Finance Committee Agenda and Packet 2022 06 13

Home Browse Search

LL City0r Louisville COLORADO • SINCE 1878 To: Finance Committee Memorandum I Department of Public Works From: Kurt Kowar, P.E., Director of Public Works and Utilities Cory Peterson, P.E., Deputy Director of Utilities Date: June 13, 2022 Re: Utility CIP requests 2023-2028 To provide both a high level and a focused approach, the following is an outline of the proposed utility 6-year Capital Improvement Project requests (2023-2028) for the upcoming budget process. The first table provides an overview of the number of projects and the cost estimates per fund. Subsequent to this will be a brief description of proposed new projects or current projects with significant changes. Projects that are noted with bold text are those that were referenced in the corresponding Fire Impact memorandum. The last section provides early utility rate impacts. Fund 2021 Carryover Approved New/Modified Water 12 ($4.3M) 1 15 ($16.7M) 1 7 ($24.7M) Wastewater 5 ($1M) 4 ($2.7M) 6 ($3.5M) Stormwater 3 ($1.8M) 2 ($1 M) 2 ($2.5M) *Note: All carryover projects are either: complete, underway or scheduled Projects: Name: Meter Replacement and Meter Enhancements Fund: Water Original Budget: $3.1M and $0 ($3.1M) Budget: $3.8M and $12M ($15.8M total) Outside Funding: $0-$12M (mitigation grant) The Meter replacement program is designed to update all water meters in the City with new smart technology and provide more accurate measurement and features. The increase in cost from 2021 is a result of supply issues and actual bid results received recently. The meter enhancements project was developed in response to the Marshall Fire and is proposed to move all meters outside and to allow for the incorporation of remote shutoffs and the installation of backflow devices to protect the system in future emergency responses. 10