REGULAR MEETING

BOARD OF DIRECTORS

MONTECITO WATER DISTRICT

583 San Ysidro Road, Montecito, California

TUESDAY, February 21, 2006

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 17, 2006

B. Payment of Bills for January 2006

C. Investment of District Funds

4. Cachuma Matters

A. CACHUMA CONSERVATION RELEASE BOARD MEETING OF January 23, 2006; Director Abel

1. State Water Resources Control Board Hearing Technical Issues Update

2. Pending Cachuma Member Unit Legal Issues

B. CACHUMA OPERATION AND MAINTENANCE BOARD MEETING OF January 23, 2006; Director Abel

C. COMB/CCRB Managers & Attorneys Meeting of February 1, 2006; Mr. Roebuck & Mr. Wullbrandt

5. LEGAL MATTERS

A. Recent and Pending Legal Matters REview – Oral Report

B. District Late Charge

C. Resolution No. 2010 — District Holidays

---------------------------------------------- Legal Counsel Departs----------------------------------------------

6. district Operations Report

A. Ortega Reservoir Project Status Report

B. Professional Services by Dr. Steven Bachman

C. Oriole Road and virginia road water main REPLACEMENTS

D. Ashley Road Water Main Replacement

E. Metron Meter Replacement Program

7. Business / Financial

A. 2005/06 Midyear investment Report

B. 2005/06 MIdyear Financial statements & Budget Report

C. 2004/05 Continuing disclosure for 1996 CCWA Bonds

D. Review of CONTINUING Disclosure Requirement for COMB 2004 Bonds

E. Review of Continuing Disclosure Requirement for 1998A Bonds

F. Compensation Study and salary Adjustments

8. GENERAL MANAGER’S REPORT

A. Ongoing Projects Update

B. Business Manager Position

C. Juncal Dam Update

D. Nominate Member to local Agency Formation Commission

9. DIRECTOR AND STAFF MEETING REPORTS

A. SANTA BARBARA COUNTY SPECIAL DISTRICTS ASSOCIATION MEETING OF January 23, 2006; Director Wilson

B. CCWA Board Meeting of January 26, 2006; Director Puddicombe

C. Association of Water Agencies of Santa Barbara County Meeting of January 27, 2006; Director Wilson

10. COMMITTEE REPORTS/RECOMMENDATIONS

A. OPERATIONS COMMITTEE

B. FINANCE COMMITTEE

C. PUBLIC INFORMATION COMMITTEE

11. Board information Items

A. Water Sales Report for January 2006

B. December 2005 Cash Flow

C. Water Works Operation Report for January 2006

12. AGENDA ITEM REQUESTS

Requests from Directors for items other than regular agenda items for the next regular Board meeting scheduled for March 21, 2006.

13. ADJOURNMENT

Note: This agenda was posted at the Montecito Water District front counter and outside display case at 5:00 p.m. on February 17, 2006. 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.