2002-1194-Resolution No. 2002-092 Recorded 9/25/2002MARYHSUESPENHOLLOW, COUNTYCOUNTY OFFICIAL RCLERK
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LEGA COUNSEL 11111111111111111111111111111
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For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Declaring the County's Intent to
Reimburse Expenditures with the Proceeds of * RESOLUTION NO. 2002-092
Future Tax -Exempt Obligations.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. Deschutes County, Oregon (the "County") expects to make expenditures from
its available funds to pay for the costs of the following projects (the "Projects"):
Construction of a new building for State of Oregon and County employees
Purchase of an existing building, plus remodeling costs, in the La Pine area
Construction of a sewer plant in La Pine area
Remodeling of the County Courthouse and the County Justice Building to accommodate new
State court space
Construction or purchase and remodel of a new warehouse/archive facility
Construction of a new solid waste recycling/drop-off center
Remodeling of the Deschutes Services Building
Remodeling of the County Administration Building
Section 2. The County reasonably expects to issue bonds or other obligations (the
"Reimbursement Obligations") and to use the proceeds of the Reimbursement Obligations to reimburse
the County for the expenditures it makes from its available funds for the Projects.
Section 3. To permit interest on the Reimbursement Obligations 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 Obligation proceeds within 60 days after the
expenditures are made.
PAGE 1 OF 2 — RESOLUTION NO. 2002-092 (9/25/02)
Section 4. The County expects that the principal amount of the Reimbursement Obligations
will not exceed $28,000,000.
DATED this 25`h day of September, 2002.
ATTEST:
Recording Secretary
PAGE 2 of 2 - RESOLUTION NO. 2002-092 (9/25/02)
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
TOM DEWOLF, Chair
DRWINS R. LUKE, Commissioner
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MICHAEL NY DALY, Co issioner