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ITEM: |
CONSENT CALENDAR |
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10. |
Approve Expenditure OF BUDGETED FUNDS to
Corporation Service Company – DOCUMENT Recording Fees |
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Meeting
Date: |
April 18, 2022 |
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: |
$24,000 (partially reimbursed) |
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General Counsel Review: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on April 11, 2022, 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: Permit
applications have increased 30% over last fiscal year, and the budget for
electronic deed restriction recording during Fiscal Year 2021-22 was
insufficient. The Board approved a budget increase of $24,000 during the mid-year
budget review. Electronic recording costs less than the District’s
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.
Corporation Service
Company (the recording vendor) 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 to
expend the additional $24,000 of budgeted funds for document recording during
Fiscal Year 2021-2022.
RECOMMENDATION: The Administrative Committee recommends that
the Board approve the expenditure of $24,000 for recording fees for Fiscal
Year 2021-2022.
IMPACT TO STAFF/RESOURCES: Funds for this expenditure were approved in the mid-year budget adjustments for Fiscal Year 2021-2022.
EXHIBITS
None
U:\staff\Boardpacket\2022\20220418\Consent
Calendar\10\Item-10.docx