Agenda

Back to Calendar Return

Agenda Item 7.

City Council Meeting

Meeting Date:

04/04/2017

Subject:

Discussion of California Domestic Water Company Organizational Review by Brownstein Hyatt Farber Schreck, LLP

BACKGROUND/DISCUSSION

On October 18, 2016 the City Council requested Scott Slater, Partner with the law firm Brownstein Hyatt Farber Schreck, LLP (Brownstein) to review and report back on the following three items:

Organizational structure of Cal Domestic Water Company and its related subsidiary companies
Verification of Water Rights owned by Brea
Review of recent acquisitions of permanent water rights by Brea

Upon execution of contract for services a host of documents and materials were sent to Brownstein to review for the purpose of preparing their independent report as requested by the Council.

Their report has now been completed and Scott Slater will be present to deliver the report to the Council.

FISCAL IMPACT/SUMMARY

The City Council authorized expenditures from the Water Fund to complete this review. An amount of $25,000 was authorized and to date $17,216 has been expended from invoices dated through January 31, 2017. Invoices from Brownstein have not yet been received for February and March services.

RESPECTFULLY SUBMITTED:

William Gallardo, City Manager

Attachments
Water Rights Analysis