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HomeMy WebLinkAbout2021-04-20 Finance Committee Agenda Packet Finance Committee 1 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION ON THE CITY’S WEBSITE. Tuesday, April 20, 2021 Special Meeting 6:00 PM ***BY VIRTUAL TELECONFERENCE ONLY*** Click to Join Zoom Meeting ID: 992-2730-7235 Phone: 1(669)900-6833 Pursuant to the provisions of California Governor’s Executive Order N-29-20, issued on March 17, 2020, to prevent the spread of Covid-19, this meeting will be held by virtual teleconference only, with no physical location. The meeting will be broadcast on Midpen Media Center at https://midpenmedia.org. Members of the public who wish to participate by computer or phone can find the instructions at the end of this agenda. PUBLIC COMMENT Members of the public may speak to agendized items. If you wish to address the Committee on any issue that is on this agenda, please complete a speaker request card located on the table at the entrance to the Council Chambers/Community Meeting Room, and deliver it to the Clerk prior to discussion of the item. You are not required to give your name on the speaker card in order to speak to the Committee, but it is very helpful. Public comment may be addressed to the full Finance Committee via email at City.Council@cityofpaloalto.org. Call to Order Oral Communications Members of the public may speak to any item NOT on the agenda. Action Items 1.Staff and the Utilities Advisory Commission (UAC) Recommendation That the Finance Committee Recommend the City Council Decline to Adopt the Energy Storage System Targets and Receive the 2020 Energy Storage Report 2.Staff Recommendation That the Finance Committee Recommend the City Council Adopt a Resolution Amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage) Reflecting a 2.0 Percent Consumer Price Index Rate Increase to $15.34 per Month per Equivalent Residential Unit for Fiscal Year 2022 3.Regional Water Quality Control Plant Wastewater Treatment Fund Capital Program Update Future Meetings and Agendas Adjournment AMERICANS WITH DISABILITY ACT (ADA): Persons with disabilities who require auxiliary aids or services in using City facilities, services or programs or who would like information on the City’s compliance with the Americans with Disabilities Act (ADA) of 1990, may contact (650) 329-2550 (Voice) 24 hours in advance. Presentation Presentation Presentation 2 April 20, 2021 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION ON THE CITY’S WEBSITE Public Comment Instructions Members of the Public may provide public comments to virtual meetings via teleconference or by phone. 1. Spoken public comments using a computer will be accepted through the teleconference meeting. To address the Committee, click on the link below to access a Zoom-based meeting. Please read the following instructions carefully. A. You may download the Zoom client or connect to the meeting in- browser. If using your browser, make sure you are using a current, up-to-date browser: Chrome 30+, Firefox 27+, Microsoft Edge 12+, Safari 7+. Certain functionality may be disabled in older browsers including Internet Explorer. B. You may be asked to enter an email address and name. We request that you identify yourself by name as this will be visible online and will be used to notify you that it is your turn to speak. C. When you wish to speak on an Agenda Item, click on “raise hand.” The Clerk will activate and unmute speakers in turn. Speakers will be notified shortly before they are called to speak. D. When called, please limit your remarks to the time limit allotted. E. A timer will be shown on the computer to help keep track of your comments. 2. Spoken public comments using a smart phone will be accepted through the teleconference meeting. To address the Committee, download the Zoom application onto your phone from the Apple App Store or Google Play Store and enter the Meeting ID below. Please follow the instructions B-E above. 3. Spoken public comments using a phone use the telephone number listed below. When you wish to speak on an agenda item hit *9 on your phone so we know that you wish to speak. You will be asked to provide your first and last name before addressing the Committee. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. https://zoom.us/join CLICK HERE TO JOIN Meeting ID: 992-2730-7235 Phone No: 1 (669) 900-6833 City of Palo Alto (ID # 12142) Finance Committee Staff Report Report Type: Action Items Meeting Date: 4/20/2021 City of Palo Alto Page 1 Summary Title: Energy Storage AB 2514 Report Title: Staff and the Utilities Advisory Commission (UAC) Recommendation That the Finance Committee Recommend the Council Decline to Adopt the Energy Storage System Targets and Receive the 2020 Energy Storage Rep ort From: City Manager Lead Department: Utilities RECOMMENDATION Staff and the Utilities Advisory Commission (UAC) recommend that the Finance Committee recommend that Council decline to adopt energy storage system targets under California Assembly Bill (AB) 2514 at this time, and that Council receive the 2020 City of Palo Alto Utilities Energy Storage Report. The CPAU 2020 Energy Storage Report (linked here)1 was also submitted to the California Energy Commission (CEC) in December of 2020. EXECUTIVE SUMMARY California law AB 2514 (2010, as amended) requires all California publicly owned utilities to investigate whether energy storage systems are cost effective every three years (Public Utilities Code § 2836(b)). Most recently in 2017 City of Palo Alto Utilities (CPAU) staff examined energy storage systems,2 determined that they were not cost effective for CPAU, and therefore declined to set energy storage targets. To investigate if energy storage located in the City of Palo Alto was financially beneficial to all customers, CPAU built an economic battery dispatch model and worked on a joint analysis with the Smart Energy Power Association (SEPA) with other publicly owned utilities through the Northern California Power Agency (NCPA) and Sacramento Municipal Utility District (SMUD). The CPAU and SEPA analyses both suggest that for Palo Alto customer-sited energy storage is still not cost-effective from a societal perspective (for the utility and customers in aggregate). Since neither energy storage within the City nor on the transmission system was found to be cost effective for the utility or its customers as a whole, staff recommends declining to set 1 https://efiling.energy.ca.gov/GetDocument.aspx?tn=236202-1&DocumentContentId=69171 2 https://www.cityofpaloalto.org/civicax/filebank/documents/57435 CITY OF PALO ALTO City of Palo Alto Page 2 energy storage system targets at this time.3 Instead CPAU will continue to monitor this rapidly maturing space and continue looking for specific projects which by virtue of their location could provide extraordinary resiliency, lower carbon emissions, and/or lower distribution system costs. Staff is also currently evaluating multiple proposals for utility-scale storage co-located with renewable generation and will move forward with competitive projects that complement CPAU’s existing supply portfolio. In December of 2020 UAC unanimously accepted the staff recommendation to not set energy storage system targets (Staff Report ID #113574). The UAC discussion focused on: 1. Whether utility-scale storage was cost-effective even if small storage was not. Staff responded that CPAU is currently evaluating competitive storage proposals at utility- scale renewable electricity generation sites. 2. What carbon price would be required to make customer-sited energy storage systems cost-effective. Staff responded that there was relatively little carbon saved per dollar in the customer-sited storage sites since installed battery costs are still high and there are losses in the battery. A carbon price higher than $200 per metric ton of carbon dioxide equivalent (MT CO2-e) would likely be needed based on today’s installed battery costs and efficiencies for the residential scenarios examined. The market price for carbon reductions in the electric system,5 which would be the appropriate value for evaluating energy storage, is estimated to be approximately $30 to $60 per MT CO2-e based on the current price of renewable energy in California. 3. How the utility could send appropriate price signals to customers with energy storage to ensure they operated it in a way that was beneficial to the community, utility, and electric grid as a whole. Staff responded that sending the appropriate price signal is exactly what smart meters and smart devices are meant for once those are installed. CPAU submitted the “City of Palo Alto Utilities 2020 Energy Storage Report”6 to the CEC in December 2020. The 2020 report includes: 1) An overview of customer adoption of Energy Storage Systems (ESS) in Palo Alto; 2) Analysis of the cost-effectiveness of customer-sited ESS within Palo Alto; and 3) Next steps for ESS both within Palo Alto and sited at utility-scale renewable generation. BACKGROUND The deployment of ESS in the California electricity sector has grown rapidly in recent years due to declining cost, regulatory mandates for investor-owned utilities (IOUs) to procure and/or provide rebates for customer sited ESSs, availability of reliable system manufacturers/installers, 3 Under state law (PUC 2836(b)), local publicly owned electric utilities like CPAU must analyze the merits of ESS investments periodically and set goals if such investments are cost effective. 4 http://cityofpaloalto.org/civicax/filebank/documents/79337 5 The market price for carbon is lower than the long-term carbon price needed to achieve global emissions reductions to curtail global warming. The latter is significantly higher and includes more expensive emissions reductions not currently being widely implemented. However, because energy storage competes with renewable energy to curtail electricity grid emissions, the market price for carbon is a more appropriate measure. 6 https://efiling.energy.ca.gov/GetDocument.aspx?tn=236202-1&DocumentContentId=69171 City of Palo Alto Page 3 federal tax credits, and increased customer awareness of the benefits ESS7. IOUs have been authorized to collect over $1B from their customers to be spent on the state-mandated storage program for IOU territory, which is called the Self Generation Incentive Program (SGIP). On a very basic level, energy storage systems can be used to allow energy generated at one time to be utilized later. This opens up a number of possible value streams as shown in the CPAU 2020 Energy Storage Report.8 This list of value streams is consistent with other analyses of value streams, such as those shown in the 2017 Rocky Mountain Institute Storage Report.9 Despite energy storage systems being able to provide multiple values, the actual installation of batteries in California has not always been economically or environmentally beneficial. A recent evaluation10 of the Self Generation Incentive Program found that on average commercial storage projects without performance-based incentives increased carbon emissions. This was primarily11 due to commercial customers using their batteries during the times of cleanest electricity and charging their batteries during the times of dirtier electricity (which is typical for maximizing savings from commercial demand charges). DISCUSSION The CPAU and SEPA analyses both suggest that for Palo Alto, customer-sited energy storage is still not cost-effective from a societal perspective (for the utility and customers in aggregate). Details on the analysis and results are in the CPAU 2020 Energy Storage Report. Since neither energy storage within the City nor on transmission system were found to be cost effective for the utility or its customers as a whole, CPAU will not be setting storage goals at this time. Instead CPAU will continue to facilitate customer-funded installations through education and group buy programs, and monitor this rapidly maturing space and continue looking for specific projects which by their location could provide extraordinary resiliency, lower carbon emissions, and/or lower distribution system costs. Staff is also currently evaluating multiple proposals for utility-scale storage located with renewable generation and will move forward with competitive projects that complement our existing supply portfolio. Areas of Unique Value of Energy Storage to CPAU 7 It is estimated battery costs have declined by 50% over the past 3 years, with the corresponding battery ESS cost declining by 30%. Under California Public Utilities Commission (CPUC) mandates, the IOU/CCAs were required to contract for 2,485 MW of ESS by 2020. In addition, CPUC requires IOUs to provide cash rebates to customers installing ESS under the Self-Generation Incentive Program (SGIP). The increased wildfire risks and associated public-safety-power-shutoff measures have increased the customer’s need for back-up power sources, which ESS are well suited to provide. 8 https://efiling.energy.ca.gov/GetDocument.aspx?tn=236202-1&DocumentContentId=69171 9 https://rmi.org/wp-content/uploads/2017/03/RMI-TheEconomicsOfBatteryEnergyStorage-FullReport-FINAL.pdf 10https://www.cpuc.ca.gov/uploadedFiles/CPUC_Public_Website/Content/Utilities_and_Industries/Energy/Energy_Programs/D emand_Side_Management/Customer_Gen_and_Storage/2017_SGIP_AES_Impact_Evaluation.pdf 11 10% of the emissions increase was due to parasitic losses within the battery, but 90% of the emissions increase was due to the commercial customers operating the batteries to lower their utility demand charges rather than lower carbon or wholesale energy costs. City of Palo Alto Page 4 Although the current analyses suggest energy storage within CPAU territory is not financially beneficial to all customers, there are a number of factors which could change this in the future. These factors do not currently outweigh the costs of storage, but there is the potential for this to change in the future based on: higher future resiliency value to community, statewide energy supply shortages or interruptions, different structure proposed for transmission charges, and rapid electrification of particular residential neighborhoods. Factors which would Improve Future Energy Storage Value to CPAU & Customers 1. Increased community value of local resiliency: The recent electricity supply shortages at the state level and potential future disruptions from large-scale regional wildfires could lead the community to elect to pay a premium for local electricity storage. 2. Insufficient distribution system capacity in residential areas: Energy storage could help distribution system costs, in particular for neighborhoods rapidly switching to all electric homes which also have a high penetration of electric vehicles. Where there is not currently enough distribution system capacity, batteries may have the potential to be leveraged as “non-wires solutions” if exercised appropriately. 3. Increased wholesale value of flexible resources: The recent supply shortages at the state level could indicate that flexible electricity generation is currently underpriced and undervalued. Flexible resources such as batteries could be worth more in the future if this trend holds, especially as more natural gas generation is retired in California. 4. Reconfiguration of transmission charges: The primary transmission operator of California is considering redistributing transmission charges in a way which would make flattening electricity demand more valuable. This would increase the value of storage as one way to flatten electricity demands, at a City level. 5. CPAU’s Hourly Carbon Neutral Standard: In August 2020 CPAU adopted an hourly carbon neutral accounting standard. This will ensure that the technologies such as energy storage which can store the lowest carbon hours and then help the grid during the highest carbon hours are properly valued when making investment decisions. 6. Solar Net Energy Metering Rate: Since Palo Alto compensates new solar customers at the value to the utility for the solar exported to the grid, if the value of electricity continues to decline during the day, the value of local solar exported to the grid may decline as well. If the difference between the retail rate of electricity and the value of local solar electricity exported to the grid increases in the future, this will increase the value of local energy storage to customers. Key Differences in Energy Storage Value between CPAU and PG&E City of Palo Alto Page 5 Since two separate analyses suggest that energy storage is not currently financially beneficial to CPAU and its customers, it is important to understand why it is considered beneficial for the investor-owned utilities (IOUs) which are required to invest in and subsidize energy storage for their customers. Some of the key differences between CPAU and the IOUs such as PG&E which are required to invest in storage systems via the SGIP are shown below. 1. Distribution System Deferral: Lower value for CPAU than PG&E. a. The City’s electric distribution system is not currently constrained since electricity sales are 30% below historical peak due to aggressive efficiency, high customer adoption of solar, departure of industrial loads, lack of other load growth, and lower summertime temperatures. b. Staff will continue to investigate specific locations on the residential side of the distribution system for opportunities for distribution deferral, especially in neighborhoods switching to all electric homes and with high penetration of electric vehicles. 2. Back-up Power for Outages & Power Safety Power Shutoff Events: Lower value for CPAU than PG&E. a. CPAU’s territory is mostly urban, non-mountainous terrain, lower fire-risk and fewer distribution miles per customer, therefore limited customers are affected by PSPS. CPAU also has relatively few outages. 3. Time-of-Use (TOU) Rate Bill Management: Lower value for CPAU than PG&E. a. There is no Residential TOU rate as CPAU does not yet have smart meters installed and therefore cannot distinguish when during the day electricity is being used. Price differentials for TOU pilot rates in Palo Alto have historically been small, though this may have changed marginally in recent years. i. CPAU expects to have smart meters deployed by 2024. ii. Staff is exploring ways to control smart electric vehicle charging, smart building management systems, and smart thermostats to leverage flexible demand response programs. Connected batteries would be eligible in any pilot. iii. TOU rate design will be an important topic in a future electric cost of service study. b. The price differential in the current CPAU commercial TOU rate is small. i. Staff will be evaluating this in the next electric cost of service study as well. 4. Utility-scale Transmission-Connected Energy Storage: Lower value for CPAU than PG&E. a. CPAU owns highly flexible load-following hydroelectricity, which provides ~15% of its electric supply. b. CPAU has already entered into long-term contracts for carbon-free resources that will supply ~110% of its electricity needs through 2024. If CPAU were currently City of Palo Alto Page 6 contracting for new renewable resources, the economics of bundling in utility scale storage during construction would be more advantageous. Comparison of Planned Storage Expenditures between CPAU and PG&E Territory A comparison between CPAU and the surrounding IOU PG&E Self Generation Incentive Program (SGIP) on the basis of authorized budget and on key aspects are below. Customer-sited storage: • 87% of the total PG&E SGIP funding dedicated to customer-sited energy storage is reserved for high fire risk customers, those who have had multiple PSPS events in the last two to three years, and or low-income customers. CPAU has very few customers with high fire risk and has relatively few customers who are both low income and have high fire risk. • A comparison of the remainder of the dedicated SGIP funding12 shows that: o An equivalent pro rata amount of funding dedicated to customer-sited energy storage would be $500k in total for CPAU, which would roughly translate to 220 kW / 590 kWh of customer-sited batteries installed in CPAU territory. o As of 2020, Palo Alto already has 240 kW / 648 kWh in residential batteries installed and 1,000 kW / 2,020 kWh commercial customer-sited batteries. • For customer-sited energy storage, CPAU customers appear to be investments on their own, which could call into question whether utility intervention to further stimulate demand is required in this market. Large-scale or transmission grid-tied: • An equivalent amount of funding allocated for transmission/wholesale interconnected storage would be about $1.3M and would roughly translate into 1.1 MW / 4.4 MWh of transmission grid-tied batteries installed. • Palo Alto is evaluating competitive transmission grid-tied projects in the 5 MW / 20 MWh range. PUBLIC ENGAGEMENT Resiliency, lowering costs, and lower carbon emissions are core values of CPAU. CPAU will engage the public as needed on the topic of energy storage in the S/CAP process and as part of any other local discussions on resiliency as they relate to energy storage. NEXT STEPS After the Finance Committee, the recommendation will be presented to Council. If Council accepts the staff recommendation CPAU will not set any energy storage system targets at this time. Staff is evaluating transmission grid-tied storage located at utility-scale renewables. CPAU will also consider utility scale and behind-the-meter storage as supply portfolio options in the 12 This includes funds not already made available, but earmarked for SGIP through authorized collections. City of Palo Alto Page 7 2024 Electric Integrated Resource Plan. Staff will also continue evaluating specific local projects which due to their location could provide extraordinary resiliency, lower carbon emissions, or distribution system value. There are six key areas that staff will continue to explore as these will have the highest value to CPAU and its customers: 1. Examine using flexible loads to avoid or minimize future rotating outages: Flexible loads have many of the benefits of energy storage but are much less expensive than purchasing standalone batteries or other energy storage. The recent electricity supply shortages at the state level indicate that flexible electricity loads such as storage, flexible EV charging, flexible building management systems, smart thermostats and smart heat-pump water heaters may currently be undervalued. Staff will be examining ways to use flexible electricity loads to minimize the risk and severity of rotating outages in the future. This could be configured as an Automatic Demand Response program or a Virtual Power Plant. It is important to note that flexible loads like these programs reduce the likelihood and magnitude of future rotating outages, but if Palo Alto is called upon to shed load for the reliability of the statewide grid, CPAU will have to initiate the outages mandated. 2. Examine investing in flexible electrification to create distributed thermal energy storage: Electrification of space and water heating has the potential to decrease carbon emissions even more if these systems use electricity during the cleanest hours of the day and coast through the highest emission hours of the day, since heat-pump water heaters and buildings can pre-heat when residents are not home and then maintaining their temperatures with excellent insulation. CPAU is already incentivizing electrification of space and water heating and could add extra incentives to those systems which can be dispatched to follow the cleanest hours on the grid. 3. Evaluate local energy storage at existing local solar for resiliency: Explore partnering with emergency services to add storage to existing local solar sites at City facilities. Storage could be used to mitigate the risk and severity of potential supply shortages in addition to catastrophic emergencies. The combination of solar plus storage may also be able to contribute to resiliency needs in a highly electrified environment, such as would result if the City’s Sustainability and Climate Action Plan (S/CAP) goals were achieved. 4. Continue to evaluate competitive proposals for energy storage at utility-scale renewable generation: CPAU is currently evaluating multiple proposals for energy storage sited at utility-scale renewable generation and will move forward with any proposals that are found to be economic and a good fit for the electric supply portfolio. 5. Continue to evaluate financial and physical integration of storage and flexible loads: CPAU is evaluating both the physical impacts of energy storage and flexible loads on utility distribution system operations as well as the costs and benefits to the utility’s financial position and other ratepayers. In particular, as the industry evolves, staff will evaluate the City of Palo Alto Page 8 impact of storage and flexible loads on cost-of-service rate design and make adjustments if needed. 6. Evaluate the potential resiliency needs of an electrified community (one in which the Sustainability and Climate Action Plan goals are fully implemented) and the role energy storage may need to play: CPAU continues to evaluate current and future resiliency needs, including the potential role of energy storage. RESOURCE IMPACTS The pace of the projects outlined above will be dictated by staffing availability as Utilities continues to prioritize safety, reliability and sustainability. The staff and resources needed if we were to decide to launch a pilot Automatic Demand Response program would likely be at least 0.5 FTE and $100k for the first year. Staffing and resources would need to be identified through a reprioritization of existing staff and resources or potentially other contracting arrangements. POLICY IMPLICATIONS Energy storage is a key technology to enable increased penetration of renewable energy in California and, when installed in customer premises, reduce their utility use. These two aspects conform to Utilities Strategic Plan objectives and Council policy on environmentally sustainable development. ENVIRONMENTAL REVIEW Council acceptance of staff and UAC’s recommendation to decline to adopt energy storage system targets under California Assembly Bill (AB) 2514 at this time, and that Council receive the 2020 City of Palo Alto Utilities Energy Storage report, is not a project requiring environmental review for the purpose of the California Environmental Quality Act, because these are administrative activities of government that will not result in direct or indirect physical changes in the environment (Cal. Code Regs. Tit. 14 Sec. 15378(b)(5)). City of Palo Alto (ID # 12169) Finance Committee Staff Report Report Type: Action Items Meeting Date: 4/20/2021 City of Palo Alto Page 1 Summary Title: Storm Water Management Fee Increase for FY2022 Title: Adoption of a Resolution Amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage) Reflecting a 2.0 Percent Consumer Price Index Rate Increase to $15.34 Per Month Per Equivalent Residential Unit for Fiscal Year 2022 From: City Manager Lead Department: Public Works Recommendation Staff recommends that the Finance Committee recommend that the City Council adopt the attached resolution (Attachment A) amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage), to implement a 2.0% rate increase for the Storm Water Management Fee consistent with the applicable Consumer Price Index, increasing the monthly charge per Equivalent Residential Unit (ERU) by $0.30, from $15.04 to $15.34 for Fiscal Year 2022. Background On April 11, 2017, a majority of Palo Alto property owners approved a ballot measure authorizing a monthly Storm Water Management Fee to fund storm drain capital improvement projects, enhanced maintenance of the storm drain system, storm water quality protection programs and more. Council certified the results of the ballot proceeding on April 17, 2017. The approved ballot measure contained an annual fee escalator clause that permits the Council to consider raising the Storm Water Management Fee each year to account for inflationary cost increases. Specifically, the ballot measure stated that: “In order to offset the effects of inflation on labor and material costs, the maximum rate for the Storm Water Management Fee (and each component of the Storm Water Management Fee) will be increased annually each July 1 (beginning July 1, 2018), by the lesser of (i) the percentage change in the Consumer Price Index [CPI] for the San Francisco-Oakland-San Jose CSMA, published by the United States Department of Labor, Bureau of Labor Statistics during the prior calendar year or (ii) 6%. The City Council would have the authority to set the rate for the Storm Water Management Fee (and each component of the Storm Water Management Fee) at any rate that is less than or equal to the inflation adjusted maximum rate.” CITY OF PALO ALTO City of Palo Alto Page 2 On June 22, 2020, Council adopted a resolution to implement the Storm Water Management Fee to be $15.04 per month per ERU, effective July 1, 2020; this reflected a 2.5% from prior year rates. Discussion Staff has determined from Bureau of Labor Statistics records that the local CPI for the San Francisco-Oakland-San Jose CMSA increased by 2.0% between December 2019 and December 2020. As the CPI rate is substantially lower than 6%, consistent with the ballot measure, staff recommends that the Storm Water Management Fee be increased by the CPI in order to keep fund revenues consistent with general cost increases and to provide sufficient funds for planned storm water management capital and operating expenditures, including thirteen capital improvement projects identified in the 2017 Storm Water Management Fee ballot measure. To enact the Storm Water Management Fee increase, Council must adopt the attached resolution amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage). The new rate for the Storm Water Management Fee will be $15.34 per month per ERU. Single- family residential properties are billed a monthly amount based on parcel size, in accordance with the following table: RESIDENTIAL RATES (Single-Family Residential Properties) PARCEL SIZE (sq.ft.) ERU < 6,000 sq.ft. 0.8 ERU 6,000-11,000 sq.ft. 1.0 ERU > 11,000 sq.ft. 1.4 ERU Commercial, industrial, institutional, and multi-family residential properties are billed monthly at a rate of 1.0 ERU for each 2,500 square feet of impervious surface on the parcel. Timeline The Storm Water Management Fee increase will take effect on July 1, 2021. Resource Impact The 2.0 percent increase in rates is expected to increase annual revenue to the Stormwater Management Fund by approximately $152,000 and, if recommended, will be reflected in the Public Works Department Stormwater Management Fund Fiscal Year 2022 Operating Budget revenue. Stakeholder Engagement Staff presented the 2.0% rate increase to the Storm Water Management Oversight Committee on April 1, 2021 (Agenda and Meeting Packet) as a preliminary proposed base budget item for the development of the Fiscal Year 2022 Stormwater Management Fund Operating Budget. The Committee consists of seven members from the public and was established to review proposed stormwater management capital improvements and operating programs to be funded from the Stormwater Maangement Fees and to monitor expenditures of the fund. City of Palo Alto Page 3 Environmental Review The Finance Committee’s recommendation to Council to consider adopting this change to the Storm Water Management Fee 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 the California Environmental Quality Act (CEQA), pursuant to California Public Resources Code Sec. 21080(b)(8) and Title 14 of the California Code of Regulations Sec. 15273(a). Attachments: • Resolution Amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage) Attachment A 6055501 1 NOT YET APPROVED Resolution No. _______ Resolution of the Council of the City of Palo Alto Amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage) Increasing the Storm Water Management Fee by 2.0 Percent Per Month Per Equivalent Residential Unit for Fiscal Year 2022 The Council of the City of Palo Alto RESOLVES as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule D-1 (Storm and Surface Water Drainage) is hereby amended to read in accordance with sheet D-1-1, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2021. SECTION 2. The Council finds that this rate increase is being imposed to offset the effects of inflation on labor and material costs pursuant to the annual inflationary fee escalator provision of the Storm Water Management Fee ballot measure, which was approved by a majority of Palo Alto property owners on April 11, 2017. SECTION 3. The Council finds that the revenue derived from the authorized adoption enumerated herein shall be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. / / / / / / / / / / / / / / / / / / / / Attachment A 6055501 2 SECTION 4. The Council finds that the adoption of this resolution changing the Storm Water Management Fee 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 the California Environmental Quality Act (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: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: __________________________ _____________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ _____________________________ Assistant City Attorney City Manager _____________________________ Director of Public Works _____________________________ Director of Administrative Services GENERAL STORM AND SURFACE WATER DRAINAGE UTILITY RATE SCHEDULE D-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-2021 Supersedes Sheet No.D-1-1 dated 7-1-2020 Sheet No. D-1-1 A. APPLICABILITY: This schedule applies to all Storm and Surface Water Drainage Service, excepting only those users and to the extent that they are constitutionally exempt under the Constitution of the State of California or who are determined to be exempt pursuant to Rule and Regulation 25. B. TERRITORY: Inside the incorporated limits of the City of Palo Alto and land owned or leased by the City. C. RATES: Per Month: Storm Drainage Fee per Equivalent Residential Unit (ERU) ............................................ $15.34 D. SPECIAL NOTES: 1. An Equivalent Residential Unit (ERU) is the basic unit for computation of storm drainage fees for residential and non-residential Customers. All single-family residential properties shall be billed the number of ERUs specified in the following table, based on an analysis of the relationship between impervious area and lot size for Palo Alto properties. RESIDENTIAL RATES (Single-Family Residential Properties PARCEL SIZE (sq.ft.) ERU <6,000 sq.ft. 0.8 ERU 6,000 - 11,000 sq.ft. 1.0 ERU >11,000 sq.ft. 1.4 ERU All other properties will have ERU's computed to the nearest 1/10 ERU using the following formula: No. of ERU = Impervious Area (Sq. Ft.) 2,500 Sq. Ft. 2. For more details on the Storm Drainage Fee, refer to Utilities Rule and Regulation 25. {End} 0 CITY OF PALO ALTO City of Palo Alto (ID # 12170) Finance Committee Staff Report Report Type: Action Items Meeting Date: 4/20/2021 City of Palo Alto Page 1 Summary Title: Regional Water Quality Control Plant Wastewater Treatment Fund Capital Program Update Title: Regional Water Quality Control Plant Wastewater Treatment Fund Capital Program Update From: City Manager Lead Department: Public Works Recommendation Staff recommends that the Finance Committee review the near-term capital improvement program for the Regional Water Quality Control Plant (RWQCP) Wastewater Treatment Fund. Background The RWQCP, originally constructed in 1934, has undergone several expansions and upgrades. The RWQCP is now an advanced (tertiary treatment) facility that provides treatment and disposal of wastewater for Palo Alto, Mountain View, Los Altos, Los Altos Hills, East Palo Alto Sanitary District, and Stanford University. The RWQCP has a capital improvement program (CIP) to re-invest in or replace aging infrastructure. The Wastewater Treatment Fund infrastructure is owned by Palo Alto and supported by its partner agencies. The Plant’s core infrastructure was built in 1972 with tanks, pumps, large pipes, industrial buildings, acquisition of additional land, and complex mechanical and electrical systems. The 1972 Plant had major capital additions in 1980 and 1988. From 1999 to the present, staff has managed an ongoing $1.9 to $3.4 million annual CIP reinvestment in aging infrastructure funded on a recurring basis through the partner agreements; the recurring capital budget is increased by an annual inflation index first approved by partner agencies in 1998. Key projects are listed below with major debt financed/grant funded projects in 1972, 1980, 1984, 1988, 1999, 2009, 2010, and 2019. Debt service for larger projects financed through loans or bonds is provided through amendments to the partner agreements. Typical useful life of Plant infrastructure is 30 years for mechanical and electrical gear with most of the Plant at or beyond its useful life. The capital program is a critical commitment to replace and improve aging systems for reliable wastewater treatment. CITY OF PALO ALTO City of Palo Alto Page 2 Table 1: Completed Capital Work 1972 – 2021 Project Funding Expense (million $) 1972 Regional Water Quality Control Plant Federal Grants/Bonds $11.2 1980 Advanced Wastewater Treatment Facility Federal Grants/Operating $10.3 1984 Dewatering and Cogeneration Project Utility Revenue Bond $1.1 1988 Capacity Expansion Project Utility Revenue Bond $9.7 1984 – 1998 miscellaneous projects (note 1, 2) Recurring Capital Budget $7.8 1999 – 2021 miscellaneous projects (note 1, 3) Recurring Capital Budget $50.5 1999 Sludge Incinerator Rehabilitation Utility Revenue Bond $7.5 2009 Recycled Water Pipeline California SRF Loan (note 4) $19.4 2010 Ultraviolet Disinfection Facility California SRF Loan $8.6 2019 Sludge Dewatering/Truck Loadout Facility California SRF Loan $29.2 Subtotal $155 Note 1: Per audited financial statements Note 2: CIP could not exceed 2% of total capital investment of Plant 10/10/68 to 6/30/99 Note 3: Recurring CIP allowance of $1.9 million established in base year FY99; annual consumer price index (CPI) increase of recurring amount increased to $3.3 million in FY21 Note 4: State Water Resources Control Board State Revolving Fund (SRF) Program Discussion The RWQCP’s Long Range Facilities Plan (LRFP) identifies additional projects that are needed to rebuild and revitalize the facility, with recommended projects expected to cost between $315 to $392 million (2015 dollars). The LRFP was accepted by the City Council on July 2, 2012 (SR #2914). Implementation of the LRFP is managed by a CIP team of staff engineers, support staff, and a program manager (Woodard & Curran) (see SR #11612). Near-term project work commenced and is listed below with latest project costs and status. Work to reline 2,364 linear feet of the more deteriorated section of the 72-inch joint intercepting sewer is not listed but in early stages of development. Longer-term work from the LRFP that is not listed below includes: (a) complete relining of the remaining 6,636 linear feet of the less deteriorated sections of the 72-inch joint intercepting sewer, (b) a dual media filter facility overhaul, (c) recycled water filters, storage, and booster station overhaul, and (d) potential ozonation or other advanced facilities for advanced treatment of toxic pollutants. City of Palo Alto Page 3 Table 2: Current Capital Work In-Progress Project Status Expected Funding Expense (million $) Primary Sedimentation Tanks Rehabilitation and Equipment Room Electrical Upgrade (WQ-14003) Awarding Construction SRF Loan $19.4 Outfall Line Construction (WQ- 19000) 100% Design / Re-evaluation for Future Levee Height SRF Loan $11.1 Secondary Treatment Upgrades (WQ-19001) 60% Design Complete SRF Loan / USEPA Loan $146.0 Advanced Water Purification System (WQ-19003) Design Started Valley Water/Mountain View/Palo Alto $20.0 New Laboratory and Environmental Services Building (WQ-14002) Advanced Planning Revenue Bond $57.0 Headworks Facility Replacement (WQ-16002) Budgeted SRF Loan $48.0 Projects in Progress (WQ-19002) Varies Operating Capital Budget $8.3 Subtotal $310.0 The RWQCP capital program requires both the recurring CIP funding as well as debt-financed instruments for larger projects. The 10-year financial forecast is shown below. Significant new annual debt service (for the above listed projects) will commence at various times over the next ten years as new capital improvements are realized (see Timeline section below for details of debt timing). City of Palo Alto Page 4 The City Council, on June 22, 2020, adopted the City’s Capital Budget (CMR #11330), which included the Wastewater Treatment Fund’s multi-year capital expenditure plan. Included in this plan were capital improvement projects consistent with the RWQCP’s LRFP. The projects include: 1) WQ-14003 Primary Sedimentation Tank Rehabilitation and Equipment Room Electrical Upgrades; 2) WQ-19000 Outfall Line Construction; 3) WQ-14002 New Laboratory and Environmental Services Building; 4) WQ-19001 Secondary Treatment Upgrades; 5) WQ-19003 Advanced Water Purification System; 6) WQ-19002 Plant Repair, Retrofit, and Equipment Replacement; and 7) WQ-16002 Headworks Facility Replacement. Estimated Expenses FY2021-2031 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- FY 2021 FY 2022 FY 2023 = Debt to Annual Expenditure Budget -Existing Debt Service -Treatment Operations & Existing CIPs Projection+ Planned CIP FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 = Overall Percentage Change -Planned Debt Service -MinorCIP -Treatment Operations -Treatment Operations & Planned CIPs FY 2031 City of Palo Alto Page 5 Recent project status is included below. WQ-14003 Primary Sedimentation Tank Rehabilitation & Equipment Room Electrical Upgrades The Project rehabilitates the four concrete primary sedimentation tanks and their ancillary systems and extends their useful life at least another 30 years. The scope of work includes the following for all four tanks: repair cracked and spalling concrete on the tank’s floors, walls, and covers; apply a new protective coating to the tank walls, ceilings, and covers; upgrade primary sedimentation tank area lighting with LED light fixtures; replace hatch and drainage covers on the top deck; install a flight and chain monitoring system for the primary sludge raking mechanisms; replace effluent flow diversion gates; and replace aging motor control centers, (i.e., electrical power distribution equipment) relocating them to a pre-engineered building adjacent to the sludge pump room. The design consultant is Kennedy / Jenks Consultants. In May 2021, staff will bring to Council a recommendation for approval of the project’s construction contract and approval of a resolution for the SRF loan to cover the design and construction costs of the project. Additionally, Council will be asked to approve amendments to three partner agreements covering loan repayment with Mountain View, Los Altos, Stanford, and the East Palo Alto Sanitary District. Construction is expected to be completed in December 2023. WQ-19000 Outfall Line Construction The RWQCP has one 54-inch diameter outfall line to convey treated effluent from the RWQCP to the Bay, traversing the Palo Alto Airport property. The existing outfall pipe was installed in 1964. The LRFP identified the need for a new outfall due to insufficient capacity in the existing outfall due to sea level rise impacts, high king tides, wet-weather events, and generally insufficient flow capacity in the existing pipe. Design, permitting, and California Environmental Quality Act (CEQA) work is complete for a new 63-inch pipeline to supplement the capacity of the rehabilitated 54-inch pipeline. However, the project is currently delayed. The US Army Corp of Engineers has developed draft feasibility studies for a levee project surrounding the Bay and the low-lying areas of Palo Alto. These draft studies highlight impacts on the future alignment and height of the levee around the Palo Alto Airport. Future levee height changes (e.g., potentially two feet or higher) impact the departure and landing angles used to determine aeronautical safety. A potential runway shift to ensure safe takeoff and landings might be triggered by a future levee height increase; the change impacts the depth and top soil height of the new outfall pipeline, requiring it potentially to be deeper than it is currently designed. A re-evaluation of the new outfall depth will be made by the City’s consultant (Kennedy / Jenks Consultants) after gathering technical information. After the re-evaluation of outfall pipeline depth, it may be necessary to return to Council for a design fee amendment with the consultant Kennedy / Jenks Consultants. The re-evaluation and potential redesign of the outfall pipe is City of Palo Alto Page 6 likely to add 12 to 18 months to the project schedule. An SRF loan is currently approved by the State for this project, however due to the delay, this financing may need to be increased (e.g., for construction cost escalation, a deeper pipeline, etc.). The project remains on the funding list and will remain eligible for financing if progress continues on the potential redesign, however a new state credit review may be required. WQ-14002 New Laboratory and Environmental Services Building The scope per the LRFP for this project was to take staff and equipment from existing RWQCP buildings and move them into a new Operations Center for technical, lab, pretreatment, and operations staff. An architect was hired in early 2019 to complete a full design for an Operations Center. However, in 2019, an early construction cost estimate for total project cost was $57 million, which was much higher than anticipated in the LRFP. The ancillary design fee increase request from the architect and the substantially increased overall total project cost led staff to release the architect from the contract at a point where the work completed was still useful for later planning and design efforts. The restart, while unfortunate, has enabled staff to strategize some advanced planning opportunities before restarting a full design approach for future staff buildings. This re-evaluation will be an advanced planning analysis and include remodeling current operations and/or administration buildings, procurement possibilities for a supplemental real estate, office lease options, as well as a full design by an architect for new building including (a) a lab-only building, (b) a technical services building for lab, pretreatment, and technical staff, or (c) an operations center for lab, pretreatment, technical, and operational staff. Staff is evaluating these options in the context of work condition changes in light of the current pandemic as well as the most economical and long term fiscally prudent investments. WQ-19001 Secondary Treatment Upgrades Upgrading the secondary treatment process (biological process) to a process that removes harmful nitrogen will be accomplished by creating anoxic and aerated zones in existing aeration basins. The project will improve final water quality, ensure the Plant continues to meet effluent discharge permit limits, and allow for ultimate decommissioning of the aging biotrickling filters and other aging equipment. The project includes new air blowers; air diffusers in aerobic zones; anoxic zone pulsed air equipment; membrane aerated biofilm reactor cassettes; slide and sluice gates and valves to isolate and throttle flows; instruments such as flowmeters and oxygen probes; power distribution equipment including standby diesel generator and power transfer equipment; and return activated sludge piping and pumping. On September 10, 2018, Council approved a professional services contract (SR #9485) for design services with Brown and Caldwell for the Secondary Treatment Upgrades Project (WQ- 19001). The project adds treatment technology to remove nitrogen to address new regulatory requirements as well as to replace 41- to 49-year old aging infrastructure that is beyond its useful life. The contract was amended December 7, 2020 to add additional services (SR #11155). City staff plan to work with State SRF and USEPA Water Infrastructure Finance and Innovation City of Palo Alto Page 7 Act (WIFIA) program financial staff to secure project financing. Design completion is anticipated in October 2021. If WIFIA co-financing is pursued, staff will seek Council approval of WIFIA loan issuance costs later this year (approximately $310,000). WIFIA loan closing is typically five to six months after the loan application is submitted; the WIFIA application and application fee is due by December 15, 2021. Solicitation for a construction contract will commence in mid- to late calendar year 2022, after securing project financing. In early 2023, staff will return to Council for approval of the final loan(s), the approval of a construction contract, and approval of amendments to RWQCP partner agreements. Construction completion is expected in 2026. If SRF financing eligibility is delayed one year to 2023, construction completion is delayed to 2027. WQ-19003 Advanced Water Purification System The project improves the quality of the RWQCP’s recycled water used for irrigation and other purposes. The project is an advanced treatment system, initially sized for 1.125 million gallons per day, and potentially expandable to 2.25 million gallons per day of recycled water. In March 2021, Council approved the project’s design services contract with Black & Veatch (SR #11782). Construction is expected to be completed in 2025. The Preliminary/Conceptual Design Report estimated the project to cost $20 million in 2017 dollars. Project funding is a partnership agreement between Valley Water, Mountain View, and Palo Alto, with Valley Water providing the largest share ($16 million) of the funding, and the Mountain View and Palo Alto portions split 75% Mountain View, 25% Palo Alto. Palo Alto’s share, estimated to be $1 million, would be funded by water and wastewater utilities (SR #10627). The City has also applied for State SRF loan financing to cover the project’s design and construction costs above and beyond the $16 million Valley Water contribution. WQ-19002 Plant Repair, Retrofit, and Equipment Replacement Using ongoing, recurring funding from partner agencies, minor capital improvement projects are financed and constructed. They are reimbursed based on the annual operating share of the budget (about 35% for Palo Alto). Current projects include a recoating for the sludge blending tank ($310,895) and replacement of two secondary clarifier mechanisms ($2,231,900). These smaller projects are designed by consultants or in-house staff. One key project is the Medium Voltage Electrical Distribution Loop Rehabilitation project (aka, 12kV Loop Rehab) to replace buried underground cable, switches, and a primary metering cabinet. The 65% design has been completed by Salas O’Brien; the 65% cost estimate for construction is $6,901,500. The project will require specialized construction inspection of high voltage equipment. WQ-16002 New Headworks Facility The new Headworks Facility will replace the existing influent junction box, and two raw sewage pump stations built in 1956 and 1972, respectively. The Headworks will consist of new preliminary treatment equipment (large opening bar screens, fine screens, grit removal, and odor control) followed by a raw sewage lift pump station, discharging into a new pressurized “force main” between the lift station and the primary sedimentation tanks. All new equipment City of Palo Alto Page 8 will be provided with new electrical power distribution, backup power, and state of the art controls. The project is on the list of major CIP projects outlined in the LRFP. The project is in the planning stage. Staff anticipates putting out an RFP for the design services contract in 2022. Staff will also apply for a state SRF loan to cover the design and construction costs of the project. RWQCP On-Call Construction Management and Inspection Services To support the construction management and inspection service needs of the RWQCP capital program, staff expects to bring to Council in May 2021 a set of contracts with multiple construction management firms. These firms will be pre-selected to provide cost proposals for the RWQCP capital program, which saves time on soliciting future proposals for each CIP project. The price of the recommended firm will be brought to Council for approval, typically in conjunction with approval of the construction contract, as an amendment to the construction management firm’s compensation schedule. Construction management costs have been budgeted with each capital project. Capital Program Delivery Risks Programmatic risks impacting delivery of capital projects include technical, schedule and sequence, financial, staffing, and logistical issues. Technical risks include, for example, difficulties assessing and rehabilitating infrastructure that is in operation 24/7. Furthermore, project priorities sometimes change when systems are evaluated to be at greater risk of failure. Schedule and sequence risks include the SRF loan program delaying the ability to start construction if the low-interest loan program scores a project lower than is required to get financing for a particular year; the project is then rolled over to the following year for SRF loan consideration. The SRF’s minimum qualifying score changes every year depending on the number of applications and associated amounts of loan applied. Key project interdependencies impacting schedule include the following: • The Primary Sedimentation Tank Rehabilitation and Equipment Room Electrical Upgrades Project (WQ-14003) must complete work prior to the 12kV Electrical Upgrades Project (WQ-19002) and the Secondary Treatment Upgrades Project (WQ-19001). Also, the 12kV Electrical Upgrades Project (WQ-19002) must precede the Secondary Treatment Upgrades project (WQ-19001). • A replacement raw sewage pump station odor control system (WQ-19003 Phase 1) must be installed before the full Advanced Water Purification System (WQ-19003 Phase 2) construction groundbreaking can commence. Implementing the two phases of the Advanced Water Purification System creates potentially complicating project scheduling and financing issues. City of Palo Alto Page 9 If one of the projects above is delayed, it can put a large amount of later capital work at schedule and cost risk. Some projects require a greater level of coordination with internal and external stakeholders. For example, the Outfall Pipeline is a project with significant outside coordination. Stakeholder coordination and expectations may contribute to capital program delivery risk (e.g., communication issues, inadequate staffing, insignificant outreach, changing technical standards, interference with a new project, changing regulatory requirements, etc.). Key capital delivery stakeholders include (a) regulators (e.g., Federal Aviation Administration, Bay Area Air Quality Management District, Regional Water Quality Control Board, US Army Corps of Engineers, etc.), (b) internal City departments (e.g., budget staff, attorney’s office staff, purchasing division staff, planning staff, etc.), (c) partner agencies, and (d) RWQCP neighbors (e.g., Palo Alto Airport, landfill, Baylands Nature Preserve stewards and advocates, etc.). Financial risks and considerations to plan for include changing loan interest rates, cash flow needs and limitations to pay contractors prior to reimbursement from lenders, and the need to forecast expenses to help Palo Alto and partner agencies establish rate planning efforts. Staff is working to develop debt service and cashflow options for the very significant future Secondary Treatment Upgrade project (WQ-19001), which is scheduled to begin in 2024. Partner agreements extend either indefinitely and, at minimum, are extended and terminate no earlier than the repayment of all debt. Any partner agency that may desire to exit the agreement would need to identify a replacement site and construct their own wastewater treatment plant within their jurisdiction, and this is extremely cost prohibitive due to the cost efficiencies of a joint endeavor. Other risks to consider and mitigate for are delays to construction start that can impact established project budgets; planning for differences in costs between estimates, project budget, and bid results; changes in scope and the construction environment can introduce timing issues into the scale and scope of work that is already defined; and securing financing together while coordinating a loan application with a partner agreement. Logistical issues include coordinating multiple onsite contractors. Staging and laydown areas at the RWQCP are limited. Temporary bypass pumping operations and detailed construction sequencing at a 24/7 operation are significant challenges for designers and onsite staff that must plan a rebuild of an aging plant while continuing to safely treat and maintain existing wastewater treatment infrastructure during construction (e.g., during the 39-month long Secondary Treatment Upgrades project). Cumulatively, the risks stated above represent a significant undertaking requiring the management and support of a variety of City staff functions beyond the project team to ensure that human and financial resources are directed effectively with appropriate controls and contingencies addressed. This is an ongoing effort involving primarily Public Works, Administrative Services, Human Resources, the City Attorney’s Office and City Manager’s Office. City of Palo Alto Page 10 Comparison to Neighboring Agencies The $310 million (2021 dollars) RWQCP capital program highlighted herein is similar to neighboring wastewater treatment capital programs. These programs are also using USEPA WIFIA, State SRF programs, and revenue bonds for financing. Some neighboring agencies are shown below with the size of their capital programs. Table 3: Comparison Agency CIP Programs Project CIP Program (million, $) Residential Population Served San Jose (10-year CIP for Regional Wastewater Treatment Facility) $1,400 1,400,000 Sunnyvale Clean Water Program $450 152,770 Silicon Valley Clean Water RESCU Program (Redwood City) $495 220,000 San Mateo Clean Water Program $991 140,000 Palo Alto Regional Water Quality Control Plant CIP $310 236,000 Timeline From a financing perspective, the low interest state SRF and USEPA WIFIA loan payments start one year after construction completion. Assuming SRF and WIFIA financing, the annual total projected expense for the Wastewater Treatment Fund, which includes new debt service, is shown below. Table 4: Wastewater Treatment Fund (WWT) Total Cost1 Fiscal Year Total WWT Fund Cost Percent Change Key Project Debt Added 2022 $31,576,000 1.2% 2023 $33,081,000 4.8% 2024 $35,895,000 8.6% Outfall WQ-19002 Lab & Environmental Services Building WQ-14002 2025 $38,764,000 8.1% Primary Sedimentation Tank Rehab WQ-14003 2026 $39,608,000 2.2% 2027 $46,668,000 18.0% Secondary Treatment Upgrades WQ-19001 2028 $47,716,000 2.3% 2029 $50,897,000 6.7% Headworks WQ-16002 2030 $51,432,000 1.8% 2031 $52,397,000 1.9% 2032 $52,838,000 0.8% 1 Advanced Water Purification System project not included due to Valley Water funding City of Palo Alto Page 11 Resource Impact The Public Works Department is currently seeking funding for the projects planned in the Wastewater Treatment Fund Capital Improvement Program through three primary sources: 1. State SRF loans 2. USEPA WIFIA loans (co-financing option) 3. Commercial market utility revenue bonds The interest rate is currently 1.1% for SRF loans, approximately 2.0% for WIFIA loans, and typically between 3.0-4.5% for revenue bonds depending on credit rating. SRF loans are typically pursued for the RWQCP because they have the lowest long-term costs. However, eligibility is competitive and not all projects are being funded (i.e., the program is overcommitted). Changing federal priorities and new proposed infrastructure legislation may change the funding levels of state SRF programs, which are periodically reinvested with new federal money, but it is likely the SRF program will remain competitive. The USEPA WIFIA loan is a co-financing option for larger projects where the WIFIA component is $20 million minimum and no more than 49% of total project costs. Utility revenue bonds are another possibility but are being pursued only if a needed project is not fundable from SRF. A utility bond funded project could also be co-financed with WIFIA funds. Annual debt service payments associated with each project depend upon prevailing interest rates at the time of the loan approval and/or bond issuance, as well as the length of the repayment term. The annual debt service payments will be paid by all the Partners to the Palo Alto RWQCP and will be specified in amendments to their Agreements with Palo Alto, which are brought to Council for approval as needed. Palo Alto is responsible for its fixed capacity payment of 38.16% of debt financed instruments. These costs and the Palo Alto share are a direct impact on the City’s Wastewater Collection Fund forecasted rates. These rates projected for FY 2022 and the financial plan including forecasted future rate increases can be found in the most recent report to the Finance Committee on April 6, 2021 (SR# 11886). Anticipated project costs, funding sources, and debt repayment terms are detailed in the tables above. The impact on Wastewater Treatment Fund expenses of the debt service associated with the anticipated loans and bonds for each project is visualized in the 10-year forecast in the graph above. The forecast projects overall expenses for the entire fund based on projected operating and minor capital expenses, existing debt service, current capital project cost estimates, and planned debt service assumptions detailed in the tables above. The graph also shows the impact on the Debt Service Ratio of obtaining and accepting these loans and bonds in the future based on current/conservative debt repayment assumptions (i.e., interest rates, loan terms). The current Palo Alto policy is to keep the Debt Service Ratio below 15% and, per initial staff analysis, the loans and bonds will cause the 15% amount to be exceeded reaching over 28% in current projections. When funding sources are approved and cause the fund to exceed City of Palo Alto Page 12 the Debt Service Ratio, staff will return to Council with recommendations on handling the potential increase in the debt service and related issues. As these preliminary project cost estimates are still in the process of being reviewed, refined, and developed, the current estimates for some of the Wastewater Treatment Fund’s Capital projects are not expected to be included in the Fiscal Year 2022 Proposed Capital Budget. As design continues and construction estimates are updated, total cost estimates will be adjusted and brought to Council for approval through the annual budget development process in subsequent years. Environmental Review Individual capital improvement projects are reviewed under CEQA prior to any project approval. All capital projects are designed to comply with the City’s Sea Level Rise Policy. Projects, and current CEQA status, include the following: Table 5: RWQCP CEQA Status Project CEQA Status Primary Sedimentation Tanks Rehabilitation and Equipment Room Electrical Upgrade Project Categorically Exempt Outfall Line Construction Mitigated Negative Declaration Secondary Treatment Upgrades Categorically Exempt Advanced Water Purification System Environmental Impact Report New Laboratory and Environmental Services Building TBD Headworks Facility Replacement TBD WQ-19002 Minor CIP Projects in Progress Varies, Typically Categorically Exempt