2006-436-Resolution No. 2006-034 Recorded 4/26/2006DESCH TES COUNTY OFFICIAL UBLANKENSHIP, COUNTY CLERK CJ �OQ6'436 NANCY REVI ED COMMISSIONERS' JOURNAL 04/2612006 03;16;40 PM 1111111111111111111111111111111 LEGAL COUNSEL 2004-43d For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Declaring the County's Intent to Issue Obligations to Reimburse the County * RESOLUTION NO. 2006-034 for Certain Expenditures. WHEREAS, the County expects to make expenditures from its available funds to pay for the costs of the new Harrington Loop Road L.I.D. (the "Project"); and WHEREAS, the County reasonably expects to issue obligations (the "Reimbursement Obligations") and to use the proceeds of the Reimbursement Obligations to reimburse the County for the expenditures it makes from its available funds for the Project; and WHEREAS, to permit interest on the Reimbursement Obligations to be excludable from gross income, the Internal Revenue Code of the United States requires that the County declare its intent to reimburse itself from Reimbursement Bond proceeds within 60 days after the expenditures are made; and WHEREAS, the County expects that the principal amount of the Reimbursement Obligations will not exceed $97,346.41; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. Deschutes County intends to reimburse all or a portion of the expenditures it makes for the Project with the proceeds of the Reimbursement Obligations. DATED thiday of , 2006. BOARD OFNTY COMMISSIONERS OF DESC' S COUNTY, OREGON IS R. LUKE, CHAIR ATTEST: \ a::� SnEA-�- �M� BEV CLARNO, VICE CHAIR Recording Secretary I HAL DA , COMMISSIONER PAGE 1 - RESOLUTION NO. 2006-034 - HARRINGTON LOOP ROAD L. 1. D.