On November 13, 2017, the Castaic Lake Water Agency (CLWA) executed the Deposit and
Funding Agreement for the Tapia Ranch (Vesting Tentative Tract Map 72126 (Annexation
Property). The annexing party is Debt Acquisition Company of America (DACA). As provided in
the Deposit and Funding Agreement, DACA has requested that the SCV Water Board of
Directors, as successor to CLWA, consider and make a determination that Buena
Vista/Rosedale Rio Bravo (BVRRB) water is available for the proposed annexation property.
Staff has completed a water demand analysis for the proposed annexation property, reviewed
the Agency's 2015 Urban Water Management Plan (UWMP) and the 2017 Water Supply
Reliability Report Update and concluded that given current planning assumptions, sufficient
supplies are adequate to make such a determination. Under the terms of the Deposit and
Funding Agreement, DACA will be required to pay for past acquisition and carrying cost for the
BVRRB water totaling $3,775,117, as well as pay ongoing carrying costs.