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WPCP Rehabilitation Project 2 November I, 2010 Analysis As part of the ongoing SWRCB loan application process, the City is required to provide a statement of commitment to reimburse SRF funding received for the project. These funds, the amount of which is yet to be finalized, will be used to pay for the construction of the upgrades to the WPCP. The upgrades include the following: 1) replacing the headworks; 2) constructing an Influent Pump Station and a Primary Clarifier; and 3) improving the existing Primary Clarifiers, Primary Effluent Flow Equalization, Secondary Clarifiers, Effluent Pump Station, Digesters, and Electrical and Instrumentation Systems. Current Citv Council Policy Ensure well maintained sewer facilities. Previous Citv Council Action(s) • On April 19, 2010. by Resolution No. 2010 -042, the City Council authorized the mail out of Notice of Proposed sewer rate increase • On June 21, 2010, by Resolution No. 2010 -069, the City Council adopted wastewater discharge rates • On July 6, 2010, by Resolution No. 2010 -087, the City Council authorized the City Manager to sign and file financing agreement with the State Water Resources Control Board for the subject project • On September 20, 2010. by Resolution No. 2010 -122, the City Council authorized the City Manager to dedicate net revenue from the Wastewater Enterprise Fund to repay the State Revolving Fund loan Applicable General Plan Policy This action is consistent with the City's General Goal Policy Nos. 52.04 and 52.05. Fiscal Impact The State Revolving Fund Loan will provide up to $43 million in loan proceeds to be paid back over a period of 20 years at the rate of approximately 3% interest. Budget Authority Following an approved loan agreement with SWRCB and the City, staff will return to City Council for approval to appropriate loan funds. Tracy Vesely, Finan Director