46-271-Resolution No. 83-016 Recorded 4/22/1983VOL 4 6 FA.EE 271
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Adopting the
Central Oregon Overall
Economic Development Plan;
Approving the 1983 Oregon *? i
Community Development Program
Application; and Authorizing * MARY SUE PENBOLLOW, Co. CLERK
The Execution of Documents.
RESOLUTION NO. 83-016
WHEREAS, the Deschutes County Economic Development Committee
has participated in the initial preparation and update of the
Central Oregon Overall Economic Development Plan (OEDP); and
WHEREAS, Central Oregon OEDP reflects the history of,
obstacles to, and opportunities for, economic development in
Deschutes County, Oregon; and
WHEREAS, the Board of County Commissioners have considered
the 1983 Oregon Community Development Program of the Intergovern-
mental Relations Division of the State of Oregon; and
WHEREAS, the project has been designed to attract firms and
new job opportunities to Deschutes County, Oregon; and
WHEREAS, Deschutes County will provide $3,200.00 in in-kind
services and audit expense; and
WHEREAS, it is necessary that the Board of County Commis-
sioners approve the Application for Oregon Community Development
monies in the amount of $300,000.00 to fund the program; now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Central Oregon Overall Economic
Development Plan (OEDP) be hereby adopted as the strategy for
Deschutes County economic development activities.
Section 2. That the 1983 Oregon Community Development
Program Application is consistent with the OEDP.
Section 3. That the 1983 Oregon Community Development
Program Application, marked Exhibit "A", attached hereto and by
this reference incorporated herein, be approved.
1 - RESOLUTION NO. 83-016
J }
VOL 46 F:iLF-2
Section 4. That the Chairman of the Board of County
Commissioners be authorized to sign all documents on behalf of the
County with respect to said program.
DATED this I --H-Lday of 62011 E- , 1983.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
ALBERTYOLWG, qtdirmo
ATTEST:
6'*L'� 8'e--�
SUSAN STONEMAN
Recording Secretary
2 - RESOLUTION NO. 83-016
TOW PRANTE, Commissioner
A. TUTTLE, Commissioner
r p rr��
1983 OREGON COMMUNITY DEVELOPMENT PROGRAM VOL 46 ?�+4E 7J
Intergovernmental Relations Division
155 Cottage NE
C' Salem, OR 97310
378-3732
PART I: Project Information j_/ Joint Application
1. Applicant: Deschutes County Address: Courthouse Annex
Phone: 388-6570 Bend, OR 97701
2. Contact Person: Larry Tuttle Address: Courthouse Annex
Phone: 388-6570 Bend, OR 97701
3. Type of Project: /x/ Business and Employment / / Public Facilities
% / Housing% / Imminent Threat
4. Project Description (Include number of people benefitted):
1) To provide 3 private firms with a combined total of $300,000 in long-
term loans to finance major expansions. This loan money will match a
combined total of $894,500 in financing from other sources. These ex-
pansion projects will create 62 new job opportunities.
2) Proceeds from the loan repayment will be used to establish a Deschutes
County Revolving Loan Fund to be available for relending to existing
and new business.
5. Oregon Community Development Dollars Requested: $ 300,000
6. Leveraged funds: Federal $ 160.000
State $ -0-
Local $ 14.000
Private $-23A.-5Q 0
Program Income: $ 74,Qnn
Leveraged Funds Subtotal: 982.500
7. Total Budget: ' $ 1.282,500
8. Leverage Ratio (Leveraged funds divided by OCD funds requested) 3.28
9. Starting Date: June 15, 1983 10. Estimated Completion Date: June 14, 1985
11. I certify that, to the best of my knowledge: (1) all information contained in
this application is valid and accurate; (2) the submission of this application
has been authorized by the governing body of the city/county; and (3) if
funding is received, we will comply with all applicable federal requirements as
described in the attached assurances.
Signature: Title: Chairman
Name: Albert Younz Date: 4/13/83
Please print or type
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Vol ,6 PAGE 274
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