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HomeMy WebLinkAboutWastewater Impact Fee CIP 21- 25  WASTEWATER IMPACT FEE FUND FINANCIAL SUMMARY  Financial Summary Current YearFY20 FY21 FY22 FY23 FY24 FY25UnscheduledProjected Beginning Reserve Balance Dedicated to CIP 3,590,778$      2,389,548$         2,127,470$      2,124,666$      2,407,164$       3,799$             ‐$                   Plus:  Impact Fee Revenues Dedicated to CIP 1,109,180$      1,142,455$         1,176,729$      1,212,031$      1,248,392$       1,285,844$      ‐$                   Plus:  Financing WWIF38 5,200,000$       Plus:  Financing WWIF20 2,800,000$       Plus:  Financing WWIF211,250,000$       Plus: Funding from FY19 Carry forward financing 7,985,000$       Less:  Carryover FY19 Capital Projects (8,623,947)$      Less: Debt payments (WWIF11, 24,38,20,22) (97,463)$          (879,533)$           (879,533)$        (879,533)$        (1,151,757)$      (1,151,757)$      Less:  Scheduled CIP Project Costs (6,774,000)$     (525,000)$           (300,000)$        (4,100,000)$     (2,500,000)$      ‐$                (20,245,000)$ Projected Year‐End Cash Dedicated to CIP 2,389,548$      2,127,470$         2,124,666$      2,407,164$      3,799$              137,886$         Assumptions Made for Revenue Estimates Current YearFY20 FY21 FY22 FY23 FY24 FY25Estimated Annual Wastewater Impact Fee Revenues 1,109,180$         1,109,180$              1,142,455$         1,176,729$         1,212,031$          1,248,392$           Estimated Annual Increase 0.0% 3% 3% 3% 3% 3%Total Estimated Revenues 1,109,180$         1,142,455$              1,176,729$         1,212,031$         1,248,392$          1,285,844$         Current Revenues Dedicated to CIP % 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Plus:  Increase Dedicated to Wastewater Capacity Expansion CIP 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%  Total % Dedicated to CIP 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%Total Estimated Revenues Dedicated to CIP 1,109,180$         1,142,455$              1,176,729$         1,212,031$         1,248,392$          1,285,844$         ProjectedProjectedCURRENT$(525,000)$(300,000)$(4,100,000)$(2,500,000)$‐$(20,245,000)FY20 FY21 FY22 FY23 FY24 FY25 UNSCHEDULEDWASTEWATER IMPACT FEE PROJECTS     WASTEWATER IMPACT FEE FUND PROJECT SUMMARY   Project # Project Name FY2021 FY2022 FY2023 FY2024 FY2025 UnscheduledWWIF20NORTH  FRONTAGE ROAD INTERCEPTOR        ‐                        ‐                        2,800,000             ‐                        ‐                        ‐                       WWIF22DAVIS‐FOWLER INTERCEPTOR  ‐                        ‐                        1,250,000             ‐                        ‐                        ‐                       WWIF35BABCOCK SANITARY SEWER UPGRADE         ‐                        ‐                        ‐                        ‐                        ‐                        245,000              WWIF44WRF INTERCEPTOR           ‐                        ‐                        50,000                  500,000                ‐                       WWIF45BIOTRAIN #1 RETRO FIT  ‐                        300,000                ‐                        2,000,000             ‐                        ‐                       WWIF46DOWNTOWN SEWER MAIN UPGRADES    ‐                        ‐                        ‐                        ‐                        ‐                        3,000,000           WWIF47WASTEWATER COLLECTION PLAN UPDATE    125,000                ‐                        ‐                        ‐                        ‐                       WWIF48HIDDEN VALLEY LIFT STATION   ‐                        ‐                        ‐                        ‐                        ‐                        7,000,000           WWIF49WRF CAPACITY & NUTRIENT UPGRADES     ‐                        ‐                        ‐                        ‐                        ‐                        10,000,000         WWIF51COTTONWOOD SUB SEWER OVERSIZING 400,000               Fiscal Year totals 525,000               300,000               4,100,000            2,500,000            ‐                       20,245,000           WASTEWATER IMPACT FEE FUND DETAIL BACKGROUND This enterprise fund revenue source is impact fees. Revenue estimates for Water Impact Fees have been updated with the 5‐year average collection amount, detailed on the following page.    Revenues have grown on average by 4.62% per year, over the past 5 years.  For the CIP, we have used the 5‐year Average collection, plus 3% growth each year from FY21 to FY25.     $1,052,000.00 $1,232,889.00 $1,121,780.00 $1,810,489.00 $1,109,180.00 $1,265,267.60  $‐ $200,000.00 $400,000.00 $600,000.00 $800,000.00 $1,000,000.00 $1,200,000.00 $1,400,000.00 $1,600,000.00 $1,800,000.00 $2,000,000.002015 2016 2017 2018 2019 Average FY15‐19Wastewater Impact Fee Revenues   CAPITAL PLAN SUMMARY The next major project for the plan is WWIF 20 the North Frontage Road interceptor scheduled in FY23, which will replace the road’s interceptor between Springhill RD and Bridger Dr. Portions of the current interceptor  are  at  or  very near  capacity.  This  project  will  directly increase  collection  capacity  in  the southeast and east part of town. The same year we start work on WWIF44 the Water Reclamation Facility (WRF) Interceptor with construction done in FY24 and will expand capacity upgrading from a thirty‐inch outfall to a 48‐inch main.   Scheduled in FY24 is WWIF45 Biotrain #1 Retro Fit that will increase nutrient (total nitrogen and total phosphorous) removal treatment capacity of the WRF.  The retrofit will modify the reactor basin into a 5‐stage bardenpho reactor similar to existing Biotrains 2 & 3.  The retrofit helps the WRF maintain its current nutrient effluent performance as the city continues to grow. In other words, as our wastewater load increases with growth, we need additional bioreactor capacity to maintain current nutrient effluent performance.  A significant amount of borrowing has been incurred for Projects WWIF24, WWIF11, WWIF20, WWIF22 and WWIF38.  Due to the uncertainty of the revenue stream, the Wastewater Utility will need to borrow via revenue bonds and be reimbursed by the Water Impact Fee Fund.  There may be rate‐requirements to support this borrowing, which were included in the most recent Wastewater Rate Study.  The estimated borrowing it outlined in the table below:  The projects highlighted above aid in our efforts towards the Strategic Plan 4.3 b Increase Capacity of Sewer Pipes to Accommodate Development Projects. Debt‐ Description FY2021 FY2022 FY2023 FY2024 FY2025Davis Lane Lift Station Debt Service (WWIF24)                194,926                 389,851                 389,851                 389,851                389,851 Front Street Interceptor Debt Service (WWIF11) ‐                                       140,161                 140,161                 140,161                 140,161 Norton East Rach Outfall Diversion (WWIF38) ‐                                       349,521                 349,521                 349,521                 349,521 N. Frontage  Street Interceptor Debt Service  ‐                        ‐                        ‐                                       188,204                 188,204 Davis‐Fowler Interceptor (WWIF22) ‐                        ‐                        ‐                                          84,020                   84,020 Total Estimated Debt Service Payment  $            194,926   $            879,533   $            879,533   $        1,151,757   $        1,151,757 Estimated Debt Schedule  Project NameYear Description  Amount Total Project #N FRONTAGE RD INTERCEPTOR                          5,290,000      DESCRIPTION:                                      ‐                  THIS PROJECT WILL REPLACE OR PARALLEL 11,500' OF   ‐                  THE NORTH FRONTAGE ROAD INTERCEPTOR BETWEEN        ‐                  SPRINGHILL RD AND BRIDGER DR. PORTIONS OF THE      ‐                  INTERCEPTOR ARE AT OR VERY NEAR CAPACITY AND UNLES ‐                  IMPROVEMENTS ARE MADE IT WILL BE AT OR OVER        ‐                  CAPACITY WHEN THE TRIBUTARY OBLIGATED AREAS ARE    ‐                  DEVELOPED. THIS PROJECT WILL DIRECTLY INCREASE     ‐                  COLLECTION CAPACITY IN THE SOUTHEAST AND EAST PART ‐                  OF TOWN WITHIN THE COMMUNITY PLAN BOUNDARY AS      ‐                  WELL AS THE EAST PART OF TOWN WILL BE TRIBUTARY TO ‐                  THIS NORTH FRONTAGE ROAD INTERCEPTOR. THERE ARE    ‐                  POTENTIALLY A GREAT NUMBER OF PRIVATE              ‐                  DEVELOPMENT PROJECTS WHICH WILL NOT BE ABLE TO     ‐                  PROCEED DUE TO THE LACK OF WASTEWATER COLLECTION   ‐                  CAPACITY. THIS PROJECT WILL CONFORM TO THE CITY'S  ‐                  WASTEWATER MASTER PLAN.    ‐                  ALTERNATIVES CONSIDERED:                          ‐                  LIMIT FUTURE DEVELOPMENT IN THE AREA.              ‐                  ADVANTAGES OF APPROVAL:                           ‐                  IF CONSTRUCTED TO THE LINE SIZES MASTER PLANNED    ‐                  IN THE CITY S WASTEWATER FACILITIES PLAN,          ‐                  CAPACITY WILL BE PROVIDED FOR FUTURE GROWTH        ‐                  TRIBUTARY TO THIS MAIN.                            ‐                  ADD OPERATING COSTS:                              ‐                  IMPACT FEES CAN NOT FUND OPERATING AND MAINTENANCE ‐                  COSTS.  THE CITY S WASTEWATER UTILITY WILL PAY FOR ‐                  HESE COSTS, WHICH ARE ESTIMATED TO BE A SMALL      ‐                  INCREMENT OF THE CITY S SYSTEM AS A WHOLE.         ‐                  DECREASE:                                         (2,490,000)    CHANGING THIS PROJECT TO BE DONE IN PHASES AS IT   ‐                  IS PROPOSED IN THE MASTER PLAN   ‐                  NORTH FRONTAGE ROAD INTERCEPTOR       20232,800,000     WWIF20 Project NameYear Description  Amount Total Project #DAVIS‐FOWLER INTERCEPTOR ‐ CONSTRUCTION       1,250,000      DESCRIPTION:                                      ‐                  THIS PROJECT WILL REPLACE OR PARALLEL 2700' OF THE ‐                  DAVIS‐FOWLER INTERCEPTOR BETWEEN DURSTON AND       ‐                  OAK. THE INTERCEPTOR BETWEEN DURSTON RD AND W      ‐                  OAK WILL EVENTUALLY EXCEED CAPACITY AS THE BAXTER  ‐                  CREEK DRAINAGE BASIN DEVELOPS. IN ORDER TO CONVEY  ‐                  THE ULTIMATE BUILD‐OUT FLOW, THE INTERCEPTOR WILL  ‐                  NEED TO BE INCREASED FROM AN 18‐INCH DIAMETER TO   ‐                  A 24‐INCH DIAMETER PIPE.                           ‐                  ALTERNAITVES CONSIDERED:                          ‐                  LIMIT FUTURE DEVELOPMENT IN THE AREA.              ‐                  ADVANTAGES OF APPROVAL:                            ‐                  IF CONSTRUCTED TO THE LINE SIZES MASTER PLANNED    ‐                  IN THE CITY S WASTEWATER FACILITIES PLAN,          ‐                  CAPACITY WILL BE PROVIDED FOR ANTICIPATING THE     ‐                  LONG‐TERM FUTURE GROWTH IN THIS AREA.              ‐                  ADD OPERATING COSTS:                              ‐                  WASTEWATER FUND WILL TAKE ON MAINTENANCE OF  ‐                  THE SYSTEM. ‐                  DAVIS‐FOWLER INTERCEPTOR ‐ CONSTRUCTION20231,250,000     WWIF22 (FY23) Project NameYear Description  Amount Total Project #BABCOCK SANITARY SEWER UPGRADE                    245,000         DESCRIPTION: ORIGINALLY SCHEDULED FY20                                         ‐                  TO ACCOMMODATE FLOWS FROM PHASE 2 OF THE ICON      ‐                  APARTMENTS PROJECT, FERGUSON FARM, AND LUPINE      ‐                  VILLAGE AS WELL AS FUTURE IN‐FILL DEVELOPMENT, THE ‐                  EXISTING 10‐INCH SANITARY SEWER MAIN IN W.         ‐                  BABCOCK MUST BE UPGRADED TO A 15‐INCH SANITARY     ‐                  SEWER MAIN FROM MANHOLE L0408 AT THE               ‐                  INTERSECTION OF RESORT DRIVE AND BABCOCK TO L0412  ‐                  AT THE INTERSECTION OF BABCOCK AND COTTONWOOD.     ‐                  ALTERNATIVES CONSIDERED:                          ‐                  DO NOTHING                                         ‐                  ADVANTAGES OF APPROVAL:                           ‐                  ALLOWS INFILL DEVELOPMENT TO PROCEED AS THIS       ‐                  SANITARY SEWER MAIN WILL BE AT CAPACITY AFTER      ‐                  DEVELOPMENT OF PHASE I OF ICON APARTMENTS          ‐                  AND VARIOUS SITE PLAN APPLICATIONS AT FERGUSON     ‐                  FARMS.                                             ‐                  ADD OPERATING COSTS:                              ‐                  MINIMAL AS THIS WILL BE A CAPACITY UPGRADE OF AN   ‐                  EXISTING SANITARY SEWER MAIN.                      ‐                  BABCOCK SANITARY SEWER UPGRADE     UNSCHEDULED245,000         WWIF35 Project NameYear Description  Amount Total Project #WRF INTERCEPTOR                                    50,000           DESCRIPTION:                                      ‐                  REPLACE OR PARALLEL 1200 FEET OF SEWER FROM I‐90   ‐                  TO THE WRF. UPGRADE 30" OUTFALL TO 48" MAIN.       ‐                  WRF INTERCEPTOR                                   500,000         DESCRIPTION:                                      ‐                  REPLACE OR PARALLEL 1200 FEET OF SEWER FROM I‐90   ‐                  TO THE WRF. UPGRADE 30" OUTFALL TO 48" MAIN.       ‐                  DESCRIPTION:                                      300,000         THIS IS A RETROFIT TO OUR OLDEST TRAIN BIOTRAIN #1 ‐                  ADVANTAGE:                                        ‐                  THIS PROJECT WILL ALLOW FOR ADDITIONAL CAPACITY.   ‐                  ALTERNATIVES:                                     ‐                  NONE                                               ‐                  OPERATION COST:                                   ‐                  NONE                                               ‐                  DESCRIPTION:                                      2,000,000      THIS IS A RETROFIT TO OUR OLDEST TRAIN BIOTRAIN #1 ‐                  ADVANTAGE:                                        ‐                  THIS PROJECT WILL ALLOW FOR ADDITIONAL CAPACITY.   ‐                  ALTERNATIVES:                                     ‐                  NONE                                               ‐                  OPERATION COST:                                   ‐                  NONE                                               ‐                  DOWNTOWN SEWER MAIN UPGRADES                       3,000,000      DESCRIPTION:                                      ‐                  DOWNTOWN DEVELOPMENT AND USE INTENSIFICATION IS    ‐                  PLACING DEMANDS ON SEWERS THAT ARE UNDERSIZED AND  ‐                  GREATER THAN 100 YEARS OLD. UPGRADES ARE NEEDED TO ‐                  ACCOMMODATE INCREASED DENSITY DOWNTOWN.            ‐                  ALTERNATIVES CONSIDERED:                          ‐                  ADD OPERATING COSTS:                              ‐                  CHANGES FROM LAST CIP:                            ‐                  NEW ITEM                                           ‐                  WRF INTERCEPTOR           202350,000           WWIF44 (FY23)BIOTRAIN #1 RETROFIT         2022300,000         WWIF45 (FY22) WRF INTERCEPTOR           2024500,000         WWIF44 (FY24)DOWNTOWN SEWER MAIN UPGRADES        UNSCHEDULED3,000,000     WWIF46  BIOTRAIN #1 RETROFIT         20242,000,000     WWIF45 (FY24)   Project NameYear Description  Amount Total Project #WASTEWATER COLLECTION PLAN UPDATE                 125,000         DESCRIPTION:                                      ‐                  GIVEN RAPID GROWTH AND THE DESIRE FOR INCREASED    ‐                  INFILL DENSITIES UPDATE THE WASTEWATER COLLECTION  ‐                  FACILITIES PLAN. THE HYDRAULIC MODEL UPDATE IN     ‐                  FY20 WILL BE A PREREQUISITE EFFORT FOR THIS UPDATE ‐                  ALTERNATIVES CONSIDERED:                          ‐                  CONTINUE IMPLEMENTING THE RECOMMENDATIONS PROVIDED ‐                  IN THE PREVIOUS PLAN.                              ‐                  ADD OPERATING COSTS:                              ‐                  NONE                                               ‐                  CHANGES FROM LAST CIP:                            ‐                  NEW ITEM                                           ‐                  HIDDEN VALLEY LIFT STATION                         7,000,000      DESCRIPTION:                                      ‐                  DESIGN & CONSTRUCT HIDDEN VALLEY LIFT STATION &    ‐                  FORCE MAIN. THIS PROJECT WILL CONFORM TO THE       ‐                  CITY'S WASTEWATER COLLECTION FACILITIES PLAN. THE  ‐                  DAVIS LIFT STATION MUST BE UPGRADED TO             ‐                  ACCOMMODATE FLOWS FROM THE HIDDEN VALLEY LIFT      ‐                  STATION WHEN THE HIDDEN VALLEY LIFT STATION IS     ‐                  CONSTRUCTED.                                       ‐                  ALTERNATIVES CONSIDERED:                          ‐                  LIMIT DEVELOPMENT ON THE NORTHWESTERN EDGE OF THE  ‐                  CITY DUE TO NO SANITARY SEWER AVAILABILITY.        ‐                  ADDITIONAL OPERATING COSTS:                       ‐                  OPERATING COSTS WILL BE PAID FROM THE CITY'S SEWER ‐                  ENTERPRISE FUND.                                   ‐                  WASTEWATER COLLECTION PLAN UPDATE          2021125,000         WWIF47  HIDDEN VALLEY LIFT STATION        UNSCHEDULED7,000,000     WWIF48   Project NameYear Description  Amount Total Project #WRF CAPACITY & NUTRIENT UPGRADES                   10,000,000   DESCRIPTION:                                      ‐                  DUE TO GROWTH ON OUR SYSTEM, WE WILL NEED TO       ‐                  EXPAND THE CAPACITY OF THE WRF.                    ‐                  THE MONTANA DEQ DISCHARGE PERMIT REQUIREMENTS      ‐                  ARE BECOMING SIGNIFICANTLY MORE STRINGENT. THIS    ‐                  UPGRADE WILL INCLUDE TECHNOLOGY UPGRADES FOR MORE  ‐                  STRINGENT PERMIT REQUIREMENTS.                     ‐                  FUNDING: $10M WWIF 630  AND $50M WW620             ‐                  COTTONWOOD SUBDIVISION SEWER OVERSIZING     400,000         DESCRIPTION:                                      ‐                  SEWER LINE NEEDS GREATER CAPACITY AND  ‐                  THIS PROJECT IS THE SUBDIVISION SEWER ‐                  OVERSIZING FOR CAPACITY ‐                  WRF CAPACITY & NUTRIENT UPGRADES             UNSCHEDULED10,000,000   WWIF49  COTTONWOOD SUBDIVISION SEWER OVERSIZING                 2021400,000         WWIF51