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COUNTY OF BUTTE. STATE OF CALIFORNIA
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CQYjx~.~ Resolu#ion No. 87-2~I
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RESOLUTION APPROPRIATING MONIES TO
COUNTY SERUICE AREA N0: 75
WHEREAS, the Sutte County Board of Supervisors, pursuant to Resolution
No. 75-82, established a County Service Area Loan Revolving Fund; and
WHEREAS, Government Code Section 2521U.9c provides that a County
may appropriate any of its available monies to such fund in an amount not
to exceed $2,665.00; and
WHEREAS, said Section 2521O.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 shall 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 revenue not received in County Service
Area No. 75, North Park Subdivision, in fiscal year 1987-88.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. That $2,665.00 is to be disbursed from County Service Area Loan
Revolving Fund to County Service Area No. 75, North Park Subdivision.
2. The sum disbursed to the above-referenced county service area
shall be reimbursed to the County Service Area Loan Revaluing Fund according
to authorized statutes.
PASSED AND ADOPTED by the Butte Oounty Board of Supervisors this
24th day of November, 1987, by the following vote:
AYES: Supervisors Fulton, McInturf, P9cLaughln, Vercruse and Chair Dolan
NOES: None
ABSENT: None
NOT VOTING: None
ATTEST:
MARTIN J. NICHOLS, Clerk
of the Board of Supervisors
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E OLAN, Chair --
Butte County Board of Supervisors