HomeMy WebLinkAbout04-129t ~i ~ •~;
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•'•~,~~~, ~..,,,,,,..••''~ ~;.• Resolution No. oa_i2a
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RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 34
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
appropriated any of it 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 34 -Gridley Swimming Pool for maintenance and
operation of said pool.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. $25,500.00 is to be disbursed from the CSA Revolving Loan Fund to County Service
Area 34.
2. The sum disbursed to County Service Area 34 shall be reimbursed to the Revolving
Loan Fund according to authorized statutes.
3. County Service Area 34 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 13`x' day
of July, 2004, by the following vote:
AYES: Supervisors Dolan, Houx, Josiassen, Yamaguchi and Chair Beeler
NOES: None
ABSENT: None
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/Deputy