HomeMy WebLinkAboutMINUTES - 06021987 - 1.21 , TO: - BOARD OF SUPERVISORS, AS GOVERNING BOARD OF CONTRA COSTA COUNTY FLOOD CONTROL AND
WATER CONSERVATION DISTRICT
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: June 2, 1987
SUBJECT: Flood Control Loans to Drainage Areas 13, 29J, 30C, and 48D and County Redevelopment
Agency
Specific Requestsor
- Recommendation(s) & Background & Justification
RECOMMENDED ACTION:
1 . APPROVE the deposit of funds from the following entities to the Flood Control District
Revolving Fund:
Flood Control Zone BA $ 53,000
Drainage Area 48B 101 ,000
Total $154,000
2. APPROVE the loaning of funds at an annual rate of 8-1/2% from the Flood Control District
Revolving fund to the following entities:
Drainage Area 13 40,000
Drainage Area 29d 20,000
Drainage Area 30C 25 ,000
Drainage Area 48D 19,000
County Redevelopment Agency — 50,000
Total $154,000
The above loans are anticipated to be repaid within five years.
FINANCIAL IMPACT:
The entities borrowing the funds will incur an interest cost which will be transferred to
the benefit of the depositing entities.
REASONS FOR RECOMMENDATION/BACKGROUND:
The loan to Drainage Area 13 will permit the construction of a needed storm drain in the
Alamo area south of Rudgear Road, Lines E and E-1 of the adopted drainage plan.
The loan to Drainage Area 29J is to fund additinal work with the developer constructing the
outfall storm drain from the Drainage Area 29J detention basin to the river.
The loan to Drainage Area 30C is needed to cover the costs of amending the drainage plan
for the area to bring it into compliance with the new Oakley General Ppla ndd to convert
the drainage ordinace to an impervious surface ordinance.
Continued on attachment: yes Signatur!��
o
Recommendation of County Administrator 'Ateco Ammittee endation of Board
Approve Other:
Signature(s):
Action of Board on: JUN 2 1987 Approved as Recommended Other
Vote 0 - Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
Unanimous (Absent AND ENTERED ON THE MINUTES OF THE
Ay—es:• Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: Abstain: Attested JUN 2 1987
Orig. Div.: Public Works Dept. Phil Batchelor
cc: County Administrator Clerk of the Board of
County Counsel Supervisors and County
County Auditor Controller Administrator
Community Development Director
Public Works Dept.
Flood Control Eng.
Accounting By DEPUTY
,. 1, Z�'I
The, Y:o.4n to Drainage Area 48D is needed to reimburse a developer for his costs, beyond his
drainage fees obligation that were incurred in replacing a County concrete ditch with an
underground storm drain. The resultant work avoided a $70,000 future maintenance cost to
the County General Drainage Maintenance Fund .
The loan to the Redevelopment Agency is needed to help finance the development of redevelopment
projects for West Pittsburg and North Richmond . The future tax increments collected by the
agencies are expected to help finance the remaining drainage infrastructure needed in these
areas . The loan is being made to benefit Drainage Areas 19, 48B and 48D .
CONSEQUENCES OF NEGATIVE ACTION:
The above project will not proceed .
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