Utility Committee Agenda and Packet 2020 05 12

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2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 WATER 0%1.5% 1.8% 1.8% 1.8% 1.8% 1.9% 1.9% 2.0% 2.0% 2.0% SEWER 0%4.5% 4.5% 4.5% 4.0% 4.0% 4.5% 4.5% 4.0% 4.0% 4.0% STORM 0%14.0% 5.0% 4.5% 4.0% 4.0% 4.0% 0.8% 0.8% 0.8% 0.8% WATER 4.0% 4.5% 4.5% 4.0% 1.8% 1.9% 1.9% 2.0% 2.0% 2.0% Change 2.5% 2.7% 2.7% 2.2%------ SEWER 4.5% 4.5% 4.5% 4.5% 4.5% 5.0% 4.5% 4.0% 4.0% 4.0% Change - - - 0.5% 0.5% 0.5%---- STORM 14.0% 5.0% 4.5% 4.0% 8.5% 8.5% 3.0% 0.8% 0.8% 0.8% Change ----4.5% 4.5% 2.2% - - - WATER 5.0% 5.0% 5.0% 5.0% 1.8% 1.9% 1.9% 2.0% 2.0% 2.0% Change 3.5% 3.2% 3.2% 3.2%------ SEWER 4.5% 4.5% 4.5% 5.0% 5.0% 5.0% 5.0% 4.5% 4.0% 4.0% Change 0.0% 0.0% 0.0% 1.0% 1.0% 0.5% 0.5% 0.5% - - STORM WATER 3.0% 3.0% 3.5% 3.0% 3.0% 1.9% 1.9% 2.0% 2.0% 2.0% Change 1.5% 1.2% 1.7% 1.2% 1.2%----- OPTION A ‐ Reduced Tap Fees ‐ New CIPs only 2020 Rates (Approved 03/03 Council Meeting and Frozen at 04/07 Council Meeting) ASSUMPTIONS: ● No Tap Fees for Three Model Years: 2021, 2022 & 2023 (actual years: 2020‐$2.2M, 2021‐$2.6M & 2022‐ ● Full funding for 2021‐2026 CIP Requests ● No Cash Payment for Windy Gap (removed $2.5 million) ● Delay both Meter Replacement and Lateral Piping CIPs by 2 years OPTION B ‐ Option A including Projected Overages ● Excludes Overage Capital Projects (6 projects at $2.8M) ● Reduce the first 2‐years of water rights purchases in half and extend 1‐year to 2027 UTILITY RATE INCREASE OPTIONS ASSUMPTIONS: ● Same as Option B ● $5M Water Bond in 2021 for both SWSP and Lateral Pipelines ● Delayed projects limited to Meter Replacement OPTION C ‐ Option B with Water Bond ● Reduce the first 4‐years of water rights purchases in half and extend 2‐year to 2028 ● Includes Overage Capital Projects (6 projects at $2.8M) No Change for Opt A ASSUMPTIONS: ● Same as Option A ● Delay Lateral Piping by additional 2 years and Harper Pump Station by 5 years BASED ON IDENTIFIED REDUCED TAP FEES FROM COVID‐19 IMPACTS 15