29-995-Order Recorded 3/9/1979VOL 29 PACE 995
IN THE BOARD OF COUNTY COMMISSIONERS
OF THE STATE OF OREGON
FOR THE COUNTY OF DESCHUTES
In the Matter of the ESTABLISHMENT )
of a Special Reserve Fund No. 2 ) ORDER
for BOYD ACRES ROAD )
WHEREAS, it is the policy of the Board of County Commissioners to
require developers of property adjoining or contiguous to certain county roads
to contribute funds to partially pay for the cost of developing said roads
proposed for future construction, improvement or development, and
WHEREAS, BOYD ACRES ROAD is one of the roads for which we are requiring
contributions by developers along said road for future construction, development
and improvement;
IT IS HEREBY ORDERED that a Special Reserve Fund for future development,
construction and improvement of BOYD ACRES ROAD be established. It is also ordered
that any and all sums of cash received from developers designated to contribute to
such funds for partial improvement, development or construction costs be invested
by the Deschutes County Treasurer until used or returned to the developer from
whom it was received.
IT IS FURTHER ORDERED that the County Treasurer has authority to make
such investment of said funds as the Treasurer shall deem wise and prudent.
IT IS FURTHER ORDERED that if
the 6th day of March, 1984, the unused
interest accrued on these monies, shall
required to contribute them.
DATED AT Bend, Oregon, this _
BOYD ACRES ROAD is not constructed by
portion of said funds, together with
be returned to the developers who were
day of 1979
Commissioner
Commissioner
DESCHUTES COUNTY BOARD OF COMMISSIONERS