2002-130-Resolution No. 2002-006 Recorded 2/27/2002RE's ° DESCHUTES COUNTY OFFICIAL RECORDS f n
MARY SUE PENHOLLOW, COUNTY CLERK
COMMISSIONERS' JOURNAL 02/Z7/2002 4;46,44 PM
BEFORE THE BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
A Resolution Directing a Public Hearing and )
Approving the Issuance of Hospital Revenue )
Bonds, Series 2002 (Cascade Health Services, )
Inc.) by The Hospital Facility Authority of )
Deschutes County, Oregon, in an Aggregate )
Principal Amount Not to Exceed $75,000,000 )
RESOLUTION NO. 2002-006
WHEREAS, The Hospital Facility Authority of Deschutes County, Oregon (the
"Authority") has received a request from Cascade Health Services, Inc., a private, non-profit
corporation organized and existing under the laws of the State of Oregon (the "Borrower") to issue
Hospital Revenue Bonds, Series 2002 (Cascade Health Services, Inc.), in an aggregate principal
amount not to exceed $75,000,000 (the "Bonds"). Bond proceeds will be applied to acquire,
improve, equip and construct capital assets and other qualifying capital expenditures in the
provision of hospital and health care services by the Borrower (collectively, the "Project"),
including, but not limited to the following:
(1) Acquisition and construction of a cancer treatment center, emergency department,
birthing center and expansion of the neonatal intensive care unit; acquisition and construction of
an ambulatory services building on the St. Charles Medical Center Campus; additions and
expansions to St. Charles Medical Center; expansion of the rehabilitation unit, central plant
renovation to St. Charles Medical Center and other qualifying capital expenditures for St. Charles
Medical Center, located at 2500 N.E. Neff Road, Bend, Oregon;
(2) Construction, expansion and remodeling of surgical facilities, renovation to the
emergency room, laboratory and obstetrics facilities of Central Oregon Community Hospital;
construction to and improvement of surface parking and other qualifying capital expenditures to
Central Oregon Community Hospital, located at 1253 N. Canal Blvd., Redmond, Oregon;
(3) Funding a debt service reserve fund and capitalized interest on the Bonds; and/or
(4) Payment of all costs associated with the issuance of the Bonds, including any credit
enhancement costs.
Resolution —Page I. 159481/1/scg/101038-0001
WHEREAS, on November 28, 2001 the Authority adopted an Inducement Resolution in
which the Authority (1) agreed to use its best efforts, in cooperation with the Borrower to issue the
Bonds pursuant to law and to loan the proceeds to the Borrower and (2) recommended that the
Board of County Commissioners of Deschutes County, Oregon (the "Board") approve of the
issuance of the Bonds by the Authority; and
WHEREAS, on February 6, 2002 the Authority adopted a Bond Resolution which
authorized the issuance of the Bonds, subject to the public hearing and approval by the Board of
County Commissioners of Deschutes County, Oregon (the "Board"); and
WHEREAS, Section 147(f) of the Code requires that qualified 501(c)(3) bonds be
approved by the applicable elected representatives of the governmental unit issuing such bonds
and having jurisdiction over the area in which the Project is located; and
WHEREAS, the Board, as the applicable elected representatives of the governmental unit
having jurisdiction over the area in which the Project is located, must approve of the issuance of
the Bonds following a public hearing. Notice of the public hearing held by the Board was
published February 11, 2002 in The Bend Bulletin. The Board finds that such publication was
reasonable public notice of such hearing. The public hearing is intended to provide a reasonable
opportunity for members of the public to be heard by the Board; and
WHEREAS, the Board conducted a public hearing at 10:00 a.m. this day and finds that it
would be in the best interest of Deschutes County to approve of the issuance of the Bonds
pursuant to the requirements of Section 147(f) of the Code; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
As the applicable elected representatives of the governmental unit having jurisdiction over
the area in which the Project is located, and having held the public hearing, the Board approves of
the issuance of the Bonds by the Authority.
DATED this 27th day of February 2002.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY OREGON
LF, Chair
IS R. LUKE, Commissioner
MICHAEL M. DALY, Commissioner
AT ST: - (:�7�
Recording Secretary
Resolution — Page 2. 159481/1/scg/l01038-0001