Title
Support recommending that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2021-22 cost of living adjustment (COLA) increase of 1.6% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration;
b. Set and hold a public hearing on June 2, 2021 at 1:30 PM to consider approving and adopting assessment rate charges; and
c. 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:
a. Approve and adopt a FY 2021-22 cost of living adjustment (COLA) increase of 1.6% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration;
b. Set and hold a public hearing on June 2, 2021 at 1:30 PM to consider approving and adopting assessment rate charges; and
c. 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 report reflects the recently published 2021 Cost of Living Adjustment (COLA) of 1.6% for Zone 2C Operations and Maintenance and Administration (O&M). Ordinance No. 4203 governs Zone 2C assessments which the electorate of the Agency's Zone 2C approved for the Salinas Valley Water Project (SVWP).
Zone 2C assessments have been historically insufficient to fund Operations and Maintenance at the two dams. These shortages have resulted in Agency deferring a total of 32 repair projects totaling approximately $85. This combined with requirements from the State of California Department of Water Resources Division of Safety of Dams (DSOD) to repair or replace the San Antonio Spillway red by November 2024 with an estimated cost of approximately $60 million has resulted in total unfunded cost...
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