HomeMy WebLinkAbout0263.094< •
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May 5, 1994
THE HONORABLE CITY COUNCIL
Palo Alto, California
Attention: Finance Committee
.s.t..QrnL Drain System Infrastructure Review
Members of tJle Council:
Rru&.rt in BrieL
This report responds to the concerns and questions raised by
Council at th~ March 7, 1954 fltudy session on storm drain system
infrastructure improvements. It recommends that the Finance
Committee recornmend to Council the conceptual approval of the Storm
Drain Condition Assessment and Storm Drain Master Plan reports and
a conceptual long-range plan tOl' financing storm drain capital
improvements. It also recommends that the Finance CO'!1lmittee
recommend to Council the approval of a stand alone first phase
three-year capital improvement program and an associated financing
package, which includes the sale of utility revenue bonds and an
increase in the storm drainage fee.
At the March 7, 1994 Council study session, stilff presented a
summaty of the st.orm drain system infrastruct".ure ir.lprovements
recommended in the recently completed Storm Drain Condition
Assessment and Storm Drain Naater Plan studies. The recommended
work consists of a $60 million, 30-year. program to replace or
repair damaged pipelines and to increase system capacity by
constructing new ·pipelines. Staff als.o described a proposed
financing plan which includes the periodic issuance of. utility
revenue bonds and corresponding increases in the storm drainage
fee.
council fofembere questioned staff about the relative costs of
financing capital improvements by Delling bonds vs. u9ing storm
drainage fee revenue on ~ pay-as-you-go basis. Tlley also requested
a long-range projection of rate increases for all City utilities,
a descriptioll of the specific benefits of some of the proposed
impr0vement projects, and a discussion of the consequences of not
doing the wOl"k. Council asked staff to schedule a meeting with the
Finance Committee to answer the questions raised during the study
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t:lession and to present t_he recommended f:ltorm dl'aill infrastructure
improvements in greater detail.
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lUJ pal.'t of the budget process for FY 1994-95, staff is requesting
that Council approve a $9.1 million, three-year capital improvement
p};ogt'am cOllsisting of aeveral high-priority storm drain projects,
The major projects to be funded include: pump station improvements,
repair/replacement of the most severely deteriorated pipelinl~s,
Darron Park drainage impxovements and the Newell Road pipeline
impt'ovements. In order to finance these projects, staff also seeks
Council approval to issue utility revenue bonds and increase the
atorm o:irainage fee by app'roximately 31 pel:'cent.
Over the next three years, staff -"li11 continue to refine the
recO{f(1'lendations contained in the Storm Drain Master Plan. First of
all. a computerized storm drain model, which calculates the
requ ired pipel ine sizes, currently uses theoretical formulas to
genel:ate stormwater runoff from historical rainfall data. DUl."ing
Fi' 1994-95, the model will be calibrated with actual rainfall and
runoff quantities. This information will be available prior to
final design of the first Master Plan project. Staff will also
gain experience on project costs and scheduling as projects are
actually designed and constructed over the next three years. These
and other factors may result in modifications to futm:e c-3.pi tal
improvements.
Staff is reque.sting that Council grant conceptual approval of the
Storm Drain Condition Assessment and Storm Drain Master plan
studies al this time. These two documents will serve as a
blueprint for futUre capital improvements and can be used as tools
to evaluate the drainage impacts of prospectiv£>. l"nd use and
development scenarios. The decision to fund individual
construction projects will continue to be made by Council as part
of the annual budget approval process. Projects reco~~ended in the
studies stand alone on their own individual merit· and can be
implemented independently.
DisCU3SioD o~~ternativeB
Staff has examined several potential alternatives for funding storm
drain capital improvements. The alternatives utilize a variety of
financing methods to fund the improvements j including utilitj'
revenue bonds, pay-as-you-go with storm drainage fee revenue, and
a combination of the two methods. The three most feasible
alternatives are pl:esented in the attaChed table (Attachment 1}.
All of the alternatives provide funding for a $60 million t.l993
dollars) capital imp:covement program to be implemented over a
period of 30 years. The alternatives were developed with the
assumption that the projects would be administered with no
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additional otaff. The alternatives contain no prOVunOi"l for
building up financial reserves in the Storm Drainage 'Fund. Staff
will re~examine the feasibility of accruing reserves after
completing the high priority project. included in the initial
thrca-year capital improvement p:t·ogram.
In Alternative 1, capital impl.·ovementa are financed completely by
utility revenue bollds. Unde~ this plan, bonds are issued and the
stom orainage fec is increased evel.'}1 three years. The advantages
of this alternative include timely ilnplementation of the
recOI","(l)()nded projects .. with relatively gradlJill and tmifol.m illcreases
in the storm ,drainage fee over a 30-year peri'od. Due to the large
amount of debt incul"red, this alternative also has the highest
total cOSt.
Altlnnative 2 funds capital improvements from storm drainage fee
revenues on a pay-as-you-go basis, This altel<native has the lowest
total cosl ao there is no new d~bt .oervice to fund. Unfortunately,
this pl.Jfl requires steep initial rate increases-with a delay in
project .1rnplementi\tion as compared to Alternative 1. Despite
cUIT)u!ative rate increaacH of 151 percent in the initial three years
of the p:k"Ogram, available Fund revenue could support only a minimal
capital irnpl<QVernent program consisting of pipeline repail·, erosioil
control~ and ctlrb and gutter repairs. Important purnp station
improvements and Master plan pl'ojecto in Ban'on Pal"k and along
Newell Road l totalling approximately $5 million, would need to be
deferred until Gufficient fund9 he come available in tNO to t.hree
years.
l\lt.ornative 3 features a combination of limited bond financing in
the early year8~ foV.owed by a pay-as-you-go approach for later
capital h~p:t·ovement.:o. Three new bond iSBuanceo over a period of
nine ,years 'WOuld,provide enough fundo to complete the pump station
improvem_en'to and initial I-Iaster Plan projects in a timely manner,
without the need for unreasonably high initial rate increases. In
later years, add! tional rate increases would raise sufficient
ravenue to fund capital improvements without incurring further-debt
h.·om bonda. Alternative J would result in a reduction of
apP1:'oximately $130 million in debt Dervice costs compared to
Alternativo 1.
Staff also "investigated other financing options not presented in
Attachment 1, but rej~cted them due to signlfi.c3nt disadvantages.
Additional options included variations on Alternative 2 with inter
fund loans and/or longer pxoject implementation schedules. These
alternatives l.<esulted in eithel' exceedingly high rate increases in
the early years <)f the program or unreasonable delays in the
<;onstruction of crit ical iropl'ovements.
Staff rel~ommends that future storm drdin capital improvements be
financed through a combination of bond~ and storm drainage fee
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revenue, using the approach in Alternative )., future project
implementation, bond issuances. and rate illcxeaoes are subject to
incremental Council approval and will most, likely be adjusted based
upon actual experience a9 the program unfolds.
The storm drain fee is currently 2. ~ percent of the average
residential utility bill. The pl'oposed PI' 94-9S .storm drain fee
increase of $1 per mont.h l:aises the average residential bill by 0.8
percent. Overall, the cumula.ti ve pfoposad F'l 94·95 ut'llity l.'ato
adjustments for all City utilities ""ouid, J.ncrease the t}~ical. bill
by 6.0 percent. A projection of City utility rc'ttes tor the noxt
ten years ia presented in a fH~"(:ics of tables. l'c(lcct ing each of
the potential fundhlg alte:nlati,ves for sto:rm drain rates
(Attachment 2). und~r-the alternative recorr-..:r.c-ndod by 6t-atf, the
stO.l'm drain fee would be $5.74 per rr.onth ').5 percent of the
average bill} in Pi' 98 -99 and $10.93 pet' tr.onth (S.]' percent of th~
average bill) in FY 03-04.
The $60 million Btorm cJl':ain r::-apital irnpl-ovement pn>gl'iH'l reco;r"f;ended
in the Storm Drain Condit ion Asse6Sfiicnt ami Storm Drain Hastor Plan
reports represents a substantial potential invcstrr:cnt by the City
in its infrastructure. In pa:rticular~ the $$5 (nil lion list of
Master Plan projects. designed to enable the stol-m ol',lin Dyatem to
convey the -£'"ulloff from a ten-yeal' storm, will l'equire .1 large
fiscal commitment. Staff believes that the l-eCOHl"tended
improvements <H-e jU8tif ied and will provide meamn-ablc benet it to
the community as described below.
Storm drainage is a 8ervice traditionally provided to xt)sidents by
municipal govel'nment in urbanized al:eas. By collecting and
conveying storm runoff .. storm drains protect property from flood
damage and keep the City street sYDtem funct ional dlH:ing rainy
weather. Storm drajns also prolong the life of .atrc.cta by
preventing saturation of underlying soilo, which C&t) lead to
prema~ure pavement deterioration, Engineering deaigo AtJJnd.aros and
community expectations for ato~-m drainage have changed over the
years. Much of Palo Alto's storm dl"ain system was constructed to
handle only a three to five yea:c storm. The cu':n:ent design
standard used by most cities is to provide flood protect ion from a
ten year storm. If the system is not upgraded, etormwater wi 11
pond in streets and on priv.ate property more frequently, resulting
in potential property damage. traffic accidents, pavement failures,
and temporary street. closures, These negative impacts Cl:eate the
potential for an incl'ease in the number of damage claims filed
against the City by private citizens. Collectively. these (ldverse
consequences also tend to lower the overi&ll quality of 1 ife fol' the
community.
=:263:94
Staff has divided the recommended Master Plan projects into three
priority groupo. based upon their relative importance. Several
projects proposed for the initial 3-year capital improvement
program are of critical importance to the sto.t:'"m drain system.
Approxtmately $2 million has been requested for the constructj on of
improvements to the Cityl s six major stormwater pump stationo. The
design of this project is cUrrently under;.,·ay with those engineering
coats having been fin:;anced from the 1993-94 CIP budget. The
stations pump water from low-lying pipel ines and street underpasses
into adjacent creeks. Failure of any of these facilities WQuld
result in the inundation of large areas of the City, The ih.·at
Master plan pipe,line project is proposed for the Darron Park.
neighborhood. 8arron Park experiences chronic drainage problems
due to undersized creek channels, an inadequate underground
drainage system and a lack of curb and gutters. The Santa Clara
Valley Water District is currently constructing improvements which
\dll alleviate the creek capacity pl'oblem. Once the work is
completed in late 1996, the creeks will have the capacity to accept
additional :nmoff from new storm drain pipelille~ serving the
neighborhood. The Cityl~ proposed storm drain project will improve
drainage in t\<,'o separate a:t-eas of Barron Pc3Tk. The-neh' Onne Street
pipeline will relieve existing underBi~ed pipelines on Arastr~dero
Road. Haybell Avenu\S, and Georgia i\venue~ as well as provide local
drainage al .. :mg Orme Street and other adjacent streets, The
Whitsell Street pipeline will provide improved drainage fo:r
Whitsell and La Donna Streets and Kendall and Barl"on Avenues. In
accordance with the pl'eference of the neighborhood. as dOCU!flcnted
in the Hal"rOn Park Drainage and Street Design Guidelines adopted by
COuncil in 1993. valley gutters will be constructed on aorne streets
in conjunction with these new pipelines on an as-needed basis.
Sqmmal."y
Staff is requesting that Council approve a $9.1 million. thl-ee-year
capital improvement program consisting of several high-priority
sl;orm drain projects. In order to finance these impl'ovements,
staff recommends the issuance of utility 'revenue bonds and a 31
percent increase in the storm drainage fee. This app:roach will
enable staff to cornplete important projects in a timely manner,
while keeping utility rates at a reasonable level. Staff will
return to Council in approximately three years with a specific
recommendation for the scheduling and financing of additional
capital improvements, based upon experience gained during the
initial phase of program implementation.
Recommendationll
Staff recommends that the Finance Committee :recommend that the City
Council:
CMR:263:94 -5-
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Approve and adopt the June
Assessment report with respect
improvements.
.',.
1993 St.orm Drain Condition
to the scope of the physical
2'. ApPJ."ove and adopt the December 1993 Storm Drain Master pl.8.n
report with respect to the scope of the physical improvements.
3. Approve in concept a financing plan for future storm dr~in
capital improvements using a combination of bonds and storm
drainage fee revenues similar, to Alternative 3 described in
this report.
4. Direct staff to pl"oceed with the' implementation of the capital
improvements~ outlined in the Storm. Drain Condition Assef:lsmf.mt
and Stann Drain t-iaster Plan, as part of the F'f 1994-95 budget
proceSB~ including a storm drainage fee increase and issuance
of utility revenue bonds to finance the improvements for the
next three years. Staff Hill return to Council periodically
for approval of incremental funding to complete the remainder
of the program.
ReSP~fUIIY submitted,
~9'JZ.~~
G80RGE J. BA~>or<"
Assistant Director of Public Works
f.l-4RLd-
GLENN S. ROBERTS
Director of Public Works
~JNY
ASBi~tant City Manager
Attachments: Alternatives
Utility bill
Related Reports: CMH.: 184 : 94
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STORM DRAINAGE FORECASr
SUMMARY
ALTnRNA11VE I: BOND ANANtlNG WI"fi( RA'IliINCREhSr;s EVERY JRD YEAR
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AI-1ERNAllVE 2: RATE HNANONG (l'AY-AS-YOU-GO) WI11I4 CONSF.CUJlVE RATE lNCREASF.s.
AI. lERNAllVll.!: COMBlNAllON OP BOND AND RA'IE FJ NANCl NO wlm RATE INCREASES [;VERY 3RD YFAR
A1!ernali\"c
Total Number "tVea ...
Range of Monthly Rate .. : Y .. r 1--3
Proj~cted Rale JDcre.ases: Ye.ar 1-3
A.,t. ,,' FIOjects Funded: Ve~r 1-3
Range of Monthly Rate" 0,." 30 Years
Projcded Rate InC"re~s.e.s: Over 30 Years
COST OF CAPITAL PROGRAMS ($K)
Arnslradero ~m Project
Pump St~fion Improvements
Condition Assessment
Master Plio" Projects
SUBTOTAL: CAPITAL COSTS
COST OF DEBT SERVJCE ($K)
ExistiDg Debt to I>fat\lrity
New Debt to Maturity
SUBTOTAl.: DEBT SERVJCE
TOTAL CAPITAL AND DEBT SERVICE
2 3
----------------------------------------
3Q
S4.:1-l-SU5
31%
59.IM
54.25-527.91
159%
170
2,.'50
•• 251
89.940
96,911
9.22.1
192,42.5
201.648
30
S4.:1-l -SS.15
151%
S4.IM
H.25-Sll.85
388%
170
2.-'50
4.251
~.155 (1)
100,126
9,2?3
a
9,223
30
U.:1-l-U.2l'
31%
$9.IM
$4.25-$1832
464%
170
2,550
4.2.51
89,940
96,911
9,22.1
61,jQ9
70,532
Note 1: [ntressed co,1 for the Master Plan Projects due to the added inflalion as a result of the delay
in the projed tmp!emenlalion.
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ALTERNATlVP.l
BOHO}:INANCIN'G
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Sl'OIH( URl\lNi\OU FORECAST
PAGE 1 OF6
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ALTIiRNATIVE I
Dbi'll> FINANCING
STORM I.lRA1NAOllFORRCAST
PAGE 2 OF 6
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lJ-lJ U··Z4 TOTAL
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HONFOINT SOUReD PROQRAM
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('./I,PITAL PROQRAMS
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RATE FIN ANCI NO
(PAY-AS-YOU-C.o)
STORM IJRAINAOE FORECAST
PAGE 3 OF 6
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ill .,,,
2.)13 M11 )J,[6 .s.PU $,1Il S,,25~ .\l$l) ~:m s.m: M1$ S,OJI H6.t 1,1!-i S~II .\IM
1 ------.----------------.------.---_. -----. ---------. -.--- --------------. -- ---.•. -----------
(1~~21) I
I.m f
(1114) I
(1,S(l) )S 410
(IP-t) (lU) {lOll)
(.lH) (.'00:) I~l
(0W2) .wi
lH (241)
{W) 219
m
'" '"
ns .,.
I,S\l.!
().SO) (.1)
I.~~ 1.21~
J,2:I~ 1J16
, ..
1.216
1,1.Q
,,,)
1.157
,.6£<
(I.m, lSI
l.M6 O.
.u un
'" 1,N~
"'" __ ............................. , .. , = .. c ..... "" ........ " ... , ............ , ...... "' ••••• '" •••• "''', ... ""'''''' ••••• "' ...... " ...... " ......... ", ............. a .... " ........................ _ .......... .
ALTERNATIVE 2
RATE FINANCINO
(PAY-AS-)'OU-GO)
STORM DRA[NAOn FORECAST
PAGE 4 OF 6
YRI6 YRI? YRI! YR.19 YRlO YRll YR22 'r'lUJ VRl4 YlU.5 'r'R2ti 'YR21 YRU YRN YRXI
0;1-10 10-11 II-a Il-IJ 13-14 lA_I:' B-I~ 16-17 l1-LS I!.-~~ 1~-20 20-21 2L-22 22-23 11-24 TMAL
$11.34 m·::~ W15 SIllS SU.JS SIU~ SHJ~ SI.f.S.~ IL4..55 SIUS SIJM IISM "Uti W:.u SUM
R6\1IDiU£.S
<:\t<~,,""\(~ -Suo: .\;&$
RI~lfIo.'tc':!e!P:tF'l'1
h.lomJth:~ ]14
TOTAL ,ltIJ,VEtil)F.3 .... 9IS1
OPl-:RA11 HO IIXtBNSSS ',~I
NOl(fOIKT SOURCE 'AOGRA" no
DRltr S8R VlCr. -Itil I!ON"DS
CArITAL f'ROGIlANS
('~'lG-l:~
p~, ttuka.t NUIII DI", P"loj
Or~1'IS F'«'VU'"
a{ukf M...1lr«iKIS
TUT AL£XtnHDrrU.R6S
1Cl!'<Ft"C~)oI_",""
RSk s..-JIrinI: Bdli)«(
ASR., ~r.c B.I!If"::~
'IS
o
o
6<,
"'"
('~
1..011
1.99.~
$,1M
."
,M
I.nf
6.2~J
o
'"
o 0
6.1-",
o
'"
6.09
UI6
'"
o 0
661 6!t hll
) .. 2H 3.('6.4 J.2H
1l2-'"
'" ""
'"
o
o
'" U.!J
1.IM
tau
I,IIB
'IS
o
o
'" l,1l1
MI4
o
""
o
o , ..
).3)2
1.212
(19)
I ....
>.m
MJI4
.n
III
2..016
m
o
'" J.II~J
1,4U
".
l.U9
'-'"
1.~17
o
III
2,071
'"
1,01
o
221
J,6~
2>,
7.H1
"'.
24l
,,.
.'" • ,..
o 0 0 0
o O.
SJ) 8M U) t.$9
',().S6 -I,IM A.US 6,664
UI6 '.~)9 8.,On l~IOI
'" 2.170
3,021
(l.762.)
3.tl21
I.l.W
o
o
o
'IS
S.~91
("")
1,2...~'
~1J
.,.,
o
2U
o
'" 4,1lJ
('J
'" 56<
, ....
""096 11".~OJ
6,4f.O
:W 5.4&.5
1.4H SI,2!O
:m ',640
o
(l 4,2..51
o 2.:m
911 19.523
J .. -qo 'J.1SS
1,lS1 1U.?U
''''' '" '''''
1,"0
(It.)
1 ....
........................ "r"c ............. ' ................... ",."" .. " .. , .......... " ...... , .................. " .... , ..... ",'"'''' ....... , ........ " ... , ..... " ..... ", ......... , .......... , ................. "' .... .
"
.-
1\1.TBRNAT1VH .J
COM 01 NATlONOF OOND
ANI) RhTHfiN'Ap.,,'(;tNO
't','
,,' ;:':"':';::"':~,",_.;....:':';Lt _~_'.;':"
STORM DRh.IN'AOR fORECAST
PAGE 5 OF 6
Nt...1M3Fikl 'fill YIU 'flU YR4 YRS YR6 YR1 'l'Ra YR9 YnHI YRII 'nI.t2. YRIl YRI" YRI$
91 ri 9J I;J-., I ,~-.S U-'M fIS-9' "'7_~ 11$-99 ~-OO ~~-Ol Ol-ro (IJ:-OJ Cl-M ()t-~ Q5-1X1o 05-01 O1-OS 0!I-09
---------------•• -----------1 ---. -------------. ------------____________________________________________________ .. ____________ _
~t\'P:i'lLJM
~fS."'I_ flut
IUJ~ b.·rcll-l! I,..."'f(l
1D'~IUll-..:~
B«.Jrn'C~:!s
TOTAI.R6YF:tfUE-S
OrEIIlA11tcO 8XU'NSf'.$
KO"NPOIHT !OUkC1\ u,omr. .... l.I
l'.A'-rTAL riROO"M4$
()xo,Jj~ .. $.J.tJU>or~
~,s,.lIl;.q. NWJI D,.r'll!
~fC<1lII\l.
1oI~1 HI .. ptqe«a
"'J:..~ $)1$ I SUJ U15
1 .... "" ••
IW S~,11
""
S1.n n,9J 110.93 JIM) SL4J.~ S14.7J SJOS ,!IUS JI6:9IJ
'''' "" •• "' . ... ---. --.--~----_. ----.------->-----_.------,-----_.----_ .. ----_A. ________ ... _ --_________________ . ______ -'--__ _
t.~H IA~ '.6..-.s 1.1~' 1."1 tin
'" ,. "" •
M
-tI 01 .<U 0 0
I~ ~ I $9 M U
• .;. I 9.1 .. $
I
•
1.1.'.-' UH I 1I.l!l 11~
Ht 1)1$ I OJ1 I,W
1
•
m '"
'1
1
,.,
o 0 i fI) W)
o {I I "l'o> (l
t.MS '.""'Sl I Ri 1)(;
o lI.\l 1.(1))
• 9.111 •
1.016
t.UI 1.1$6
'''' '"
I))t;.l I.t-I-!:
@ SU 5J.J
• • •
'#oJ ~SC} 45'
2.(00 WI :,.WJ
~'" •
"
'"
'MI
1,929
'.m
'"
I.J.J~
'"
,...,
.q~ .~
• •
:;13 .(1'2
un 2.'Ml
'-'" •
l2L
o
'"
1.'"
'" o
_<Ol
W.
•• (>-12: ~~~n
1.~.J6 0
l61 161 , o
I,m un
'" ".
~.sn
1,9~:l
m ,
1,4U
,.,
'-'os
, ..
.. "
SU 0 0
o • 0
512 s,~ $5' S'1Q
:UH l,flU 2,016 2.1:J~
1~~29 7S19 1 .. ~29
(} (} 1,129
226 1"26 WJ
• o o
f,SS9 I,~S 1,6~9
'"
• • o
o 0 0
5111 «IS 613
2,;350 u.s9 2,960
TOTAL BXJ'etWrlUu,.s ,,~ ),1J4. j .\,,~ SUI S-Jlt MU U61 6fh$ 1,m ~:m 1.182 1.~<.s 1.1M 1m 1,~1 1 .. ~J. 8..1Q2
--------. ----------------. ----------I ------------------------------. --------______________________________________ . ________________ _
Tao'<f'I,~> r\iOitvu
Il~ DcjWr., lh w..--.e
R!ir.. f.r,$!,~ n",bn.:.c:
(.l.JlJ) (I.,..m) I 6.295 ll,9-&1)
U:<} D~4 I (19j) l-..IOI
I,n~ (I~j}l 6.101 J.IH
(},C'4IJ
1,1U
"
(J.4.f6)
6.0J ,."
un
-"
$,1H
(lo.0J8) (1.1Il)
).9.'9 1,901
;,90J (211)
58'
(UI)
m
..,
m ... '" .. , ,..,.
112
'.'" ,,'"
.. , ,,,...
,-'" .... ............ ......... .............................. .,. ....... ., ........................ ,., ...... ,,' .. ,. ...... , ....... ~" .......... ' .... "' ...... , .... ",.",,,.,. ....... = ...... , ......... a. ......... , ..... "" ........... .
,
AI.TERNl\l1Vl! ~
COMBINATIONal" BaNI>
ANDRATIlFIIMNClt'lO
RHVBHUBS
C~rSdu-Bue
Rue m..'T~ 1£l~1
IRier",l~
Ol'PMi1NO BXf~N'SJ;5
NOHfOltrr SOURen IROQRAlroI
DH9T S8"VICB BxtF.NSBS
C.AtrrAt PROGRAMS
('.oo.!i~.~rrt
F\amp Sulion,a, Na.W. D'fl P"i
OIljOlI\lJl(~r.1"\l
Muur Pial! pt'oj« >l
TOTAL BXflHWTfURFS
ToI<J'ltIeI> rHC'CWS
RsR, 8eJWna Bdl.!JC"c
MR,. Fnllnt 8.!tlr«
'1'R 16
~-L(t
Y'U'
to-II
U:N e,691
o 0 ,., '"
• •
I,f.!.i 1,1l~
l~ U1
"'"
STORM DRAIHAOB PO~F.CAsr
PAGEl! OF 6
YRIa 'fR'~ 'fAN llUI VRll
II-U U-11 11-14 H-tS IS-I40
y,w
n-It
YRIJ
13-lt
\
, ...
Yl\U YRU 'tR2?
20-21 ll-U 12-1)
.'!IMl U~, '-.$..1' U~, ".'~I ".HI tJ~1 9J5! f.)H ,,~51 t~\'-I 9.3~1
o 0 0 lEU o Q 0 CO:O o 0
:t4 zro 2',.) U I Ul fH JU l·" V,.J .M. 2;81 1."
o 0 " (I o 0 0 0: 0 0 o 0
)11 )B
I,m 1,('11
(\ I) I) 0' (I o 0 0: 0 " 0 0
o (I 0 0 0 'I) 0 0 0 o 0 •
'~I NI Ul Ht 1M )1.1 .III U., ~.6J M9 '\lIS IN)
J_I~ '.110 '-": ~.m J,8H J,'" -I)Y,6 4,ros ),lH )J~ ~-m ... m
YR'"
2)-24 TOTAL
9.1.~t m.,UI
o ",i'H
UI un
c 2'.4O-f
9M2 2UAI1
2..3J 51.Utl
o 4,lJJ , .".
9JJ ._.$U
)..QO M.940
216 (H!j {ffl) HI (U) {~H) (~1J C)(.I\l) SJJ f.CW (UU) us I.J."! u«
(1.,4)
.. m
2,»1 UN un l.().l.J
l'.t!O ~.CU WC) 2.114
l.IU 2.111 1.!146 tJl9 411
1.111 ,~ UN o!lI I.lU
1.242 .ull I,L"~ J..4t4
2~\U I.L% 1,414 2,I7L
.. " .. "." "= .. .,, ..... "' ...................... ", ... "" ........ "'.oo .. " ............... r,.OO. roo.' ...... " .... , " .. -" ........... ,. .... oo .. oo .... • .......... 'oo roo ......................... _., ...... " .. " .. , .................... .
NOTE I: TOTAL DF.DTSIJRVICIl COST TO TIlE MATtJR!'fY OF All BONOS !S $10,SJ2K,
" ,. "-""-,.~-,~' .... "." ........ .-...;'--_ ... -."'-. ..... ;.-.." ... ,
)Ii ,.
STORM DRAINAGE FORECAST
S30.00 r--------~----------------___ .. _. __
$25.00
520.00
SI5.00
SIO.00
S5.00 . *"" __ -41'
SO.OO
199596 97 98 99200001 02 OJ O~ OS 06 07 08 09 to 11 12 13 14 15 16 17 18 19 20 21 22 2324
§er",tive I -rAlter"alive 2 ,*,Altem.tiv~U
Projected Monthly Service Fees . .
/j
"
//'
.'/ " , .
~
TY~IGAL R~$!OENJJAL" \ITI~ID' MQNTJJLV BILL"COMP"'81~Or(
(Based on S)lslcm Averago Charges)
Alternall"o 1: BondFlnancfng
93/94 9'~J5 9S/96 00/97 97/98 VtfHy Ilill Bill %DHf fljll % Dif! Dill %Oiff fljll t:<..om
Eie<11lc (~I) $24.27 $24.:17 0% $24.2r 0% $26.45 9% $26.45 0%
W.lar (lXCF) 26,55 24,65 -r% 24,65 0% 24.65 0% 26.87 9%
Gas (100/30) 28.48 31.89 12% 31.89 0% 36.03 13% 36.03 0%
Sewe, 13.&9 13.89 0% 15.14 9% 15.14 0% 16.50 9%
Refuse 28,60 33.75 18"/<) 35.44 5% :lSA4 0% 36,99 10%
Sfmm Oraln 3.25 4.25 31% 4,25 0'7,~ 4.25 0% 5,]4 35%
UserTa)( 3,97 4.04 2% '04 0% 436 8% 4.4r 3%
Tolal (moothly) $129.01 $136.73 ~% $139.67 ~ $146.32 5% $155.04 9%'
-------,,---
9B-il9 99-00 00-01 01--02 02-03 03-04 Ytilfty Bill %,tWf 8;11 %Difl Bill %,Oifl: ~II %Dift Bill l' pm Bil! l\o;.~
flee"k: (500I<m~ $28,6' 0% $28.84 0% $31.43 9% $31.43 0% $33.63 7% $33.63 0%
Water (\XCF) 28.87 0% 29.29 0% 29,29 0% 31.92 9% 31.92 0% 34.80 9%
Gas (100130) 39.63 10% 39,63 0% 43,20 9% 4320 0'" ".09 9% 47.09 0% Sewel 16.50 0% 17.99 9% 17.99 O",{, 19.61 9% 19.61 0"'; ~1.37 9% Refuse 42.tO 8% 42,10 0",\ 44,20 5% 46.41 5% 48.73 5% 51.17 5% 51'OIm Orain 5.74 0% 5.74 0"10 7.75 35% 7.75 0% 7.75 0' .. 9,9\ 28% UselTax 4.77 7% 4.89 .rio 5.20 6% 5.33 3% 5.63 6% S.78 3% T OIa\ (monlhM $164,4, 61' $\68.47 ~ $H9.05 6% $185.65 §% $194.36 ~~ $203.75
TYPICj)l. ~E.~IOE NJI"'L_ U Hll.I Y MQNTlll Y aill. CQMP/IRIS ON
(Based Qn System Avolaga Cha,g~s)
Attt'lmattvo 2: Ra!e fTnnnclng (Pay 1\$ You Go)
9-1194 94195 %'96 00/97 97/98 l!I.iJiy !)ill Blil %Piff Bill %QiIT Ilill %Piff fli!1 %Oiff
Ele<lric (SOOK\\10 S2~.27 ~24.27 0% $24.27 0% $26.45 9% $26.45 0%
Wale! (12CCF) 26.$5 '24.65 .-7% 24.65 0% 2'.65 0",<; 26.87 9%
Gas (100.00; 28.48 31.89 12% 21.69 0",<; 36.03 13% 36.00 0",<;
SQ:~w' 13.89 13.69 0% 15.14 9% 15.1. 0% 16.50 9%
H{>fV11J 26.€O 33.75 18'% 35A<I 5% 35.44 Q% 38.98 10-%
S'lCirn Or;'\7n 325 "',25 31% 5.91 39% 8.15 38% 10.60 30%
U,,!ar rAA 3.97 4.(}4 2% 40-1 O~'O 4.36 8% 4,47 3%
T oWl (monlhly) $129.Q1 $136.73 6% $141,33 >1% $150.22 6% $159.90 ~%
I-~ --------_._------
9!l~99 99~00 00-01 01-02 02-03 03~0<\ lJ1illy 131/1 % Qllf Bill %.Oii! Bill %Ditf Bill %Oilf ~H %..Qitf Pj!1 %.Qiff
Ek<:trlc (5OOKWIO $28.8' 9% $28.84 0"1. $31.43 9% $31.43 0"1. $33.63 7% $33.63 0%
Woler (\2CCF) 26.87 0% 29.29 9% 2929 0";' 31.92 9% 31.92 0% 34.80 9%
Ga. 1100!J0) 39.63 10% 39.63 0% 43.ro 9% 43:20 0"10 47.09 9% 47.09 0%
Sev.-el 16.50 0% 17.99 9% 17.99 0)1, 19.61 9% 19.61 O"J. 21.37 9%
Refuse: ~2.1O 8% 42.10 0% ~4.20 5% .6.41 5% 48.73 5% 51.17 5%
StOfnlDJEOO 10.60 0% 10.50 0% 10.60 0% 10.60 0% 10.60 0% 10.60 0%
Us.cr Tax 4.77 7% '.89 3% 5.20 ()% 5.33 3% 5.63 6% 5.7B 3%
101.1 (moolhlyl $169.31 6';(, $17$.33 2j(. $161.90 5% $188.50 ~% $197.21 ~% $204.43 4'1'
-J:'!!'.I.G"k I\!,.§IO.~ IH I!;~. !ill ~ni M91lJJj\, Y .. m~'_G9t.il'!\ m!>Qt4_
(Based on System AVefE'go Chafg$s)
Al1cfni'lll1.'c 3: Comblo<tUon of Bond 9r\d Rato FIMnclng
9:W-I 94195 95!W 00197 97/98 I)!iity ;lffi Ili!I ';>Oil! 1M! %[JffI !Jj~ %Qi~ 1l'1! %J)lrt
E!ocil.c (5OOK\VI~ $24.27 $24.?7 0% $2~ 27 0% $26.45 9% $26.45 0%
W,ler II:;CCF) re.55 24.65 ··7% 24.65 0% 24.65 0% 26.67 9%
Ga. (IO(IfJO) ~.48 31.89 12'!r. 31m 0'4 3603 13% 36.03 0%
Sewer 13.89 13S9 0% 15.14 9% 15.14 0% 16.SO 9%
Retu$& 28£<> 3,1.7:5 16% 35.44 5% 35.44 0% 36.98 10%
SlOW} OleJn ~25 '25 31~::" 1,,2'$ ()'~ 4.25 0% 5.74 35%
UsCI T<IX 3.91 404 2'% 404 0% 4.36 8% 4.47 3%
To!al (mo-.>nlhtj) $1290\ $13873 0% $1~'9.67 2% $146.32 5% $155.04 6%
----_._----_._ .. -~-'~-~------.--------------------
98-99 99··00 00-01 01··02 02-03 03-04 IJWy 'li!I % ()iff !,\ill ,,[M Il>II ,.Iliff ll"1I %PIfl !Jj1J %_pltf Bill %Dirf
E lecllic (5OOKWIi) $U.1l-l !l% 520.8-< 0% $31.43 9% $3\.43 0% $33.63 1% $33.63 0%
W.lor (12CCF] 26.61 0% 29.29 9% 29.29 0% 31.92 9% 31.92 0% 34.80 9%
Gas (100130) 39.63 10% 39.63 0% 432() 9% '3.20 0% 47.09 9"10 47.00 0%
Sewe-. 18.SO 0% 11.99 !rl4 11.99 0% 19.Gl 9% 19.Gl 0% 21.37 9%
Rllfuse '2.10 ~lI 4210 0% 44.20 5% 41>.41 5% 48.73 5% 51.17 5% StormDr~r) 5.74 0% 5.74 0% 7.92 36% 7.n 0% 10.93 38% 10.93 0%
UsorTax 4.71' 1% 489 3% 5.20 6% 5.3-1 3% 5.63 6% 5.78 3C'1o "
Tota! ("""'"'M $!6 .... S 6)(. $168:41 2')(; $11922 6% $185.62 4)(. $197.54 ~ $204.76 4%