ADMINISTRATIVE COMMITTEE

 

5.

CONSIDER ADOPTION OF RESOLUTION NO. 2013-14 FOR REIMBURSEMENT OF EXPENDITURES FOR ALTERNATIVE  DESALINATION PROJECT

 

Meeting Date:

August 12, 2013

Budgeted: 

N/A

 

From:

David J. Stoldt,

General Manager

Program/

Other Water Supply Projects

 

 

Line Item No.:     

1-11-1

 

Prepared By:

David J. Stoldt

Cost Estimate:

None

 

General Counsel Approval:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item at its August 12, 2013 meeting and recommended _____________________.

CEQA Compliance:  N/A

 

SUMMARY:  Resolution 2013-14 (Exhibit 5-A) is a Resolution of the Board of Directors of the Monterey Peninsula Water Management District Declaring the Official Intent to Reimburse Expenditures from the Proceeds of Tax Exempt Securities.  Adoption of the Resolution will allow amounts expended for environmental and permitting of the Alternative Desalination Project between the date of the adoption of the Resolution and actual receipt of the financing proceeds to be reimbursed from the financing proceeds when they are actually received.

 

RECOMMENDATION:  District staff recommends the Committee recommend that the Board adopts Resolution 2013-14, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Declaring the Official Intent to Reimburse Expenditures from the Proceeds of Tax Exempt Securities. 

 

EXHIBIT

5-A      Resolution 2013-14

 

 

 

 

 

 

 

 

 

 

 

U:\staff\Board_Committees\Admin\2013\20130812\05\item5.docx