HomeMy WebLinkAboutMINUTES - 06161992 - 1.15 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on JUNE 16, 1992 by the following vote:
AYES: Supervisors Powers, Fanden, Schroder, Torlakson and McPeak
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 92/415
SUBJECT: APPROVE DEPOSITS BY ZONE 8A and DISTRICT TO THE FLOOD
CONTROL REVOLVING FUND AND A LOAN FROM THE FUND TO
DRAINAGE AREA 29H and 13, 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:
Flood Control Zone 8A (2531) $ 56,000
Flood Control District (2505) 250,000
TOTAL: $306,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 29H (2569) $200,000
Drainage Area 73 (2567) 106,000
TOTAL: $306,000
WHEREAS a Revolving fund loan is required for Drainage Area 29H to construct the
outfall storm drain for Highway 4, and
WHEREAS a Revolving loan is required for Drainage Area 73 to find the local cost share
of the Corps of Engineers Wildcat-San Pablo Creeks Project; and
WHEREAS said loan shall be repaid to the depositing entities 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 5.0 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.
MFK:ly
a:16.t6 i hereby certify that this is it true and correct copy of
an action taken and entered on the minutes of the
Originator: Public Works (FC) Board of Supervisoors��to+n the date2shown.
D: JUN cc: County Administrator �TTESTPHIL BATCHELOR,Clark of the hoard @�
County Counsel of Supervisors and County Administrator
Auditor/Controller
Public Works Director Sys AALMO-10:6L ,Deputy
P.W. Flood Control
P.W. Accounting
RESOLUTION NO. 92/415