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City of San Leandro Stormwater Fee Report Final Report 2. Stormwater Funding Needs HF&H Consultants, LLC Page 5 March 12, 2024 2. STORMWATER FUNDING NEEDS The 2023 SDMP identified a Capital Improvement Plan (CIP) totaling $79,590,000 worth of capital improvements and repairs and $1,967,000 in on-going operations and maintenance costs. The on-going operations and maintenance costs include a $107,000 annual payment to repay the General Fund3 for the cumulative stormwater fund shortfalls through FY 2022-23. The City’s General Fund has been covering the stormwater fund shortfalls in years in which the stormwater expenses exceeded the annual revenue collected by the current Fee. Table 1 summarizes the funding needs and provides a breakdown of capital projects by priority. Table 1. Summary of Capital and Operations and Maintenance Costs 3 Annual repayment to the General Fund reflects the cumulative shortfall of $2.5 million paid back over a term of 30 years, with an annual interest rate of 1.75% (which reflects the historical average annual return on investment of the City’s reserves) Priority Description Estimated Cost Capital Improvement Projects Very High Mitigate the most frequent, recurring flooding issues and the most sever system deficienies with the greatest impact to properties. Includes installation of 177 small and 6 large trash capture devices to meet MRP requiprements by June 2025 $8,240,000 High Mitigate areas of frequent, but less damaing flooding areas where extensive deficiencies are identified in the SDMP model.$24,010,000 Medium Mitigate areas where moderate and/or isolated capacity deficiency is identified by the SDMP model or known to occur.$24,590,000 Low Mitiate isolated capacity deficiencies identified the the SMDP model that have the least potenteial impact on properties, or areas where the benefit of City projects is limited by the capacity of ACFCD facilities. Includes a $10,000,000 cost for a new pump station on Neptune Ave.$22,750,000 Subtotal - Capital Projects $79,590,000 Annual Operating and Maintenance Costs Trash Capture Devices Mainteance $200,000 Compliance $540,000 Street Cleaning $780,000 Pipe Cleaning $100,000 Green Infrastructure $100,000 General Fund Repayment $107,000 Other Operations & Maintenance $140,000 Subtotal - Operations & Maintenance $1,967,000