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FINANCIAL CONSIDERATIONS
Under the Deposit and Funding Agreement DACA would be required to pay for past acquisition
and carrying costs, net any water sales from the BVRRB water supply. This totals $3,775,117.
Additionally, DACA would be required to pay ongoing carrying costs. Revenue for these
payments would be credited to the Facility Capacity Fee Fund that has been carrying the
BVRRB carrying costs for anticipated annexations.
California Environmental Quality Act (CEQA) Finding
The Final EIR for BVRRB was certified by the Agency in 2006. The CEQA determination is that
the proposed action has been previously addressed in the certified 2006 Final EIR and findings
and that no further environmental analysis or documentation is required at this time. However,
the Agency is only being asked at this time to confirm that sufficient water supply is available for
potential provision to the Proposed Annexation Lands. No approval of the Tapia Project is
being requested and, as contemplated in the Deposit and Funding Agreement, any future
commitment to provide water to the Proposed Annexation Lands could only be made following
the completion of certain conditions, including CEQA review, the issuance of land use
entitlements by the County, the approval of the annexation by the Los Angeles County LAFCO,
and final review of the Proposed Annexation Lands and development proposal by this Board.
The Water Resources and Watershed Committee reviewed staff’s recommendation to reserve a
portion of the BVRRB water supply for the proposed Tapia Ranch annexation. Further, it
directed staff to explore reducing the proposed 1,167 acre annexation area so as not to include
parcels that will not receive a water supply. The attached map shows a revised proposed
annexation area of approximately 650 acres that would accomplish this.
RECOMMENDATIONS
That the Water Resources and Watershed Committee recommends that the Board of Directors
approve a resolution determining that 489 acre-feet per year of Buena Vista-Rosedale Rio
Bravo Water Supply is available for possible use for the proposed Tapia Annexation.
DSM
Attachments
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