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RECEIVED <br />Marion Count~ <br />OREGON <br />OFFICE OF LEGAL COUNSEL <br />JUN fl i i998 <br />MARION COUNTY CORRECTION; <br />WORK CENTER <br />May 29, 1998 <br />LEGAL COUNSEL <br />Michael J. Hansen <br />BOARO OF MEMORANDUM <br />COMMISSIONERS <br />Randall Franke <br />Mary Pearmine <br />oon wyant, ~~. TO: Angie Phipps <br />ASSISTANT LECAL BOC, Recording Secretary <br />COUNSEL <br />Bruce T. Armstrong ~ <br />Timothy T.A. Jensen FROM: Mike Hansen ~ <br />Gloria M. Roy ~ <br />Jane Ellen Stonecipher Marion County Legal Counse <br />RE: Loan Resolution - Solid Waste to Courthouse Square <br />Agenda Item, Consent Calendar, June 10, 1998 <br />Angie, I request that you place on the Board's consent calendar for the June 10, <br />`~--' 1998 public meeting the attached resolution authorizing the loan of funds from the <br />Department of Solid Waste Management to the Marion County General Fund for the <br />Courthouse Square Project. The County already has such a resolution in place. It is <br />Resolution No. 97-59R. The purpose of this resolution is to extend the time for payment <br />for moneys already borrowed, and to extend the resolution authorizing a loan of funds <br />up to 5 million dollars. <br />It is anticipated that if the Courthouse Square Project proceeds, all loaned funds <br />will be repaid from bond proceeds to be sold during the 1998-99 fiscal year. Otherwise, <br />repayment from other county revenues will be required by the end of the 1998-99 fiscal <br />year. <br />MJH:at <br />c: Billy Wasson, Proj~t ~r~ardinator <br />Jim Sears, Director, Solid Waste Management <br />Randy Curtis, Superintendent of Facilities <br />co\phipps.mem <br />530 Center Street NE, Suite 312 . Salem, Oregon 97301-3670 .(503) 588-5220 . Fax (503) 373-4367 . www.open.org/marion <br />