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Sewer Utility Finances & Rates 53
<br /> Water & Sewer Financial Plans & Rate Studies
<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 />
<br />Table S4: Planning Level Estimates of Future SVCW Financings
<br />DebtFinancing
<br />IssueProject DescriptionAward201620172018201920202021
<br />Projected Future SVCW Financings
<br />SRF 1Conveyance Planning20161,400,000 ‐ ‐ ‐ ‐ ‐
<br />SRF 2WWTP Improvements Phase 22017 ‐ 14,691,000 ‐ ‐ ‐ ‐
<br />SRF 3Food Waste2017 ‐ 13,830,000 ‐ ‐ ‐ ‐
<br />SRF 4Headworks2017 ‐ 39,312,000 ‐ ‐ ‐ ‐
<br />SRF 5Tunnel/Pipeline Phase 12017 ‐ 115,304,000 ‐ ‐ ‐ ‐
<br />SRF 6Receiving Lift Station Phase 12017 ‐ 12,184,000 ‐ ‐ ‐ ‐
<br />SRF 7WWTP Improvements Phase 32018 ‐ ‐ 12,005,000 ‐ ‐ ‐
<br />SRF 8Nutrient Removal Phase 12019 ‐ ‐ ‐ 38,000,000 ‐ ‐
<br />SRF 9Pump Station Rehab Phase 12019 ‐ ‐ ‐ 9,750,000 ‐ ‐
<br />SRF 10Tunnel/Pipeline Phase 22019 ‐ ‐ ‐ 83,857,000 ‐ ‐
<br />SRF 11Receiving Lift Station Phase 22019 ‐ ‐ ‐ 34,114,000 ‐ ‐
<br />SRF 12Peak Diversion Facility2020 ‐ ‐ ‐ ‐ 15,540,000 ‐
<br />SRF 13Nutrient Removal Phase 22020 ‐ ‐ ‐ ‐ 60,000,000 ‐
<br />SRF 14Pump Station Rehab Phase 22021 ‐ ‐ ‐ ‐ ‐ 55,227,000
<br />Bond 1Future Bond Issue 12018 ‐ ‐ 24,000,000 ‐ ‐ ‐
<br />Bond 2Future Bond Issue 22020 ‐ ‐ ‐ ‐ 11,692,000 ‐ __________________________________________________________________
<br /> Total1,400,000 195,321,000 36,005,000 165,721,000 87,232,000 55,227,000
<br /> Cumulative1,400,000 196,721,000 232,726,000 398,447,000 485,679,000 540,906,000
<br />Project Financing
<br /> SRF Loans1,400,000 195,321,000 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 Loans56,000 9,766,000 600,000 8,286,000 3,777,000 2,761,000
<br /> Bonds ‐ ‐ 1,800,000 ‐ 877,000 ‐ ________________________________________________________________________
<br /> Total56,000 9,766,000 2,400,000 8,286,000 4,654,000 2,761,000
<br /> Cumulative56,000 9,822,000 12,222,000 20,508,000 25,162,000 27,923,000
<br />Allocation of Cumulative Debt to Member Agencies
<br /> Belmont9.45%5,000 928,000 1,155,000 1,938,000 2,378,000 2,639,000
<br /> Redwood City48.57%27,000 4,771,000 5,936,000 9,961,000 12,221,000 13,562,000
<br /> San Carlos15.14%8,000 1,487,000 1,850,000 3,105,000 3,810,000 4,228,000
<br /> West Bay SD26.84%15,000 2,636,000 3,280,000 5,504,000 6,753,000 7,495,000
<br />Project Cost by Year of Construction Awards
<br />6.4.A. - Page 80
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