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HomeMy WebLinkAboutAgenda Bill 1A 10/13/2009 to ewe ~ ... ~ ~ ^~~~ CLTY OF PETALUMA~ CALIFORNIA VGTC7~E:~ ~ `~~ ~~~' ~~1~~ ~~~ Agenda Title: Receive .Staff Report Pursuant to California Elections Code 1V$eeting Date: October 13, 2009 Section 9212 Concerning the Potential Fiscal and Other Impacts of a Proposed Initiative to Reduce City of Petaluma Wastewater Service Rates to Meeting Time: 6:00 PM Rates in Effect on January 1, 2006. Discussion and Possible Action to Adopt Ordinance Reducing City of Petaluma Wastewater Service Rates to Rates in Effect on January 1, 2006; or, Submit the Ordinance to the Voters Pursuant to Subdivision (b) of California Elections Code Section 1045. Category: ^ Presentation ^ Appointments ^ Consent ^ Public Hearing ®Unfinished Business ^ New Business Department: Director: Contact Person: Phone Number: City Clerk Claire Cooper Claire Cooper 778-4361 City Attorney Eric Danly Eric Danly 778-4362 Water Resources and Mike Ban Mike Ban 778-4546 Conservation Total Cost of Proposal or Proiect: Name of Fund: Account Number: Amount Budgeted: Current Fund Balancer 1Zecommendation: It is recommended that the City Council take the following action: Adopt the proposed resolution (Attachment 5), submitting the measure for the November 2, 2010 ballot. 1. ^ First reading of Ordinance approved unanimously, or with unanimous vote. to allow posting prior to second reading 2. ^ First reading of Ordinance approved without unanimous vote: Ordinance has been published/posted prior to second reading; see Attachment 3. ^ Other action requiring special notice: Notice has been given, see Attachment Summary Statement: On January 15, 2009 a voter initiative was filed with the City Clerk. If approved, the initiative would reduce the City wastewater service rates updated effective January 1, 2007, to rates established by Resolution No. 2002-189, which were the rates in effect on January 1, 2006. A title and summary of the initiative was provided to the initiative filer on January 29, 2009. On July 22, 2009, initiative proponents filed with the City Clerk documents purporting to include 334 petition sections and 1586 signatures. The initiative petition sections received on July 22"d were forwarded to the Sonoma County Clerk pursuant to an agreement between the City of Petaluma and the County of Sonoma concerning the provision of certain election services. The County Clerk provided a certificate concerning its review of the petition sections. In accordance with the Elections Code, the City Clerk examined the petition sections and certified the results of her examination at the September 14`h City Council meeting. At that meeting, the Council also ordered the preparation of a report concerning fiscal and other impacts of the proposed initiative (Attachment 6). Pursuant to Elections Code section 9215, the City Council must take action to either: 1) adopt the initiative measure without alteration at tonight's meeting or at a regular meeting within 10 days; or 2) submit the measure for the November 2, 2010 ballot. Attachments to Agenda Packet Item: 1. Notice of Intentto Circulate .Petition and Certification by Proponent Regarding Use of Signatures 2. Title and Summary for Proposed Initiative 3. County Clerk's Certificate 4; City Clerk's Certificate 5. Resolution Submitting the;Proposed Initiative for the November 2, 201.0 Election 6. Report on `Potential Fiscal and Other Impacts. of Proposed .Initiative Rev,~ewed 6v Finance Director: Reviewed hv•(',ity Aftnrrrev~ Annrn~Ard-l~v-a°,it~ wr~.,~aP.-• Dater ~ o 8(09 ~ v Date: w ~ ~~ ~d Date'Last Revised: 2 CITY ®~' PETAI.UlVIA, CALIF®RNIA ®ctober 13, 2009 AGENDA DEPORT FOR RECEIV E STAFF REPORT PURSUANT TO CALIFORNIA ELECTIONS CODE SECTION 9212 CONCERNING THE POTENTIAL )FISCAL AND OTHER IMPACTS OF A PROPOSED INITIATLVE TO REDUCE CITY OF PETALUMA WASTEWATER SERVICE RATES TO RATES IN EFFECT ON JANUARY 1, 2006. DISCUSSION AND POSSIBLE ACTION TO ADOPT ®RDINANCE REDUCING CITY OF PETALUMA WASTEWATER SERVICE RATES TO RATES IN EFFECT ON JANUARY 1, 2006; OR, SUBMIT THE ORDINANCE TO THE VOTERS PURSUANT TO SUBDIVISION (B~ OF CALIFORNIA ELECTIONS CODE SECTION 1045. RECOMMENDATION: Adopt the proposed resolution attached as Attachment 6, submitting the. measure for the November 2, 2010 ballot. 2. )BACKGROUND: A proposed initiative measure, notice of intent to circulate petition, and certification regarding use of signatures was filed by James Fitzgerald on behalf of a group called "Petalumans for Fair Utility Rates" ("PFUR") on January 15, 2009. The proposed initiative was provided to the City Attorney's office for preparation of a ballot title and summary under Elections Code Section 9203. The ballot title anal summary were provided to Mr. Fitzgerald on January 29, 2009. The initiative, notice of intent to circulate and certification regarding use of signatures are contained in Attachment 1. The title and summary are contained in Attachment 2. The initiative would reduce City wastewater rates to the rates in effect January 1, 2006. The initiative also includes a severability clause and provides that it may only be amended by voter approval. On July 22, 2009, Mr. Fitzgerald, on behalf of PFUR, filed documents purporting to include 333 initiative petition sections and 1,586 signatures, and asserting that 21,850 ballots were cast in Petaluma for the November 2006 gubernatorial election, and that therefore, under Article XIIIC, Section 3 of the California. Constitution, 5% of the votes cast, or 1093 valid signatures were required for certification of the measure. The July 22 initiative petition submission was forwarded that day to the Sonoma County Clerk pursuant to an agreement between the City of Petaluma and the County of Sonoma providing for the. performance of certain election services by the County Clerk. On July 24, 2009, the County Clerk's office provided a certificate stating that the petitions were received by the County Clerk on July 22, 2009; the petitions consisted of 333 sections and had attached to them affidavits purported to be of the signature gatherers containing the dates the signatures were gathered, and stating that signatures were signed in the gatherers' presence; that the County Clerk verified signatures by examining County voter registration. records, and that the County Clerk counted the following signatures: 3 Unverified (raw count) 1,579 Verified signatures 1,370 Verified, sufficient, signatures 1,169 Verified signatures not sufficient 201 The County Clerk's certificate also gave 1093 as the required number of signatures for certification, and provided a statistical breakdown of the signatures checked. See. Attachment 3. 3. DISCUSSION.: In accordance with the Elections Code, the City Clerk, as the City Elections Official, had 30 working days from July 22, or until September 2, 2009, to examine the petition sections and determine their sufficiency. The City Clerk certified the sufficiency of the petitions at the next regular City Council meeting on September 14, 2009. See Attachment 4. At the September 14`" meeting, the City Council also ordered staff to submit a report concerning potential fiscal, general plan and zoning, land use, infrastructure, and other impacts of the initiative pursuant to Elections Code Section 9212. See Attachment 6. Elections Code Section 9215 now requires the Council to 1) adopt the initiative measure without alteration at tonight's meeting or a regular meeting within 10 days of tonight's meeting; or 2) submit the measure for the November 2, 2010 ballot (staff recommendation, see Attachment 5, Resolution Ordering the Submission, etc.). 4. )FINANCIAL AND GENERAL PLAN IMPACTS: Potential financial impacts on the City are described in the Report on Potential Fiscal and Other Impacts of Proposed Initiative to Reduce City of Petaluma Wastewater Service Rates to Rates in Effect on January 1, 2006, Attachment 6 ("Report"). They include, in addition to reduction of wastewater service rates for City wastewater customers: litigation costs related to determining the initiative's validity; liability from defaulting on the State Revolving Fund loan; liability from defaulting on outstanding wastewater revenue bonds; liability due to breach of matching :grant obligations; reduced funding for City and Petaluma Community Development Commission debt-funded projects; increased finance costs for the wastewater enterprise; negative impact on existing City credit; increased cost and/or unavailability of debt financing for other City operations; City liability for unfunded -debt service; cuts in other City department operating budgets to replace lost wastewater revenues from General Fund revenues; a reduced ability of the City's General Fund to grow over time; and insolvency of the City if insufficient funds are available from other sources to replace lost wastewater revenues and maintain essential services. In addition to fiscal impacts, reduced revenue from the proposed initiative could jeopardize implementation of the City's recycled water program which is necessary to offset potable water use and thereby provide additional potable water supply for General. Plan 2025 development. The proposed initiative is therefore inconsistent with General Plan 2025 water supply goals, policies and programs. The proposed initiative is also inconsistent with other General Plan 2025 goals, policies and programs, as more fully described in the Report. These include maintaining wastewater system facilities that protect the environment and meet regulatory discharge requirements, preserving groundwater for emergency and peak demand uses, and providing adequate services for General Plan buildout to meet State and General Plan 2025 housing goals and General Plan 2025 fiscal health and economic sustainability goals. . 1305579.2 A!-4c~,.ch m~r,~ 1 NOTICE OF INTENT TO CIRCULATE PETITION Notice is hereby given by the persons whose names appear hereon of their intention to circulate a petition within the City of Petaluma for the purpose of reducing wastewater rate increases made in City Council Resolution No. 2007-023. A statement of the reasons of the proposed action as contemplated in the petition is as follows: I) Many seniors, renters, small businesses and low-income families will not be able to afford the huge rate increases adopted by the Petaluma City Council. 2) Development must contribute its fair share of the cost to increase the capacity of the wastewater system and not unduly burden the existing ratepayers. 3) The City of Petaluma has been misappropriating wastewater revenues to cover the general fund expenditures in violation of the Charter of the City of Petaluma. ~s Mr. J nes W. Fitzgeral3oard Member, Pet umans for Fair Utility Rates 405 Via Gigi Street Petaluma, CA 94952 5 Initiative Measure to be Submitted to the Voters THE PEOPLE OF THE CITY OF PETALUMA DO ORDAIN AS FOLLOWS: SECTION I: The rate schedule for wastewater service set forth in Resolution No. 2007-023 of the Petaluma City Council shall be reduced to the rates established by Resolution No. 2002-189, which were the rates in effect on January 1, 2006. SECTION II: [f any provision of this measure or the application thereof to any person or circumstances is held invalid, that invalidity shall not affect other provisions or applications, and to this end the provisions of this measure are severable. SEC`hION l Il: This measure may not be amended except upon voter approval. ID Certification by proponent of initiative measure; use of signatures I, James W. Fitzgerald, acknowledge that it is a misdemeanor under state law (Section 18650 of the Elections Code) to knowingly or willfully allow the signatures on an initiative petition to be used for any purpose other than qualification of the proposed measure for the ballot. I certify that I will not knowingly or willfully allow the signatures for this initiative to be used for any purpose other than qualification of the measure for the ballot. ames W. Fir_ger Dated this 7`h day of January, 2009 1 ~{-~ 0.Ch m>=r1~ 2- INITIATIVE TO REllUCE CURRENT CITY OF PETAL,UMA WASTEWATER SERVICE RATES TO RATES IN EFFECT ON JANUARY I, 2006 The initiative measure would reduce the wastewater service rate schedule established by City of Petaluma Resolution No. 2007-23, effective February 1, 2007, to the rates that were in effect on January 1, 2006 pursuant to City of Petaluma Resolution No. 2002-189. If any provision or application of the initiative measure is held invalid, that invalidity is not intended to affect any other provision or application of the initiative measure. "1'he initiative measure may not be amended except by subsequent voter approval Dated: January 29, 2009 1187431.1 ..~-_~ ~i ,\ I3 ~` y Eric W. Danly City Attorn~y, City of Petaluma 8 A}}0.Ch m~~'~' 3 CLERK'S CERTIFICATE TO INITIATIVE PETITION I, JANICE ATKINSON, SONOMA COUNTY CLERK AND REGISTRAR OF VOTERS, COUNTY OF SONOMA, STATE OF CALIFORNIA, HEREBY CERTIFY: That the Initiative to Reduce Current City of Petaluma Wastewater Service Rates to Rates in Effect on January 1, 2006, Initiative petition was received by our office on July 22, 2009. Said petition consists of 333 sections; That each section contains signatures purporting to be the signatures of qualified electors in the City of Petaluma, County of Sonoma; That attached to each section of this petition at the time it was filed was an affidavit purporting to be the affidavit of the person who solicited the signatures, and containing the dates between which the purported qualified electors signed this petition; That the affiant stated his or her own qualification, that he or she had solicited the signatures upon that section, that a{I of the signatures were made in his or her .presence, and that to the best of his or her knowledge and belief each signature to that section was the genuine signature of the person whose name it purports to be; That I verified the required number of signatures by examining the records of registration in this county, current and in effect at the respective purportive dates of such signing to determine what .number of qualified electors signed the petition, and from that examination I have determined the following facts regarding this petition: 1) Number of unverified signatures filed by proponent (raw count) 1,579 2) Number of verified signatures 1,370 a) Number of signatures found sufficient 1,169 b) Number of signatures found not sufficient 201 (1) Not sufficient because duplicate 4 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal this 24'h day of July, 2009. JANICE ATKINSON SONOMA COUNTY CLERK & REGISTRAR OF VOTERS ~ ~ BY:y~ ,1 ~~~7~~_!~~ t~~c.~~~--~_<.~ Deputy Debra Russotti, Deputy /,V oci 4J. i ~ 1 g% >~ ~ -- Petition Result Breakdown 49- Petaluma:~Reduce Wastewater Service Rates , Petaluma Reduce Wastewater Service Ratf~s Signatures Required 1093 Raw Count 1,579 Sample Size 1,579 Percent of Percent of Sigs Checked 1,370 Sigs Checked Sample Size Sigs Not Checked 209 13.2.% Sigs Valid 1,169 85.3 % 74.0 Sigs Invalid 201 14.7 % 12.7 % Duplicated 4 0.0 % 0.3 Non-duplicate Invalids 197 14.0 % 12.5 . - ., RESULTABBR t RESULT DESCRIPTION Approved Approved 1,169 85.3 NotReg Not Registered 119 8.7 % OutOfDist Out of District 7 0.5 Duplicate Signed more than once 4 0.3 RegLate Registered Late 2 0.1 % RegDiffAdd Registered at a Different Address 37 2.7 Cantldnffy Cannot Identify 3 0.2 % NoResAdd No Residence Address Given 6 0.4 SigNoMatch Signatures Don't Match 23 1.7 l0 ~MR012 -Petition Result Breakdown Page 1 of 1 ~inted: 7/24/2009 8:37:28AM ~'E ~ Q.G~'1 m Lt1 City Clerk's Certification (Cal. Elec. Code. §9114) Initiative to Reduce City of Petaluma Wastewater Service Rates to Rates in Effect on January 1, 2006 The following certification is made by the Petaluma City Clerlc in her capacity as Elections Official for the City of Petaluma pursuant to Elections Code Section 9114 and other applicable law. In accordance with Section 9114 the Elections Official is required to examine initiative petitions and to determine whether they are signed by the requisite number of voters within 30 days (excluding Saturdays, Sundays, and holidays} from the date of the filing of the petition, and, if the petition is found sufficient, to certify the results of the examination at the next regular meeting of the legislative body. Factual Background On January 15, 2009, James Fitzgerald filed an initiative measure, notice of intent to circulate petition and certification regarding use of signatures for an initiative on behalf of a group called "Petalumans for Fair Utility Rates" ("PFUR") that would reduce the City of Petaluma wastewater service rates to rates in effect January 1, 2006. The initiative measure also provided that it could not be amended except by voter approval and included a severablity provision. The measure was submitted to the City Attorney for preparation of ballot title and summary wluch were provided to Mr. Fitzgerald on January 29, 2009. On July 22, 2009, initiative proponents filed doctunents purporting to include 333 petition sections containuig 1,586 signatures, and asserting that 21,850 ballots were cast in Petaluma for the November 2006 gubernatorial election, and that therefore, under Article XIIIC, Section 3 of the California Constitution, 5% of the votes cast or 1093 valid signatures are required. for certification of the measure. The July 22, 2009 submission was forwarded that day to the Sonoma County Clerk pursuant to an agreement between the City of Petaluma and the County of Sonoma providing for the performance of certain election services by the, County Clerk. On July 24, 2009; the County Clerk's office provided a certificate stating that: the petitions were received by the County Clerlc July Z2, 20Q9, the petitions consisted of 333 sections and had attached affidavits puuporting to be of the signature gatherers containing the dates the signatures were gathered and stating. that signatures were signed in the gatherers' presence; that the Co~.uity Clerk verified signatures by examining County voter registration records; and the County Clerk counted the following signahres: Unverified (raw count} 1,579 Verified signatures 1,370 Verified, sufficient signatures 1,169 Verified signatures not sufficient 201 Verified signatures not sufficient because duplicate 4 The County Clerk's certificate also gave 1093 as the required number of signatures for certification. Certification The undersigned has examined the petition sections submitted July 22, 2009 in accordance with California .Elections Code Section 9114 and the substantive and procedural requirements contained in California Elections Code Section 9200 et seq., and certif es that: 1. The required number of signatures to qualify the initiative for the ballot is 1093 in accordance with Article XIIIC, Section 3 of the California Constitution and California Elections Code Section 9035. 2. The petition .includes 1,169 sufficient signatures in accordance with the requirements of California Elections Code Section 9200 et seq. and other applicable law, acid therefore is sufficient pursuant to California Elections Code Section 9114. L.~~ ~- Claire Cooper Petaluma City Clerk Date 1290929.1 t2 Resolution No. 2009=XY~ N.C.S. of the City of Petaluma, California A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PETALUMA ORDERING THE SUBMISSION TO TIJIE QUALIFIED ELECTORS OF THE CITY OF AN ORDINANCE TO REDUCE CITY OF PETALUMA WASTEWATER RATES TO RATES IN EFFECT ON JANUARY 1, 2006 AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON TUESDAY, NOVEMBER 2, 2010, REQUESTING THE SONOMA COUNTY BOARD OF SUPERVISORS TO CONSOLIDATE SAID ELECTION WITH THE NOVEMBER 2, 2010 STATEWIDE GENERAL ELECTION AND PROVIDING FOR SUBMISSION OF BALLOT ARGUMENTS AND REBUTTALS WHEREAS, on January I5, 2009, a voter initiative was filed with the Petaluma City Clerk which, if approved by a majority of City voters, would reduce the City wastewater service rates to rates in effect January 1, 2006; and WHEREAS, on January 29, 2009, a title and summary of the initiative was provided to the initiative filer; and WHEREAS, on July 22, 2009, proponents of the initiative filed with the City Clerk documents purporting to include 333.petition sections containing 1,586 signatures; and WHEREAS, the initiative petition sections received July 22, 2009, were forwarded to the Sonoma County Clerk pursuant to an agreement between the City of Petaluma and the County of Sonoma concerning the provision of certain election services; and WHEREAS, the County Clerk has provided a certificate concerning review of the petition sections; and WHEREAS, Elections Code Section 9114 requires the City Clerk, as the City Elections Off ciao, to examine such petition sections and determine the sufficiency thereof within 30 working. days (excluding holidays) of filing of the petition, or by September 2, 2009,City Council meeting; and WHEREAS, Elections Code Section 9114 provides that if the City Clerk determines the petitions to be sufficient, the Clerk shall certify the results of her examination to the City Council at its next regular meeting; and WHEREAS, Elections Code Section 9215 requires that upon certification by the City Clerk to the City Council, the City Council must take one of three actions prescribed under that section, namely: 1) adopt the ordinance, without alteration, at the meeting at which the petition is certified, or a regular meeting within 10 days of that meeting, 2) ~~ submit the ordinance to the voters pursuant to Elections Code Section 1405, subdivision (b) at the next regular municipal election , or 3) order staff to submit a report concerning potential fiscal, general plan and zoning, land use, infrastructure, and other impacts of the initiative within 30 days of the meeting at which the petition is certified; and WHEREAS, the City Clerk has certified the sufficiency of the petition in accordance with Elections Code Section 9114 and other applicable law; and WHEREAS, November 2, 2010 is the date of the City's next regular municipal election; and WHEREAS, Section 4 of Article III of the Petaluma City Charter provides that except as otherwise specified in the Charter, all regular and special city elections are to be held in accordance with the Elections Code, as amended; and WHEREAS, Section 76 of Article XII of the Petaluma City Charter provides that ordinances maybe enacted by and for the city pursuant to Division 4 (now.Division 9) of Chapter 3, Article 1 of the Elections Code, as amended; and WHEREAS, provisions of the Elections Code set forth the procedures and requirements for the submission of measures to the voters, including: consolidation of municipal and statewide elections, placement on the ballot, amendment and withdrawal, submission of ballot arguments, preparation of impartial analysis and rebuttal arguments; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PETALUMA DOES HEREBY RESOLVE AS FOLLOW: 1. Pursuant to the requirements of the City of Petaluma Charter, California Elections Code Section 9215(b) and other applicable law, there is called and ordered to be held in the City of Petaluma, California, on Tuesday, November 2, 2010, an election for the purpose of submitting to the voters a measure that would reduce City of Petaluma wastewater service rates to rates in effect on January 1, 2006. 2. The ballot language for the proposed ordinance shall be as follows: 1VIEASiJRE "Shall an ordinance be adopted to reduce City of Petaluma wastewater service rates to rates in effect on January 1, 2006? YES NO ly 3. The measure to be approved by the voters pursuant to Section 2 of this resolution is as set forth in Exhibit A attached hereto. 4. (a) An election on the measure set forth in Section 2 shall be held in conjunction with the municipal election to be-held in the Cityof Petaluma on Tuesday, November 2, 2010. In accordance with the Petaluma City Charter and California Elections Code Section 10403, the City Council requests that the Board of Supervisors of Sonoma County consolidate the election on the measure with the statewide general election on the same day and issue instructions to the Sonoma County Election Department to take any and all steps necessary for the holding of the consolidated election. (b) The election on the measure set forth in Section 2 shall be held and conducted, the votes canvassed and the returns made, and the results ascertained ,and determined as provided for herein and the Elections Code. (c) The election for the measure set forth in Section 2 shall be held in Sonoma County in the City of Petaluma on November 2; 20.10, as required bylaw, and the Sonoma County Election Department is authorized to canvas the returns of that election with respect to the votes cast in the City of Petaluma. (d) At the next regular meeting of the City Council of the City of Petaluma occurring after the returns of the election for the measure set forth in Section 2 have been canvassed and the certification of the results to the City Council, the City Council shall cause to be entered in its minutes a statement of the results of the election. 5. (a) In accordance with Elections Code Section 9282 and 9283, arguments submitted for or against the measure shall not exceed 300 words in length, and shall be printed upon the same sheet of paper and mailed to each voter with the sample ballot for the election and may be signed by not more than five persons. (b) In accordance with Elections Code Section 9282, the following headings, as appropriate, shall precede the arguments' wording, but shall not be counted in the 300 word maximum: "Argument Against Measure " or, "Argument For Measure " (the blank spaces being filled only with the letter or number,. if any, designating the measure). (c) In accordance with Elections Code Section 9283, printed arguments submitted to voters in accordance with Section 9282 of the Elections Code shall be filed with the City Clerk, accompanied by the printed name(s) and signature(s) of the author(s) submitting it, or if submitted on behalf of an organization the name of the organization and the printed name and' signature of at least one of its principal officers. Arguments are due in the office of the City Clerk prior to 5:00 p.m. on Monday, Aug~lst 1,(; 2~1 ~. 15 (d) The City Council may authorize, by motion, a member or members to prepare a draft argument against the measure and to return the draft for consideration and adoption by the City Council at a duly noticed meeting of the City Council. In accordance with Elections Code Section 9287, any council members authorized by the City Council to do so may sign the argument against the measure: However, in accordance with Elections Code Section 9283, if the argument against the measure is signed by more than 5 council members, only the signatures of the first five council members to sign the ballot argument will be printed with the ballot argument. (e) Alternatively, the City Council may authorize, by motion, a member or members of the City Council to cooperate with members of the community and/or interested parties and/or organizations to prepare a draft argument against the measure. 6. (a) Pursuant to Elections Code Section 9285, when the City Clerk has selected the arguments for and against the measure, that will be printed and distributed to the voters, the City Clerk shall send copies of the argument in favor of the measure to the authors of the argument against, and copies of the argument against to the authors of the argument in favor. Rebuttal arguments shall be printed in the same manner as the direct arguments. Each rebuttal argument shall immediately follow the direct argument that it seeks to rebut. (b) Rebuttal arguments shall not exceed two hundred fifty words and maybe signed by more than five persons, however, only the first five persons to sign will be printed with the ballot measure. The persons that sign the rebuttal arguments may be different persons than the persons that signed the direct arguments. (c) The last day for submission of rebuttal arguments for or against the measure shall be by 5:00 p.m. on Thursday, August 26, 2010. (d) All previous resolutions providing for the filing of rebuttal arguments for City of Petaluma measures are repealed. The provisions of this resolution concerning rebuttal arguments shall only apply to the election to be held on November 2, 2010, and following the conclusion of that election are repealed. 7. In accordance with Elections Code Section 9280, the City Attorney is directed to file with the City Clerk by August l6, 2010, an impartial analysis of the measure, not to exceed five hundred words, showing the effect of the measure. 8. The City of Petaluma recognizes that additional costs maybe incurred by the County by reason of the measure and agrees to reimburse the County for such costs. The City Manager is hereby authorized and directed to appropriate the necessary funds to pay for the City's cost of placing the measure on the election ballot. 9. (a) The City Clerk is directed to f le a certified copy of this resolution with the Board of Supervisors of Sonoma County and the Sonoma County Elections ~ ~ID Department on or before August 6, 2010. The City Clerk is hereby authorized and directed to take all steps necessary to place the measure on the ballot and to cause the measure attached as Exhibit A to be published once in a newspaper of general circulation, or any other newspaper designated as the official newspaper of the City of Petaluma, in accordance with California Elections Code Section 12111 and California Government Code Section 6061. A copy of the measure shall be made available to any voter upon request. The City Clerk is authorized and directed to give further additional notice of the measure in time, form and manner as required bylaw. (b) In all particulars not recited in this resolution, the election shall be held and conducted as provided by law for holding municipal elections. PASSED AND ADOPTED this 14th day of September, 2009, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Pamela Torliatt, Mayor Claire Cooper, City Clerk ~ 1., EXEIBIT A The People of the City of Petaluma do ordain as follows: SECTION I: The rate schedule for wastewater service set forth in Resolution No. 2007-023 of the Petaluma City Council shall be reduced to the rates established by Resolution-No. 2002-189, which were the rates in effect on January 1, 2006. SECTION II: If any provision of this measure or the application thereof to any person or circumstances is held invalid, that invalidity shall not affect other provisions or applications, and to this end the provisions of this measure are severable. SECTION III: This measure may not be amended except upon voter approval. 1285100.3 ~~ v~,. REPORT ON POTENTIAL FISCAL AND OTI~ER IIVIPACTS OF PROPOSED INITIATIVE TO REDiJCE CITY OF PETALUIVIA WASTEWATER SERVICE RATES TO RATES IN EFFECT ON JANiJARY 1, 2006 IN ACCORDANCE WITII CALIFORNIA ELECTIONS CODE SECTION .9212 1 Report on Potential Fiscal, and: Other Impacts of Proposed Initiative to Reduce City of Petaluma Wasfewater Service Rates to Rates in Effect on January 1, 2006 (Report Ordered by Direction of the Petaluma. City Council on September 14, 2009 pursuant to .California Elections Code Section 9212) INTRODUCTION -THE -2009 PROPOSED WASTEWATER RATE REDUCTION INITIATIVE On January 7, 2009, Petaluma. received a notice of intent to circulate a petition to qualify a ballot initiative that would reduce City of Petaluma wastewater service rates to rates in effect on January 1, 2006. The summary of the proposed initiative, as prepared by the City Attorney and supplied to the initiative proponents, reads as follows: The initiative measure would reduce. the wastewater service rate schedule established by City of Petaluma Resolution No. 20.07-023, effective: February 1, 2007, to the rates that were in effect on January 1,.2006 pursuant to City ofPetaluma Resolution No. 2002-189. If any provision or application of the initiative measure is held invalid, that invalidity is not intended to affect 'any other provision or application of the initiative measure. The initiative measure may not be amended except by subsequent voter approval. The wastewater service rates for 2007 through 2011 were adopted'by City Council Resolution No. 2007-023, which became effective February 1, 2007.. The proposed initiative measure :is ;a subset. of Measure K, the rate reduction ballot initiative presented. to, and rejected by; -Petaluma- voters at the November; 2008 election. There are two differences between the proposed initiative measure and Measure K. Unlike Measure K, the proposed measure seeks only- to rollback. wastewater (sewer) rates;. rather than both water and wastewater rates, and the proposed measure does: not expressly limit .future rates. The petition for the proposed. initiative was circulated and signed ,petition documents filed with the City Clerk.. on July 22, 2009.: The City Clerk certified the :petition documents as sufficient on September 14, 2009. That same day the City Council directed City staff to report within 30 days on~ signifi'cant potential impacts of the .initiative. The. purpose of this report is to discuss significant potential f'-seal and .other impacts of the proposed initiative, and to provide background information concerning Petaluma's wastewater utility and its; financial structure to assist City decision makers and members of the public in understanding the impacts of the proposed initiative. Elections Code Section 92.12 provides that reports under that- section may consider, in addition to fiscal impacts of a proposed. initiative, a proposed initiative's effect on the internal consistency of the general plan; on land uses, the ability to meet housing needs; funding for infrastructure, the vitality and viability of the business climate and redevelopment programs, and any other relevant matters. 2 PETAL><J1VIA'S WASTEWATER UTILITY The wastewater rates adopted by the City Council on January 22, 2007 under Resolution No. 2007-023 support operation and maintenance of a wastewater system that provides 24-hour collection, treatment, disposal and reuse of domestic, commercial and industrial wastewater generated. by over 55,000 residents and businesses in Petaluma and approximately 1,500 residents and businesses in the unincorporated Sonoma County community of Penngrove. Petaluma's wastewater is collected. through an underground network of over 190 miles of collection system pipeline. A network of nine collection system pump stations pump the wastewater to the City's new Ellis Creek Water Recycling Facility. Treated wastewater is released to the Petaluma River during the winter, and recycled during the summer for irrigation of 700 acres of agricultural land, wo golf courses and a vineyard. Increases in Petaluma's wastewater ,rates were required. to cover ongoing operation and maintenance costs, to meet debt service obligations, and to fund the utility's capital improvement program, including construction of the Ellis Creek Water Recycling Facility to replace the City's Hopper Street- Wastewater Treatment Facility, the C Street Pump Station, Upgrade Project, expansion of the recycled water program, and replacement of worn and deteriorated. sewer pipelines. The Hopper Street facility, which was originally constructed in 1938, could not meet anticipated.. growth in the community, did not produce tertiary recycled water, could not consistently .meet current permit requirements, ~ could not meet future permit requirements,2 did not have odor control, and was ..near the end of its useful. hfe.3 The Ellis Creek Water Recycling Facility was designed to accommodate growth anticipated under the City's General Plan, and to: ® Comply with Federal, State and regional air and water quality regulations; ® Protect the water quality of the Petaluma River and the San Francisco Bay by treating wastewater in an environmentally sensitive manner; ® Stabilize and treat biosolids ,generated in the wastewater treatment process to EPA's Class B standards to permit beneficial reuse of the biosolids; ® Produce tertiary .recycled water in, accordance with California Title 22 regulations to provide recycled water for irrigation users throughout the City; and ~ From January 2000 through April 2004, the City was assessed mandatory minimum penalties totaling $162,000 for fifty-four permit violations at the Hopper Street facility. z For example, the new NPDES permit includes. lower Total Suspended Solids (TSS) limits which reduce the monthly TSS average from 45 mg/L to 30 mg/L and the weekly TSS average from.65 mg/L to 45 mg/L, which the Hopper Street`facility could not meet. a A 2001 evaluation. determined many of the facilities at Hopper Street were not' useable for long term treatment because they lacked adequate capacity, were in very poor condition, did not meet current building standards and would be costly to upgrade. 3 ® Provide storage in the oxidation ponds necessary to support the recycled water program for the period from May 1 to October 20 when discharge to the Petaluma River is prohibited. Construction of the Ellis Creek Water Recycling Facility began October 2005 and was substantially completed June 2009. It is now in operation and treating 4.5 million gallons of wastewater per day (mgd), and producing about 4.3 mgd of recycled water for irrigation and use on-site. Tertiary recycled water is used on-site for plant process water, fire protection, landscape irrigation and toilet flushing. ~-1s the recycled water system expands, tertiary recycled water will be used for irrigation of urban areas currently dependent on drinking water, which will annually make over 460 million gallons of potable water supply available that would otherwise be used for irrigation. The plant is also producing approximately 20 tons of biosolids per day which are being beneficially reused to construct landfill cells. FINANCING FOR PETALUMA'S WASTEWATER UTILITY Revenue The City's wastewater enterprise generates the vast majority of its revenues from user charges. For the year ending June 30, 2009, the enterprise generated approximately $17.2 million in user charges.. User charge revenue for fiscal year 09-10 is estimated to be $19.3 million and for fiscal year 10-11 is estimated to be $21.8 million. Expenses Operating expenses for the wastewater utility include the cost of salaries and benefits for City staff, electricity and fuel, operating materials, supplies and equipment, and biosolids disposal and reuse. Expenses for operation and maintenance of the storm"drainage system are included in the wastewater enterprise. A well maintained storm drainage system benefits the wastewater system in that it serves to keep infiltration. and inflow (I&I) from the wastewater system. This reduces sanitary sewer flows through the wastewater collection system. into the treatment plant and helps keep the sizing of sanitary sewers and the treatment plant at appropriate levels and helps reduce operating costs. The wastewater enterprise transfers a portion of its revenue to the City of Petaluma's General Fund to cover its share of administrative and overhead costs for services provided by the General Fund 'to the wastewater enterprise such as utility billing, risk management and information technology. Total operating expenses (before debt service and interest) for the year ending. June 30, 2009, are estimated at $8.2 million. Budgeted operating expenses .during fiscal year 09-10 and fiscal year 10-11 are estimated at $11.3 million and $11.7 million, respectively. The increased expenses are attributable to increases ~in General Fund overhead costs and the estimated new costs associated with operation and maintenance of the Ellis Creek. Water Recycling Facility, which began operation during fiscal year 09-10. Costs for operation and maintenance of the Ellis Creek Water Recycling Facility are higher than the Hopper Street Facility because the Ellis Creek facility provides a higher level of wastewater treatment than the Hopper Street facility did. 4 Debt. Existing long-term. debt obligations of the wastewater utility are summarized as follows: 2000 Wastewater Revenue Bonds. These revenue bonds had a par value of $8;895,000 when issued. Annual. debt service payments are about $720,000 and will continue until 2020. The outstanding balance on the revenue bonds is $5,935,000. The revenue bonds were issued to fund the, Pond .Influent Pump Station Upgrade Project, the Disinfection Facility Upgrade Project, and planning and environmental documentation in support of the Ellis Creek Water Recycling Facility Project. 2005 State Revolving Fund Loan from the State Water Resources Control Board. The City obtained a loan from the ..State in 2005 for nearly $126 million at an interest. rate of 2.4% to assist in construction of the Ellis Creek Water Recycling Facility. At the end of September 2009, over $113 .million had been received by the City. Annual payments are estimated at nearly $7.8 million with a 20-year repayment. .term. Full principal and interest payments under the State Revolving Fund Loan commence in Apri12010. 2005 Revolving Lines of Credit. The City obtained two revolving lines of credit in 2005 to assist with the financing of the Ellis Creek Water .Recycl'ing Facility. This "bridge financing" was necessary because the State Revolving- Fund loan funding was not available until. after construction of the Ellis Creek WRF''began and the State Revolving Fund loan could not be used to refund expenditures that occurred prior to issuance of the loan: In addition, the State Revolving Fund loan. would not cover all the anticipated plant expenditures (such' as expenditures for builder's ri k insurance coverage, laboratory equipment, office furniture, and telephone systems), and annual disbursements of the State Revolving Fund were capped at $25 million, below the anticipated annual expenditures required for construction of the project. o BNP Paribas line. of credit of $75 million.. As of .August 28, 2009, the City had borrowed $14.3' million against the line of credit. The interest rate is variable and interest costs and fees to date have totaled about $3'64,000. The loan matures and full repayment of the amount.borrowed is due on,August 1, 2010. o Zions First National Bank line of credit of $25 million. As of August 28, 2009, the -City had borrowed $9.4 million against the line of credit. The interest rate for the first year is fixed at 3.88% and variable thereafter. Interest costs and fees in Fiscal Years 2008 and 2009 totaled about $352,000. The loan matures and .full repayment of the' amount borrowed is due on August 1, 2010. Each of `the City's long-term debt obligations on behalf of the wastewater utility are subject to debt agreements. containing various terms and conditions.: Summarized below are some of the -key debt covenants intended to minimize risk of the City's-creditors that are contained in the debt agreements. 5 The 2000 Wastewater Revenue Bonds require the City to maintain char~es for the wastewater system during each fiscal year which are sufficient to yield net revenues, excluding, connection fees, at least equal to one hundred percent (10,0%) of the wastewater enterprise debt service, and net revenues including :connection fees at .least equal to one hundred twenty-five percent (125%) of the wastewater debt service. Section 9 of'Exhibit A -.Scope of`Work of the City's agreement with the State Water Resources Control Board governing the State .Revolving Fund loan requires the City to maintain a user :charge system sufficient. to meet the requirements of Section 204(b)(1) of the federal Clean. Water. Act, which, together with :its implementing regulations, requires development of a user charge system that. generates cuff dent. revenue to pay the total operation and maintenance costs necessary for the proper ;operaton, maintenance and replacement of treatment works, and requires each recipient. of wastewater services to pay its proportionate share of the costs: Section 4.4 of Exhibit B -Budget Detail and Payment Provisions of the State Revolving :Fund loan agreement further requires the City to set rates sufficient to yield net revenues which: are equal to the debt service of the wastewater enterprise. This section also prohibits the City from reducing wastewater service rates, unless the net revenues from such reduced rates will at all times be sufficient to meet the requirements of Section 4.4. The City's loan agreements with Zions Bank and BNP Paribas .require that the City impose wastewater service rates and collect wastewater service rate proceeds so that net revenues of the wastewater enterprise, including connection fee proceeds, .equal at least 125% of the enterprise's annual debt service obligations. By August 1, 20.10 the City is required to repay all amounts borrowed against the two lines of credit. Anticipated. principal .balances on the two .lines of credit total about $26,676,0005. The City has planned to issue new .long-term debt (revenue bonds) to pay off the lines of credit by, the time the amounts borrowed'become due, as well as to obtain~~additional funds for planned capital improvement projects. The City has not yet begun the formal process of issuing new debt. The wastewater enterprise's current cash .balance is budgeted for an operations reserve and for part or all of several capital improvements; including the C Street Pump.. Station Upgrade Project, the Hopper Street Water Recycling Facility Decommissioning Project, Sewer Main Replacement projects, and the recycled water expansion program. Use of cash reserves to pay the line of credit debt would prevent 'the City from establishing an adequate operating reserve and from pursuing needed capital improvements. Capital Program The wastewater enterprise. is in the :midst of an extensive capital ..improvement program, which .includes construction of -the Ellis Creek Water Recycling Facility; which was completed in 2009. a Net revenues` means: the amount .of all gross charges received, for,: and:all other gross :income and revenues. derived by the City from, the ownership or operation of the wastewater system or otherwise arising. from the wastewater system during such.period; including transfers from any rate stabilization reserve accounts, less the amount of operations and maintenance:costs for such period. s This includes an estimated $3 million additional. amount to be borrowed in completing the Ellis Creek Water Recycling Facility construction program. 6 Total costs for this project are estimated at $159 million. Other planned capital improvements include: • The C Street Pump Station Upgrade Project, which includes flood protection (the pump station is located adjacent to the Petaluma River), replacement of worn pumps, provision of standby pumping capability (under the current operation, all pumps run during storm events which leaves no backup should a pump failure occur), and replacement of the emergency generator. • The Hopper Street Wastewater Treatment Facility Demolition Project, which includes decommissioning of the facility and demolition of above ground structures which are no longer used. • Various system improvement projects to replace or repair deteriorated pipe, manholes and pump stations. • Expansion of the water recycling system, which is a key component in the City's water supply plan. In .summary, over the next five fiscal years the City plans to invest $23 million in rion- replacement capital projects and $29 million in replacement capital projects, for a total investment of $52 million. Future Debt At present, it is anticipated that .the City would issue about $29.4 .million in new wastewater revenue bonds in 2010 in order to provide net proceeds sufficient to pay off the two lines of credit. Annual debt service related. to these bonds is estimated at about $2.1 million for 30 years. In addition, at present it is anticipated that the City would issue about $21 million in new wastewater bonds in 2012 to. provide needed funds for the capital improvement program. Annual debt service related to these bonds is estimated at about $1.5 million for 30 years. Baseline Financial Plan Exhibit 1, attached to this report, presents an updated financial plan that illustrates how the wastewater enterprise, under currently-approved wastewater rates, meets all its obligations for operations and maintenance, debt service and related coverage, and capital improvement program. needs, as well as maintains prudent operating and capital program reserves. PETALUMA WASTEWATER SERVICE RATES Wastewater rates for Petaluma commercial and industrial customers are based on a fixed service charge and a commodity charge based on wastewater produced, as measured by the water meter. Wastewater .rates for Petaluma residential customers consist of a fixed service charge plus a commodity charge based on average winter water usage. Basing the commodity charge on average winter water usage avoids charges for water that is used for irrigation outside the residence. This structure 'is more equitable than a flat wastewater charge, which is still used by many communities, and rewards indoor water conservation efforts. On January 22, 2007, the Petaluma City Council adopted a utility investment program supported by annual wastewater rate 7 increases to be phased in over afive-year period. The first increase became effective February 1, 2007. Subsequent increases occurred on January 1, 2008 and January 1, 2009. Wastewater rates for 2009, 2010 and 2011 are illustrated in Table 1. Table 1 Wastewater Rate Schedule for 2009, 2010 and 2011, )Effective January 1 of Each Year T e of Char e ~ 2009 2010 2011 Fixed Monthly Charge ($/month) Single-Family Residential 13.14 14.85 16.78 Multi-Unit Residential, per dwelling unit 13.14 14.85 16.78 Unmetered Residential, per dwelling unit 63.79 72.08 81.45 Commercial Low-Strength 13.14 14.85 16.78 Medium-Strength 1.3.14 14.85 16.78 High-Strength 13.14 14.85 16.78 Metered Industrial Users 13.14 14.85 16.78 Variable charge ($/hcf) Single-Family Residential 6.23 7.04 7.96 Multi-Unit Residential 6.23 7.04 7.96 Commercial Low-Strength 6:20 7.01 7.92 Medium-Strength 7:3 8 8.34 9.42 High-Strength 9.55 10.79 12.19 Metered Industrial Users Flow ($/hcf) 4.62 5.22 5.90 BOD ($/lb) 0.45 0.51 0.57 TSS ($/lb) 0.49 0.55 0.63 The average wintertime water usage for a single family .residential customer is approximately 8 hundred cubic. feet (h. cf) per morith (1 hcf = 748 galloris). Therefore the average single family wastewater bill in 2009 is $62.98 per month, calculated as follows: Fixed monthly charge = $13.14 Usage charge = $6.23/hcf Monthly wastewater bill = $13.14 + ($6:23/hcf x 8hcf) _ $62.98 A comparison of the 2009 monthly wastewater bill for single family residential customers using 8 hcf per month in the nine Sonoma County cities is provided in Figure 1. 8 Figure 1 `Estimated 1Vlonthly Year 2009 Wastewater Bill For Average Single Family Residential Customer :~~+r.orr $80.1)0 $"0.00 $60.00 '~SQ.n~) ~;atr.tut ~;o.an ~ZO.o±~ ~;io.oo ~u.rl0 ~~cia1W G~ ~~~ _i ~ _ . ~ ~ ~. ,;hoc `~~y`' ¢~a ~,~.'` t,. ~,c ~ ~s~ ~~~. Figure 1 is provided to illustrate how Petaluma's wastewater rates compare to other Sonoma County cities. There are signif cant differences. between the agencies. For example, Petaluma's and Healdsburg's rates support construction and operation 'of -new wastewater treatment plants, which were constructed. to replace antiquated facilities and meet. increasingly stringent water quality regulations; and are designed to produce tertiary treated water. The cities of Sebastopol, Santa Rosa, Cotati,~ and Rohnerh'Park are part of the City of Santa Rosa's Laguna Subregional System. Rohnert Park's rate refl'eets a wastewater initiative that passed in 2008 and reduced the average single family residential wastewater bill by $19.62 per month. The proposed initiative would reduce Petaluma's wastewater rates to those in effect on January 1, 2006: These rates are illustrated. in Table 2. 9 Table 2 Wastewater 12ate Schedule for January 2006 T e of Char a Rate Fixed 1Vlonthly Charge ($/month) Single-Family Residential $9.11. Multi-Unit Residential, per dwelling unit $9.11 Unmetered Residential, per dwelling unit $44.21 Commercial Low-Strength $9.11 Medium-Strength $9.11 High-Strength $9.'11 Metered Industrial Users $9.11 Variable charge ($/hcfj Single;-Family Residential $4.319 Multi-Unit Residential $4.319 Commercial Low-:Strength $4.298 Medium-Strength $5.113 :High-Strength $6:616 Metered Industrial Users Flow ($~hcfj $3.202 BOD ($/lb) $0.311 TSS ($~/lb) $0:340 The average single family residential customer's wastewater bill would be $43.66/month calculated as follows: Fixed monthly charge = $9:11 Usage charge = $4.319/hcf Monthly wastewater bill = $9.11 + ($4.319/hcf x 8hcf) _ $43.66 A comparison of the monthly wastewater bill for single family residential customers in Petaluma i~f the, proposed wastewater initiative passes with the eight other Sonoma County cities is provided. in Figure 2. 10 Figure 2 Estimated Monthly Wastewater Bill For Average Single Family Petaluma Residential Customer if the Proposed Wastewater Rate. Rollback Initiative Passes (Year 2011 Rate for Petaluma, Year 2009 Rates For ®ther Cities) ~~~(-.oi.- _ .___ _ _. $0.00 ........ ^, 0.0(1 ._ ... .........................._................................. $60.00 ... .............._.................................................. :4+SO:Ilf1 ~ .... ..... _.... $=10.00 '! $30.1)0 ..... ......................................... :fi10.00 ~ ~ $10:00 ~ E $1).00 `< . I ,...__ _...... ~~4~i 1,yC ` ~ Ci \~ a `p. `,~. G ;~ ~,~ ~~ ~La Q I _. _ I ~ I .•,~ ~. ~~a As shown in Figure 2, Petaluma' rates would be the second lowest in the County, lower than Rohnert.Park's rates, which were changed due to a,smilar wastewater initiative in 2008. It's important to note-that the: ".Petaluma :Initiative" rate shown in Figure 2 is a Year 2011 rate, whereas the rates for the other cities are 2009 rates. It is likely that some or all of the other cities will raise their rates in the next' fwo years. 11 ~....,.~ ~..,.............a~. ~ ~ ..._.._.....~ 4`~ ~,° ~~~~' a`' ,~„`~ IIVIFACTS OF TIFIE PROPtJSEI) INI'T'IA'T'IVE Significant potential `impacts of the pr"oposed initiative, if approved by the voters, are discussed below. 1. The' proposed initiative may be invalid. The proposed initiative may impair existing contract .obligations of the wastewater enterprise, including the bond and loan contract obligations described above, in violation of the contract clauses in the California and U.S. Constitutions. For example, if the proposed initiative takes effect, the City will be unable to satisfy the ratios of enterprise revenue to debt that are .required by the 2000 Wastewater Revenue :Bonds, the State Resolving .Fund loan; and the lines of credit. with Zions Bank and BNP Paribas, discussed "above. This can also be seen in Exhibits 1 and 2 to this report, which .compare Petaluma's wastewater enterprise finances without the proposed initiative (Exhibit 1 - ,Baseline) with. the proposed initiative's impact on wastewater enterprise finances (Exhibit 2). If the proposed initiative takes effect, it will also violate the prohibition against rate'reducfions in the State Revolving Fund loan, also discussed above. Exhibit 2 to this report :also shows that the proposed. initiative, if approved, would result in wastewater service rates insufficient to pay the debt service on the State Revolving Fund loan, in violation of Section 4.4 of the loan agreement. The proposed initiative may also impermissibly impair ether essential government powers, and impermissibly interfere with the City Council's fiscal responsibilities and ability under state law and the Petaluma Municipal. Code to set wastewater service charges at levels adequate to fund operating, capital, and debt costs of the City's wastewater enterprise. If the validity of the proposed. initiative measure is litigated, the wastewater enterprise (and the ratepayers) may incur. significant litigation expense. The proposed initiative may also impermissibly eonfl'ict with statutory and. regulatory requirements that apply to the City's wastewater enterprise.. For example, the rates imposed by the proposed initiative would be insuff cient to satisfy requirements for sewer revenue bonds, including. the .requirements in California Health and Safety Code Section 5040 that sewer rates be set "...sufficient in each year for the payment.. of the proper and .reasonable expenses of .operation, repair, replacement,. and maintenance of the works [wastewater facilities:], and .for payment of the principal of and the interest of the bonds." If the proposed initiative takes effect, it would probably also violate the requirements of California ~'S;tate Water Resources Control Board Order No.2006-003.; (Statewide General Waste Discharge `Requrernerits for Sanitary Sewer S,ystems). Provision 9 of Order No. 2006-Q03 .requires Petaluma to allocate adequate resources'for the operation, maintenance, and repair of its Sanitary sewer. system; by establishing a proper rate structure. It can be seen in Exhibit 2 to this: report. that the proposed initiative would prevent Petaluma from adequately funding sanitary sewer system operation, maintenance and repair. As discussed above; the State- Revolving, Fund agreement also .requires the City to .maintain a user charge system .sufficient to :meet the requirements of Section 204(.b)(l) of the federal Clean Water Act, which, together with its' implementing regulations; requires development of a user charge system that ;generates sufficient revenue to pay the: total operation and maintenance costs necessary for the proper operation, maintenance and replacement of treatment works, 12 and requires each, recipient of wastewater services to pay its .proportionate share of the costs. As can be seen from .Exhibit 2 to thus report,; the rates that would be imposed under the proposed initiative would violate the Clean Water Act requirements. 2. The reduction_in revenue created by the proposed initiative would negatively impact operation and mai'ritenance of the wastewater utility. Exhibit 2, attached to this report, presents a financial impact assessment of the proposed initiative. that illustrates' how the wastewater enterprise, under reduced wastewater rates, will be unable to meet. its obligations' for operation and maintenance, debt service and related coverage, and capital improvement program needs, as' well as maintain prudent operating and capital program reserves. Specific adverse impacts include: 2.1 Even prior' to the 2`01'0' :election the proposed initiative may be a "reportable event" with negative. effects on the City's Revolving. Credit Agreements with Zions Bank and BNP Paribas and the State Revolving Fund Loan, and Petaluma's credit rating generally. Once. the initiative has been certified and placed on the ballot, the City may be required by terms of its existing loan agreements to notify its lenders of the potential material adverse effects on the City's fiscal condition. This can affect the City's credit with these lenders and potentially affect other sources of .debt financing. Negative impact on the City's credit due to the proposed initiative could preclude or make more costly issuance of additional debt to repay the lines of credit; which become due on August 10, 2010. 2.2 The proposed initiative m_ay prevent the City -from makang payments to Zions First National .Bank and' BNP Paribas that are .due on August 1, ZO10 under -the City's Revolving Credit Agreements. As of the end of August 2009, the total. amount borrowed under both lines of ,credit of the sewer enterprise is about $23;675;000. Approximately $3 million more from these. lines of credit may be needed to fully complete the Ellis Creek facility. Current estimates ,indicate that the wastewater enterprise may be at least $8 million short of funds to repay the lines of credit (assuming all reserve wastewater enterprise funds are applied to pay the line of credit debt, regardless of the uses for which such reserve funds are .currently earmarked). If the City is unable to secure funds to repay the line, of credit debt when it matures on August 10, 2010; and defaults on one or both of the lines of credit, that default will have to be reported to the State Water Resources Control Board, under. the terms of-the State Revolving Loan Agreement. This may affect the City's credit':and' the City's obligations under the State Revolving- Loan fund agreement. 2.3 The proposed initiative could cause the City to default on its State Revolving Fund loan. Starting in April, 2010, annual 'principal and interest payments estimated at $7.8 ,million dollars, per year will be due on the State Revolving Fund Loan. As can be ,seen 'in Exhibit 2 fo this_ report, without adequate revenue from wastewater service charges, the City may be unable to pay the debt service on the State Revolving Fund loan and would be 'in default. on the loan,, absent General Fund or other revenues to make up the estimated $16 .million shortfall that would exist by the end of fiscal. year 10-11. A default could result in loss of any remaining, undisbursed loan funding, enforcement action by the State on the loan, litigation between the State and the City; and negative impacts on the City's 13 credit. rating, A default. would also impact the State Revolving Fund loan program's ability to fund other projects, as it relies on installment payments to fund other projects. If .Petaluma General Fund- revenue were diverted to make the State Revolving Fund payments, it would reduce the General Fund and reduce General Fund-supported services accordingly. ' 2.4 The proposed initiative could cause'the City to default on outstanding wastewater revenue. bonds, beginning. with the payment due on 1Vlay 1, 2011. Without adequate revenue from wastewafe"r charges; the City may be unable to pay the debt service on the wastewater revenue 6orids,; that were issued and sold in 2000, acid would also be in default on covenant obligations.. The, annual bond payment is about $720,000. As can be seen from Exhibit 2 to this report; 'if the wastewater enterprise fund exhausts enterprise reserve funds to repay the lines of credit ,and/or make the State .Revolving Fund loan payments, there may not be sufficient cash for the bond payment. A default could result in loss of loan funding, other City liability, financial exposure arising out of litigation by the City's bondholders, negative impacts on the City's credit rating, and .inability to secure .future debt funding. Downgrading fihe City`s credit rating would make future borrowing more expensive, if `if is available. In the event of default, the bond Trustee. may declare the bond principal immediately due and payable. The Trustee may also pursue any available remedy at -law or in equity to enforce the outstanding bondpayments.. 2.5 'The proposed initiative could delay or cause cancellation of other wastewater projects funded. by wastewater charges, and preYent the City from maintaining wastewater .service levels, complying with applicable regulatory .requirements and protecting the public health and safety. As can be seen from Exhibit 2 to this report, if the proposed initiative takes effect, the City would have to cut back on operations, maintenance and/or service levels to keep expenses in balance with the lower revenue stream, particularly if reserve funds :must be used to meet debt obligations. It also may be necessary for the City to reduce or eliminate capital replacement ~ and rehabilitation programs to .maintain facility operations. Delayed or cancelled replacement of City sewer pipelines, pump stations treatment facilities or recycled water facilities could result in failure of these facilities and place .the City in violation of its National Pollutant Discharge Elimination System (NPDES) permits for operation of the. wastewater collection system, the.recycled water system;-and the wastewater treatment, system. Failure of these facilities could cause environmental damage, increase risks to public health, and degrade, the .Petaluma River's water quality. Such failures could also result in imposition of significant State water quality fines. 3. The proposed initiative could compromise the City's .ability to treat its wastewater and .result in a State moratorium on new sewer connections. If wastewater system operations are impacted to ;a significant degree by reduced revenue imposed by the proposed. initiative; the City's ability to treat the community's wastewater could be compromised. If State regulators determine that. a consent: order is necessary, the State could impose a moratorium on new connections. -State regulatory review and monitoring of Petaluma wastewater utilities would -also ,probably increase. 14 4. The proposed initiative would impact not only the wastewater enterprise,; but also the .rest. of the- City's financial, structure; ;including City and Petaluma Community Development Commission debt-funded projects. The potential impacts of the proposed initiative could extend beyond the.. wastewater enterprise to the City's financial structure as a whole. For example, if the public finance rating agencies lower the City wastewater bond ratings to. Triple B from the current AMinus, -the: credit .ratings of the City and Petaluma Community Development Commission (the City's redevelopment agency) would be placed on .credit watch. That would result in higher interest rates for debt issued by the City or the Petaluma Community Development Commission. Higher interest rates would reduce funding available for projects listed in the Petaluma Community Development Commssiori,'s `Five Year Implementation Plan; which relies on an additional $45 million of bond financing. Affected projects would include infrastructure improvements such as street work, major cross-town connectors and interchanges such as Rainier and Old Redwood .Highway, and construction of updated City fire and police headquarters buildings. Reduction of redevelopment project funding may in turn reduce other revenue to the City~fi`om ongoing tax increment. growth. Projects that could be funded by General Fund debt; such as the East Washington ball fields; could' be similarly affected. A significant .decrease in the City's credit rating could make debt funding unavailable; even at higher interest rates. 5. The proposed initiative cou"Id result in a $10 million annual deficit in the wastewater utility, potentially impacting other City finances and services. If the proposed initiative takes effect; the City's wastewater fund revenue would. be unable to support any debt service without .impairing ongoing operations and minimal system rehabilitation and replacement. Exhibit 2, at the end of this report, ,shows. the cumulative impact of annual deficits over the next several years. The information for ,fiscal year 10-11 is complicated by the obligation to repay the lines of credit, as well as showing reduced wastewater rates for a partial. year. Information for fiscal year 11-12 is more reflective of a steady state environment if wastewater rates are. reduced. At that time, annual revenues are estimated to be, about $.12.7 million. Annual operating expenses. -.are estimated to total about $12.0 million ate that time. Minimal system replacement and rehabilitation is estimated at about $1.6 million at that. time. Finally, annual debt service (on the SRF loan and 2000 wastewater revenue bonds) total .about $8.5 million per year. Annual expenses in these three areas exceed the available revenue by $10 mllionb. A deficit on this order or magntude'would persist until revenues were re-established to close this gap. 6. The proposed initiative could resulf in insolvency of the. City if insufficient funds are available from other sources to replace lost water and sewer revenues and maintain essential services: To obtain protection from creditors and continue operating' its wastewater utility; 'the City could be required to seek bankruptcy protection, incur related expenses and suffer riegatiwe impacts on the City credit rating and the City's ability to issue debt and otherwise fund City operations. b A cash shortfall ,in °fiscal year 9 0-11 is estimated at about $16 million after using all available cash reserves to pay off the lines of credit and meet other debt obligations. Only a prudent operating reserve would remain in the wastewater utility. 15 7. T'he proposed initiative could prevent the implementation of recycled water programs that are, necessary under General Plan 2025 to provide a current and' future water supply to Petaluma's citizens. Goal 8-G-3 of the City's General .Plan 2025 requires the City to maximize the. use of recycled water .as a potable water offset to manage water demands acid meet. regulatory .requirements for wastewater discharge. As can. be seen from Exhibit 2 to this report, reduced wastewater revenues due to the proposed initiative would eliminate funding for the Water Recycling Expansion Program which is essential to provide the potable water offset that makes up a large part of the City's future water supply, as determined by the City's adopted General Plan 2025. Therefore, the proposed initiative would threaten the City's ability to provide for existing and .future water supply needs of its citizens, in addifion to threatening the City's ability to provide adequate levels of wastewater service acid operation. 8. The proposed initiative will cause reduction in wastewater operating revenues which may .interfere with Genera[ Plan Goals, Programs and Policies for management of the recycled wastewater program under General Plan Goal 8-G-4. Goal 8-G-4 requires the City 'to manage the wastewater collection and treatment system to address 100% capture. and treatment of the City's wastewater in an economically and ecologically sound manner: Policies and Programs under this Goal include 8-P-15, requiring capacity of the waste treatment facility to be maintained and expanded as needed to keep pace with growth; $=P-1,S.A, requiring implementation of an adopted waste treatment facility master plan and ,construction of distribution improvements; through development conditions of approval. (which presumes sufficient distribution infrastructure to bring recycled water to such development).; andseveral other programs which .require a stable revenue base to permit ongoing ..maintenance, periodic .replacement of .system infrastructure and necessary improvements. To the .extent that. revenue shortfalls identified in Exhibit 2 to this. report limit the ability of the City to fulfill this goal and implement the adopted policies and programs, the proposed initiative `will create inconsistencies with General Plan 2025. 9. The proposed initiative will impair the City's ability to: meet General Plan Housing Element Goals. The City adopted an updated Housing Element 2009-2014 on June 15, 2009. Goal. 1 requires the City to provide adequate residential opportunities to accommodate projected. residential growth and facilitate .mobility within the ownership and rental. markets. Goal 2 requires the City to promote a range of housing types to meet the .housing. needs. of all. Petalumans. Goal 3 requires the City to minimize constraints on housing development to expedite construction and lower development costs. Other Housing Element,;goals ,speak to creation and preservation of affordable and special needs housing, `with attention to eliminating constraints on such development. Programs 3.8 and 3.9 under 'Goal 3 state' that the City will actively participate in the Sonoma County Water Agency's projects to increase the capacity of the City's water supply system and reinforce its water distribution system. However, very recent actions by the Sonoma County Water Agency suggest that the water agency may be unwilling to seek and provide additional imported water for Petaluma. Therefore, the General. Plan 2025 water supply programs which depend. on use of recycled water for potable offset are critical to providing water and wastewater services for development sufficient to meet the City's housing goals, some of which are mandated by ABAG regional housing allocations and state Department of 16 Housing Cornmunty,Development requirements: To the extent that the proposed initiative prevents or eurtails~ City recycled. water programs, the City's. ability to meet its Housing Element goals will be impaired. 10. 'The proposed initiative will'impair the `City's ability to meet General Plan Goa19-G-1, Economic Health and Sustainability. Goal 9-G-1 and. the Policies and Programs identified to implerrient it dca'1 with establishing a diverse and sustainable local economy. Without. adequate rate-based funding to maintain capacity and operational capability of the wastewater system, and the continued implementation of recycled water/potable water offset programs as an essential component of future water supply, the City will not be able to attract `the types of new business essential to fiscal ..health or to adequately serve residents. Policies 9-P-6(A), (B) and (C) recognize that adequate City revenue is essential to sustain public services and infrastructure needed to serve the residential, commercial and industrial. activities. necessary for a balanced and vibrant local economy. Impaired recycled water infrastructure funding resulting from the- proposed initiative would be inconsistent with these goals. 11. 'The proposed. initiative ,could cause cancellation or 'reduction of public .access and educational activities. at the Ellis Creek Wastewater Recycling Facility. Without adequate revenue from wastewater charges, in order to preserve basic wastewater operations, the City could. be required to reduce or cancel programs at the waste treatment facility which are intended to protect the environment and provide public access and education regarding the Ellis Creek open space and public amenities. This would create an inconsistency with General. Plari 2025 Policy 8-P-17:, "Maintain and expand. public access and educational opportunities at the Ellis Creek Water Recycling Facility." 1305917.1 17 Exhibit 1 ~ , ' , City of Petaluma -Wastewater Utili ty j ~ Multi-Year F,tnancial Plan ~ l ( E Baselin e Analysis '~ FY 08-09 ~ FY 09-5O ~ FY 1O-li ' FY 11-12 # FY 12 13 ~ FY 13-14 i ._ , ., Pro'ection ~ ~~Bud et i Estimate Estimate Estimate 1 Estimate __ .. 1 _ Wastewater Rate Increases (calendar Year).--> ~ __ ..._.. ._ 13.0% ... .... , .__ 13.0°!0 9 5%i ~ ... 3.5%i .._.. ..... 3.5% .. WASTEWATEROPERATING FUND i 1 ' 2 Beginning Balance 1B 007,716 ( 24 231,968 } 8,513,547 6,819 547 ~ 6,545,747 ,5,,314,347 __ Revenues ..._ ... I f ~ ~ ' .. _ _ j _ 3 Charges for Sales Y ~( 17 220,139 ( 19 250 000 21 806 000 23 655,000 ~ 24 665,000 25,771,000 4 ' S ~ Charges forRecycledvWtr. Sales ~ f S Ch ~ _ .. 085 4 20 000 ~ „ . _._.. 11 700 _„ _ 21 000: 12 000 22,000 12 000 23,000 000 ~ 12 24,000 12 000 arges or ernces _} _.__ -. , , , , , , 6 Grant/Debt Ptoceeds 16 582,082 26 672 000 ~ ~ 7 Open Space Distract 6500_00 '~ 8 ..,,._._ 9 _ Capacity Charges ..~ . _._ .. __M _ _ ~ _ .m_ ._.,._ Other Revenue 289 907 ~ _._.,,._ .. 4 4,938 ~ ._~ . 42 490 _.. _ 44 000 , ~ 46,000 I _ .. .. __ 48,000 _ __ . __ .__.. 50,000 ...... _ _ _ .r 10 '._ _ . ~. _ -.,,.~.. ... _ ~ ,Investment Earnings 360,000 _ 485 000 ... ___.._._~; _ _, _ ,213 000 ; . OS 000 2, _, _ 229,000 _ _ _ _, _ 213,000 ,_ __ 11 Total Revenues 34 501 151 47,331,190 22y096,000 f 23,940,000 ~ 24,977,000 26,070,000 Expenditures and Transfers v ___ . _ , _ _ _,_, k _. . . _ _. 12 _..._ _ Wastewater Administration 4,060,108 913,650 944 000 979,000 1,017,OG0 1,059,000 13 dndustnal Pretreatment, ~ 73,346 346,450 ~ 354,000 372,000 366,000 402,000 14 Wastewater Storm Dtains ~- 724,713 730,300 755;000 '. _. 783;000 813,000 846,000 15 16 Collection System Reclamation 798,085 763,174 1,555,934 955;330, 1,608 000 988 000 '~. 1,667,000 1;024,000 1 732 000 1 064 000 1,803 000, 1,107,000 17 _ Customer Service ~ 49,178 96,150. 1 99;000 '._ 103,000 102,000 111,000 18 _ _ _ General Fund Ovh Transfer 647;200 4 _ 1 135 000 { _ 1,173 000 1 216 000 _. ._ 1 263,000 _ 1,315,000 - 19 _ _ Treatment 1 084,767 5 543 700 ~ .. _5,728 000 ;_ 5 938 000 _ 6 168,000 6,420 000 . i 20 _ € Debt Serv ; 2000 WW. Bonds 716,,704 , _ 718 374 ~ _ ,724,000 722,000 _ 725,000 726 000 ^ 21 . . _ Debt Serv - SWRCB SRF'Loan [ - ; 7 777 633 ! 7,778 000 : _ 7 778,000 7 778 000 7,778 000 22 Liries of Credit } Revolving 71b,013 I Z7 275,581 ~ . __ _ ._ . - ,,,. - _ _ , _ ~_ ~ 0 _ ' . ~ 2,134 000: 2 131,800 2,138,400 2,133,200 . _ 24 2~WWWBonds _) - Debt Serv.- 201 - ~-'~'-"' _ _. ~ 1 517,000 1,522,400 ~....- 25 ...~.... ... ....._ ._,,._.. Capital Protects ! _.. . 14 257,362 L .. ~. i ».w ' ~ 26 _ _ ._? - - )~ Transfer to CapitaLFund -' ~ i _ 16000 000 _ 1 500 000 1,500 000 _ _ 1 500,000 1,500 000 27 _ _. - -- Total Expenditures _ _ ~_ -23 890,670, ~ _63 049,6.1,1 ~ __ "23;790 000 1 __.~_._ 24,213 800 ~ "_ __._._ _.._i_.,_ 26,208,400. ..._ 9 26,721,600 _ .....,,. 28 I Ending Balance 28"618197 ~ 8,513,547 ~ 6,819j547 '_ ::6,545,747 ~ ~ .5,314,347 ~ 4,662,747 29 30 _ Operoting Reserve (33-'0 of 0&M)_ Rate Stabiliiahon Reserve 2 706,000 4 000,000 3 722 000E 1 500 000 3;846,000 3,987 000 3 _ __ 4 142 000 _. 4,31'1,000.. - , 31 __ -. Uncommitted Balance ~' ~ , 21 912,197 _ 3 291 547 _ 2 973 547 2 558,747 _ 1,172,347 351,747 32 DS Coverage (w/o Conn. Fees), 1.0 min. 4.18 1.26 i 4.19 1.17 1.11 1.12 33 _ DS Coverage (w/ Conn. Fees), 125 min.' 4.38 1.28 1.31 1.34 1.30 1.36_ WASTEWATER cAPITAI FUND ~ _._ __ _._ .,. , _, ._ 34 _ Beg/mm~g Balance ~ ~ _ _... ! __ _..., ~. -~ :8,502 000 _ _ 5 361 000 17 422,000 2,680 000 Revenues f i .. 35 ... ..... ...... _ .1_... Capacty Charges _, _ _ _ _, _ ..,.. Y , ,._ 200 000 § 1,274 000 i 1 767,000 ( 2,297,000 { 2,867,000 _ 36 Transfer from,Operatin Fund g I 16 000,000 ! 1,500 000: 1 500,000 i 1,500,000 ' 1,500,000 _ 37 _ _ . _ Grant/DebtEroceeds 1 _ __ _ i . 4,150,000; i _ 19 000 000 I _ j _ _ 38 _ _- - _. dnvestment Earnlhgs_ _ ~ .. _, _ _ ._ .. __ t -, _ _ ,..., .- - __ _, _.,213 000, I _ "161 000 _ I.... 7 610 000 _..- ...._ i. _...,107 000_ _ _. 39 Total Revenues ~ 20,350;000 ~ 2,987 000 ' 22-,428 000 ~ 4 407,000: 4,474,000 E I 40 .._.. 41 Recycled Water Protects ,,. .. ., _. .__.P Phase 26 Recycled_Wtr Pipe &Reservoir __.__ -... . 100,000 .._ __ 3,231 000 3 775,_0.00 ._ 42 Phase 2A Recycled Water Pipel,ne i r 50 000 ~ 1 450 000 1 631 000 43 r Phasc ~ Retitled Water P,pehne ( { - ~ ~ 1 276 000 ` _ 2 632,000 ~ ,3,137,000, , 44 Recyclyd water Pump. Station 2Improv ~' ~ _ 545 000 ~ ~. _ I _ ,,,, _ q5 _ Recycled Water Pump Station l Improv I .. _. _r . ._ 600,Onr7 ._.._.. , __ ,._. _ ._...,._ _ _.,_.,.. ,. _. ,_. _ 46 _._ .~. __,r. _ .. ._- . Recycled hater Main Pump Station Improv ._..._..__..- , .,.. _. I 570 000 , Wastewater Protects _. ~ {k~ ~ ~~ t _,. i _ __, ~~~ ~ ~ ,.,,. 47 C Street Pump Station U rade {_~~ P9 ~ _ 1 000 000 _..- 2,378 000 _ ,_ _ 48 _ _ _. _ Demo of Hopper St. WW Trtm[. Facil i , ~ ~ 100 000 ,310 000 770 000 ~ .10,683,000 49 , _ Water Recycling Facility EII Creek ~ is 7,820,000 3 1 286 000 E 50 _ _ _ `SCADA Eliis'Creek~WRF~ T ~~ _ ( 478 000 51 Wilmington Pump , Station ..60,000 '. 165,000 i 751,000 , ` 52 _ . , Oxidavon Pond Levee: Reinforcement S0 000 ~~ 590 000 ' ~1„__ ~~53 ~ Sev er Main Replacement 2010 Various ~ . ~ 815 000 265 000 645 000 _ 755 000 ,_865 000. ' 54 Victoria Pump Station Generator { ~ 160 000 i _ 55 Manhole Rehabihtat,on f 280 000 j 280 000 :a _ 418 000 ~ 418 000 _528 000 . _ 7 .,Upgrade, I ~. _ :,. 1- ~ t ._ . .450 000 ~ .,178 000 ~... _ OOG 3 135 000 „ 5 7otal ExP endrtures _ j 1 11 848,000 6 10 000: 87 000 10,3 19 lqg ,000 4,665 000 ' _ 58 --- _-mow, .;-._ _. ;.... Ca /tai Reserve . _ ._.. i 8,502,000 ;i 5,381,000• i 17,422,000 1. 2,680,000 I 2,489,000 18 _ ..m. - -- -- ._ _, _ _ Exhibit 2~ ~ _ ..., . _ .. . ,. ~ _- , _. ... _ Qty of Petaluma. Wastewater Utility i i Multi-Year FinanclaUPlan e Initiative Im a ct Anal sis I FY 08 09 ~ FY 09-10 ~ FY 10-1`I FY 11 12 FY 12 13 _ FY 13-14 j ~- _ ~~ ._ Pro'ection ._ Budget { Estimate Estimate Estimate Estimate „ .. 1 ,,,_,,,,, _ ncreases ,(Calendar Year) --> I ~~~~ ~ _..__ .._ _13 0%~,,,._, -.. _ .. ~,_ _ -38.7%', __...- ,.- 0.0% _- _.. 0.0%! - .... ._ ;: 0.0% _ _. _. WASTEWATER OPERATI NG FUND ~i ~ ~ ~ ~~ ~ ._,....- ~~ ~~~ 2 _ ._.., Be fnnrn :Balance B 9_ .._.__„._.~ __. 18 007 716~ _~ 24 231 968 ._..__ ~ ~~~~~ ~ ~ 18 714,000 _ ~ (12 a29;000)= (21,897 000)1. (32,162 000) Revenues 3 Cha tges for, Sales 17 2220,139 ~ 19,250 000~~~ ~ 16 514,000 12 580,000 12 ,580 000 ~.. 12 580 000 4 , . Charges for Recycled Wtr. Safes , { , 20 000 21,000 22,000 _ 23,000 24,000 5 6 Charges for Services Grant/Debt Proceeds _ ~ ~-~ ~ 4 085 1 ~~ ~ 6 582 082 11 700 -~~~ ~~~ ~~ - 12 000 -~~ 12,000 12,000 12,000 7 Open Space District ; .8.50,000 8 9 Capanty Charges e ~ ~ Oth r R n 289,907 i 44 938 42 490 - 44 000 45 000 t 46 000 47 000 10 eve e u Investment Earnings __. _ t_ _„ 360 000 _.. . 485 000 ,, . . , - 468;000 , , - , - , - 11 Total Revenues _ ~ 34 501 151 ~ ., _...r .._. "" 20,659 190 1 . 17 059 000 ...- 12 659 000 .. ..._ 12 661 000 ~ ___- . ._ 12.663,000 Expenditures and Transfers ' ~ = ~ - ' 12 Wastewater Administration 4 060,108 I 913 650 944,000 ~ ._. 972,000 1,001,000 _ 1,031,000.., _ 13 - _ Industrial Pretreatment 73,34b' 346 950 ! - ~.. 359,000 ~ _..__ -.r 370 000 W_ 381 000 ~_. 392,000 14V .....~ Waster ater.5[orm Drams ~ _..-. 724 713 . . 730 300 } m755,000 _ 776,OOD 801 000 825 000 15 Collectwn System _ 798 085 ~ 1 555,934: 1 608000 1 656,000 mm 1,706 000 _ 1,,757 000_. 16 Reclamation ~ ~~ ~ 763 174 956 3a0 ~ 988,000 ~~ l 018,000 __ 1,D49,000 - ' 1,080,000 17 _ _ Customer Service 44,178 96 150 ~ 99;000. 102 000 __105 000 __- _108,000_, _ ' 18 General Fund Ovh Transfer _ 647 200 1,135,000 ' . 1,173;000 1 208,000 1,244,000 1,281,000 19 Treatment : Ob4,l67 j _ 5,543,700 5 728,000 5 900,000 6,077,000 ?. 6,259,000 ~~~20 Deb[ Serv. - 2000 WW Bonds 716 704 j 71b 374 ,~ _ _724,000 -_ 722,000 725,000 ~. 726,000,_ 21 Debt Serv SWRCB SRF Loan I 7 777 633 ~ ~~ 7,778,000 7,778,000 7,778 000 I 7 778 000 22 Redolvmg Lmcs of Credit _ 716,013 # 600 000~ 26,676,000 - ~ - . 23 Debt Serv - 2010 WW Bonds 24 Debt Serv - 2012 W W Bonds I - I - - __. __m 25 ~_._ ~._~__..~..~... __,_ Capital Projects: _._ m~._._, 14 257,382 ~ ~ ._.(_~ ._._ . W .. ' .~ _ _~_ _ . , 26 . Transfer to Capital Fund ~ I 5,803,000 # 1,370;000 1 623,000 2,059,000 1,528,000. 27 Total Expenditures 23 890 670 I 26,177,030 ` 48 202,000 I„ __ 22,127,000 ,22,926 000 ? 22,765,000 28 Fnding8alance 28,61'8;197 j 18,714,000 ~. ( 12,429;000):.. (21;897,000)' (32;162;000)(. (42;264,000) 29 _ _ Operating Reserve (33% of O&M) , , 2' 706 000 ~ _ 3 722 000 j 3846;000 _ ._3 961,000 I ,4,080,000 ,' 4,202,000 30 Rate. Stabilization Reserve a 000,000 1 1,500 000 - 1 - 31 Uncommitted Balance 21 912 197 ° _ 13,492 000 I (16 275,000) _ _ _ - ~ _ (25 858 000) (36,242 000);_ (46,466,000) 32 _ , _ _ DS Coverage (w/o Conn. Fees) 1 0 min _., __ 4.18 1 26 I 0:21 0.13 0.09 ~ 0.05 33 DS Covera a w/ Conn. Fees), 1.25 min 4 38 i 1.28 ( 0.21 0 13 0 09 7 0.05. .._ i ..._.. WASTEWATER CAPITAL FUND __ , _ _ _ _ I _ .. .... j ._i. ....._.. ~,__,34 Beginning Balance ,...r .,._._.... -___.j._._ ~ - ! ........ ............_ Revenues 1 ~ . . _~ . ~_ , _,._, ~~ _ . .. ing Fund ~~ s Gna m n O _ ..- ~. _._ 7. 4 850 0000 _ _._ _. _ _. ~ .a 1 370 000 _.._......mw. ~..... 1 623 000 _... 2,059 000E 1,528 000 38 rningS t I e e t Ea I ~ 39 Total Revenues_ _ __ __ y,_ ~~ ,10,153,000 ~ 1 370,000 1 623,000 2,059,000.. 1,528,000 Ex endrtures ._... .. ..._ ....._~ -- -. .. .... -. 40 Rec tied Water Pro ects ~ ...} ........ i .. .. ..... ..-.. . '. 41 Phase 28 Recycled Wtr Pi e & Res _._. __ P ____ .._.._ _ _ ..... _ .._. .._. ._...... ...... _ _.. 47 , , Phase 2A Recycled„ Water Pipeline, ..._ ~.. ;..._. _ _.._.._._ _ , -. _ __._..._.._ ~ 43 . , , Phase 3 Recycled N/ate~Pipeline _ ~ . _ ..._. .- .. _.... _ _. . .. . ! ... _. __-_. __ .. ._ I _,~_. __.4.. _ _.... ,_ _.. _... ... .. _ _ ... . _ 44 .. . ., ,Recycled Water Pump Statiom2lmprov._ k !_ _ 45 RecycledWater Pump. Sfation.a ]mprov. 46 ~~~ Recycled Water Main Pump Station Improv.. _ ~ ' ....._,.. _~., _....- __.. ._......._ ._.. _ -_ _t. _..._ .. ............._ Wastewater ProjectsT ___- _._ _. __ .,,.,,,., ,,,,,.,_ 47 C Street Pump Station`Upgrade ; 8 Demo of Hopper St WW Trtmt .Faol i 100 000 _ ' 4 _ l Ellis Creek a _ _ _ . 7 - ~ - ~ ~ ~~ ~ ~~~~ - 50 RF W CADA Ellis Creek r 478 000 ' j . ._ . . 51 '- g~,,,._., p .. _ WIImIn ton Pum Station ~ - .,. .. 60,000 __._ 165,000 _ _751,000 . I 52 .- OxidationPOndlLevee„Reinforcement ! .. :: , . 50;000 . 590,000 _._. ~ _ .._._._ __-..., .........._. .... .m.. ' S3 .,.-_. _.._ .......~.._._...,.._. ...... ... ,.~. _ Sc:.cr Main Replacement 2010 various .,, _._... ._,._._,.~ _ _ _ ,.. 815,000 . .. 265;000 _ . ~ 645,OQ0 . 755,000 _ 865,000 54 Victoria Pump Station~Generator _ ~~ ! _ 160 000 _ _ 55 Manhole Rehabilitation b 280 000 280000 418,000 418,000 528,000 _ 56 Lift Station Upgrade I 450 000 175,000 395,000 135,000 135,000 57 Total Expenditures 1 10,153 000 { 1 370;000 1 623,000 2,059 000 ~ 1,528,000. -_ 58 Ending Balance I - 19