HomeMy WebLinkAboutRESOLUTIONS - 08051997 - 97-413 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
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AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on August 5, 1997 by the following vote:
AYES: Supervisor Rogers, Gerber, Canciamilla, DeSaulnier
NOES: None
ABSENT: Supervisor Uilkema
ABSTAIN: None RESOLUTION NO. 97/413
SUBJECT: Approve Deposit by Flood Control and Water Conservation District to the Flood Control
Revolving Fund and a Loan from the Fund to Flood Control Zone 1, Countywide.
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 District (2505) $120,000
WHEREAS the following entity needs a loan in the amount indicated:
Flood Control Zone 1 (2521) $120,000
WHEREAS a Revolving Fund loan is needed to eliminate a negative cash balance resulting from loans
made to other entities by Flood Control Zone 1 for the Marsh Creek project.
WHEREAS said loan shall be repaid to the depositing entity within two years from the date of
disbursement from the fund from monies available to said entity through drainage fees. Repayment shall
include interest on the unpaid balance at 6.0 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 REVOLVED, as the Governing Board of Contra Costa County Flood Control
and Water Conservation District, that said deposit and loan is approved.
Orig. Dept.: Public Works(AD) f tleroby cw*that this Is a true and=72001
crtert a tl i
an actlon taken and entered on the minutsa ai
Contact Person: M.Kubicek(313-2203) Board of Supervisors on the datashhown.
MFK:drg �STpHILBATELOA,Clerk the board
g:\admin\milt:\resB-5.wpd ofsupervl, and CountyAdmintatraW
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW-Flood Control
RESOLUTION NO. 97/41