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HomeMy WebLinkAboutMINUTES - 08032004 - C.10 TO: BOARD OF SUPERVISORS, AS GOVERNING BOARD OF THE CONTRA COSTA COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT FROM: MAURICE SHIU, CHIEF ENGINEER DATE: AUGUST 3, 2004 SUBJECT: ADOPT RESOLUTION APPROVING DEPOSIT BY FLOOD CONTROL ZONE 3B TO THE FLOOD CONTROL REVOLVING FUND AND LOAN FROM THE FUND TO DRAINAGE AREA 29G. SPECIFIC REQUEST(S) OR RECOMMENDATIONS) &BACKGROUND AND JUSTIFICATION I. Recommended Action: ADOPT Resolution No. 2004/422 approving deposit of $150,000 by Flood Control Zone 3B to the Flood Control Revolving Fund and approving a loan of $150,000 from the Flood Control Revolving Fund to Drainage Area 29G to fund repairs to Storm Drain Line A, Central County and Oakley areas. (Flood Control Zone 3B Funds) (Districts 11, 111, IV &V) Continued on Attachment: X SIGNATURLE: ..g,�RECOMMENDATION OF COUNTY ADMINISTRAR —RECOMMENDATION OF BOARD COMMITTEE —,--APPROVE OTHER SIGNATURE ACTION OF B(�� ONAWUST 03,_ 2004 APPROVED AS RECOMMENDED xx OTHER VOTE OF SUPERVISORS XX UNANIMOUS (ABSENT NONE._ AYES: NOES: ABSENT: ABSTAIN: I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. GC;LM:cw G:\GrpData\FldC'tl\Adnnistmdon\Board OrdeW2004 90\29G Rev Fund BO 8-03-04.doc ATTESTED: Orig.Div: Public Works(Flood Control) AUGUST 03, 2004 Contact: Greg Connaughton(92S)313-2271 JOHN SWEETEN,Clerk of the Board cc: County Assessor of Supervisors and County Administrator County Auditor-Controller County Counsel Treasurer-Tax Collector rF Linda Martinez,Public Works(Flood Control) By........ Deputy SUBJECT: ADOPT RESOLUTION APPROVING DEPOSIT BY FLOOD CONTROL ZONE 3B TO THE FLOOD CONTROL REVOLVING FUND AND LOAN FROM THE FUND TO DRAINAGE AREA 29G. (DISTRICTS II,III,IV&V) DATE: AUGUST 3, 2004 PAGE: 2 Il. Fiscal Impact: There is no fiscal impact to the General Fund. Funds are deposited by a drainage entity into the Flood Control Revolving Fund and loaned from the Flood Control Revolving Fund to another drainage entity. The borrowing drainage entity agrees to pay the loan principal and interest over a five-year period. Drainage Area 29G currently does not have sufficient funds available to repair damage caused to Storm Drain Line A and needs to borrow $150,000 from the Flood Control Revolving Fund. Flood Control Zone 3B currently has funds which are temporarily not needed and are available to deposit to the Flood Control Revolving Fund. III. Reasons far Recommendations and Back round: Storm Drain Line A in Drainage Area 29G, Oakley, has been damaged since its construction in 1994. Numerous repairs have been made to a section of the line to mitigate the effects of the damage to the surrounding areas. An additional assessment of repairs is necessary to plan restoration of the storm drain line to its complete functioning capacity. Approximately $94,000 was spent in fiscal year 2003-2004 to repair and to design additional repairs of several sections of Storm Drain Line A. Additional repairs are necessary for the storm drain pipe north of Wilbur Avenue. The estimated costs to perform these additional repairs in fiscal year 2004-2005 has yet to be determined and sent out to bid. An additional $56,000 is necessary to cover additional maintenance design and administrative expenditures, making the total project cost through fiscal year 2004-2005 at least $1.50,000. Drainage Area 29G currently does not have funds available to pay for the repairs. Flood Control Zone 3B currently has funds which are temporarily not needed and are available to be deposited into the Flood Control Revolving Fund. The attached resolution requests approval of the deposit from Flood Control Zone 3B to the Flood Control Revolving Fund and a loan from the Flood Control Revolving Fund to Drainage Area 29G. IV. Consequences of Negative Action: If the proposed deposit and loan are not approved, the neglected repair work may cause continued degradation to the storm drain line and may result in damage to private property. 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 Resolution on August 3, 2004, by the following vote: AYES: SUPERVISORS GIOIA, UILKEMA, GREENBERG, DESAULNIER AND GLOVER NOES: NONE ABSENT: NONE ABSTAIN: NONE RESOLUTION NO. 2004/ 422 SUBJECT: Approve Deposit by Flood Control Zone 3B to the Flood Control Revolving Fund and Loan from the Fund to Drainage Area 29G(Oakley area). (District H, 111, N &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 (2520) $150,000 WHEREAS the following entity needs a loan in the amount indicated: Drainage Area 29G(2568) $150,000 WHEREAS the Revolving Fund loan is needed to fund a repair project in Drainage Area 29G; and 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 entity through drainage fee revenue.Repayment shall include interest on the unpaid balance at 2.62 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. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of GC:Irn civ G:\GrpData\FIdCt!\AdmizzistrationlBoard(Jrders\2404 BO Supervisors on the date shown. \2004 Resolutions\29G Rev Fund resolution 8-03-04.doc ATTESTED: AUGUST 03,_..2004 Orig.Div: Public Works(Flood Control) Contact: Greg Connaughton(925)313-2271 JOHN SWEETEN,Clerk of the Board cc. County AoK of Supervisors and Cour Administrator County Auditor-Controller piCounty County Counsel Treasurer-Tax Collector Linda Martinez,Public Works(Flood Control) By ,Deputy Resolution No.20041 422