HomeMy WebLinkAboutMINUTES - 02141992 - 1.12 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. 92/25
SUBJECT: APPROVE REFINANCING OF FLOOD CONTROL DISTRICT REVOLVING
FUND DEPOSITS AND LOANS, COUNTYWIDE
WHEREAS the following entities have funds deposited in the Flood Control District
Revolving Fund:
Flood Control District Drainage Area 29C Drainage Area 52C
Flood Control Zone 1 Drainage Area 29G Drainage Area 55
Flood Control Zone 3B Drainage Area 44B Drainage Area 67
Flood Control Zone 8A Drainage Area 46 Drainage Area 75A
Drainage Area 10 Drainage Area 48B Drainage Area 128
Drainage Area 22 Drainage Area 48C
WHEREAS the following entities have loans from the Flood Control District Revolving
Fund:
Flood Control Zone 7 Drainage Area 40A
Drainage Area 29D Drainage Area 48B
Drainage Area 29E Drainage Area 48D
Drainage Area 29H Drainage Area 52C
Drainage Area 29J Drainage Area 52D
Drainage Area 30A Drainage Area 73
Drainage Area 30C Drainage Area 105
WHEREAS interest rates have decreased significantly and a more current rate for said
deposits and loans is 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; and
WHEREAS the Chief Engineer recommends that said deposits and loans be refinanced
for a period of three years, commencing on January 1, 1992, at 5.13 percent per annum.
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
refinanced as recommended above.
Orig. Dept.: Public Works (FC)
cc: County Administrator I hereby certify that this is s true and correct copy of
County Counsel an action taken and entered on the minutes of the
Board of Supe rvigQrhon 1t�d�992 Wn.
Auditor-Controller "JAN 1
Public Works Director ATTESTPHIL BATCHELOR,Clerk of the Board
PW - Flood Control of Supervisors andmy Administrator
MFK:Iv By Deputy
A:BO\14.t1
RESOLUTION NO. 92/25