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2003-905-Resolution No. 2003-045 Recorded 5/28/2003DESCH TES COUNTY OFFICIAL REVIEWED NANCY UBLANKENSHIP, COUNTY CLERK DS IBJ 2003'705 COMMISSIONERS' JOURNAL 05/28/2003 04;20;18 PM LE L OUNSEL 1111111111 2003-00 !0S For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Relinquishing a Reversionary Interest Pursuant to ORS 271.335 in Certain Real Property Transferred to the Opportunity * RESOLUTION NO. 2003-045 Foundation of Central Oregon, an Oregon non- profit corporation. WHEREAS, on April 12 and 20, 1966, Deschutes County ("County") transferred the real property described in Section 1 below to the Opportunity Foundation of Central Oregon, an Oregon non-profit corporation; and WHEREAS, the transfer was subject to a reversionary interest in favor of the County; and WHEREAS, the transfer occurred more than 20 years prior to the date of this resolution; and WHEREAS, the Board of County Commissioners of Deschutes County finds that it is in the public interest to relinquish the reversionary interest, now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That Deschutes County relinquish its reversionary interest to the Opportunity Foundation of Central Oregon, an Oregon non-profit corporation, in that certain real property described below. All of Lot Two and the North Half of the Southeast Quarter of the Northwest Quarter (N1/2SE1/4NW1/4) of Section Fifteen (15), Township Fifteen (15) South, Range Thirteen (13), E. M. W., said property containing 26.18 acres. Section 2. That the Board Chair is authorized to execute such instruments as necessary to accomplish the acts authorized in Section 1 of this resolution. DATED this ;9-0 day of May, 2003. BOARD OF OUNTY COMMISSIONERS OF DESTES COUNTY, OREGON �. 12 R. LUKE, ( ATTEST: TOM DEWOLF, (� MI AEL M. DAL Recording Secretary , PAGE 1 OF 1— RESOLUTION NO. 2003-045 (05/14/03) S:\LEGAL\BOCC RESOLUTIONS\2003\RES 2003-045 RELINQUISING REVERSIONARY INIEREST.DGC