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HomeMy WebLinkAboutPH 4 WTR SVC RATES 09-21-92PUBLIC HEARING N0. 4 9-21-92 DATE: SEPTEMBER 16, 1992 Inter -Com TO: WILLIAM A. HUSTON, CITY MANAGER FROM: RONALD A. NAULT, FINANCE DIRECTOR SUBJECT: RESOLUTION NO. 92-110, ADJUSTING WATER SERVICE RATES RECOMMENDATION: That the City Council, at its meeting of September 21, 1992, adopt Resolution No. 92-110, adjusting water service rates and authorize staff to proceed with the issuance of bonds and refunding of existing bonds as recommended in the Water Rate Study and Financing Plan. BACKGROUND: In 1990, City Council was presented a complete engineering analysis of the Tustin Water Storage and Supply System. The analysis recommended major water supply storage and distribution system improvements. The recommended improvements will allow the City to maximize its use of lower-cost ground water. This analysis is the basis for the Water Rate Study and Financing Plan recently presented to Council. DISCUSSION: City staff along with the water rate consultant held a workshop on the Financial Plan and proposed rates on August 31, 1992. During this workshop City Council was presented recommendations on adjustments to the City's water rates to cover operating, capital expenses and financing of the recommended capital improvements. The workshop included recommended rates for the next three years to cover increases in operating costs and new bond debt service expense. The improvements called for by the Consulting Engineer and the City's Water and Public Works departments total about $30 million in current dollars. Inflation at 5 percent per year over a twelve year construction period will increase total costs to almost $40 million. The City will need to borrow about $8.5 million to finance the immediate water improvements and additional debt will be needed in 1994/95 and 1996/97 for projects scheduled at that time. Adjusting Water Service Rates September 16, 1992 Page 2 The rate schedule presented at the workshop is very similar to the existing rate structure, with a fixed bi-monthly meter charge based on flow capacity and a volume charge for all water consumption. The current meter charge is made up of three components: service, demand, and debt. The rate study recommends that meter charges be combined to a single charge, and revenues from the meter charge would be applied, along with revenues from volume charges, to all the. system's expenses and obligations. The recommended meter charges are designed to generate about one-third of the necessary annual revenue thus reducing fluctuations in the City's water revenue. Multiple units would be charged a meter charge of 80 percent of a 5/8" meter rate per unit, rather than a charge for size of meter in use because their usage is similar to residential. Four rate blocks are recommended: Block 1- $0.35 - a reduced rate for the first 6 units (lifeline) Block 2- $0.85 - 7 units to 40 units Block 3- $1.00 - 41 units to 60 units Block 4- $1.10 - Over 60 units One unit is the equivalent to one hundred cubic feet (hcf) or 748 gallons of water. The rate blocks are designed to encourage water conservation. Block rates for multiple units would be based on 80 percent of the blocks for other customers on a per-unit basis. The rate blocks for multiple units would be 0-5 (hcf), 6-32 (hcf), 33- 48 (hcf) , and over 48 (hcf) . A four unit building would receive 20 hcf (5 hcf per unit) at the lifeline rate, then usage above 20 hcf and up to 128 hcf would be billed at the next block rate, and so forth. The recommended rate increases for the next three years will increase the typical residential customer billing as follows: Current 1992/93 1994/95 5/8" meter $35.89 $42.00 $56.18 1" meter $60.92 $78.5'0 $104.18 Multiple units will experience an increase that will be dependant on the number of units per meter. Each multiple unit will be given 5 hcf's at the lifeline rate as recommended by the rate study. While the capital needs constitute the largest share of the _._ increase in expenses facing the Water System, operating costs are also increasing. Municipal Water District of Orange County (MWDOC) projects the cost of imported water to increase from $263 per acre Adjusting Water Service Rates September 16, 1992 Page 3 foot to $475 an acre foot in 1993. The City needs to increase our rates this year to meet increases in operating expenses regardless of any future capital improvement plans. It is recommended that the proposed rates become effective November 11 1992. Therefore, any water usage after September 25, 1992 will be subject to the new rate due to our bi-monthly billing cycle scheduling. The first water bills that will contain the new rates will be mailed during the week of November 23rd, 1992. As directed by Council, staff is currently working with Municipal Water District of Orange County to prepare a brochure (attachment I) to be mailed to all water customers the week of October 26, 1992. It is hoped that this will inform our customers of the needed rate increases and how we are improving the reliability of the Water System. The use of Agricultural (AG) Credits was also discussed at the August 31, 1992 workshop. The City of Tustin discontinued issuing AG credits in 1991 after Metropolitan's Board voted to suspend the program "until after the drought". We were only passing through the Met credits to our customers. Because Met remains in Stage I of its conservation program, and uncertain of next year's imported water supply, it is unlikely the credits will be reinstated for 1993. However, as directed by Council, staff will work with those water customers affected by the loss of AG credits. A survey of Orange County Water providers indicated that no AG credits are currently being given. However, Irvine Ranch Water District (IRWD) does give some AG credit if reclaimed water is used. Staff has conducted preliminary research on the possible privatization of the Tustin Water Service. The research indicates that the 1986 Tax Reform Act serves as a constraint on the privatization of water and waste water treatment facilities because it eliminated tax-exempt financing, accelerated depreciation, and investment tax credits for environmental infrastructure projects. However, the Reason Foundation, a Los Angeles based think-tank, devoted to studying free market solutions to traditional government problems, is expected to publish a paper examining municipal water supply privatization. Staff will continue to obtain data concerning privatization options of water systems and will forward this information as it becomes available. A draft of the proposed brochure and a copy of the memo from MWDOC regarding privatization are attached for your review. I've also included a preliminary schedule for the sale of bonds. The two. date columns simply show alternative schedules dependent on when the Council authorizes us to proceed. Adjusting Water Service Rates September 16, 1992 Page 4 Ron d A. Nault Director of Finance RAN: IH: ls a:watrate.adj -n41 Irma Hernandez Administrative Assistant 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22!i 23 24 25 26 27 28 RESOLUTION 92-110 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN ADJUSTING WATER SERVICE RATES iThe City Council of the City of Tustin finds and determines as follows: 1. A complete analysis of the Tustin Water System's needs and recommended water supply and storage projects and distribution system improvements has been completed; and 2. The complete analysis revealed that major system improvements are required to maintain system reliability; and 3. The analysis determined that substantial additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Service has experienced increased costs of operations; and 5. A complete study of the Tustin Water Service Rate Structure and Financing Plan have been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next three years; and 8. The revised rates as set forth herewithin are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next three years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: i Effective November 1, 1992, November 1, 1993, and November 1, f 1994 the bi-monthly water usage rates and charges are hereby established as follows: FIXED CHARGE 11/1/92 11/1/93 11/1/94 Meter Size Charge Charge Charge 5/8" and 3/4" $ 11.00 $ 13.00 $ 16.00 1" 27.50 32.50 40.00 1 1/2" 55.00 65.00 80.00 2" 88.00 104.00 128.00 3" 165.00 195.00 240.00 411 275.00 325.00 400.00 5" or Larger 550.00 650.00 800.00 ltiple Units Charge/unit 8.80 10.40 12.80 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CONSUMPTION CHARGE- per one hundred cubic feet (HCF) 11/1/92 11/1/93 11/1/94 Volume Block Multi -family* 0-6 hcf 0-5 hcf $ .35 $ .35 7-40 "" 6-32 I'll .85 .97 41-60"" 33-4811" 1.00 1.10 Over 6011" Over 4811" 1.10 1.20 *Multiple dwelling is per unit charge FIRE METER CHARGE 11/1/92 4" $ 35.00 5" 44.00 6" 53.00 8" 71.00 10" 88.00 12" 106.00 11/1/93 $ 41.00 52.00 63.00 84.00 104.00 125.00 $ .35 1.12 1.20 1.32 PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, held on the 21st day of September, 1992 ATTEST: Mary E.. Wynn, City Clerk Leslie Anne Pontious, Mayor The City of Tustin I. -Vater Services '1"1222 Del. A.mo Avenue. Tusfiri,. CA 92680 a, A f lnnf tiw✓ f^ti. tt�w{ r1MI JMN awn' W SEP 03 '92 05:42PM HARTLE WELLS ASSOCS P.4 CrIY OF TUS'TIN WATER SYSTEM pRlrTIMINARY SCHEDULE FOR SALE OF BONDS ACTION SALE OEC.7 SALE JAN. 18 Atttl,nri-yat;^" to pracaad - . . . . . . . . . . . 9/21 10113 Mcctins With staff re; data QollmLiuu, ruin issue sizing, issue structure ... 9/22 10/6 Solact h^,nA eotmcel . - - . .. . . . . . . Bond romw to bond courwcl .............. .......... 10/5 1U/5P Introductory meeting with water corporation .................... 10/13 10/13 First draft official statement ..... ... .... .. ......... .... ..... 10/26 12/7 First draft legal documents ................................ 10/26 12/7 Document review meeting ................................. 10/28 12/14 Final draft official statement 10/30 12/16 ............................... Firml draft Icgul dOCUMC=3................................ 1 U SU /' 1 1./ 16 Water corporation board consideration of actions leading to sale of -bonds. . 11/2 12/16 ocumen`t review meeting - - ...... .. - • . . . . . ........ 1 11/2 1.2/16 rind nflRC4^1 -091to-mrlit COrrr edon date ............. ..... . . . ... 11/♦ 12/18 Council consideration of actions leading to sale of bonds .... , ....... 11/2 12/21 Official statement production complete .............. . ......... 11/13 1/8 Official statement mailing..... 11/15 1/8 ... . . .... ... . ... . .... .. .. Bond sale /receipt of bids 12/7 1/18 ................................. Closing/ receipt of funds ................................ ... 12/29 2/15 @ARTLE WELLS ASSOCIATES 913/92 MEMORANDUM TO: Irma Hernandez, City of Tustin FROM: Keith G. Coolidge DATE 16 September 1992 SUBJECT: AG CREDITS +& PRIVATIZATION OF WATER SYSTEMS This memo Is In response to your request yesterday for information about Metropolitan's policy on Ag credits and the potential for selling the City of Tustin's water system to a private -sector entity. Ag Credits — At a special meeting on March 4, 1991, Metropolitan's board voted on a motionfrom Director William HUI of Chino to suspend the price differential on interruptible water, 'until after the drought." Because Met remains in Stege I of its conservation _ program, and the uncertainty of next year's imported water supply, it is unlikely the policy will change for 1993. Because this occured on a motion at a special meeting, no transmittal letter was prepared for the board. Privatization — The 1966 Tax Reform Act still serves as a constraint on the privatization of water and wastewater treatment facilities because it eliminated tax-exempt financing, accelerated depreciation, and Investment tax credits for environmental infrastructure projects. Nevertheless, according to policy analysts at the Reason Foundation, "where the private sector has proprietary technologies or is better able to handle risks associated with facility operation," privatization has occurred despite the 1986 Act The Reason Foundation is a. Los Angeles think-tank generally devoted to studying free- market solutions to traditional governmental problems. By October, it is expected to publish a white paper examining municipal water supply privatization. If this continues to be of interest to your Council, I can forward a copy on to you. Generally, privattiation is more attractive If wastewater treatment is included as part of the water system because of federal incentives. Another option Is to privatize operation of the system, but leave ownership with the municipality because of its debt -financing abilities. Nevertheless, in 1991, the City of Houston contracted the operation of the city's 80-rngd MEMBER /AGENCY OF THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA .� IU .;4 r �!•'iJ r X,nLAA_ OFFICERS DIRECTORS STANLEY E. =PRAGUE N.E. •'SILL•• HARTO[ 64016AArANA464 F111616611T LORRAINE U. CROSS ROBERT J. HUNTLEY STRICT Big •tCN[irAmv Y106 PASGINNNT or JAN L.ALLNUTT WAYNE A. CLARKWILLIAM F. DAVENPORT A�TOAM[v KENNETH H. WITT P.O. BOX 20895 • 10500 ELLIS AVENUE • FOUNTAIN VALLEY. CALIFORNIA 0272a . (714) Sts -20511 • FAX (714) asa.satf MEMORANDUM TO: Irma Hernandez, City of Tustin FROM: Keith G. Coolidge DATE 16 September 1992 SUBJECT: AG CREDITS +& PRIVATIZATION OF WATER SYSTEMS This memo Is In response to your request yesterday for information about Metropolitan's policy on Ag credits and the potential for selling the City of Tustin's water system to a private -sector entity. Ag Credits — At a special meeting on March 4, 1991, Metropolitan's board voted on a motionfrom Director William HUI of Chino to suspend the price differential on interruptible water, 'until after the drought." Because Met remains in Stege I of its conservation _ program, and the uncertainty of next year's imported water supply, it is unlikely the policy will change for 1993. Because this occured on a motion at a special meeting, no transmittal letter was prepared for the board. Privatization — The 1966 Tax Reform Act still serves as a constraint on the privatization of water and wastewater treatment facilities because it eliminated tax-exempt financing, accelerated depreciation, and Investment tax credits for environmental infrastructure projects. Nevertheless, according to policy analysts at the Reason Foundation, "where the private sector has proprietary technologies or is better able to handle risks associated with facility operation," privatization has occurred despite the 1986 Act The Reason Foundation is a. Los Angeles think-tank generally devoted to studying free- market solutions to traditional governmental problems. By October, it is expected to publish a white paper examining municipal water supply privatization. If this continues to be of interest to your Council, I can forward a copy on to you. Generally, privattiation is more attractive If wastewater treatment is included as part of the water system because of federal incentives. Another option Is to privatize operation of the system, but leave ownership with the municipality because of its debt -financing abilities. Nevertheless, in 1991, the City of Houston contracted the operation of the city's 80-rngd MEMBER /AGENCY OF THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA i f � kma Hemar�de�z . 't6 Sep�embe�r 1992 Page two Southeast Water Purification Plant to Boston-based Metcalf & Eddy. This five-year contract, valued_ between $3.5 and $4 million, is expected to save the city between $300,000 and $500,000 annually. (See attached article from Reason's Privatization Wats.) Although I do not have current information on this project, an article. in a 1991 issue of Public Works Financing notes that the Sydney Water Board in Australia was examining proposals for the design, construction, financing and operation of a new water treatment system. The 900 to 1,000-mgd project, was expected to cost $1.2 billion. Also, an article in Privatisation International notes that Argentina has appointed a firm to advise it on the sale of Obras Sanitarias de la Naclon (OSN), the state-owned water company. If I can be of further assistance, please let me know. MUNICIPAL WATER DISTRICT OF ORANGE COUNTY J- \L U1 • ii - it u�. V•z SZP is •sz 17.E Watd 866604 km% ",to S. @ us v imp" ewd, Pow* ,nova &.•e •IwN&srr aw...r -1 Moab N� 1 ve I OeS&AMW PRIVATE OAM BREAKS Houston Water Facility Operations Privatized Metcalf & Eddy Contract to Save City 5400,000 In what is tit USM to be the t"st fadlity of is kind to be priva sly operated, the city of Hounw. Texas bas contracted tttt operation of. its SO -million g>stton-Ner- day (GPD) Soudwast Water Purification Plant. The eleven•moat6-old, 52006 million plant waves 11 separaee trwicipallso-, and is Qwuolled by Hotvtvn's Dcpa=uwot of Public Utllldez Taxan together with ow city's othaur waxer fikdmm which supplies 225 mMien GPD, do city's pubUt wares utillgr depamocnt anrves 330.000-mnetr malluv eh—makietg it one at she laraat public waw u0d" iit the amtry. Bomon-based MaCaif A Eddy Servicr (M & E) WOR the ooe wx. which is valued at $3.5 to S4 million, dependin= m water flow. Accacding to Marsha Slaught r, as- sistant director of the cite, Departnum o( Public Utilities, ft contract wit! be m- "eweld Year to year and wi11 be pat Out to e mpedtive bid at the sad of five yaart. Mealy as a result of luk of cxpe6saw in contractiel in this arca, and political iruszt. the process of telec=5 a cos= -tor took thtft years. The city had sot out to have the new plant begin functioning soder pei- vara aasssagstt>attt. 'lieoppo�eatroroty to privy tine tht: facility may have been aided by the filet that it is not un&r the caotrol of aqp one locality but is owned by 11 anunicipat;dm. The em► etttp Vou who had roe the plant w m* 000 of tbrs thm patties dxxdk and is tM biddWS process. M & E his Wnrd five of the 25 city atnploya* who had pmcvioudy worked at the pudiiadon plum. no re. ma of rho wodcets have be=. ttm@- f rad to tier city's other :u lm* and grouad w►aar ptanti wheee openings were reaatved in advaata. By taming to the cotttpstit ive cm- tr96fit_pcnoea94 tie eiq► txpoctr be yield a cwt savicirg of betwOen 5300.000 io SS0O,000 per ye&4 which is amiad 1be 10% savMS tttber tnta=Palit= have mideved w►heaeoUtactiag t topemdonof deirwater MW wastawasa plana. ingx rt m sooraes of uvinp are M A E's vast egnder" and technical expeniae, its off -ate labomiary ser+ bs. and its phos to introduce mall. � � and ep.ra� �aaad systems. Table systema allow in A E to pmcaivc predCtivc Aad prima ottive a nsom Io aaoetast ea connective midas mcc- predicr five and pmetttive are its costal►, eaabl M the RXLWor to araticipae prohi m= belbrs tbey arise. Malt B is also Looking stthe poslblllty of,naomtta gP1M operations during the night shift, when demand for worr is low. In addition, the City is promcted by pet foM=G guarantee sad Mit clau9es OM- tained in the contract, which abift the operation's risk anm the peivaee conuacror and bolsters the aity't control. Mw pelrfa m - mc* gua:aotres wQrk to ensure dut any fines or penalties levied on tete plant for not meeting waetr quality rtsadar+ds will be Pied up by M & E. rw exit glass s ng= that the city baa pt out of the contract if it is aobappy with tho contractor'& Pfd A.rcord.ing to Steve Niro, project maaagcr for M A; E, his cempaoy gper&m 15 W&W Ven tuaQt plants and Moto d= 30 w►axwwater Uftwraatt acnitis& atrots tat couWY. M h E operaw a 4-toillioo GPD autotwlad waw supply punt m Mammo. um. I'm company to presandy axanhining ebb pomible operadw of it 100gnMJ*n QpD want =pplY Plant in Pftth. Aassuli& --Dmid H&cmryff City Council Turn,, Municipal Zoo Ove to Private Anociatic 7u Pot Vvonb City Council awo X coaft set with the Palm Worth Zook Aascw iativn tbst MuNfaered dally m maw= and operation af.the city Zoo b privasa. Oona-prolk rwodstioia. Tba ma apprt ad last MAY, came in the wake enabling lcgisladon passed by the Te., Dana caw -- � w RktwmiL MW ambling kgft &** was weeded 840= tale C bwwd bad ooh 201mad =npc ave Ws wblea k Mond IM Ocsmber a o am aid q*r asioa of the s to rbc aaottiaclah Cram so" law puft prof bw du aw'aWhe of Bove rnmaRt a tracts without a competitive biddl, Prawn) - Ma lesuktioe extsnpts from tat so Wding � aasmW=* t aalased swok provided by a am-pw t aarSanixatioe A.-. dLky a which to oraanWW=has pr visaed sigmificlOt ftmwmW ar ad= becefin Privadntioe advocatas is Taxes a eoecac�aatl dw an exempdon WM pave t9 MAY fm cOffvPdm is the proem by u*L , city ca tarn am aw►at+dbd. INSIDE THIS ISSUE Ur" Stant to UN ON kts Liq" SkaM; Coy baborta Nqi % sot Fieeord sa,.+om on Pdv Priem= �.p. Mary snd Tom the l.at" OWN to Push Pdvols ToRwoys; pppr,$ Is tamdsrs Urge Unions to ftnbraas P1vatlsatlon: pW 5