HomeMy WebLinkAboutMINUTES - 07271999 - C14 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on July 27, 1999 by the following vote:
AYES: SUPERVISORS GILCIA, UILK&.A, GERBER9 DESKIaNIER9 XND CM- CIAMILLA
NOES: NOTE
ABSENT: NONE,
ABSTAIN: TION . RESOLUTION O. 99/376
SUBJECT: Approve Deposit by Drainage Area 13 and District to the Flood Control Revolving Fund and
Loans from the Fund to Drainage Areas 521 , 73 and 76 and Zone 7, Countywide.
WHEREAS the following entities have funds that are temporarily not needed and are available for deposit
into the Flood Control District Revolving Fund:
Drainage Area 13 (2552) $30,000
Flood Control District (2505) l73-8.000
$768,000
WHEREAS the following entities need loans in the amounts indicated:
Drainage Area 52D (2584) $310,000
Drainage Area 73 (2567) $240,000
Drainage Area 76 (2542) $30,000
Zone 7 (2527) S188.000
$768,000
WHEREAS Revolving Fund loans are needed to refinance existing Revolving Fund loans in Drainage
Areas 52D4 73 and 76 and Zone 7; and
WHEREAS said loans shall be repaid to the depositing entities within five years from the date of
disbursement from the fund from monies available to said entities through drainage fees and tax
revenue. Repayment shall include interest on the unpaid balance at 5.25 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.
M.F K-.,!9 ' is a true and correct
Data\PdCMoard Orders\!M Sires jul 27 89. roc V.
GAGrPL I her by cartily It ,at this
Ong.Dept: Pubilc Works(Flood Control) copy of an action takarl and' ente-red on trle
Contact Person: Milt Kubic-ek(313-2239) rnimjtas of the Board OfSuperv'�SOrs O V:10
date sMowin
cc, County Adrn!n1strator
1
counly Counsel ATTEST Z0
iEU rk of the Goard
Auditor/Contralle, BACHI-10
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