HomeMy WebLinkAboutRESOLUTIONS - 02062001 - 2001-57 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 February 6, 2001 by the following vote:
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AYES: SUPERVISORS GIOIA, GERBER, DESAULNIER, GLOVER AND UILKEMA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE RESOLUTION NO. 2001/57
SUBJECT: Approve Deposit by the District to the Flood Control Revolving Fund and a Loan from the
Fund to Drainage Area 30C, Brentwood area.
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 District (2505) $300,000
WHEREAS the following entity needs a loan in the amount indicated:
Drainage Area 30C (2558) $300,000
WHEREAS the Revolving Fund loan is needed to purchase detention basin rights-of-way in Drainage
Area 30C; and
WHEREAS said loans shall be repaid. to the depositing entities within five years from the date of
disbursement from the fund from monies available to said entity through drainage fee revenue.
Repayment shall include interest on the unpaid balance at 4.85 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.
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.
DHE:jlg date shown.
G:\GrpData\FldCtl\Administration\Board Orders\2001 B0\DA30C Brentwod 02-06-01.doc FEBRUARY 6 2001
ATTESTED: � -
Orig.Dept.: Public Works(Flood Control) PHIL BATCHELOR, Clerk of the Board
Contact Person: Dean Eckerson(313-2271) Of SU rvisors and County Administrator
cc: County Administrator By Deputy
County Counsel
Auditor/Controller
PW-Accounting
PW—Flood Control `