Utility Committee Agenda and Packet 2020 08 11

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• Project Name: Water Rights Acquisition •I • UD Submitted By: Public Works Version: 5/27/2020 Program(s): Sub-Program(s): Funding Source(s): Percent Utilities Water Water Utility Fund 100% 100% Equipment or Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Six -Year Project Costs 2021 2022 2023 2024 2025 2026 Total Land Acquisition - - - - - - - Design & Engineering - - Other Prof Services - - - - - - - Construction 250,000 250,000 250,000 250,000 500,000 500,000 2,000,000 Other Equip/Project Costs - - - - - - - Capital Equipment Purch - Contingency - - - - - - - 250,000 250,000 250,000 250,000 500,000 500,600 2,000,000 Total Costs (Gross) Grants or Other Off -Setting Revenue - - - - - - - Impact to Annual Maint/Operating Costs - - - Description & Proposed Funding: Equipment/Project Description: This project is for the acquisition of water rights to meet City water usage demands with emphasis on future growth. Project revenue or grants that will support the project and the impacts to the operating budget: No grants have been identified at this time. Annual maintenance is not expected to change. Reference to Plan being implemented (i.e., Master Plan): 2012 Water System Facilities Plan and 2016 Water Management Plan Justification and Alignment with Program/Sub-Program Goals & Key Performance Indicators: Under long term buildout conditions the City may be unable to provide adequate water supplies. As outlined in the 2016 Water Management Plan, buildout demand was set at 6,700 acre-feet. Firm yield for supply are projected at 6,500 acre-feet corresponding to a shortfall of 200 acre-feet. The Plan provided for 11 recommendations: including the acquisition of 200 acre-feet of additional water supplies. Department Priority Ranking: High Request Number: (Finance Use)