HomeMy WebLinkAbout98-012i ~ .•' '•.,~Q~~
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F. ~ ~ ~~~ BOARD OF ~UPERV1vORS
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% ~;~ .' . ~ COUNTY OF BUTTE. STATE OF CA<_IFORNIA
•,~~ ~'aU1s~+~~ Resolufion No. g~ i2
+#~~~~~~~~ RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVIf_E AREA 1, ZONE 1
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82, established a County Service Area
Revolving Loan Fund; and
WHEREAS, Government Cade Section 252109c provides that a County may appropriated any of it 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
Area 1,L,onc I - I,indo ;Manor Streetlighting.
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors that;
$765,00 is to be disbursed from the Revolving Loan Fund to County Service Area I, lone 1.
2. The sum disbursed to County Service Area I, 'Lone 1 shall be reimbursed to the Revolving Loan Fund according to
authorized statutes.
3. County Service Area 1, lone 1 shall also reimburse the Revolving Loan 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, on this 27th day of January , 1998 by the following
AYES: Supervisors Beeler, Dolan, Houx, Josiassen and Chair Davis
NOES: None
ABSEN"h: None
NOT VOTING: None
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Fred Davis, Chair
Butte County Board of Supervisors
ATTEST:
JOHN S. BLACKLOCK;~~hief Administrative Officer
and Clerk of the Board;
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Clerk/Deputy