HomeMy WebLinkAbout92-086WHEREAS, the Butte County Board of Supervisors, pursuant to
Resolution Na. 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
$1,000,040; 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 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. 101 -Carriage Estates
Subdivision {streetlighting and storm drainage maintenance) an established County
Service Area.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board
of Supervisors that:
1. $275.00 is to be disbursed from the Revolving Fund to County
Service Area No. 101.
2. The sum disbursed to County Service Area No. 101 shall be
reimbursed to the Revolving Fund according to authorized statutes.
3. County Service Area No. 101 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.
~" RESOLUTION APPROPRIAT,~N,(~,~,_~ONIES TO
COUNTY SERV,~(',,~r,.,-~,,I~EA NO.101
PASSED AND ADOPTED BY THE Butte County Board of
Supervisors this 7th day of July, 1.992 by the following vote:
AYES: Supervisors Mclnturf , FEoux, McE.aughT in, FuT ton and Chair Do] an
NOES: None
ABSENT:. None
NOT VOTIl~TG: None ~
DOLMAN, Chair
County Board of Supervisors
ATTEST:
JOHN S. BLACKLOCK, Chief Administrative Officer
and Clerk of the Boar of Supervisors
By: ~~
Clerk/Deputy