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3. Water Program Funding: In addition to supporting the ongoing operational and <br /> service costs of continuing to deliver clean, reliable water to customers, funding will <br /> be required for the following: <br /> • Reserve replenishment to recover from the previous drought emergency and <br /> potential increased water supply expenses due to the loss of City's groundwater <br /> wells and increases in DSRSD-EBMUD Recycled Water Authority (DERWA) <br /> recycled water wholesale rates. This water rate increases proposed in this <br /> report addresses the funding needed for this effort. <br /> • Rehabilitation/treatment of groundwater wells and/or or implementation of <br /> alternative water supply sources. The Water Supply Alternative Project will <br /> identify the needed capital project; a Phase 2 water rate study to be completed <br /> by the end of 2024 will propose the funding needed for the selected project. <br /> • Enhanced capital infrastructure projects for regulatory compliance, service <br /> enhancements, and to address repair and replacement. Staff will initiate an <br /> update of the water financial plan (and on a 4-year cycle moving forward) that <br /> evaluates annual costs to meet expected operational service levels and to <br /> implement a 10-Year Capital Improvement Plan (CIP). This project will be <br /> completed in early 2024. <br /> Jointly Submitted by: Approved y.- <br /> Tamara <br /> :Tamara Baptista Susan Hsieh G rry Beaudin <br /> Interim Director of Operations Director of Finance City Manager <br /> and Water Utilities <br /> Attachments: <br /> 1. Draft Water and Recycled Water Rate Study prepared by Raftelis <br /> 2. Draft Public Hearing Notice to Ratepayers <br /> Page 17 of 17 <br />