41-366-Resolution Recorded 2/25/1982vot. 41; ` qp
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IN THE BOARD OF COUNTY COMMISSIONERS OF THE STATE OF OREGON FSB 2 S 1982
FOR THE COUNTY OF DESCHUTES 0Ro UT SRY PgTTERS
ON
In the Matter of Proceedings of the ) COUNTY C OK
Seventh Mountain County Service District ) RESOLUTION ACCEPTING BID ON BONDS
This matter came before the regular term of the Board of County
Commissioners of Deschutes County, acting as the governing body of the
Seventh Mountain County Service District on February 24, 1982.
WHEREAS:
1. The District's Emergency Ordinance Authorizing Bonds was passed
unanimously January 20, 1982;
2. Notice of,.the bond sale pursuant to that ordinance has been duly published;
3. Bids pursuant to the notice of sale have been received by Harvey Rogers,
Esq., of Rankin, McMurry, VavRosky and Doherty, the District's bond counsel,
and were duly opened at the offices of said attorneys and reported to the District
Counsel on this date; and
4. Oregon Bank has submitted the bid in proper
form which will result in the lowest net interest rate to the District;
Now therefore, it is RESOLVED that the bid of Oregon Bank
for the purchase of the District's issue of $779,246 in General Obligation
Improvement Bonds, Series 1982, providing an average interest rate of 12.3892%
per annum over the period of the bond issue, is accepted, and the financial
advisor and bond counsel are advised to proceed to close the issue to said
Oregon Bank
DATED: February 24, 1982.
DISTRIBUTION:
Howard Kraus, Budget Officer
County Treasurer
Louis Dvorak, Counsel
Harvey Rogers, Esq. Bond Counsel
Rebecca Marshall
Public Finance Group T-15
First Interstate Bank
BOARD OF COUNTY COMMISSIONERS
acting as the governing body of the Seventh
Moura.kginVoounty yervicleDiVict 10011
CLAY C.
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YOUNG,ALBERT A.