HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-209 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 ,APRIL 7, 1912 by the following vote:
AYES:'< Supervisors Powers, Fanden, Torlakson and McPeak,
NOES: None'
ASSENT: Supervisor Schroder
ABSTAIN: None RESOLUTION NO 92/209
SUBJECT: APPROVE DEPOSITS BY FLOOD CONTROL ZONE 3B TO THE FLOOD
CONTROL REVOLVING FUND; AND A LOAN FROM THE FUND TO
DRAINAGE AREA 57, MARTINEZ AREA
WHEREAS the fallowing entity has funds that are temporarily not needed and ars
available for deposit into the Flood Control District Revolving Fund:
Flood Control Zane 3B $207,004
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 57 $207.000
WHEREAS a Revolving Fund loan to Drainage Area 57 is required to fund 50 percent of
the portion of regional drainage improvement costs exceeding the fee responsibilities for
two developers in the drainage area.
WHEREAS said loran Is expected to be repaid to ft depositing entity within four years
from the date of disbursement from the fund from monies available to said entity through
drainage fees and the repayments shall include interest;on the unpaid balance, at 6
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, ars the Governing Board of Contras Costa County
Flood Control and Water Conservation District,than said deposit and loan are approved.
Orig. Dept.: Public Works (FC)
cc: County Administrator
County Counsel
I hereby certify that trsb Is a stirâ–ºand correct copy of
Auditor-Cor'rtroller, S. Ybarra an action taken and entered on the Minutes of the
Public Works Director mrd of SupeMsOm On tft date shown.
PW Flood Control a MWED: ARD 2 ST
PHIL ditdI OR,Clerk of the Board
of Supervisors and County Administrator
MFILIv
A:BO\7.t4 gy ',
RLN NO. 921209