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Tuesday, June 24, 2008; 2:00 p.m.

Regular Meeting of the Board of Directors Of

South Feather Water and Power Agency

Board Room, 2310 Oro-Quincy Highway, Oroville, CA

A.		Pledge of Allegiance

B.		Roll Call

C.		Approval of Minutes
		Ä	Regular Meeting on May 27, 2008

D.		Approval of Warrants
		Ä	Water Division expenditures for $404,212.51
		Ä	Power Division expenditures for $335,920.38

E.		Public Participation
			Individuals will be given an opportunity to address the Board regarding matters within the Agency's jurisdiction that are not scheduled on the agenda, although the Board cannot take action on any matter not on the agenda. Comments will be limited to 5 minutes per speaker. Opportunity for public comment on agenda items will be provided at the time they are discussed by the Board. Comments will be limited to 5 minutes per agenda item.

F.		Staff Reports
		Ä	Finance Division Manager
		Ä	Water Division Manager
		Ä	Power Division Manager
		Ä	General Manager

G.		Director's Reports
			Directors may make brief announcements or reports for the purpose of providing information to the public or staff, or to schedule a matter for a future meeting. The Board cannot take action on any matter not on the agenda and will refrain from entering into discussion that would constitute action, direction or policy, until such time as the matter is placed on the agenda of a properly publicized and convened Board meeting.

H.		Business
		Ä	Water Transfer Storage and Conveyance Agreement
			l	Action to adopt Resolution 08-6-1, approving a storage and conveyance agreement with DWR and a consortium of eight State Water Project Contractors for the transfer of 10,000 acre-feet of water.
		Ä	Closed Session. Conference with Labor Negotiator.
			l	Government Code §54957.6. Agency designated representatives: Michael Glaze and Jeffrey Meith. Employee Organizations: Clerical & Support Employees Unit; Water Treatment & Distribution Employees Unit; Hydropower Generation Employees Unit; and, Management & Professional Employees Unit.
		Ä	Authorization of Contract with PERS
			l	Action to: (1) adopt resolution authorizing a contract between the Board of Administration, California Public Employees' Retirement System, for a 3% at 60 PERS retirement plan for Agency employees; (2) adopt a resolution to permit tax deferral of employee contributions; (3) to grant all employees a 3.58% wage/salary increase; and, (4) to set the employer contribution to PERS at 11.42% and the employee contribution at 8%.
		Ä	Closed Session. Conference with Legal Counsel - Existing Litigation
			l	Case number DSC 07738, Small Claims Court, Butte County.
		Ä	Closed Session. Conference with Legal Counsel - Anticipated Litigation
			l	Two potential cases.

I.		Adjournment