HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-415 1 Is'
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order"on JUNE 16, 1992 by the following vote:
AYES: Supervisors Powers, Fanden Schroder; Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 92/415,
SUBJECT: APPROVE DEPOSITS BY ZONE: 8A and DISTRICT TO THE FLOOD'
CONTROL 'REVOLVING FUND AND A LOAN FROM THE 'FUND TO
DRAINAGE AREA 29H and 13, COUNTYWIDE.
WHEREAS the following entities have amounts of funds that are temporarily not-needed
and are'available for deposit into the Flood Control District Revolving Fund
Flood Control Zone 8A (2531) $ 56,000
Flood Control District' (2505) 250.000
TOTAL: $306,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 29H (2569) $200,000
Drainage Area 73 (2567) 106.000
TOTAL: $306,000
WHEREAS a Revolving fund loan is rewired for Drainage Area 29H to construct the
outfall storm drain for Highway 4, and
WHEREAS a Revolving Ivan is required for Drainage Area 73 to find the local cost share
of the Carps of Engineers Wildcat-San Pablo Creeks 'Project; and
WHEREAS said loan shall'be repaid to the depositing entities within three 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 5.0 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, as the Governing Board of Contra Costa County
Flood Control and Water Conservation District,that said deposits and loan are approved.
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a:1'6.t6 i hereby:w by that this*e true and oonict oW 3f
an action taken OW entmed on the, minutes of the'
Originator: Public Works (FC) Board or SuperAma'an,do date shote.
cc County Administrator ATTESTED: a 19S2
PHIL BATi0ka-0A.Clerk of the Board
County Counsel of SuWvfsomand courgy Adrninhostor
Auditor/Controller .
Public Works Director' By h /��,,.,h
P.W. Flood Control
P.W. Accounting
RESOLUTION NO. 92/415