HomeMy WebLinkAbout19-280COUNTY SERVICE AREA 82 — STIRLING CITY SEWER DISTRICT
WHEREAS, the Board of Supervisors established a County Service Area Revolving Loan fund to make loans to
County Service Areas for the acquisition or |mmprovernent of real or personal pmoperty, environmental studies, fiscal
analyses, engineering services, supplies, or any other lawful expense; and
WHEREAS, Government Code §35214.5/aj provides that a County may appropriate up to $2,000,000 from any
available funds of the County to a revolving fund to be used by County Service Areas; and
WHEREAS, Government Codes §25214.5(a) further provides that said revolving fund shall be reimbursed within
18years from the date ofthe disbursement atarate ofinterest, ifany, that the Board mf Supervisors shall: determine,
provided that the interest rate shall not exceed the rate of interest that the County earns of its temporarily idle funds; and
WHEREAS, Government Code Section §35314. (b�) that if the Board mfSupervisors find that the reimbursement
of the revolving fund may result in an economic or fiscal hardship to the property owners or residents of the County
Service Area, the Board of Supervisors may, by a four-fifthis vote, waive the reimbursement in whole or in part; and
WHEREAS, County Service Area Q2 provides wastewater treatment services regulated bvthe Central Valley
Regional Water Quality Control Board; and
WHEREAS, the Central Valley Regional Water Quality [omtrm Board now requires enhanced sampling,
monitoring, and reporting; and
WHEREAS, County Service 82 has insufficient fundis to meet the enhanced sampling, monitoring, and reporting
requirements; and
WHEREAS, the Butte County Board of Supervisors has determined that there is a need to provide monies to:
County Service Area 82 for allowable costs pursuant to Government Code §25214.5(a).
NOW, THEREFORE, BE[TRESOLVED bvthe Butte County Board ofSupervisors that:
]L Funds shall beloaned to the County Service Area Loan Revolving Fund from the General Fund inthe amount
of $36,000; and
2. A loan in the amount of $36,000 shall be made from the County Service Area Revolving Loan Fund to County
Service Area 82; and
3. The amount disbursed to the County Service Area 82 shall be reimbursed to the Revolving Loan Fun within
10 years, pursuant to Government Code §25214.5(a).; and
4. County Service Area 82 shall also reimburse the Revolving Loan Fund for interestaterate per annum equal
vote:
5. The Board ofSupervisors may, bvafour-fifths vote, waive the reimbursement imwhole orpartatsome point
in the future if the Board of Supervisors finds the reimbursement of the revolving fund may result in an
economic or fiscal hardship to the property owners or residents of the County Service Area.
PASSED AND ADOPTED bvthe Butte County Board ofSupervisors this 22nd day ofOctober, 2Q1g bvthe foU|owimg
AYES: Supervisors Lwcen,Ritter, Teeter, and Chair Lambert
NOES:
ABSENT: Supervisor Connelly
NOT VOTING:
Steve Lambe iair
Butte County Board of Supervisors
Shari McCracken, Chief Administrative Officer
and Clerk of the Br of Supervisors