1. District Hiring Municipal Financial Advisor for Major Recharge Basin Expansion The Board approved a contract with NHA Advisors LLC (time-and-materials, with compensation not to exceed $50,000 per fiscal year through 2030 unless amended) to provide financial advisory services for financing up to 1,000 acres of new recharge basins—representing approximately $60 million in capital expenditures over the next five years. This advisor will evaluate financing options including revenue bonds, state/federal subsidized loans, private loans, and potential debt restructuring to help the District become what staff described as "the premier groundwater recharge basin in the state."
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