2011-2934-Resolution No. 2011-100 Recorded 7/5/2011VIEW
LEGAL COUNSEL
i
DESCHUTES COUNTY OFFICIAL
NANCY BLANKENSHIP, COUNTY
COMMISSIONERS' JOURNAL
II II I IIIA IIIII'IIII II I III III
21-21P4
RECORDS CJ 2011■2934
CLERK
07/05/201109:07:54 AM
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Declaring the County's Intent to
Reimburse Expenditures with the Proceeds of
Future Obligations
RESOLUTION NO. 2011 -100
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. Deschutes County, Oregon (the "County") expects to make expenditures from its
available funds to pay for the costs of acquiring and renovating a building that will house several
County departments and will be used as the County's "North County Campus" (the "Project").
Section 2. The County reasonably expects to issue bonds or other 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.
Section 3. To permit the Reimbursement Obligations to be issued as tax-exempt or another
type of tax advantaged obligations, the Internal Revenue Code of the United States requires that the
County declare its intent to reimburse from Reimbursement Obligation proceeds within 60 days after
the expenditures are made.
Section 4. The County expects that the principal amount of the Reimbursement Obligations
will not exceed $3,000,000.
Section 5. This Resolution shall take effect immediately upon its adoption.
PAGE 1 OF 2 — RESOLUTION NO. 2011-100 (06/29/11)
DATED this th day of June, 2011.
ATTEST:
&M—wul _'
Recording Secretary
Record of Adoption Vote
Commissioner Yes No
Tammy Baney P-1- _
Anthony DeBone r/
Alan Unger —off
BOARD OF COLJNTY COMMISSIONERS OF
DESCHUT ,S COUNTY, OREGON
TAMMY BANE�Yt, Chair
ATHONY DEBONE, Vice -Chair
ALAN LINGER, Commissioner
Abstained Excused
PAGE 2 of 2 - RESOLUTION NO. 2011-100 (06/29/11)
Lacy Nichols
From:
Marty Wynne
Sent:
Wednesday, June 15, 2011 12:45 PM
To:
Lacy Nichols
Subject:
FW: North County Project Reimbursement Resolution
Attachments:
NorthCoProjReimbursementresolution.doc
Follow Up Flag:
Follow up
Flag Status:
Flagged
Lacy,
Would you please check to see if there is anything else that needs to be done to this resolution before it goes to the
Board.
Marty
-----Original Message -----
From: Mark Pilliod
Sent: Wednesday, June 15, 201111:09 AM
To: Marty Wynne
Cc: Dave Kanner
Subject: RE: North County Project Reimbursement Resolution
Based upon the response I received today from Carol McCoog, I'm fine with this resolution.
Mark Pilliod
Deschutes County Legal Counsel
541-388-6625
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-----Original Message -----
From: Marty Wynne
Sent: Tuesday, June 14, 20114:52 PM
To: Mark Pilliod
Cc: Dave Kanner
Subject: FW: North County Project Reimbursement Resolution
Mark,
For your review and approval.
Marty
-----Original Message -----
From: Dave Kanner
Sent: Tuesday, June 14, 20114:33 PM
To: Marty Wynne
1
Subject: RE: North County Project Reimbursement Resolution
It's fine with me.
Dave
-----Original Message -----
From: Marty Wynne
Sent: Tuesday, June 14, 20113:09 PM
To: Dave Kanner
Subject: North County Project Reimbursement Resolution
Dave,
Attached is the draft resolution from K&L Gates. If you don't have any issues with it, it should probably go to Legal
Counsel for their input, completion. Thank you.
Marty