2010-204-Resolution No. 2010-027 Recorded 4/16/2010l
VIEW DESCHUTES COUNTY OFFICIAL RECORDS CJ 20100204
NANCY BLANKENSHIP, COUNTY CLERK Nd
LEGAL CO SEL COMMISSIONERS' JOURNAL 04/16/2010 09;56;27 AM
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BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Approving the Issuance of Recovery
Zone Facility Obligations for State of Oregon
Mental Health Division Residential Treatment * RESOLUTION NO. 2010-027
Facility; and related matters.
WHEREAS, the Board of County Commissioners (the "Board") of Deschutes County,
Oregon (the "County") previously adopted Resolution No. 2008-114 to authorize the execution of loan
agreements to finance the construction of a facility to serve as a State of Oregon Mental Health
Division secure residential treatment facility (the "Project"); and
WHEREAS, pursuant to I.R.S. Notice 2009-50, the County was allocated $16,192,000
of Recovery Zone Facility Bond volume cap; and
WHEREAS, the Board previously adopted Resolution No. 2009-133 declaring the
entire geographic area of the County a recovery zone for purpose of, among other things, issuing
recovery zone facility bonds to finance projects within the County; and
WHEREAS, the Project may be financed with full faith and credit obligations at
significant debt service savings if such obligations are issued as recovery zone facility bonds
("Obligations"); and
WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code") requires that
the County conduct a public hearing to provide a reasonable opportunity for members of the public to
express their views, orally or in writing, regarding the issuance of the Obligations and the uses and
purposes of the proceeds of the Obligations and that notice of such hearing is published in a newspaper
of general circulation within the County; and
WHEREAS, the Code requires that recovery zone facility bonds be approved by the
applicable elected representatives of the governmental unit issuing such bonds, and the Board is
comprised of the elected representatives of the governmental unit issuing the bonds; and
WHEREAS, on April 14, 2010 the County conducted a public hearing regarding the
Obligations and the Project; and
WHEREAS, notice of the public hearing held by the County was published on March.
29, 2010 in The Bend Bulletin; and
WHEREAS, there were no written comments received and. no members of the public
appeared at the public hearing to express their views on the proposed issuance of the Obligations; and
PAGE 1 of 2 —RESOLUTION NO. 2010-027 (04/14/10)
WHEREAS, the Board finds that it will benefit the County and its citizens to approve of
the issuance of the Obligations pursuant to the requirements of Section 147(f) of the Code.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. The Board hereby approves the issuance of the Obligations for the
purposes of Section 147(f) of the Code.
Section 2. This Resolution shall take effect immediately upon its adoption.
The foregoing Resolution adopted this 14th day of April, 2010.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
DE IS R. LUK , Chair
044,x- — uftg'c�
ALAN UNGER, Vice Chair
/ATTEST:
Recording Secretary TAMMY BANEY, Commissioner
Record of Adoption Vote
Commissioner Yes No Abstained Excused
Dennis R. Luke
Alan Unger
Tammy Baney
PAGE 2 of 2 — RESOLUTION NO. 2010-027 (04/14/10)