2005-1013-Resolution No. 2005-059 Recorded 8/29/2005VIE_WD
LEGAL OUNSEL
COUNTY
NANCYUTES BLANKENSHIP,FFICIAL COUNTY CLERKS CJ 2405'013
COMMISSIONERS' JOURNAL 08/29/2005 03:18:13 PM
IIIIIII IIIIIIIIIIIIIII IIIIIIIII III
2005-1013
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution authorizing personal services
contract with US Bank and establishing a U S * RESOLUTION NO. 2005-059
Bank account for the deposit of tax receipts.
WHEREAS, the use of Lockbox services has been recommended by the Deschutes County Internal
Auditor and
WHEREAS, US Bank is the only bank in Oregon currently providing tax collection services to Oregon
counties and
WHEREAS, the use of such services would reduce Deschutes County payroll expenditures by over
$5,000 annually and
WHEREAS, US Bank services will accelerate the deposit of tax receipts into County accounts and
therefore expedite the distribution of such funds to all taxing districts; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the Personal Services Contract between Deschutes County and US Bank be executed in
the near future and that it be in effect for the 2005-06 tax season.
Section 2. That the County establish a U.S. Bank Treasury Management Service Agreement in
accordance with existing County Policies to handle the resulting U S Bank deposits.
Section 3. That the County establish a Municipal Investor Checking Account that will be used
exclusively for the deposit of property tax payments processed by US Bank.
PAGE i OF 2 — RESOLUTION NO. 2005-059
Section 4. The Finance Department will be responsible for the reconciliation of the account in
accordance with its policies and procedures.
414
DATED this �� day of 12005.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, REGON
TOM DEWOLF, Chair
ATTEST:
Recording Secretary
PAGE 2 OF 2 - RESOLUTION NO. 2005-059