Placer Water Agency Eyes $7 Billion Bond Opportunity
AUBURN -- Funding for water resource improvements in Placer County could be possible if California voters support the $7.12 billion bond issue on the Nov. 4 ballot, it was reported at Thursday's (Aug. 21) meeting of the Placer County Water Agency Board of Directors.
PCWA leaders have been studying the funding opportunities following the State Legislature's Aug. 13 action to place the water bonds on the ballot.
The measure, Prop. 1, is titled the Water Quality, Supply and Infrastructure Improvement Act of 2014. It authorizes $7.12 billion in new water bonds and reallocates $425 million in previously allocated bonds for a total of $7.545 billion.
The bonds include $2.7 billion for new water storage. Funding would not be used to pay for the widely debated water conveyance systems in the Delta.
"We see a number of areas where the Agency could be competitive for Bond funding for projects that would benefit our customers," said PCWA Director of Strategic Affairs Einar Maisch, who noted PCWA's participation in Integrated Regional Water Management Plans through both the Regional Water Authority and CABY (Cosumnes, American, Bear and Yuba) watershed planning group.
The PCWA board took no action on the item but will consider it further in coming weeks.
In other business, PCWA directors:
- heard a water supply update from drought project manager Tony Firenzi, who said customers are saving water and agency staff is optimistic that we have an adequate supply of water for the remainder of this year. He said the agency and PG&E are working to optimize use of remaining water supplies in the mountains for next year.
- heard an update on the planned transfer of PCWA's Zone 4 water system in eastern Placer County to the adjacent Northstar Community Services District. The system supplies about 600 connections in the Martis Valley. Director of Technical Services Brent Smith said the transfer is under review by the Placer County Local Agency Formation Commission (LAFCO). Approval is anticipated this fall.
- heard an update on PCWA's capital improvement program. Engineering Services Manager Jeremy Shepard outlined six recently completed water projects, nine current projects and an additional ten projects planned for 2015.
The next meeting of the PCWA Board of Directors will be held at 2 p.m. on Thursday, Sept. 4, at the PCWA Business Center, 144 Ferguson Road, in Auburn. PCWA board meetings are open to the public.
Information on PCWA board meetings may be obtained through the Clerk to the Board at (530) 823-4850 or (800) 464-0030. For drought updates and water conservation information, see www.pcwa.net.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesKaiser Permanente Roseville Honors Fallen for Memorial DayKaiser Permanente Roseville Medical Center held a special ceremony yesterday honoring the memories of all who have died on behalf of our country
Raley's and iFoster Launch Foster Youth Hiring Program iFoster has partnered with Raley's Family of Fine Stores to develop a new hiring program for foster youth.
Auburn Non-Profit Above All Adventures Utilizes IndiegogoIn Placer County, 13 is the average age for first time alcohol and illegal prescription use, and binge drinking increases threefold between 9th and 11th graders
5 Skills Adolescents Need for a Successful and Satisfying Life"During the physical, emotional and intellectual explosions of the adolescent years, it's critical that teenagers develop a belief in their own ability to succeed
Kidney Cancer Secrets Revealed?An international team of scientists, led by UC Davis nephrologist Robert Weiss, have used a sophisticated combination of proteomics and metabolomics to show how
Autism Speaks Walk at River Cats StadiumWalk Now for Autism Speaks takes place at River Cats Stadium on May 31, 2015. ( via ATOU Cares.org)
Lacrosse Recruiting Showcase in Roseville May 29-31Rocklin, CA - Swashbuckler Lacrosse is thrilled to announce their first ever Laxapalooza Recruiting Showcase that will take place at Maidu Park in Roseville
Ryan Davis to join Sierra College as VP of Human ResourcesRocklin, CA- - At their May Board Meeting the Sierra College Board of Trustees approved the hiring of Ryan Davis
Women Warriors Through History in RocklinA new photo art exhibit graces the hallway on the second floor of the Sierra College Rocklin Campus
Despite Drought, Middle Fork Project Covers CostsDrought Watch: The Middle Fork Project, a system of dams, reservoirs and electrical generation facilities in eastern Placer County, continues to hum along
Pharmacies Robbed as Police Seek SuspectThe Placer County Sheriff's Office is asking for the public's help in identifying a man suspected of robbing pharmacies
J Beverly Hills Stylist at True Image Salon in Roseville May 22-23Famed J Beverly Hills colour creator and celebrity stylist Max Eli will be visiting True Image Salon and Spa on May 22-23
NEWS: In Case You Missed It