HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-321 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 MAY 12, 1'892 by the following vote:
AYES: Supervisors Powers, Fanden Schroder, Torlakson and McPeak
NOES: None
ABSENT: Noone
,ABSTAIN: None RESOLUTION NO.92/321
SUBJECT: APPROVE DEPOSITS BY FLOOD'CONTROL'ZONE 3B AND DRAINAGE'
AREAS 56 and 104 TO THE FLOOD CONTROL REVOLVING FUND AND
LOADS FROM THE FUND' TO DRAINAGE AREAS 52C, 55, and 73,
COUNTYWIDE
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 $333,000
Flood Contra Zone 38' 300,000
Drainage Area 56 160,000
Drainage Area 104 100,000
TOTAL: $893,000
WHEREAS the following entities need loans in the amount indicated:
Drainage Area 520 $100,0100
Drainage Area 55;; 683,000
Drainage Area 73 110,000
TOTAL: $893,000
WHEREAS Revolving Fund loans to Drainage Areas 52C and 73 are required for
refinancing preexisting loans; and
WHEREAS a Revolving Fund loan to Drainage Area 55 Is required to fund the
construction of Wee Antioch Greek'improvements; and
WHEREAS said loans shall be repaid to the depositing entities within three years from the
.dote of disbursement from the fund from monies available to said entitles through
drainage fees and the repayments sheil include interest on the maid balance, at 5.00'
percent per annum,which is the current rata 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 loans are
approved.
Orig. Oept.: Public Works (FC) i hereby certify tnat tr„s ib a true and correct copy Y
CC: Coutlty;Administrator an action taken and entt v dt on the minutes of tt%
oard of SuperWsors on the data shown.
Coum ounsel ATTESTED-
Auditor-Controller PHIL 6fthFa.OR,Clerk of the Board
Public Works Director of supervisors and Co my Administrator
PW-Flood Control
M K lv By -,Deputy
eputy
A:B0XI VS
RESOLUTION NO.92/321