August 12, 2008

8:00 AM

Committee Members present: Judi Lehman, Kristi Markey and David Pendergrass

Staff members present: Andy Bell, Thomas Christensen, Rick Dickhaut, Darby Fuerst, Larry Hampson, and Greg James

Call to Order

The meeting was called to order at 8:01 AM in the District Conference Room.

Oral Communications--Anyone wishing to address the committee on a matter not listed on the agenda may do so during oral communications. Public comment on any other matter listed on the agenda is appropriate at the time the item is being discussed by the committee.

No public comment was received.

Items on Board Agenda for August 18, 2008

1. Consider Expenditure of Budgeted Funds to Remove Instream Concrete Slab and Participate in NOAA Restoration Center and California Conservation Corps Grant Program

Thomas Christensen, Riparian Project Coordinator, reported on this item and answered questions from the committee. After discussion, the committee voted 3-0 to recommend the Board approve expenditure of budgeted funds for participation in the removal of the instream concrete slab.

2. Consider Expenditure of Budgeted Funds to Contract with the California Conservation Corps for Fall 2008 Vegetation Management Activities

Thomas Christensen reported on this item and answered questions from the committee. After some discussion, the committee voted 3-0 to recommend the Board approve expenditure of budgeted funds to contract with the California Conservation Corps for fall 2008 vegetation management activities.

3. Consider Extension of Cooperative Agreement with the United States Geological Survey (USGS) for Streamflow Gaging in Water Year 2009

Greg James, Hydrography Projects Coordinator, reported on this item. The committee voted 3-0 to recommend the Board approve expenditure of budgeted funds to extend the cooperative agreement with USGS for streamflow gaging in water year 2009.

4. Receive Report on a Strategy for Distribution of Proposition 84 and 1E Bond Funds to the Central Coast Region

Larry Hampson, Water Resources Engineer, reported on this item and answered questions from the committee. After discussion, the committee accepted the report but no formal action was taken.

5. Receive Report on Potential Sources for Federal and/or State Funding for Carmel River Lagoon Adaptive Management Study Plan

Larry Hampson reported on this item and answered questions from the committee. After discussion, the committee accepted the report but no formal action was taken.

6. Consider Approval to Secure a $2 Million Line of Credit to Fund Development of Water Supply Projects

Rick Dickhaut, Administrative Services Manager/Chief Financial Officer, reported on this item and answered questions from the committee. After discussion, Director Lehman suggested that the Committee recommend securing a line of credit in the amount of $2.5 million, rather than $2 million. The committee voted 3-0 to recommend the Board approve securing a $2.5 million line of credit with Bank of America.

7. Consider Approval of Fourth Quarter 2007-08 Investment Report

Rick Dickhaut reported on this item. The committee voted 3-0 to recommend the Board approve the Fourth Quarter 2007-08 Investment Report.

Other Business

Review Draft Agenda for August 18, 2008 Board Meeting

The committee reviewed the agenda and made no changes.

Adjournment

The meeting was adjourned at 8:52 AM. The next meeting is scheduled for Tuesday, September 9, 2008.

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