HomeMy WebLinkAbout91-154_ _ . __~
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BARD OF SUPERVISORS
CQUNTY OF BUTTE, .STATE QF CALIFOF2NIA
Resolution No.91-154
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA N0. 130
WHERAS, 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
WHERL'AS, 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 perannum received on similar types of investments, as determined
by the County Treasurer; and
WFIEREAS, the Butte County Board of Supervisors has determined that there
is a need to provide monies to County Service Area No. 130 - Richardson Springs
(replacement and maintenance of a wastewater treatment facility), a newly established
County Service. Area.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. $1,127.00 is to be disbursed from the Revolving Fund to County Service
Area No. 130.
2. The sum disbursed to County Service Area No. 130 shall be reimbursed
to the Revolving Fund according to authorized statutes.
3. County Service Area No. 130 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 TfIE Butte County Board of Supervisors thisl7th
day of December 1991, by the following vote:
AYES: Supervisors McInturf, Houx, McLaughlin, Fulton and Chair Dolan
NOES: None
ASSENT: None
NOT VOTING: None
Butte County Board of Supervisors
ATTEST; \
William H. Randolph, Chief Administrative Officer
and Clerk of the Boa of Supervisors
BY ~ ~ ate.
Clerk/Deputy