HomeMy WebLinkAbout98-105B~~Q F' ~UFs'~RVISORS
CQ~JNTY QF BUTTE, STATE OF CAUF4RNIA
~lPS0~Uf10r1 N0. 98-105
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 135 ZONE 2
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 252109c further provides that said revolving fund shall be
reimbursed from monies made available from. a benefiting service area anal 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 fiends
far 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 135 Zone 2 -Keefer Creek Estates
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1. $550.00 is to be disbursed from the Revolving Loan Fund to County Service Area
135 Zone 2.
2. The sum disbursed to County Service Area 1.35 Zone 2 shall be reimbursed to the
Revolving Loan Fund according to authorized statutes.
3. County Service Area 135 Zane 2 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 l4`'' day
of July, 1998 by the following vote:
AYES: Supervisors Dolan, floux, Josiassen and Chair Davis
NOES: None
ABSENT: Supervisor Beeler
NOT VOTING: None
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Fred Davis, Chair
Butte County Board of Supervisors
ATTEST:
JOHN S. BLACKLOCK, Chief Administrative Officer
and Clerk of the Board
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