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2004-1231-Resolution No. 2004-117 Recorded 9/22/2004/REVIEW LEGAL COUNSEL COUNTY OFFICIAL NANCYUTES BLANKENSHIP, COUNTY CLERKDS COMMISSIONERS' JOURNAL 09/22/2004 04:49:41 PM 1111111111111111111111111111111 2004-1231 For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Approving the Fifth Amendment to the City of Redmond South * RESOLUTION NO. 2004 -117 Airport Industrial Area Urban Renewal Plan WHEREAS, the Redmond Urban Renewal Agency (the "Agency") has prepared, and has proposed to the Redmond City Council for its approval, a Fifth Amendment to the South Airport Industrial Area Urban Renewal Plan (the "Plan"); and WHEREAS, a portion of the Urban Renewal Area is located within the boundaries of the City of Redmond and the remainder is located in Deschutes County; and WHEREAS, such Plan Amendment and its accompanying Report have been prepared in conformity with the requirements of ORS 457.085 and with public involvement in all stages of the development of the Plan Amendment; and WHEREAS, the amendment proposed is a substantial amendment as defined by the Plan ("Section I. Amendments") and as such must be approved and recorded in the same manner as required for the initial adoption of the Urban Renewal Plan pursuant to ORS 457.220; and WHEREAS, pursuant to ORS 457.105 when any portion of the area of an Urban Renewal Plan extends beyond the boundaries of the municipality into any other municipality, the governing body of the other municipality may approve the plan by resolution. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: The County approves the Fifth Amendment to the City of Redmond South Airport Industrial Area Urban Renewal Plan which states as follows: This Fifth Amendment to the Redmond South Airport Industrial Area Urban Renewal Plan makes the following change to the plan: Section L - Latest Date for Issue of Bonded Indebtedness Strike the words "or any project undertaken with respect to the plan, " The revised section will read as follows: Ordinance No. 2004-117 Pagel of 2 Section L — Latest Date for Issue of Bonded Indebtedness This Urban Renewal Plan calls for a division of ad valorem taxes under ORS 457.440. No bonded indebtedness shall be issued with respect to the plan plan,an), pr-ojeet undeFtaken with r-espeet to the later than 15 years following the adoption of this Urban Renewal Plan. That date is November 28, 2004. / GL k DATED this day of 2004. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON 0 ATTEST: 16ENNIS R. LUKE, Commi sioner I Ta 0q / � ,) ��' Recording Secretary jA TOM DEWOLF, ommissioner Urdmance No. 2004-117 Page 2 of 2