HomeMy WebLinkAboutDoc 730 - Note re Capital Improv Project - JailDeschutes County Board of Commissioners
1300 NW Wall St., Suite 200, Bend, OR 97701-1960
(541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org
AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of December 20, 2010
Please see directions for completing this document on the next page.
DATE: December 9, 2010.
FROM: Larry Blanton Sheriffs Office 3118
TITLE OF AGENDA ITEM:
Consideration of Approval of Document No. 2010-730, a Promissory Note between Deschutes Ciunty
and Countywide Law Enforcement District 1, allowing for funding to complete capital renovation
projects in the Adult Jail.
PUBLIC HEARING ON THIS DATE? NO.
BACKGROUND AND POLICY IMPLICATIONS:
Tax District 1 "Countywide" Fund 703 is making $900,000 available to the County to complete serveral
capital renovation projects in the Adult Jail.
FISCAL IMPLICATIONS:
The Board previously approved funding for this project under Resolution No. 2010-129.
RECOMMENDATION & ACTION REQUESTED:
Board signature of Document No. 2010-730.
ATTENDANCE: Sheriff Larry Blanton.
DISTRIBUTION OF DOCUMENTS:
Larry Blanton Sheriff
Jeanine Faria
Mark Pilliod
REVIE
LEGAL COUNSEL
For Recording Stamp Only
PROMISSORY NOTE
DATE: November 22, 2010
PROMISOR: Deschutes County
1300 NW Wall St.
Bend, OR 97701
PROMISEE: Deschutes County Countywide Law Enforcement District 1
ON DEMAND, Promisor promises to pay to Promisee the principal sum of NINE HUNDRED
THOUSAND and no/100ths Dollars ($900,000.00), or so much of said principal sum as may be
now and at anytime hereafter be advanced and outstanding, in lawful money of the United States
of America. Unless otherwise directed by or on behalf of Promisee, all payment shall be
addressed or delivered to the Deschutes County Finance Department, Deschutes Services
Building, 1300 NW Wall St., Bend, Oregon.
All or any portion of the indebtedness evidenced hereby may be prepaid at any time without
penalty or surcharge of any kind or description.
1. Disputes. With respect to any dispute relating to this Note, or in the event that a suit, action,
arbitration, or other proceeding of any nature whatsoever, including, without limitation, any
proceeding under the U.S. Bankruptcy Code and involving issues peculiar to federal bankruptcy
law, or any action seeking a declaration of rights, is instituted to interpret or enforce this Note or
any provision of this Note, the prevailing party shall be entitled to recover from the losing party its
reasonable attorneys' fees and all other fees, costs, and expenses actually incurred and
reasonably necessary in connection therewith, as determined by the judge or arbitrator at trial or
other proceeding, or on any appeal or review, in addition to all other amounts provided by law.
2. Waivers. Presentment, notice of dishonor, and protest are hereby waived by all Promisor's,
sureties, guarantors, and endorsers hereof.
3. Notices. Any notice to Promisor provided for in this Note shall be given by mailing such notice
by certified mail addressed to Promisor at the property address stated, or to such other address
as Promisor may designate by notice to Promisee. Any notice to Promisee shall be given by
mailing such notice by certified mail, return receipt requested, to Promisee at the address stated
in the first paragraph of this Note, or at such other address as may have been designated by
notice to Promisor.
4. Purpose. The purpose of this Note is to enable Deschutes County to undertake certain capital
improvements to the Sheriffs offices and the Deschutes County jail, both of which capital assets
belong to Deschutes County.
Promissory Note Page 1 of 2 Pages
DO 2010.7
•
Dated this of , 2010
Promisor:
BOARD OF COUNTY COMMISSIONERS
OF DESCHLITES COUNTY, OREGON
DENNIS R. LUKE, Chair
ALAN UNGER, Vice Chair
TAMMY BANEY, Commissioner
ATTEST:
Recording Secretary
Promissory Note Page 2 of 2 Pages