HomeMy WebLinkAboutMINUTES - 05051992 - 1.13 } 1, /3
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 MAY 5, 1992 by the following vote:
AYES: Supervisors. Powers, Fanden, Schroder, Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO.92/296
SUBJECT: APPROVE DEPOSIT BY FLOOD CONTROL ZONE 36 TO THE FLOOD
CONTROL REVOLVING FUND AND A LOAN FROM THE FUND TO
DRAINAGE AREA 101A, DANVILLE
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 $ 380,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 101 A $ 380,000
WHEREAS a Revolving Fund loan to Drainage Area 101A is required to fund a portion
of the construction costs for the regional detention basin (Bettencourt) serving the West
branch of Alamo Creek.
WHEREAS said loan shall be repaid to the depositing entity within three 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 5.44 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 loans are
approved.
I hereby certify that this Is a true and correct copy.if
an action taken and entered on the minutes of the
Board of Supervisors on thA datteshown.
ATTESTED: 1992 -
Orig. Dept.: Public Works (FC) PHIL BATCHELOR clerk of the Board
of Supervisors and my Administrator
cc: County Administrator ,
County Counsel By ,Deputy
Auditor-Controller
Public Works Director
PW - Flood Control
MFK.ly
A:B015.t5
RESOLUTION NO. 92/296