BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Sites Project Authority 2019 Reservoir Project Agreement for Continued District Participation in the Sites Reservoir Project. (Continued from February 12, 2019)
End
RECOMMENDATION:
Recommendation
A. Receive update and report on the Sites Reservoir Project;
B. Authorize the CEO to execute the Sites Project Authority 2019 Reservoir Project Agreement for Phase 2 Year 1 participation;
C. Authorize the District to participate in funding Phase 2 Year 1 Sites Reservoir Project costs, and decide on the specific participation level (up to 4.8%); and
D. Direct staff to continue engagement in Sites Reservoir Committee and negotiate future funding participation to include stronger governance role.
Body
SUMMARY:
In 2017 the Board authorized the CEO to execute an agreement to participate in Phase 1 of the Sites Reservoir Project (Sites Project). That agreement is set to expire on March 31, 2019. The Sites Joint Powers Authority (JPA) is offering the District the opportunity to continue participating in the Sites Project by executing the Sites Project Authority 2019 Reservoir Project Agreement (2019 Project Agreement), which will cover calendar year 2019 work activities. Execution of the agreement would obligate the District to contribute funds to support development of the Sites Project through calendar year 2019 (Phase 2, Year 1). The District has been participating in the Sites Project at a targeted participation level of 4.8 percent (i.e., funding 4.8 percent of total project costs to preserve rights to 4.8 percent of total project benefits); maintaining this participation level would obligate the District to provide up to $1.44 million in funding for Phase 2, Year 1. However, the District may choose to participate at a lower or higher level or to discontinue participation. A copy of the proposed 2019 Project Agreement is included as Attachment 1.
2019 Funding Objectives
The District's funding contribution would ...
Click here for full text