Resolution details
Resolution
Status
Meeting item
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
Resolution text
REGULAR COUNCIL MEETING «MTDate=D» 30 HONOUR HOUSE COURT – COUNCIL CHAMBERS 7 :00 p . m . AGENDA «AGTopic» «AGDisplayNumber» «AGLong»
Resolution comments
Resolution remark
Sean Powers, Assistant County Administrator
Borrow money from YWA to pay for CalPers obligation
One time in July with loan at 1.2%
Monthly from state 3.5% interest
460K savings
No questions
Borrow money from YWA to pay for CalPers obligation
One time in July with loan at 1.2%
Monthly from state 3.5% interest
460K savings
No questions
Meeting
Agenda item
Number 317/2023