HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-025 /•l2
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY,
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on JANUARY 14, 1992 by the following vote
AYES: Supervisors Powers, Fanden, Schroder,' Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION"NO. 92125
SUBJECT: APPROVE REFINANCING OF FLOOD CONTROL DISTRICT REVOLVING
FUNS} DEPOSITS AND LOANS, COUNTYWIDE
WHEREAS the following entities have funds deposited in the Flood Control District
Revolving Fund:
Flood Control District Drainage Area 29C Drainage Area 62C
Flood Control Zone 1 Drainage Area 29G '' Drainage Area 55
Flood Control Zone 3B Drainage Area 44B Drainage Area 67
Flood Control Zone 8A Drainage Area 46 Drainage Area 75A
Drainage Area 10 Drainage Area 48B Drainage Area 128°
Drainage Area 22 Drainage Area 48C
WHEREAS the following entities have loans from the Flood Control District Revolving
Fund:
Flood<Control Zone 7 Drainage Area 40A
Drainage Area 29D Drainage Area 488
Drainage Area 29E Drainage Area 48D
Drainage Area 29H Drainage Area 52C
Drainage Area 29J Drainage Area 52D
Drainage Area 300 Drainage Area 73
Drainage Area 39C Drainage Area 105
WHEREAS interest rates have decreased significantly and a more current rate for said
deposits and loans is 5.13 percent per annum, which is the current rate received on
similar types' of investments by Contra Costa County as determined by the County
Treasurer; and
WHEREAS the Chief Engineer recommends that said deposits and loans be refinanced
for a period of three years, commencing on January 1, 1992, at 5.13 percent per annum;
NOW THEREFORE BE IT RESOLVED, as the Governing Board of Contra Costa County
Flood Control and Water Conservation' District, that said deposits and loans are
refinanced as recommended above.
Orig. Dept.: Public'Works (FC)
cc: County Administrator t henry certify that this is a-ftW and t OM0 C+of
County Counsel an action talon and entttenred on the mfnuteq Of th*
Auditor-Controller Board of Supe i 4 Shown.
ATTESTM-
92
Public'Works Director PHIL BATCHELOR,Clerk of the Board
PW - Flood'Control of Supervisors and my Administrator
MFK:Iv' By oepw
ABO\14.t1
RCOLUTION NO. 92/25