HomeMy WebLinkAboutRESOLUTIONS - 01011993 - 1993-494 1
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Orderon August 10, 1993 by the following vote:
AYES: Supervisors Powers, Smith, Bishop, McPeak' and Torlakson
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 931494'
SUBJECT: APPROVE DEPOSIT BY ZONE 313 TO THE FLOOD CONTROL REVOLviNG FUND AND
LOANS FROM THE 'FUND TO DRAINAGE AREAS 33B AND 488, COUNTYWIDE
WHEREAS the following entity has amounts of funds that are temporarily not needed and
are available for deposit into the Flood Control District Revolving Fund:
Flood Control Zone 3B' (2520) $170,000
WHEREAS the following entities need loans in the amount Indicated:
[drainage Area 338 (2541)' $ 70,000"
Drainage Area 488 (2574) 100, O
TOTAL: $170,000
WHEREAS a ;Revolving Fund loan is required for Drainage Area 33B to reimburse a'
developer for construction of drainage area improvements;;and
WHEREAS a Revolving Fund loan is required for Drainage Area 48B to refinance an
existing Revolving Fund loan; and
WHEREAS said loans shall be repaid to the depositing entity within three years from the
date of disbursement from the fund from monies available to said entities through
drainage fees, and the repayments shall include interest on the unpaid balance at 4.2
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 deposit and loans are approved.
t hereby ceitity:,mat tnrs:is a true and correct coGY 71
an action taken and erettnud on the minutes of'tns
30ard of �e shown
Contact Person: `Milton Kubicek arresrEDr�: (
MFK:Iv (510) 313-22037 PHIL SATO ELOR.c of the soars
c:bo\1 dab of Supervb=wid ty Adtninkilrator
Orig. Dept.: Public Works (AD) 8I►
cc County Administrator
Auditor/Controller
County;Counsel
PW - Accounting
P - Flood Control
RESOLUTION NO. 931494