26-925-Order Recorded 3/15/1978VOL 26 fgf 925
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. 1 ) O R D E R
for NEFF 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 , NEFF ROAD between Eastwood Drive and a point 1/4 mile
west of Denser Road is one of the roads for which we are requiring contri-
butions 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 NEFF 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 NEFF ROAD is not constructed by the
31st day of December, 1982, the unused portion of said funds, together with
interest accrued on these monies, shall be returned to the developers who
were required to contribute them. DATED at Bend, Oregon this / 5'/Aday of O1978.
DESCHUTES COUNTY BOARD OF COMMISSIONERS
Form Approved Bye
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3/13/78
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