2000-1050-Resolution No. 2000-091 Recorded 12/19/2000VOL: CJ2000 PAGE: 1050
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
*02000-1050 * Vol -Page Printed: 12/20/2000 14:52:37
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:
Dec. 19, 2000; 2:10 p.m.
Resolution (CJ)
NUMBER OF PAGES: 1
Lv�,to---, 0,-�
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
fr11CROf� MED
DEC 2 7 2000
KEYP HE
DEC 0 2000
R11r
LEC' L OUNSIL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY,' GON
A Resolution Declaring the County's Intent
to Issue Bonds to Reimburse the County for * a® DEC 19 pM 2: 10
Certain Expenditures for the Deschutes
County Fairgrounds Parking Expansion. COUNTY CLERK
RESOLUTION NO. 2000-091
WHEREAS, the County expects to make expenditures from its available funds to pay for the costs of
the Deschutes County Fairgrounds Parking Expansion (the "Project"); and
WHEREAS, the County reasonably expects to issue bonds (the "Reimbursement Bonds") and to use the
proceeds of the Reimbursement Bonds to reimburse the County for the expenditures it makes from its available
funds for the Project; and
WHEREAS, to permit interest on the Reimbursement Bonds 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 Bonds will not exceed
$1,500,000; 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 Bonds. This Resolution constitutes the County's
declaration of intent pursuant to the United States Treasury Regulation Section 1.150-2.
DATED this 13"' day of December, 2000.
BOARD OF COUNTY COMMISSIONERS FOR
DESCHUTES COUNTY, OREGON
Lmda L. Swearingen, Cliairi
Dennis R. Luke, Commissioner
Recording Secretary Tom DeWolf, Commissioner
PAGE 1 - RESOLUTION NO. 2000-091