Title
a. Hold a public hearing on June 2, 2020 at 1:30 p.m. to consider approving and adopting assessment rate charges for FY 2020-21 with a cost of living adjustment (COLA) increase of 2.9% for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP), and for the CSIP water delivery charge and water service charge; and
b. Approve and adopt a FY 2020-21 COLA increase of 2.9% for Zones 2B, 2Y and 2Z, and the CSIP Water Delivery and Water Service Charges.
Report
RECOMMENDATION:
Recommend that the Monterey County Water Resources Agency Board of Supervisors:
a. Hold a public hearing on June 2, 2020 at 1:30 p.m. to consider approving and adopting assessment rate charges for FY 2020-21 with a cost of living adjustment (COLA) increase of 2.9% for Zones 2B, 2Y and 2Z for the Castroville Seawater Intrusion Project (CSIP) and the Salinas Valley Reclamation Project (SVRP), and for the CSIP water delivery charge and water service charge; and
b. Approve and adopt a FY 2020-21 COLA increase of 2.9% for Zones 2B, 2Y and 2Z, and the CSIP Water Delivery and Water Service Charges
SUMMARY/DISCUSSION:
This board report requests a 2.9% COLA increase for Zone 2B (CSIP project), Zone 2Y (operations and maintenance of CSIP), and Zone 2Z (operations and maintenance of the SVRP) based on the February 2020 San Francisco Area Consumer Price Index. The CSIP water delivery charge of $6.25 will increase to $6.43, and the water service charge of $72.72 will increase to $74.83.
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 which was paid off in 2018, and a Small Reclamation Projects loan from the U.S. Bureau of Reclamation that funded the construction of the projects. The operation of the CSIP and SVRP assists in the reduction of seawater intrusion in the groundwater aqu...
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