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HomeMy WebLinkAboutMINUTES - 06222010 - C.15RECOMMENDATION(S): ADOPT Resolution No. 2010/351 approving deposit of $50,000 by the Contra Costa County Flood Control & Water Conservation District (FC District) to the Flood Control Revolving Fund and approving a loan from the Flood Control Revolving Fund in the amount of $50,000 to Drainage Area 76A (DA 76A) for maintenance and administrative costs, Alamo area. (100% Flood Control District Funds) FISCAL IMPACT: There is no fiscal impact to the General Fund. Funds are deposited by the FC District 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. BACKGROUND: The special maintenance project to remove sediment from Serefix Basin and the associated administrative cost is expected to exceed available funding by $50,000 in fiscal years 2009-2011. The assessment rate for the past two years did not anticipate that level of maintenance APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 06/22/2010 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Federal D. Glover, District V Supervisor ABSENT:Susan A. Bonilla, District IV Supervisor Contact: Tim Jensen (925) 313-2390 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. ATTESTED: June 22, 2010 David J. Twa, County Administrator and Clerk of the Board of Supervisors By: EMY L. SHARP, Deputy cc: R. Mitch Avalon, Deputy Chief Engineer, Tim Jensen, Flood Control, Adrienne Clark, Finance, Catherine Windham, Flood Control, Bob Campbell, County Auditor-Controller's Office, Sue Turner, County Auditor-Controller's Office C. 15 To:Contra Costa County Flood Control District Board of Supervisors From:Julia R. Bueren, Public Works Director/Chief Engineer Date:June 22, 2010 Contra Costa County Subject:ADOPT RESOLUTION APPROVING DEPOSIT BY THE FLOOD CONTROL DISTRICT TO THE FLOOD CONTROL REVOLVING FUND AND LOAN FROM THE FUND TO DRAINAGE AREA 76A. BACKGROUND: (CONT'D) and administrative costs and was set too low. The assessment rate will be increased sufficiently to replenish the DA 76A fund and repay the loan principal and interest within five years. The FC District currently has funds that 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 the FC District to the Flood Control Revolving Fund and a loan from the Flood Control Revolving Fund to DA 76A. CONSEQUENCE OF NEGATIVE ACTION: If the proposed deposit and loans are not approved, there will be no funding for FC District services for DA 76A during FY 2010-11. CHILDREN'S IMPACT STATEMENT: ATTACHMENTS Resolution No. 2010/351