HomeMy WebLinkAbout86-070`~.
d .0 ~ S ~~
•r - --
,. ~ ,~_
• ~ ~~ ~ - BOARD OF SUPERVISORS
:~ a~ *:
CQUNTY OF BUTTE, STATE. pF CALIFORNIA
*;
~~~~~.*~ Resolufion 1Vo. 86-70
~~u~y*
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA N0. 63
AND N0. 80
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution
No. 75-82, established a County Service Area Loan 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
IdHEREAS, 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 revolving fund, and specified that the service area also sha11 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 to pay for unanticipated street lighting costs
in County Service Area No. 63, Ward Subdivision Street Lighting District,
in fiscal year 1985-1986; and
WHEREAS, the Butte County Board of Supervisors has determined that
there is a need to provide funds to pay for unanticipated drainage maintenance
costs in County Service Area No. 80, Lindo blest Storm Drain & Lighting
District in fiscal year 1985-1986.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. That $90.00 is to be disbursed from County Service Area Loan
Revolving Fund to County Service Area No. 63, Ward Subdivision Street Lighting.
District.
2. That X210.00 is to be distributed from the County Service Area
Loan Revolving Fund to County Service Area No. 80, Lindo West Storm Drainage
?F Lighting.
3. The sums disbursed to the above-referenced county service areas 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 3rd
day of June, 1986, by the following vote:
AYES: Supervisors Dolan, McInturf, Wheeler and Chairman McLaughTin
NOES: None
ABSENT: Supervisor Fulton
NOT DOTING: None
C <
ED McLAII.GHL C iarman of the
Butte County Board of Supervisors
ATTEST:'
MARTIN J. NICHOLS, Clerk
of the Board of Supervisors
-2-