1999-143-Resolution No. 99-023 Recorded 3/26/1999VOL: CJ1999 PAGE: 143
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
I hereby certify that the attached instrument was
received and duly recorded in Deschutes County
records:
DATE AND TIME:
DOCUMENT TYPE:
Mar. 26, 1999; 8:11 a.m.
Resolution (CJ)
NUMBER OF PAGES: 3
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
*01999-143 *Vol -Page 03/26/1999 08:31:56
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
A Resolution Authorizing the Execution
and Delivery of an Equipment
Lease/Purchase Agreement, and
Related Instruments, and Determining
Other Matters in Connection Therewith.
99 41AR 26 Ali $:
SUP.
* COUNTY CLERK
RESOLUTION NO. 99-023
WHEREAS, the governing body of Deschutes County ("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.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF LESSEE AS
FOLLOWS:
Section 1. It is hereby found and determined 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. 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. 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.
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Section 4. 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.
Section 5. Lessee reasonably expects to reimburse the following original expenditure(s) with the
proceeds of a tax-exempt financing:
AMOUNT DESCRIPTION PAYEE
None
The project to which the original expenditure(s) relates can be generally described as 911
Emergency Services Equipment. 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 $850,000. 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 March 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 24th day of March, 1999.
ATTEST:
BOARD OF COUNTY COMMISSIONERS FOR
DESCHUTES COUNTY, OREGON
LINDA L. SWEARINJ3EN, Chair
Recording Secretary MNNIS R. LUKE,
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Lessee: Deschutes County
Equipment Lease/Purchase Agreement with LaSalle National Bank dated
as of March 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
24th day of March, 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 24th day of March, 1999.
4-�Tlaa'� 16j-L2"1z— -
BONNIE BAKER, Recording Secretary
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