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C. 11

To:	Contra Costa County Flood Control District Board of Supervisors
From:	Brian M. Balbas, Public Works Director/Chief Engineer
Date:	May 11, 2021

Contra

Costa

County

Subject:

Adopt Resolution Approving Deposit by the Flood Control District to the Flood Control Revolving Fund and Loan from the Fund to Drainage Area 52D.

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 05/11/2021

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:	Michelle Cordis, (925) 313-2381
cc:	Paul Detjens, Flood Control Michelle Cordis, Flood Control Gus Amirzehni, Flood Control Beth Balita, Finance Catherine Windham, Flood Control

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: May 11, 2021
Monica Nino, County Administrator

BY:	, Deputy

RECOMMENDATION(S):

ADOPT Resolution No. 2021/157 approving deposit of $50,000 by the Contra Costa County Flood Control and Water Conservation District (FC District) to the Flood Control Revolving Fund and approving a loan from the Flood Control Revolving Fund in the amount of $50,000 to Drainage Area 52D (DA 52D) for administrative costs, Oakley area. (100% Flood Control District Funds)

FISCAL IMPACT:

100% Flood Control Revolving Fund 250600. Borrowing entity DA 52D Fund 258400 will pay the loan principal of $50,000 plus interest over a 3-year period.

BACKGROUND:

There are no funds in DA 52D. Revenues are expected to be collected from land development projects in the next few years. In the interim, additional funds are needed to update the drainage area fee and cover the administrative costs of maintaining the drainage area plan with periodic updates, legal support, and fee collection. The updated drainage area fee will be sufficient to maintain the drainage area for the next three years and repay the loan principal and interest within that period.

BACKGROUND: (CONT'D)

The FC District currently has funds that are temporarily not needed and are available to be deposited into the Flood Control Revolving Fund. The attached resolution requests approval of a loan from the Flood Control Revolving Fund to DA 52D.

CONSEQUENCE OF NEGATIVE ACTION:

If the proposed loan is not approved, there will be no funding for FC District services for DA 52D.