HomeMy WebLinkAboutMINUTES - 11061984 - X.6 X,C�
TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, CHIEF ENGINEER
DATE: November 5, 1984
SUBJECT: Approve the Transfer of Funds from Flood Control District Drainage Area 29H and
Zone 3B to the Flood Control District Revolving Fund and Loans from Said Fund to
Drainage Areas 13 and 15A, Alamo and Walnut Creek.
Specific Requests or Recommendations & Background & Justification
RECOMMENDATION
1. Approve, as the governing body of the Contra Costa County Flood Control and f
Water Conservation District, transfers of $75,000 from Drainage Area 29H and $119,000 from
Zone 3B to the Flood Control District Revolving Fund.
2. Approve a loan of $175,000 from said Fund to Drainage Area 13. Said loan shall be
repaid to the Fund from Drainage Area 13 within four years from the date of disbursement
from the Fund, from fees, charges, tax revenues or other moneys available to Drainage Area
13, together with interest on the unpaid balance at 11.75% per annum, which is the current
rate received on similar types of investments by Contra Costa County as determined by the
county treasurer.
3. Approve a loan of $19,000 from said Fund to Drainage Area 15A. Said loan shall be
repaid to the Fund from Drainage Area 15A within 15 years from the date of disbursement
from the Fund, from fees, charges, tax revenues or other moneys available to Drainage Area
15A, together with interest on the unpaid balance at 11.50% 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 loans are necessary to finance the construction of the Line A. Line C,
and C-4 improvements in Drainage Area 13, and the Line D-1 improvements in rainage Area
15A.
Continued on attachment: yes Signature:
Recommendation of County Administrator -- Recommend -ion of oar ommittee
Approve Other:
Signature(s):
Action of Board on: `to'u C/r Approved as Recommended Other_
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
�/Unanimous- .(Absent ) AND ENTERED ON' THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: Abstain: �"
d
Attest �. !�_ /yd-�
Orig. Div.: Flood Control District
Phil Batchelor
Clerk of the Board of
Supervisors and County
Administrator
cc: County Administrator
Auditor-Controller
County Counsel
Public Works Director By: Deputy
Flood Control Planning
Accounting
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