My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 38 - Water Revenue Bonds
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2024
>
06/04/2024
>
Item 38 - Water Revenue Bonds
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/30/2024 4:20:09 PM
Creation date
5/29/2024 6:13:54 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
38
Date
6/4/2024
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
219
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
pursuant to the Water Shutoff Protection Act. Although water providers were required to comply with the Water <br />Shutoff Protection Act beginning in 2020, the Governor of California issued Executive Order N-42-20 on April <br />2, 2020 due to the COVID-19 emergency, which temporarily prohibited the disconnection of residential water <br />service for nonpayment of a water bill. The COVID-19 emergency moratorium on residential water shutoffs <br />expired in January 2022. The provisions of the Water Shutoff Protection Act remain in effect. <br />On May 21, 2024, the Treasury & Customer Service Division of Finance will introduce and conduct the <br />first reading of an Ordinance to bring the Santa Ana Municipal Code to compliance with the State's Water Shutoff <br />Protection Act. The Ordinance is scheduled for adoption at the next City Council Meeting on June 4, 2024. If the <br />Ordinance is adopted, it would go into effect July 4, 2024, and the City would begin delinquency noticing due to <br />nonpayment in August 2024. Should the Ordinance amendment be approved, billing due dates, delinquency <br />notifications and service disconnections will follow the adopted language in Chapter 39 of the City's Municipal <br />Code. <br />Outstanding Water System Indebtedness <br />The Water Enterprise currently has two State Revolving Fund loans, one in the amount of $10,117,365 <br />for the Automated Metering Infrastructure Project ("AMI"), and one for $13,761,712 for the Well 32 <br />Rehabilitation Project. Both projects have an interest rate of 1.1%; the AMI Project loan has a 20-year repayment <br />period, and the Well 32 Rehabilitation Project loan has a 30-year repayment period. The Bonds are being issued <br />on a parity basis with the outstanding State Revolving Fund loans. <br />Largest Customers <br />The following are the ten largest potable water customers of the Water System based on estimated <br />consumption as of June 30, 2023. The ten largest potable water users accounted for approximately 4.98% of total <br />water consumption, and approximately 3.96% of revenues, in Fiscal Year 2022-23. <br />TABLE 9 <br />City of Santa Ana <br />Largest Water Customers <br />(Fiscal Year Ending June 30, 2023) <br />Percentage <br />of Total <br />Total Water <br />Water <br />Water Customer <br />Classification <br />Charges <br />Revenues <br />Adohr Farms Inc <br />Wholesale Food <br />$ 563,285 <br />0.89% <br />Chroma Systems <br />Industrial <br />463,242 <br />0.73 <br />Fairview Villas <br />Apartments <br />254,155 <br />0.40 <br />Rp/Essex Skyline Holding Inc. <br />Apartments <br />197,586 <br />0.31 <br />Warwick Square Assoc. Inc. <br />Apartments <br />127,886 <br />0.20 <br />Power Circuits Inc. <br />Industrial <br />270,050 <br />0.42 <br />Far West Management Corp <br />Apartments <br />114,634 <br />0.18 <br />Western Medical Center <br />Hospital <br />189,175 <br />0.30 <br />County of Orange <br />Government <br />226,161 <br />0.36 <br />Mac Arthur Village <br />Apartments <br />106,846 <br />0.17 <br />Totals <br />$ 2,512,020 <br />3.96 <br />Total Fiscal Year Revenues <br />$66,478,509 <br />100.00% <br />Source: City of Santa Ana Comprehensive Audited Financial Report <br />f►M <br />
The URL can be used to link to this page
Your browser does not support the video tag.