1. 2027 assessment rate set at $100 per acre The board approved Resolution 2026-08, setting the 2027 assessment rate at $100 per acre, up from $95 in 2026—about a 5.3% increase. The potential rate under the district’s formula, including a 3.54% CPI adjustment, was $156.38. Staff recommended $100 after discussing growers’ difficult commodity outlook, capital needs and a target cash reserve of roughly $14 million. The forecast included the planned Area 18 pipeline, now estimated at approximately $5 million, and work on the Liberty pipeline under the railroad tracks. Staff discussed a proposed 10-year, 4% loan to spread pipeline capital costs, with estimated annual payments of about $650,000. The loan was a proposal, not an existing obligation.
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