Ramirez Water District Board Meeting Agenda March 2026
Yuba Water Seeks $1.58M Letter of Credit for Habitat Mitigation
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Description
The Board is considering authorizing the Director of Finance to execute a letter of credit application with River Valley Community Bank for $1,580,000 as financial security for required habitat restoration and mitigation measures mandated by a CDFW permit. Contract term is up to 30 years, with at least a 20-year minimum commitment.
Contract Details
Contract Amount
$1,580,000
Vendor
RIVER VALLEY COMMUNITY BANK
Agency
Ramirez Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2026
Contract Term
Up to 30 years (minimum 20-year life specified)
Renewal Date
2046-03-17
Renewal Info
Permit and letter of credit required for the life of the Incidental Take Permit, up to 30 years; renewal or release dependent on permit closure.
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DISCUSSEDRamirez Water District Board Meeting Agenda March 2026
APPROVEDYuba County Board of Directors Agenda January 2026
APPROVEDyuba_water_agency_board_of_directors_meeting_agend.pdf
APPROVEDyuba_water_agency_board_meeting_minutes_oct_2025.pdf
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