HomeMy WebLinkAboutMINUTES - 12051995 - C8 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA C "�
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on December 5, 1995 by the following vote:
AYES: Supervisors Rogers, Smith, DeSaulnier, Bishop
NOES: None
ABSENT: Supervisor Torlakson
ABSTAIN: None RESOLUTION NO.95/593
SUBJECT: Approve Deposits by the Contra Costa County Flood Control and Water
Conservation District and Drainage Area 52C to the Flood Control
Revolving Fund and a Loan from the Fund to Drainage Area 104
Brentwood area.
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 (2505) $ 63,000
Drainage Area 52C (2571) $160,000
TOTAL $223,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 104 (2589) $223,000
WHEREAS a Revolving Fund loan is needed to fund a portion of the Lower Sand Creek
Detention Basin Site acquisition in Drainage Areal 04.
WHEREAS said loan shall be repaid to the depositing entities within four years from the
date of disbursement from the fund from monies available to said entities through drainage
fees. Repayment shall include interest on the unpaid balance at 5.8 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 REVOLVED, as the Governing Board of Contra Costa County
Flood Control and Water Conservation District, that said deposits and loan 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 Supervisors on the date shown.
ATTESTED: December 5,- 1995
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
Deputy
Orig. Dept: Public Works(Admin)
Contact Person: M. Kubicek(313-2203)
MFK:drg
g\admin\milt:bo28.t11
Orig.Dept.:Public Works(AD)
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW-Flood Control
RESOLUTION NO. 95/593