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<br />ð-/D-'£; <br /> <br />Fiscal Impact <br />In January 2005 the City Council approved the Water Financing Plan - 2004 Update, and <br />authorized the first issue of Water Revenue Bonds to finance the design and construction <br />of the first Recycled Water Project facilities. The $32.6 million in bond proceeds <br />reimbursed the Water Fund for prior project costs ($8.3M) and established a new, separate <br />project fund ($24.3M) that is providing financing for this and other professional services <br />agreements as well as construction of water recycling facilities at the South Bayside <br />System Authority waste water treatment plant. <br /> <br /> <br />(!ac ~4)-- <br /> <br />Ed Everett <br />City Manager <br /> <br />Attachments <br />1. Exhibit One - Kennedy/Jenks Project Activities and Accomplishments, August 2004 <br />to August 2005 <br />2. Amendment No.1 to the professional engineering services agreement with <br />Kennedy/Jenks Consultants for Recycled Water Project - Customer Retrofit and <br />Program Support Services - Phase One <br /> <br />Full copy of original agreement is available for review in the office of the City Clerk. <br /> <br />Page 2 of 2 <br /> <br />"T"'- <br />