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Adopt Reimbursement and Pledged Revenue and Funds Resolutions for <br />State Revolving Fund Capital Improvement Projects <br />September 18, 2018 <br />Page 2 <br />The following projects were selected by staff in accordance with the water and sewer <br />infrastructure master plans: <br />Application Project Name <br />Proiect # and Description <br />1. San Lorenzo Sewer Lift Station <br />06-3510; Replace Segerstrom sewer lift station <br />2. Sewer Collection System Improvements <br />Replace existing mains and associated assets <br />3. Automated Meter Infrastructure <br />16-6460; Replace 48,000 meters with smart <br />meters and associated assets <br />4. Water Distribution System Improvements <br />Replace end -of -useful -life cast iron water mains <br />Stage of Delivery Estimated Cost <br />Finalizing Plans & $4.0 Million <br />Specifications <br />Various, ongoing $9.5 Million <br />Feasibility Study $13.7 Million <br />Complete <br />Various, ongoing $14.6 Million <br />Staff utilized the services of the City's Municipal Consultant, Urban Futures, to evaluate the water <br />and sewer enterprise's ability to accommodate new debt. It was concluded that both enterprises <br />have the financial capacity of incurring the type of financing award offered through the SDWSRF <br />and CWSRF. If the SWRCB elects to award the City low interest loans, staff will return to Council <br />at a future date with a detailed analysis and recommendation on whether to accept or decline any <br />award. <br />The project applications have advanced to the fourth and final step in the SWRCB review <br />process, which is the submission of a financial application and accompanying Reimbursement <br />and Pledged Revenues resolutions. These resolutions are required to meet the State's <br />requirements, regardless of whether or not the City receives this funding as a grant or a low- <br />interest loan. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />55A-2 <br />