The bond would be in the form of certificates of participation (COPs), which would be sold and repaid through revenues the PCWA receives from its renewal and replacement charge, which is now $12 a month for a standard water meter and is likely to be increased as part of next year’s budget process.

The COPs would be similar to revenue bonds and do not require a public vote. In another revenue-increasing matter, the directors set August 2 at 2 p.m. for a public hearing on a proposed hike in the water connection charge paid by developers for new water service.

They also agreed to continue to the August 2 meeting their consideration of the proposed annexation of the Whisper Creek subdivision near Sacramento County into PCWA Zone 1. As part of the proposal, the agency would furnish wholesale water to the California-American Water Company, which provides retail service to the area.

Additionally, the directors approved a contract granting $15,000 to the Squaw Valley Public Service District for an alternate water supply feasibility study. They also okayed a similar contract granting $10,000 to the Tahoe City Public Utility District for a water system hydraulic model project.

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