2001-374-Resolution No. 2001-017 Recorded 4/13/2001VOL: CJ2001 PAGE: 374
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
*CJ2001-374 * Vol -Page Printed: 04/26/2001 14:16:49
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:
Apr. 13, 2001; 11:41 a.m.
Resolution (CJ)
NUMBER OF PAGES: 2
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
KEcH D
APr2 6 2001
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES CC LINTY, RE
A Resolution Authorizing the Borrowing * AL CDUN
of $174,273 By the Justice Court *
-
Fund From the Business Loan Fund, *
s�
Providing for Repayment, and Directing
the County Treasurer to Make Appropriate
C
Entries *
"`
RESOLUTION NO. 2001-017
WHEREAS, it is necessary that the Justice Court Fund borrow $174,273; and
WHEREAS, the Business Loan Fund has sufficient resources to make a loan to the
Justice Court 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 HUNDRED SEVENTY-FOUR THOUSAND TWO
HUNDRED SEVENTY-THREE DOLLARS ($174,273) from the Business Loan Fund (105) to
the Justice Court Fund (123).
Section 2. Said loan is to be repaid to the Business Loan Fund (105), immediately upon
receipt of sufficient cash within the Justice Court Fund to allow repayment.
Section 3. Interest shall accrue on the actual amount of the loan at the rate of 6.0% 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 11th Day of April 2001.
ATTEST:
Recording Secretary
1 - RESOLUTION NO. 2001-017
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, ORE00N
Tom
Dennis R. Luke, Commissioner
MAael M. Daly, Co ssioner
Deschutes County's Justice Courts Fund (123)
Interest Expense
FY 00-01
Resolution Number: 2000-090
Date of Loan
12/13/2000
Interest Rate
6.60%
Principal
170,000.00
December Interest
12/13/2000
12/31/2000
19
December Interest
584.05
12/31/2000
1/31/2001
31
January Interest
952.93
1/31/2001
2/28/2001
28
February Interest
860.71
2/28/2001
3/31/2001
31
March Interest
952.93
3/31/2001
4/30/2001
30
April Interest 922.19
Total Interest 4,272.82
Principal 170,000.00
Total Prin & Interest 174,272.82