ITEM:		CONSENT CALENDAR
7.	APPROVE EXPENDITURE TO CORPORATION SERVICE COMPANY – RECORDING FEES
Meeting Date:			July 17, 2017	Budgeted:	Yes
From:			David J. Stoldt,	Program/	Recording Fees
			General Manager	Line Item No.:	26-05-781900
Prepared By:			Stephanie Locke	Cost Estimate:	$24,000
General Counsel Review: N/A
Committee Recommendation: The Administrative Committee reviewed this item on July 10, 2017 and recommended approval.
CEQA Compliance: This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

SUMMARY:  For the past year, the District has been using Corporation Service Company (CSC) to eRecord deed restrictions. The electronic method provides fast customer service and costs the District and the customer less than the former method of transmitting documents via courier to the recorder’s office. Customers reimburse the District for approximately 40 percent of the deed restriction recordation costs when they receive a Water Permit. The other portion is a District expense, mainly for recording the deed restrictions that allow access to water records.

CSC requires immediate payment when a document is recorded. To facilitate this, the District maintains a deposit account that is refilled monthly to cover recording costs. This ensures that recordings are not delayed.

Staff is seeking approval for this fiscal year’s recording fee deposit account. The FY 2017-18 budget was approved with $24,000 for this account. If approved with the Consent Calendar, staff will be authorized to deposit up to $24,000 over the fiscal year with CSC for eRecording. As stated above, deposits occur monthly or as needed.

RECOMMENDATION: The Board should adopt this item with the Consent Calendar.

EXHIBIT

None

file:///U:\staff\Boardpacket\2017\20170717\ConsentClndr\06\Item-7.docx