HomeMy WebLinkAboutMINUTES - 10081996 - C9 C j
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on October 8, 1996 by the following vote:
AYES: Supervisors Rogers, Bishop, DeSaulnier, Torlakson, Smith
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 96/458
SUBJECT: Approve Deposits by Drainage Area 13 and Flood Control Zone 3B to
the Flood Control Revolving Fund and a Loan from the Fund to
Drainage Area 76, Alamo 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 3B (2520) $ 79,000
Drainage Area 13 (2552) $125,000
TOTAL $204,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 76 (2542) $204,000
WHEREAS a Revolving Fund loan is needed to fund a portion of the Miranda Creek
Bypass Storm Drain Project construction costs in Drainage Area 76.
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 6.5 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.
1 hereby certify that this Is a true and correct Copy e/
In action ta1r._:- �g.��,entared on the minutes o jh,
Board of Su;ar" i�thf v
ATTESTED:
HILBATCHE�LO�R�Clerkofot th
` 44 e,
pw
Orig. Dept: Public Works(Admin)
Contact Person: M. Kubicek(313-2203)
MFK:drg
g\admin\milt:bo8.t10
Orig. Dept.:Public Works(AD)
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW-Flood Control
RESOLUTION NO. 96/458