Title
Consider recommending that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP);
b. Approve and adopt a FY 2019-20 COLA increase of 3.5% for the CSIP water delivery charge and water service charge;
c. Set and hold a public hearing on June 4, 2019 at 1:30 p.m. to consider adopting assessment rate charges; and
d. Direct the Clerk of the Board of Supervisors to publish a hearing notice at least ten days prior to the date set for the hearing.
Report
RECOMMENDATION:
Recommend that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP);
b. Approve and adopt a FY 2019-20 COLA increase of 3.5% for the CSIP water delivery charge and water service charge;
c. Set and hold a public hearing on June 4, 2019 at 1:30 p.m. to consider adopting assessment rate charges; and
d. Direct the Clerk of the Board of Supervisors to publish a hearing notice at least ten days prior to the date set for the hearing.
SUMMARY/DISCUSSION:
This board report requests the minimum annual 3.5% COLA increase for Zone 2B (CSIP project), Zone 2Y (operations and maintenance of CSIP), and Zone 2Z (operations and maintenance of the SVRP). The CSIP water delivery charge of $6.04 will increase to $6.25, and the water service charge of $70.26 will increase to $72.72.
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 ...
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