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 Flood Zones 1, 1A, 8, 9, 12, and 17: and
b. Approve and adopt a FY 2020-21 COLA increase of 2.9% for Flood Zones 1, 1A, 8, 9, 12 and 17.
Report
RECOMMENDATION:
Recommended 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 Flood Zones 1, 1A, 8, 9, 12, and 17: and
b. Approve and adopt a FY 2020-21 COLA increase of 2.9% for Flood Zones 1, 1A, 8, 9, 12 and 17.
SUMMARY/DISCUSSION:
This report reflects the recently published 2020 Cost of Living Adjustment (COLA) of 2.9% for
The following flood Zones:
• Zones 1 & 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: Ordinance Nos. 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 requests that the Water Resources Agency Board of Supervisors hold a public hearing on June 2, 2020 at 1:30 PM to consider approving and 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 2020-21, all identified in the Public Notices. A notice was published once a week for two consecutive weeks prior to the date of the hearing on May 21, 2020 and May 28, 2020.
OTHER AGENCY INVOLVEMENT:
The Monterey County Water Resources Agency Board of Directors recommended this action to move forward at its April 20, 2020 meeting.
FINANCING:
The requested COLA increase of 2.9% will increase FY 2020-21 Flood Zone estimated revenues as follows:
• Zones 1 & 1A - Pajaro River Fund 112 revenues will increase by an estimated $13,622
• Zone 8 - Soledad Storm Drain Fund 121 revenues will increase by an estimated $2,107
• Zone 9 - Reclamation Ditch Fund 122 revenues will increase by an estimated $34,813
• Zone 12 - San Lorenzo Creek Fund 124 revenues will increase by an estimated $897
• Zone 17 - Moro Cojo Slough Fund 127 revenues will increase by an estimated $2,543
The total estimated increase for all flood zones is $53,981 increasing total revenues from $1,861,410 to an estimated $1,915,391.
Prepared by: Fabricio Chombo, Finance Manager II, (831) 755-4860
Approved by: ________________________________________________
Brent Buche, General Manager, (831) 755-4860
Attachments:
1. Executed MCWRA Board Order
2. Resolutions for Zones 1, 1A, 8, 9, 12 and 17