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AgdaPkt 2019-06-24 Joint SA PFA
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AgdaPkt 2019-06-24 Joint SA PFA
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Last modified
10/1/2020 3:41:57 PM
Creation date
6/20/2019 6:01:33 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/24/2019
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MUM <br />Rel <br />�Y Sewer Utility Overview <br />a <br />► City operates a wastewater collection system <br />➢ Roughly 200 miles of sewer pipelines and 31 pump stations <br />➢ Many pipelines are >50 years old & in need of rehab & replacement <br />P, Wastewater conveyed to regional treatment <br />plant operated by Silicon Valley Clean Water <br />SVCW conveyance pipeline and treatment <br />plant in process of being rebuilt and upgraded <br />9 5� <br />�� Financial Challenges <br />�w <br />► SVCW Rebuilding Regional Treatment Plant & Force Main <br />➢ SVCW facilities at end of life, outdated, increased risk of failure <br />➢ Total cost estimate: $850M; Redwood City share = --48.57%, roughly $413 M <br />➢ Redwood City's share of debt service ramps up from $11.1 M in current year to about <br />$21.8 M over the next 8 years <br />► Rehab & Replacement of Aging City Sewer Infrastructure <br />➢ Many pipelines are over 50 years old & in need of rehab & replacement <br />➢ City addressing its infrastructure needs on a pay-as-you-go basis with no debt <br />➢ City has been making progress, but has a long way to go <br />➢ Capital improvement funding estimated at $7.5M+ per year <br />► Operating Cost Inflation", <br />10 <br />�J <br />22 <br />
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