HomeMy WebLinkAboutMINUTES - 05091995 - 1.8 /'
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT
Adopted this Order on May 9, 1995 by the following vote:
AYES: Supervisors Rogers, Smith, DeSaulnier, Torlakson, Bishop
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 95/200
SUBJECT: APPROVE DEPOSITS BY DRAINAGE AREA 56 AND DISTRICT TO THE FLOOD
CONTROL REVOLVING FUND AND LOANS FROM THE FUND TO DRAINAGE AREAS
30A, 30C, 104, and Zone 7, 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 56 (2566) $300,000
Flood Control District (2505) 245.000
Total: $545,000
WHEREAS the following entities need loans in the amounts indicated:
Drainage Area 30A (2557) $100,000
Drainage Area 30C (2558) 45,000
Drainage Area 104 (2589) 300,000
Flood Control Zone 7 (2527) 100.000
Total: $545,000
WHEREAS Revolving Fund loans are needed to refinance existing loans to Drainage
Areas 30A and 30C;
WHEREAS a Revolving Fund loan is needed to purchase a portion of the Upper Sand
Creek Detention basin site in Drainage Area 104;
WHEREAS a Revolving Fund loan is needed to finance right-of-way and Corps of
Engineers cash deposits for the Wildcat Creek improvements; and
WHEREAS said loan shall be repaid to the depositing entities within four years from the
date of disbursement from the fund from monies available to said entities through drainage
fees and monies due from the Corps of Engineers, the State of California, and the North
Richmond Redevelopment Agency. Repayment shall include interest on the unpaid
balance at 6.76 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 REVOLVED, as the Governing Board of Contra Costa County
Flood Control and Water Conservation District, that said deposits and loans are approved.
Orig.Dept.: Public Works(AD) 1 hereby certify that this Is a true and Correct co
Contact Person: Milton Kubicek(510)313-2203 copy of
an action taken and entered on the minutes of the
MFK:drg
Board of Supervisors on the date shown.g\admin\milt:bo5.t9 ATTESTED: May 9, 1995
PHIL BATCHELOR,Clerk of the Board
cc: County Administrator of Supervisors and County Administrator
County Counsel .
Auditor-Controller
PW-Accounting By ,Deputy
PW-Flood Control
Corps of Engineers
North Richmond Redevelopment Agency
RESOLUTION NO. 95/200