Title
Consider approving and recommending that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve Amendment No. 1 to the Professional Services Agreement with Raftelis Financial Consultants Inc. for an extension of time to June 30, 2018; and
b. Authorize the General Manager to execute the Amendment.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:
a. Approve and recommend that the Monterey County Water Resources Agency Board of Supervisors approve Amendment No. 1 to the Professional Services Agreement with Raftelis Financial Consultants Inc. for an extension of time to June 30, 2018; and
b. Authorize the General Manager to execute the Amendment.
SUMMARY/DISCUSSION:
Raftelis Financial Consultants Inc. (RFC) was hired by the Monterey County Water Resource Agency for the primary objectives of reviewing the Agency Benefit Assessments in Zones 2B, 2Y, and 2Z; the Water Delivery and Service charges; ongoing Project Management; and, to provide an updated assessment methodology/analysis and a cost of service approach. Upon completion of the cost of service analysis, a comparison of the three methodologies would be presented and appended to the updated model. The three methodologies consisted of:
1. Existing assessment methodology
2. Revised assessment methodology developed
3. Cost of Service methodology developed
A model of the above methodologies was presented to the Board on March 20, 2017 and it was recommended that RFC meet with the 22 landowners in Zone 2B to discuss the options presented to them. One of the popular options was to merge the Water Delivery charge in Fund 131 of $5.83 and Water Service charge in Fund 134 of $67.82 before requesting an increase on assessments.
On August 25, 2017, RFC met with the Zone 2B landowners at the Water Quality and Operations meeting at Monterey One Water and the land owners agreed to the RFC option to update ...
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