RES 02047 - Laserfiche WebLink

Livermore is not initially participating in the expansion project but has the right until November 2005 to elect to participate. If Livermore were to decide to participate in the expansion project, the percentages of debt service paid by DSRSD. for itself and Pleasanton. would be adjusted to reflect such participation. Like\\ise, the fixed cost allocation for main- tenance and operation may be modified. Livermore is pennined to participate in 18.18 percent of the expansion project, which would increase its share of the total debt service on the bonds to 26.88 percent. Livermore would also be responsible for the additional cost of a sole use LA VWMA pipeline from Livermore to the LA VWMA pump station. The members have pledged revenues from their respective enterprises towards the payments due under the sewer service contract. However. debt service allocable to the expansion project is planned to be paid from a rate stabilization fund, which is funded from regional connection fees collected by DSRSD and P]easanton. The members covenant to set charges in an amount sufficient to pay all maintenance and operation costs (including payrnents due under the sewer service contract) and debt service on the bonds not paid for by the rate stabilization fund. Rate Stabil.ization Fund for Expansion Debt Sen,ice A rate stabilization fund was created in connection with the delivery of the DSRSD certif- icates in August 2000. The fund is maintained by DSRSD for its own account and Pleas- anton's. All regional connection fees, whether collected by the district or collected by Pleasanton and paid to the district, are required to be deposited in the rate stabilization fund. The district will anempt to maintain the rate stabilization fund at a target level that is two times maximum annual expansion debt service. which includes the expansion components of the DSRSD and LA VWMA projects. The district is not required to fund the rate stabili- zation fund from revenues derived from user charges assessed to wastewater custorners. At fiscal year end 2001 the fund had a balance of about $43.4 million. equal to five times rnaximum annual expansion debt service of the DSRSD and LA VWMA projects. Pleasanton Wastewater Sen'ice Area and Customers Pleasanton's wastewater systern provides services for the collection and (through DSRSD and LA VWMA) treatment and disposal of wastewater to an area of about 22.5 square miles serving a population of about 67.300. At June 30. 2001. the wastewater system collected wastewater from 26.1 20 dwelling unit equivalents (DUEs). (A dwelling unit equivalent is an amount of wastewater flow and loadings equivalent to that discharged by a typical single family dwelling unit. Defining customers in terms of DUEs allow the demand of any customer or class to be easily evaluated in terms of the wastewater discharge parameters ofa typical single family residence.) Pleasanton's aggregate wastewater flow averages 6.2 mgd with a peak of approximately 7.2 mgd. Table I shows the dwelling unit equivalents and connections to the system at June 30. 200]. 9