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 HeadlinesNew FEMA Flood Maps: Roseville, Rocklin Meetings SetSome Placer residents can look forward to lower flood insurance premiums now that the Federal Emergency Management Agency has issued new draft flood maps for the region
$2 Million Grant for Sierra College Pilot ProgramRocklin, CA -- Sierra College has received a two-year, $2 million state grant to expand its highly successful partnership among regional high schools, community colleges
Buick Cascada: Stylish and Fun-loving ConvertibleRoseville, CA- The 2016 Buick Cascada is a stylish, compact soft-top convertible that has many strong qualities.
Memorial Day: A Time to ReflectMemorial Day is time to take a moment to reflect on the purpose of this holiday-to pay tribute to those who have served us in the military-especially those who made the ultimate sacrifice.
South Yuba River State Park: Summer CooldownSouth Yuba River State Park provides a scenic adventure and summer escape with pricing that's hard to beat.
Estate Planning Workshop in Granite Bay June 2Roseville, CA- Come out for an informative seminar with Bill Walker to learn how about smart estate planning on Thursday, June 2, 2016.
Roseville Ride: Miner's Ravine Trail Roseville, CA- A great place to go solo or bring the family, Miner's Ravine Trail offers a great escape for those looking to get away without the hassle or cost of a more time consuming adventure.
3 Arrested in West Roseville Vehicle TheftsRoseville, CA- Kevin Patrick McFarland, Maksim Mishchenko, and Stanislav M. Taran, were arrested on suspicion of stealing from numerous vehicles in Roseville.
Annual Marysville Stampede Memorial Day WeekendMarysville, CA- An annual celebration of California Western and rodeo heritage, in the heart of California's cowboy country, the 83rd Annual Marysville Stampede
Downtown Woodland: Unexpected TreasureWoodland, CA- On a recent Sunday afternoon, I grabbed my wife and headed off on a rather short drive to Woodland to catch an afternoon show at the Blue Note Brewing Company.
Roseville Flash Crime Report (5.23.16)Roseville police crime report digest update for May 23, 2016.
Local Team Wins Spirit CUP at SMUD Solar RegattaRocklin, CA- The Sierra College Solar Energy program Team competed last Saturday May 14th in the Northern California SMUD Solar Regatta
NEWS: In Case You Missed It