HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-369 RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF CONTRA COSTA
AMENDING 'RESOLUTION NO, 92-349
RESOLUTION NO. 92/ 36
WHEREAS, the Board of Supervisors (the "Board") of the
County of Centra Costa (the "County") by Resolution''No. 92/349,
adopted on May 19, 1992, authorized the borrowing of funds for
fiscal year 1992-1993 and the issuance and saleof County of
Contra Costa, California, 1992-1993 Tax and Revenue,'Anticipation
Notes' (the "Notes") ; and
WHEREAS, the Board has determined that it is desirable
to amend Resolution No. 92/349,
NOW, THEREFORE, the Board of ''Supervisors of the County
of Contra Costa hereby finds, determiner, declares and resolves
as follows:
,figction: l. c`tals. All of the recitals herein set
forth are true and correct, and the Beard so finds and
determines.
Section 2. Section 6(A) of Resolution 92/349 shall be
amended to read as follows.
"(A) The Pledged Revenues with respect to the
accounting period in which received shall be deposited by
the Treasurer-Tax Collector of the County in the Repayment
Fund; commencing the third` business day of each respective
accounting period, and thereafter at intervals" of no more
than every five business clays, and applied as directed in
this,, Resolution; and the 'Other Pledged! Moneys, if any, shall
be deposited by the Treasurer-Tax 'Collector of the County in
the Repayment Fund on the third business day prior to the
end of such accounting period and on each business day
thereafter, until the full amount of the moneys required by
Section S(B) ;has been so deposited in the Repayment Fund;
provided that, if on the date that is six months from the
date of issuance of the Notes of Serie: A amounts not
previously withdrawn from the County General .Fund
attributable to the sale of the Notes of Series A and, if
issued, the Notes of Series B do not exceed the greater of
(i) ten percent ('10%)'' of the proceeds of the Notes
(including investment earnings thereon) or (ii) ten percent
(10%) of the total amount' expended (not including restricted
funds) from the General Fund of the County in the 1991-1992
Fiscal Year, the amounts to be deposited in the Repayment
"Fund during the accounting period in which received shall be
deposited as soon as received. The principal of and
interest on the Notes constitute a first lien and charge on,
and shall be 'payable from, moneys in the Repayment Fund.
A:%CCPESOL.OM Ows1140wo-ms usrAM
RESOLUTION NO. 92/369
Moneys in the Repayment Fund shall be applied only as
hereinafter in this Section 6 provided."
Section 3. Except as herein► amended, Resolution 92/349
is hereby ratified and confirmed and shall remain in full force.
Section 4 This resolution shall take effect from and
after the date of its adoption.
PASSED AND ADOPTED by the Board of Supervisors of the
County of Contra 'Costa, State of California, this 2nd day of
June, 1992, by the following vote:
AYES: Supervisors ' Powers , Fanden, Schroder, Torlakson, McPeak
NOES': None
ABSENT: None
Chair of the Board of Supervisors
of the County of Contra Costa
(Seal)
Attest Phil Batchelor,
County Administrator and
Clerk of the Board of
Supervisors of the
County of Centra Costa
By:
A:NCCRESOL.002 2 0405'11-000079Mg 05/29/92
• 05-28-92 "'OH&S DRAFT "o. 1.,
RESOLUTION OF THE BOARD OF SUPER'VI'SORS
OF THE COUNTY OF CONTRA COSTA
AMENDING RESOLUTION NO. 92-349
RESOLUTION NO. 9 2/ 3 6
WHEREAS', the Board of Supervisors (the "Board") of the
County of Contra Costa (the "County") by Resolution No 92/349,,
adopted on May 19, 1992, authorized the borrowing of funds for
fiscal year 1992-1993and the issuance and sale of County of
Contra Costa,, California, 1992-1993 Tax and Revenue Anticipation'
Notes (the "Notes") ; and
WHEREAS, the Board has determined that it is desirable
to amend` Resolution No. 92/349;
NOW, THEREFORE, the Board of Supervisors of the County
of Contra Costa hereby finds, determines, declares and resolves
as follows:
Section 1. Recitals. All of the recitals herein set
forth are true and correct, and the Board so finds and
determines.
Section 2. Section 6(A) of Resolution 92/349 shall be
amended to read as follows:
"(A) The Pledged Revenues with respect to the
accounting period in which received shall be deposited by
the Treasurer-Tax Collector of the County in the Repayment
Fund commencing the third business day of each respective
accounting period, and thereafter at intervals of no more
than every five business 'days, and applied as directed in
this Resolution,* and the Other Pledged Moneys, if any, shall
be deposited by the Treasurer-Tax Collector of the County in
the Repayment Fund on the third business day prior to the
end of such accounting period and on each business day
thereafter, until the full amount of the moneys required by
Section 5(B) has been so deposited in:`the ;Repayment Fund;
provided that, if on the 'date that is six months from the
date of issuance of the Notes of Series A =amounts not
previously withdrawn from the County General Fund
attributable' to the sale of the Notes of Series A and, if
issued, the Notes of Series B do not exceed the greater of
(i) ten percent (16%) of the proceeds of the Notes''
(including investment earnings thereon) or (ii) ten percent
(10$) of the total amount expended (not including restricted'
funds) from the General Fund of the County in the 1991-1992
Fiscal Year, the,, amounts 'to be deposited in the Repayment
Fund during the accounting period in which received shall be
deposited as soon as received. The principal of and
interest on the Notes constitute a first lien and charge on,
and shall be payable from, moneys, in the Repayment Fund.
AACCR:ESOL.002 04051k40)0N4)28 05/28)92
RESOLUTION NO. '92/369