2009-1287-Order No. 2009-039 Recorded 6/16/2009DESCHUTES COUNTY OFFICIAL RECORDS ^T ~~~8e~~~4D~
NANCY BLANKENSHIP, COUNTY CLERK IiJ
COMMISSIONERS' JOURNAL 06/16/2009 04:24:48 PM
REVIEWED I I IIII IIIIIIIIIIIIIIII I
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LEG COUNSEL
For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
An Order Establishing the DEQ Loan Reserve
Trust Fund
ORDER NO. 2009-039
WHEREAS, on June 1, 2009, Deschutes County entered into a loan agreement with the Oregon
Department of Environmental Quality ("DEQ"), Document 2009-290, in which the DEQ will loan the County
$40,000 to provide a grant to Sunriver Environmental LLC ("SELLC") for the purpose of conducting a sewer
expansion feasibility study for certain areas south of the Sunriver Urban Unincorporated Community; and
WHEREAS, the loan agreement required the establishment of a segregated loan reserve account, to be
held in trust for the benefit of DEQ ("trust fund"); and
WHEREAS, the money in the trust fund is to be used solely to pay amounts due under Document 2009-
290; and
WHEREAS, the trust fund is to maintain, at all times, a minimum balance of $4,157.00 until all
amounts due under Document 2009-290 are repaid in full; and now, therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. The Deschutes County Treasurer shall establish the DEQ Loan Repayment trust
fund.
Section 2. The Deschutes County Treasurer shall transfer $4,157.00 from Fund 296-0000-
126-01-00 to the DEQ Loan Repayment trust fund.
PAGE 1 of 2- ORDER No. 2009-039 (06/10/09)
Section 3. Until the all amounts due under Document 2009-290 are repaid in full, if the balance in
the DEQ Loan Repayment trust fund becomes less than $4,157.00, the Deschutes County Treasurer shall
transfer from Fund 296-0000-126-01-00 to the DEQ Loan Repayment trust fund sufficient funds to
restore the balance required under Document 2009-290.
DATED this /A1 day of CZk~ , 2009.
BOARD OF COUNTY COMMISSIONERS
ATTEST:
Recording Secretary
OF DESCHUTES COUNTY, OREGON
O)b
TAMMY BANEY, Chair
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DE IS R. LUKE, Vice Chair
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ALAN UNGER, Commissioner
PAGE 2 of 2- ORDER No. 2009-039 (06/10/09)