Water Banking and Exchange Agreement between Rosedale-Rio Bravo Water Storage District and Santa Clarita Valley Water Agency

In 2026, SCVWA anticipates needing additional recharge capacity for its 2026 SWP supplies. Rosedale anticipates having recharge capacity available in its own groundwater recharge and banking program and anticipates having sufficient capacity to take SCVWA’s SWP supplies. Rosedale and SCVWA desire to enter into a 3:1 exchange program whereby for every 3 acre-feet of State Water Project (SWP) water delivered to Rosedale in-district by SCVWA (delivery in California Aqueduct to Reach 12E), Rosedale shall bank and return 1 acre-foot of water (minus applicable conveyance losses and losses pursuant to terms of the customary Memorandum of Understanding applicable to banking projects in the area) to SCVWA (point of delivery Reach 30). The term of the agreement shall be from October 21, 2026, through December 31, 2036. A maximum of up to 3,300 acre-feet of SCVWA SWP Table A recharge water shall be delivered by December 31, 2026. Rosedale shall return its agreed upon banked water no later than December 31, 2036.