Leases for three new cell phone tower sites, amendments to a draft water element for the county General Plan, and a review of possible federal bailout money are among items on a busy Wednesday agenda for the Calaveras County Water District.
The telecommunication sites at the West Point Water Treatment Plant, Big Trees Village in Arnold, and near the Heather Water Tank in Forest Meadows are located on CCWD property to be leased by Golden State Cellular. The addition of the towers is expected to improve phone service to some of the more mountainous and remote areas of the county.
The draft water element document contains changes agreed to in a Dec. 17 study session. The document addresses a variety of water issues to be included in the County General Plan Update. The General Plan is a guide for land use and development in the county for decades to come.
CCWD has invested more than $130,000 in the document and has met with representatives of water and wastewater districts in drafting the element.
Also on the agenda Wednesday is an update on the possibility that the federal government Troubled Asset Relief Program (TARP) may be expanded to include agencies like CCWD, which face losses of bond money invested in the now bankrupt Lehman Brothers investment firm.
California agencies concerned with safety, education, public health, infrastructure and transit invested an estimated $300 million with Lehman Brothers.
CCWD invested $1.4 million in a bond which matures in November 2009.
A proposed 2009 version of TARP would provide $10 billion in funds
for local governments who suffered losses from investments in failed