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TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, CHIEF ENGINEER
DATE: May 13, 1986
SUBJECT: Approve the Transfer of Funds' from Drainage Area 40A to the Flood Control
District Revolving Fund and a Loan from Said Fund to Drainage Areas 29C and
56 , Oakley and Antioch Areas.
(Project Nos. 7555-6D� 8560 and 7566-6D •8222)
Specific Request(s) or Recommendations) & Background & Justification
RECOMMENDATION
1. Approve, as the Governing Body of the Contra Costa County Flood Control and Water
Conservation District, the transfer of $210,000 from Drainage Area 40A to the
Flood Control District Revolving Fund.
2. Approve loans from said Fund to the following Drainage Areas:
Entity Loan Amount
Drainage Area 29C $ 80,000
Drainage Area 56 130,000
TOTAL 210,000
FINANCIAL IMPACT
Said loan shall be repaid to the Fund from Drainage Areas 29C and 56 within four years =:
from the date of disbursement from the fund, from fees, charges, tax revenues or other
monies available to Drainage Areas 29C and 56, together with interest on the unpaid
balance at 7.5 percent per annum, which is the current rate received on similar, types
of investments by Contra Costa County as determined by the County Treasurer.
BACKGROUND
The proposed loans are necessary to finance the acquisition of rights-of-way required
for planned Drainage Areas 29C and 56 facilities. `
Continued on attachment: yes Signature:
;-
Recommendation of County Administrator mmendatiqWW BoArf Comm' tee
Approve Other:
Signature(s):
Action of Board on: MAY 2 0 1986 Approved as Recommended Other.
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
/ AND CORRECT COPY OF AN ACTION TAKEN
y Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
absent.: Abstain:
SYM:sj
29Ctran.t4 Attested MAY 2 0 198
9C
Orig. Div.: Public Works, Flood Control P iI Batchelor
cc: County Administrator Clerk of the Board of
Auditor-Controller Supervisors and County
County Counsel Administrator
Public Works Director
Accounting ,
By , DEPUTY