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OFFICIAL STATEMENT $22,000,000* Certificates of Participation (Courthouse Square Project) 1998 Series A Evidencing Direct, Fractional Undivided Interest in the 1998 Financing Payments to be made pursuant to the Financing and Trust Agreement described herein by MARION COUNTY, OREGON The information provided in this section will not be provided annually to the NRMSIRs and SIDs, if any. See the section entitled "Annual Disclosure Information"for the materia! which will be submitted annually. INTRODUCTION The purpose of this Official Statement, which includes the cover page and appendices heretq is to provide certain information pertaining to the sale and delivery of the Certificates of Participation (Courthouse Square Project) 1998 Series A(the "1998 Certificates") evidencing direct, fractional undivided interests of registered owners (the " Owners") thereof in the 1998 Financing Payments to be made by Marion County, Oregon (the "County") pursuant to a Financing and Trust Agreement, dated as of December 1, 1998, (the "Agreement") by and between the County and Norwest Bank ~ Minnesota, National Association, Minneapolis, Minnesota, as Trustee (the "Trustee"). Capitalized words and phrases used in this Official Statement and not otherwise defined herein have the respective meanings assigned thereto in Appendi~c A to this Official Statement. Brief descriptions and summaries of, and information relating to, the 1998 Certificates, the County, the Agreement and the Mortgage are induded in this Official Statement. Such descriptions, summaries and information do not purport to be complete and reference is made to the Agreement and the Mortgage for full and complete statements of their provisions. See "Appendix A: Summary of Certain Provisions of the Financing and Trust Agreement" for a summary of the Agreement and the Mortgage. All references to the Certificates, the Agreement and the Mortgage or the terms or provisions of any of the foregoing are qualified by reference to such documents in their entirety. THE 1998 CERTIFICATES General Description The 1998 Certificates are being executed and delivered by the Trustee pursuant to the Agreement evidencing aggregate principal components of the 1998 Financing Payments in the amount of $22,000,000*'. T'he principal components evidenced by the 1998 Certificates are due on the dates and in the amounts, all as set forth on the inside cover hereof. The interest components evidenced by the 1998 Certificates will be calculated from December I, 1998, at the rates per annum set forth on the cover hereof, payable semiannually on June 1 and December 1 of each year, commencing June 1, 1999. * Preliminary, subject to change ~