Title
a. Approve the Second Amendment to the Third Reimbursement and Funding Agreement between the County of Monterey and the Monterey County Water Resources Agency relating to preliminary expenditures for the Interlake Tunnel and Spillway Modification Projects; and,
b. Authorize the Monterey County Water Resources Agency General Manager to execute the Second Amendment to the Third Reimbursement and Funding Agreement.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve the Second Amendment to the Third Reimbursement and Funding Agreement between the County of Monterey and the Monterey County Water Resources Agency relating to preliminary expenditures for the Interlake Tunnel and Spillway Modification Projects; and,
b. Authorize the Monterey County Water Resources Agency General Manager to execute the Second Amendment to the Third Reimbursement and Funding Agreement.
SUMMARY/DISCUSSION:
In December of 2014 the Board of Supervisors of the Agency authorized staff to proceed with work on the proposed Interlake Tunnel Project ("Project"). Due to a lack of available funds at the Agency for certain preparatory work, the County and the Agency entered into a series of Reimbursement and Funding Agreements whereby the County would reimburse the Agency for certain preparatory expenses on the condition that the County would be repaid for such reimbursements if the Project proceeded and financing was obtained. Most recently the County and the Agency entered into the Third Reimbursement and Funding Agreement, which brought the total amount eligible for reimbursement to $2,071,000 through June 30, 2016. The expenses eligible for reimbursement were limited to preliminary engineering and design, spillway modification feasibility, technical support, environmental consulting, and program management.
Subsequently, the Agency Board of Supervisors directed that a project labor agreement ("PL...
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