HomeMy WebLinkAboutRESOLUTIONS - 01012004 - 2004-039 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BOARD OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Resolution on January 13, 2004, by the following vote:
AYES: SUPERVISORS GIOIA, UIL.KEMA, GREENBERG, An-1 1 GL017r
NOES: NONE
ABSENT: S-r�ERIVISOR DESAULNIER
ABSTAIN. NONE RESOLUTION NO. 20041 39
SUBJECT: Approve Deposit by Drainage Area 56 to the Flood Control Revolving Fund and Approve
Loan from the Fund to Drainage Area 29D, Antioch/Oakley area. (Districts V).
WHEREAS the following entity has funds that are temporarily not needed and are available for
deposit into the Flood Control District Revolving Fund:
Drainage Area'56 (256600) $360,000.00
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 29D (255600) $360,000.00
WHEREAS Revolving Fund loan is needed to eliminate negative fund balances and to finance
maintenance activities in the above Drainage Area; and
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 entities through drainage fee revenue.
Repayment shall include interest on the unpaid balance at 2.62 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.
o:iGrpDatakFidCCMAdministratlon\Soars orders 1 hereby Certify that this is a true and correct copy of an
X200Ori--D ePL,ir,vona so Public -13s(Floc action taken and entered on the minutes of the Board of
{)rig Dept.: Public Works(Flood Control)
Contact person: Unda Martinez(313-2279) supervisors on the date shown.
cc: County Administrator
County Counsel
Auditor/Controller ATTESTED: JANUARY 13 2004
PW-AccountingJOHN SWEETEN Clerk of the Board of Supervisors and
-Flood
d Control C
PW
County Administrator
By Deputy
RESOLUTION NO, 20041 39