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LOAN AGREEMENT BETWEEN: <br />THE DEPARTMENT OF SOLID WASTE MANAGEMENT <br />AND <br />THE DEPARTMENT OF GENERAL SERVICES <br />On April 23, 1997, the Marion County Board of Commissioners at a regular public <br />meeting, authorized the loan of funds, as provided by ORS 294.460, from the Department of <br />Solid Waste Management to the County Department of General Services for the development of <br />Courthouse Square. <br />The Department of Solid Waste Management agrees to loan in the amount not to exceed <br />$5,000,000. for the development of Courthouse Square; the Department of General Services <br />thereby agrees to reimburse the actual costs plus interest over a period of not more than six <br />months, period beginning May 1, 1997. <br />The Department of General Services will reimburse the Department of Solid Waste <br />Management, of the principal amount plus accrued interest on or before November 1, 1997. The <br />interest rate will be equal to the Marion County Treasure's monthly interest computation for the <br />month o y 1997. <br />~ <br />T Sears, irector <br />of Solid Waste Management <br />Randy Curtis, irector <br />Department of neral Services <br />y"-t3-S) <br />Date <br />~-21 -97 <br />Date <br />LOAN AGREEMENT -1 <br />Courthouse Square <br />