HomeMy WebLinkAbout91-127n _R„ ~~ ~ w -- I - -
-~ :~~: BCOARD OF SUPERVISORS
` COUNTY OF BUTTE, STATE OF CALIFORNIA
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Resolufion No. 91-127
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA N0. 129
WHARFAS, 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
$1,000,000; and
WHEREAS, said Section 25210.9c further provides that said revolving
fund shall be reimbursed from monies made available from a benefiting service
area and that no sums shall be disbursed from the revolving fund until the Board
of Supervisors has, by resolution, established a method by the term (not exceeding
ten years) within which the county service area is to reimburse the revolving
fund, and specified that the service area also shall reimburse the funds for
interest at the current rate per annum received on similar types of investments,
as determed by the County Treasurer; and
WHEREAS, the Butte County Board of Supervisors has determined that there
is a need to provide monies to County Service Area No. 129 - Orchard House Estates
(streetlighting and storm drainage maintenance), a newly established County Service
Area.
NOW, THEREE'ORE,B$ IT RESOLVED by the Butte County Board of Supervisors
that:
1. $400.00 is to be disbursed from the Revolving Fund to County Service
Area No. 129.
2. The sum disbursed to County Service ARea No. 129 shall be reimbursed
to the Revolving Fund according to authorized statutes.
3. County Service Area No. 129 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 ANA ADOPTER BY TPE Butte County Board of Supervisors this 15th
day of October 1991, by the following vote:
AYES: Supervisors Houx, McLaughTin, Fulton and Chair Dolan
NOES: None
ABSENT: Supervisor McInturf
NOT VOTING: None
ne o an, Chair
Butte County Board of Supervisors
ATTEST;
William H. Randolph, Chief Administrative Officer
and Clerk of the Boar of Supervisors
By:
Clerk/Deputy-