REGULAR MEETING

BOARD OF DIRECTORS

MONTECITO WATER DISTRICT

583 San Ysidro Road, Montecito, California

TUESDAY, January 16, 2007

2:00 P.M.

AGENDA

1. CALL TO ORDER, ROLL CALL, DETERMINATION OF QUORUM

2. PUBLIC FORUM

(This portion of the agenda may be utilized by any member of the public to address and ask questions of the Board of Directors on any matter not on the agenda within the jurisdiction of the Montecito Water District. Depending upon the subject matter, the Board of Directors may be unable to respond at this time, or until the specific item is placed on the agenda at a future MWD Board meeting in accordance with the Ralph M. Brown Act.)

3. Moment of Silence in Remembrance of Robert W. Puddicombe

4. CONSENT CALENDAR

Following items are to be approved or accepted by vote on one motion unless a Board member requests separate consideration:

A. Minutes of December 19, 2006

B. Payment of Bills for December 2006

C. Investment of District Funds

5. Montecito Water District Financing Corporation

A. ADJOURN TO ANNUAL MEETING OF MONTECITO WATER DISTRICT FINANCING CORPORATION

6. LEGAL MATTERS

A. CACHUMA OPERATION AND MAINTENANCE BOARD MEETING OF December 18, 2006; Director Abel

B. Recent and Pending Legal Matters REview – Oral Report

7. Board of Directors

A. Process for Appointment of New Director

B. Election of Vice-President

C. Review of Committee Assignments

---------------------------------------------- Legal Counsel Departs----------------------------------------------

8. District Business Report

A. Status of Bill Printing Process

B. Annual 1996 CCWA Bonds Continuing Disclosure

C. Annual 1998 Series A Bonds Continuing Disclosure

D. Annual 2004 COMB BONDS Continuing Disclosure

E. Expenditures Life to Date for MWD Capital Projects, August 1996 to November 2006

F. 1998A Bond Funds Financial Summary

G. Status of District Funds and Proposed Revisions to Water Rates and Charges

H. Legal Services Billing Process

9. district Operations Report

A. Ortega Reservoir Project Status Report (Oral)

B. Professional Services by Steven Bachman, PhD

10. GENERAL MANAGER’S REPORT

A. Ongoing Projects Update

B. Calendar Year 2006 Meeting Schedule

11. DIRECTOR AND STAFF MEETING REPORTS

A. SANTA BARBARA COUNTY SPECIAL DISTRICTS ASSOCIATION MEETING OF December 18, 2006; Director Wilson

12. COMMITTEE REPORTS/RECOMMENDATIONS

A. OPERATIONS COMMITTEE

B. FINANCE COMMITTEE

C. PUBLIC INFORMATION COMMITTEE

13. Board information Items

A. Water Sales Report for December 2006

B. November 2006 Monthly Revenues and Expenditures

C. Water Works Operation Report for December 2006

14. AGENDA ITEM REQUESTS

Requests from Directors for items other than regular agenda items for the next regular Board meeting scheduled for February 20, 2007.

15. ADJOURNMENT

Note: This agenda was posted at the Montecito Water District front counter and outside display case at 5:00 p.m. on January 12, 2007. The Americans with Disabilities Act provides that no qualified individual with a disability shall be excluded from participation in, or denied the benefits of, the District’s programs, services or activities because of any disability. If you need special assistance to participate in this meeting, please contact the District Office at 805-969-2271. Notification at least twenty-four (24) hours prior to the meeting will enable the District to make appropriate arrangements.

*Supporting documents for agenda items are available at the District front counter during normal business hours.