HomeMy WebLinkAbout11-070RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 17 ZONE 2 -SOUTH OROVILLE -LAS PLUMAS PARK
ALLEY MAINTENANCE 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 Revaluing Loan Fund; and
WHEREAS, Government Code Section 25210.9c provides that a County may
appropriate any of its 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 xevalving 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
far 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 17 Zone 2 -South Oroville -Las Plunnas Park Alley Maintenance
far the alley maintenance costs associated with this County Service Area in fiscal year 2010 -
2011.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. County Service Area 17, Zone 2 -South Oroville -- Las Plumas Park Ailey Maintenance:
a. $3,167.00 is to be disbursed from the CSA Revolving Loan Fund to County
Service Area 17, Zone 2.
b. The sum disbursed to County Service Area 17, Zone 2 shall be reimbursed to the
Revolving Loan Fund, within 10 years, according to authorized statutes.
c. County Service Area 17, Zone 2 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, an this 12th day
of July 2011, by the following vote:
AYES: Supervisors GonneJ.ly, Wahl, Kirk, Yamaguchi and Ghair Lambert
NOES: None
ABSENT: None
NOT VOTING: None
STEVE L RT, Chair
Butte Coun Board of Supervisars
ATTEST:
PAUL HAHN, C 'ef Administrative
and Clerk of the a d
By fl