2001-5-Order No. 2000-126 Recorded 12/29/2000VOL: CJ2001 PAGE: 5 RECORDED DOCUMENT STATE OF OREGON COUNTY OF DESCHUTES *02001-5 * Vol -Page Printed: 01/17/2001 08:37:36 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. 29, 2000; 8:04 a.m. Order (CJ) NUMBER OF PAGES: 20 V.." 0'.. 0,-/-� Tf�OED JAN 2001 MARY SUE PENHOLLOW DESCHUTES COUNTY CLERK MICROFILMED tel.✓` JAN '17 2001 a 1 Counsel BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNT , OREGON An Order Accepting a Petition for Annexation * 00 DEC 29 AM 8: 04 of Territory into Deschutes County Rural Fire Protection District #2 and Setting a Hearing Date I - ( i"Y (Jacobsen Annexation). * COUNTY CLERK ORDER NO. 2000-126 WHEREAS, a petition requesting annexation of certain territory into the Deschutes County Rural Fire Protection District #2 has been duly filed with the County, a copy of which petition is attached hereto as Exhibit A and by this reference incorporated herein; and WHEREAS, the Deschutes County Assessor's Office has verified that the annexation petition was signed by 100 percent of the real property owners within the area to be annexed; and. WHEREAS, a public hearing is required to consider the petition and notice of that hearing must be provided in accordance with ORS 198.857; now, therefore, THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ORDERS as follows: Section 1. That a hearing on the annexation petition be held on February 7, 2001, which petition may be referred to as the "Jacobsen Annexation." Section 2. That a notice in a form consistent with that set forth in Exhibit B, attached hereto and by this reference incorporated herein be provided in accordance with ORS 198.800(2). DATED this 27`h day of December, 2000. ATTEST: BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, GON L. SWAIZINGEN, Chair R. L Recording Secretary TOM DEWOLF, 1- ORDER No. 2000-126 (12/27/2000) S:\LEcAL\BO00 ORDER5\2000 ORDERS\2000-126 - JACOBSEN ANNEXATION RFDM2.u0C EXHIBIT `B" NOTICE OF PUBLIC HEARING BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A public hearing regarding a proposed annexation to Deschutes County Rural Fire Protection District No. 2 will be held on Wednesday, February 7, 2001, at 10:00 a.m. in the Board of County Commissioners' Hearing Room, Administration Building, 1130 NW Harriman Street, Bend, Oregon. The boundaries of the proposed annexation are as specified in Exhibit 1, attached hereto and by this reference incorporated herein. The proposed annexation shall be referred to as the "Jacobsen Annexation." The purpose of the proposed annexation is to provide fire protection services for the inhabitants of the proposed area to be annexed. All interested persons may appear and be heard. The meeting location is wheel chair accessible. For the deaf or hard of hearing, an interpreter or assistive listening system will be provided with 48 hours notice. Materials in alternate formats may be made available with 48 hours notice. To arrange for these services or for more information, please contact Bonnie Baker at 541-388-6572. For hearing impaired, call TDD 541-385-3203. To be published in TheBulletin: To be posted: BOARD OF COUNTY COMMISSIONERS FOR DESCHUTES COUNTY, OREGON LINDA L. S WEARINGEN, Chair January 17 and January 24, 2001 January 17, 2001 &UMAUBOCC ORDERM2000 ORDERS\2000-126. JACOBSEN ANNFXA71ON RFD#2.DOC EXHIBIT 1 Annexation into Deschutes County Rural Fire Protection District #2 Jacobsen Annexation Legal Description 18-14-7 Tax Lots 400, 401 and 200 Tax Lots #400, and #401, property described as: Parcel 1 and 2of Partition Plat No. 1998.31 filed June 26,1998 and being a replat of Lots 1, 3 and a portion of Lot 2, GERHARDTLAND ESTATES, located In Section 7, TOWNSHIP 18 SOUTH, RANGE 14, EAST OF THE WILLAMETTE MERIDIAN, Deschutes County, Oregon. Tax Lot #200, property described as: A portion of Lot 2, GERHARTLAND ESTATES, located In Section Seven (7), TOWNSHIP EIGHTEEN (18) SOUTH, RANGE FOURTEEN (14), EAST OF THE WILLAMETTE MERIDIAN, Deschutes County, Oregon and being more particularly described as follows: Beginning at a point on the Northerly right of way of Dodds Road, with said point being located South 860 45'19" East 411.04 feet from the West One -Quarter (WIA) of said Section 7; thence North 000'35'19" East, 510.75 feet; thence East 1574.24 feet to a point 10.00 feet Southeasterly of the centerline of an existing dirt road; thence running parallel to, and 10.00 feet from said centerline, 86.43 feet along the arc of a 119:88 foot radius curve left, of which the chord bears South 390 34' 43" West 84.57 feet; and 194.81 feet along the arc of a 311.02 foot radius curve left, of which the chord bears South 000 58' 47" West 191.64 feet; and 94.20 feet along the arc of a 57.90 foot radius curve right, of which the chord bears South 29° 38'41* West 84.15 feet; and South 76° 15' 29" West 116.52 feet; and 102.64. feet along the arc of a 164.36 foot radius curve left, of which the chord bears South 58° 22' 03" West 100.98 feet; and South 170 02' 34" West 69.05 feet; and South 100 22' 51" East 198.65 feet, and 101.75 feet along the arc of a 160.00 foot radius curve right, of which the chord bears South 070 50' 15" West 100.04 feet; and South 260 03' 20" West 50.32 feet to the Northerly right of way of Dodds Road; thence along said right of way North 580 32' 41" West 162.84 feet; and 347.57 feet along the arc of.a 832.52 foot radius curve left, of which the chord bears North 700 30' 18" West 345.05 feet; and North 82° 27' 54" West 804.13 feet to the point of beginning. S:UzOALWOCC ORDS W2000 ORDMt.S12000.126 - JACOBSEN ANNEXATION RFDR2.DOC "I'll, I December 20, 2000 MEMO TO: Kamie Liston, Legal Counsel FROM: Helen Sherman, Administrative Supervisor RE: Annexation to Rural Fire Protection District #2 Jacobsen Petition Assessor's Office 1340 N.W. Wali, Bend, Oregon 97701 (541) 3BB-6508 Kim Worrell, Deschutes County Assessor The signature on the attached petition for annexation do meets the requirements of ORS 198.755. Please call me if you have any further questions. HS/pf/counsel.memol To: PETITION TO ANNEX PROPERTY TO RURAL FIRE PROTECTION DISTRICT #2 The Board of County Commissioners Deschutes County, Oregon . The undersigned, in support of this Petition, state as follows: 1. This Petition for Annexation is filed pursuant to ORS 198.705 to 198.955. 2. This annexation Petition affects only Deschutes County and Rural Fire Protection District #2. 3. The principal act for R.F.P.D. #2 is ORS 478.0-01, et seq. 4.7he territory that is subject to this Petition for Annexation is primarily inhabited. The attached petitions in support of this annexation are signed by land owners and registered voters in the area proposed to be annexed as indicated opposite their respective signatures, and that all signatures were obtained on or after the Loday of2000 5. It is requested that the proceedings be taken for the annexation of said territory to Rural Fire Protection District #2, Deschutes County, Oregon. A description of the boundaries of the territory to be annexed is attached hereto and marked Exhibit "A". 6. That said petition has been signed by 15 percent of the electors, or 100 electors whichever number is lesser, or 15 owners or owners of 10 percent of the land, (whichever is greater) within the area proposed to be annexed. DATED this _ day of 2000 NAME: ffdtN14-- J"aS440 NAME: ADDRESS: :F o go & eSDS ADDRESS: Dr-„ 9770 PHONE: %lig%" oSo2. PHONE: Approved by the Board of Directors of Deschutes County Rural Fire Protection District #2.this _ day of 120,00 Approved by City of Bend Board of Directors r �Zw.� Ria Real R84•E R$1 al E$E E$8. C R O v R a �v R O >, a ;,,'a Y; O� >. a t Rat., a, a co R O b. >, a . --3 h � 1 L , z Z z � � a ((o) .91'Lc9Z o } d \ r d ] .cv.s 1.00 N . $ 7n a is (►1) .OL'LC9Z �r+ y h 3..fc,91.00 N h �,^� �° y d g d (0) ,99'91cl �M1) S9'91c1 a �� = C _ (o) .99'91(1 00 .S9'91c1 z 1v °C o,!.� oc d d o it i W d �. �.. W e r V fL ,( (0).Out l' ov 1 0 0 d -- A o N ~ AN 6 V% ��� ., p tT d4 is p0 .SZ'IS9 23 . '►•� j ' ►�) .si'iCt : I �. ,.+'�� *cur 66'909L ��13OCIfC.a SZOCI .1c.1C.00N \ t ' HN / z � ��� +� .. J, � � � ?gyp• Id's f (w) .60'09 Utl .. 42C 1 1 0 ZL 49Z1 1 V► (sin .9c'LtSZ +r J � s64j"8 to pso8 ' 1 ,? Q ell i100 M91/1 AD 01 MI .90'si9L ] .LO,SC.00 N f !2 A C, CO clp 0 Ste mop 4 IS 12 0 C, See MOP 18 14 EXHIBIT "A" Name: F12�°t�,ic J prevss�� Address: 24 -ISO Dt t't) S FD B -OND CO! . q-1701 Fb ?XX 89�b MVF3�. ECIC_ Q-7-706 Tax Lot Number: I $, 14, 7 "': 400 Property described as: Parcel 1 of Partition Plat No. 1998.31 filed June 26,1998 and being a replat of Lots 1, 3 and a portion of Lot 2, GERHARDTLAND ESTATES, located in Section 7, TOWNSHIP 18 SOUTH, RANGE 14, EAST OF THE WILLAMETTE MERIDIAN, Deschutes County, Oregon. EXHIBIT '5' Name: F1z�v__ 1)ACv SF5t1J Address: Zq-S?14 -Dp�S Ro.J� M. �17�D F0 5cv, M05 M • 9770e, Tax Lot Number: i'o - 14 - % 40 Property described as: Parcel 2of Partition Plat No. 1998-31 filed June 26,1998 and being a replat of Lots 1, 3 and a portion of Lot 2, GERHARDTLAND ESTATES, located In Section 7, TOWNSHIP 18 SOUTH, RANGE 14, EAST OF THE WILLAMETTE MERIDIAN, Deschutes County, Oregon. EXHIBIT V' Name: Co►s5T2uc�-rOnl ,�N►� J ._ C t�Prv�.—t1"F 17NC�, Address: 'FO 750 $SOS —501�y> Of— TaxLot Number: Property described as: A portion of Lot 2, GERHARTLAND ESTATES, located in Section Seven (7), TOWNSHIP EIGHTEEN (18) SOUTH, RANGE FOURTEEN (14), EAST OF THE WILLAMETTE MERIDIAN, Deschutes County, Oregon and being more particularly described as follows: Beginning at a point on the Northerly right of way of Dodds Road, with said point being located South 860 45' 19" East 411.04 feet from the West One -Quarter (W1/4) of said Section 7; thence North 000 35' 19" East, 510.75 feet; thence East 1574.24 feet to a point 10.00 feet Southeasterly of the centerline of an existing dirt road; thence running parallel to, and 10.00 feet from said centerline, 86.43 feet: along the arc of a 119.88 foot radius curve left, of which the chord bears South 390 34' 43" West 84.57 feet; and 194.81 feet along the arc of a 311.02 foot radius curve left, of which the chord bears South 000 58' 47" West 191.64 feet; and 94.20 feet along the arc of a 57.90 foot radius curve right, of which the chord bears South 290 38' 41" West 84.15 feet; and South 76° 15' 29" West 116.52 feet; and 102.64. feet along the arc of a 164.36 foot radius curve left, of which the chord bears South 580 22'03" West 100.98 feet; and South 170 02' 34" West 69.05 feet; and South 100 22' 51" East 198.65 feet; and 101.75 feet along the arc of a 160.00 foot radius curve right, of which the chord bears South 070 50' 15" West 100.04 feet; and South 260 03'20" West 50.32 feet to the Northerly right of way of Dodds Road; thence along said right of way North 580 32' 41" West 162.84 feet; and 347.57 feet along the arc of a 832.52 foot radius curve left, of which the chord bears North 700 30' 18" West 345.05 feet; and North 820 27' 54" West 804.13 feet to the point of beginning. ".. 07/01/1999. to 06/30/2000 Real PROPERTY TAX STATEMENT , . ,1MESCHUTES .COUNTY,; Urego Serials f wmaT:l .St... Code 1-004. r, .1.340 P 0 Box 755.9 ACCount: 18140700.6400 Bend, OR 97708-7559 Class: 551 ACres`:.170.32 GERHARTLAND ESTATES -1,3,& PT 2 JACOBSEN, FRANK V E •S D JACOBSEN,ELIZABETH M C 0 C C .109..63 PO BOX 8508 SCHL DIST #1 BEND OR 97.708.. *** EDUCATION TOTAL: DESCHUTES COUNTY 205'.88 VALUES: LAST YEAR THIS YEAR SHERIFF •(CNTY) 197..92. DESCHUTES CO LIBRARY -97.19 Assessed Value.(AV) 911 Total AV 15,350 208,795. CNTY EXT 4H DIST _ 3.96 Exemption *** GENERAL GOVERNMENT TOTAL: 53.3..51, Net Assessed Value 15,350. 208,795 DESCHUTES COUNTY 78`:64 Taxable BEND.'LIBRARY CSD -23,..86 Assessed Value'..; 13,216 176,'70 C 0 C- C - : .2.2..78 41 BONDS 92.& 93 144;'87 #1 BONDS"98 152':09 *** BONDS - OTHER, TOTALS 422'.24 Value questions - Assessor, 541T388-6508' Billing questions - Tax'Office,`541-388-6540 1999-2000 GROSS PROPERTY TAX 1,'924.27 TOTAL TAXES (before"dis.count). , 1, 92:4 27. Full Payment 2/3 Payment1/3 Payment 3t Discount , 2V Discount.) NO Discount 1,866.54 1,257.19 641.42 Tear Here PLEASE RETURN THIS PORTION WITH YOUR PAYMENT Tear Here 1999-2000 Property:Taxes DESCHUTES COUNTY, Oregon Real Serial -181,844 FULL PAYMENT ENCLOSED ............ DUE: 11/15/99. 1,866.54 or. 2/3 PAYMENT!:ENCLOSED DUE: 11/15/99 1;257.19 or 1/3 PAYMENT ENCLOSED DUE: 11/15/99 641,2 DISCOUNT IS LOST & INTEREST -APPLIES AFTER DUE DATE Enter Payment•Amount Mailing address change on back JACOBSEN,FRANK V JACOBSEN,ELIZABETH M PO BOX 8508 BEND OR 97708 1 0453.0084 /9ev. 1-99) 5 Make Payment To: DESCHUTES COUNTY TAX COLLECTOR 1340 NW Wall St P 0 Box 7559 Bend, OR 97708-7559 541-388-6540 Full Payment 2/3 Payment 3V Discount 12V Discount 9zG7 11 AAR, Cr, Make Payment To: DESCHUTES COUNTY TAX COLLECTOR 1340 NW Wall St JACOBSEN,FRANK V P 0 Box 7559 JACOBSEN,ELIZABETH M Bend, OR 97708-7559 PO BOX 8508 541-388-6540 BEND OR 97708 150.553.00D -I %A 07/01/1999 .to 06/30/2000 Real. PROPERTY TAX STATEMENT . 1340 NW Wali. St. Code 1=004 ti, P 0 Box 7559 # Account. 1814070000401, Bend,.OR 97708-7559 Class: 551. Acres. JACOBSEN,FRANK V E S D. 6.04 JACOBSEN,ELIZABETH M C.0 C C 38r;-89 PO BOX 8508 SCHL DIST #1 298:64 BEND OR'97708 *.** EDUCATION TOTAL: 34;:;57 DESCHUTM COUNTY 73`:03 VALUES: LAST -YEAR THIS YEAR SHERIFF (CNTY) 70:21 DESCHUTES CO LIBRARY,.: ;.34.48 Total RMV 75,125 911 10.13 Exemption CNTY EXT 4H DIST 1r40 Net Value 75,125 *** GENERAL GOVERNMENT TOTAL:. 189.25 Taxable DESCHUTES COUNTY ,27:89 Assessed Value 62,685 BEND LIBRARY CSD C. 0`1 C C 8`:08 #.1. BONDS- 92' & 93 51::39 #1 BONDS 98 '53.95. Value questions - Assessor, '541-388-6508 *** BONDS - OTHER TOTAL: "14.9.77 Billing questions- Tax Office, :541-388-6540 1999-2000 GROSS PROPERTY TAX 682.59 TOTAL TAXES (before discount) 682.59 Full Payment 2/3 Payment 3V Discount 12V Discount 9zG7 11 AAR, Cr, Make Payment To: DESCHUTES COUNTY TAX COLLECTOR 1340 NW Wall St JACOBSEN,FRANK V P 0 Box 7559 JACOBSEN,ELIZABETH M Bend, OR 97708-7559 PO BOX 8508 541-388-6540 BEND OR 97708 150.553.00D -I % fj '` i ! ° t ,,ity a•jdy iJ4�.+�(p3 P <,i 07/01/2000 to ' 06/30/200'1,Aea' l O�Yd'; t �'d .s.�• `i.L ��aS.s S 3 `..".: e PROJ'ERW `T X STATEMENT DESCRY . 113 ' : y , Qr,.e � °Sena ' (G iG .,, �' ,`}.o v . tf3 0 'I�rr' 'k'a� l�a ��,a.�a � �� =f� � h C©de� 't7.•-004, . ;'7,559 Account 1819070000200 Bend, OR 97708-7559 Class: 550 Acres: 20.00 Situs :24780 DODDS 'RD/BEND-97701, 1; T'." ^' GERHARTLAND ESTATES -PT 2,•, , -,( BEST CONSTRUCTION AND DEVELOPMENT MONEY PURL E S0.01 ;r s, 0.01 PO BOX 8508 C 04'C''C g ' 0.05 BEND OR 97708 `. v'_��`+;rt %�••` `'; `i SCHL DIST #1 0.34 ***,EDUCATION TOTAL. 0.40 DESCH,UT9$,COUNTY• 0.10 VALUES: LAST YEAR THIS YEAR SHERIFF (CNTY) 0.09 DESCHUTES CO LIBRARY 0.04 Assessed Value (AV) 9;1.,:;Tr, r 0.01 Total AV •80 80 *** GENERAL GOVERNMENT TOTAL: 0.24 Exemption Net Assessed Value 80 80•• JAIL,,BONDED DEBT* 0.02 FAIRGROUNDS BONDED DEBT* 0.01 Taxable BEND LIBRARY CSD 0.01 Assessed Value 80 80' ''' C 0- C, C t-• 0.01 93 0.05 f�-BONDS'-'981 ,) rk; 0.07 BONDS; -r-'OTHER TOTAL: 0.17 Value questions - Assessor,,,541-388-6508 �� ," ,.� �� Billing questions - Tax Office, 541-388-6540 2000-2001 GROSS PROPERTY TAX 0.81 a"s Full Payment 12/3 Payment 11/3 Payment 3� Discount 2!k Discount NO,Discoun t-; 0.79 0.79 0.79 TOTAL''TAXES,'(before discount) 0.81 * Please,, lease, see explanation enclosed with your statement. e, 'I., /071 x rMS M. 14/93 SECURITY DEPOSIT ORS 198.975 FOR SPECIAL DISTRICT FORMATION OR REORGANIZATION ❑ FORMATION ANNEXATION ❑ WITHDRAWAL ❑ DISSOLUTION Q c- dl EPj0 `9 2 District No. of precincts in district 0 $ per precinct = $ (nuL imam of $10,000) ectal deposit PERSONS/ORGANIZATIONS PROVIDING ANY PART OF CA S DEPWT 1. NAME (PRINT) SIGNATURE RESIDENCE ADDRESS Z 20"PVS RF FAN O MAILING ADDRESS (IF DIFFERENT) o 60y— i3S05 1 ') CITY, STATE, ZIP CODES moi' AMOUNT OF CONTRIBUTION/VALUE OF SECURED DEPOSIT KIND OF CONTRIBUTION: CASH 0 BOND 0 OTHER SECURITY DEPOSIT 2. NAME (PRINT) ` SIGNAFUTCE RESIDENCE ADDRESS MAILING ADDRESS (IF DIFFERENT) CITY, STATE, ZIP CODE AMOUNT OF CONTRIBUTION/VALUE OF SECURED DEPOSIT KIND OF CONTRIBUTION:* ❑ CASH ❑ BOND ❑ OTHER SECURITY DEPOSIT 3. NAME (PRINT) SIGNATURE RESIDENCE ADDRESS MAILING ADDRESS (IF D RENT) CITY, STATE, ZIP CODE AMOUNT OF CONTRIBUTION/VALUE OF SECURED DEPOSIT KIND OF CONTRIBUTION:* ❑ CASH ❑ BOND ❑ OTHER SECURITY DEPOSIT CHIEF PETITIONERS I/we hereby declare if the costs of the attempted formation, annexation, withdrawal, or dissolution of district exceed the deposit, I/we will pay to the county treasurer the amount of the excess costs (ORS 198.7 75). 1. NAME (PRINT) SIGNATURE RESIDENCE ADDRESS DATE .MAIJJNG ADDRESS (IF DIFFERENT) CITY, STATE, ZIP CODE DAY TELEPHONE 2. NAME (PRINT) SIGNATURE RESIDENCE ADDRESS DATE MAILING ADDRESS (IF DIFFERENT) CITY, STATE, ZIP CODE DAY TELEPHONE 3. NAME (PRINT) SIGNATURE RESIDENCE ADDRESS DATE MAILING ADDRESS (IF DIFFERENT) QTY, STATE, ZIP CODE DAY TELEPHONE *Provide additional description of security deposit on reverse or separate sheets. Additional contributors stay be Listed on separate sheets and attached. MINUTES OF THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS of BEST CONSTRUCTION AND DEVELOPMENT, :INC. The organizational meeting of the initial Board of Directors designated in the Articles of Incorporation of BEST CONSTRUCTION AND DEVELOPMENT, INC., an Oregon corporation, was held at the offices of BEST CONSTRUCTION AND DEVELOPMENT, INC., 6619 SE 114th, Portland, Oregon 97266 on December 20, 1991 pursuant to call. by the incorporator and Waiver of Notice of the meeting consented to by all designated Directors. The following persons were present: Frank V. Jacobsen, Jr. Elizabeth Jacobsen Elizabeth Jacobsen acted as recording secretary for the purpose of recording the minutes. The Chairman then presented and read to the meeting the Waiver of Notice of the meeting subscribed by all the persons named in the Articles of Incorporation and it was ordered that it be appended to the Minutes of the Meeting. The Chairman then presented to the meeting the Certificate of Incorporation and the Articles of Incorporation and reported that they were filed in the office of the Secretary of State on December 19, 1991. The Certificate of Incorporation and the Articles of Incorporation were ordered appended to the Minutes of the meeting. The Chairman then presented to the meeting a proposed form of Bylaws for the management of the internal affairs of the Corporation, prepared by legal counsel for the Corporation. The proposed Bylaws were read to the meeting, considered and upon motion duly made, seconded, and carried, were adopted as and for the bylaws of the Corporation and ordered appended to the Minutes of the meeting. The Chairman then reported that the Corporation was authorized to issue 500 shares no par value common stock and that the stock may qualify as "Section 1244" stock under the provisions of the Page 1 - MINUTES OF THE ORGANIZATIONAL MEETING Internal Revenue Code. The Chairman explained that the Corporation stock should be so qualified so that any loss on the sale or exchange of the stock by the original individual shareholde3:S would be treated as an ordinary loss. The Chairman then advised that under current statutes and regulations, it is not necessary for the Corporation to adopt a plan in order for the Corporation's stock to qualify under Section 1244 of the Internal Revenue Code. The Board discussed the matter, and stated that it desired the Corporation's stock to be qualified under Section 1244, and stated further that the subscriber had accepted his subscription with this treatment in mind. On motion duly made, seconded, and unanimously carried,, it was "RESOLVED, that the officers of, and attorneys for, the Corporation, take such further action as is or may be necessary, if any, for the Corporations' stock to qualify as IRC Section 1244 stock." The Chairman then stated that the following persons desire to purchase the below listed number of shares of the capital stock of the Corporation in exchange for the cash, property or service as set forth below: Name Number of Shares Value Frank V. Jacobsen, Jr. 100 Upon motion duly made, seconded and carried, it was "RESOLVED, that 100 shares of no par value common stock of the Corporation be issued to the above named person in the amount and for the value set forth above. BE IT FURTHER RESOLVED that, upon payment to the Corporation of the value described above, the President and Secretary of the Corporation are authorized and directed to issue certificates for the stock to each of the above named persons and to enter the same upon the stock transfer ledger of the Corporation without further Board action." The Chairman then submitted to the meeting a specimen stock certificate proposed for use as the Corporate Certificate for stock, the Corporate Record Book, and the Stock Transfer Ledger. Page 2 - MINUTES OF THE ORGANIZATIONAL MEETING Upon motion duly made, seconded and carried, it was "RESOLVED that the specimen stock certificate presented at this meeting be and it hereby is adopted as the form of Certificate of Stock issued to represent shares in the Corporation." Upon motion duly made, seconded and carried it was "RESOLVED that an off ice of the Corporation be establ ished and maintained at 6619 SE 114th, Portland, Oregon 97266, that meetings of the Board of Directors be held either at the principal office designated or at such other place as the Board of Directors may from time to time order." Upon motion duly made, seconded and carried it was "RESOLVED that Frank V. Jacobsen, Jr., at 6619 SE 114th, Portland, Oregon 97266, be and hereby is designated by the Directors as the Registered Agent of the Corporation and is instructed to file notice of such designation with the Corporation Commissioner for the State of Oregon." The Chairman of the meeting then stated that it is appropriate to elect officers of the Corporation to implement the various actions designated by the Board. Nominations were called for the and the following persons were nominated for the office preceding their name: President Secretary -Treasurer Frank V. Jacobsen, Jr. Elizabeth Jacobsen No further nominations being made, the nominations were closed and the Directors proceeded to vote on the nominees. Upon count of the vote, the Chairman announced that the foregoing nominees had been elected to the offices set forth before their res=pective names. The Chairman then stated that it was desirable to designate a depository for the funds of the Corporation and on motion duly made, second and unanimously adopted, it was "RESOLVED that the Secretary -Treasurer be and hereby is authorized to open a bank account on behalf of the Corporation with United States National Bank of Oregon located in Tualatin, Oregon. Page 3 - MINUTES OF THE ORGANIZATIONAL MEETING "BE IT FURTHER RESOLVED that the following named officers of the corporation be authorized as signatories on the Corporate bank account: Frank V. Jacobsen, Jr. and Elizabeth Jacobsen. Such authority to act on behalf of the Corporation shall remain in full force and effect until revoked by written notification to the bank by the Board of Directors of the Corporation." The Chairman then proposed that the Board of Directors should authorize the President as chief executive officer of the Corporation, to borrow funds and establish obligations with respect to contracting in the name of the Corporation. After discussion and upon motion duly made, seconded and carried, it was "RESOLVED that the President as the chief executive officer of this Corporation, shall have full power, right and authority in his discretion and without further action of this Board of Directors, but subject to review by them to buy, lease or otherwise acquire, sell, encumber or otherwise dispose of or exchange real and personal property of all kinds and interest herein for and in the name of the Corporation. The President shall have the power to borrow money or otherwise obligate the Corporation by giving or receiving cash, property or other evidence of indebtedness, and to execute, deliver and cause to be recorded deeds, mortgages; trust deeds, satisfactions, evidence of indebtedness, contracts, certificates and other documents on his signature with or without the Corporation Seal, as he deems necessary or appropriate in the furtherance of the business of the Corporation, and to establish lanes of credit, checking, savings and loan accounts factoring arrangements or other loan arrangements for the purposes of this Corporation." The chairman then reported that prior to the actual incorporation of the business that Frank V. Jacobsen, Jr., acting as promoter of the Corporation had entered into certain business transactions and incurred certain expenses, including the legal costs of the Corporation, and has done certain acts on behalf of the Corporation which the Corporation's Board of Directors should consider and accept the benefits hereof, and ratify as acts of the corporation. After discussion and upon motion duly made, seconded and carried it was "RESOLVED that the Board of Directors of the Corporation approves and ratifies the prior acts done for the benefit of the Corporation by Frank V. Jacobsen, Jr. and assumes liability for the expenses incurred by them on behalf of the Corporation." Page 4 - MINUTES OF THE ORGANIZATIONAL MEETING 11BE IT FURTHER RESOLVED that the President is directed to pay the expenses incurred in the process of incorporation and organization of this corporation, including those incurred prior to the date of this meeting and is directed to reimburse officers, directors and shareholders who may previously have paid such expenses." After some further discussion upon motion duly made, seconded and carried it was "RESOLVED that the corporation proceed to carry on the business for which it was incorporated beginning December 19, 1991." There being no further business to come before the meeting upon motion duly made, seconded and carried the meeting was adjourned. DATED this _J� day of December, 1991. ing secretary APPROVED: Page 5 - MINUTES OF THE ORGANIZATIONAL MEETING