Title
a. Hold a public hearing to consider approving and adopting Fiscal Year (FY) 2024-25 rates with a cost-of-living adjustment (COLA) increase of 2.4% for Zones 2B, 2Y and 2Z assessments and the water service charge assessment; and
b. Adopt a resolution approving the FY 2024-25 COLA increase of 2.4% to assessments of Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP), to the water delivery charge for the CSIP and SVRP, and water service charge of Zone 2B for the Salinas River Diversion Facility (SRDF); and
c. Adopt a resolution approving the FY 2024-25 Zone 2B water delivery charge of $45.24 per acre-foot of water delivered.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency (MCWRA) Board of Supervisors:
a. Hold a public hearing to consider approving and adopting Fiscal Year (FY) 2024-25 rates with a cost-of-living adjustment (COLA) increase of 2.4% for Zones 2B, 2Y and 2Z assessments and the water service charge assessment; and
b. Adopt a resolution approving the FY 2024-25 COLA increase of 2.4% to assessments of Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP), to the water delivery charge for the CSIP and SVRP, and water service charge of Zone 2B for the Salinas River Diversion Facility (SRDF); and
c. Adopt a resolution approving the FY 2024-25 Zone 2B water delivery charge of $45.24 per acre-foot of water delivered.
SUMMARY/DISCUSSION:
Zones 2B, 2Y, and 2Z were established to provide revenue to construct, operate and maintain the CSIP, SVRP and SRDF, which includes debt service for the municipal bonds, and two Small Reclamation Projects loans from the U.S. Bureau of Reclamation that funded the construction of the projects. The operation of the CSIP and SVRP assists in the reduction of seawater intrusion in the groundwater aquifers in the Salinas Valley by providing ...
Click here for full text