1998-23320-Resolution No. 98-037 Recorded 5/27/1998168 0 011 REVIEWED
98-2332®
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUN ,
A Resolution Authorizing the Borrowing
of $95,771 By the Fairgrounds Bond Redemption 98 MAY 27 PM 4: 09
Fund From the Fairgrounds Construction Fund MARY SUE
Providing for Repayment, and Directing the *�-(-��
COUPdTY CLERK
County Treasurer to Make Appropriate Entries
RESOLUTION NO. 98-037
WHEREAS, it is necessary that the Fairgrounds Bond Redemption Fund borrow $95,771 to meet
debt service payments for June 1, 1998; 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 NINETY-FIVE
THOUSAND SEVEN HUNDRED SEVENTY-ONE ($95,771) as a loan from the Fairgrounds
Construction Fund to the Fairgrounds Bond Redemption Fund, to be used for debt service payments from
the Fairgrounds Bond Redemption Fund due June 1, 1998.
Section 2. Said loan is to be repaid to the Fairgrounds Construction Fund prior to the close of the
1997-98 fiscal year.
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 27th day of May, 1998.
AT:
7" 66 . yl/_� tl' ,
Recording Secretary
1 - RESOLUTION NO. 98-037
BOARD OF COUNTY COMMISSIONERS
OF DFaSCHUTES COUNTY, OREGON
TL
L. SWEARIN
PAICROFII MED
JUN 1 19 8
missioner
KEYPIJ H D
JUN 1998