HomeMy WebLinkAboutRESOLUTIONS - 01012002 - 2002-267 e4t
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 Resolution on July 16, 2002 by the following vote:
AYES: Supervisors Gerber, Uilkema, Glover, and DeSaulnier
NOES: None
ABSENT: Supervisor Jahn Gioia
ABSTAIN: Norte RESOLUTION NO. 2002/ 267
SUBJECT: Approve Deposit by the Flood Control District to the Flood Control Revolving Fund and
Loan from the Fund to Drainage Area 29H, Oakley 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) $30,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 29H (2569) $30,000
WHEREAS the Revolving Fund loan is needed to refinance an existing loan to drainage Areas 29H,and
WHEREAS said loan shall be repaid to the depositing entity within four years from the date of
disbursement from the fund from monies available to said entity through drainage fee revenue.
Repayment shall include interest on the unpaid balance at 4.03 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:1m:cjd
G:\GrpData\FldCtl\Administration\Board Orders\2002 BO\DA 29H RF 7-16-02.doc I hereby certify that this is a true and correct
Orig.Dept.: Public Works(Flood Control) copy of an action taken and entered on the
Contact Person: Dean Eckerson(313-2271) minutes of the Board of Supervisors on the
cc: County Administrator date shown.
County Counsel
Auditor/Controller ATTESTED:---
PW Accounting JOHN SWEET N,cierkofthe Hoard
PW Flood Control of Supervisors and County Administrator
ByC` ,Deputy
Resolution No. 2002/ 267