HomeMy WebLinkAboutMINUTES - 09081992 - 1.46 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this order on SEPTEMBER 8, 1992 by the following vote:
AYES: Supervisors Powers, Fanden, Schroder, Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None Resolution No. 92/596
SUBJECT: APPROVE DEPOSITS BY DRAINAGE AREAS 29C AND 104 AND ZONE
3B TO THE FLOOD CONTROL REVOLVING FUND AND LOANS FROM
THE FUND TO DRAINAGE AREA 29H, 56, AND 73
WHEREAS the following entities have amounts of funds that are temporarily not needed
and are available for deposit into the Flood Control District Revolving Fund:
Drainage Area 29C (2555) $140,000
Drainage Area 104 (2589) 230,000
Flood Control Zone 3B (2520) 200,000
TOTAL: $570,000
WHEREAS the following entities needs loans in the amount indicated:
Drainage Area 29H (2569) $140,000
Drainage Area 56 (2566) 120,000
Drainage Area 73 (2567) 310,000
TOTAL: $570,000
WHEREAS a Revolving fund loan is required for Drainage Area 29H to construct the
outfall storm drain for Highway 4, and
WHEREAS a Revolving loan is required for Drainage Area 56 to finance the purchase of
rights of way for the Lindsey Detention Basin; and
WHEREAS a Revolving loan is required for Drainage Area 73 to finance the local cost
share of the Corps of Engineers Wildcat-San Pablo Creeks Project and to refinance an
existing loan; and
WHEREAS said loan shall be repaid to the depositing entities within three years from the
date of disbursement from the fund from monies available to said entity through drainage
fees, and the repayments shall include interest on the unpaid balance of 4.0 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 RESOLVED, as the Governing Board of Contra Costa County
Flood Control and Water Conservation District,that said deposits and loan are approved.
MFK:ly
a:bo\8.t9 I hereby certify that this is a true and correct copy of
in action taken and entered on the minutes of the
Originator: Public Works (FC) 3oard of supervisors on the date shown,
SEP g FJ1T
ATTESTED: `�
PHIL BATCHELOR,Clerk of the Board
Contact Person: Milton Kubicek, (510) 313-2203 of Supervisors and County Administrator
cc: Administrator's Office
Auditor/Controller By _� � _ - .Deputy
County Counsel
P.W. Flood Control RESOLUTION NO. 92/596