BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Adopt Resolution Making Responsible Agency Findings and Approving State Water Project Contract Amendment for Water Management, and Authorize the Chief Executive Officer to Execute the Amendment and File Notice of Determination.
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RECOMMENDATION:
Recommendation
A. Receive information and discuss the proposed State Water Project Water Supply Contract Amendment for Water Management (Water Management Tools Amendment);
B. Adopt the Resolution (1) MAKING RESPONSIBLE AGENCY FINDINGS PURSUANT TO CEQA FOR THE FINAL ENVIRONMENTAL IMPACT REPORT (FEIR) AND ADOPTING CEQA FINDINGS AND STATEMENT OF OVERRIDING CONSIDERATIONS; AND (2) APPROVING THE PROPOSED STATE WATER PROJECT CONTRACT AMENDMENT FOR WATER MANAGEMENT, AMENDMENT NO. 25 TO VALLEY WATER'S WATER SUPPLY CONTRACT WITH THE DEPARTMENT OF WATER RESOURCES; and
C. Authorize the Chief Executive Officer to execute Amendment No. 25 to Valley Water's State Water Project Water Supply Contract and file Notice of Determination.
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SUMMARY:
The State Water Project Water Supply Contract Amendment for Water Management, often called the Water Management Tools Amendment, will provide greater flexibility for transfers and exchanges among State Water Project (SWP) contractors and will improve Valley Water's access to supplemental dry year supplies. The primary benefit of the Water Management Tools Amendment is that it provides the ability to transfer SWP water among SWP contractors, which is not currently allowed under the SWP contract. The key elements of the amendment include:
* Direct single and multiple-year transfers
* Financial compensation determined by SWP contractors
* Ability to transfer water stored in San Luis Reservoir
* Ability to transfer water from groundwater banks
* Updated rules for water exchanges
* Process for improved transparency
The Water Management Tools Amendment does not result in the construction of new facilities or modify existing SWP facilities. I...
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