1998-45757-Resolution No. 98-105 Recorded 9/10/1998KtVILALU
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98-45757 L AL OUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
169. 0951
A Resolution Declaring the County's Intent 9,8 SEP
I Q
to Issue Obligations to Reimburse the County * , � 9� 24
for Certain Expenditures. t Slue- r
RESOLUTION NO. 98-105 I r
WHEREAS, the County expects to make expenditures from its available funds to pay for the
costs of the new Health and Human Services Building, and the Elizabeth Johnson Community Campus
(the "Project"); and
WHEREAS, the County reasonably expects to issue obligations (the "Reimbursement
Obligations") and to use the proceeds of the Reimbursement Obligations to reimburse the County for
the expenditures it makes from its available funds for the Project; and
WHEREAS, to permit interest on the Reimbursement Obligations to be excludable from gross
income, the Internal Revenue Code of the United States requires that the County declare its intent to
reimburse itself from Reimbursement Bond proceeds within 60 days after the expenditures are made;
and
WHEREAS, the County expects that the principal amount of the Reimbursement Obligations
will not exceed $2,000,000; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. Deschutes County intends to reimburse all or a portion of the expenditures it
makes for the Project with the proceeds of the Reimbursement Obligations.
DATED this __q_ day of_A, 1998.
ATTEST:
Recording Secretary
PAGE I -RESOLUTION NO. 98-105
BOARD OF COUNTY COMMISSIONERS FOR
DESCHUTES COUNTY, OPgEGON
NANCY -P, / Py SC$LAN6EN, Chair
RCl'$ERT L. NIPPER, C46igussioner
LINDA L. SWEARINGEN, Commissioner
MICRO MED OCT19
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