HomeMy WebLinkAboutRESOLUTIONS - 04041995 - 95-151 /,/D
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 April 4, 1995 by the following vote:
AYES: Supervisors Rogers, Smith, DeSaulnier, Torlakson, Bishop
NOES: None
ABSENT: None
ABSTAIN:None RESOLUTION NO. 95/151
SUBJECT: APPROVE DEPOSITS BY DRAINAGE AREAS 13, 33A, 46 AND DISTRICT TO THE
FLOOD CONTROL REVOLVING FUND AND A LOAN FROM THE FUND TO DRAINAGE
AREA 73, 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 13 (2552) $130,000
Drainage Area 33A (2535) 75,000
Drainage Area 46 (2578) 40,000
Flood Control District (2505) 305.000
Total: $550,000
WHEREAS the following entity needs a loan in the amount,indicated:
I
Drainage Area 73 (2567) $550,000
WHEREAS a Revolving Fund loan is needed to refinance existing loans to Drainage Area
73; 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 and the State of California. Repayment
shall include interest on the unpaid balance at 6.73 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.
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 ahown.
ATTESTED: April 4, 1995
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
Orig. Dept.: Public Works (AD) QY a � _ ,Deputv
Contact Person: Milton Kubicek(510) 313-2203
MFK:drg
g\admin\milt:bo4.t4
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW- Flood Control
RESOLUTION NO. 95/151