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File #: WRAFIN 23-009    Name: PRFMA Cost Share Agreement - Finance
Type: WRA FInance Item Status: Agenda Ready
File created: 2/27/2023 In control: Water Resources Agency Finance Committee
On agenda: 3/3/2023 Final action:
Title: Consider recommending that Monterey County Water Resources Agency (MCWRA) Board of Supervisors approve and authorize the MCWRA General Manager to execute an amended Cost Share Agreement with the City of Watsonville, Santa Cruz Flood Control and Water Conservation District -Zone 7, and the Pajaro Regional Flood Management Agency to fund activities of the Pajaro Regional Flood Management Agency.
Attachments: 1. Board Report, 2. Cost Sharing Agreement Zone 7
Title
Consider recommending that Monterey County Water Resources Agency (MCWRA) Board of Supervisors approve and authorize the MCWRA General Manager to execute an amended Cost Share Agreement with the City of Watsonville, Santa Cruz Flood Control and Water Conservation District -Zone 7, and the Pajaro Regional Flood Management Agency to fund activities of the Pajaro Regional Flood Management Agency.
Report
RECOMMENDATION:
It is recommended that the Finance Committee:

Consider recommending that the Monterey County Water Resources Agency (MCWRA) Board of Supervisors approve and authorize the MCWRA General Manager to execute an amended Cost Share Agreement with the City of Watsonville, Santa Cruz Flood Control and Water Conservation District -Zone 7, and the Pajaro Regional Flood Management Agency to fund activities of the Pajaro Regional Flood Management Agency.

SUMMARY/DISCUSSION:
The Pajaro Regional Flood Management Agency ("PRFMA") was formed under the Joint Exercise of Powers Act, Government Code section 6500 et seq., pursuant to a Joint Exercise of Powers Agreement ("JPA Agreement") dated July 21, 2021 in order to coordinate, finance, acquire, construct, improve, operate or maintain flood management infrastructure on the Pajaro River in Santa Cruz and Monterey Counties.

The Member Agencies of the PRFMA are County of Santa Cruz, Santa Cruz County Flood Control and Water Conservation District, Zone 7 ("Zone 7"), County of Monterey ("County"), City of Watsonville, and the Monterey County Water Resources Agency ("MCWRA" or "Agency"). The PRFMA is the lead local agency to work with the United States Army Corps of Engineers in continuing the Pajaro River Federal Flood Control Project, which is currently maintained jointly by Zone 7 and MCWRA.

A Cost Share Agreement was proposed by PRFMA to allocate annual contributions of Watsonville, Zone 7, and MCWRA ("Cost Share Agencies"), and to fund operating expenses of the PRFMA by dedicating existing revenues gener...

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