HomeMy WebLinkAboutMINUTES - 06061989 - 1.3 (2) i
J.-030
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on JUNE 6, 1989 by the following vote:
AYES: Supervisors Powers , Fanden, Schroder, McPeak $ Torlakson
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: APPROVE Deposits by Drainage Areas 22, 29G, 40A, 48B,
.f 48C, 75A, and 128, and District to the Flood Control
Revolving Fund and a Loan from the Fund to Drainage
Area 30A, Countywide
WHEREAS the following entities have amounts of funds that are
temporarily not needed and are available for deposit into the
Flood Control District Revolving Fund:
Drainage Area 22 $ 16, 000
Drainage Area 29G 57, 000
Drainage Area 40A 125, 000
Drainage Area 48B 49, 000
Drainage Area 48C 139,000
Drainage Area 75A 45,000
Drainage Area 128 150, 000
Flood Control District 46, 000
TOTAL: $627, 000
WHEREAS the following entity needs a loan in the amount
indicated:
.Drainage Area 30A $627, 000
WHEREAS a Revolving fund loan is required for Drainage Area 30A
for the construction of the outfall line for the easterly Laurel
Road detention basin and the acquisition of rights of way for the
westerly Laurel Road detention basin at Brown Road; and
WHEREAS said loan shall be repaid to the depositing entities
within two years from the date of disbursement from the fund
from monies available to said entity through drainage fees, and
the repayments shall include interest on the unpaid balance at
9. 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.
NOW THEREFORE BE IT RESOLVED, as the Governing Board of Contra
Costa County Flood Control and Water Conservation District, that
said deposits and loan are approved.
I hereby certify that this Is a True and correct copy of
an action taken and entered on the minutes of the
(4 Affirmative Votes Required) Board of Supervt� .or�the dj,8 own.
ATTESTED: (j �y y
PHIL BATCHELOR,Clerk of the Board
Originator: Public Works (FC) of Suparvi M and County Administrate►
cc: County Administrator
County Counsel � __ "-La; Deputy
Auditor/Controller '
Public Works Director
Flood Control Engineering
Accounting
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