1995-42196-Resolution No. 83-032 Recorded 6/30/19839S-12196
VOL 47 F oE894
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the *
Deschutes County Treasurer to *
Borrow Monies for the Bancroft*
Bond Redemption Fund for the
1983-84 Fiscal Year From the
Road Fund, to Be Repaid Upon
the Receipt of Sufficient
Bancroft Payments From Bene-
fited Property Owners Whose
Applications to Finance Road
Improvements Were Pledged
For Bond Sales, and Directing
the County Treasurer to Make
Appropriate Entries.
RESOLUTION NO. 83-032
k ►' j r 0 198
`4ARY SUE pE"lilOL r 01 y Co.
CLEC
WHEREAS, the Road Fund is pledged for Bancroft Bonds sold for
road improvements constructed pursuant to ORS 371.605 to 371.660;
and
WHEREAS, the Road Fund has sufficient surplus to meet said
expenses in the County's Bancroft Bond Redemption Fund; now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Treasurer is hereby
authorized to transfer funds, the aggregate not to exceed ONE
HUNDRED THOUSAND DOLLARS ($100,000.00) from the Road Fund to the
Bancroft Bond Redemption Fund to be used for bond redemption and
interest expenses incurred after July 1, 1983.
Section 2. Said loan is to be repaid to the Road Fund from
collections from benefited property owners received for the fiscal
year 1983-84.
Section 3. That the Treasurer is hereby directed to make
such entries in the records of the County for the fiscal year
1983-84 as are necessary to reflect these transactions.
1 - RESOLUTION NO. 83-032
A
Vol, 47 FACE895
DATED this,�day of , 1983.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
ATTEST:
Recording Secretary
2 - RESOLUTION NO. 83-032
A'LB T A. YO , ChKrmwn,
LO
I RIST0 -PRANirtfl Commissioner
LAURENCE A. TUTTLE, Vommissioner