HomeMy WebLinkAboutRESOLUTIONS - 01011997 - 1997-181 00
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on April 15, 1997 by the following vote:
AYES: Supervisors Rogers, Uilkema, Gerber, Canciamilla, DeSaulnier
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 97/181
SUBJECT: Approve Deposit by Drainage Area 3013,48C and Flood Control and Water
Conservation District to the Flood Control Revolving Fund and a Loan from
the Fund to Drainage Areas 29G, 30A, 30C, 40A, 56, 57, 105, 106,
Countywide.
WHEREAS the following entities have funds that are temporarily not needed and are
available for deposit into the Flood Control District Revolving Fund:
Drainage Area 30B (2546) $ 80,000
Drainage Area 48C (2572) $133,000
Flood Control District (2505) $530M0
$743,000
WHEREAS the following entities need loans in the amounts indicated:
Drainage Area 29G (2568) $ 60,000
Drainage Area 30A (2557) 14,000
Drainage Area 30C (2558) 118,000
Drainage Area 40A (2565) 133,000
Drainage Area 56 (2566) 78,000
Drainage Area 57 (2538) 300,000
Drainage Area 105 (2590) 20,000
Drainage Area 106 (2591) 20.000
$743,000
WHEREAS Revolving Fund loans are needed to eliminate negative cash balances and
refinance existing Revolving Fund loans in Drainage Areas 29G, 30A, 30C, 40A, 56, 105,
106; and
WHEREAS a Revolving Fund loan is needed for Drainage Area 30C to repay a portion of
the basin right of way costs to Liberty Union High School District in accordance with the
November 19, 1996 board order; and
WHEREAS a Revolving Fund loan is needed to complete the Detention Basin Projecton
Pacheco Creek in Drainage Area 57; and
WHEREAS said loans shall be repaid to the depositing entities within four years from the
date of disbursement from the fund from monies available to said entities through drainage
fees. Repayment shall include interest on the unpaid balance at 6.6 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 REVOLVED, as the Governing Board of Contra Costa County
Flood Control and Water Conservation District, that said deposits and loans are approved.
Orig.Dept.: Public works(AD)
Contact Person: M.Kublcek(313-2203) t hehbft 4101*911111 ft k•hw end sareat 07 at
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RESOLUTION NO. 97/181