HomeMy WebLinkAbout97-094BQ~,RC7 C~~' ~UF~'~t~V1vC~R~
COUNTY QF BU'TTE, STATE OF CALIFORNIA
hesolufion No. 97-9a
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA NO. 82
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 Are No. 82 -Stirling City Sewer {sanitary sewer service)
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors that:
1. $1,520 is to be disbursed from the Revolving Fund to County Service Area No. 82.
2. The sum disbursed to County Service Area No. 82 shall be reimbursed to the Revolving Fund according to
authorized statutes.
3. County Service Area No. 82 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 12th day of Llugust ,1997 by
the following vote:
AYES: Supervisors Beeler, Dolan, F1oux, .7osiassen and Chair Davis
NOES: None -
ABSENT: None
NOT VOTING: None `-~ ~ ,
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CHAIR, Board of Supervisors
County of Butte, State of California
ATTEST:
JOHN S. BLACKLOGK, Chief Administrative
officer and Clerk of the Board
By _~ _ ~ f ~~ _ .~ ~-_
ClerklDeputy