2001-376-Resolution No. 2001-026 Recorded 4/13/2001VOL: CJ2001
PAGE: 376
RECORDED DOCUMENT
STATE OF OREGON
COUNTY OF DESCHUTES
*02001-376 * Vol -Page Printed: 04/26/2001 14:29:06
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: 1
V.-
" o-,
MARY SUE PENHOLLOW
DESCHUTES COUNTY CLERK
KED
AP 6 2001
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES CC LINTY, 0):7N
A Resolution Authorizing the Borrowing * EG UNSEL
of $250,000 By the Fair & Expo Center * a
Fund From the Business Loan Fund, * ;;
Providing for Repayment, and Directing
the County Treasurer to Make Appropriate * r
Entries * ,
RESOLUTION NO. 2001-026
WHEREAS, it is necessary that the Fair & Expo Center Fund borrow $250,000; and
WHEREAS, the Business Loan Fund has sufficient resources to make a loan to the Fair
& Expo Center 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 TWO HUNDRED FIFTY THOUSAND DOLLARS
($250,000) from the Business Loan Fund (105) to the Fair & Expo Center Fund (618).
Section 2. Said loan is to be repaid to the Business Loan Fund (105), immediately upon
receipt of sufficient cash within the Fair & Expo Center 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:
(NWUA�
Recording Secretary
1 - RESOLUTION NO. 2001-026
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUN1aY, OREGON
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