HomeMy WebLinkAbout96-124RESOLUTION AUTHORIZING A LOAN FOR THE PURPOSE OF PROVIDING
CENTREX TELEPHONE SERVICES AND ACQUIRING COMMUNICATIONS
HARD WARE
WI3EREAS, telephone services must be provided to all county offices and
departments, and;
WI~REAS, Pacific Bell has offered to provide centrex telephone services at a
reduced cost over a five year period, and;
WHEREAS, the Board of Supervisors has determined that a single prepayment in
return for 5 years of service is in the best interests of the County, and;
WHEREAS, the Board of Supervisors has also determined that it is desirable to
provide modern, effective communications capacity for both voice and data transmission,
and;
WHEREAS, such communications capacity can best be provided by installing
modern communications equipment between county offices, and;
WI~REAS, the Board of Supervisors has determined that the appropriate method to
finance the prepayment for telephone services and the cost of providingcommunications
equipment is through. a loan from the Workers Compensation Insurance Fund and the
General Liability Insurance Fund;
NOW, THEREFORE BE IT RESOLVED, that the Treasurer Tax Collector and the
Auditor Controller are directed to transfer up to $ 1,800,000 from the Workers
Compensation Insurance Reserve Fund or General Liability Insurance Reserve Fund to the
General Fund for the purpose of providing prepaid centrex telephone service and voice and
data communications equipment.
The amount transferred shall constitute a loan, such loan to bear Interest at the rate
earned by the County Treasury and such interest to be paid quarterly. The principal amount
of the loan shall be repaid in such a manner as the Board of Supervisors may in the future
direct.
PASSED AND ADOPTED by the Butte County Board of Supervisors this the 12th
day of November, 1.996 by the following votes:
.AYES: Supervisors Meyer, Bolan, Houx and Chair McLaughlin
NOES: None
ABSENT: Supervisor Thomas
NOT VOTING: None
C.~ ~ ~ <
ED McLAUGHL ,Chairman, Butte County
Board of Supervisors
ATTEST:
JOHN BLACKLOCK, Chief Administrative Officer and
Clerk of the Board of Su rvisors
By: ~-~'
Carol Roach, Assistant Clerk