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HomeMy WebLinkAboutF-7.1. Approve Temporary Leasing of Water Rights to the City of South PasadenaCONSENT ITEM F-7 TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AZUSA UTILITY BOARD FROM: TIKAN SINGH, GENERAL MANAGER DATE: MAY 27, 2025 SUBJECT: APPROVE TEMPORARY LEASING OF WATER RIGHTS TO THE CITY OF SOUTH PASADENA BACKGROUND: Azusa Light & Water (ALW) has reviewed its available Main San Gabriel Basin water rights and determined it has sufficient excess rights to make 500 acre feet (AF) available to third parties for FY 2024-25. Accordingly, Staff has negotiated a temporary lease of the excess rights to the City of South Pasadena for a total consideration of $456,750. Staff seeks the Utility Board’s authorization to execute said lease. Revenue from the lease will be used to offset water fund expenses. RECOMMENDATION: Staff recommends the Utility Board take the following action: 1) Approve water rights lease agreement with the City of South Pasadena. ANALYSIS: ALW produces water from the adjudicated Main San Gabriel Basin (Basin) established by the Los Angeles County Superior Court (Court) on January 4, 1973. Implementation of the judgment is administered by the Main San Gabriel Basin Watermaster (Watermaster), under Court oversight. Pursuant to this adjudication, and its acquisition of Azusa Valley Water Company in 1993, ALW holds water rights in the Upper San Gabriel Valley portion of the Basin. The amount of water rights varies each year based on the Safe Yield of the Basin, as set by the Watermaster Board annually in May. Based on the Safe Yield for Fiscal Year ending June 30, 2025, ALW recommends temporarily leasing 500 AF of production rights to the City of South Pasadena. Compensation for said lease is based on 90% of the replacement water cost of $1,015 per AF, for a total lease amount of 500 AF, resulting in total revenue of $456,750. Approved Utility Board 05/27/2025 Temporary Lease of Water Rights May 27, 2025 Page 2 FISCAL IMPACT: The fiscal impact of approving the water rights lease is a receipt of $456,750 to be deposited in Water Fund account number 32-40-721-000-4841. Prepared by: Reviewed and Approved: Melissa Barbosa, PE Danny Smith Assistant General Manager Utilities Admin & Finance Manager Water Operations Reviewed and Approved: Reviewed and Approved: Tikan Singh Sergio Gonzalez General Manager City Manager Attachments: 1) Lease of Water Rights Agreement – City of South Pasadena