HomeMy WebLinkAboutRESOLUTIONS - 04161996 - 96-160 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
AS THE GOVERNING BODY OF THE CONTRA COSTA COUNTY C.
FLOOD CONTROL AND WATER CONSERVATION DISTRICT t•
Adopted this Order on April 16, 1996 by the following vote:
AYES: Supervisors Rogers, Bishop, DeSaulnier, Torlakson, Smith
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 96/160
SUBJECT: Approve Deposit by Drainage Area 13 to the Flood Control Revolving Fund
and a Loan from the Fund to Drainage Area 76, Alamo area.
WHEREAS the following entity has funds that are temporarily not needed and are available
for deposit into the Flood Control District Revolving Fund:
Drainage Area 13 (2552) $130,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 76 (2542) $130,000
WHEREAS a Revolving Fund loan is needed to complete the Miranda Creek Bypass
Project in Drainage Area 76; and
WHEREAS said loan shall be repaid to the depositing entity within four years from the date
of disbursement from the fund from monies available to said entity through drainage fees.
Repayment shall include interest on the unpaid balance at 5.3 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 deposit and loan are approved.
1 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
ATTESTED:.. April 1 ,
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
By d. Deputy.
Orig. Dept.: Public Works(AD)
Contact Person: M. Kubicek(313-2203)
MFK:drg
g:\admin\milt:res16.t4
cc: County Administrator
County Counsel
Auditor-Controller
PW-Accounting
PW-Flood Control
Corps of Engineers
North Richmond Redevelopment Agency
RESOLUTION NO. 96/160