Title
a. Set and hold a public hearing on June 4, 2019 at 1:30 PM to consider adopting FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Flood Zones 1, 1A, 8, 9, 12, and 17; and
b. 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:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
a. Set and hold a public hearing on June 4, 2019 at 1:30 PM to consider adopting FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Flood Zones 1, 1A, 8, 9, 12, and 17; and
b. 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 report reflects the recently published 2019 Cost of Living Adjustment (COLA) of 3.5% for
The following Flood Zones:
• Zones1 & 1A- Pajaro River Fund 112
• Zone 8 - Soledad Storm Drain Fund 121
• Zone 9- Reclamation Ditch Fund 122
• Zone 12 - San Lorenzo Creek Fund 124
• Zone 17- Moro Cojo Slough Fund 127
The Monterey County Water Resource Agency Ordinances governing these Agency flood zones are as follows: 2626, 2974, 3878, and 3881. These Ordinances were adopted for the main purposes of protecting life and property, and reducing the impact caused by flooding.
This board report also requests that a public hearing be set and held for June 4, 2019 at 1:30 PM to consider adopting assessment rates as set forth in the Notices of Public Hearing relating to Zones 1, 1A, 8, 9, 12 and 17 for Fiscal Year 2019-20, all identified in the Public Notices. A notice will be published at least ten days prior to the date set for this hearing.
OTHER AGENCY INVOLVEMENT:
This item was approved by the Monterey County Water Resources Agency Board of Directors on April 15, 2019.
FINANCING:
The requested COLA increase of 3.5% will increase FY 2019-20 Flood Zone estimated revenues as follows:
• Zones1 & 1A- Pajaro River Fund 112 revenues will increase by an estimated $15,304.
• Zone 8 - Soledad Storm Drain Fund 121 revenues will increase by an estimated $2,315.
• Zone 9- Reclamation Ditch Fund 122 revenues will increase by an estimated $40,930.
• Zone 12 - San Lorenzo Creek Fund 124 revenues will increase by an estimated $1,104.
• Zone 17- Moro Cojo Slough Fund 127 revenues will increase by an estimated $4,066.
The total estimated increase for all flood zones is $63,719 increasing total revenues from $1,820,544 to an estimated $1,884,263.
Prepared by: Fabricio Chombo, Finance Manager II, (831) 755-4860
Approved by: Shauna Lorance, Interim General Manager, (831) 755-4860
Attachments:
1. Notices of Public Hearing Zones 1, 1A, 8, 9, 12 and 17
2. Executed MCWRA Board Order