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HomeMy WebLinkAboutRESO 102311 027060325 Resolution No. 10231 Resolution of the Council of the City of Palo Alto Approving the FY 2026 Water Utility Financial Forecast, Reserve Management Practices, and Reserve Transfers, and Amending Rate Schedules W-1 (General Residential Water Service), W-2 (Water Service from Fire Hydrants), W-3 (Fire Service Connections), W-4 (Residential Master-Metered and General Non- Residential Water Service), and W-7 (Non-Residential Irrigation Water Service) R E C I T A L S A. Each year the City of Palo Alto (“City”) assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. The City does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Forecasts or Plans to summarize these projections. B.The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserve Management Practices (Exhibit 31) and Financial Forecast (Exhibit 1 2) attached to and made a part of the staff report presented to the City Council. C.Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. D.On June 16, 2025, the City Council held a full and fair public hearing regarding the proposed rate increase and considered all protests against the proposals. E.As required by Article XIII D, Section 6 of the California Constitution and applicable law, notice of the June 16, 2025 public hearing was mailed to all City of Palo Alto Utilities water customers by May 2, 2025. F.The City Clerk has tabulated the total number of written protests presented by the close of the public hearing, and determined that it was less than fifty percent (50%) 1 Exhibit 3 https://www.paloalto.gov/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city- council-agendas-minutes/2025/june-16/rates-attachments/attachment-b-exhibit-3-fy26-water-reserve- management-practices.pdf 2 Exhibit 1 https://www.paloalto.gov/files/assets/public/v/2/agendas-minutes-reports/agendas-minutes/city- council-agendas-minutes/2025/june-16/rates-attachments/finalized-attachment-b-exhibit-1-fy26-water-utility- financial-forecast-and-cip-detail.pdf Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 2 027060325 of the total number of customers and property owners subject to the proposed water rate amendments, therefore a majority protest does not exist against the proposal. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby adopts the FY 2026 Water Utility Reserve Management Practices (Exhibit 3) and Financial Forecast (Exhibit 1) presented to the Finance Committee on April 1, 2025 (Meeting Agenda Item 1: https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=16017) and as updated by the June 16, 2025 Council report, which are attached to and made a part of the staff report presented to the City Council. SECTION 2. The Council hereby approves a transfer from the Rate Stabilization Reserve to the Operations Reserve of up to $3,000,000 in FY 2025 as described in the FY 2026 Water Utility Financial Forecast (Exhibit 1). SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-1 (General Residential Water Service) is hereby amended to read as shown in Exhibit 2. Utility Rate Schedule W-1, as amended, shall become effective July 1, 2025. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-2 (Water Service from Fire Hydrants) is hereby amended to read as shown in Exhibit 2 3. Utility Rate Schedule W-2, as amended, shall become effective July 1, 2025. SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-3 (Fire Service Connections) is hereby amended to read as shown in Exhibit 2. Utility Rate Schedule W-3, as amended, shall become effective July 1, 2025. SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-4 (Residential Master-Metered and General Non-Residential Water Service) is hereby amended to read as shown in Exhibit 2. Utility Rate Schedule W- 4, as amended, shall become effective July 1, 2025. SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-7 (Non-Residential Irrigation Water Service) is hereby amended to read as shown in Exhibit 2. Utility Rate Schedule W-7, as amended, shall become effective July 1, 2025. 3 Exhibit 2 https://www.paloalto.gov/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city- council-agendas-minutes/2025/june-16/rates-attachments/attachment-b-exhibit-2-fy26-water-utility-rate- schedules.pdf Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 3 027060325 SECTION 8. The City Council finds that the revenues derived from the water rates approved by this resolution do not exceed the funds required to provide water service, do not exceed the proportional cost of the water service attributable to the parcel, and shall not be used for any purpose other than providing water service and the purposes set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 9. The Council finds that the fees and charges adopted by this resolution are charges imposed for a specific government service or product provided directly to the payor that are not provided to those not charged, and do not exceed the reasonable costs to the City of providing the service or product. // // // // // // // // // Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 4 027060325 SECTION 10. The Council finds that the adoption of this resolution approving the FY 2026 Water Financial Forecast, Reserve Management Practices, and Reserve transfers does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065 and CEQA Guidelines Section 15378(b)(5), because it is an administrative governmental activity which will not cause a direct or indirect physical change in the environment, and therefore, no environmental review is required. The Council finds that the adoption of this resolution changing Water rates to meet operating expenses, purchase supplies and materials, meet financial reserve needs and obtain funds for capital improvements necessary to maintain service is not subject to CEQA, pursuant to California Public Resources Code Sec. 21080(b)(8) and Title 14 of the California Code of Regulations Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. INTRODUCED AND PASSED: JUNE 16, 2025 AYES: BURT, LAUING, LU, LYTHCOTT-HAIMS, RECKDAHL, VEENKER NOES: ABSENT: STONE ABSTENTIONS: ATTEST: City Clerk Mayor APPROVED AS TO FORM: APPROVED: Assistant City Attorney City Manager Director of Utilities Director of Administrative Services Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 1 The Water Utility Financial Forecast and CIP Details have been updated since the April 1, 2025 version reviewed by the Finance Committee;1 the specific changes are summarized in Staff Report 2411-3776. This exhibit contains the following tables: •Table 1: Updated June 16, 2025 Council Version of the Water Utility Financial Forecast. Key Updated Numbers Shown in Red. •Table 2: April 1, 2025 Finance Committee Version of the Water Utility Financial Forecast for Quick Reference. •Table 3: Updated June 16, 2025 Council Version of the Water Utility CIP Detail. Key Updated Numbers Shown in Red. •Table 4: April 1, 2025 Finance Committee Version of the Water Utility CIP Detail for Quick Reference. 1 Finance Committee Meeting Agenda April 1, 2025, Item 1: https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=16017 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 1 Table 1: Updated June 16, 2025 Council Version of the Water Utility Financial Forecast. Key Updated Numbers Shown in Red. Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 1 Table 2: April 1, 2025 Finance Committee Version of the Water Utility Financial Forecast for Quick Reference. Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 1 Table 3: Updated June 16, 2025 Council Version of the Water Utility CIP Detail. Key Updated Numbers Shown in Red. 1 Project #Project Name Reappropriated & Carried Forward from Previous Years & Accruals (A) Current Year Estimate (B) Current Year Funding (B-A) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 2 ONE TIME PROJECTS 3 WS-07000 Regulation Station Imp.233,538 233,539 1 - - - - 4 WS-07001 Water Recycling Facilities - - - - - 5 WS-08001 Water Reservoir Coating - - - - - 6 WS-09000 Seismic Water System 1,330,574 1,630,574 300,000 - - - 8,776,412 7,776,412 7 Subtotal, One-time Projects 1,564,113 1,864,113 300,000 - - - 8,776,412 7,776,412 8 WATER MAIN REPLACEMENT PROGRAM 9 WS-14001 WMR - Project 28 1,226,970 1,226,970 0 - - - - 10 WS-15002 WMR - Project 29 5,419,782 5,419,782 0 - - - 11 WS-16001 WMR - Project 30 419,629 844,629 425,000 4,359,000 - - 12 WS-19001 WMR - Project 31 - 447,950 472,139 7,152,696 - 13 WS- XXXXX WMR - Project 32 485,035 682,207 11,056,610 14 WS- XXXXX WMR - Project 33 829,246 15 Subtotal, Water Main Replacement Prog.7,066,380 7,491,381 425,001 4,806,950 472,139 7,637,731 682,207 11,885,855 16 Project #Project Name Reappropriated / Carried Forward from Previous Years Current Year Estimate Current Year Funding FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 17 ONGOING PROJECTS 18 WS-80014 Services/Hydrants - 412,000 412,000 424,000 437,000 450,000 464,000 464,000 19 WS-80015 Water Meters 20 367,460 367,440 342,270 407,130 404,930 427,630 412,000 20 WS-02014 W-G-W Utility GIS Data 684,752 1,213,552 528,800 544,000 560,000 583,000 600,000 600,000 21 WS-13002 Equipment/Tools 50,000 100,000 50,000 50,000 50,000 50,000 50,000 50,000 22 WS-11003 Dist. Sys. Improvements 607,956 912,955 305,000 314,000 323,000 335,000 345,000 379,500 23 WS-11004 Supply Sys. Improvements 3,592,792 4,307,792 715,000 366,000 377,000 390,000 402,000 442,200 24 WS-19000 Mayfield Reservoir - - - - - - - 25 Subtotal, Ongoing Projects 4,935,519 7,313,759 2,378,240 2,040,270 2,154,130 2,212,930 2,288,630 2,347,700 26 CUSTOMER CONNECTIONS (FEE FUNDED) 27 WS-80013 Water System Extensions 12,630 973,130 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 28 Subtotal, Customer Connections 12,630 973,130 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 29 GRAND TOTAL 13,578,642 17,642,383 4,063,741 7,836,220 3,644,969 10,950,661 12,847,249 23,109,967 30 Funding Sources 31 Connection/Capacity Fees 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 32 Other Utility Funds (Asset Mgmt, GIS Systems)342,000 362,667 373,333 388,667 400,000 400,000 33 Utility Rates 2,761,241 6,484,553 2,252,936 9,461,995 11,347,249 21,609,967 34 CIP-RELATED RESERVES DETAIL 6/30/2024 Actual 35 Reappropriations & Commitments & Accrual 13,577,938 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 1 Table 4: April 1, 2025 Finance Committee Version of the Water Utility CIP Detail for Quick Reference. 1 Project #Project Name Reappropriated & Carried Forward from Previous Years & Accruals (A) Current Year Estimate (B) Current Year Funding (B-A) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 2 ONE TIME PROJECTS 3 WS-07000 Regulation Station Imp.233,538 233,539 1 - - - - 4 WS-07001 Water Recycling Facilities - - - - - 5 WS-08001 Water Reservoir Coating - - - - - 6 WS-09000 Seismic Water System 1,330,574 1,630,574 300,000 - - - 8,776,412 7,776,412 7 Subtotal, One-time Projects 1,564,113 1,864,113 300,000 - - - 8,776,412 7,776,412 8 WATER MAIN REPLACEMENT PROGRAM 9 WS-14001 WMR - Project 28 1,226,970 1,226,970 0 - - - - 10 WS-15002 WMR - Project 29 5,419,782 5,419,782 0 - - - 11 WS-16001 WMR - Project 30 419,629 844,629 425,000 4,359,000 - - 12 WS-19001 WMR - Project 31 - 447,950 472,139 7,452,696 - 13 WS- XXXXX WMR - Project 32 485,035 682,207 11,056,610 14 WS- XXXXX WMR - Project 33 829,246 15 Subtotal, Water Main Replacement Prog.7,066,380 7,491,381 425,001 4,806,950 472,139 7,937,731 682,207 11,885,855 16 Project #Project Name Reappropriated / Carried Forward from Previous Years Current Year Estimate Current Year Funding FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 17 ONGOING PROJECTS 18 WS-80014 Services/Hydrants - 412,000 412,000 424,000 437,000 450,000 464,000 464,000 19 WS-80015 Water Meters 20 367,460 367,440 342,270 407,130 404,930 427,630 412,000 20 WS-02014 W-G-W Utility GIS Data 684,752 1,213,552 528,800 544,000 560,000 583,000 600,000 600,000 21 WS-13002 Equipment/Tools 50,000 100,000 50,000 50,000 50,000 50,000 50,000 50,000 22 WS-11003 Dist. Sys. Improvements 607,956 912,955 305,000 314,000 323,000 335,000 345,000 379,500 23 WS-11004 Supply Sys. Improvements 3,592,792 4,307,792 715,000 366,000 377,000 390,000 402,000 442,200 24 WS-19000 Mayfield Reservoir - - - - - - - 25 Subtotal, Ongoing Projects 4,935,519 7,313,759 2,378,240 2,040,270 2,154,130 2,212,930 2,288,630 2,347,700 26 CUSTOMER CONNECTIONS (FEE FUNDED) 27 WS-80013 Water System Extensions 12,630 973,130 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 28 Subtotal, Customer Connections 12,630 973,130 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 29 GRAND TOTAL 13,578,642 17,642,383 4,063,741 7,836,220 3,644,969 11,250,661 12,847,249 23,109,967 30 Funding Sources 31 Connection/Capacity Fees 960,500 989,000 1,018,700 1,100,000 1,100,000 1,100,000 32 Other Utility Funds (Asset Mgmt, GIS Systems)342,000 362,667 373,333 388,667 400,000 400,000 33 Utility Rates 2,761,241 6,484,553 2,252,936 9,761,995 11,347,249 21,609,967 34 CIP-RELATED RESERVES DETAIL 6/30/2024 Actual 35 Reappropriations & Commitments & Accrual 13,577,938 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-1-1 Effective 7-1-20245 dated 7-1-20234 Sheet No W-1-1 A. APPLICABILITY: This schedule applies to separately metered single-family residential dwellings receiving Water Service from the City of Palo Alto Utilities. B.TERRITORY: This schedule applies everywhere the City of Palo Alto provides Water Service. C. RATES: Per Meter Monthly Service Charge: Per Month For meters 5/8-inch to 1 inch .................................................................................... $ 27.63 23.62 For 1 1/2 inch meter .................................................................................................. 89.28 76.31 For 2-inch meter ........................................................................................................ 138.11 118.05 For 3-inch meter ........................................................................................................ 292.75 250.22 For 4-inch meter ........................................................................................................ 520.66 445.01 For 6-inch meter ........................................................................................................1,065.97 911.09 For 8-inch meter ........................................................................................................1,961.28 1,676.31 For 10-inch meter ......................................................................................................3,100.74 2,650.21 For 12-inch meter .......................................................................................................4,077.45 3,485.00 Per Hundred Cubic Feet Volumetric Rates: (To be added to Service Charge, applicable to all pressure zones.) Per Month Commodity Rate: Water Delivery Charge from SFPUC ......................................................................... $ 5.805.67 Distribution Rate: Tier 1 usage ........................................................................................................................$ 3.492.99 Tier 2 usage (All usage over 100% of Tier 1) .......................................................................8.146.96 Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-1-2 Effective 7-1-20245 dated 7-1-20234 Sheet No W-1-2 Drought Surcharges (deactivated): A drought surcharge will be added to the Customer’s applicable commodity rate for Tier 1 and Tier 2 Water usage when the City Council has determined that a Water reduction level is in effect for the City as described in Section D.4. The drought surcharges in the table below are measured in dollars per hundred cubic feet (ccf). Water Usage Reduction level Level 1 (10/15%) Level 2 (20%) Level 3 (25%) Tier 1 0.20 0.43 0.64 Tier 2 0.58 1.21 1.85 Temporary Service – Developers Temporary unmetered service to residential subdivision developers, per connection ........................................................................ $ 6.00 D.SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Commodity Rate The Commodity Charge is based on the water delivery rate per the San Francisco Public Utility Commission (SFPUC) Water Rate Schedule W-25: Wholesale Use with Long-Term Contract. The Commodity Charge will be passed through automatically via periodic rate adjustments to account for increases in wholesale water charges, as well as inflation. The pass-through period will be effective for fiscal years 2025 through 2029, inclusive. Customers will be provided notice of any adjustments via their billing statements or by any other mailing by CPAU to the customer’s regular billing address. Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-1-3 Effective 7-1-20245 dated 7-1-20234 Sheet No W-1-3 3. Calculation of Usage Tiers Tier 1 Water usage shall be calculated and billed based upon a level of 0.2 ccf per day rounded to the nearest whole ccf, based on Meter reading days of Service. As an example, for a 30-day bill, the Tier 1 level would be 0 through 6 ccf. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 4.Drought Surcharge During period of Water shortage or restrictions on local Water use, the City Council may, by resolution, declare the need for citywide Water conservation at the 10/15%, 20% or 25% level. While such a resolution is in effect, a drought surcharge will apply. The purpose of the drought surcharge is to recover revenues lost as a result of reduced consumption. {End} Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 WATER SERVICE FROM FIRE HYDRANTS UTILITY RATE SCHEDULE W-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-2-1 Effective 7-1-20245 dated 7-1-20234 Sheet No W-2-1 A. APPLICABILITY: This schedule applies to all Water taken from fire hydrants for construction, maintenance, and other uses in conformance with provisions of a Hydrant Meter Permit. B.TERRITORY: This schedule applies everywhere the City of Palo Alto provides Water Service. C. RATES: 1. Monthly Service Charge. METER SIZE 5/8 inch ........................................................................................................................... $ 50.00 3 inch ........................................................................................................................... 125.00 2.Volumetric Rate: (per hundred cubic feet) Commodity Rate: Water Delivery Charge from SFPUC ................................................................ $ 5.805.67 Distribution Rate: .................................................................................................................$ 4.214.92 4. Drought Surcharges (deactivated): A drought surcharge will be added to the Customer’s applicable Commodity rate when the City Council has determined that a Water reduction level is in effect for the City as described in Section D.6. The drought surcharges in the table below are measured in dollars per hundred cubic feet (ccf). Water Usage Reduction level Level 1 (10/15%) Level 2 (20%) Level 3 (25%) Surcharge 0.26 0.53 0.77 Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 WATER SERVICE FROM FIRE HYDRANTS UTILITY RATE SCHEDULE W-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-2-2 Effective 7-1-20245 dated 7-1-20234 Sheet No W-2-2 D.SPECIAL NOTES: 1.Monthly charges shall include the applicable monthly Service Charge in addition to usage billed at the commodity rate. 2. The Commodity Charge is based on the water delivery rate per the San Francisco Public Utility Commission (SFPUC) Water Rate Schedule W-25: Wholesale Use with Long-Term Contract. The Commodity Charge will be passed through automatically via periodic rate adjustments to account for increases in wholesale water charges, as well as inflation. The pass-through period will be effective for fiscal years 2025 through 2029, inclusive. Customers will be provided notice of any adjustments via their billing statements or by any other mailing by CPAU to the customer’s regular billing address. 3. Any person or company using a hydrant without first obtaining a valid Hydrant Meter Permit shall pay a fee of $50.00 for each day of such use in addition to all other costs and fees provided in this schedule. A hydrant permit may be denied or revoked for failure to pay such fee. 4.A Meter deposit of $750.00 may be charged any applicant for a Hydrant Meter Permit as a prerequisite to the issuance of a permit and Meter(s). A charge of $50.00 per day will be added for delinquent return of hydrant Meters. A fee will be charged for any Meter returned with missing or damaged parts. 5.Any person or company using a fire hydrant improperly or without a permit, or who draws Water from a hydrant without a Meter installed and properly recording usage shall, in addition to all other applicable charges be subject to criminal prosecution pursuant to the Palo Alto Municipal Code. 6.During period of Water shortage or restrictions on local Water use, the City Council may, by resolution, declare the need for citywide Water conservation at the 10/15%, 20% or 25% level. While such a resolution is in effect, a drought surcharge will apply. The purpose of the drought surcharge is to recover revenues lost as a result of reduced consumption. {End} Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 FIRE SERVICE CONNECTIONS UTILITY RATE SCHEDULE W-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-3-1 Effective 7-1-20245 dated 7-1-20234 Sheet No W-3-1 A. APPLICABILITY: This schedule applies to all public fire hydrants and private fire Service connections. B.TERRITORY: This schedule applies everywhere the City of Palo Alto provides Water Service. C. RATES: 1. Monthly Service Charges Public Fire Hydrant .................................................................................................... $ 5.00 Private Fire Service: 2-inch connection .......................................................................................................$ 5.68 4.86 4-inch connection .......................................................................................................35.22 30.11 6-inch connection ....................................................................................................... 102.32 87.46 8-inch connection .......................................................................................................218.07 186.39 10-inch connection .....................................................................................................392.19 335.21 12-inch connection .....................................................................................................633.50 541.46 2.Commodity (To be added to Service Charge unless Water is used for fire extinguishing or testing purposes.) Per Hundred Cubic Feet All water usage ..........................................................................................................$ 10.00 D.SPECIAL NOTES: 1. Service under this schedule may be discontinued if Water is used for any purpose other than fire extinguishing or testing and repairing the fire extinguishing facilities. Using hydrants and fire Services for other purposes is illegal and will be subject to the commodity charge as noted above, fines, and criminal prosecution pursuant to the Palo Alto Municipal Code. 2. For a combination Water and fire Service, the Water Service schedule shall apply. Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 FIRE SERVICE CONNECTIONS UTILITY RATE SCHEDULE W-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-3-2 Effective 7-1-20245 dated 7-1-20234 Sheet No W-3-2 3. Utilities Rule and Regulation No. 21 provides additional information on Automatic Fire Services. 4. Repairs and testing of fire extinguishing facilities are not considered unauthorized use of Water if records and documentation are supplied by the Customer. {End} Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 RESIDENTIAL MASTER-METERED AND GENERAL NON-RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-4-1 Effective 7-1-20254 dated 7-1-20234 Sheet No W-4-1 A. APPLICABILITY: This schedule applies to Water Services to non-residential buildings, and multi-family residential dwellings served through a Master-Meter. B.TERRITORY: This schedule applies everywhere the City of Palo Alto provides Water Service. C. RATES: Per Meter Monthly Service Charge Per Month For 5/8-inch meter .................................................................................... $ 24.1620.65 For 3/4-inch meter .................................................................................... 32.31 27.62 For 1-inch meter .................................................................................... 48.59 41.53 For 1 ½-inch meter .................................................................................... 89.28 76.31 For 2-inch meter .................................................................................... 138.11 118.05 For 3-inch meter .................................................................................... 292.75 250.22 For 4-inch meter .................................................................................... 520.66 445.01 For 6-inch meter ....................................................................................1,065.97 911.09 For 8-inch meter ....................................................................................1,961.28 1,676.31 For 10-inch meter ....................................................................................3,100.74 2,650.21 For 12-inch meter ....................................................................................4,077.45 3,485.00 Per Hundred Cubic Feet Volumetric Rates: (to be added to Service Charge, applicable to all pressure zones) Per Month Commodity Rate: Water Delivery Charge from SFPUC ...................................................... $ 5.675.80 Distribution Rate: ........................................................................................... 4.924.21 Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 RESIDENTIAL MASTER-METERED AND GENERAL NON-RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-4-2 Effective 7-1-20254 dated 7-1-20234 Sheet No W-4-2 Drought Surcharges (deactivated): A drought surcharge will be added to the Customer’s applicable commodity rate when the City Council has determined that a Water reduction level is in effect for the City as described in Section D.3. The drought surcharges in the table below are measured in dollars per hundred cubic feet (ccf). Water Usage Reduction level Level 1 (10/15%) Level 2 (20%) Level 3 (25%) Surcharge 0.26 0.53 0.77 D.SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Commodity Rate The Commodity Charge is based on the water delivery rate per the San Francisco Public Utility Commission (SFPUC) Water Rate Schedule W-25: Wholesale Use with Long-Term Contract. The Commodity Charge will be passed through automatically via periodic rate adjustments to account for increases in wholesale water charges, as well as inflation. The pass-through period will be effective for fiscal years 2025 through 2029, inclusive. Customers will be provided notice of any adjustments via their billing statements or by any other mailing by CPAU to the customer’s regular billing address. 3.Drought Surcharge During period of Water shortage or restrictions on local Water use, the City Council may, by resolution, declare the need for citywide Water conservation at the 10/15%, 20% or 25% level. While such a resolution is in effect, a drought surcharge will apply. The purpose of the drought surcharge is to recover revenues lost as a result of reduced Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 RESIDENTIAL MASTER-METERED AND GENERAL NON-RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-4-3 Effective 7-1-20254 dated 7-1-20234 Sheet No W-4-3 consumption. {End} Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 NON-RESIDENTIAL IRRIGATION WATER SERVICE UTILITY RATE SCHEDULE W-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-7-1 Effective 7-1-20242025 dated 7-1-20234 Sheet No W-7-1 A. APPLICABILITY: This schedule applies to non-residential Water Service supplying dedicated irrigation Meters. B.TERRITORY: This schedule applies everywhere the City of Palo Alto provides Water Services. C. RATES: Per Meter Monthly Service Charge Per Month For 5/8-inch meter .................................................................................... $ 24.1620.65 For 3/4-inch meter .................................................................................... 32.31 27.62 For 1-inch meter .................................................................................... 48.59 41.53 For 1 1/2 inch meter .................................................................................... 89.28 76.31 For 2-inch meter .................................................................................... 138.11 118.05 For 3-inch meter .................................................................................... 292.75 250.22 For 4-inch meter .................................................................................... 520.66 445.01 For 6-inch meter ....................................................................................1,065.97 911.09 For 8-inch meter ....................................................................................1,961.28 1,676.31 For 10-inch meter ....................................................................................3,100.74 2,650.21 For 12-inch meter ....................................................................................4,077.45 3,485.00 Per Hundred Cubic Feet Volumetric Rates: (to be added to Service Charge, applicable to all pressure zones) Per Month Commodity Rate: Water Delivery Charge from SFPUC ........................................................... $ 5.805.67 Distribution Rate: ..................................................................................................... 6.417.49 Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 NON-RESIDENTIAL IRRIGATION WATER SERVICE UTILITY RATE SCHEDULE W-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No W-7-2 Effective 7-1-20242025 dated 7-1-20234 Sheet No W-7-2 Drought Surcharges (deactivated): A drought surcharge will be added to the Customer’s applicable commodity rate when the City Council has determined that a Water reduction level is in effect for the City as described in Section D.3. The drought surcharges in the table below are measured in dollars per hundred cubic feet (ccf). Water Usage Reduction level Level 1 (10/15%) Level 2 (20%) Level 3 (25%) Surcharge 0.53 1.25 2.02 D.SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Commodity Rate The Commodity Charge is based on the water delivery rate per the San Francisco Public Utility Commission (SFPUC) Water Rate Schedule W-25: Wholesale Use with Long-Term Contract. The Commodity Charge will be passed through automatically via periodic rate adjustments to account for increases in wholesale water charges, as well as inflation. The pass-through period will be effective for fiscal years 2025 through 2029, inclusive. Customers will be provided notice of any adjustments via their billing statements or by any other mailing by CPAU to the customer’s regular billing address. 3.Drought Surcharge During period of Water shortage or restrictions on local Water use, the City Council may, by resolution, declare the need for citywide Water conservation at the 10/15%, 20% or 25% level. While such a resolution is in effect, a drought surcharge will apply. The purpose of the drought surcharge is to recover revenues lost as a result of reduced consumption. {End} Exhibit 2 2 Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 3 WATER UTILITY RESERVES MANAGEMENT PRACTICES The following reserves management practices shall be used when developing the Water Utility Financial Plan: Section 1. Definitions a)“Financial Planning Period” – The Financial Planning Period is the range of future fiscal years covered by the Financial Plan. For example, for the Water Utility Financial Plan delivered in conjunction with the FY 2015 budget, FY 2015 to FY 2021 is the Financial Planning Period. b)“Fund Balance” – As used in these Reserves Management Practices, Fund Balance refers to the Utility’s Unrestricted Net Assets. c)“Net Assets” - The Government Accounting Standards Board defines a Utility’s Net Assets as the difference between its assets and liabilities. d)“Unrestricted Net Assets” - The portion of the Utility’s Net Assets not invested in capital assets (net of related debt) or restricted for debt service or other restricted purposes. Section 2. Reserves The Water Utility’s Fund Balance is reserved for the following purposes: a)For existing contracts, as described in Section 3 (Reserve for Commitments) b)For operating and capital budgets re-appropriated from previous years, as described in Section 4 (Reserve for Re- appropriations) c)For cash flow management and contingencies related to the Water Utility’s Capital Improvement Program (CIP), as described in Section 5 (CIP Reserve) d)For rate stabilization, as described in Section 6 (Rate Stabilization Reserve) e)For operating contingencies, as described in Section 7 (Operations Reserve) f)Any funds not included in the other reserves will be considered Unassigned Reserves and shall be returned to ratepayers or assigned a specific purpose as described in Section 8 (Unassigned Reserves). Section 3. Reserve for Commitments At the end of each fiscal year the Reserve for Commitments will be set to an amount equal to the total remaining spending authority for all contracts in force for the Water Utility at that time. Section 4. Reserve for Re-appropriations At the end of each fiscal year the Reserve for Re-appropriations will be set to an amount equal to the amount of all remaining capital and non-capital budgets, if any, that will be re-appropriated to the following fiscal year in accordance with Palo Alto Municipal Code Section 2.28.090. Section 5. CIP Reserve The CIP Reserve is used to manage cash flow for capital projects and acts as a reserve for capital contingencies. Staff will manage the CIP Reserve according to the following practices: a)The following guideline levels are set forth for the CIP Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period and approved by Council resolution. Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 3 Minimum Level 20% of the maximum CIP Reserve guideline level Maximum Level Average annual (12 month)1 CIP budget, for 48 months of budgeted CIP expenses2 b)Changes in Reserves: Staff is authorized to transfer funds between the CIP Reserve and the Reserve for Commitments when funds are added or removed from to that reserve as a result of a change in contractual commitments related to CIP projects. Any other additions to or withdrawals from the CIP reserve require Council action. c)Minimum Level: If, at the end of any fiscal year, the minimum guideline is not met, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered by the end of the following fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the next fiscal year. For example, if the CIP Reserve is below its minimum level at the end of FY 2017, staff must present a plan by June 30, 2018 to return the reserve to its minimum level by June 30, 2019. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve, or that does so in a shorter period of time. d)Maximum Level: If there are funds in this reserve in excess of the maximum level staff must propose in the next Financial Plan to transfer these funds to another reserve, return the funds to ratepayers, or designate a specific use of the funds for CIP investments that will be made by the end of the next Financial Planning Period . Staff may also seek City Council to approve holding funds in this reserve in excess of the maximum level if they are held for a specific future purpose related to the CIP. Section 6. Rate Stabilization Reserve Funds may be added to the Rate Stabilization Reserve by action of the City Council and held to manage the trajectory of future year rate increases. Withdrawal of funds from the Rate Stabilization Reserve requires Council action. If there are funds in the Rate Stabilization Reserve at the end of any fiscal year, any subsequent Water Utility Financial Plan must result in the withdrawal of all funds from this Reserve by the end of the next Financial Planning Period. The Council may approve exceptions to this requirement, when proposed by staff to provide greater rate stabilization to customers. Section 7. Operations Reserve The Operations Reserve is used to manage normal variations in costs and as a reserve for contingencies. Any portion of the Water Utility’s Fund Balance not included in the reserves described in Section 3-Section 6 above will be included in the Operations Reserve unless this reserve has reached its maximum level as set forth in Section 7(d) below. Staff will manage the Operations Reserve according to the following practices: a)The following guideline levels are set forth for the Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of Operations and Maintenance (O&M) and commodity expense forecasted for that year in the Financial Plan. 1 Each month is calculated based upon 1/12 of the annual budget. 2 For example, in the Financial Plan for FY 2021, the 48 month period to use to derive the annual average is FY 2021 through FY 2024. In the FY 2022 Financial Plan, the 48 month period to use to derive the annual average would be FY 2022 through FY 2025 etc. Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Exhibit 3 Minimum Level 60 days of O&M and commodity expense Target Level 90 days of O&M and commodity expense Maximum Level 120 days of O&M and commodity expense b)Minimum Level: If, at the end of any fiscal year, the funds remaining in the Operations Reserve are lower than the minimum level set forth above, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered within six months of the end of the fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the following fiscal year. For example, if the Operations Reserve is below its minimum level at the end of FY 2014, staff must present a plan by December 31, 2014 to return the reserve to its minimum level by June 30, 2015. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve. c)Target Level: If, at the end of any fiscal year, the Operations Reserve is higher or lower than the target level, any Financial Plan created for the Water Utility shall be designed to return the Operations Reserve to its target level within four years. d)Maximum Level: If, at any time, the Operations Reserve reaches its maximum level, no funds may be added to this reserve. Any further increase in the Water Utility’s Fund Balance shall be automatically included in the Unassigned Reserve described in Section 8, below. Section 8. Unassigned Reserve If the Operations Reserve reaches its maximum level, any further additions to the Water Utility’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in the Unassigned Reserve at the end of any fiscal year, the next Financial Plan presented to the City Council must include a plan to assign them to a specific purpose or return them to the Water Utility ratepayers by the end of the first fiscal year of the next Financial Planning Period. For example, if there were funds in the Unassigned Reserves at the end of FY 2015, and the next Financial Planning Period is FY 2016 through FY 2021, the Financial Plan shall include a plan to return or assign any funds in the Unassigned Reserve by the end of FY 2016. Staff may present an alternative plan that retains these funds or returns them over a longer period of time. Docusign Envelope ID: D83D2493-E110-4A2F-A125-BFB3E7176E27 Certificate Of Completion Envelope Id: D83D2493-E110-4A2F-A125-BFB3E7176E27 Status: Completed Subject: RESO 10231 Water Rates Source Envelope: Document Pages: 24 Signatures: 6 Envelope Originator: Certificate Pages: 2 Initials: 0 Christine Prior AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) 250 Hamilton Ave Palo Alto , CA 94301 Christine.Prior@PaloAlto.gov IP Address: 165.225.242.87 Record Tracking Status: Original 6/25/2025 11:02:35 AM Holder: Christine Prior Christine.Prior@PaloAlto.gov Location: DocuSign Security Appliance Status: Connected Pool: StateLocal Storage Appliance Status: Connected Pool: City of Palo Alto Location: Docusign Signer Events Signature Timestamp Aylin Bilir Aylin.Bilir@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 165.225.242.124 Sent: 6/25/2025 11:05:24 AM Viewed: 6/25/2025 11:15:00 AM Signed: 6/25/2025 11:16:01 AM Electronic Record and Signature Disclosure: Not Offered via Docusign Lauren Lai Lauren.Lai@paloalto.gov Director Administrative Services/CFO COPA Security Level: Email, Account Authentication (None) Signature Adoption: Drawn on Device Using IP Address: 199.33.32.254 Sent: 6/25/2025 11:16:03 AM Viewed: 6/25/2025 12:29:59 PM Signed: 6/25/2025 12:30:07 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Alan Kurotori Alan.Kurotori@paloalto.gov Director of Utilities City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 6/25/2025 12:30:10 PM Viewed: 6/30/2025 3:24:59 PM Signed: 6/30/2025 3:25:10 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Ed Shikada Ed.Shikada@paloalto.gov Ed Shikada City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 6/30/2025 3:25:12 PM Viewed: 7/1/2025 7:56:30 AM Signed: 7/1/2025 7:56:35 AM Electronic Record and Signature Disclosure: Not Offered via Docusign Signer Events Signature Timestamp Ed Lauing Ed.Lauing@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 73.158.105.71 Sent: 7/1/2025 7:56:38 AM Viewed: 7/1/2025 12:23:11 PM Signed: 7/1/2025 12:23:43 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Mahealani Ah Yun Mahealani.AhYun@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 217.61.175.43 Signed using mobile Sent: 7/1/2025 12:23:45 PM Viewed: 7/1/2025 3:14:28 PM Signed: 7/1/2025 3:14:49 PM Electronic Record and Signature Disclosure: Not Offered via Docusign In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 6/25/2025 11:05:24 AM Certified Delivered Security Checked 7/1/2025 3:14:28 PM Signing Complete Security Checked 7/1/2025 3:14:49 PM Completed Security Checked 7/1/2025 3:14:49 PM Payment Events Status Timestamps