bond 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 SIX HUNDRED NINETY-ONE THOUSAND FORTY-EIGHT
DOLLARS AND 52/100 ($691,048.52) from the Fairgrounds Construction Fund to the
Fairgrounds Bond Redemption Fund, to be used for debt service payments December 1, 1997.
Section 2. Said loan is to be repaid to the Fairgrounds Construction Fund immediately
upon receipt of sufficient cash within the Fairgrounds Bond 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.
ATTEST:
Recording Secretary
1 - RESOLUTION NO. 97-145
BOW OF COUNTY
O"ESCHUFES COL
ANC
L. NIPPER,
[MISSIONERS
,OREGON
GF,1N, Chair
TDA L. SWEARINGEN, Commission, F PHi=1
'1997