Title
a. Hold a public hearing to consider approving and adopting Fiscal Year (FY) 2024-25 assessment charges with cost-of-living adjustment (COLA) increase of 2.4% for Flood Zones 1, 1A, 8, 9, 12, and 17; and
b. Adopt a resolution approving the FY 2024-25 assessment charges with COLA increase of 2.4% for Flood Zones 1, 1A, 8, 9, 12, and 17.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
a. Hold a public hearing to consider approving and adopting Fiscal Year (FY) 2024-25 assessment charges with cost-of-living adjustment (COLA) increase of 2.4% for Flood Zones 1, 1A, 8, 9, 12, and 17; and
b. Adopt a resolution approving the FY 2024-25 assessment charges with COLA increase of 2.4% for Flood Zones 1, 1A, 8, 9, 12, and 17.
SUMMARY/DISCUSSION:
The Monterey County Water Resource Agency ("MCWRA") ordinances that govern MCWRA flood zones are Ordinance Nos. 2626, 2974, 3878, and 3881 ("Ordinances"). These Ordinances were adopted for the main purposes of protecting life and property, and reducing the impact caused by flooding.
MCWRA requests a FY 2024-25 COLA increase of 2.4% to the assessments of MCWRA's flood control benefit assessment zones below, based on the annual change in Consumer Price Index (CPI) February 2023 -February 2024 for the San Francisco, Oakland and San Jose urban area:
? Zones 1 & 1A - Pajaro River Fund 112
? Zone 8 - Soledad Storm Drain Fund 121
? Zone 9 - Reclamation Ditch Fund 122
? Zone 12 - San Lorenzo Creek Fund 124
? Zone 17 - Moro Cojo Slough Fund 127
The attached Summary Chart details the assessment rates of FY 2024-25 with 2.4% COLA increase from the rates of FY 2023-24.
It is requested that the Water Resources Agency Board of Supervisors approve and adopt FY 2024-25 assessment rates as set forth in the Notices of Public Hearing relating to Zones 1, 1A, 8, 9, 12 and 17, all identified in the Public Notices. Notices of the public hearing have been pu...
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