HomeMy WebLinkAbout81-178RESOLUTION APPROPRIATING MO~IES TO COUNTY SERVICE
AREA LOAN FUN~ FOR COU~TY SERVICE AREA N0. 62
4JHEREAS, the Board of Supervisors, pursuant to Resolution No. 75-82,
established a County Service Area Loan Revolving Fund; and
W~ER~AS, Government Code §2521Q.9c provides that a County may
appropriate any of its available monies to such fund fn an a~ount not to
exceed $50fl,000; and
WHER~AS, said ~25210.9c further provides that said revolving fund
shali be reimbursed from monies made avaiZabte from a benefiting service area
and that no sums shall be disbursed from the revolv~ng fund until the Board
of Supervisors has, by resolution, es~ab~ished a method by and term (not
exceeding five years) within which the County Service Area is to reimburse
the revolv~ng fund, and specified that the Service Area sha~l a]so reimburse
the funds for interest at the current rate per annum received on simi]ar types
of investme~ts, as determined by the Ciunty Treasurer; and
WHEREAS, the Butte County Board of Supervisors had determined that
there is a need to provide monies for County Service Area No. 62 to provide
for unantic9pated u~ility costs for street lights.
N04J, THEREFORE, BE IT RESOLVED by the Butte County Board of
Superv3sors that:
l. There is hereby appropriated, from the County Genera1 Fund
Appropriation for Contingencies to the County Service Area Revo~ving Fund,
th~ sum of $15.00.
2. The sum of $15.00 is to be disbursed from the Revo1v~ng Fund
to County Serv~ce Area ~a. 62 to provide for unanticipated utility costs for
street iights.
3. The sum disbursed to County Service Area No. 62 shall be
reimbursed by County Service Area ~o, 62 to the Revo~v~ng Fund ~n one lump
payment no later than Ju~e 30, 1982.
4. County Service Area No. 62 shall also reimburse the Revolving
Fund for int~rest at a rate per annum equal to tha~ earned by the County on
similar types of investments, as determined by the County Treas~rer.
5. As the money is reimbursed to the Revolving Fund by County
Service Area No. 62, the County Auditor is directed to transfer such money
~rom the Revolving Fund to the County General Fund.
PASSE~ AND ADOPTED by the Bu~~e County Board o~ Supervisors this
4th day of august , 1981, by the fo17owing vote:
AYES: Supervisors Dolan, Saraceni, Wheeler and Chairman Moseley
NOES: None
ABSENT: Supervisor Lemke
NOT VOTING: None
O-~
ERTHA MOSELEY, C i rrnan of
Butte County Board of Supervisors
ATTEST:
CLARK A. NELSON, County Clerk
and ex-of ici CZerk of the Board
By -
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