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HomeMy WebLinkAbout06-10-2014 B2a Water Enterprise Fund ReviewCity of San Luis Obispo, Council Agenda Report, Meeting Date, Item Number FROM: Carrie Mattingly, Utilities Director Prepared By: Wade Horton, Water Division Manager Brigitte Elke, Business Manager SUBJECT: 2014-15 WATER ENTERPRISE FUND REVIEW RECOMMENDATION 1. Review and accept the Fiscal Year (FY) 2014-15 Water Enterprise Fund report. 2. Conceptually approve the FY 2014-15 Water Enterprise Fund budget, with final action on June 17, 2014, with the adoption of the 2013-15 Financial Plan Supplement 3. Adopt a resolution revising water fixtures and meter charges based on current material costs for meter sizes and time and material on larger sizes. DISCUSSION This report presents the annual review of the City’s Water Enterprise Fund. It highlights major adjustments made to the Fund analysis since the preparation of the 2013-15 Financial Plan. As outlined in the FY 2014-15 Water Enterprise Fund Analysis, which forecasts the financial position of the Water Fund through FY 2020-21, the City continues to: 1. Provide adequate water supply for the community; 2. Fund debt service for the completed Water Treatment Plant improvements and the City’s share of long-term financing obligations for the Nacimiento water supply; 3. Manage capital maintenance projects to maintain the community’s water infrastructure assets; and, 4. Provide recycled water for landscape irrigation and construction water purposes. FY 2014-15 Water Enterprise Fund Analysis Report The FY 2014-15 Water Enterprise Fund Analysis Report (Attachment 1) includes changes in financial position, analysis assumptions, an update on major activities and programs, and incorporates two capital improvement projects; one for the unanticipated replacement of a pressure reducing valve at Foothill and Chorro Street and one for the construction phase of emergency waterline replacement on Monterey Street as presented to Council on December 10, 2013. June 10, 2014 B2a B2a - 1 Water Enterprise Fund Review – FY 2014-15 Page 2 2013-15 Financial Plan Supplement: FY 2014-15 Budget Revenue Update Overall, revenue projections for FY 2014-15 are estimated to come in one percent lower than the 2013-15 Financial Plan assumptions due to downward adjustments in interest earnings and a reduction in sales to other agencies. The City Council adopted water service rates in support of the City’s 2013-15 Financial Plan during a public hearing on June 12, 2013, in accordance with Proposition 218 requirements. The adopted FY 2014-15 water rates reflect a 5.5% increase, effective July 1, 2014. Operating Program Update The Water Enterprise Fund administers seven operating programs, all of which are on track with their respective work programs within allocated resources. No increases or changes from the assumptions made in the 2013-15 Financial Plan are recommended for FY 2014-15. The Source of Supply program element within the Water Enterprise fund is approximately 60 percent of overall operating expenditures. Capital Improvement Plan Amendments One recommended project addition will replace the pressure reducing valve at the intersection Foothill and Chorro. This project will add $109,000 to the capital improvement plan for FY 2014-15 as outlined in Attachment 1. The second project was brought before Council on December 10, 2013 due to continued issues with the water transmission line on Monterey Street between California and Pepper. In this report staff recommended the replacement of the line and the City Council approved the design contract and authorized staff to advertise for bids. Funding of the construction contract was to be included in the FY 2014-15 Supplement. Construction cost is estimated at $391,430 with the amount incorporated in the Fund review. Proposed Revisions to Water Fixture and Meter Charges The proposed Resolution “Setting Charges for Water Customer Valves, Adapters, and Meter Boxes and Lids” (Attachment 2) identifies the proposed revisions to water fixture and meter charges. Due to changes in State-mandated lead standards in plumbing fixtures (AB 1953), water fixture and meter costs have increased substantially. Additionally, prices vary greatly depending on the application of the meter, i.e. landscape versus apartment complex versus schools. Based on the price differences, staff recommends applying a “time and material” cost to the new rate schedule in order to recover the cost as accurately as possible. FISCAL IMPACT The additional recommended capital project will cost $109,000. The Water Enterprise Fund analysis estimates that the fund will have an unreserved working capital of $2,974,173 at the beginning of FY 2014-15, sufficient funding to cover the cost of the project. ATTACHMENTS B2a - 2 Water Enterprise Fund Review – FY 2014-15 Page 3 1. FY 2014-15 Water Enterprise Fund Analysis and Exhibits 2. Resolution Setting Charges for Water Customer Valves, Adapters, and Meter Boxes and Lids T:\Council Agenda Reports\2014\2014-06-10\Enterprise Fund Review (Grigsby-Mattingly)\Water Enterprise Fund Review B2a - 3 ATTACHMENT 1 FY 2014-15 Water Fund Analysis June 10, 2014 Prepared by the Utilities Department B2a - 4 Attachment 1 ________________________________________________________________________________________________________ City of San Luis Obispo FY 2014-15 Water Enterprise Fund TABLE OF CONTENTS I. OVERVIEW II. 2013-15 FINANCIAL PLAN SUPPLEMENT: FY 2014-15 BUDGET A. Revenue Summary B. Operating Program Summary C. Capital Improvement Plan Summary D. Debt Service Summary III. MAJOR ACTIVITIES AND PROGRAMS A. FY 2013-14 Update B. FY 2014-15 Forecast EXHIBIT A – FINANCIAL SCHEDULES A.1. Changes in Financial Position A.2. Projection Assumptions A.3. Capital Improvement Plan EXHIBIT B – WATER RATE STRUCTURE HISTORY B2a - 5 Attachment 1 ________________________________________________________________________________________________________ FY 2014-15 Water Enterprise Fund Analysis I. OVERVIEW This report presents the financial condition of the Water Enterprise Fund, based on the 2013-15 Financial Plan Supplement: FY 2014-15 Budget and includes operating and capital programs. It reflects regulatory requirements, infrastructure maintenance, and adopted City financial policies and compares the fund’s standing with the assumptions made for the 2013-15 Financial Plan. II. 2013-15 FINANCIAL PLAN SUPPLEMENT: FY 2014-15 BUDGET A. Revenue Summary The Water Enterprise Fund’s projected revenues are summarized in Table A. Table A. Revenue Summary Original Revised Original Revised BudgetBudget Variance BudgetBudget Variance Investment & Property Revenue 169,20050,000(119,200)140,80050,000(90,800) Water Service Charges 16,131,90016,131,900 0 17,019,20017,019,200 0 Sales to Other Agencies 896,400896,400 0 945,700842,908(102,792) Development Impact Fees 662,000662,000 0 678,600678,600 0 AB 939 Reimbursement 128,400128,400 0 131,000131,000 0 Account Set-up Fees 101,400101,400 0 103,400103,400 0 Connection Charges & Meter Sales 27,00027,000 0 27,50027,500 0 Other Revenues 30,00031,4301,43030,60032,1001,500 Total 18,146,30018,028,530(117,770)19,076,80018,884,708(192,092) 2013-14 2014-15 Overall, revenue projections for FY 2013-14 are in alignment with the 2013-15 Financial Plan with a correction to expected investment revenue. FY 2013-14 revenue projections are based upon actuals through March 31, 2014. For FY 2014-15, investment earnings were adjusted from the original assumptions and Sales to Other Agencies income reflects the lower rate applicable for Cal Poly. Beyond FY 2014-15, Water Service Charges are estimated using projected water service rate changes applied to the previous year’s projected sales. B2a - 6 Attachment 1 ________________________________________________________________________________________________________ With the 2013-15 Financial Plan, the City Council adopted rates applicable to both years of the Financial Plan. In order to keep the fund healthy and in good financial standing for bond ratings, the Council approved a rate increase of 5.5% effective July 1, 2014. The new rates, applicable July 1, 2014 are summarized below: FY 2014-15 Water Rates Customer Type All Customers 1 Inside the City Rates 1 - 8 Units $6.92/ Unit 9+ Units $8.65/ Unit Base Fee $5.28 Outside the City Rates 2 1 - 8 Units $13.84/ Unit 9+ Units $17.30/ Unit Base Fee $10.56 1 1 unit = 100 Cubic Feet = 748 gallons of water 2 For service to customers outside the City, the water rates are two times the “in-City” rate. The following table compares the FY 2013-14 and FY 2014-15 monthly cost for residential customers based upon various usage levels and approved water rates. The average water usage is 8 units of water. Residential Monthly Water Bill Comparison Consumption 1 3 units 8 units 2 12 units 25 units Water Current $24.68 $57.48 $90.28 $196.88 Water Proposed July 1, 2014 $26.04 $60.64 $95.24 $207.69 Variance (5.5%) $1.36 $3.16 $4.96 $10.81 B2a - 7 Attachment 1 ________________________________________________________________________________________________________ B. Operating Program Summary The Water Division Operating Program budgets are summarized in Table B. The summary reflects the operating program base budget amounts for FY 2014-15 as approved with the 2013-15 Financial Plan. No changes were made to the program budgets and all work programs will be achieved within Financial Plan 2013-15 allocated resources. 2014-15 BUDGET 7,716,900 320,500 2,337,700 1,116,300 298,400 554,300 659,600 $13,003,700 (1) Source of Supply costs include $6,190,500 in FY 2014-15 for the Nacimiento Water Project (2) Customer Service costs are allocated 50/50 between the Water and Sewer Funds Table B. Summary of Operating Programs Water Source of Supply (1) Water Administration/Engineering Utilities Conservation Water Treatment Water Distribution Water Customer Service (2) Water Franchise Fees TOTAL WATER SERVICES OPERATING PROGRAMS B2a - 8 Attachment 1 ________________________________________________________________________________________________________ C. Capital Improvement Plan Summary Capital improvement project expenses are forecast based on infrastructure maintenance and repair history, individual project budget estimates and regulatory requirements. Maintaining the water system infrastructure, including major equipment and technology, is critical for the delivery of uninterrupted high quality water services to the community. Water Division Capital Improvement Plans are summarized in Table C. The table includes one new recommended capital project for the replacement of a pressure reducing valve on Foothill and Chorro Street. Table C. Capital Improvement Plan 2013-142014-15 BUDGET PROPOSED Water Treatment Plant Major Facility Maintenance 60,000 310,000 Fleet Replacement: Compact Pickup 24,300 Water Distribution Distribution System Improvements - Pipelines * 1,877,521 1,470,000 Fleet replacement: Portable Generators (50% share)- 152,900 Street Reconstruction 20,050 - Monterey Waterline Replacement 59,840 - Distribution Pump Station Upgrads - 50,000 Telemetry System Upgrade - Water Distribution 1,500,000 Monterey Street Waterline Replacement 391,430 Foothill/Chorro PRV Replacement - NEW 109,000 Administration and Engineering Fleet replacement: Sedan 16,200 Mobile Equpment Lifts and Safety Stands 9,100 Water Customer Service Fleet Replacement: Compact Pickup 24,300 Utilities Services Fleet Replacement: Compact Pickup 24,300 Total Water Services CIP Requests 3,582,2112,516,730 Shared Information Technology Office related application software & storage 41,50029,400 Total Share of Information Technology CIP 41,50029,400 Carryover from 2012-13 950,312 TOTAL WATER FUND CAPITAL PLAN $4,574,023$2,546,130 *includes trench repairs, fire lateral reimbursement, raise valve covers, and water storage reservoir maintenance. B2a - 9 Attachment 1 ________________________________________________________________________________________________________ D. Debt Service Summary The Water Enterprise Fund’s debt service obligations are summarized in Table D. Table D. Debt Service Summary 2014-15 Comments Budget 2012 Water Revenue Bonds $569,600 Refunded 2002 Water Revenue Bonds. 2006 Water Revenue Bonds $1,034,000 State Revolving Fund Loan - Water Reuse $525,500 2009 Public Safety Radio System Upgrade $37,600 2009 Public Safety Communications Center $28,600 Total $2,195,300 The Nacimiento Water Supply Project debt financing is facilitated through the County, and the City’s share of the debt service costs are accounted for as an operating expense in the Source of Supply operating program budget. III. MAJOR ACTIVITIES AND PROGRAMS A. FY 2014-15 Update 1. Johnson Avenue 16 inch Waterline Replacement Phase 1 This project will replace approximately 3,000 linear feet of 12 and 16 inch cast iron waterline on Johnson Avenue between Iris and the Bishop Pump Station, which is five hundred feet northeast of the Johnson and Bishop intersection. Additional pipe work will also be completed on Bishop Street between Johnson and Augusta. The Johnson Avenue Waterline Replacement project was identified in the 2013-15 Financial Plan, pages 3-114 to 3-119. In order to minimize interruption to San Luis High School, implementation of the phases listed in the Financial Plan has been reorganized. $910,000 was identified for this phase of the project (2014-15 Project List), which is consistent with the Engineer’s Estimate. Funding of $1,350,000 for other replacement waterline sections immediately in front of San Luis High School (2013-14 Project List) will be moved to 2014-15 so that work can be accomplished during summer break. Phase 1 design is complete and the project is currently out to bid, with construction scheduled to begin June 2014. Phase 2 will replace approximately 3,700 linear feet of 16 inch cast iron waterline on Johnson Avenue from Lizzie Street to San Luis Drive, San Luis Drive from Johnson B2a - 10 Attachment 1 ________________________________________________________________________________________________________ to California, and California from San Luis Drive to Mill Street, is currently at 60% design, with construction scheduled for summer 2015. 2. Monterey Street Waterline Replacement In the past 17 months the ten-inch waterline on Monterey Street between California and Pepper has broken twice. Businesses in the area were without water and traffic was diverted around this section of Monterey Street while crews spent several hours repairing the break. An analysis of the risk and benefit of replacing the waterline was completed after the second break. Although the project was not currently on the list of scheduled waterline replacements, the Utilities department recommended replacement as soon as possible. Staff has received approval from council in December 2013 to move forward with the design of the replacement section, with funding for the construction services portion of the project to be provided during the 2014-15 budget supplement process from the Water Fund’s working capital. Design phase is currently 75% complete, with construction tentatively scheduled for fall 2014. B2a - 11 Attachment 1 ________________________________________________________________________________________________________ EXHIBIT A FY 2014-15 WATER ENTERPRISE FUND FINANCIAL SCHEDULES B2a - 12 Attachment 1 Exhibit A.1 5/20/2014 CHANGES IN FINANCIAL POSITION - WATER FUND 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Revised Budget Budget Projection Projection Projection Projection Projection Projection Revenues Investment and Property Revenues 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Service Charges Water Sales Water Service Charges 16,131,900 17,019,200 17,614,900 18,143,300 18,596,900 18,968,800 19,348,200 19,735,200 Sales to Other Agencies 896,400 842,908 872,400 898,600 921,100 939,500 958,300 977,500 Development Impact Fees 662,000 678,600 701,100 724,300 749,800 776,200 805,500 835,900 AB 939 Reimbursement 128,400 131,000 134,700 138,100 142,000 146,000 150,400 154,900 Account Set-up Fees 101,400 103,400 106,300 109,000 112,100 115,200 118,700 122,300 Connection Charges and Meter Sales 27,000 27,500 28,300 29,000 29,800 30,600 31,500 32,400 Other Revenues 31,430 32,100 33,000 33,800 34,700 35,700 36,800 37,900 Total Revenues 18,028,530 18,884,708 19,540,700 20,126,100 20,636,400 21,062,000 21,499,400 21,946,100 Expenditures Operating Programs Public Utilities 13,166,727 13,003,700 13,228,000 13,497,900 13,788,300 14,051,300 14,324,500 14,606,300 General Government 1,268,800 1,167,004 1,199,700 1,229,700 1,266,600 1,304,600 1,343,700 1,384,000 Total Operating Programs 14,435,527 14,170,704 14,427,700 14,727,600 15,054,900 15,355,900 15,668,200 15,990,300 Capital Improvement Plan 4,574,023 2,546,130 2,836,600 2,621,000 1,935,700 1,956,300 3,175,000 2,211,400 Debt Service 2,191,400 2,195,300 2,192,600 2,194,000 2,194,200 2,197,500 2,152,600 2,157,500 Total Expenditures 21,200,950 18,912,134 19,456,900 19,542,600 19,184,800 19,509,700 20,995,800 20,359,200 Other Sources (Uses) Projected Retirement Buyouts (70,200)(78,700) PERS employer rate increase (20,800)(42,500)(43,600)(44,700)(45,800)(46,900)(48,100) Projected Debt Proceeds Other Sources (Uses) Other Sources (Uses)(37,607) Total Other Sources (Uses)(107,807)(99,500)(42,500)(43,600)(44,700)(45,800)(46,900)(48,100) Revenues and Other Sources Over (Under) Expenditures and Other Uses (3,280,227)(126,926)41,300 539,900 1,406,900 1,506,500 456,700 1,538,800 fund balance adj to CAFR (1,000) Working Capital, Beginning of Year 14,845,300 11,564,073 11,437,147 11,478,447 12,018,347 13,425,247 14,931,747 15,388,447 Working Capital, End of Year 11,564,073 11,437,147 11,478,447 12,018,347 13,425,247 14,931,747 15,388,447 16,927,247 Reserve (20% of operating)2,887,100 2,834,100 2,885,500 2,945,500 3,011,000 3,071,200 3,133,600 3,198,100 Rate Stabilization Reserve (10% of sales revenue)1,702,800 1,786,200 1,848,700 1,904,200 1,951,800 1,990,800 2,030,700 2,071,300 Capital Reserve for WTP upgrade 4,000,000 4,250,000 4,500,000 4,750,000 6,000,000 7,500,000 8,000,000 9,500,000 Unreserved Working Capital 2,974,173 2,566,847 2,244,247 2,418,647 2,462,447 2,369,747 2,224,147 2,157,847 B2a - 13 Attachment 1 Exhibit A.2 PROJECTION ASSUMPTIONS - WATER FUND CATEGORIES 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Utilities Service Fees CPI Projections 1.4%2.0%2.8%2.8%3.0%3.0%3.0%3.0% Nacimiento Payment for Operating and Maintenance & Reserves $1,488,478 $1,477,000 $1,520,600 $1,565,700 $1,612,000 $1,659,700 $1,708,900 $1,759,700 Nacimiento Payment for SLO County Debt Service $4,713,700 $4,713,500 $4,714,300 $4,714,600 $4,718,500 $4,713,300 $4,713,800 $4,714,600 Debt Service - 2012 Water Revenue Bonds $564,800 $569,600 $568,600 $572,000 $569,600 $571,600 $567,800 $568,400 Debt Service - 2006 Water Revenue Bonds $1,034,600 $1,034,000 $1,032,800 $1,031,000 $1,033,600 $1,035,400 $1,030,900 $1,035,300 Debt Service - State Revolving Fund Loan - Water Reuse Project $525,500 $525,500 $525,500 $525,500 $525,500 $525,500 $525,500 $525,500 Projected Debt Service - 2021 Water Treatment Plant Upgrade $0 $0 $0 $0 $0 $0 $0 $0 Debt Service - 2009 Public Safety Radio System Upgrade $38,200 $37,600 $37,100 $36,900 $36,900 $36,500 $0 $0 Debt Service - 2009 Public Safety Communications Center $28,300 $28,600 $28,600 $28,600 $28,600 $28,500 $28,400 $28,300 Development Impact Fee Growth Rate (1)0.25%0.50%0.50%0.50%0.50%0.50%0.75%0.75% Net Revenues/ Debt Service 1.33 1.85 2.05 2.32 2.18 2.17 2.25 2.25 Water Service Rate Increase 7.5%5.5%3.5%3%2.5%2%2%2% (1) Development Impact Fee revenue is based on Resolution No. 9582 (2004) and calculated as follows: Base year 2011-12 revenue 448,200 Adjusted base increased by projected CPI and DIF growth rate 662,000 678,600 701,100 724,300 749,800 776,200 805,500 835,900 Factors assumed to reduce development impact fee collection: base revenue adjustment for one-time large developments; maps vested prior to establishment of current development impact fees, and; lower than 1% per year growth. A study is currently underway to update the Water Development Impact Fees based on current demographics and revised cost estimates for Master Plan infrastructure project. At this time, based on preliminary information, it is anticipated that the outcome of this study may include recommendations for fee revisions to the water impact fees. B2a - 14 ATTACHMENT 1 EXHIBIT A.3 CAPITAL IMPROVEMENT PLAN - WATER FUND PROJECT DETAIL AND PHASING - PUBLIC UTILITIES 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 BUDGET BUDGET PROPOSED PROPOSED PROPOSED PROPOSED PROPOSED PROPOSED Water Treatment Plant Major Facility Maintenance Air Compressor Replacements 10,000 130,000 Stenner Canyon Raw Waterline Replacement 50,000 100,000 Floating Cover Replacements 80,000 500,000 450,000 Fleet Replacement: Compact Pickup 24,300 Fleet Replacement: Service Body Truck 59,100 Treatment Plant and Ozone Generation Upgrade 100,000 1,500,000 Fleet Replacement Forecast Total 84,300 310,000 559,100 450,000 - 100,000 1,500,000 - Water Distribution Distribution System Improvements - Pipelines 1,350,000 1,110,000 1,420,000 1,170,000 1,125,000 1,457,400 1,600,000 1,800,000 Trench Repairs 300,896 Fire Lateral Reimbursement 105,000 Raise Valve Covers 91,625 Water Storage Reservoir Maintenance and Tank Repacement 30,000 360,000 357,500 730,000 255,000 Fleet Replacement: Portable Generators (50% share)152,900 Distribution Pump Station Upgrades 50,000 500,000 50,000 500,000 220,000 55,000 240,000 Fleet replacement: Pickup 22,500 Fleet replacement: Caterpillar Backhoe Loader & Attachments 136,400 Fleet replacement: Portable vacuum pump 55,800 Fleet replacement: Service body truck 110,700 Fleet Replacement Forecast 115,600 Street Reconstruction 2013 20,050 Monterey Waterline Replacement 59,840 391,430 Foothill/Chorro PRV Replacement 109,000 Total 1,957,411 2,173,330 2,277,500 2,060,700 1,880,000 1,836,300 1,655,000 2,211,400 Water Customer Service Fleet replacement: Compact Pickups 24,300 51,400 Total 24,300 0 0 51,400 0 0 0 0 Utilities Services Fleet replacement: Compact Pickup 24,300 25,200 Total 0 24,300 0 25,200 0 0 0 0 Administration and Engineering Fleet replacement: Sedan 16,200 33,700 Fleet replacement Forecast 20,000 20,000 Mobile Equipment Lifts & Safety Stands 9,100 Total 16,200 9,100 0 33,700 0 20,000 20,000 0 General assumption for future planning purposes Total Water Services CIP Requests 2,082,211 2,516,730 2,836,600 2,621,000 1,880,000 1,956,300 3,175,000 2,211,400 Shared Information Technology City Website Upgrade (4% share) Telemetry System Upgrade - Water Distribution Construction 1,500,000 Virtual Private Network (VPN) Replacement 15,500 Network Firewalls 11,500 Network Security Upgrades 6,500 Network Switching Infrastructure Replacement 17,000 Radio Handhelds and Mobile Replacements 26,200 Document Management System 5,200 Office Application Software Replacement (5% share)12,400 Enterprise Storage Growth 2,800 Storage Capacity Upgrade and Replacement 29,500 Total Share of Information Technology CIP 1,541,500 29,400 0 0 55,700 0 0 0 Carryover from 2012-13 950,312 TOTAL WATER FUND CAPITAL PLAN 4,574,023 2,546,130 2,836,600 2,621,000 1,935,700 1,956,300 3,175,000 2,211,400 WATER SERVICES B2a - 15 Attachment 2 R ______ RESOLUTION NO. (2014 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO SETTING CHARGES FOR WATER CUSTOMER VALVES, ADAPTERS, METER BOXES, AND LIDS WHEREAS, it is the policy of the City of San Luis Obispo to review charges on an ongoing basis and to adjust them as required to ensure that they remain equitable and adequate to fully cover the cost of providing fixtures; and WHEREAS, based on Assembly Bill 1953, effective January 1, 2010 the amount of lead in specific plumbing fixtures was reduced from a regulated amount of no more than 8%, to a new standard not to exceed 0.25%; and WHEREAS, the City’s costs of procuring compliant equipment have and continue to increase as a result of the new standard; and WHEREAS, the charges set forth herein represent the actual costs to the City of procuring compliant equipment. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. The charges set forth in Exhibit “A” are hereby adopted, effective July 1, 2014. Upon motion of _______________________, seconded by _______________________, and on the following vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this 17th day of June, 2014. ____________________________________ Mayor Jan Marx ATTEST: ____________________________________ Anthony Mejia – City Clerk APPROVED AS TO FORM: _____________________________________ J. Christine Dietrick – City Attorney B2a - 16 Attachment 2 EXHIBIT A to Resolution No. _______________ (2014 Series) WATER CUSTOMER VALVES, ADAPTERS, METER BOXES AND LIDS CHARGES Water Fixture Charges Current Proposed Customer Valve Costs Customer Valve Costs 1.0 inch $ 92.00 1.0 inch $ 104.00 2.0 inch $ 283.00 2.0 inch $ 330.00 Adapter Costs (Per Pair) Adapter Costs (Per Pair) 1.0 inch service / .58 x .75 inch meter $ 20.00 1.0 inch service / .58 x .75 inch meter $ 30.00 1.0 inch service / .75 inch meter $ 19.00 1.0 inch service / .75 inch meter $ 23.00 1.5 inch service / 1.0 inch meter $ 140.00 1.5 inch service / 1.0 inch meter $ 174.00 2.0 inch service / 1.0 inch meter $ 143.00 2.0 inch service / 1.0 inch meter $ 178.00 2.0 inch service / 1.5 inch meter $ 206.00 2.0 inch service / 1.5 inch meter $ 256.00 Water Meter Charges – Material only Current Proposed Water Meter Size Cost Cost ¾" meter $138.55 $138.55 1" meter $177.92 $186.00 2" meter $1,296.00 $868.00 3" meter $1,532.00 Time and Material 4" meter $1,755.00 Time and Material 6" meter $2,586.00 Time and Material Installation cost will be added to the meter material charges identified above based on time and applicable labor rates. 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