BOARD00191

• Board Meeting Date: 3/21/2002
• Description: WSP Section - Agricultural Water Policy Discussion
• Board Meetings - Doc Type: Memo

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AGREE ON AN ALTERNATE PAYMENT SCHEDULE, THE COUNTY SHALL

2 CERTIFY. AS APPROPRIATE. TO THE CHANGE APPLICANT EACH YEAR THE

3 AMOUNT OF MITIGATION PAYMENT DuE UNDER THIS SUBPARAGRAPH 0).

4 (B) Bonded indebtedness payment. A BONDED INDEBTEDNESS

5 PAYMENT SHALL BE MADE ON AN ANNUAL BASIS IN THE SAME MANNER AS

6 MITIGATION PAYMENTS AND SHALL BE BASED ON THE BONDED

7 INDEBTEDNESS ON THE PROPERTY THAT IS TO BE REMOVED FROM

8 IRRIGATION AT THE TIME THE DECREE IS ENTERED, THE BONDED

9 INDEBTEDNESS PAYMENT SHALL BE EQUAL TO THE REDUCTION IN BOND

10 REPAYMENT REVENUES THAT IS ATTRIBUTABLE TO THE REMOVAL OF

11 WATER AS PART OF A SIGNIFICANT WATER DEVELOPMENT ACTIVITY, THE

12 COURT MAY IDENTIFY SUCH MITIGATION PAYMENT AS PART OF THE

13 DECREE.

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(In UNLESS THE COURT DETERMINES THAT A GREATER OR LESSER

PERIOD OF TIME WOULD BE APPROPRIATE BASED UPON THE EVIDENCE OF

RECORD. THE AMOUNT OF THE TRANSITION MITIGATION AND BONDED

INDEBTEDNESS PAYMENTS SHALL BE E?UAL TO THE TOTAL REDUCTION IN

REVENUES FOR A PERIOD OF THIRTY YEAAS COMMENCING UPON THE DATE

OF INITIAL REDUCTIONS IN SUCH REVENUES AS A CONSEOUENCE OF THE

REMOVAL OF WATER ASSOCIATED WITH THE SIGNIFICANT WATER

DEVELOPMENT ACTIVITY,

(III) To THE EXTENT THAT THERE IS AN INCREASE IN THE PROPERTY

TAX OR BONDED INDEBTEDNESS REVENUES AFTER THE DATE OF THE

COMMENCEMENT OF THE PAYMENT 'OBLIGATIONS IDENTIFIED UNDER

SUB-SUBPARAGRAPHS (A) AND (B)OF SUBPARAGRAPH en OF THIS
PARAGRAPH (b) AS A CONSEOUENCE OF A CHANGE IN LAND USE AND
ACCOMPANYING MODIFICATION OF THE ASSESSED VALUATION OF THE

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