1999-88-Resolution No. 99-014 Recorded 2/25/1999VOL: CJ1999 PAGE: 88
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
I hereby certify that the attached instrument was
received and duly recorded4n Deschutes County
records:
DATE AND TIME:
DOCUMENT TYPE:
Feb. 25, 1999; 10:01 a.m.
Resolution (CJ)
..
NUMBER OF PAGES: 3
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
*01999-88 *Vol -Page 03/09/1999 09:01:33
MAR 10 199r
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the Execution *
3,
and Delivery of an Equipment
Lease/Purchase Agreement, and *
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Related Instruments, and Determining *
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Other Matters in Connection Therewith. *
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RESOLUTION NO. 99-014
WHEREAS, the governing body of Deschutes County, a political subdivision of the State of
Oregon, ("Lessee") has determined that a true and very real need exists for the Equipment (the
"Equipment") described in the proposed Equipment Lease/Purchase Agreement (the "Agreement") by and
between LaSalle National Bank, as lessor, and Lessee, as lessee, presented to this meeting; and
WHEREAS, Lessee has taken the necessary steps, including those relating to any applicable
legal bidding requirements, to arrange for the acquisition of the Equipment; and
WHEREAS, Lessee reasonably anticipates that it and its subordinate units will not issue tax-
exempt obligations in the face amount of more than $10,000,000 during the current calendar year; and
WHEREAS, Lessee proposes to enter into the Agreement with LaSalle National Bank
substantially in the proposed form presented to this meeting.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the terms of the Agreement in the form presented to this meeting and
incorporated in this resolution, are in the best interests of Lessee for the acquisition of the Equipment.
Section 2. That the Agreement is hereby approved. The Finance Director of Lessee and any
other officer of Lessee who shall have power to execute contracts on behalf of Lessee be, and each of
them hereby is, authorized to execute, acknowledge and deliver the Agreement with any changes,
insertions and omissions therein as may be approved by the officers who execute the Agreement, such
approval to be conclusively evidenced by such execution and delivery of the Agreement. The Finance
Director of Lessee and any other officer of Lessee who shall have power to do so be, and each of them
hereby is, authorized to affix the official seal of Lessee to the Agreement and attest the same.
Section 3. That the proper officers of Lessee be, and each of them hereby is, authorized and
directed to execute and deliver any and all papers, instruments, opinions, certificates, affidavits and
other documents and to do or cause to be done any and all other acts and things necessary or proper for
carrying out this resolution and the Agreement.
PAGE 1 - RESOLUTION No. 99-014 - (2/22/99)
Section 4. That Lessee hereby designates the Agreement as a "qualified tax-exempt obligation"
within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.
The project to which the original expenditure(s) relates can be generally described as
Equipment lease/purchase. The original expenditure(s) will be made from Lessee's general operating
account. The maximum principal amount of the obligations expected to be issued for the project is
$247,000. This resolution is being entered into on or before, or not later than 60 days after, the date on
which the original expenditure(s) to be reimbursed will or have been paid. This resolution is intended
to be a declaration of official intent within the meaning of Treasury Regulations Section 1.150-2.
The undersigned further certifies that the above resolution has not been repealed or amended
and remains in full force and effect and further certifies that the Equipment Lease/Purchase Agreement
dated as of February 26, 1999, by and between LaSalle National Bank, as lessor, and Lessee, as lessee,
is the same as presented at said meeting of the governing body of Lessee, excepting only such changes,
insertions and omissions as shall have been approved by the officers who executed the same.
DATED this 22. day of '1999.
ATTEST:
(] � , 20, )__N� t
Recording Secretary
BOARD OF COUNTY COMMISSIONERS FOR
DESCHUTES COUNTY, OREGON
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PAGE 2 - REsoLunoN No. 99-014 - (2/22/99)
REVIEWED
3
s• COUNSEL
EXTRACT OF MINUTES ""
Lessee: Deschutes County, Oregon
Equipment Lease/Purchase Agreement with LaSalle National Bank dated
as of February 26, 1999.
At a duly called meeting of the governing body of Lessee held in
accordance with all applicable legal requirements, including open meeting laws, on the
22nd day of February, 1999, the following resolution was introduced and adopted:
RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY
OF AN EQUIPMENT LEASE/PURCHASE AGREEMENT, AND
RELATED INSTRUMENTS, AND DETERMINING OTHER
MATTERS IN CONNECTION THEREWITH
DATED this 22nd day of February, 1999.
ANITA MUTC4, Re or4ding Secretary
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