Title
a. Consider authorizing the County Administrative Officer to sign on behalf of the County the Advance Funding Agreement between the County of Monterey and the Monterey County Water Resources Agency (MCWRA) in an amount not-to-exceed $7.0 million to provide cash flow assistance for emergency protective measure projects mitigating damage to Monterey County Water Resources Agency facilities caused by the 2022/2023 winter storm events; and
b. Provide direction to the County Administrative Office to bring a financing plan for Board consideration to address cash flow loan needs of the County's Public Works projects and MCWRA's projects repaid with reimbursements from the Federal Emergency Management Agency (FEMA) and other state and federal agencies. (MOVED AND REVISED VIA SUPPLEMENTAL)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve the Advance Funding Agreement between the County of Monterey and the Monterey County Water Resources Agency (MCWRA) in an amount not-to-exceed $7.0 million to provide cash flow assistance for emergency protective measure projects mitigating damage to MCWRA facilities caused by the 2022/2023 winter storm events; and
b. Provide direction to the County Administrative Office to bring a financing plan for Board consideration to address cash flow loan needs of the County's Public Works projects and MCWRA's projects repaid with reimbursements from the Federal Emergency Management Agency (FEMA) and other state and federal agencies.
SUMMARY/DISCUSSION:
Winter atmospheric river events through California began on December 26, 2022, and continued into January of 2023. On January 10, 2023, the Board of Supervisors ratified a Proclamation of a Local Emergency issued by the County Administrative Officer on January 4, 2023. The winter storms damaged vital infrastructure and facilities belonging to the County of Monterey and other agencies such as the Monterey County Water Resources Agency (MCWRA).
Regarding t...
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