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_,,
e BOARD QF SUPERVISORS
,,, CG~UNTY",OF BUTTE, STATE pF CALlFC;RNIA
Resolufion N0. 91-29
R~soLVTION APPROPRIATING r1aNIES To
COUNTY SERVICE AREA N0. 131
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
$1,000,000; 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
ten 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 monies to County Service Area No. 131, Walnut Manor Subdivision
(streetlighting and storm drainage maintenance), a newly established County Service
Area.
NOW, TI~IIItEFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. $500.00 is to be disbursed from the Revolving Fund to County
Service Area No. 131.
2. The sum disbursed to County Service Area No. 13i shall be reimbursed
to the Revolving Fund according to authorized statutes.
3. County Service Area No. 131 shall also reimburse the Revolving Fund
for 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 Butte County Board of Supervisors this 5th
day of P-larch 1991, by the following vote:
AYES: Supervisors P9cInturf, Campbell, hlcl.aughlin and Chair Dolan
NOES: None
ABSENT: Supervisor Fulton
NOT VOTING: None
ATTEST:
William H. Randolph, Chief Administrative Officer
and Clerk of the Board of Supervisors
By: _
C /Dep'uty ~~