HomeMy WebLinkAbout82-090RESOL~TION APPROPRTATING MONIES TO COUNTY SERVICE
AREA ~OAN FUN~ FOR COUN7Y SERVTCE AR~A N0. 24
WHEREAS, the Board of Supervisors, pursuant ~o Resalu~ion No. 75-82,
estabtished a County Service Area Loan Revo7ving Fund; and
WH~REAS, Government Code ~25210.9c provides ~hat a County may
appropriate any of its available monies to such fund in an amount not to exceed
$500,000; and
~HER~AS, sa7d ~25210.9c further provides that said revoTving fund
sha13 be reimbursed from monies made available from a benefit~ng service area
and that no sums shall be disbursed from the revolving fund until the Board
af Supervisors has, by resolution, established a method by and term (not
exceeding five years) within which the Coun~y Service Area is to reimburse
the revolving fund, and spec~fied tha~ ~he Service Area sha]] also reimburse
the funds for interest at the current rate per annum received on similar types
of investme~ts, as detert~ined 6y the County Treaspr.er; and
WHEREAS, the B~tte County Board of Supervisors had dstermined that
there is a need to provide monies for County Service Area No. 24 to clear and
remove gravel and sand deposits in the Chico-Mud Creek Diversion Flood Cantro1
Facilities.
NOW, THEREFORE, BE IT RE50LVE~ by the Sutte County Board of
Supervisors that:
~. There is hereby appropriated, from the Coun~y General Fund
Appropriation for Con~ingencies to the County Service Area Revolving Fund,
the sum of $10,000.
2. The sum of ~1~,000 is to be dis6ursed from the Revolving Fund
to County Service Rrea No. 24 to clear and remove gravel and sand deposits
i~ the Chico-Mud Creek Diversion Flood Control Facilities.
3. The sum disbursed to County Service Area ~o. 24 sha1Z be
reimbursed by County Service Area No. 24 to the Revalv9ng Fund according to
authorized statutes.
4. County Service Area No. 24 shall also reimburse the Revolving
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.
5. As the money is reimbursed to the Revolving Fund by County
Service Area ~o, 24, the County Auditor is directed to transfer such money
from the Revolving ~und to the County Genera1 Fund.
PRSSE~ AND ADOPTED by the Butte County Board of Supervisors this
8~h day of June, 1982, by the fol~owing vote:
AYES: Supervisors Dolan, Fulton, Moseley, Saraceni and Chairman WEieeler
NOES: None
ABSENT: None
NOT VOTI~G: ~one
G(/I~aGC~
A WHEELER, Chairman of the
te County Board of Supervisors
ATI'EST:
~I.EANOR M. BECKER, County Clerk
and e fficio Clerk of the Board
By
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