HomeMy WebLinkAboutMINUTES - 06051984 - 2.4 01.E
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on June 5, 1984 by the following vote:
AYES: Supervisors Powers, Fanden, Schroder, McPeak, Torlakson
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Authorize Loan Application of $103,900
from California Department of Transportation
Division of Aeronautics for Buchanan .Field
Airport Development
Org 0125
The Board having received a letter from the Public Works Director
RECOX14ENDING that Contra Costa County make application to the California
Department of Transportation, Division of Aeronautics, to borrow the
sum of $103,900 which is the local share for the Buchanan Field Airport
Federal Development Grant. The purpose of this loan is to free-up an
equivalent amount of enterprise fund money to continue revenue producing
development for the Airport.
The repayment schedule is based on a 25-year repayment with
the first payment coming due on July 1, 1986 . The interest rate is
the most current State of California Bond Rate.
IT IS BY THE BOARD ORDERED that the recommendation of the
Public Works Director is approved and he is authorized to execute said
loan application with the Division of Aeronautics.
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: �y
J.R. OLSSON, COUNTY CLEFIK
Orig. Dept. : Public Works/Airport and ex oHlcto Clcrk of the BoardyO
cc: County Administrator By 6
Public Works Director . Deputy
Accounting Division
Airport Manager
Auditor/Controller
State of California
Department of Transportation
Division of Aeronautics
1120 N. Street
Sacramento, California 95814
bo.grantloan6.5.84.T6
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