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Lease

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20250415 LA County Covina City Council Consent Calendar Item CC 5. Approval of Fiscal Year 2026 Water Supply Strategy and Authorization to Execute All Requisite Documents Staff Recommendation: 1. Approve the Fiscal Year 2026 water supply strategy outlined in this report; 2. Authorize the City Manager to execute a Temporary Assignment or Lease of Water Right Form to assign up to 383.66 acre feet of Water Production Rights from the City to an Alternate Water Agency for FY 2026; 3. Authorize the City to solicit and lease up to 400 shares of Covina Valley Water Company stock for Fiscal Year 2026, and execute a Lease Agreement and an Order for Delivery with interested shareholders; and 4. Authorize the City to participate in the Fiscal Year 2026 Covina Valley Water Company lease pool. April 15, 2025 LA County Covina City Council Consent Calendar Item #5