HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-304 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 May 13, 2003 by the following vote:
AYES: SUPERVISORS GIOLA, UILKEMA, GLOVER AND DESAULNIER
NOES: NONE
ABSENT: NONE
DISTRICT III SEAT VACANT
ABSTAIN: NONE RESOLUTION NO. 20031 304
SUBJECT: APPROVE an interest rate at 2.52 percent per annum for funds deposited to or
loaned from the Flood Control District Revolving Fund
The Board of Supervisors of Contra Costa County RESOLVES THAT;
WHEREAS, the following entities have funds deposited in the Flood Control District
Revolving Fund:
Flood Control District Drainage Area 29C Drainage Area 101A
Flood Control Zone f Drainage Area 30B Drainage Area 128
Flood Control Zone 3B Drainage Area 33A Drainage Area 75A
Drainage Area 10 Drainage Area 40A Drainage Area 76A
Drainage Area 13 Drainage Area 46 Drainage Area 520
Drainage Area 15A Drainage Area 48C Drainage Area 910
Drainage Area 16 Drainage Area 56 Drainage Area 1010
Drainage Area 22 Drainage Area 67
G:1GrpData\FidCMMrrdnistration\Board Orders12003 130%pprove Raw 5-13-03.doc
Originator. Public Works(FC)
Contact: Linda Martinez(925)313-2279 l hereby certify that this is a true and correct copy of an
County Administrator
County Counsel action taken and entered on the minutes of the Board
County Auditor Controller of Supervisors on the date shown.
Public Works
rh G.Connaughton,Flood Control
Accounting ATTESTED: MAY 132 2003
JOHN SWEETEN,Clerk of the Board of Supervisors
and County Administrator
By-- , Deputy
"Ao-
RESOLUTION NO. 2003/ 304
SUBJECT: APPROVE an interest rate at 2.52 percent per annum for funds deposited to
or loaned from the Flood Control District Revolving Fund
DATE: MAY 13, 2003
PANE: 2 of 2
WHEREAS,the following entities have loans from the Flood Control District Revolving
Fund:
Flood Control Zone 1 Drainage Area 30A Drainage Area 57
Flood Control Zone 7 Drainage Area 30C Drainage Area 73
Drainage Area- 29D Drainage Area 33B Drainage Area 76
Drainage Area 29E Drainage Area 40A Drainage Area 104
Drainage Area 29C Drainage Area 48B Drainage Area 105
Drainage Area 29H Drainage Area 48D
Drainage Area 29J Drainage Area 52D
WHEREAS, interest rates have decreased significantly and a current rate for said
deposits and loans is 2.52 percent per annum, which is the rate received on similar types of
investments by Contra Costa County as determined by the County Treasurer; and
WHEREAS, the Chief Engineer recommends that said deposits and loans be
refinanced for a period of five years, commencing July 1, 2002, at 2.52 percent per annum.
NOW THEREFORE BE IT RESOLVED,that the COUNTY Board of Supervisors of the
COUNTY of CONTRA COSTA, as the Governing Board of Contra Costa County Flood
Control and Water Conservation District, that said deposits and loans are refinanced as
recommended above.
RESOLUTION NO. 2003/ 304