HomeMy WebLinkAbout89-019:*
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~ ~ ~~' BOARD ~R SUPERVISORS
'~` C4UNTY OF E3LJTTE; STATi= 4F CALIFQR[VI.A
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~~:~ . :* Resolufion No. 89-019
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 99
SACRAMENTO AVENUE ESTATES
WHEREAS, the 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 $1,000,000; and
WHEREAS, said Section 25210.9c further provides that said revolving
fund sha11 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 and term
(not exceeding ten years) within which the county service area is to reimburse
the revolving 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 there
is a need to provide monies to County Service Area 99, Sacramento Avenue
Estates, for start up costs for a newly annexed area.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. $330.00 is to be disbursed from the Revolving Fund to County
Service Area 99.
2. The sum disbursed to County Service Area 99 shall be reimbursed
to the Revolving Fund according to authorized statutes.
3. County Service Area 99 shall also reimburse the Revolving Fund
far interest at a rate per annum equal to that earned by the County on similar
types of investments, as determined by the County Treasurer.
PASSED AND ADOPTED by the Board of Supervisors of the County of Butte
this 28th day of February, 1989, by the fo]]owing vote:
AYES: Supervisors Dolan, McInturf, McLaughlin, Vercruse and
Chairman Fulton
NOES: None
ABSENT: None
NOT VOTING: None ~ ~ ~
ur. ru~iurr, c at~rmsrn or the
Eu to County B and of Supervisors
ATTEST:
MARTiN J. NICHOLS, Clerk of the
Board of Supervisors
by -,~~. . ~ ~A-c_~
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