Title
a. Consider the Monterey Regional Waste Management District's (MRWMD) request for Monterey County to become a member of the Monterey Regional Waste Management Authority (MRWMA);
b. Consider approval of the Amendment to the MRWMA Joint Exercise of Powers Agreement (JPA).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Consider the Monterey Regional Waste Management District's (MRWMD) request for Monterey County to become a member of the Monterey Regional Waste Management Authority (MRWMA);
b. Consider approval of the Amendment to the MRWMA Joint Exercise of Powers Agreement (JPA).
SUMMARY:
MRWMD requests that Monterey County become a member of MRWMA, and seeks approval of an Amendment to the MRWMA Joint Exercise of Powers Agreement (JPA). As a member of MRWMA, the County would have certain rights and obligations, including but not limited to having representation on the MRWMA's Board of Directors and being subject to the JPA's flow control provisions. MRWMD is pursuing three major capital improvement projects which will require approximately $30M in revenue bonds. The addition of the County as a member of MRWMA would help MRWMD to show its revenue is stable and secure as possible in the future, which is an important component when seeking financing of the capital improvement projects.
DISCUSSION:
MRWMD is an Independent Special District of the State of California formed in 1951 to provide solid waste management, recycling, and disposal services to its member agencies. In 1993, MRWMA was formed for the purpose of issuing bonds to construct capital projects related to recycling, which included the Materials Recovery Facility (MRF), the Last Chance Mercantile and the Household Hazardous Waste Collection Facility. The bonds have been paid off and MRWMA has no debt at this time. Section 2.06 of the attached Joint Exercise of Powers Agreement provides that the Authority "is a legal entity separate and distinct from ...
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