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HomeMy WebLinkAboutMINUTES - 07271993 - 1.32 32 AUDIT -CONTROLL ER USE N Y CONTRA COSTA COUNTY FINI.L APPROVAL NEEDED BY: APPROPRIATION ADJUSTMENT BOARD OF SUPERVISORS T/C 2 7 FCOUNTY ADMINISTRATOR ACCOUNT. CODING BUDGET UNIT: Sheriff ORGANIZATION EXPENDITURE 1 SUE-ACCOUNT EXPENDITURE -ktCHNT 9tSCRIPTlVli CECREASE INCREASE 100 100 I I 2500 1013 Temporary Salaries 1 $500,000100 2590 1014 Overtime $340,000.100 2590 1044 Retirement Expense 160,000.100 1 1 1 I I I I 1 I I I I � I 1 I I 1 1 I 7 I 1 i I 1 I I I i 1 i i I _ I I I I I TOTALS $500.000.00 $500,000,' 00 APPROVED EXPLANATION OF REQUEST 1 AUDITOR-CONTROLLER TO transfer salary & benefit appropriations o within the Sheriff-Coroner Agency in anticipation By: Date �� of final 1992-93 expenditures, including golden COON MINISTR TOR handshake retirement costs and to provide ap- prLopriations by major expenditures category by By: Date" Department. BOARD OF SUP RVISaRS YES: SUPERVISORS POWTjt&SMOK BISHOP.MCPEAK,TORLM= NO. Phil Batchelor. C!­k of the Board of Sunervimrs and Gc n y Administrator Sheriff' s Fiscal Of f i rer 7� SIGNATURE TITLE DATE By: Dote R. L. McDonald APPROPRIATION A POO �2 -7 ADJ. JOURNAL NO. (M 129 Rev.2/88) SEE INSTRUCTIONS ON REVERSE SIDE 1 . 34 Contra Costa TO: BOARD OF SUPERVISORS County FROM: Harvey E. Bragdon Director of Community Development DATE: July 27, 1993 SUBJECT: " Permanent Authorization of Industrial Development Bonds (HR 827 (Coyne) and�S 719 (Breaux and Bryan) ) SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS SUPPORT HR 827 (Coyne) and S 719 (Breaux and Bryan) legislation to permanently authorized industrial development bonds and AUTHORIZE the Chair to sign letters to County's legislative delegation. FISCAL IMPACT None. BACKGROUND/REASONS FOR RECOMMENDATIONS Contra Costa County has affirmatively addressed its economic development responsibilities through, among other things, the issuance of industrial development bonds. The County has issued industrial development bonds on two occasions: once to finance improvements to a steel company in East County and once to finance a nursing home. The authorization to issue industrial development bonds has expired. HR 827 and S 719 would permanently extend small issue industrial development bonds. This program would have been permanently extended under the provision of HR 11, the Revenue Act of 1992 . However, that legislation was vetoed by former President Bush. CONTINUED ON ATTACHMENT: YES SIGNATURE: f C�/� RECOMMENDATION OF COUNTY ADMINISTRATOR RE C ENDATION F BOARD CO TTEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON % APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. Jim Kennedy 646-4076 cc: Community Development � 3 County Administrator ATTESTED County Counsel P L BA CHEZ , CLERK OF via Community Development T E BOARD OF SUPERVISORS California State Association AND COUNTY ADMINISTRATOR of Counties dl/ , JK:Ih/sra9/hr827.bos BY DEPUTY The Board of Supervisors Contra Phil Batchelor (( / C,G Clerk of the Board ("Dunty Administration Building Costa ((( /j and County Administrator 651 Pine St., Room 106 (510)646-2371 Martinez, California 94553-1290 County Tom Powers, 1st District Jeff Smith,2nd District L_ Gayle Bishop,3rd District Sunne Wright McPeak,4th District j Tom Torlakson,5th District rT'S CUllp� July 27, 1993 Congressman William Baker 1724 Longworth Building Washington DC 20515 Dear Congressman aker: RE: Permanent Extension of Industrial Development Bonds: HR 827 (Coyne) and S 719 (Breaux and Bryan) The purpose of this letter is to urge, on behalf of the County of Contra Costa, your co- sponsorship of HR 827 and S 719. This bill would permanently extend small issue industrial development bonds (IDBS). The County of Contra Costa has utilized the authority to issue IDBS in the past to contribute to the economic development of the County. IDBs are a good tool for creating new jobs and retaining existing jobs, particularly in the manufacturing* area. Unfortunately, federal authorization for this program ended on June 30, 1992. Your co-sponsorship of this legislation will be a significant contribution to the existing effort to retain the availability of this program for our community. Sincerely, Tom Torlakson, Chair Board of Supervisors JK:7T:ih sra10/hr827.1tr