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,a <br />12-UB-98 13:55 FR01~- T-475 P.02/10 F-043 <br />STO~L RI VES <br />soo sw F~Fn, Ave, $u~TE Z3Q0 <br />PORTL~wD. ORPGOK 972¢5 <br />E~V-'. O. Ernows~tr. P,u3Tx~t <br />pIRleT I.iKE. i603? 2949235 <br />Fwu: t503~ 220Z4$O <br />~en[arandum <br />TO: B1LLY WASSON <br />CC: MIKE H.~NSFH, S('OTT CLEMEn~'~, NAIVCV WaTI~iNS <br />FRO~: ~nw, D. E[NOws~:~ <br />R~: REQiJISITtON CERT1FlC'~TES r~fi FLiNUS T() B~ DTSR[~tSEA nT <br />CLUSlIYG <br />DaTE: DFC_FMBFR 8, I99$ <br />Wi~h ~he closin~ ~et far next week, it's time to begin ga~rin~ the information we'll need <br />to disburse funds ai closing. To th~[ end, I arn transmittin~ herewith two farms of Requisition <br />Cer[ifiic~tr~ that will be needed. Th~ explanatiun of these two certificates and ~l~r i~aFormation <br />that will be needed. to complete each is as $allows: <br />The lteim~buraerreent Requisition: The one en~itled "Reiznbursement ltequisition" is to be use <br />o~ for the purpose of reimbursing the County for Project expenditures thar Were Q~rually paid <br />to third parties prror ~o the closing dute. Thus, for example, the various project ~xpendicures that <br />were finznced on an interim basis out of the Solid Wastz int~rfund loan would be reimbursed <br />Pt1tSUaI1t LO Ih1S ~eyLllSltlo~l. <br />Note: The County will not draw moneys [o repay tlae Solid Wa.st~ lo~xa per se. Rather, <br />the County wil! draw anaoneys to reimburse iiselF FUx the expenditures tha[ were Fnanced <br />from the Solid Wa~te loan, and ihen may, of course, use the reimbursemeni mQneys to <br />rep~.y the Solid Waste loan. Also no[e that tk~e County cannor use Certificate proezeds <br />to pay any interes~ on the Solid Waste loan, since such interest is nai pezmit~ed to be <br />reimbursed under applicable IRS rules. <br />'fo comple~e ~he Reizr~bursement Requisition, the Counry shou}.d fi11 oux ~xhibiE A at~ached <br />r.~ereto wkuch calls for: (1) the claze the expenditure was paid to a third party; (2) the p~.u~pose af <br />~he expenditure (detaited enougl~ co show that it was a Caurthouse Square exgendi~ure}; anci {3) <br />Mernorandpm Page 1 <br />