ADMINISTRATIVE COMMITTEE
5.	APPROVE EXPENDITURE TO CORPORATION SERVICE COMPANY – RECORDING FEES
Meeting Date:		July 10, 2017	Budgeted:	Yes
From:		David J. Stoldt,	Program/	Recording Fees
		General Manager	Line Item No.:
Prepared By:		Stephanie Locke	Cost Estimate:	$24,000
General Counsel Review: N/A
Committee Recommendation: The Administrative Committee reviewed this item on July 10, 2017 and recommended ____________________________.
CEQA Compliance: Action does not constitute a project as defined by CEQA Guidelines section 15378.

SUMMARY:  The District contracts with Corporation Service Company (CSC) to record deed restrictions electronically in house. MPWMD makes monthly deposits to CSC, and the recording fees are deducted from MPWMD’s deposit account when a deed restriction is recorded. Most of the recording fees are reimbursed by the permit applicant.

Staff is seeking approval of this fiscal year’s recording fee deposit account. The FY 2017-2018 budget was approved with $24,000 for this account.

RECOMMENDATION: The Administrative Committee should recommend the Board approve the expenditure of $24,000.00 for recording fees.

file:///U:\staff\Board_Committees\Admin\2017\20170710\05\Item-5.docx