Title
Consider authorizing the CAO to negotiate, subject to Monterey County Board of Supervisors approval, a funding agreement between Monterey County and the Monterey County Water Resources Agency for additional funds necessary to perform geotechnical and final design engineering; permitting and environmental approval; financing plan preparation and implementation; and, program management services all for the Interlake Tunnel Project, said funds to be reimbursed to Monterey County if the Project is financed.
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors authorize the CAO to negotiate, subject to County Board of Supervisors approval, a funding agreement between Monterey County and the Monterey County Water Resources Agency for additional funds necessary to perform geotechnical and final design engineering; permitting and environmental approval; financing plan preparation and implementation; and, program management services all for the Interlake Tunnel Project, said funds to be reimbursed to Monterey County if the Project is financed.
SUMMARY/DISCUSSION:
This matter is a companion item to an Agency item also appearing on the agenda for the Joint meeting of the County Board of Supervisors, Agency Board of Supervisors, and Agency Board of Directors on December 9, 2014. In that item, it is recommended that the Agency Board of Supervisors request that the County negotiate a funding agreement regarding the proposed Interlake Tunnel Project. The agreement is necessary to fund additional work to prepare the Project for a vote on the formation of an assessment district to pay the capital costs of construction.
The Project was previously authorized by the Agency Board of Directors and Agency Board of Supervisors on June 3, 2014, and the County Board of Supervisors approved a funding agreement to provide $500,000 of the $2.5 million required to prepare the Project for assessment district formation.
On October 28, 2...
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