2009-62-Resolution No. 2009-015 Recorded 2/13/2009DESCHUTES COUNTY OFFICIAL RECORDS
REV1E D NANCY BLANKENSHIP, COUNTY CLERK
C� COMMISSIONERS' JOURNAL 02/13/1009 08;24;10 AM
LEGAL COUNSEL II��IIIII IIIIIIIIIIIIIII IIII
2006-62
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing a Loan from the
County's Landfill Closure Fund to the County's * RESOLUTION NO. 2009-015
Humane Society of Redmond Fund.
WHEREAS, the County has entered into a Rehabilitation Loan Agreement with the Humane Society of
Redmond (HSR), dated December 10, 2008 to assist HSR with its financial obligations; and
WHEREAS, the County has provided funding in the form of a loan or loans to HSR; and
WHEREAS, the County adopted a supplemental budget establishing the Humane Society of Redmond
Fund in which activities related to such loan or loans will be recorded; and
WHEREAS, such supplemental budget included an inter -fund loan from the County's Solid Waste
Landfill Closure Fund to the Humane Society of Redmond fund; and
WHEREAS, the Solid Waste Landfill Closure Fund has sufficient resources to make a loan to the
Humane Society of Redmond Fund; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Finance Director is hereby authorized to transfer funds, the
aggregate not to exceed ONE MILLION SEVEN HUNDRED THOUSAND DOLLARS ($1,700,000) from the
Solid Waste Landfill Closure Fund (611) to the Humane Society of Redmond Fund (129).
Section 2. Said loan (principal and interest) is to be repaid to the Solid Waste Landfill Closure Fund
(611) with resources from Humane Society of Redmond Fund (129)
Section 3. Interest shall accrue at the interest rates set forth in the Promissory Notes executed by HSR
and delivered to the County, and shall be paid no later than the time the principal is repaid.
Section 4. That the Finance Director is hereby directed to make such entries in the records of the
County for the fiscal year 2009 and beyond as are necessary to reflect these transactions.
PAGE 1 OF 2 -RESOLUTION NO. 2009-015 (2/11/09)
DATED this th day of February, 2009.
ATTEST:
Recording Secretary
PAGE 2 OF 2 -RESOLUTION NO. 2009-015 (2/11/09)
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
A� f
TAMMY B EY, Chair
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DE IS R. LUKE, Vice -Chair
ALAN UNGER, Commissioner