HomeMy WebLinkAbout85-199. f' ' COUNTY.; OF BUTTE, STATE OF GAL~~O~RN}A
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Resolufion No. 85-199
RESOLUTION OF THE BUTTE COUNTY BOARD OF SUPERVISORS
TRANSFERRING A PORTION OF THE PRIVATE ACTIVITY BOND
ALLOCATION OF THE COUNTY OF BUTTE
WHEREAS, pursuant to the Tax Reform Act of 1984
(Public Law 98-369) and the Governor`s Proclamation of July 19, 1984
implementing said Act, the County of Butte has received a private activity
bond allocation in the amount of $8,077,000 far the calendar year 1985; and
WHEREAS, it is not expected that the county will utilize the
full amount of such allocation for the issuance of private activity bonds
during 1985; and
WHEREAS, the Proclamation permits the county to transfer to
the State of California or any other local agency all or any portion
of~its private activity bond allocation in any calendar year; and
WHEREAS, the county wishes to cooperate .with its local
governments which may need allocation in 1985; and
WHEREAS, the county has transferred $2,484,000 in February 1985,
$4,000,000 in October 1985 and $500,000 in November 1985 but has remaining
allocation; and
WHEREAS, the county is willing to assist in the most efficient
and effective utilization of the allocation of 1985.
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors
of the County of Butte:
1. The County of Butte hereby transfers to the City of Chico
the aggregate amount of $400,000 of the county's private activity bond
allocation for 1985 under the Act and the Governor's Proclamation. Such
allocation is being transferred to the City of Chico for the specific
purpose of issuing private activity bonds to Car eage, P.O. Box 580,
Bellevue, Washington, for the construction of a 144-bed skilled nursing
facility.
2. The County Clerk is hereby directed to immediately transmit
PASSED ANO ADOPTED by the Board of Supervisors, County of Butte,
State of California, this I7th day of December , 1985, by the following
vote:
AYES: Supervisors Dolan, McInturf, McLaughlin, Wheeler and
Chairman Fulton
NOES: None '
ABSENT: None
NOT VOTING: None
ATTEST:
MARTIN J. NICHOLS, Chief Administrative
Officer and Clerk of the Board
$y
Butte County Board of Supervisors
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CAL~.FORNIA Di®T L1aIT ALLOC~Y~OH CCMNI?Y8~ ~°'
P.®. 8oA t9t9
Saa~e®en$o Calitornia 95809
.r f9t~~ 3~~•~585
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Plaaae co~p2eta tiht~ form aiLhin ~5 days of tiakinE of any aabivn
described beloaa din Section I.) and ®ail to tho above ^ddreaa.
Coco of Butts
NAME OF YSSUER:
ADDRESS: 2S Ca+aa Center Drive
Oroville. CA 95965 COUNTY: Butts Gaunt
C01iTACT PE83aN: ~ c a s
YITLE: C~isf Adainia~ts$t ve Officer TELEPHORE: 41a s3a-az2a
- DATE OF THIS REPORT:. Ss ts~ob~er 9 ~ 1485
I. ,C?YOH ?lffiER: 4Cheok ons.)
A) I33UANCE OF 80~iDS ~,,,~, ~Complebe Section II. be3~ow.)
8) YRAMSFER OF 1I.LOCATIDN ~ ,. tComplste Sea~ion III. ~beZorr. )
C3 CARR7fFORwAQD ELECTIODi: ~„~
DATE AC?IOp TA7CER:
PRINCIPAL 11~1~UN?: $ 4oo,oov
KAM£ OF PRIVATE IDSEx QND/DR DESCxIP?ION OF PROJECT: 'ri~nn„_, F ,~
Partaerebip. eldllsd mersiaa facilitisa .
II. FOR I~I~CE OF SQRDS: ~- ~ ~~ '
SOtSRCE DF J1LI.OCATIODt: {Crieck one or ~ore.~ . .
I33UE8 ~ S iLI,.OCAIYOa FaR CifRREl[T YEAR .
_.._r. TRAR3FER tHaoe of.Donor: )
CARRYFORii~ABD FROM PRIOR YEAS
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III. FAR THA~SFSft: ~ .
NAME OF GOYERbMBNYAL U~1IT TO 1dHOH
ALLOCATION HAS ?RA~lSFEaRED: C~'rY "af Chico
D~SCRIB6 AiiY LINITATIGNS ON TRA~d3FER: ?h~ transfer allocation to !aa
umed iar she specific gra~ect "s~cillid nursing tacilitq" to bs located in Chita,
Cal3forAis~ b~ acepaap C~Fl1G8 (Ths Lynn Femilq Partnership). Transtet ~ limited
to one calende~r past. -