City Council

14. Water Rights Lease Agreements with Liberty Utilities Corporation, the City of Compton\nand South Montebello Irrigation District\nRecommendation:\nA. Approve and authorize the City Administrator to execute a Water Rights License and\nAgreement with Liberty Utilities Corporation, in substantially the same form as submitted, for\na lease of 2,000 acre-feet of the City’s Allowed Pumping Allocation for Fiscal Year 2024-25\nand 1,000 acre-feet per year of the City’s Allowed Pumping Allocation for Fiscal Years 2025-\n26 and 2026-27, for a total revenue amount of $460,000;\nB. Approve and authorize the City Administrator to execute a Water Rights License and\nAgreement with the City of Compton, in substantially the same form as submitted, for a lease\nof 1,500 acre-feet per year of the City’s Allowed Pumping Allocation for Fiscal Year 2025-26,\nFiscal Year 2026-27, and Fiscal Year 2027-28, for a total revenue amount of $720,000; and\nC. Approve and authorize the City Administrator to execute a Water Rights License and\nAgreement with South Montebello Irrigation District, in substantially the same form as\nsubmitted, for a lease of 500 acre-feet per year of the City’s Allowed Pumping Allocation for\nFiscal Year 2026-27 and Fiscal Year 2027-28, for a total revenue amount of $130,000.