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THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY,
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on APRIL 7, 1992 by the following vote:
AYES: Supervisors Powers, Fanden, Torlakson and McPeak
NOES: None
ABSENT: Supervisor Schroder
ABSTAIN: None RESOLUTION NO. 92/209
SUBJECT: APPROVE DEPOSITS BY FLOOD CONTROL ZONE 3B TO THE FLOOD
CONTROL REVOLVING FUND AND A LOAN FROM THE FUND TO
DRAINAGE AREA 57, MARTINEZ AREA
WHEREAS the following entity has funds that are temporarily not needed and are
available for deposit into the Flood Control District Revolving Fund:
Flood Control Zone 3B $207,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 57 $207,000
WHEREAS a Revolving Fund loan to Drainage Area 57 is required to fund 50 percent of
the portion of regional drainage improvement costs exceeding the fee responsibilities for
two developers in the drainage area.
WHEREAS said loan is expected to be repaid to the depositing entity within four 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 6
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 deposit and loan are approved.
Orig. Dept.: Public Works (FC)
cc: County Administrator
County Counsel
Auditor-Controller S. Ybarra ! hereby certify that this is®true and correct copy of
,an action taken and entered on the minutes of the
Public Works Director Board of Supervisors on the date shown.
PW - Flood Control ATTESTED: 19921r
PHIL BATCIiELOR,Clerk of the Board
of Supervisors and county Administrator
MFK:Iv
A:BO\7.t4 By __ JV ,Deputy
RESOLUTION NO. 92/209