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ITEM: |
CONSENT CALENDAR |
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9. |
Approve
Expenditure to Corporation Service Company - Recording Fees |
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Meeting
Date: |
June 21, 2021 |
Budgeted: |
Yes |
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From: |
David J.
Stoldt, |
Program/ |
Recording Fees |
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General
Manager |
Line Item No.: |
26-05-781900 |
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Prepared
By: |
Stephanie Locke |
Cost
Estimate: |
$26,000 (partially reimbursed) |
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General Counsel Review: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on June 14, 2021, and recommended approval. |
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CEQA Compliance: This action does not constitute a project as
defined by the California Environmental Quality Act Guidelines Section 15378. |
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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 Recorder’s 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