Transcript Monterey Peninsula Water Management District

Monterey Peninsula
Water
Management
District
Ordinance No. 123
(Second Reading)
August 15, 2005
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Monterey Peninsula
Water
Management
District
Ordinance No. 123
• Ordinance No. 123 would increase the user fee
collected on the water bills of Cal-Am customers by
1.2% (from 7.125% to 8.325%)
• Increase was included in the 2005-06 Budget adopted
by the Board of Directors on June 20, 2005.
• Increase will generate approximately $300,000 in
additional revenue per year to provide funding for
annual debt service for completion of Phase I ASR
Project and related water supply expenses
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Monterey Peninsula
Water
Management
District
ASR Project Expansion
Expansion of the ASR Project is needed to:
• Address & mitigate potential adverse effects
that may result from overproduction from the
Seaside Groundwater Basin and to promote
the adequacy and integrity of the waters in the
basin
• Expansion is also based upon the lack of legal
Cal-Am water supplies resulting from
SWRCB Order WR 95-10
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Monterey Peninsula
Water
Management
District
Phase I ASR Completion Costs
FY 2005-06 [1]
FY 2006-07
FY 2007-08
Debt Issuance Costs
Debt Issuance Required
$ 345,000
$2,460,000
$ 200,000
$ 85,000
$3,090,000
[1] Costs related to current facilities plus
expansion costs including labor
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Debt Issuance
Monterey Peninsula
Water
Management
District
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Total Debt Issuance
Assumed Interest Rate
Term of Borrowing
Annual Debt Service
$3,090,000
4.5%
15 Years
$287,700
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Monterey Peninsula
Water
Management
District
CEQA
• Ordinance No. 123 is exempt from California
Environmental Quality Act (CEQA) pursuant to
CEQA Guidelines Section 15273 (a) (1) – Rates,
Tolls, Fares, Charges
• The water use fee is to meet District operating
expenses including employee wage rates and fringe
benefits, consulting services, legal services and direct
costs including permit processing, enforcement and
associated litigation expense
• The Notice of Exemption was approved at the July
18, 2005 Board meeting
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Monterey Peninsula
Water
Management
District
Recommendation
1) Approve second reading and adopt
Ordinance No. 123
2) Direct staff to file the previously
approved notice of exemption with the
County Clerk of Monterey County
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