2001-49-Resolution No. 2001-006 Recorded 1/31/2001VOL: CJ2001
PAGE: 49
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
*02001-49 * Vol -Page Printed: 01/31/2001 08:19:00
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:
Jan. 31, 2001; 8:04 a.m.
Resolution (CJ)
NUMBER OF PAGES: 1
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
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CIV % R
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES C UNTY, O N
A Resolution Authorizing the Borrowing * ZLEdCOUNSEL
of $1,200,000 By the Fairgrounds Construction
Fund From the Solid Waste Capital Projects p JAN 31 AM 8� Q4
Fund, Providing for Repayment, and Directing
the County Treasurer to Make Appropriate 14ARY SUE PIE-N'rIOLLOW
Entries COUNTY CLERK
RESOLUTION NO. 2001-006
WHEREAS, it is necessary that the Fairgrounds Construction Fund borrow $1,200,000;
and
WHEREAS, the Solid Waste Capital Projects Fund has sufficient resources to make a
loan to the Fairgrounds Construction Fund; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Finance Director is hereby authorized to transfer
funds, the aggregate not to exceed ONE MILLION TWO HUNDRED THOUSAND DOLLARS
($1,200,000) from the Solid Waste Capital Projects Fund (613) to the Fairgrounds Construction
Fund (420).
Section 2. Said loan is to be repaid to the Solid Waste Capital Projects Fund (613),
immediately upon receipt of sufficient cash within the Fairgrounds Construction Fund to allow
repayment.
Section 3. Interest shall accrue on the actual amount of the loan at the rate of 6.5% per
annum and shall be paid at the time said loan is repaid.
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 24th Day of January 2001.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
Tom Deaf, Chair
R.R. L�ukee
Recording Secretary Mic iael M. Daly, Comm sioner
1 - RESOLUTION NO. 2001-006