HomeMy WebLinkAboutRESOLUTIONS - 01011998 - 1998-021 THE BOARD OF SL, =RVISORS OF CONTRA COSTA ( —,UNTY, CALIFORNIA �'•
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on January 20, 1998 by the following vote:
AYES: Supervisors Uilkema, Gerber, DeSaulnier, Canciamilla, Rogers
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 981_21
SUBJECT: Approve Deposit by Drainage Areas 10, 46, 67, 52A, 101A, 1010 to the
Flood Control Revolving fund and a Loan from the Fund to Drainage Area
30C.
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 10 (2554) $ 80,000
Drainage Area 46 (2578) 64,000
Drainage Area 52A (2553) 7,000
Drainage Area 67 (2539) 70,000
Drainage Area 101A (2581) 140,000
Drainage Area 1010 (2580) 170.000
$531,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 30C (2558) $531,000
WHEREAS a revolving fund loan is needed to refinance two existing revolving fund
loans in Drainage Area 30C to pay back the original depositing entities.
WHEREAS said loan shall be repaid to the depositing entities within five 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 5.93% 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.
1 hereby certify that this is a true and correct
MFK:drg copy of an action taken and entered on the
g:admin:miltlbo\20-1.wpd minutes of the Board of Supervisors on the
Orig. Dept.: Public Works(AD) date shown. 1998
Contact Person: Milton Kubicek(313-2203) ATTESTED: � iary ��'
cc: County Administrator PHIL BATCHELOR, Clerk of the Board
County Counsel of Supervisors and County Administrator
Auditor-Controller Deputy
Accounting By
Flood Control
RESOLUTION # 98l 21