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Josephine County discusses allowing recreation access to fairgrounds fund interest
Summary
Legal counsel for the Josephine County Board of Commissioners outlined a proposed order to allow interest earned on the Fairgrounds Permanent Fund to be transferred to a fund the county’s recreation director can access.
Legal counsel for the Josephine County Board of Commissioners outlined a proposed order to allow interest earned on the Fairgrounds Permanent Fund to be transferred to a fund the county’s recreation director can access.
The counsel said the fund was established by ordinance 2024-015 and "has a base value of $9,000,000 all recognized revenue from sale of the Flying Lark property." The ordinance currently allows interest accrued in the interest-bearing account to be transferred at the board’s discretion; the order presented would be the formal mechanism to…
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