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P.FsSOLUTION APPP.OPRIATING MONIES TO COLINTI' S~RV~CE
AP.EA LOAN FUND FOR COUNTY SERVICE AREA N0. ~E
~
GIHEREAS, the Board of Sugervisors, pursuant to Resolution
No. 75-82, establislzed a County Service Area Loan Revolving Fund;
and
ti~THEREAS, Government Code §25210.9c provides that a County
may appropriate any of its available monies to such fund zn an
amount not to exceed $500,000.00; an.d
WHEREAS, said §25210.9c furthe~ provides that said revoiving
fund shall be reimbursed ~rom moni.es rnade available from a benefiting
service area and that no sums sha11 be disbursed from the revolving
fund until, the Board.of Supervisors has, by resolution, estab~.ished
a method by and term (not exceeding five years) within which the
County Service Area is to reimburse the revolving fund, and specified
that the Service A~ea sha11 also reimburse the funds for interest at
the cuzrent rate per annum received on similar types of investments,
as dete~m.zned by the Coun~y Treasurer; and
LdHEREA.S, the But~e County Board of Supervisors had deter-
mined that there is a neeci to provide monies for County Service Area
No. 4 to provide for unanCicipated drainage maintenance..
NOW, THEfiEFORE, BE IT RESOLVED by the Bu~te County Soard
of Supervi.sors tha~:
1. There is hereby appropriated, from the County General
~'uxzd Appropriation for Contingencies to the County Service Area
Revolving Fund, the sum of $4,150.00.
2. The sum of $4,150.00 is to be disbv.rsed from the Revolving
Fund to County Service Area No. 4 to provide for unanticipated drainage
mainCenance.
3. The sum disbursed to County Service Area Na. 4 shall be
reiznbuzsed by County Service Area No. 4 to the Revolving Fund in one
lump paymen~ no later than June 30, 1982.
4. Co~nty Service Area No. 4 sha11 also rei~burse the
Revolving F~nd 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.
5. As the money is reimbursed .to the Revolving Fund by
County Service Area No. 4, the County Auditor is directed to transfer
such money from the Revolvin~ Fund to the County General Pund.
PASSED AND ADOPTED by the Sutte County Board of Supervisors
this 2gth day of A~ril , 19a1, by the folZowing vote:
AYES: Supervisors Dolan, ~,emke, Saraceni, Wheeler and Chairman
Mose1~
NOES: None
ABSENT: None
NOT VOTING: None
BERTHA MOS LEY, C irperson the
Butte County Boar of Supervisors
ATTEST:
CLARK A. NELSON, County Clerk/Recorder
and ex-o~'~icio Clerk of the Board
By
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