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CC 2020-06-09_10a Central Coast Blue Cost Sharing MOA_PPCentral Coast Blue Updated Cost Sharing MOA Arroyo Grande City Council - June 9, 2020 1 Presentation Overview Overview of MOA Financial Information Funding/Financing Update 2 Cost Sharing MOA 3 Cost and benefit sharing framework Participating and Contributing Agencies identification Framework for managing groundwater pumping w/ and w/o the Project Pre-Construction, Construction and O&M cost sharing percentages definition Structure for future Buy-in Costs and use of Grant Funding Outline for potential future Cost Sharing Modifications Key MOA Terms Original MOA Terms 4 City Council Input Modifications Inclusion of Opt-out clauses Direct reference to 2002 Management Agreement Update Updated Water Purveyor Cost Sharing Percentages Increased specificity regarding Replacement Water Cost Addresses legal cost sharing Clarification regarding use of grant funds Addresses potential future outfall diversion requirements Updated MOA Term Sheet 5 Financial information 6 Modified Cost Share based on Water Demand 5% currently unsubscribed Unsubscribed percentage to be shared evenly until: Additional project partners are identified; Or cost share percentages are re-adjusted Updated Cost Share Percentages 7 Pismo Beach led initial project efforts Anticipated Arroyo Grande and Grover Beach will contribute higher percentages until contributions match cost share percentages 50% Arroyo Grande; 50% Grover Beach, if funding is available Reconciliation of Costs Spent To Date 8 Funding/Financing Update 9 Prop 1 Groundwater Grant Program Round 1 Planning Grant (awarded $2M) Aerial Geophysics survey Test Injection Design Round 3 Implementation Funding (50% of Capital Costs) Applications in Winter 2020/21 Cost Sharing Agreements, Permitting and CEQA tasks critical to position for funding Funding/Financing Update 10 USBR Title 16 Grant Funding (25% of total Project Costs) Project Award $800k 2020 FY FOA anticipated in Summer 2020, if released Potent Infrastructure Stimulus Bill State Revolving Funding (Low Interest Financing) Targeting Certified EIR and complete application package by end of 2020 Funding/Financing Update Salud is vice-chair of Infrastructure Committee Funnel through existing programs 11 Program Schedule Certified EIR & CWSRF Application Round 3 Prop 1 GWGP Application FY 2021 Title XVI FOA 12 Grover Beach City Council MOA Framework Approved – June 1st, 2020 Pismo Beach City Council MOA Framework Approved – June 2nd, 2020 Arroyo Grande City Council MOA Special Presentation – June 9th, 2020 MOA Framework Approval – June 23rd, 2020 Finalize MOA – June/July 2020 Related initiatives: Update 2002 NCMA Management Agreement - Summer 2020 MOA Next Steps 13 14 Approximately 1.5 acres unpaved storage yard Located at southern end of Huber and Barca St. APN 060-543-016 Offsite ATF Location Assumptions: 1. Treatment Facility includes costs for building and storage facilities sized for Phase 2. 2. Cost estimate range developed using Association for the Advancement of Cost Engineering Cost Estimate Classification (-20% to +30%) and the Advanced Treatment Facility with and without Boron Removal. 3. Annual Capital Payment assumes 5% financing over 30 years. 4. Unit cost based on a range of 1.0 to 1.44 increase in groundwater yield associated with the project, based on groundwater modeling results. 15 Current cost estimates represent the best available estimates for the onsite (SSLOCSD) Advanced Water Purification Facility alternative. Project cost estimates for Offsite ATF are currently under development Estimated Capital Costs include remaining implementation costs Estimated accuracy range of -20% to +30% based on best available information of actual costs from similar projects Overall Project Cost Estimates Assumptions: 1. Treatment Facility includes costs for building and storage facilities sized for Phase 2. 2. Cost estimate range developed using Association for the Advancement of Cost Engineering Cost Estimate Classification (-20% to +30%) and the Advanced Treatment Facility with and without Boron Removal. 3. Annual Capital Payment assumes 5% financing over 30 years. 4. Unit cost based on a range of 1.0 to 1.44 increase in groundwater yield associated with the project, based on groundwater modeling results. 16 Pre-Construction Tasks RWQCB & DDW Permitting Final Design Funding & Financing Support Prop 1 GWGP Title XVI CWSRF Program Management Anticipated Remaining Pre-Construction Costs 1Includes usage of $800k in previously awarded Title XVI Grant to reduce costs in FY 2020/21 2Contributions may be higher to equalize cost spent to date w/ cost share percentages 17 Environmental Impact Report Jan Feb Q1 Mar Apr May Q2 Jun Jul Aug Q3 Sep Oct Now Q4 Dec 2020 2021 Jan Notice of Preparation Admin Draft Public Draft Final EIR, NOD & MMRP Public Hearings Public Scoping Meeting Updated EIR Transition Planning Commission & City Council Meetings Critical Milestone for funding 18 Offsite ATF Location 19