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HomeMy WebLinkAbout85-030,~. ...t ~~ ,I ,: BOARD OF SUPEF~VISORS COUNTY. OF BUTTE, STATE. OF CALIFORNIA Resolution N0.85-30 RESOLUTION APPROPRIATING MONIES TO COUNTY SERVICE AREA NUMBER 80 WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82, established a County Service Aoan Revolving 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 $500,000; 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 revolving fund until the Board of Supervisors has, by resolution, established a method by the term (not exceeding five years) within which the county service area is to reimburse the reovlving fund, and specified that the service area shall also 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 funds for the installation of street lights in County Service Area No. 80, Lindo West Storm Drainage and Lighting, in fiscal year 1984--1985. NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors that: 1. That $4,590.00 is to be disbursed from County Service Area Loan Revolving Fund to County Service Area No. 80, Lindo West Storm Drainage and Lighting. 2. The sum disbursed to the above-referenced county 1 I~ 7 Vr ` ? service area shall be reimbursed to the County Service Area Loan Revolving Fund according to authorized statutes. PASSED AND ADOPTED by the Butte County Board of Supervisors this 12th day of~March, 1985, by the following vote: AYES: Supervisors Dolan, McInturf, McLaughlin, Wheeler and Chairman Fulton NOES: None ABSENT: None NOT VOTING: None LE FULTON, Chair of the Butte County Board of Supervisors ATTEST: MARTIN J. NICHOLS, Clerk of the Board of Supervisors 2