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HomeMy WebLinkAbout1993-04-26 - AGENDA REPORTS - CASTAIC LAKE WATER AGENCY (2)1• TO: FROM: CITY OF SANTA CLARITA I N T E R O F F I C E M E M O R A N D U M Mayor and Members of the C George Caravalho, City Man DATE: April 26, 1993 SUBJECT: Castaic Lake Water Agency 70 The Castaic Lake Water Agency (CLWA) may possibly lose approximately $6.5 million in property tax due to a shift in revenue allocations by the State Legislature. :This potential reallocation is part of the state's effort to balance its budget through a shift of traditionally local revenue sources to the state. CLWA's property tax revenue is an integral component of the Agency's Capital Improvement Program:. The state is encouraging enterprise special districts and other local governments.to use their revenue raising authority to offset funding losses. CLWA's legislative act provides for one annual hearing and Board of Directors' action which must be concluded not less than sixty days prior to the beginning of the new fiscal year . (July 1) for purposes of adjusting fee schedules. On April 21, 1993, the Agency Board held a public hearing,considering increases in connection fees, water rates and implementation of parcel stand-by charges as means to offset the potential loss of property tax revenue. The City Council has previously expressed concern over the taking of local revenues by the state and resulting cumulative actions as individual local jurisdictions seek to reduce funding losses through imposition or increase.of local revenue raising options. Representatives of the Castaic Lake water Agency will make a presentation to the City Council outlining the specific actions of the Board of Directors in responding to the possible property tax loss. Attached is a copy of,CLWA Resolution 910 which outlines the finance options considered by the Board of Directors. RECOMMENDATION Receive report from CLWA representatives and discuss. attachment (1) GAC:MPM:547 Agenda ifem: / "In ITEM N0. Minutes of the Special Meeting of the rAc+'Aif T.Aleo Wwtnr Dncnnv - M.,,I, Z laic) `4-1z+ A Special Meeting of the Board of Directors of the Castaic Lake Water Agency was held at 23560 Lyons Avenue, Suite 225, Santa Clarita, CA 91321 on Wednesday, March 3, 1993 at 6:30 P.M. The agenda of the meeting was timely posted and a copy of said, agenda is inserted in the Minute Book of the Agency preceding these minutes. DIRECTORS PRESENT: Bill Cooper, Tom Dierckman, Dean Efstathiou, Donald R. Froelich, Jim Gates, Jerry Gladbach, Stephen J. McLean, Mary R. Spring and Joe R. Whiteside DIRECTORS ABSENT: William J. Manetta, Jr. Also present were -Robert C. Sagehorn, General Manager; Linda J. Fleming, Agency Secretary; Robert H. Clark, Counsel; Glenn Reiter, Financial Consultant; Robert J. DiPrimio, and members of the general public. Vice President Spring called the meeting to order at 6:35 P.M. A quorum was present. . Upon motion of Director Gladbach, seconded by Director Froelich and carried, the agenda was approved. Upon motion of Director Gladbach, seconded by Director. Froelich and carried, the Board authorized director attendance at the Water Education Foundation Briefing in Sacramento, March 24 & 25, 1993. Upon motion of Director McLean, seconded by Director Gates and carried, Resolution No. 910 was adopted. RESOLUTION NO. 910 ANNUAL RESOLUTION OF INTENTION TO FORM WATER SERVICE AREAS FOR THE CASTAIC LAKE WATER AGENCY FOR ITS FISCAL YEAR 1993/94 WHEREAS, pursuant to legislation effective from and after January 1, 1987, the Agency's Board is mandated to divide all lands within the Agency into separate, non -overlapping water service areas; and WHEREAS, the purpose of these water service areas is to provide a source of monies, not to exceed the amount permitted annually by law, for the Annual Capital Budget of the Agency; and Minutes of March 3, 1993 Page 2. WHEREAS, the Agency's Annual Capital Budget is legally required to be funded and apportioned, following a noticed public hearing, on the principle of benefit received by the lands and people within each water service area; and WHEREAS, the Agency's General Manager, and its Financial and Engineering Consultants, have developed sound recommendations for both the said water service areas and the Annual Capital Budget and its method of being financed; and WHEREAS, these said recommendations are hereby found to be both consistent with and in furtherance of the program environmental impact report certified by this Board through its Resolution No. 647; and WHEREAS, since the Board's certification of its above -referenced EIR, it is hereby found that there (a) have been 'no changes proposed in the -Board's EIR-described projectswhich would require important or major revisions in the EIR due to the involvement of new significant environmental impacts not considered in the EIR, (b) there have also been no substantial changes with respect to the underlying environmental circumstances which would require important or major revisions of the EIR due to the involvement of new significant environmental impacts not covered in the EIR, and (c) no new information of substantial importance to the EIR- described projects has become available; and WHEREAS, due to the lack of changed circumstances. as described in the preceding recital, it is hereby found that it is not necessary to prepare either a subsequent EIR or a supplemental EIR as described in Public Resources. Code, section 21166, and in the implementing State of California and CLWA environmental review guidelines; NOW, THEREFORE, BE IT RESOLVED that this Board does hereby propose that, pursuant tc-,the_-- Agency. General. Manager. and consultant recommendations, the .Agency. continue to be divided into eight-' separate, -_non-overlapping= Watek' service- areasL1 with proposed boundary descriptions of these areas being as set forth in Exhibits A -through H hereof, which exhibits are'by this reference hereby incorporated herein; RESOLVED FURTHER that, to varying degrees during the Agency fiscal year commerjcing_.iuly,,.;l,;-1993, the land and, people within each of the above=rgferenced .proposed water service__ areas, which are proposed to bie,continued without any_:change*:.int. any boundary descriptions adopted by and through Agency Resolution No. 860, are projected to receive benefits as follows: Minutes of March 3, 1993 Page 3. o Use- of water to be made available by the Agency, including water conserved 'through possible . water reclamation projects. o Availability of contract interests of the Agency pursuant to the State Water Resources Development System. o Availability of existing property, plant and distribution facilities of the Agency, and CEQA-approved changes or additions to such property, plant, and/or distribution facilities. o Obtaining of additional needed quantities of -water for service within existing and expanded service areas within the Agency's boundaries. o Securing funds to implement the Agency's "Capital Program and Water Plan, including Acquisition of Supplemental Water and of a Proposed Second Plant Site", as further described in the Agency's programmatic environmental impact report certified by the Agency's Board on April 13, 1988. o d Further feasibility study work and E.I.R.'s, re a possible hydroelectric project and groundwater banking, re possible expansion of the Agency's water storage and treatment plant capacity, re possible securing of additional water from other State Water Project Contractors and from alternative. sources, re water reclamation, and re implementation of the.Agency's Long - Term Water Plan. o Maintenance of appropriate and necessary reserves for repairs and replacements of Agency plant and facilities and for compliance with Federal and State Safe Drinking Water Regulations, and Proposition 65 compliance as may be required by -the State Legislature. c�- Additional payments as legally permitted and CEQA- authorized, as necessary, for other purposes specified by Section 24.1 (standby charges), Section 26.1 (facility capacity fees), and Section 29.1 of the Castaic Lake Water Agency Law. RESOLVED FURTHER that the Agency General Manager and consultant - proposed Annual Capital Budget of the Ag ncy for the above- specified Agency fiscal year is $35,485,182V plus such sum of ad valorem property taxes reasonably needed to fund the Agency's annually due payments for "local" bonded debt repayment and for payments to the State of California for the State Water Resources Minutes of March 3, 1993 Page 4. Development System; and the.portion thereof proposed to be obtained from each proposed water service area is: WSA - 93-1 .(EXHIBIT A)........ 6.76% WSA - 93-2 (EXHIBIT B)........29.04% 5,696 WSA - 93-3 (EXHIBIT C)........16.28% .................$ WSA - 93-4 (EXHIBIT D)........ 9.87% WSA - 93-5 (EXHIBIT E).......,13.27% WSA - 93-6 (EXHIBIT F)........ 2.78% WSA - 93-7 (EXHIBIT G)........11.91% WSA - 93-8 (EXHIBIT H)........10.09% RESOLVED FURTHER that the Agency General Manager and consultant - proposed facility capacity fees proposed to be fixed; continued, levied, determined, or collected' within or from each proposed, water service area for the said proposed Annual,Capital Budget of the Agency are as follows: WSA - 93-1 ...............$ 6,558 A/F WSA - 93-2 ...............$ 5,696 A/F WSA - 93-3 .................$ 7,021 A/F WSA - 93-4 ............... $ 5.103 A/F WSA- 93-5 ...............$ 5,364 A/F WSA- 93-6 ................ $_5.010 A/F WSA - 93-7 ...............$ 6.244 A/F WSA - 93-8 ...............$ 4,916 A/F All per acre foot of anticipated water use RESOLVED FURTHER that the Agency General Manager and consultant - proposed standby/water availability charges and assessmenty - proposed to fixed, levied, determined, or collected within and from each proposed' water service area for the said proposed Annual' Capital Budget of the Agency are $10.00 per acre, or $10.00 per each parcel of less than an acre, if and only if the acreage or Minutes of March 3, 1993 Page 5. parcel .is improved property connected to a public or a P.U.C.- regulated water system; RESOLVED FURTHER that the capital component of -water rates charged by the Agency to retail water distributors within the Agency are proposed to be $40.00 per acre foot in proposed WSA's 93-1 through 93-7, and $355.34 per acre foot in proposed WSA 93-8; RESOLVED FURTHER that the Agency ad valorem property taxes proposed to be fixed, levied, and collected for its fiscal year 1993/94 shall, as permitted by Section 29.1 of the Agency's governing law, be fixed and determined outside the hearing process and at such later date when fuller assessed value information is available; • t RESOLVED FURTHER that, for each proposed water service area, the, Agency's Board proposestocontinue to equitably balance proposed benefits and projected revenues; RESOLVED FURTHER that this Board shall hold a public hearing concerning (1) the said proposed water service areas, and (2) the Agency's setting and funding of its Annual Capital Budget.at 7:30 p.m. on Wednesday, April 21, 1993, at the Old Orchard Elementary School, 25141 N. Avenida Rondel, City of. Santa Clarita, California. Upon motion of Director McLean, seconded by Director Dierckman and carried, Resolution No. 911 was adopted. Resolution No. 911 CHANGING DATE OF APRIL 1993 REGULAR MEETING WHEREAS, Section 26.1 of the Castaic Lake Water Agency Law provides that a public hearing must be held at a regular meeting of the Agency's Board of Directors priortoBoard adoption of any facility capacity fee; and WHEREAS, a public hearing to consider adoption of a revised' schedule of facility capacity fees is scheduled for Wednesday, April 21, 1993, being a date which is not a regular Board meeting date; NOW, THEREFORE, BE IT RESOLVED that the Agency's Regular Board of Directors meeting for the month of April 1993 is hereby changed to Minutes of March 3, 1993 Page 6. Wednesday, April 21, 1993, at 7:30 P.M. in the Old Orchard Elementary School, 25141 N. Avenida Rondel, City of Santa Clarita, California. ********** Upon motion of Director McLean, seconded by Director Gladbach and carried, the meeting was adjourned at 8:00 P.M. Linda J. Fleming, Secretary ATTEST: Vice President of the Board CASTAIC LAKE WATER AGENCY CAPITAL PROGRAM REVENUE SYSTEM FISCAL YEAR 1993-94 ONE: CAPITAL FACILITY FEE (CONNECTION FEE) WATER TREATMENT SERVICE ECT. AREA PIPELINES TOTAL POTENTIAL 93/94 REBATE 1 $4,827 $1,731 $6,558 $1,300 2 $4,827 $ 869 $5,696 $1,300 3 $4,827 $2,194 $7,021 $1,300 4 $4,827 $ 276 $5,103 $1;300 5 $4,827 $ 537 $5,364 $1,300 6 $4,827 $ 183 $5,010 $1,300 7 $4,827 $1,417 $6,244 $1,300 8 $4,827 $ 89 $4,916 $1,300 TWO: "STAND BY" OR "WATER AVAILABILITY"'CHARGE A new "stand by" or "water availability" charge of $10 per acre or $10 per parcel for parcels less than one acre that receive service from Agency purveyors, billed on the 1993/94 tax bill. This charge.will not happen if before August 1, 1993s, the Governor of California signs a bill that results in the Agency being able to receive at least 15% of its 1993/94 historical 1% property tax revenue. THREE: ALLOCATION FROM WATER RATE Continue a $40 per acre foot allocation to the capital program of the $145/af water rate revenue received from all water service areas except number 8. (The allocation from water service area 8 which has a water rate of $440.34/AF, is $355.34 per acre foot.) RESOLUTION NO. 922 FORMING WATER SERVICE AREAS FOR CASTAIC LAKE WATER.AGENCY FISCAL YEAR 1993/94 AND TAKING ALL NECESSARY ACTIONS TO SET AND FUND THE AGENCY'S ANNUAL CAPITAL BUDGET WHEREAS, pursuant to legislation effective from and after January 1, 1987, the Agency's Board is mandated to divide all lands within the Agency into separate, non -overlapping water service areas; and WHEREAS, the purpose of these water service areas is to provide a source of monies, not to exceed the amount permitted annually by law, for the Annual Capital Budget of the Agency; and WHEREAS, the Agency!s Annual Capital Budget is legally. required to be funded and apportioned, following a noticed public hearing, on the principle of benefit received by the lands and people within each water service area; and WHEREAS, the Agency's Board; following timely posted and published notice as described and required by Section 29.3 of the Castaic Lake Water Agency Law, and following timely mailed notice by first class mail to property owners within the Agency, held a public hearing at a regular Agency Board meeting as required by Sections 26.1 and 29.4 of said Law; and WHEREAS, the Agency's General Manager -- and its Financial, Legal and Engineering Consultants -- have developed and presented to the Board sound recommendations for water service areas, for the Annual Capital Budget, and for the methods for its being funded; and WHEREAS, these recommendations are both consistent with and in furtherance of the program environmental impact report certified by this Board on April 13, 1988 through Resolution No. 647; and WHEREAS, since the Board's certification of its above -referenced EIR, it is hereby found that there (a) have been no changes proposed in the Board's EIR-described projects which would require important or major revisions in the EIR due to the involvement of new significant environmental impacts not considered in the EIR, (b) there have also been no substantial changes with respect to the underlying environmental circumstances which would require important or major revisions of the EIR due to the involvement of new significant environmental impacts not covered in the EIR, and (c) no new information of substantial importance to the EIR- described projects has become available; and WHEREAS, due to the lack of changed circumstances as described in the preceding recital, it is hereby found that it is not necessary to prepare either a subsequent EIR or a supplemental EIR. as 1 described in Public Resources Code,section 21166, and in the implementing State of California and CLWA environmental review guidelines; and WHEREAS, the fiscal year 1993/94 Annual Capital Budget must be adopted, following State statutes, while it is uncertain whether the Governor and the Legislature will be successful in taking from the Agency and its citizens, to fund the statewide budget deficit, the Agency's historical share of Proposition 13 locally -generated 1% property tax monies; and WHEREAS, this Agency has historically pledged its share of 1% property tax monies to its Annual Capital Budget, and desires to continue to do so in its fiscal year 1993/94; and WHEREAS, this Agency hereby finds it to be in the public interest to hereby continue to dedicate 1% fiscal 93/94 property tax monies, to the extent collected in fiscal 93/94, to the Agency's fiscal 1993/94 Annual Capital Budget, inasmuch as such dedication serves public purposes, inter alia, as follows: (1) Helps preserve and protect the Agency's credit rating by avoiding unnecessarily high facility capacity fee levels that may cause deferral of city and county planned growth, including new construction, within the Agency's jurisdiction, with such deferred construction hereby deemed to be likely to cause adverse impacts on contractual ratios agreed to by the Agency in its June 1990, Certificates of Participation. financing of $132 million dollars; (2) Helps lower to the maximum extent the interest costs paid by the Agency in debt refinancing and in future debt financing, including two such planned -financings of $100 million or more each within the, year 2010 planning horizon of the relevant city and county planning authorities, with such•interest cost lowering being due to the Agency's being able to show a pattern of connection fee payment fluctuations that is not made unduly extreme by such factors as unmitigated 23-70% connection fee increases not required financially in neighboring or other areas of the State; (3) Lowers overall financing costs of new Agency capital facilities, to the benefit of both new and existing users, because debt and bond rating agencies, and the borrowing public, may look to revenues from three significant sources -- facility capacity fees (which "bounce" with the housing cycle), acreage and/or parcel water standby charges on improved property served by a retail water distributor (which do not "bounce" with the housing cycle), and the historically rising (but often 2 politically attacked) revenue stream of 1% property tax monies -- as sources for debt repayment; (4) Encourages earlier payment of facility capacity fees; by making such fees more affordable, thereby reducing the amount of Agency borrowing (with its inherent high interest costs) needed in situations where cash flow lags new Agency water facility construction and/or water supply acquisition; (5) Helps lessen the severe economic pressures on the general economy within the Santa Clarita Valley, and thereby helps to enhance and preserve the economic health of the Valley, thereby encouraging lenders to continue to highly regard the Agency and its credit -worthiness; and WHEREAS, due to federal income tax regulations, increases in the Agency's water rates cannot accomplish the same purpose as a dedication of 1% property tax monies to the Annual Capital Budget, since such water rate increases could render the Agency's June, 1990, Certificates of Participation financing taxable (as opposed to tax-exempt) under "private activity bond" rules; and WHEREAS, adoption of a $10.00 per acre and/or $.10.00 per parcel of less than one acre water standby (availability) charge program is now legally feasible due to the substantial completion of several Agency projects including the Rio Vista Water Treatment Plant, which projects are hereby deemed to "benefit" existing property owners in the manner required by law, and are projected to be fully operational this coming Winter; NOW, THEREFORE, BE IT RESOLVED that this Board does hereby find and determine that it is in the best interest of the Agency and of the lands and people of each of the eight proposed water service areas described in Agency Resolution No. 910 that each such proposed water service area be fixed, formed, established, and continued as proposed in said Resolution No. 910; RESOLVED FURTHER that this Board does therefore hereby, as of July 1, 1993, fix, form, establish, and continue without change the eight existing water service areas, with the legal descriptions of these areas being as set forth in Exhibits A through H hereof, which exhibits are by this.reference hereby incorporated herein; RESOLVED FURTHER that, to varying degrees during the Agency fiscal year.commencing July 1, 1993, the lands and people within each of the above -referenced water service areas are projected to each receive benefits as follows: o Use of water to be made available by the -Agency, including water conserved through possible water reclamation projects. o Availability of contract interests of the Agency pursuant to the State Water Resources Development System. o Availability of existing property, plant and distribution facilities of the Agency, and CEQA-approved changes or additions to such property, plant, and/or distribution facilities. o Obtaining of additional needed quantities of water for service within existing and expanded service areas within the Agency's boundaries. o Securing funds to implement the Agency's "Capital Program and Water Plan, including Acquisition of Supplemental Water and of a Proposed Second Plant Site", as further described in the Agency's programmatic environmental impact report certified by the Agency's Board on April 13, 1988. o Further feasibility study work and E.I.R.Is, re a possible hydroelectric project and groundwater banking, re possible expansion of the Agency's water storage and treatment plant capacity, re possible securing of additional water from other State Water Project Contractors and •from alternative sources, re water reclamation, and re implementation of the Agency's Long - Term Water Plan. o Maintenance of appropriate and necessary reserves for repairs and replacements of Agency plant and facilities and for compliance with Federal and State Safe Drinking Water Regulations, and Proposition 65 compliance as may be required by the State Legislature. o Additional payments as legally permitted and CEQA- authorized, as necessary, for other purposes specified by Section 24.1 (standby charges), Section 26.1 (facility capacity fees) and Section 29.1 of the Castaic Lake Water Agency Law. RESOLVED FURTHER that the Annual Capital Budget of the Agency for the above-specified Agency fiscal year is hereby set at $35,485,182, plus such ad valorem property taxes reasonably needed to fund the Agency's annually due payments for "local" bonded debt repayment and for payments to the State of California for the State Water Resources Development System; and the portion thereof proposed to be obtained from each proposed water service area is set as follows: WSA- 93-1 (EXHIBIT A) .................. 6.76% WSA- 93-2 (EXHIBIT B) .................. 29.04% WSA - 93-3 (EXHIBIT C) .................. 16.28% WSA - 93-4 (EXHIBIT D) .................. 9.87% WSA - 93-5 (EXHIBIT E) .................. 13.27% WSA- 93-6 (EXHIBIT F) .................. 2.78% WSA - 93-7 (EXHIBIT G) .................. 11.91% WSA - 93-8 (EXHIBIT H).................. 10.09% RESOLVED FURTHER that the said Annual Capital Budget is adopted pursuant to this Board's hereby made determination and findings that the Agency's existing water importation, transportation, and delivery facilities and other related works, property and improvements are not adequate for the purpose of receiving, importing, transporting, and delivering additional needed quantities of water available from the State Water Resources Development System and/or from other -sources; RESOLVED FURTHER that based on data supplied by the Agency's consultants and the County of Los Angeles, and the Agency's CEQA documentation, the extent of the need for additional supplies of water to be supplied by the Agency is very substantial, with approximately 24,000 to 30,000 acre feet of additional water annually being needed for use in the Santa Clarita Valley.by the year 2010 -- and with a very substantial augmentation of Agency facilities, existing and additional, being also needed to treat, transport and deliver said additional water; RESOLVED FURTHER -that this Board does hereby therefore find and determine that existing facilities and other works and improvements of the Agency are inadequate to import, receive, transport, and deliver the above -referenced, needed additional quantities of water; RESOLVED FURTHER that this Board does hereby, with respect to facility capacity fees, adopt.all plans and programs as specified in Section 26.1(b) of the Agency's Act -- and as more particularly described in the April 9, 1993 Data Document set forth as Exhibit I hereof, which document was available to the public at the Agency's offices from and after April 9, 1993 for the period required by law, and which document is by this reference incorporated herein; RESOLVED FURTHER that the proceeds of the facility capacity charges shall be solely expended pursuant to the requirements of Section 26.1 of the Agency's Act, with benefits and costs balanced as nearly as practicable among water service areas in the same proportions as the Annual Capital Budget is herein proposed to be obtained from such water service areas; 5 RESOLVED FURTHER that the Board does further find and determine that the benefits proposed to be received by the lands and people of each water service area from the expenditure of the aggregate of the Annual Capital Budget of the Agency, in approximate proportion as nearly as reasonably practicable, are to be funded by amounts proposed to be proportionately derived from each such water service area; RESOLVED FURTHER that this Board hereby finds a. reasonable relationship exists between hereby authorized uses of facility capacity charge revenues and the types of projects for which said charges are being imposed, inasmuch as revenue will only be used for Section 26.1 authorized purposes described in the Data Document for the benefit of new vs. existing users, and will be calculated for each development by calculating the quantity of anticipated annual water usage attributable to each development; RESOLVED FURTHER that this Board hereby, finds a reasonable relationship exists between the need for the Section 26.1 authorized facilities and projects described in the Data Document and the kind of development projects for which the facility capacity charges will be imposed because the need for each type of development can be fairly determined by calculating the quantity of anticipated annual water usage attributable to each development; RESOLVED FURTHER that this Board hereby finds a reasonable relationship exists between the amount of the facility capacity charges imposed by this resolution and the cost of the Data Document identified projects, because the said charges have been determined by the Agency's Financial and Engineering Consultants based upon their estimates of true construction costs of the said facilities, their determinations of which water service areas will benefit from each of the capital projects, and their determinations of the anticipated annual water usage planned by city and county governments to occur within each of the eight water service areas through 2010, as based upon information supplied by said planning agencies and the Santa Clarita Valley's four retail water purveyors; RESOLVED FURTHER that, in light of the foregoing, the Board does set facility capacity charges (connection charges) for its fiscal year 93/94, commencing July 1, 1993, as follows: WSA - 93-1 ....................$6,558 WSA - 93-2 ....................$5,696 WSA - 93-3 .................... $7,021 WSA- 93-4 ....................$5,103 WSA - 93-5 ....................$5,364 M WSA- 93-6 ....................$5.010 WSA-.93-7 ....................$6.244 WSA - 93-8 ....................$4.916 All per acre foot of anticipated water use. and does hereby find, in light of the foregoing described factors, but subject to adjustments through a hereinafter adopted rebate program, that charges in the amounts herein established are justified; RESOLVED FURTHER that this Board does hereby set water standby charges on a parcel basis pursuant to Section 24.1 of the Castaic Lake Water Agency Law at $10.00 per acre, and/or $10.00 per each parcel of less than one acre, on all acreage and parcels which are improved property connected to a public or a P.U.C. - regulated water purveyor within the Agency, with said charges being hereby dedicated to the new water treatment capacity and water quality improvements within the Agency's Annual Capital. Budget, which benefit existing as opposed to future water users; RESOLVED FURTHER that this Board does hereby find that the said standby charges in each water service area are, with respect to each parcel, less in monetary value than the benefit to be provided to each standby - charged parcel within each water service area within Agency fiscal year 93/94, and are not duplicative of other Agency fees, charges, or rates; RESOLVED FURTHER.that, at the time and in the manner required by law for the levying of taxes for county purposes, the Board of Supervisors of Los Angeles County is directed on behalf of this Agency to levy, in addition to any other tax, assessment or charge it levies, a water standby charge in the amounts and on the respective parcels: identified'. by the Agency's Board through a writing which. the Agency's General Manager is directed to cause to be furnished to the Los Angeles County Auditor not later than August 9, 1993, and that: (1) all county officers charged with the duty of collecting, receiving and disbursing taxes shall collect Agency water standby charges with the regular tax payments to the County; (2) the charges shall be collected in the same form and manner as county taxes are collected and shall be paid to the Agency; (3) the Agency shall reimburse the County of Los Angeles for its necessary costs and expenses; 7 (4) the charges hereby fixed and imposed by the Agency shall be liens against the parcels of land against which those charges have been.imposed; and (5) liens for those charges shall be of the same force and effect as liens for taxes, and their collection may be enforced by the same means as provided for the enforcement of liens for either State or County taxes. RESOLVED FURTHER that, to the extent the Annual capital Budget legally fundable from connection fees is not funded by the foregoing described connection charges, and by water standby charges on improved property served by a retail water distributor, it shall be so funded from 1$ tax monies (subject to availability of such monies and to a connection fee adjustment program related to such monies), from ad valorem property taxes described in the fourth "resolved clause" of this resolution, from existing reserve accounts of the Agency, and from a $40.00 per acre foot water rate in WSA's 93-1 through 93-7 and a $355.34 per acre foot water rate in WSA.93-8, hereby set and established as the capital component of the Agency's total water rate, being $145.00 total per acre foot in WSA's 93-1 through 93-7 and $440.34 total per acre foot in WSA 93- 8, to the Santa Clarita Valley's four retail water purveyors. RESOLVED FURTHER that the Agency ad valorem property taxes proposed to be fixed, levied, and collected for Agency fiscal year 1993/94 shall, as permitted by Section 29.1 of the Agency's governing law, be fixed and determined outside the hearing -process and at such later date , probably in August 1993, when fuller assessed value information is available; RESOLVED FURTHER that the facility capacity fees set and established hereunder are for public improvements and facilities for which an Agency budget account has been established and to which funds have been appropriated -- and for which this Agency has adopted a proposed construction schedule or plan in its above - referenced Data Document and otherwise; or, to the full extent permitted by law, such fees are for reimbursement to this Agency for expenditures previously made for such public improvements and facilities as described in previous Data Documents adopted by this Agency; RESOLVED FURTHER, however, that this resolution does not constitute a -representation by the Agency that the projects described in the Data Document will be implemented in any particular order, or on any set schedule, inasmuch as all Agency projects are subject to environmental review, are subject to availability of Agency funds, and are subject to further Board evaluation as to- need and desirability in light of changing conditions; RESOLVED FURTHER that the water standby charges set and established hereunder are dedicated, in order of priority, to payment of the fiscal year 93/94 costs related to (1) the Agency's new treatment plant capacity at or adjacent to the Rio Vista Water Treatment Plant site, under construction since January 20, 1992, now approximately 70% complete, projected to be 80-85% completed by July 1, 1993, and projected to be fully operational.by the endof 1993, (2) the water quality improvement technologies installed now and to be further installed by the end of 1993 at the Rio Vista Plant and at the Earl Schmidt Plant, and (3) the State Water Project payments to the extent not funded by ad valorem property taxes; RESOLVED FURTHER that if, by August. 1, 1993, new law has been signed by the Governor which results in the Agency being eligible to receive at least 15% of its fiscal year 1993/94 historical 1% property tax monies, then there shall be no fiscal year 1993/94 standby charge program; RESOLVED FURTHER that the. Agency's General Manager is hereby directed to revise. on a technical basis the existing rules and regulations of the Agency for administering the collection of the Agency's Annual Capital Budget, and for collecting facility capacity fees on and after July 1, 1993, said revisions being to implement a facility capacity fee adjustment program which, if the Agency's 1% property tax monies are not reduced in its fiscal year 1993/94 so as to make adjustments infeasible, will rebate to the fullest extent feasible from such fiscal year 1993/94 it property tax monies, to fiscal year 1993/94 payers of the facility capacity fee, the maximum sum, of $1,300 per acre foot of anticipated water use; RESOLVED FURTHER that said maximum rebate amount of $1,300 per acre foot of anticipated water use is hereby implemented on the condition that legislative and/or judicial action(s) not reduce Agency fiscal year 1993/94 1% property tax monies whatsoever, and rebates shall be only proportionally implemented if the Agency suffers a partial loss of fiscal year 1993/94 1%. property. tax monies, such that a loss of X% (say, 10%) of such monies will result in a reduction of ten (10) percent of the maximum rebate amount as set forth above; RESOLVED FURTHER that the fee adjustments described in the preceding paragraph shall be implemented not later than August 1, 1994, or such earlier time within fiscal year 1993/94, or within July, 1994, that this Agency's Board finds these adjustments via rebate to be feasible; RESOLVED FURTHER that the water rates, standby charges, facility capacity fees, rebate program, and the other findings and determinations made in this Resolution are severable from each other to the maximum extent permitted by law; E RESOLVED FURTHER that this resolution shall be effective immediately upon Board adoption. I, the undersigned, hereby certify: That I am the duly appointed and acting Secretary of the Castaic Lake Water Agency, and that at an adjourned regular meeting of the Board 'of Directors of said Agency held on Thursday, April 22, 1992, the foregoing Resolution No: 922 was duly.and regularly adopted by said Board, and that said resolution has not been rescinded or amended since the date of its adoption, and that it is now in full force and effect. DATED• Linda J. Fleming, Secretary 10