6c Stormwater utility rates slides
Marine Stormwater Utility Rates for 2018 Commission Review November 14, 2017 1 Overview Goals: Assess and rehabilitate Stormwater Infrastructure to protect Puget Sound Current rates and revenue Budget, forecast and rates 2018 Proposed Rate structure Introduction and agenda 2 Highlights Marine Stormwater Utility formed in 2014 to protect water quality of the Puget Sound Won AAPA Comprehensive Environmental Management Award Tenant fees about 15% lower compared to City's Utility fees Will meet 2017 goal on system assessment to obtain baseline conditions A dozen urgent repairs completed preventing safety & operational hazard Investments in the stormwater system Green Stormwater Infrastructure such as oyster shell barrels & rain garden Installation of tide gates Tenants expressed positive feedback on our efforts Highlights of work accomplished 3 Utility Goals Century Agenda Goals for Maritime Stormwater 4 Assessment Process 78 total miles of stormwater pipes to be assessed Utility crew (MM staff) cleans and videos pipes using Utility assets Assessment data available via GIS maps Equipment and labor to obtain data 5 Assessment Goals & Progress 100% 80% 60% Goal 40% Progress 20% 0% 2017 2018 2019 Progress ahead of schedule 6 Rehabilitation Goals & Progress 35% 30% 25% 20% Goal 15% Progress 10% 5% 0% 2017 2018 2019 2020 2021 Century Agenda goal of 75% rehabilitation by 2035 7 Current Rates City Rates Port Rates Stormwater Rate Category 2016 2017 2016 2017 Undeveloped (0 - 15% Impervious) Regular Impact $31.24 $34.76 $29.17 $30.34 Low Impact $18.57 $20.67 $17.08 $17.76 Light (16 - 35% Impervious) Regular Impact $48.52 $53.54 $45.11 $46.91 Low Impact $38.31 $42.26 $35.48 $36.90 Medium (36 65% Impervious) Regular Impact $70.67 $77.60 $65.52 $68.14 Low Impact $57.21 $62.86 $52.71 $54.81 Heavy (66 85% Impervious) $93.56 $102.48 $87.91 $91.42 Very Heavy (86 100% Impervious) $112.38 $122.94 $103.98 $108.14 2015-2017 rates approved by Commission in 2014. 8 Revenue Summary Revenue $1,036,858 Port $2,391,117 Port Tenants $499,108 Alliance Alliance Tenants $1,035,212 Total revenue breakdown for all facilities 9 Revenue Example T106 Revenue $13,220 Port $48,723 Port tenants $70,341 Alliance tenants Alliance 0 sq ft. Alliance tenants 450,557 sq ft. Port 122,088 sq T106 total area of 1,223,264 sq ft. ft. Port tenants T106 total fee of $132,284 650,619 sq ft. Revenue breakdown for a facility 10 Capital Budget Summary $'s in 000's 2018 2019 2020 2021 2022 2018-2022 Commission Authorized/Underway - - - - - - Pending 2016/2017 Authorization 1,550 1,500 1,942 500 500 5,992 T18 Stormwater outfalls renew/replace 1,050 1,000 1,442 - - 3,492 Portwide Stormwater Sys Renewal 500 500 500 500 500 2,500 - Pending Future Authorization - - 500 1,500 1,500 3,500 SWU Contingency - - 500 1,500 1,500 3,500 - Small Capital Projects 150 150 150 150 150 750 1,700 1,650 2,592 2,150 2,150 10,242 System Improvements start in 2018 11 Maintenance Budget Summary 2017 Assessments of 2018 Assessments of 30% - $1.8 million 45% - $2.7 million Terminal 18 Terminal 30 Terminal 46 Terminal 5 Terminal 25 Fishermen's Terminal Terminal 5 (completion) Terminal 30, 46 and 91 Terminal 115 for specific needs Terminal 104 50% more assessment in 2018 than 2017 12 10-year Forecast Proposed rate structure for 10-year cost recovery 13 10-year Forecast Key Points Recommend 7.75% rate increase in 2018 Placeholder of 7% annually between 2019 to 2027 for positive cash balance Different alternatives considered various capital spending levels while holding expenses steady High short-term investments on maintenance and capital may lead to significant annual deficit and negative cash balance by 2020 without 7.75% Recover costs to prevent negative funds Build a financially prudent model for long-term operations Cost recovery based on 10-year forecast - no profit generated 14 2018 Proposed Rates Stormwater Rate Category City 2018 Port 2018 Undeveloped (0 - 15% Impervious) Regular Impact $37.60 $32.69 Low Impact $22.37 $19.14 Light (16 - 35% Impervious) Regular Impact $57.44 $50.55 Low Impact $45.33 $39.76 Medium (36 65% Impervious) Regular Impact $82.86 $73.42 Low Impact $67.18 $59.06 Heavy (66 85% Impervious) $109.16 $98.51 Very Heavy (86 100% Impervious) $130.77 $116.52 Rate proposal based on Steering Committee recommendation 15 Rate Trends $140.00 "Very Heavy" Rate per $130.00 $120.00 ft. 1000 sq $110.00 City Port $100.00 $90.00 $80.00 2014 2015 2016 2017 2018 Rate comparison between City and Port 16 Tenant Communication Bill insert to be sent out with December bills 17
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