Shane O Chapman

The meetings addressed several key issues regarding the Local Resources Program (LRP). Discussions included adopting an interim LRP target for new local water supplies to meet regional needs, approving refinements to the LRP to encourage and expedite local resource production, and authorizing the reinstatement and amendment of an existing agreement for the Beverly Hills Desalter Project. Additionally, frameworks were adopted to allow for future LRP agreement extensions and pauses in production for projects facing unforeseen issues.

The report provides a comprehensive review of outstanding interest rate swaps, confirming their alignment with board policy and state government code to optimize debt service costs and mitigate interest rate risk. It details the status of $197.1 million in outstanding swaps, including counterparty exposure, credit ratings, mark-to-market valuation, and total realized debt service savings. The documentation further outlines the purpose and history of various swap transactions, including those that have been terminated or reached maturity.

The committee discussed and proposed a revision to cyclic agreements to incentivize member agencies to increase the capture of imported water supplies during surplus conditions. The proposal includes providing a cost-offset credit of up to $225 per acre-foot to agencies that undertake extraordinary actions to store additional imported water in cyclic accounts. These actions may include increased deliveries to surface reservoirs, groundwater spreading, or injection, as well as in-lieu deliveries. The program aims to enhance regional water reliability and provide operational flexibility to manage water supplies, with provisions for certification and reconciliation to ensure cost-effectiveness and appropriate use of credits.

This annual report from The Metropolitan Water District of Southern California details progress in sustainable water management for Fiscal Year 2024/25. It highlights achievements in water conservation, recycling, and groundwater recharge, alongside initiatives for climate adaptation and watershed health. The report emphasizes strategies to ensure water supply reliability in Southern California through investments in local resources, water-use efficiency programs, and community engagement, adapting to unpredictable climate conditions.

This document presents the Series 15 Regional Growth Forecast for the San Diego region, detailing population, housing, and employment projections from 2022 to 2050. It outlines a Sustainable Communities Strategy (SCS) land use pattern, guiding development towards higher-density, mixed-use areas along transportation corridors. The forecast aims to support greenhouse gas emission reductions and inform transportation investments. Key trends include a slower population growth rate compared to previous forecasts, significant projected increases in housing units and jobs, and a shift towards urban intensification, particularly in multifamily units and existing job centers, alongside expanded regional conservation efforts.