HomeMy WebLinkAboutMINUTES - 02271996 - C22 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA cr�A''
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on February 27, 1996 by the following vote:
AYES: SUPERVISORS ROGERS, BISHOP, DESAULNIER,. TORLAKSON, SMITH
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE RESOLUTION NO. 96/67
SUBJECT: Approve Deposits by Contra Costa County Flood Control Zone 1 and
Drainage Area 52C and 101A 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 Zone 1 (2521) $237,000
Drainage Area 52B (2549) 63,000
Drainage Area 101A (2581) 250.000
TOTAL $550,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 104 (2589) $550,000
WHEREAS a Revolving Fund loan is needed to fund a portion of the Upper Sand Creek
Detention Basin Site acquisition in Drainage Area 104.
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 5.3 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.
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of SupervFEEBRU FEBRUARY
shown.
96
ATTESTED:
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
BY GAG.Deputy
Orig. Dept. Public Works-Admin
Contact Person: (M. Kubicek-313-2203)
MFK:drg
g:\admin\milt\res27.t2
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW-Flood Control
RESOLUTION NO. 96/67