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BEFORE TI~ BOARD OF COMIVIISSIONERS <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 />RFSOLUTION <br />This matter comes before the Boazd of Commissioners at a regular public meeting on <br />Wednesday, April 23, 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 />WHEREAS, 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 />WHEREAS; 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 exceed $5,000,000 be made available <br />from the Department of Solid Waste Management's budget, to the Department of General <br />Services for the development of the CouRhouse Square. <br />BE IT FURTHERRESOLVED that the Board recognizes a need for the Department of <br />General Services to bonow the money for the development of Courthouse Square; and the loaned <br />funds wili be returned to the to the Department of Solid Waste Management funds from which it <br />was bonowed at the end of the six months. <br />RESOLUTION -1 <br />Courthouse Squaze <br />