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WATER
SUPPLY PLANNING COMMITTEE |
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ACTION
ITEM |
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1. |
CONSIDER DEVELOPMENT OF
RECOMMENDATION TO THE BOARD ON ADOPTION OF RESOLUTION NO. 2013-14 FOR REIMBURSEMENT
OF EXPENDITURES FOR ALTERNATIVE DESALINATION PROJECT |
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Meeting
Date: |
August 14, 2013 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, General
Manager |
Program/ |
Other Water Supply Projects |
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Line Item No.: |
1-11-1 |
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Prepared
By: |
David J.
Stoldt |
Cost
Estimate: |
None |
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General Counsel Approval: N/A |
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CEQA Compliance: N/A |
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SUMMARY: Resolution 2013-14 (Exhibit 1-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. The Administrative Committee reviewed this item on August 12, 2013. Staff will provide an update on the recommendation at the August 14, 2013 meeting.
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.
1-A Resolution 2013-14
U:\staff\Board_Committees\WSP\2013\20130814\01\item1.docx