HomeMy WebLinkAboutRESOLUTIONS - 01012005 - 2005-610 THE BOARDOF SUPERVISORS OF
CONTRA,COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BOARD OF THE CONTRA COSTA COUNTY'
FLOOD CONTROL &WATER'CONSERVATION DISTRICT
Adopted this Resolution on September 27,2005,by the following vote:
AYES: Gioia,Piepho,DeSaulnier,Glover and Uilkema
NOES: None
ABSENT: None
ABSTAINS None'
R �C}LTTIQN..NCI►. 051 , 'l
SUBJECT: Approving Deposit'by Flood Control Zone 3B to the Flood Control Revolving Fund and
Approving Loan from the Fund to Drainage Area 29G, Central County and Antiocli/Oakley
areas. (Districts H,III,1V&V)
WHEREAS the following entity has funds that are temporarily not needed and are available for deposit
into the Flood Control District Revolving Fund:
Flood Control Zone 3B (252000) $850,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 29G'(256800) $850,000
WHEREAS said Revolving Fund loan is needed to eliminate the negative fund balance for fiscal year
2004-05 and to finance construction activity in the above Drainage'Area; and
I hereby certify that this is a true and correct copy of an
action taken and entered on the minutes of the Board of
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Supervisors on the date shown.
G:1GrpDatmiFldCtl\Board Orders 2005 Onward
\200513O1lteso RFL DA29G 9-27-05.doc + ►�Y e�G }
Orig.Dept.:Public works(Flood Control) ATTESTED/EN,
CX R'o r—
Contact:Greg Connaughton(925)313-2271 JOHN SWElerk of the Board of Supervisors and
cc: County Administrator' County AdministratorCounty Counsel ty
Auditor/Controller r
Linda Martinez,Public Works(Flood Control)
By
Deputy
RESOLUTION NO 2005! '�'�
SUBJECT: Approving Deposit by Flood Control Zone 3B to the Flood Control Revolving Fund and
Approving Loan from the Fund to Drainage Area 29G, Central County and Antioch/Oakley
areas. (Districts II,III, IV&V)
DATE: September 27, 2405
PAGE: 2 of 2
WHEREAS said loan shall be repaid to the depositing entity within five years from the date of
disbursement from the fund from monies available to said entities through drainage fee revenue. Repayment
shall include interest on the unpaid balance at 4.875 percent per annum,which is''the current rate received on
similar types of investments by Contra Costa County as determined by the County Treasurer,
NOW THEREFORE BE IT RESOLVED, as the Governing Board of Contra Costa County Flood
Control and water Conservation District,that said deposits and loans are approved,and authorize and direct
the Public Works Department and the Auditor—Controller to process the transactions for the 2004-05closing.