Title
a. Hold a Public Hearing date on June 5, 2018 at 10:30 a.m. to consider adopting assessment rate charges with a 3.6% increase for Zones 2B, 2Y and 2Z for Fiscal Year 2018-2019, the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP); and
b. Approve and adopt a FY 2018-19 3.6 % cost of living adjustment (COLA) increase for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP); and the CSIP water delivery and water service charge.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
a. Hold a Public Hearing date on June 5, 2018 at 10:30 a.m. to consider adopting assessment rate charges with a 3.6% increase for Zones 2B, 2Y and 2Z for Fiscal Year 2018-2019, the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP); and
b. Approve and adopt a FY 2018-19 3.6 % cost of living adjustment (COLA) increase for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP); and the CSIP water delivery and water service charge.
SUMMARY/DISCUSSION:
The Water Resources Agency requests the minimum annual 3.6% COLA increase for Zone 2B The Castroville Seawater Intrusion Project (CSIP), Zone 2Y, the Operations and Maintenance of the Castroville Seawater Intrusion Project (CSIP), and Zone 2Z the Operations and Maintenance of the Salinas Valley Reclamation Project (SVRP). The CSIP Water Delivery charge of $5.83 will increase to $6.04 and the Water Service charge of $67.82 will increase to $70.26.
Zones 2B, 2Y, and 2Z were established to provide revenue to construct, operate and maintain the CSIP and the SVRP, which includes debt service for the municipal bonds, a State Revolving Fund loan, and a Small Reclamation Projects loan from the U.S. Bureau of Reclamation that funded the construction of t...
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