|
ITEM: |
CONSENT CALENDAR |
||||
|
|
|||||
|
7. |
Approve Expenditure to Corporation Service Company - Recording
Fees |
||||
|
|
|||||
|
Meeting Date: |
June 20, 2023 |
Budgeted: |
Yes |
||
|
|
|||||
|
From: |
David J. Stoldt, |
Program/ |
Recording Fees |
||
|
|
General Manager |
Line Item No.: |
26-05-781900 |
||
|
|
|||||
|
Prepared By: |
Stephanie Locke |
Cost Estimate: |
$50,000 (mostly reimbursed) |
||
|
|
|||||
General Counsel Review: N/A |
|||||
Committee Recommendation: The Finance and Administration Committee reviewed this item on June 12, 2023, and recommended approval. |
|||||
|
CEQA
Compliance: This action does not
constitute a project as defined by the California Environmental Quality Act
Guidelines Section 15378. |
|||||
SUMMARY: The District records approximately 100 documents
each month with the County Recorder’s office with average recording fees of
$35. The documents are electronically recorded through Corporation Service
Company (CSC). Approximately 70 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 and compliance. Public access deed restrictions are
recorded at the District’s expense, and there is a
minimal charge for recording Notices of Non-Compliance. All other document
recording costs are reimbursed by the applicant.
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 $50,000 of budgeted funds for document recording during
Fiscal Year 2023-2024. During FY 2022-23, the District will expend $40,000
of the budgeted amount with $10,000 for carry over.
Discussion
at the Finance and Administration Committee focused on the unreimbursed
recording fees. The committee recommended that staff review the unreimbursed recording
costs and consider charging for the public access deed restriction. This action
will require amendment of District Rule 23 through the ordinance process.
RECOMMENDATION: The Finance and Administration Committee
recommends that the Board approve the expenditure of $50,000 for recording fees
for Fiscal Year 2023-2024.
IMPACT
TO STAFF/RESOURCES: Funds for
this expenditure are included in the Fiscal Year 2023-2024 budget.
EXHIBITS
None
U:\staff\Boardpacket\2023\20230620\Consent Calendar\07\Item-7.docx