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L <br />City{x <br />Louisville <br />COLORADO - SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 2A <br />SUBJECT: <br />UTILITY COMMITTEE CIP REVIEW AND ASSOCIATED CITY <br />COUNCIL CIP REVIEW FOLLOW-UP <br />DATE: JULY 17, 2018 <br />PRESENTED BY: KURT KOWAR, PUBLIC WORKS DIRECTOR <br />SUMMARY: <br />The Public Works and Utilities staff is providing follow up information for City Council <br />consideration during review of the current 2019/2020 Biennial Budget Process. Staff <br />reviewed proposed Water, Wastewater, and Stormwater Capital Improvement Projects <br />on the following dates with the Utility Committee: <br />• May 11 - http://www.louisvilleco.gov/home/showdocument?id=18726 <br />• June 22 - http://www.louisvilleco.gov/home/showdocument?id=18951 <br />Feedback from the Utility Committee incorporated into 3 Scenarios. <br />• Option A — Baseline Proposal of CIP's submitted for the 2019/2020 budget <br />process. <br />• Option B — Modified Baseline Proposal based upon Utility Committee May 11 <br />Feedback. <br />• Option C — Option B utilizing potential bonding packages to mitigate increases <br />and spread costs related to long term asset improvements. <br />Graphs and tables related to ending Cash Reserves, Rate Changes, and Average <br />Yearly total bill change are attached for reference. In addition, conceptual bonding <br />packages and unit costs of borrowing have been provided to support review of an <br />Option C bonding approach. All options include updated Tap Fee projections and <br />current budgeting financials in coordination with the Finance Department. <br />RECOMMENDATION: <br />Staff provided the following recommendations to the Utility Committee during this initial <br />review of Capital Improvement Projects: <br />1. Water - Option B <br />2. Wastewater — Option A <br />3. Stormwater — Option B <br />ATTACHMENT(S): <br />1. Graphs and Tables <br />CITY COUNCIL COMMUNICATION <br />