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RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 82 -STIRLING CITY SEWER -FROM THE
COUNTY SERVICE AREA REVOLVING LOAN FUND
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82,
established a County Service Area Revolving Loan Fund; and
WHEREAS, Government Code Section 25210.9c provides that a County may
appropriate any of it's available monies to such fund in an amount not to exceed $1,000,000; and
WHEREAS, said Section 25210.9c further provides that said revolving fund shall be
reimbursed from monies made available from a benefiting service area and that no sums shall be
disbursed from the revolving fund until the Board of Supervisors has, by resolution, established a
method by the term (not exceeding ten years) within which the county service area is to
reimburse the revolving fund, and specified that the service area also shall reimburse the funds
for interest at the current rate per annum received on similar types of investments, as determined
by the County Treasurer; and
WHEREAS, the Butte County Board of Supervisors has determined that there is a need
to provide monies to:
County Service Area 82 -Stirling City Sewer for the costs associated with this County
Service Area.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. County Service Area 82 -Stirling City Sewer
a. $5,500.00 is to be disbursed from the CSA Revolving Loan Fund to County
Service Area 82.
b. The sum disbursed to County Service Area 82 shall be reimbursed to the
Revolving Loan Fund, within 10 years, according to authorized statutes.
c. County Service Area 82 shall also reimburse the Revolving Loan Fund for interest
at a rate per annum equal to that earned by the County on similar types of
investments, as determined by the County Treasurer.
PASSED AND ADOPTED by the Butte County Board of Supervisors, on this 24th day
of June 2003, by the following vote:
AYES: Supervisors Dolan, Houx, Yamaguchi and Chair Beeler
NOES: None
ABSENT: Supervisor Josiassen
NOT VOTING: None
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R .J. BEELER, Chair
Butte County Board of Supervisors
ATTEST:
PAUL MCINTOSH, Chief Administrative Officer
and Clerk of the Board
Clerk/Dep~ty