HomeMy WebLinkAboutMINUTES - 06191984 - F.2 TO: BOARD OF SUPERVISORS
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FROM:• Finance Committee WJIa
DATE: June 11, 1984 `- ou "1
SUBJECT: Status Report on County .Storm Damage Repair,
Projects and Funding
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Accept report from the Public Works Director on current status of certain
storm damage repairs to the county road system and approve recommendation
that the proposed loan of $817, 668 from the State under the Mello Bill not
be accepted.
BACKGROUND
Funding for certain Federal Aid System road projects providing for full
reimbursement of storm damage repair costs has been assured by the Federal
Highway Administration. Also, the County will be reimbursed an additional
$480, 000 for projects already completed as a result of a policy change which
allows embankment stabilization as eligible for reimbursement.
The additional financing will allow for completion of certain projects for
which the loan application was made to the State under the Mello Bill.
Inasmuch as these projects will be completed with Federal funding, it is
proposed that the State loan offer not be accepted. This funding change
will result in interest savings over the next 4h years of about $240,000 .
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR _XX__ RECOMMENDATION OF BOARD COMMITTEE
X_APPROVE OTHER
SIGNATURE(S) Supervisor R. I. Schroder Supervisor S. W. McPeak
ACTION OF BOARD ON June 19 , 1984 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
X UNANIMOUS (ABSENT IV ) 1 HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
CC: Public Works Director ATTESTED �9 9
County Administrator J.R. LSSON. COUNTY CLERK
AND EX OFFICIO CLERK OF THE BOARD
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