HomeMy WebLinkAboutRESOLUTIONS - 01011997 - 97-419 THE BOARD OF SUPERVISORS OFC N `rr
O TRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on August 5, 1997 by the following vote:
AYES: Supervisor Rogers, Gerber, Canciamilla, DeSaulnier
NOES: None
ABSENT: Supervisor Uilkema
ABSTAIN: None RESOLUTION NO. 97/420
SUBJECT: Approve Deposit by Flood Control and Water Conservation District to the Flood Control
Revolving Fund and a Loan from the Fund to Drainage Area 30A Countywide.
WHEREAS the following entity has funds that are temporarily not needed and are available for deposit
into the Flood Control District Revolving Fund:
Flood Control District (2505) $120,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 30A (2557) $120,000
WHEREAS a Revolving Fund loan is needed to refinance existing Revolving Fund loan from Drainage
Area 56.
WHEREAS said loan shall be repaid to the depositing entity within two years from the date of
disbursement from the fund from monies available to said entity through drainage fees. Repayment shall
include interest on the unpaid balance at 6.0 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 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.Kubleek(313-2203)
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RESOLUTION NO. 97/42