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2005-704-Resolution No. 2005-045 Recorded 5/16/2005REVI ED LEGAL OUNSEL DESCHUTES COUNTY OFFICIAL NANCY BLANKENSHIP, COUNTY COMMISSIONERS' JOURNAL 11111[ III IIIIIIIIIIIIIIIIIII 7 RECORDS CJ 2005.704 CLERK For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A RESOLUTION REQUESTING ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE RESOLUTION NO. BONDS BY THE STATE OF OREGON ON 2005-045 BEHALF OF ROCKY MOUNTAIN PRODUCTS 05/16/2005 02;50;04 PM WHEREAS, ORS 285B.332 requires, that the undertaking of any eligible project be requested by the governing body of the county; and WHEREAS, the City of Redmond has found and resolved in Resolution No. 2005-11 that the development of a manufacturing building by Rocky Mountain Products (Project) would foster the economic growth and legislative policy set forth in ORS 285B.320; and WHEREAS, the City of Redmond has found and resolved the type of use of the proposed building by Rocky Mountain Products and its location is consistent with the City of Redmond's 2020 Greater Redmond Area Comprehensive Plan, and WHEREAS, the City of Redmond has found and resolved that the Project is consistent with the provisions of Redmond Economic Development's Strategic Initiatives, and WHEREAS, the City of Redmond has found that the completion of the Project in the City of Redmond, Deschutes County, would be in the best interests of the citizens of Redmond, and WHEREAS, the County of Deschutes has no direct obligation in financing these revenue bonds and has not undertaken an investigation to determine the credit worthiness of Rocky Mountain Products company, and WHEREAS, the Board finds based upon the findings approved by the City of Redmond that the Project would be in the best interests of the citizens of Deschutes County; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, AS FOLLOWS: Section 1. That Deschutes County requests that the Oregon Economic & Community Development Commission and the State of Oregon assist in the financing of the Rocky Mountain Products manufacturing facility within Redmond and in Deschutes County, through the issuance of revenue bonds as provided by ORS 2858.320 to ORS 2588.377. PAGE 1 OF 2— RESOLUTION NO. 2005- 045 ( 05/09/2005) S:\LEGAL\BOCC RESOLUTIONS\2005\ROCKY MOUNTAIN PRODUCTS - INDUSTRIAL DEVELOPMENT.DOC Section 2. This Resolution shall become effective immediately upon its adoption. DATED this `clay of 2005. BOARD OF COUNTY OMMISSIONERS OF DESCHUTES CO NTY, OREGON TOM DEWOLF, _ ATTEST: MICHAEL M.` [ Y, Comrr/ssioner I (/&� '25��_,je Recording Secretary Secretary DE IS R. LUKE, Commissioner PAGE 2 OF 2— RESOLUTION NO. 2005- 045 ( 05/09/2005) S:\LEGAL\BOCC RESOLUTIONS\2005\ROCKY MOUNTAIN PRODUCTS - INDUSTRIAL DEVELOPMENT.DOC