HomeMy WebLinkAboutRESOLUTIONS - 01012002 - 2002-450 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA C.1 V/
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Resolution on July 23, 2002 by the following vote:
AYES: Supervisors Gerber, Uilkema, Glover, and DeSaulnier
NOES: None
ABSENT: Supervisor John Gioia
ABSTAIN: None RESOLUTION NO. 2002/450
SUBJECT: Approve Deposit by the Flood Control District to the Flood Control Revolving Fund and
Loan from the Fund to Flood Control Zone 1, Antioch/Brentwood 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) $400,000
WHEREAS the following entity needs a loan in the amount indicated:
Flood Control Zone 1 (2521) $400,000
WHEREAS the Revolving Fund loan is needed to finance purchase of right of way at Marsh Creek, Deer
Creek and Upper Sand Creek Basin, 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 and Flood Control
Zone 1 property tax 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 ConservationDistrict, that said deposits and loans are approved.
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G:1GrpData\FWCtl\A.dministration\Board Orders12002 BOTCZ I RF 7-23-02.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: July 23, 2002
PW Accounting JOHN SWEETEN, clerk of the Board
PW Flood Control of Supervisors and County Administrator
By ,Deputy
RESOLUTION 2002/ 450