Agenda item details

Board of Supervisors approve amendment #4 to agreement with Yuba Water Agency for a twelve-month cash flow loan in the amount of $9,000,000 to pre-pay the County's annual unfunded liability portion of CalPERS payment for FY 2023-2024

Number:
317/2023
Department:
County Administrator
Description:
County Administrator: Approve amendment No. 4 to agreement with Yuba Water Agency for a twelve-month cash flow loan in the amount of $9,000,000 to pre-pay Yuba County's annual unfunded liability portion of California Public Employee Retirement System (CalPERS) payment for fiscal year 23-24, and authorize Chair to execute. (10 minute estimate)
Attachments
Name Download Ext. Filesize
YWA-County of Yuba Loan Amendment #4 pdf 93 kB
Recommendation:
Board of Supervisors approve amendment #4 to the agreement with the Yuba Water Agency (YWA) for a twelve-month cash flow loan in the amount of $9,000,000 to pre-pay a portion of the County’s annual unfunded liability (UAL) portion of CalPERS payment for FY 2023-2024 and authorize the Chair to sign.
Agenda item
Discussed at meetings:
Meeting BOS - 13/2023 on 6/27/2023 by Board of Supervisors
Topic: COUNTY DEPARTMENTS
Minutes: No.36
County Administrator: Approve amendment No. 4 to agreement with Yuba Water Agency for a twelve-month cash flow loan in the amount of $9,000,000 to pre-pay Yuba County's annual unfunded liability portion of California Public Employee Retirement System (CalPERS) payment for fiscal year 23-24, and authorize Chair to execute. (10 minute estimate)

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Recommendation
REGULAR COUNCIL MEETING «MTDate=D» 30 HONOUR HOUSE COURT – COUNCIL CHAMBERS 7 :00 p . m . AGENDA «AGTopic» «AGDisplayNumber» «AGLong»