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and the availability of the proceeds derived from the issuance and sale of, the Bonds, the Pre-Issuance <br />~i Expenditures will be paid on an interim basis out of moneys which, in accordance with the County <br />budget and budgetary practices, are not and will not be available on a long-term basis to pay such <br />costs (the "Advances"), with the expectation and intent that the County will be reimbursed for all such <br />Advances out of the proceeds of the Bonds as and when the same are issued; <br />NOW, THEREFORE, BE IT RESOLVED BY THE MARION COUNTY BOARD OF <br />COMMISSIONERS AS FOLLOWS: <br />SECTION 1. DEFINITIONS. As used in this Resolution, the following terms shail have the <br />respective meanings set forth in this Section 1: <br />"Act" means the Oregon Uniform Revenue Bond Act, being ORS 288.805 to 288.945, as <br />amended. <br />"Advances"shall have the meaning assigned thereto in paragraph (4) of the Recitals to this <br />Resolution. <br />"Bonds" means the revenue bonds authorized to be issued under Section 2 of this Resolution <br />for the purpose of financing the Project Costs, which bonds shall be issued under the Act, this <br />Resolution and the Bond Authorizing Resolution. <br />"Bond Authorizing Resolution " means a resolution to be hereafter adopted by the County <br />Board, which resolution shall supplement the terms and provision of this Resolution by setting forth <br />the detailed terms of the Bonds and the covenants and agreements of the County with respect thereto. <br />"County" means the Marion County, a political subdivision and body public duly organized <br />and existing under the laws of the State of Oregon. <br />"Petition" means a petition filed by the electors of the County asking to have the question <br />of whether to issue the Bonds refened to a vote, all as permitted by ORS 288.815 and as more <br />particularly set forth in Section 3 of this Resolution. <br />"Pre-issuance Expenditures" shall have the meaning assigned thereto in paragraph (4) of <br />the Recitals to this Resolution. <br />"Projects" means , collectively: (i) the portions of Courthouse Square that are to be owned <br />by the County; (ii) the refinancing of the County's obligations under the Financing Lease; and (iii) <br />the Public Works Building. <br />~ PAGE 3 <br />RESOLUTION N .~~Z <br />