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Resolution No. 1.4-125
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 82 -- STIRLING CITY SE - FROM THE
COUNTY SERVICE AREA REVOLVING LOAN FUN
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82, established a
County Service Area Devolving Loan Fund; and
WHEREAS, Government Cede 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 reimbursedfrom
monies made available from a benefiting service area and that no SLIMS shall be disbursed from the revolving
fend until the board of Supervisors has, by resolution, established a method by the term (mot 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. $5,000.00 is to be disbursed from the CSA Revolving Loan fund to County Service Area 82.
b. The sura disbursed to County Service Area 82 shall be reimbursed to the Revolving Loan Bund,
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 ol` Supervisors, on this 2P day of September,
2014, by the following vote:
AYES: Supervisors Wahl, Kirk, Lambert and Chair T
ES: None
ABSENT- Supervisor Connelly
NOT TING: None
Doug Teeter, Chair
Butte County Board of Supervisors
ATTEST-
PAUL
T LEST:PAUL Hahn, ChiefAd inistrativ' Officer
and Clerk of the card
By
e k/D p ty