Title
Support approving a Professional Services Agreement with Raftelis Financial Consultants, Inc., in the amount of $110,360 to:
a. conduct a review and analysis of the Agency's Assessments and Benefits for Zones 2B, 2Y, 2Z including water delivery/service charges;
b. provide an updated assessment methodology and analysis, and a cost of service approach to be considered by these taxpayers; and
c. authorize the General Manager to execute the Agreement, substantially in the form attached, and subject to approval by County Counsel.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors - Budget Committee:
Support approving a Professional Services Agreement with Raftelis Financial Consultants, Inc., in the amount of $110,360 to:
a. conduct a review and analysis of the Agency's Assessments and Benefits for Zones 2B, 2Y, 2Z including water delivery/service charges;
b. provide an updated assessment methodology and analysis, and a cost of service approach to be considered by these taxpayers; and
c. authorize the General Manager to execute the Agreement, substantially in the form attached, and subject to approval by County Counsel.
SUMMARY/DISCUSSION:
On June 3, 2015 at the Water Resources Agency Board of Supervisors Public Budget Hearing it approved the Agency's FY 2015-16 Recommended Budget and requested that the Agency aggressively pursue alternative funding by hiring an independent consultant with expertise in water district financing to identify available funding not limited to grants for the unbudgeted projects that the Agency has been tasked with performing which include the following: Interlake Tunnel, Salinas River Stream Maintenance Program and Lagoon, Permit 11043, Castroville Seawater Intrusion Project (CSIP) Expansion, Sustainable Groundwater Management Agency (SGMA), and Fish Monitoring.
On July 16, 2015 at the Joint Water Resources Agency Board of Directors/Board of Su...
Click here for full text