HomeMy WebLinkAboutMINUTES - 10301990 - 1.26 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY,
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on OCTOBER 30, 1990 by the following vote:
AYES: Supervisors Powers, Schroder, McPeak, Torlakson and Fanden
NOES: None
ABSENT: None
ABSTAIN: None
RESOLUTION NO. 90/721
SUBJECT: APPROVE DEPOSITS BY FLOOD CONTROL DISTRICT AND DRAINAGE
AREAS 29C, 29G, 46, AND 67 TO THE FLOOD CONTROL REVOLVING
FUND AND LOANS FROM THE FUND TO DRAINAGE AREAS 29H, 29J,
30A, 30C, AND 48B, COUNTYWIDE
WHEREAS the following entities have funds that are temporarily not needed and are
available for deposit into the Flood Control District Revolving Fund:
Flood Control District $ 94,000
Drainage Area 29C 225,000
Drainage Area 29G 10,000
Drainage Area 46 280,000
Drainage Area 67 109,000
TOTAL: $718,000
WHEREAS the following entities need loans in the amount indicated:
Drainage Area 29H $270,000
Drainage Area 29J 26,000
Drainage Area 30A 56,000
Drainage Area 30C 22,000
Drainage Area 48B 344.000
TOTAL: $718,000
WHEREAS a Revolving Fund loan to Drainage Area 29J, 30A, 30C are required to
refinance previous loans; and
WHEREAS a Revolving Fund loan to Drainage Area 29H is required to fund the
construction of a regional storm drain along Highway 4 in Oakley prior to widening of the
highway; and
WHEREAS a Revolving Fund loan to Drainage Are 48B is required to fund the purchase
of three detention basin sites along Highway 4 in West Pittsburg so that the basins can
be constructed with the widening of Highway 4; and
!RESOLUTION NO. 90/721
/.24
Revolving Fund and Loans
October 30, 1990
Page Two
WHEREAS said loan shall be repaid to the depositing entity within three years from the
date of disbursement from the fund from monies available to said entities through
drainage fees and the repayments shall include interest on the unpaid balance, at 8
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 deposit and loan are approved.
I hereby cartify that this is a True and correct copy of
an action taken ano entered on the minutes of the
Board of Supervljor_sn thq date shown.
ATTESTED: o L U !79 J
PHIL BATCHELOR,clerk of the Board
of Supervisors and county Adminwtrator
or tmpw
Orig. Dept.: Public Works (FC)
cc: County Administrator
County Counsel
Auditor-Controller
Public Works Director
PW - Flood Control
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