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7.A. - Page 80
<br /> Table S4 shows projections for additional, future SVCW financing needs over the next 5 years. The
<br /> bottom of the table shows an allocation of debt service to each of SVCW's member agencies.
<br /> Redwood City's share of future debt service is projected to escalate to roughly $13.6 million per
<br /> year. The table shows the amount of debt service associated with projects funded each year.
<br /> However, actual debt service payments will phase in over a longer period. Together, the City's
<br /> share of outstanding and projected SVCW debt is estimated to ramp up to roughly $20 million.
<br /> Table S4: Planning Level Estimates of Future SVCW Financings
<br /> Debt Financing Project Cost by Year of Construction Awards
<br /> Issue Project Description Award 2016 2017 2018 2019 2020 2021
<br /> Projected Future SVCW Financings
<br /> SRF 1 Conveyance Planning 2016 1,400,000 - - - - -
<br /> SRF 2 WWTP Improvements Phase 2 2017 - 14,691,000 - - - -
<br /> SRF 3 Food Waste 2017 - 13,830,000 - - - -
<br /> SRF 4 Headworks 2017 - 39,312,000 - - - -
<br /> SRF 5 Tunnel/Pipeline Phase 1 2017 - 115,304,000 - - - -
<br /> SRF 6 Receiving Lift Station Phase 1 2017 - 12,184,000 - - - -
<br /> SRF 7 WWTP Improvements Phase 3 2018 - - 12,005,000 - - -
<br /> SRF 8 Nutrient Removal Phase 1 2019 - - - 38,000,000 - -
<br /> SRF 9 Pump Station Rehab Phase 1 2019 - - - 9,750,000 - -
<br /> SRF 10 Tunnel/Pipeline Phase 2 2019 - - - 83,857,000 - -
<br /> SRF 11 Receiving Lift Station Phase 2 2019 - - - 34,114,000 - -
<br /> SRF 12 Peak Diversion Facility 2020 - - - - 15,540,000 -
<br /> SRF 13 Nutrient Removal Phase 2 2020 - - - - 60,000,000 -
<br /> SRF 14 Pump Station Rehab Phase 2 2021 - - - - - 55,227,000
<br /> Bond 1 Future Bond Issue 1 2018 - - 24,000,000 - - -
<br /> Bond 2 Future Bond Issue 2 2020 - - - - 11,692,000 -
<br /> Total 1,400,000 195,321,000 36,005,000 165,721,000 87,232,000 55,227,000
<br /> Cumulative 1,400,000 196,721,000 232,726,000 398,447,000 485,679,000 540,906,000
<br /> Project Financing
<br /> SRF Loans 1,400,000 195,321,000 12,005,000 165,721,000 75,540,000 55,227,000
<br /> Bonds - - 24,000,000 - 11,692,000 -
<br /> Estimate of Annual Debt Service per$10 Million of Project Funding
<br /> SRF Loans(2.5%,30-Year) 400,000 500,000 500,000 500,000 500,000 500,000
<br /> Bonds(5.5%,30-Year) 750,000 750,000 750,000 750,000 750,000
<br /> Estimated Annual Debt Service
<br /> SRF Loans 56,000 9,766,000 600,000 8,286,000 3,777,000 2,761,000
<br /> Bonds - - 1,800,000 - 877,000 -
<br /> Total 56,000 9,766,000 2,400,000 8,286,000 4,654,000 2,761,000
<br /> Cumulative 56,000 9,822,000 12,222,000 20,508,000 25,162,000 27,923,000
<br /> Allocation of Cumulative Debt to Member Agencies
<br /> Belmont 9.45% 5,000 928,000 1,155,000 1,938,000 2,378,000 2,639,000
<br /> Redwood City 48.57% 27,000 4,771,000 5,936,000 9,961,000 12,221,000 13,562,000
<br /> San Carlos 15.14% 8,000 1,487,000 1,850,000 3,105,000 3,810,000 4,228,000
<br /> West Bay SD 26.84% 15,000 2,636,000 3,280,000 5,504,000 6,753,000 7,495,000
<br /> B Sewer Utility Finances& Rates 53
<br /> W Water&Sewer Financial Plans&Rate Studies
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