21 ATTACHMENT 3 - Laserfiche WebLink

71 Capital Improvement Program Livermore currently has no plans to incur additional indebtedness to finance capital improvement projects for its Sewer System. Insurance Risk Retention Pool Self Insurance. Livermore currently maintains comprehensive liability insurance from the California Joint Powers Risk Management Authority (“CJPRMA”) with a claims limit of $39.25 million. Livermore also has property insurance coverage with a $250,000 deductible and excess of coverage of $400,000,000. Workers Compensation Risk Retention Pool. Livermore maintains worker’s compensation insurance from the Local Agency Worker’s Compensation Excess Joint Powers Authority. Livermore retains $500,000 while the pool retention is $5,000,000. Excess worker’s compensation insurance with a statutory claims limit is maintained through membership in Public Risk Innovation, Solutions, and Management (PRISM). Employees Livermore has 50.5 employees employed in its Water Resource Division; 41.5 of these employees are members of the Association of Livermore Employees, whose contract expires on September 30, 2021. Livermore has not had any work stoppages by its employees in recent years. For information regarding pension plans for Livermore’s employees, see Appendix A attached hereto. PLANNED DEVELOPMENT IN THE LAVWMA SERVICE AREA Moderate residential and commercial development is expected to occur within the LAVWMA service area over the next 10 years. However, this projected growth is occurring more slowly than estimated in the General Plans of the municipalities when the plans were adopted. Most of this development is expected within the city limits of Dublin with very little growth expected in San Ramon since the Dougherty Valley is almost at buildout based on the 2014 Dougherty Valley Specific Plan. The projections relating to the payment of Expansion Project Debt Service on the 2021 Bonds by DSRSD, on behalf of itself and Pleasanton, assume that connection fees will be a significant source of future revenue. See “RISK FACTORS – Dependence of Connection Fee Revenue on Development.” In 1993, Dublin approved the Eastern Dublin Specific Plan and General Plan Amendment (the “Dublin General Plan”), which calls for the development of approximately 13,000 homes and 11 million square feet of commercial and office floor space. Since that time, the Dublin General Plan has been amended to add 9,500 homes. To date, approximately 1,700 homes remain to be built. The number of permits issued by DSRSD over the past five fiscal years equals the number of new connections in those same fiscal years. See Table 5.