HomeMy WebLinkAboutMINUTES - 07132004 - C.44 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BOARD OF THE CONTRA COSTA COUNTY
FLOOD CONTROL AND WATER CONSERVATION DISTRICT aLO
Adopted this Resolution on July 13, 2004, by the following vote:
AYES: SUPERVISORS GIOIA, UILKEMA, GREENBERG, DESAULNIER AND GLOVER
NOES: NONE
ABSENT: NONE
ABSTAIN. NONE RESOLUTION NO. 2004/ 387
SUBJECT: Approve Deposit by Flood Control Zone 3B to the Flood Control Revolving Fund and
Approve Loan from the Fund to Drainage Area 67, Walnut Creek area. (Districts 11 & 111)
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 (252000) $300,000.00
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 67 (253900) $300,000.00
WHEREAS the proposed Rossmoor Detention Basin Expansion project in Drainage Area 67 has
an estimated project cost of$1.3 million and is $300,000 over budget due to unforeseen archeological
costs; and
WHEREAS the Revolving Fund loan is needed to eliminate the shortfall of the proposed Drainage
Area 67 project costs; and
WHEREAS a current approved development project (Subdivision 8350) in Drainage Area 67 will
be contributing$140,000 in drainage fees back into the fund when the subdivision final map is filed; and
I hereby certify that this is a true and correct copy of an
action taken and entered on the minutes of the Board of
Supervisors on the date shown.
ATTESTED: JULY 13,, 2004
KE:cw JOHN SWEETEN, Clerk of the Board of Supervisors and
G:1GrpOatalFtdCtNAdministrationlBoard orders12004 Bo County Administrator
12004 Resolutionskeso deposit 7-13-04.dac
orig.Dept.: Public Warks(Mood Control)
Contact Person: Kevin Emigh(325)313-2233
c: County Administrator
County Counsel By , Deputy
Auditor/Controller
PW—Mood Control
RESOLUTION NO. 20041 387
SUBJECT: Approve Deposit by Flood Control Zone 3B to the Flood Control Revolving Fund and
Approve Loan from the Fund to Drainage Area 67, Walnut Creek area. (Districts 11 & 111)
DATE: July 13, 2004
PAGE: 2
WHEREAS said loan shall be repaid to the depositing entities within five years from the date of
disbursement from the fund from monies available to said entities through drainage fee revenue.
Repayment shall include interest on the unpaid balance at 2.62 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.
RESOLUTION N0. 2004/387