2002-53-Resolution No. 2002-004 Recorded 1/25/2002DESCHUTES COUNTY OFFICIAL RECORDS r}
REV��D COMMISSIONERSMARY SUE �LJOUR COUNTY CLERK i�J 2002'53
NAL 01/25/2002 09:05:52 AM
For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution of Deschutes County Declaring the
County's Intent to Reimburse Expenditures with
The Proceeds of a Future Issue of Bonds
* RESOLUTION NO. 2002-004
*
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. The County of Deschutes, Oregon (the "County") expects to make expenditures from its
available funds to pay for the costs of assessment and taxation software, computer equipment and related
equipment and facilities (the "Project").
Section 2. The County reasonably expects to issue bonds or other obligations (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.
Section 3. 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.
Section 4. The County intends that a portion of the proceeds received from the sale of the Bonds be
used to reimburse the County for expenditures incurred within 60 days prior to the sale of the Bonds. Therefore,
this Resolution constitutes the County's declaration of intent pursuant to the United States Treasury Regulation
Section 1.150-2.
Section 5. The County expects that the principal amount of the Reimbursement Bonds will not exceed
$1,000,000.
DATED this; day of , 2002.
BOARD OF COUNTY COMMISSIONERS FOR
DESCHUTES COUNTY, OREGON
ATTEST:
Recording Secretary
PAGE 1 OF 1— RESOLUTION NO. 2002-004
S:\LEGAL\BOCC RESOLUTIONS\2002\RESOLUTION NO 2002-004.DOC
TOM DEWO Chair
NNIS R. LUKE, Commissioner
MfArL V. DAL , Commissioner