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<br />BEFORE TI~ BOARD OF COT~IlvIISSIONERS <br />FOR MARION COUNTY, OREGON <br />In the matter of authorizing the loan of ) <br />funds from the Department of Solid Waste ) <br />Management to Marion County ) <br />General Service for the purpose of ) <br />the Courthouse Square Development. ) <br />RESOLUTION~ ~-~1~ <br />This matter comes before the Board of Commissioners at a regular public meeting on <br />Wednesday, Apri123, 1997, to consider authorizing the loan of funds from the Department of <br />Solid Waste Management to the Marion County Department of General Services for the <br />development of Courthouse Square. <br />WI~REAS, the Department of Solid Waste Management has agreed to loan for the <br />development of Courthouse Square and the Department of General Services has agreed to <br />reimburse the amount borrowed. <br />WI~REAS; ORS 294.460 allows the Board of Commissioners to allocate Solid Waste <br />Management funds, as a loan, with said loan to be repaid (including interest) over a specific <br />number of months, and the budgetary authorization be granted each fiscal year for the repayment <br />of any outstanding principal and interest; now therefore, <br />BE IT RESOLVED by the Marion County Board of Commissioners that the Department <br />of Solid Waste Management funds in the amount not to exce,ed $5,000,000 be made available <br />&om the Department of Solid Waste Management's budget, to the Department of General <br />Services for the development of the Courthouse Square. <br />BE TT FLTRTI~R RESOLVED that the Board recognizes a need for the Department of <br />General Services to borrow the money for the development of Courthouse Square; and the loaned <br />funds will be returned to the to the Department of Solid Waste Management funds from which it <br />was borrowed at the end of the six months. <br />RESOLUTION -1 <br />Courthouse Square <br />