HomeMy WebLinkAbout23-162BOARD OF SPERVISORS
COUNTY OF BUTTE, STATE OF CALIFORNIA
Resolution No. 23-162
RESOLUTION APPROPRIATING MONIES FROM THE COUNTY SERVICE AREA REVOLVING LOAN FUND AND
AUTHORIZING A LOAN TO COUNTY SERVICE AREA 141 - MOUNTAIN OAKS SUBDIVISION
WHEREAS, the Board of Supervisors established a County Service Area Revolving Loan Fund to make loans to
County Service Areas for the acquisition or improvement of real or personal property, environmental studies, fiscal
analyses, engineering services, supplies, or any other lawful expense; and
WHEREAS, Government Code §25214.5(a) 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
ten years from the date of the disbursement at a rate of interest, if any, that the Board of 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 §25214.5(b) states that if the Board of Supervisors finds 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 -fifths vote, waive the reimbursement in whole or in
part; and
WHEREAS, County Service Area 141 provides wastewater treatment services regulated by the Central Valley
Regional Water Quality Control Board; and
WHEREAS, the Central Valley Regional Water Quality Control Board charges a mandatory annual regulatory
permitting fee for community waste system discharge as directed by Section 13260 of the California Water Code; and
WHEREAS, County Service 141 has insufficient funds to meet the mandatory regulatory permitting
requirements; and
WHEREAS, the Butte County Board of Supervisors has determined that there is a need to provide monies to
County Service Area 141 for allowable costs under Government Code §25214.5(a).
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors that:
A loan of $30,000 shall be made from the County Service Area Revolving Loan Fund to County Service
Area 141; and
The amount disbursed to the County Service Area 141 shall be reimbursed to the Revolving Loan Fund
within five years, meeting the 10-year requirement under Government Code §25214.5(a); and
3. County Service Area 141 shall also reimburse the Revolving Loan Fund for interest at a rate per annum
equal to that the County earns on similar investments, as determined by the County Treasurer.
PASSED AND ADOPTED by the Butte County Board of Supervisors this 12th day of December 2023, by the following
vote
AYES: Supervisor Connelly, Durfee, Ritter, Teeter and Chair Kimmelshue
NOES: None
ABSENT: None /
ABSTAIN: None �.
ATTEST:
Andy Pickett, Chief Administrative Officer
and Clerk of the Board of Supervisors
By -n"� j I � I b L �
Deputy
Tod Kimmel Pue, Chair
Butte Counfi Board of Supervisors