HomeMy WebLinkAboutMINUTES - 02141992 - 1.11 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 JANUARY 14, 1992 by the following vote:
AYES: Supervisors Powers, Fanden, Schroder, Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO.
RESOLUTION NO. 92/24
SUBJECT: APPROVE DEPOSITS BY FLOOD CONTROL ZONES 1 AND 313, AND
DRAINAGE AREAS 40A, 48C, 76A, 1.010, AND 1:010A TO THE FLOOD
CONTROL REVOLVING FUND AND . LOANS FROM THE FUND TO
DRAINAGE AREAS 29H, 48B, AND 105, 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 Zone 1 $ 60,000
Flood Control Zone 3B 210,000
Drainage Area 40A 300,000
Drainage Area 48C 160,000
Drainage Area 76A ' 60,000
Drainage Area 1010 100,000
Drainage Area 1010A 40.000
TOTAL: $930,000
WHEREAS the following entities need loans in the amount indicated:
Drainage Area 29H 550,000
Drainage Area 48B 350,000
Drainage Area 105 30.000
TOTAL: $930,000
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
construction of a regional storm drain along Willow Pass Road in conjunction with the
widening of the road; and
WHEREAS a Revolving Fund loan to Drainage Area 105 is needed to complete funding
for the Deer Creek Detention Basin acquisition; and
RESOLUTION NO. 92/24
Revolving Fund and Loans
January 1-4, 1992
Page Two
WHEREAS said loans shall be repaid to the depositing entities 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 5.13
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 Superyllorson the date shown.
ATTESTED: JAn' 1 1RU
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
By .;�Q�?,�s�1.1 A l ,Deputy
Orig. Dept.: Public Works (FC)
cc: County Administrator
County Counsel
Auditor-Controller
Public Works Director
PW - Flood Control
MFK:Iv
A:BO\14.t1
RESOLUTION NO.92/24