HomeMy WebLinkAbout98-086CQ~1t~JTY QF BUTTE, STATE.` 4F: CALIFQRNIA
I~ c~solutian No. 98-86
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 15
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82,
established a County Service Area Revolving Loan Fund; and
WHEREAS, Government Code Section 25210.9c 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 15 -East Chico Lighting.
NO~'4', THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors that:
1. $911.00 is to be disbursed from the Revolving Loan Fund to County Service Area 15.
2. The sum disbursed to County Service Area 15 shall. be reimbursed to the Revolving Loan
Fund according to authorized statutes.
3. County Serviee Area 15 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 9th day of June,
1998 by the following vote:
AYES: Supervisors Beeler, Dolan, Houx, Josiassen and Chair Davis
NOES: None
ASSENT: None
NOT VOTING: None r~
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red Davis, Chair
Butte County Board of Supervisors
ATTEST:
JOHN S. BLACKLOCK, Chief Administrative Officer
and Clerk of the Board
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