Code: DJCB
Adopted: 3/11/10
Readopted: 2/21/17; 5/10/22
Orig. Code(s): DJCB

In accordance with Oregon Revised Statute (ORS) 334.125 (6)(a) the Board may locate, buy, accept by gift or lease such land, buildings, and facilities as may be required for ESD purposes. When the ESD needs facilities or equipment for agency programs, the board designates the superintendent as responsible for determining the most efficient procurement means for obtaining those facilities or equipment.   

Leases authorized by this section may be for a term of up to 30 years and include lease-purchase agreements by which the ESD may acquire ownership of the leased property. 

The Board authorizes the superintendent to execute equipment leases that carry an annual cost less than $25,000. The superintendent will inform the Board of all leases that have been executed via the appropriate administrative report. 

The Board must authorize any lease that exceeds an annual cost of $25,000, or is a multi-year facilities lease, or is a lease-purchase agreement for real property. The superintendent will develop and implement lease procurement procedures to implement this policy.

Legal Reference(s): 

• ORS Chapters 279A, 279B and 279C
  
• OAR Chapter 125, Divisions 246-249