Title
Support recommending that the Monterey County Water Resources Agency Supervisors:
a. Approve and adopt a FY 2021-22 cost of living adjustment (COLA) increase of 1.6% 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 2021-22 COLA increase of 1.6% for the CSIP water delivery charge and water service charge;
c. Set and hold a public hearing on June 2, 2021 at 1:30 p.m. to consider approving and adopting assessment rate charges; and
d. Direct the Clerk of the Board of Supervisors to publish a hearing notice once a week for two consecutive weeks prior to the date set for the hearing.
Report
RECOMMENDATION:
It is recommended that the Finance Committee support recommending that the Monterey County Water Resources Agency Board of Supervisors[LEH1]:
a. Approve and adopt a FY 2021-22 cost of living adjustment (COLA) increase of 1.6% 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 2021-22 COLA increase of 1.6% for the CSIP water delivery charge and water service charge;
c. Set and hold a public hearing on June 2, 2021 at 1:30 p.m. to consider approving and adopting assessment rate charges; and
d. Direct the Clerk of the Board of Supervisors to publish a hearing notice once a week for two consecutive weeks prior to the date set for the hearing.
SUMMARY/DISCUSSION:
This board report requests the minimum annual 1.6% 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 $6.43 will increase to $6.53, and the water service charge of $74.83 will increase to $76.03.
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 ...
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