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BEFORE THE BOARD OF COUNTY COMIVIISSIONERS' <br />for MARION COIJNTY, OREGON <br />In the matter of authorizing process for payment <br />of Certificate of Participation principal payments <br />from the Trust for Courthouse Square project <br />RESOLUTION #~~ <br />This matter coming before the Board of Commissioners, to specify which series +of debt <br />(Certificate of Participation) relating to Courthouse Square from funds held in trust will be <br />Called (redeemed) by the Trustee upon receipt of the certificate of completion. <br />WHEREAS, the balance remaining in trust for the Courthouse Square project is, sufficient to call <br />the June 1, 2002, 2003, 2004 and a portion of 2005 principal payments, plus any administrative <br />costs associated with this call provision of the certificates of participation, and ' <br />WHEREAS, the funds held with the Treasurer for the Courthouse Square proje~t will be <br />reserved for the principal payments on June 1, 2001, and those outstanding cost~ remaining on <br />the project which have been incurred but not yet paid, therefore, <br />BE IT RESOLVED that Department of Business Services will proceed in notifying the Trustee <br />holding the funds for the Courthouse Square Project, to transfer the amount of funds to the debt <br />service account to pay the following principal payments: <br />June 1, 2002 $6~~~ <br />June 1, 2003 $625,000 <br />June 1, 2004 $650,000 <br />June 1, 2005 $425,000 (partially called) <br />AND to notify the County Treasurer of funds to set aside for the Courhouse Sqµare Project to <br />pay the June 1, 2001 principal payment and any outstanding project costs incur~ed not yet paid. <br />~ <br />Dated at Salem, Oregon this(~~day of February, 2001• <br />~,( i a ~ C~P~1/`C. <br />~~ ~~ <br />~ „~,s Sve~ - ~Da•rid. Na~~ <br />T~~~~ <br />~~ s~caJ~ <br />MARION COUNTY BOARD COI SIONERS <br />