REGULAR MEETING

BOARD OF DIRECTORS

MONTECITO WATER DISTRICT

583 San Ysidro Road, Montecito, CAlifornia

TUESDAY, February 16, 2010

2:00 P.M.

AGENDA

1. CALL TO ORDER, ROLL CALL, DETERMINATION OF QUORUM

2. PUBLIC FORUM

(This portion of the agenda may be utilized by any member of the public to address and ask questions of the Board of Directors on any matter not on the agenda within the jurisdiction of the Montecito Water District. Depending upon the subject matter, the Board of Directors may be unable to respond at this time, or until the specific item is placed on the agenda at a future MWD Board meeting in accordance with the Ralph M. Brown Act.)

3. CONSENT CALENDAR

Following items are to be approved or accepted by vote on one motion unless a Board member requests separate consideration:

A. Minutes of January 19, 2010

B. Minutes of January 27, 2010

C. Payment of Bills for January 2010

D. Investment of District Funds

4. Closed Session Items – Time Certain 2:15 p.m.

A. Closed Session – CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION: Significant exposure to litigation pursuant to Government Code section 54956.9(b): one case

B. Closed Session - Conference with Legal Counsel Relative to Existing Litigation: Pending STate Water Resources Control Board Cachuma Project Water Right Hearing on Water Right Permits 11308 and 11310, Pursuant to Government Code Section 54956.9(a)

5. Cachuma MATTERS

A. COMB

1. meetings of December 2009 and January 2010

2. 2008/09 UNEXPENDED BUDGET FUNDS

3. SECOND PIPELINE PROJECT STATUS UPDATE

B. CCRB

1. meeting of January 2010

2. Preliminary FY 2010/11 Budget

3. FORMAL NOTICE BY CARPINTERIA VALLEY WATER DISTRICT OF THEIR WITHDRAWL FROM CCRB FOR fy 2010/11

6. LEGAL MATTERS

A. Recent and Pending Legal Matters REview – Oral Report

7. District Business Report

A) PROPOSED LONG TERM FIXED PAYMENT OBLIGATION REFUNDING

1) proposed 1998A COP AND OTHER FIXED OBLIGations refunding scenarios

2) proposed 1998A certificates of participation refunding legal documents

3) RESOLUTION 2066 – AUTHORIZING THE BOARD TO APPROVE THE EXECUTION AND DELIVERY OF REFUNDING REVENUE CERTIFICATES OF PARTICIPATION AND OTHER CERTAIN REFUNDING DOCUMENTS.

4) bond counsel, bond Trustee and the financial adviser engagement letters and agreements

B) JPIA Insurance Refund

C) Electronic Billing Enrollement Form

D) District Business Banking

E) Employee Fidelity Bond

F) December 2009 Revenue and Expense Report

G) Water Sales Report for January 2010

H) Quarterly Investment Report

8. district Operations Report

A. Time Certain – 4:00 pm: PROPOSED MWD / CVWD SERVICE BOUNDARY REORGANIZATION

B. Unaccounted Water and Action Status REport

C. Ortega Reservoir Cover Project – Final REport on Reservoir Property Landscaping Improvements

D. Water Works Operation Report

9. GENERAL MANAGER’S REPORT

A. Monthly Operations Report (Oral)

(1) Distribution Department

(2) Treatment Department

(3) miscellaneous

10. DIRECTOR, COMMITTEE AND STAFF MEETING REPORTS

A. SANTA BARBARA COUNTY SPECIAL DISTRICTS ASSOCIATION MEETING OF January 25, 2010; Director Wilson

B. OPERATIONS COMMITTEE

C. FINANCE COMMITTEE

D. PUBLIC INFORMATION COMMITTEE

11. AGENDA ITEM REQUESTS

Requests from Directors for items other than regular agenda items for the next regular Board meeting scheduled for March 16, 2010.

12. ADJOURNMENT

Note: This agenda was posted at the Montecito Water District front counter and outside display case at 5:00 p.m. on February 12, 2010. The Americans with Disabilities Act provides that no qualified individual with a disability shall be excluded from participation in, or denied the benefits of, the District’s programs, services or activities because of any disability. If you need special assistance to participate in this meeting, please contact the District Office at 805-969-2271. Notification at least twenty-four (24) hours prior to the meeting will enable the District to make appropriate arrangements.

*Supporting documents for agenda items are available at the District front counter during normal business hours.