HomeMy WebLinkAboutMINUTES - 07301985 - 1.45 1-043
TO: BOARD OF SUPERVISORS
FROM: . J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: July 30, 1985
SUBJECT: Approve the Transfer of Funds from the Flood Control Drainage Area 29H to
the Flood Control District Re"volving Fund and a Loan from Said Fund to
Drainage Area 29J, Antioch Area.
Specific Request(s) or Recommendation(s) & Background & Justification
RECOMMENDATION
1. Approve, as the Governing Body of the Contra Costa County Flood Control and Water
Conservation District, the transfer of funds totaling $16,000 from Flood Control
Drainage Area 29H to the Flood Control District Revolving Fund; and
2. Approve a loan of $16,000 from said Fund to Drainage Area 29J.
FINANCIAL IMPACT
Said loan shall be repaid to the Fund from Drainage Area 29J within 5 years from the
date of disbursement from the fund, from fees, charges, tax revenues or other .monies
available to Drainage Area 29J, together with interest on the unpaid balance at 9.6%
percent per annum, which is the current rate received on similar types of investments
by Contra Costa County as determined by the County Treasurer.
BACKGROUND
The proposed loan is necessary to finance the construction of a chain link fence
around the Drainage Area 29J Detention basin to prevent trespassing and authorized
use of the basin site.
Continued on attachment: yes Signature:
Recommendation of County A ministrator eRecommendan of and ittee
Approve Other:
Signature(s)-
Action of Board on: JUL 3 01985 Approved as Recommended Other
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
/ AND CORRECT COPY OF AN ACTION TAKEN
V Unanimous (Absent Err- ) AND ENTERED ON THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: bstair�-
Attested
Orig. Div.: Public Works, Flood Control Phil'Batehel&
cc: County Administrator Clerk of the Board of
Auditor-Controller Supervisors and County
County Counsel Administrator
Public Works Director
Flood Control Planning
Accounting
By J, DEPUTY
SYM:pg
bo:transfundsDA29H.t7