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City of San Leandro Stormwater Fee <br />Draft Report 2. Stormwater Funding Needs <br /> <br /> <br />HF&H Consultants, LLC Page 5 February 23, 2024 <br />2. STORMWATER FUNDING NEEDS <br />The 2023 SDMP identified a Capital Improvement Plan (CIP) totaling $79,590,000 worth of capital <br />improvements and repairs and a stormwater operating budget of $1,967,000 in on-going operations and <br />maintenance costs, which includes a $107,000 annual loan repayment to the General Fund3 for the <br />current fund shortfall (from years in which the stormwater expenses exceeded the annual revenue <br />collected by the current Fee). Table 1 summarizes the funding needs and provides a breakdown of capital <br />projects by priority. <br /> <br />Table 1. Summary of Capital and Operations and Maintenance Costs <br /> <br /> <br />3 Annual repayment to the General Fund reflects the cumulative shortfall of $2.5 million paid back over a term of 30 <br />years, with an annual interest rate of 1.75% (which reflects the historical average annual return on investment of <br />the City’s reserves) <br />Priority Description Estimated Cost <br />Capital Improvement Projects <br />Very High Mitigate the most frequent, recurring flooding <br />issues and the most sever system deficienies with <br />the greatest impact to properties. Includes <br />installation of 177 small and 6 large trash capture <br />devices to meet MRP requiprements by June 2025 $8,240,000 <br />High Mitigate areas of frequent, but less damaing <br />flooding areas where extensive deficiencies are <br />identified in the SDMP model.$24,010,000 <br />Medium Mitigate areas where moderate and/or isolated <br />capacity deficiency is identified by the SDMP model <br />or known to occur.$24,590,000 <br />Low Mitiate isolated capacity deficiencies identified the <br />the SMDP model that have the least potenteial <br />impact on properties, or areas where the benefit of <br />City projects is limited by the capacity of ACFCD <br />facilities. Includes a $10,000,000 cost for a new <br />pump station on Neptune Ave.$22,750,000 <br />Subtotal - Capital Projects $79,590,000 <br />Annual Operating and Maintenance Costs <br />Trash Capture Devices Mainteance $200,000 <br />Compliance $540,000 <br />Street Cleaning $780,000 <br />Pipe Cleaning $100,000 <br />Green Infrastructure $100,000 <br />General Fund Repayment $107,000 <br />Other Operations & Maintenance $140,000 <br />Subtotal - Operations & Maintenance $1,967,000