2000-1008-Resolution No. 2000-083 Recorded 11/22/2000VOL: CJ2000 PAGE: 1008
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
*02000-1008 * Vol -Page Printed: 11/27/2000 08:54:14
DO NOT REMOVE THIS CERTIFICATE
(This certificate constitutes a part of the original instrument in accordance with
ORS 205.180(2). Removal of this certificate may invalidate this certificate and affect
the admissibility of the original instrument into evidence in any legal proceeding.)
I hereby certify that the attached instrument was received
and duly recorded in Deschutes County records:
DATE AND TIME:
DOCUMENT TYPE:
Nov. 22, 2000; 4:07 p.m.
Resolution (CJ)
NUMBER OF PAGES: 2
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
MIC�IeED
NOV 2 8 2000
KEY NC ED
NO 7 2000
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t:EV'"WED
IMSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUN
r-�
4
A Resolution Authorizing the Borrowing
of $648,000 by the New Neighborhood Fund (411)'
From the Community Development Reserve Fund (300)
-
For Repayment, and Directing the County Treasurer
to Make Appropriate Entries.
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T
RESOLUTION NO. 2000-083
WHEREAS, it is necessary that the New Neighborhood Fund borrow $648,000 to
cover the project expenses; and
WHEREAS, the Community Development Department Reserve Fund (300) has
sufficient resources to make a loan to the New Neighborhood Fund (411) in the amount of
$648,000; 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 FORTY-EIGHT THOUSAND
($648,000) from the Community Development Department Reserve Fund (300) to the New
Neighborhood Fund (411), to be used expenses.
Section 2. Said loan is to be repaid to the Community Development Department
Reserve Fund (300) in fiscal year 2000-01, immediately upon receipt of cash into the New
Neighborhood Fund (411), as a result of a transfer from the Project Development Fund
(440). In no event shall this loan be repaid later than June 30, 2001.
Section 3. Said loan will accrue interest expense at a rate of 6.0% to be paid in full
at the time of loan repayment.
Section 4. That the Treasurer is hereby directed to make such entries in the records
of the County for the fiscal year 2000-01 as are necessary to reflect these transactions.
DATED this 20`h day of November, 2000.
ATTEST:
BOARD OF COUNTY COMMIS
OF DESCHUTES COUNTY. 09
L.
R. Luke,
Recording Secretary Tom beWolf, Commi
DESCHUTES COUNTY ACCOUNTS PAYABLE VOUCHER
VENDOR #
7188
I I CHANGED VENDOR NAME
BUREAU OF LAND MANAGEMENT BLM
CHECK NO.
(CHANGED VENDOR ADDRESS
RETURN TO DEPT
TAX 10 X
FUND
DEPTIDIV
B.A.S.
ELEM
OBJ
PROJ
P.O.
INVOICE #
DESCRIPTION
$
411
3600
419
91
50
Purchase of BLM Property
648,000.00
For Establishment of the
New Neighborhood as per
the Regional Problem
Solving Project.
DEP" RTMENT PP
/,"/}'n���
DATE APPROVED
iww000
VOUCHER TOTAL
648,000.00
% °
WHITE - FINANCE COPY
YELLOW - DEPARTMENT COPY