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<br />ATTACHMENT C <br /> <br />INTERGOVERNMENTALAGREEMENT <br />BETWEEN THE HOSPITAL FACILITIES AUTHORITY OF THE CITY OF <br />MEDFORD, OREGON AND THE CITY OF EUGENE, OREGON RELATING <br />TO THE ISSUANCE BY THE HOSPITAL FACILITIES AUTHORITY OF <br />THE CITY OF MEDFORD, OREGON OF VARIABLE RATE DEMAND <br />REVENUE BONDS, SERIES 2006 (CASCADE MANOR PROJECT), IN ONE <br />OR MORE SERIES. <br /> This Intergovernmental Agreement (the “Agreement”) is made and entered into between <br />The Hospital Facilities Authority of the City of Medford, Oregon (the “Authority”) and the City of <br />Eugene, Oregon (the “City of Eugene”) for the benefit of Cascade Manor, Inc. (the “Borrower”), a <br />nonprofit adult congregate care facility located in the City of Eugene, Oregon. The Authority <br />proposes to issue Variable Rate Demand Revenue Bonds, Series 2006 (Cascade Manor Project) (the <br />“Series 2006 Bonds”), in one or more series, in an aggregate principal amount not exceeding <br />$20,000,000, for and on behalf of the Borrower to finance and/or refinance the costs of the <br />following projects (collectively, the “Projects”): <br /> <br />(i)to refinance a loan between the Borrower and PremierWest Bank, which financed <br />the construction, furnishing and equipping of approximately 50 units at Cascade <br />Manor, Inc. (the “Refunded Loan”); <br /> <br />(ii)to construct additions, renovations, improvements or enlargements to the health <br />center at Cascade Manor, Inc.; <br /> <br />(iii)to provide working capital or capitalized interest; and <br /> <br />(iv)to pay certain costs of issuance of the Bonds. <br />RECITALS <br /> <br />A.The Authority and the City of Eugene desire to enter into this Agreement to provide <br />cost savings to the Cascade Manor, Inc., an adult congregate care facility located in the City of <br />Eugene and hereby agree that the Authority shall act as the issuer of the Series 2006 Bonds for the <br />Projects. <br /> <br />B.The Authority and the City of Eugene acknowledge that they have authority to <br />execute and deliver this Agreement pursuant to ORS 190.010 and ORS 441.575. <br /> <br />C.The Project is located at the follow addresses: <br /> Cascade Manor, Inc. <br />th <br /> 65 West 30 Street <br /> Eugene, Oregon 97403 <br />NOW, THEREFORE, it is agreed by and between the Authority and the City of Eugene, as <br />follows: <br /> <br />1.Issuance by Authority. Pursuant to ORS 441.550(6) and 441.555, which provide that <br />an authority may issue revenue bonds to accomplish its purposes, and ORS 190.010, which provides <br />Intergovernmental Cooperation Agreement – Page 1 <br /> <br />