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On September 7, 1989, the County eaterad into a lease pum,~wse agroameat with the Shte of Oregon, Department of Eaergy,
<br />Small Scale Eaargy L,oan Pmgram w acquire and oonstruct a Release Ca~ater / Sheiiff Subatation at 3950 Aumsvilie
<br />Hi~hwaY. Sa1em, Ore~on. Z7-e lease ~reemait permits bomowin~s of up W 52.700,000 basriag intereat at t6e rate of 7.9 96
<br />~ per annum. Interest paymeats on tha a~greBate total amount of conan~aien boimwinSs ~8 ~ P~Y~Ie Wa fiat of
<br />- ~• every month from October 1, 1989 and ending Jannsry 1, 1991. TLeraaflter, the Connty will pay 523,647 per montb
<br />inclndin$ intuest for 180 montl~s. Bornowin~t uader t6e lea~e Puncha~e a~ated 52.700,000 in 3aawry 1991. The futuro
<br />~ oommitme~ts for the yars eading Juae 30 ara as follaws:
<br /> Prin cirnl June 30.
<br /> 11~Iatured 1993
<br />Fiscil Year
<br />a't ~ Outstandin~
<br />June 30. 1992 and p~id
<br />dnrin~ year Ou~ndin~
<br />Jw~e 30. 1993 fuwre
<br />interest ~
<br />1993 ~ 109,461 S(109,461) S - S -
<br />1994 118.413 ~ 118.413 189,351
<br />1995 128,100 128,100 179,664
<br />1996 138,583 I38,583 169,181
<br />1997 149.928 149,928 ~ 157,836
<br />1998 162,?AS 162.205 145,559
<br />1999 175~489 175,489 132,275
<br />2000 189,866 189,866 11~,898
<br />2001 205,424 ' 205,4Z4 102,340
<br />2002 222,260 222,260 85.504
<br />2003 240.479 240,479 67,285
<br />2004 260,194 . 260,194 47,570
<br />2005 281,530 281,530 26.234
<br />2006 176.348 176.348 3.181
<br /> ~ 2.~ ~~~~~ ~.~. ~..~+~s~s.~
<br />NOTE 10 - INTERFUND NOTES:
<br />On Marcb 10, 1993 ~ the Marion County Board of Commissioners approved a lom f~+om tha Solid Waste Fund (Entarprise
<br />Fund) and the Public Works Fund (Special Revenue Fund) W the Managemeat Servioea Fund (Intemal Services Fund) to
<br />purcbase a voice mail system. The loaa is payable in five annual instattments of ST.000 plus interest at an interc~t rate based
<br />upon the average interest rates raxived by the depart~ts duriag the pneceding fiscal year. The first inatallmeat is due in
<br />Juty 1993 and the sverage interest nte for fiscal year 1992-1993 was 3.21196. Futute commitmwts for the y~ara eadiag ]une
<br />30 are as follows: ~
<br />Principal
<br />Matured
<br />Fiscal Year Outstanding and paid Outstanding
<br />o tu 't June 30. 1992 u' r June 30. 1993
<br />1994 S 7,000 S . S 7,000
<br />1995 7,000 7.000
<br />1996 7,000 ~,000
<br />1997 7,000 7,000
<br />1998 7.000 7.000
<br /> ~ 3~~ ~~ ~
<br />_2~_
<br />
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