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Finance committee recommends board accept reserve-study scope and authorize execution of agreement
Summary
The Finance Committee heard a presentation from NBS and recommended that the board accept the Browning Group reserve-study scope of work and authorize the general manager to sign an agreement to implement the study.
The Hidden Valley Lake Community Services District Finance Committee on Jan. 14, 2025, recommended that the board accept the Browning Group Reserve Study Scope of Work and authorize General Manager Dennis White to execute an agreement to implement the study. Jeremy Tamargo, Associate Director with NBS, presented the rate and reserve study findings and scope, and staff answered committee questions about assumptions and timing.
Committee members asked staff to ensure the study’s assumptions about asset lifespans and funding targets are clearly documented for board review. The recommendation was recorded as a formal committee action for the board’s consideration; no final contract execution was recorded at the committee level.
