1995-20297-Resolution No. 83-068 Recorded 12/22/1983VOt 51 'rA r 41
95-2029'7
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Establishing
the Deschutes County Business* ,,, MA
Loan Fund, Directing Deposits,*
and Authorizing Investments. * 2.'^1983
RESOLUTION NOMAR? SgroyENUOLLOW, CO- CLERK
WHEREAS, Deschutes County has received approval from the
State of Oregon, Intergovernmental Relations Division, for a
Community Development Grant Program entitled the Deschutes County
Business Loan Fund in the amount of $300,000.00; and
WHEREAS, it is necessary to establish a special grant fund
for the deposit of all monies received from the State of Oregon
pursuant to the Oregon Community Development Grant; and
WHEREAS, a first installment from the State of Oregon in the
amount of $100,000.00 for an approved program activity has been
received; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Business Loan Fund is
hereby established.
Section 2. That the Deschutes County Treasurer is directed
to deposit all monies received from the State of Oregon pursuant
to the Oregon Community Development Grant Program entitled
Deschutes County Business Loan Fund, and the payments of princi-
pal, interest, and other income from program activities in said
fund.
Section 3. That the Treasurer is authorized and directed to
invest the amounts deposited in accordance with Section 2 of this
Resolution.
DATED this gjt2�—day of �L�s, 1983.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
A B A. jYN Chai
i
ATTEST: RISTO PR E, Commissioner
Recording Secretary L RE CE UTTLE,,Co igjoner
1 - RESOLUTION NO. 83-068. 1995