Title
Consider 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 Flood Zones 1, 1A, 8, 9, 12, and 17; and
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:
Recommend 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 Flood Zones 1, 1A, 8, 9, 12, and 17; and
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
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
Monterey County Water Resources Agency Act (California Water Code, Appendix §§ 52-20, 52-24) and Ordinance Nos. 2626, 2974, 3878, and 3881govern these Agency flood zones. 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 Directors recommend that a public hearing be set and held for June 2, 2021 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 2021-22, all identified in the Public Notices. A notice will be published once a week for two consecutive weeks prior to the date set for this hearing.
OTHER AGENCY INVOLVEMENT:
This item was presented to the Finance Committee on April 2, 2021 and the Committee supported the recommendation.
FINANCING:
The requested COLA increase of 1.6% will increase FY 2021-22 Flood Zone estimated revenues as follows:
• Zones 1 & 1A - Pajaro River Fund 112 revenues will increase by an estimated $7,734
• Zone 8 - Soledad Storm Drain Fund 121 revenues will increase by an estimated $1,196
• Zone 9 - Reclamation Ditch Fund 122 revenues will increase by an estimated $19,764
• Zone 12 - San Lorenzo Creek Fund 124 revenues will increase by an estimated $509
• Zone 17 - Moro Cojo Slough Fund 127 revenues will increase by an estimated $1,443
The total estimated increase for all flood zones is $30,646 increasing total revenues from $1,915,392 to an estimated $1,946,038.
Prepared by: Erica Leal, Accountant III, (831) 755-4860
Approved by: Brent Buche, General Manager, (831) 755-4860
Attachments:
1. Notices of Public Hearing Zones 1, 1A, 8, 9, 12 and 17
2. Resolution Zones 1, 1A, 8, 9, 12 and 17
3. Board Order