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HomeMy WebLinkAbout00-102BC}~1~D ~;1F SUPER~f.~~F ''C©UNTY OF BUTTE, STATE +G)F , CALF~'Qt'~{'~tlA 12esolufian No. oo-zoz IZl?SOLl1TION APNKOPRIA"PING MONIG:S TU 'h11P; COl1N"~CY SC.12V(C'1; AREA REVOLVING LOAN [~l'NI) ~1NU ('()l1N"I'Y SC:itl~'IC'E .-~IZF,A 34 WHEiZ~AS, the 13~itte County Hoard ol~ Supervisors, pursuarll to Resolution Nu. 75-K2, estahlishal a County Service ,-lrca Revolving Loan fund, and W[-lL:1ZF.~1S, Government Cede Section ?5?]0.9c provides that a Co~int~~ ma_y <<pprupriatcd anv ul~it available monies to such fund in an amount not to exceed Sl_000,0O0; and V1'Hl?RI~,~~S, said Section ~'7'?10.9c further pruridcs chat said rc~~ol~~in~~ fund shall he i'e1nlbUrsCd I1'Om Illollles nladC aV"a11abIC hum a hCnl'Illln~,: SCr~'1CC tn'f:a i1nC~ lhal nC) SlIn15 Sha~~ hC dlSbUrSCCI from the reVt)IVlllg IUnd rnltll the ~3oard O~ Sl1pC1'VISOCS has, bV resolUtlon. CSlahhshed a method by the term (not exceeding ten years) within which the county service area is to reimburse the revolving tinxl, and specified that the Service area also shall reimburse the funds (()r 1ntCrest at the Clll'I`Cnt talc pel' a17111tm 1'eeelyed t)n SImllfll' tyllCS Of 1nVCSt1111 ntS, aS detel'm(ned by the Cuuniv ~I~rcasurer: and ~~'llEltE~15, the 13uttc County Board ul~ Supervisors has determiner( there is a nccd to malnlalll a b<danCC In the ~ uUnl\ ~('rV'iCC ~~rea IZcvulvlllg LOan I'Llnd: and ~~~Ii[?IZh,~~S, the Butte County Huard of Supervisors has determined that there is a nccd tt~ prC1V'IdC n]omeS t(1 Corinty SCI'V1CC /~I"ea '} - f irldley ~i~V111117]1I1~.? I~OI)I (()1' LllamtenanCC and operation ol~ said pool. NOW, Tili?R~FOIiE, I3I. IT I~ESOLVF;D b}~ the 13ultc County Board of Supervisors ;hat: 1. $?~,O(?O.UO is to be clisburscd from the CSn IZc~~ul~~in~~ Loan fund to C'uunt~~ `~crvicc ACCa ?~. ?. The sum disbursed to County Service l~rea ;4 shall be reimbursed to the I:evulvin~~ Loan Lund accordinU~ to authorised statutes. ;. Co~u~ty Service ,~rca ;4 shall also reimburse the Rcvolvin~~ I,c~~~n l~un~l I~>>~ interest at ~~ rate per annum e~aual to that earned b.' the ('ounly on similar types oi~ investments, as determined by the County l~rcasurer. YASSED AND ADOP"TAD by the Butte County Board of Supervisors, on this K''' da_y oi` !~u~~usl. 2000, hti~ the li~llowing vote: ;1Y1~,S: Supervisors Beeler, Houx, .Tosiassen, Davis and Chair Dol<~n '\IOI~;S: None ~I~SI~:N`f: None N(}"f VU"I`ING: None ., _ _. _. .___ __ ... j_ _. - .lane Dolan, Chair liurie Coruity Board oI` Supervisors ~ I. I~I :S~l. JUI IN S. I3L~CKLC)CI<. Chiel~~dministrative Ul~ficer aid ('lerl: oC the Board .., ; ('Icrlc/Dep~y