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.
Comment / Share on Facebook
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesOne-Armed Softball Phenom: Part 2Recently, you may have read the first of two columns featuring 17-year-old Katelyn Pavey, a one-armed, fastpitch softball phenom
Surplus Water: Placer County Water Agency Plans SaleThe Placer County Water Agency (PCWA) Board of Directors has approved a resolution that allows for the transfer and sale of up to 20,000 acre-feet of surplus water
Roseville Flash Crime Report (7.23.16)Roseville, CA- Weekly crime report digest update for Roseville, covering the period of July 14- 22, 2016.
Kings Beach Project Wins National AwardKings Beach, CA - A cornerstone project that is transforming the North Lake Tahoe community of Kings Beach's downtown has been given a prestigious national award
Roseville Hospital gets Suessical VisitRoseville, CA- It isn't every day that storybook characters come alive at Kaiser Permanente Roseville Medical Center.
Nevada City Shines Best at Night Nevada City, CA- Nevada City's charm shines more brightly at night. At least that was the takeaway following a midweek date night with my wife.
Rubio's Opens New Restaurant in Roseville August 4thRoseville, CA - Rubio's Restaurants, Inc., the popular fast casual chain known for uniquely delicious coastal cuisine and popularizing the fish taco, has announced the opening of a new location in Roseville
Roseville and Lincoln to Host Girls Fastpitch Western National ChampionshipRoseville, CA - The ASA/USA 14u Class A Girls Fastpitch Western National Championship in Roseville and Lincoln July 25- 31.
Roseville Residents Motoring for Less this SummerRoseville, CA- Roseville residents are motoring for less this summer as gas prices continue to push lower.
Updates on Rocklin HomicideRocklin, CA- The injuries of the victim were consistent with a blunt force trauma-type injury although information about the weapon used will not be released.
Mummy Man Robs Rocklin BankRocklin, CA- On Wednesday, 07/20/2016, at approximately 4:00pm, Rocklin Police responded to a robbery call at the US Bank located inside the Safeway Supermarket
Gunshots in Roseville Lead to Manhunt and Highway ClosuresRoseville, CA- Despite a large manhunt in Roseville following early morning gunshots, it appears the two male suspects have eluded police at this time.
NEWS: In Case You Missed It