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Financial- Revenues
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Last modified
9/19/2012 2:23:00 PM
Creation date
8/22/2011 4:17:42 PM
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Building
RecordID
10153
Title
Financial- Revenues
Company
Marion County
BLDG Date
1/1/1999
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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Craig Luedeman <br />February 18, 1998 <br />Page 2 <br />Marion County and the Salem Area Mass Transit District. Among the elements for <br />the Courthouse Squaze Project are: a new mass transit depot, a joint public heazing <br />room faciliry, additions to public parking in downtown Salem, and dedication of a <br />portion of the Senator Block for lease or sale for private, commercial retail <br />development. Similar projects would qualify to borrow state funds as an <br />infrastructure project or a community facilities project, pursuant to ORS 285B.410 <br />et se~c or 285B.422 et se~c. In either project, the construction of buildings and the <br />acquisition of land are eligible for lottery funds to cover such projects as public <br />transportation or facilities providing commercial, social or similaz services to the <br />public. <br />Ultimately, the County's own adopted program of economic development, <br />authorized by ORS 280.500, is the most immediate authority for expenditures of <br />video lottery proceeds on the Courthouse Square Project and the repayment of any <br />proceeds not used on this project. Since that program is administered by you, you <br />aze the one to review the expenditures for Courthouse Square and determine whether <br />they are valid under the program, and whether repayment is required under the <br />program should the County abandon the Courthouse Square Project. All I can say <br />is that I see no impediment to the grant or any requirement for repayment in the state <br />constitution, state legislative enactments, or administrative regulations. <br />MJH:at <br />c: Billy Wasson, Project Coordinator, Courthouse Square <br />legaflcom mdvlp\wlrespVoUery.mcm <br />
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