Title
Transportation Department recommending Chairman be authorized to sign Agreement CTA-07020 and Contractor Certification for same with California Tahoe Conservancy in the amount of $4,150 for the term December 31, 2007 through June 30, 2008 for the transfer of 25% of the gross income from California Tahoe Conservancy leases to private individuals or groups on lands owned by the California Tahoe Conservancy in El Dorado County.
RECOMMENDED ACTION: Approve.
FUNDING: California Tahoe Conservancy
Body
BUDGET SUMMARY:
Total Estimated Cost $4,150.00
Funding
Budgeted $4,150.00
New Funding $
Savings $
Other $
Total Funding Available $4,150.00
Change To Net County Cost $0.00
Fiscal Impact/Change to Net County Cost:
This agreement will increase revenue for the Transportation Department's (Department) Tahoe Engineering Division Erosion Control Program. There is no Net County Cost.
Reason for Recommendation:
The subject Agreement provides for the transfer to El Dorado County of 25% of the gross income from California Tahoe Conservancy (CTC) leases to private individuals or groups on lands owned by the CTC in El Dorado County (County). Pursuant to Government Code Section 66908.3, the CTC is authorized to lease acquired lands. When such lands are within the County and are leased to private individuals or groups, the CTC must transfer twenty-five percent (25%) of the gross income of the leases to the County each year. The subject Agreement is the mechanism that accomplishes this transfer. Pursuant to the Budget Act of 2006, Chapter 47-06, the Legislature has appropriated $4,150 to the CTC for transfer to the County as private lease revenue for this fiscal year. At least fifty percent (50%) of this amount $2,075 is to be used for soil erosion control projects in the Lake Tahoe region, as defined in Section 66905.5 of the Government Code. All the funding provided by the previous Lease Re...
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