ITEM:

CONSENT CALENDAR

 

9.

Approve Expenditure to Corporation Service Company - Recording Fees

 

Meeting Date:

June 21, 2021

Budgeted:

Yes

 

From:

David J. Stoldt,

Program/

Recording Fees

 

General Manager

Line Item No.:

26-05-781900

 

Prepared By:

Stephanie Locke

Cost Estimate:

$26,000 (partially reimbursed)

 

General Counsel Review:N/A

Committee Recommendation: The Administrative Committee reviewed this item on June 14, 2021, and recommended approval.

CEQA Compliance: This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

SUMMARY:  The District records approximately 65 documents each month with average recording fees of $35. The documents are electronically recorded through Corporation Service Company (CSC). Electronic recording costs less than the former method of transmitting documents via courier to the Monterey County Recorderís Office. Approximately 40 percent of the recording fees are reimbursed by the applicant.Recorded documents include deed restrictions related to access to water records and limitations on use, Well Confirmation of Exemptions, Water Distribution System Permits, and notices of non-compliance/compliance and removal.††

 

CSC requires immediate payment at the time a document is recorded.To facilitate this, the District maintains a deposit account that is regularly refilled to cover recording costs. Staff is seeking approval of $26,000 of budgeted funds for document recording during Fiscal Year 2021-2022.††

 

RECOMMENDATION: The Administrative Committee recommends that the Board approve the expenditure of $26,000 for recording fees for Fiscal Year 2021-2022.

 

IMPACT TO STAFF/RESOURCES: Funds for this expenditure are included in the Fiscal Year 2021-2022 budget.

 

EXHIBIT

None

 

 

U:\staff\Boardpacket\2021\20210621\Consent Calendar\09\Item-9.docx

 

 

 

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