HomeMy WebLinkAboutRESOLUTIONS - 01012000 - 2000-149 I
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 4, 2000 by the following vote:
AYES: SUPERVISORS GIOIA, UILKEMA, DESAULNIER, CANCIAMILLA AND GERBER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE RESOLUTION NO. 2000/149
SUBJECT: Approve Deposit by the District to the Flood Control Revolving Fund and Loans from the
Fund to Drainage Areas 48B and 48D, Bay Point area.
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) $600,000
WHEREAS the following entities need loans in the amounts indicated:
Drainage Area 48D (2573) $386,000
Drainage Area 48B (2574) $214,000
$600,000
WHEREAS Revolving Fund loans are needed to refinance existing Revolving Fund loans in Drainage
Areas 48B and 48D so as to repay deposits to the Fund by Zone 3B; and
WHEREAS said loans shall be repaid to the depositing entities within five - ten years from the date of
disbursement from the fund from monies available to said entities through drainage fee revenue.
Repayment shall include interest on the unpaid balance at 6.56 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 loans are approved.
MFK:jlg
G:\GrpData\FldCtl\Administration\Board Orders\2000 BO\BO for DA48B,48D.doc
Orig.Dept.: Public Works(Flood Control) I hereby certify that this is a true and correct
Contact Person: Milt Kubicek(313-2239) copy of an action taken and entered on the
minutes of the Board of Supervisors on the
cc: County Administrator date shown.
County Counsel APRIL 4, 2000
Auditor/Controller ATTESTED:
PW-Accounting PHIL BATCHELOR, C:erk of the Board
PW—Flood Control of Sup rvisors and Count Administrator
By �� � Deputy