HomeMy WebLinkAboutMINUTES - 12071993 - 1.36 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA AS
THE GOVERNING BOARD OF CONTRA COSTA COUNTY FLOOD CONTROL AND
WATER CONSERVATION DISTRICT
Adopted this Order on DECEMBER 7, 1993 by the following vote:
AYES: Supervisors Powers, Smith, Bishop, McPeak and Torlakson
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 93/700
SUBJECT: APPROVE DEPOSITS BY DRAINAGE AREAS 101A AND 1010 AND
ZONE 3B TO THE FLOOD CONTROL REVOLVING FUND AND LOANS
FROM THE FUND TO DRAINAGE AREAS 29C, 29D, 56, AND 73 AND
ZONE 7.
WHEREAS the following entities have funds that are temporarily not needed and are
available for deposit into the Flood Control District Revolving Fund:
Drainage Area 1010 (2580) $75,000
Drainage Area 101A (2581) 100,000
Flood Control Zone 3B (2520) 385,000
TOTAL: $560,000
WHEREAS the following entities needs a loan in the amount indicated:
Drainage Area 29C (2555) $40,000
Drainage Area 29D (2556) 30,000
Drainage Area 56 (2566) 60,000
Drainage Area 73 (2567) 373,000
Flood Control Zone 7 (2527) 51,000
TOTAL: $560,000
WHEREAS Revolving fund loans are required for Drainage Areas 29C, 29D, and 56 to
complete funding of drainage improvements within each area; and
WHEREAS Revolving fund loans are required for Drainage Area 73 and Flood Control
Zone 7 to refinance existing Revolving fund loans; and
WHEREAS said loans shall be repaid to the depositing entity within four years from the
date of disbursement form the fund from monies available to said entities through
drainage fees, and the repayments shall include interest on the unpaid balance at 4.2
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 loans are approved.
Contact Person: Milton Kubicek (510) 313-2203
MFK:lv:drg I hereby certify that this Is a fine and correct copy af
c:bo\7.t12 an action taken and entered on the minutes of the
Orig. Dept.: Public Works (AD) Board of Supendsors on the date shown,
cc: County Administrator ATTESTED: DEC 7 1gg3
County Counsel PHIL BA OkELOR,clerk of the Board
Auditor/Controller of Supervisors and county Administrator
By AQP k"U A —J;L "Deputy
RESOLUTION NO. 93/700 j
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