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~ standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such DTC Participant and not of DTC, the Registrar/Paying Agent, or tiie Counr~. subject to an~ sta;utory or regulatory requirements as may oe in effect from time to time. Payment of principal and interest to DTC is tiie responsibility of the Cou~ity or tha Registra~~/Payina Agent, disbursement of such payments to Direct Participants shall be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners shall be the responsibility of Direct and Indirect Participants. DTC may discontinue providing its services as securities depository with respect to the Certificates at any time by giving reasonable notice to the County or the Registrar/Paying Agent, and dischazging its responsibilities with respect thereto. Under such circumstances, in the event that a successor depository is not obtained, Certificates are required to be printed and delivered. The County may decide to discontinue use of the system of book-entry transfers through DTC (or a successor securities depository). In such event, Certificates will be printed and delivered. The information in this section concerning DTC and DTC's book-entry system has been obtained from sources that the County believes to be reliable, but the County takes no responsibility for the accuracy thereof. THE COURTHOUSE SQUARE PROJECT History'of Courthouse Square Project In the middle 1970s, the Marion County Board of Commissioners began purchasing land and buildings on the block north of the County courthouse (the "Site"). The Site, commonly known as"the Senator Block" for the old Senator ~ Hotel which was its main building, is bounded by Chemeketa, Church, Court and High Streets in downtown Salem, Oregon (the "City"). T'he long-term goal was to consolidate County services near the courthouse as more County services for citizens were forced out of the existing courthouse because of growth in population in the County and the needs of the court system. Also during the 1970s, the City was developing a downtown master plan for growth. The City, which was then operating the Cherriots bus system as a municipal service, selected the same block being acquired by the County as the preferred site for a bus terminal in that master plan (1978 Downtown Master Plan). Over the years, additional studies commissioned by the Salem Area Mass Transit District (the "District"), which was formed as a separate District to take over operation of the bus system, and by the Counry validated the County's need for consolidation of services, the transit system's need for a bus terminal and the selection of the Senator Block as the best site for these uses. In 1985, the District drew the first plans to utilize the Senator Block for the transit center. In 1995, a citizen's site selection committee of 23 persons surveyed 14 potential locations, studied three sites in detail and confirmed the desirability of the Senator Block for the transit center. The District is under an obligation to the City to move the bus hub off High Street where it currently impedes tra~c and reduces parking space. In 1995, a proposal to build Courthouse Square was presented at a joint meeting of the Salem City Council, the County's Board of Commissioners and the District. The proposal was accepted and in 1996, the County issued a request for proposals to redevelop the Senator Block to include County and transit offices, a bus mall and retail space. In 1996, a 10-member review panel conducted interviews with the two groups which responded to the request for proposal with qualified proposals. The review panel included community members and representatives of the City, the County and the District, the Salem Area Chamber of Commerce, and the Salem Downtown Association. The ~ 16