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Adopt Resolutions and Authorize Applications for State Revolving Fund <br />Capital Project Financing for the AMI Project <br />October 15, 2019 <br />Page 2 <br />Reclamation WaterSMART grant. Financial assistance in the amount of $10,117,365 is proposed <br />from the Drinking Water State Revolving Fund to support the replacement of the manual -read <br />meters with AMI technologies. This would allow the City to upgrade the water metering process, <br />including AMI installation, facilities construction, materials and equipment (registers, meters, meter <br />boxes, lids, software, hardware, AMI tower materials), Meter Data Management System (MDMS), <br />leak detection technologies, interactive web portal installation, as well as pressure -monitoring <br />capabilities. <br />The California State Water Resources Control Board (SWRCB) oversees the Drinking Water State <br />Revolving Fund which is a low-cost flexible financing for capital improvements to water utilities. <br />This financing program is more cost effective and requires less administrative burden than financing <br />through bonds or certificates of participation, and can be secured on a shorter timeline and repaid <br />more flexibly, subject to conditions of participation and competitive scoring criteria established and <br />administered under the supervision of SWRCB. <br />Adoption of the resolutions would allow the AMI Project to benefit from a near -term infusion of cash <br />that will shorten its respective project delivery schedule and accelerate realization of service -level <br />and financial benefits to the City and its enterprise ratepayers. The two resolutions referenced in <br />this Council Action are needed to meet the State's requirements. <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 />FISCAL IMPACT <br />There is no fiscal impact associated with this action. Staff will return to Council with a request for <br />approval of further actions and will indicate the fiscal impact of any such awards and associated <br />expenditures at that time. <br />Fuad Sweiss, PE, PLS <br />Executive Director <br />Public Works Agency <br />FS/NS/RR <br />Exhibits: 1. Authorization to Participate Resolution <br />2. Reimbursement Resolution <br />55E-2 <br />