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HomeMy WebLinkAbout08/01/2024 - Water Commission - AGENDA - Work Session WATER COMMISSION WORK SESSION AGENDA August 1, 2024, 5:30 – 7:30 p.m. Online via Zoom and in person at 222 Laporte Ave, Colorado River Room 08/01/2024 Agenda Page 1    The Water Commission advises City Council regarding water, wastewater, and stormwater policy issues such as water rights, planning, acquisition and management, conservation and public education, floodplain regulations, storm drainage, and development criteria. Read more at https://www.fcgov.com/cityclerk/boards/water. This hybrid Water Commission meeting is available online via Zoom, phone, or in person in the Colorado River Room of 222 Laporte Ave. You may join the meeting beginning at 5:00 p.m. Participants should join at least 15 minutes prior to the 5:30 p.m. start time. ONLINE PUBLIC PARTICIPATION: You will need an internet connection on a laptop, computer, or smartphone, and may join the meeting through Zoom at https://fcgov.zoom.us/j/99316535721 Webinar ID: 993 1653 5721 (Using earphones with a microphone will greatly improve your audio). Keep yourself on muted status. For public comments, the Chairperson will ask participants to click the “Raise Hand” button to indicate you would like to speak at that time. Staff will moderate the Zoom session to ensure all participants have an opportunity to comment. PUBLIC PARTICIPATION BY PHONE: Please dial +1 720 928 9299 and enter Webinar ID: 993 1653 5721. Keep yourself on muted status. For public comments, when the Chairperson asks participants to click the “Raise Hand” button if they wish to speak, phone participants will need to press *9 to do this. Staff will be moderating the Zoom session to ensure all participants have an opportunity to address the Water Commission. When you are called, press *6 to unmute yourself. PUBLIC PARTICIPATION IN PERSON: To participate in person, individuals should come to the Colorado River Room of 222 Laporte Ave. There may be needs to limit the number of individuals in the meeting room, and thus staging for individuals to speak may need to occur in the lobby or outside (weather permitting). Individuals who wish to speak will line up along the northern wall, maintaining physical distancing. The chairperson will call upon each participant to speak. (Continued on next page) WATER COMMISSION WORK SESSION AGENDA August 1, 2024, 5:30 – 7:30 p.m. Online via Zoom and in person at 222 Laporte Ave, Colorado River Room 08/01/2024 Agenda Page 2 1. CALL TO ORDER (5:30) 2. AGENDA REVIEW 3. COMMUNITY PARTICIPATION (3 minutes per individual) 4. NEW BUSINESS a. Discussion Items i. Water Supply Requirement (WSR) and Excess Water Use Fee Increase (50 minutes) Jen Dial, Manager, Water Resources Staff will present to build a shared understanding of the history and purpose of Water Supply Requirement (WSR) fees and pre-1984 non-residential water allotments. This presentation will share the analysis of potential methodologies for WSR fees and assigning pre-1984 non-residential water allotments, as well as customer engagement opportunities planned for 2024, including a timeline and identification of impacted parties. ii. Halligan Water Supply Project Update (30 minutes) Darren Parkin, Project Manager, Halligan Project Staff will present on the progress of the Halligan Project, starting with some of the history and purpose of the project, and then delving into current efforts, cost estimates, project impacts and benefits, and other details such as Documents to Share: Any document or presentation a member of the public wishes to provide to the Water Commission for its consideration must be emailed to JSong@fcgov.com at least 24 hours before the meeting. Provide Comments via Email: Individuals who are uncomfortable or unable to access the Zoom platform or participate by phone are encouraged to participate by emailing comments to the above email address at least 24 hours prior to the meeting. If your comments are specific to any of the discussion items on the agenda, please indicate that in the subject line of your email. Staff will ensure your comments are provided to the Water Commission. WATER COMMISSION WORK SESSION AGENDA August 1, 2024, 5:30 – 7:30 p.m. Online via Zoom and in person at 222 Laporte Ave, Colorado River Room 08/01/2024 Agenda Page 3 permitting and other developments along the timeline of the project. 5. ANNOUNCEMENTS 6. ADJOURNMENT (7:30) Utilities 700 Wood St. PO Box 580, Fort Collins, CO 80522 970-212-2900 utilities@fcgov.com AGENDA ITEM SUMMARY Date: July 25, 2024 To: Water Commission Through: Jill Oropeza, Utilities Interim One Water Director From: Jen Dial, Water Resources Manager Subject: Water Supply Requirements, Excess Water Use Surcharges, and Pre-1984 Non- Residential Water Allotments. BOTTOM LINE The purpose of this item is to provide Water Commission with information on proposed changes to the following three related items for Fort Collins Utilities (Utilities) water customers:  Revisions to the Water Supply Requirement (WSR) fee methodology  Revisions to the excess water use surcharge (surcharge)  Assignment of annual water allotments (allotments) for non-residential customers, specifically, pre-1984 non-residential accounts that currently do not have allotments Questions for Water Commission to consider are: 1. What general questions do you have about the proposed methodologies? 2. How might you or the community you represent be impacted by these changes? 3. What other input do you have? RECOMMENDED WATER COMMISSION ACTION A letter of support for the recommended methodologies for the WSR fee and assigning of allotment to provide to Council. BACKGROUND/DISCUSSION Utilities has been proactive in securing and developing a high-quality, reliable water supply system since the late 1800s and has implemented policies to ensure the water supply system will support existing and future water customers through the 2065 planning horizon. These efforts continue in support of City Council’s priority to Protect Community Water Systems in an Integrated Way to Ensure Resilient Water Resources and Healthy Watersheds. Financial mechanisms to help achieve this priority include:  A WSR fee: A one-time development fee required for each new water service  Allotments: Assigned to non-residential, including irrigation-only, accounts based on their WSR Water Commission Aug. 1, 2024 Page 2 of 8  Surcharges: Monthly charges for non-residential customers who exceed their allotment during a 12-month period Over the past several years, the cost to develop Utilities’ water supply has increased due to water scarcity, driven by climate change impacts such as drought and higher regional water demands and competition. Infrastructure costs have increased as well due primarily to inflation which contributes to the overall WSR development costs. This prompted staff to reevaluate the WSR fee and methodology, which was last evaluated in 2022 and set at $68,200 per acre-foot (AF). In August 2023, staff presented a revised WSR fee methodology to City Council and a proposed fee and surcharge increase. Following that work session, Council feedback included a desire to see additional WSR options. Staff evaluated additional methodologies and presented these to Council on April 9 and July 9, 2024 with the recommendation for a hybrid, cost-based approach (discussed further below). Council generally supported this approach. The surcharge amount is determined by the WSR fee and non-residential customers with allotments are affected by higher surcharges if the fee increases. Of the approximately 3,000 non- residential water taps, about 1,000 of those water taps were purchased before 1984, when allotments were established, and therefore do not have an allotment. These accounts are subject to the regular water rate structure; however, the surcharge does not apply to them. At the April 9 work session, staff recommended assigning allotments to the 1,000 non-residential accounts. Staff presented several methodologies with the recommendation for a hybrid approach. WSR: Methodologies, Impacts, Communication and Engagement Methodologies According to the American Water Works Association’s ‘Seventh Edition of Water Rates, Fees, and Charges’, there are three basic methodologies for calculating a WSR fee. They are based on a water provider’s water rights portfolio, infrastructure, and the ability of the current water supply system to serve existing versus future customers. These methods include:  Full Buy-In Method: Values the entire existing water supply system, which is expected to service all current and future customers’ water value. Future customers would then buy into the entire current system (total value of system/total yield).  Incremental Method: Based on the cost to expand the water supply system to serve future customers. This fee only reflects the cost of buying water rights and paying for infrastructure needed to support future customers.  Hybrid Method: Includes a buy-in component that is the portion of the current water supply system, and an incremental portion that is the portion of the system that has not been purchased or built yet. It acknowledges that future customers will use both current and future water supply systems and thus reflects the percentage of the total cost of the current and future system that will serve those customers. Utilities has been using a hybrid approach since 2018 and recommends continuing with this approach. Utilities owns water rights that new customers will rely on, reflecting a “buy-in” portion of costs. Utilities also needs to build new infrastructure (primarily storage in Halligan Reservoir) and purchase additional water rights, reflecting an “incremental” portion of costs that will provide the water supply needed to meet demands through build out in 2065. The buy-in portion of the WSR fee can be valued with a market-based approach or a cost-based approach. The current methodology uses a market-based approach. The market-based approach Water Commission Aug. 1, 2024 Page 3 of 8 uses the current market value for the existing water rights portfolio based on recent transactions of water rights. The cost-based approach uses the original purchase price of the water rights escalated by the Consumer Price Index to reflect their value in today’s dollars. The cost-based approach results in a lower WSR fee than the market-based approach because Utilities’ water supplies were generally acquired long ago before recent and significant water rights cost increases. The incremental portion of the fee uses the market-based approach to value the water rights that need to be purchased and the future infrastructure that needs to be constructed. Other factors that can be reflected in the WSR fee include a 30% contingency factor and a 20% safety factor which are both included in the current methodology. The contingency factor represents uncertainties in the cost of future water rights and infrastructure. It is not applied to the buy-in portion of the WSR fee. The safety factor represents uncertainties in future water supply and demand needs such as potential impacts of climate change and type or rate of development and redevelopment. It is applied to the entire WSR fee. Staff evaluated WSR fees using the current hybrid methodology with different approaches of valuing the “buy-in” component using market values or cost-based values and the inclusion and omission of a safety factor. Staff deemed the safety factor necessary. At the July 9 work session staff presented the following options: Staff recommended the cost-based, 30% contingency, 20% safety factor method, which results in a fee of $63,800 per AF. That amount is $4,400 per AF less than the current fee of $68,200 per AF. Council was generally supportive of this methodology moving forward. Impacts Future Development/Redevelopment All water service providers in the region require some form of WSR for development or redevelopment. The methodologies used and the required water dedications differ making comparisons challenging. For most water providers, the cost required from developers depends on: 1. The fee per AF of water ($/AF) 2. The amount of water required (AF) Where, Total cost = $ per AF of water x the amount of water required (AF) Utilities currently has a higher fee per AF compared to other water providers in the region. However, the amount of water required for dedication for different developments is sometimes less. Water Commission Aug. 1, 2024 Page 4 of 8 For example, applying the proposed WSR fee to the amount of water required for a multi-family development would cost $272,400 in Utilities’ service area compared to East Larimer County Water District at $670,900 and Fort Collins-Loveland Water District at $1,228,200 (see table below): On the other hand, Utilities would require a median cost for an office building and higher costs for a typical restaurant compared to other water providers. Utilities bases its requirements on analyses of actual use whereas other providers use different methodologies (like a tap credit, peak water use, differing time range of historical use, etc.). Existing Customers: Rates vs. Fees Monthly water rates and development fees are the two main sources of water fund revenue. Water development fees can be further broken down into: 1) WSR fee: One-time fee geared toward acquisition of future water rights and construction of storage and water supply infrastructure projects. 2) Plant investment fee: One-time fee geared toward recovery of the water treatment plant and distribution system. A significant portion of water fund revenue is collected from monthly utility rates, equating to roughly 95% of total revenue each year on average. The remaining 5% comes from development fees and surcharges, although there are variations in this ratio, and fluctuations are tied to development (or redevelopment) projects that occur in Utilities’ service area. Routine updates to the WSR fee, as well as the excess water use surcharge, will help Utilities keep up with increasing costs and provide a recovery mechanism for both current and future source of supply and water storage projects. The methodology being considered to calculate the WSR fee will have an impact to existing customers, both now and into the future, as revenue from these fees are dependent on rate and type of development year to year. Water Commission Aug. 1, 2024 Page 5 of 8 Because Utilities is a municipal-owned, cost-of-service utility provider, there is an inverse relationship between rates and fees. In general, the lower the WSR fee, the more it will impact customer rates. The higher the fee, the less it will impact rates. The WSR fee also impacts the source of funding for projects like the Halligan Water Supply Project (Halligan). The impact to customer rates strongly correlates to the amount of development that occurs. The City’s Planning Department has two projections for the type of development and associated growth we can expect, which results in an additional water dedication of either 1,024 or 2,000 AF over the next 40 years. If the recommended WSR fee of $63,800 is implemented, it is projected that Utilities will collect roughly $4.5 million less in development fee revenue by 2065 compared to requiring the current fee of $68,200 per AF. This is a decrease of 6.5% in development fees, which would require roughly a half-percent increase in customer rates to recoup the difference. On average, staff expect development to pay Utilities for roughly 25 acre-feet of water in cash for development each year over the long term. In recent years, though, this amount has been much less, which also drives higher short-term needs to increase rates to stabilize revenue and increase debt capacity for projects such as Halligan. Currently, Utilities estimates a 7-10% increase in water rates each year over the next 10 years based on the current fee and average revenue from WSR and surcharges over the past five years. Assigning New Allotments to Pre-1984 Non-residential Customers As noted above, staff recommends assigning allotments to pre-1984 non-residential customers that do not have one. This will:  Provide consistency across non-residential customers.  Increase fairness by requiring all customers to manage water efficiently and be subject to a surcharge.  Address these assignments now rather than in the future when WSR and surcharges could be greater and more challenging for customers to manage. If Utilities does not assign allotments to those customers, and surcharges increase, the gap between those with allotments and those without will grow.  Promote water conservation by assigning appropriate allotments and tailoring water efficiency programs to customers who exceed. Important considerations:  Staff recommends that when customers receive a new allotment, they would not owe a WSR fee.  Customers will need time to understand their allotment, how they use water, and how to budget water use within their allotment.  This does not re-evaluate existing allotments. Methodologies and Impacts After evaluating a variety of methods for assigning allotments (summarized below), staff recommended the hybrid approach. Pros and cons from the evaluation are listed below. Water Commission Aug. 1, 2024 Page 6 of 8 1) Hybrid a. Assigns an allotment based either the tap size or average annual consumption, whichever is greater. b. Could assign a higher allotment than needed making it difficult to address or identify inefficiencies in water use. c. Lowest impact to pre-1984 customers. d. 50-75 accounts would have exceeded their allotment in each of the last five years e. Inconsistent with historic and current code. 2) Tap Size a. Assigns allotment based on meter size (method used to assign allotments from 1984- 2022). b. Some customers would receive a disproportionate allotment subjecting them to surcharges. c. 80-100 accounts would have exceeded their allotment in each of the last five years d. Consistent with previous code. 3) Average Annual Consumption a. Assigns an allotment based on average historical water use per tap (five, seven, or 10 years). b. Reflects actual water use but doesn’t always reflect or identify inefficiencies in use. c. Lower impact from surcharges. Unless there’s significant growth or changes in business use and function, annual consumption is expected to be around the allotment. d. 400-560 accounts would have exceeded at least once in the last five years” e. Inconsistent with current and historical codes. 4) Business Type a. Allotments are assigned based on the specific use (e.g., number of rooms in a hotel, square footage of a restaurant, outdoor water demands based on landscape details). b. More accurate but cannot evaluate the potential impacts to customers without collecting the data necessary to assign the allotment. c. Consistent with current code, but inconsistent with majority of existing allotments (only approximately 44 accounts have been assigned this way since 2022). The table below illustrates the impacts to customers had the account had the allotment volume proposed by the hybrid method. Water Commission Aug. 1, 2024 Page 7 of 8 The accounts most likely to be impacted are those with variable use due to factors such as weather, patronage and unique use. Irrigation-only, including City Parks, taps serving multiple tenants (e.g. strip malls), and restaurants are uses that may experience greater impacts. Additionally, there are some unique account types including City Parks, large water use accounts, and some HOAs that may experience greater impacts and require more in-depth analysis and customer outreach. CITY FINANCIAL IMPACTS Annual revenue from development fees is directly tied to development and redevelopment within Utilities’ water service area, which can vary greatly from year to year. Any changes to the WSR fee will impact the amount recovered for source of supply and storage projects in both the near term and long term. A change in the WSR is also directly tied to the amount collected in surcharges, and as customers exceed their annual allotment, helps ensure recovery for undersized WSR amounts received at time of development. For those pre-1984 accounts, roughly 5-7% of those accounts may exceed their allotments in any given year. Using current EWU rates, this could result in additional surcharge collection up to $250,000 annually. PUBLIC OUTREACH Utilities reached out to customers and community members who could potentially be impacted by these decisions, including developers, community groups, Boards and Commissions, existing customers, and non-residential customers who would be assigned an allotment. In general, the feedback received has been positive or neutral, with most groups interested in better understanding their specific situation. Tactics for outreach included:  Our City engagement website  Direct email and mail  Webinar for potential new allotment customers  Internal staff lunch and learn  Dedicated office hours appointments by request  NEXT STEPS Water Commission Aug. 1, 2024 Page 8 of 8 Staff will bring an ordinance for City Council first reading for the implementation of a hybrid, cost-based method for calculating the WSR fee and assigning allotments using the hybrid method in October. Headline Copy Goes Here Water Resources Manager Jen Dial Water Supply Requirements and Pre-1984 Non-Residential Water Allotments Aug. 1, 2024 Headline Copy Goes HerePurpose 1. Build shared understanding of the history and purpose of Water Supply Requirement (WSR) fees and pre-1984 non-residential water allotments. 2. Share staff analysis of potential methodologies for WSR fees and assigning pre-1984 non-residential water allotments. 3. Share customer engagement for 2024, including a timeline and identification of impacted parties. 4. Answer questions and seek feedback. 2 Headline Copy Goes HereQuestions for Water Commission 1. What general questions do you have? 2. How might you or the community you represent be impacted by these changes? 3. What other input do you have? 3 Headline Copy Goes HerePurpose: WSR and Water Allotments A form of WSR and water allotments has been in place since the mid-1960s. The purpose is to: • Ensure secure water sources and protect the watershed • Provide a financial mechanism to ensure current and future assets are adequate to meet community water supply and service needs • Balance current needs and supply and future potential needs and acquisitions 4 Headline Copy Goes Here Utilities Water Service Area Fort Collins Area Water Districts Map ~36,000 water taps (32,000 customers) ~3,000 are commercial (1,900 customers) GMA Major Streets City Limits Railroad ELCO Water District Fort Collins-Loveland Water District Fort Collins Utilities (Water) Sunset Water District West Fort Collins Water District Water Districts 5 Headline Copy Goes HereTimeline April 9 Work Session April/May Aug./Sept.2025Oct./Nov.June/July ImplementationContinue Engagement First and Second Reading Regular Meetings Initiate Engagement Economic Advisory Board Fort Collins Area Chamber of Commerce July 9 Work Session Boards and Commissions, Affordable Housing Focus Group Wrap Up Engagement Headline Copy Goes HereWater Supply Requirements, Water Allotments, and Surcharges Water Supply Requirement Fee paid by new development and some redevelopment to ensure adequate water dedication to serve. Assessed during development and redevelopment Water Allotment A volume of water dedicated to a non-residential user. Two-thirds of non- residential accounts have assigned allotments. Based on WSR Excess Water Use Surcharge A charge assessed to non-residential accounts with allotments when they exceed their allotment. Based on Allotment 7 Headline Copy Goes HereWSR Methodology • All regional water service providers have a version of a WSR development fee • Total fee varies based on water rights portfolio, infrastructure and ability to support existing and future customers to meet community values • Water scarcity and demand drive the cost of acquiring new water and impacts the value of our water rights portfolio 8 Headline Copy Goes HereWater Fund Water Utility Rates Rates paid by existing customers make up approximately 95% of the water fund revenue. Development/Redevelopment Fees New development and redevelopment within the water service area make up approximately 5%. Headline Copy Goes HereWater Rates and Fees WSR Commercial Developers Residential Developers Excess Water Use surcharges Non-residential customers with annual water allotments Plant Investment Fees Commercial Developers Residential Developers Rates Residential Commercial Headline Copy Goes Here WSR Pricing Methodologies Headline Copy Goes HereOverview of Methodologies Full Buy-In • Value of the entire existing water supply system which is expected to serve all existing and future customers • Future customers buy in to the entire current system (total value of system/total yield) Incremental • Cost to expand the water supply system to serve future customers • Only reflects the cost of future water rights and infrastructure Hybrid • Includes a “buy-in” component for the current water supply system and an “incremental” component for the future water system needs that have not yet been purchased or built • Acknowledges future customers will use portions of the current and future water supply systems 12 Headline Copy Goes HereWSR Historical Methodology › Recommending $63,800/AF using hybrid, cost-based methodology 2002-2017 › 2018: $17,300/AF using hybrid method with market-based costing › 2020: $21,500/AF, updated costing › 2021: $22,145/AF, added 3% inflationary increase 2018-2021 ›$68,200/AF, same methodology with updated yields, 20% safety factor, 30% contingency 2022-current ›$6,500/acre-feet (AF), based on Colorado Big-Thompson (CBT) prices October 2024 13 Headline Copy Goes HereCurrent Methodology Overview HYBRID Buy-in Existing water rights Incremental Future water rights and infrastructure Total cost to increase reliability of water supply Note: Future water supplies do not provide adequate reliability without existing portfolio 14 Headline Copy Goes HereWater Supply Requirement Fee WSR = Existing Water + Future Water rights & Infrastructure Can determine past purchase prices and costs. Options on how to value: • Market price in today’s dollars • Cost of what was paid plus CPI • Safety factor Buy-In Existing Water Rights Incremental Future Water Rights and Infrastructure Requires modeling and predicting costs of future water supply needs. Cost considerations: • Market-based • Contingency • Safety factor 15 Headline Copy Goes HereHybrid Method Pricing Options *Contingency: Captures uncertainties in future costs **Safety factor: Captures uncertainties in future demand and supplies (e.g., climate change, development types, etc.) 16 ConsiderationsCostMethod • Increased by Consumer Price Index over time • Added infrastructure to buy-in component • Higher rate impact to existing customers $63,800/AFCost-based 30% contingency* 20% safety factor** • Current approach with updated costs • Higher impact to developers • Lower rate impact to existing customers $110,700/AFMarket-based 30% contingency* 20% safety factor** Headline Copy Goes HereMulti-Family Total Water Supply Requirement (Indoor & Outdoor) 2024 Multi-Family 100 bedrooms, 64 dwelling units, 30,504 sq. ft. lot area, 5,535 sq. ft. irrigated area CostWater Fee ($/AF) Dedication Amount (AF)Provider $1,228,200$120,00010.24Ft. Collins Loveland $670,900$60,600**11.07East Larimer County $503,200$47,38010.62Loveland $472,700$110,7004.27FC Utilities (MB,30%C,20%S) $375,300$51,5007.29Greeley $272,400$63,8004.27FC Utilities (CB,30%C,20%S) $278,300$40,4006.88Westminster **For larger developments, East Larimer County Water District only allows 30% of its WSR to be met with cash and the remainder must be met with acceptable water rights, thus the cash equivalent listed here is based on the market value of acceptable water rights. *MCS=Market-based, 30% contingency, 20% safety factor; CCS=Cost-based, Contingency, 20% safety factor; MC=Market-based, contingency, no safety factor; CC=Cost-based contingency, no safety factor Headline Copy Goes HereComparison to Other Providers 1.25 AF 1.25 AF 1.25 AF 1.62 AF 1.72 AF 0.70 AF 0.79 AF 1.00 AF *MCS=Market-based, 30% contingency, 20% safety factor; CCS=Cost-based, Contingency, 20% safety factor; MC=Market-based, contingency, no safety factor; CC=Cost-based contingency, no safety factor FC Utilities (CB,30%C,20%S) Westminster FC Utilities Current Greeley FC Utilities (MB,30%C,20%S) Loveland East Larimer County Ft. Collins Loveland Multi-Family (100 bedrooms, 64 dwelling units, 30,504 sq. ft. lot area, 5,535 sq. ft. irrigated area) Headline Copy Goes HereComparison to Other Providers 1.25 AF 1.25 AF 1.25 AF 1.62 AF 1.72 AF 0.70 AF 0.79 AF 1.00 AF *MCS=Market-based, 30% contingency, 20% safety factor; CCS=Cost-based, Contingency, 20% safety factor; MC=Market-based, contingency, no safety factor; CC=Cost-based contingency, no safety factor Loveland East Larimer County Ft. Collins Loveland Westminster FC Utilities (CB,30%C,20%S) Greeley FC Utilities Current FC Utilities (MB,30%C,20%S) Typical Restaurant Headline Copy Goes HereFinancial Impacts • Estimate 1,024 or 2,000 AF of water dedication remaining • 25 AF/year on average • Recently less • Proposed method at $63,800/AF • $4.5 million less revenue • 0.5% rate increase over 40 years • At current fee ($68,200) expect 7-10% rate increase from 2025-2033 assuming five-year average of revenue from WSR and surcharges • ~5% of total water fund 20 Headline Copy Goes Here *Contingency: Captures uncertainties in future costs **Safety factor: Captures uncertainties in future demand and supplies (e.g., climate change, development types, etc.) 21 ConsiderationsCostMethod • Increased by Consumer Price Index over time • Added infrastructure to buy-in component • Higher rate impact to existing customers $63,800/AFCost-based 30% contingency* 20% safety factor** • Current approach with updated costs • Higher impact to developers • Lower rate impact to existing customers $110,700/AFMarket-based 30% contingency* 20% safety factor** Summary: Hybrid Method Pricing Options Headline Copy Goes Here Methodology for Assigning Remaining Non-residential Water Allotments Headline Copy Goes HereWater Allotment Overview • Proposing to assign allotments to ~1,000 accounts that do not have one (1/3 of total) • Not proposing additional WSR costs • Allow 2025 to adjust use to avoid surcharges 1965-1984 • Required volume based on tap size • Began to assign allotments to non- residential accounts 1984 • Allotments based on business type 2022 • Required volume of water based on acre of land served • No allotments were assigned 2024 23 Headline Copy Goes HereWhy Update Now? • Consistency •Subject to same requirement for all customers • Fairness •Customers without allotments can use as much water as they desire without surcharges •Does not capture costs for water supply system use that is above what was paid for through a WSR fee •A higher WSR fee and surcharges increases the inequity between customers who are subject to surcharges and those who are not • Conservation •Programs and incentives for customers that would regularly go over their allotment 24 Headline Copy Goes HereAllotment Methodology Overview ImpactsHistoryDescriptionMethod •Lowest impact •Could assign a higher allotment than needed making it difficult to identify inefficiencies Selects the greater between average historical use and tap credit Hybrid (Tap and Avg. Use) • Could underestimate allotment resulting in potential unwarranted surcharges Most current allotments assigned with this methodology Assigns a volume based on meter size Tap Credit • Could assign a lower allotment compared to the volume received with a tap credit, undervaluing WSR • Could assign a higher allotment than customer needed making it difficult to identify water use inefficiencies Have not assigned this way Assigns a volume based on average historical water use per tap (e.g., five years) Average Historical Use • Best reflects actual water use need • Limited data to fully evaluate impacts (44 customers assigned this way) • Time-intensive process Current methodology for setting allotments Assigns based on business type and specific use (e.g., # rooms in hotel, square footage of restaurant, landscape details, etc.) Business Type Headline Copy Goes HerePotential Impact In the last five years, number of new allotment accounts with taps three inches or lower that would have: 154 (50-75 each year) Been charged an EWU surcharge 41 Exceeded allotment three or more years 6 Paid an annual surcharge more than $20,000 Total EWU surcharges collected in each of the last five years would have been $135,000 - $250,000 at the 2024 EWU rate. Headline Copy Goes HerePotential Impacts Estimated sum of EWU in max year Number of accounts paying EWU in max year Top three business types most likely impacted $169,54531Irrigation $62,47422Mixed use (strip malls) $111,50838Restaurants Headline Copy Goes HerePotential Impacts Under this methodology, most customers would not be significantly affected Courses of Action • Recommend a one-year grace period where surcharges would not be assessed. • Engage with customers one-on-one over the coming months. • Explore exception process. • Encourage conservation projects as appropriate. Considerations • Large accounts •HOAs • City Parks accounts Headline Copy Goes Here Customer Engagement Headline Copy Goes HereDesired Outcomes • Build relationships • Help customers understand their unique circumstances • Seek feedback to improve project decision • Deliver feedback to core team to incorporate into decision making Headline Copy Goes HereCommunication and Engagement Project update through email and mail •Developers and interested parties •Customers who have exceeded their allotment Notified potential new allotment customers in person, email, and mail •Included information on proposed allotment size Our City page •Questionnaire Webinar •Education for potential new allotment customers Lunch and Learn •Internal staff Ongoing •One-on-one office hours Headline Copy Goes HereFeedback We Have Heard • Minimal concerns with assigning allotments • Questions from customers to help them understand how they will be impacted by changes • Considerations for affordable housing providers Headline Copy Goes HereQuestions 1. What general questions do you have? 2. How might you or the community you represent be impacted by these changes? 3. What other input do you have? 33 Headline Copy Goes Here 34 Headline Copy Goes HereHybrid Method Pricing Options *Contingency: Captures uncertainties in future costs **Safety factor: Captures uncertainties in future demand and supplies (e.g., climate change, development types, etc.) ConsiderationsDraft CostMethod • Current approach with updated costs • Highest impact to developers $116,500/AFMarket-based 30% contingency* 20% safety factor** • Safety factor removed$97,100/AFMarket-based 30% contingency • Development costs reflect Utilities’ investment in water rights proactively (since late 1800s) <$68,200/AFCost-based, 30% contingency 20% safety factor • Safety factor removed • Lower than current fee • Highest impact to existing customers $59,900/AFCost-based 30% contingency 35 Headline Copy Goes HereBreakdown of a Bill Headline Copy Goes Here Halligan Project Manager Darren Parkin Halligan Project: Overview and Update Aug.1, 2024 Headline Copy Goes HereHalligan Water Supply Project Purpose Why? •Provide water to current and future customers •30,500 acre-feet existing firm yield, 38,400 acre-feet projected future demand •Increase reliability and resiliency of our water supply, especially in times of prolonged drought and climate change uncertainties •Gain storage to capture the water rights we own What? •Enlarge existing reservoir by building a replacement dam •Stored water would serve Utilities’ service area’s residents and businesses Headline Copy Goes HereHalligan Water Supply Project Big Picture •Existing dam built in 1909 by North Poudre Irrigation Company •Federal permitting process started in 2006 •Project will expand the existing 6,400 acre-feet reservoir, by ~8,200 acre-feet •14,600 acre-feet total capacity •New dam construction to start as early as 2026 •The project is currently the most cost-effective option to meet Utilities' water storage and supply needs Headline Copy Goes HereExisting Versus New Existing dam •78’ high, 350’ length,8-foot crest width •Two 34” outlet pipes •12,000 cubic feet per second (CFS)spillway capacity •Cyclopean masonry and slip form concrete New dam •144.5’ high, 1,000’ length, 26-foot crest width •One 42” outlet and one 24” outlet •104,000 CFS spillway capacity •Roller Compacted Concrete (RCC)construction •Water surface elevation only increases by 26 feet Headline Copy Goes Here 5 Halligan Reservoir Enlargement 253 to 391 surface acres Headline Copy Goes Here Federal Permitting Process Began 2006 Draft Environmental Impact Statement (EIS) Released 2019 EIS Public Comment Period 2019-2020 Fish and Wildlife Mitigation and Enhancement Plan Approval 2023 Final EIS Released 2023 Larimer County 1041 2024 60% Design 2024 401 Water Quality Certification 2025 Final Design 2025 Record of Decision (Federal Permitting Process Complete) 2026 Construction Commencement 2026-2027 Operational 2028-2029 Project Timeline Headline Copy Goes HereCurrent Total Cost Estimate: $308 Million Headline Copy Goes HereStorage and Conservation Working Together •Water Supply and Demand Policy: managing the level of demand and efficient use of a scarce and valuable resource •Predicting what customers will use •Conservation and efficiency: programs, City code •Benefits: use less water, lower water bills •Limitations: conservation helps flatten the curve when demand is high but without a place to hold water, it won’t be there when you need it •Challenge: Growing population •Water Supply and Demand Policy: ensuring an adequate, safe and reliable supply of water for beneficial use •Water rights primarily from Horsetooth Reservoir (Colorado River) and Cache la Poudre River •Water Supply Storage: Horsetooth, Joe Wright and Halligan enlargement (proposed) •Benefits: saves water for when you need it •Limitations: inadequate storage •Challenges: climate change, drought and scarcity, value/cost, adequate supply Supply Demand 8 Headline Copy Goes HereProject Impacts •Water quality •401 certification •Seasonal inundation of ¾-mile stream channel •Wetlands •Inundation and creation of wetlands •Special status species •Preble’s Meadow Jumping Mouse, Big Horn Sheep •Temporary construction activities Headline Copy Goes HereOverall Project Benefits Provides a safe, reliable water supply. Most cost-effective option to meet needs. Year-round flows on the North Fork leading to fishery and habitat improvements. Replaces an aging dam. Gravity-fed – no energy or greenhouse gas emissions. Uses existing reservoir instead of building a new one. Headline Copy Goes HereEnvironmental Benefits Zero-Flow River Conditions Proposed River Conditions (5 CFS) •Several measures will be included in the project to avoid, minimize, and improve impacts on stream functions: •Winter Release Plan (3 CFS) •Summer Low-flow Plan (5 CFS) •3-day Peak flow bypass •Ramping rate limitations •Improves water temperatures •Attempt to protect releases using the Protected Mitigation Releases statute •These provide flow-related benefits to about 22 miles of the North Fork of the Poudre River Headline Copy Goes HereLarimer County 1041 Permit •Colorado law authorizes local jurisdictions to identify, designate, and regulate areas and activities of State interest through this local permitting process •Public comment period •Application encompasses all aspects of the project •Halligan will not go through the City of Fort Collins’ 1041 process Headline Copy Goes HereLarimer County 1041 Timeline Application submitted 60 days Completeness review by Larimer County Reviewing agencies provide comments 45 days City staff report to Larimer County Planning Commission City staff report to Board of County Commissioners Planning Commission hearing Board of County Commissioners hearing(s) Decision expected Winter 2024-25July 11, 2024 Headline Copy Goes HereProject Enhancements Fish Passage at the Fort Collins Intake at Gateway Park •Increase connectivity for trout, other large- bodied fish on the Main Stem of the Cache la Poudre River •Diversion structure currently acts as a barrier to fish movement, preventing migration •Compensate for impacts to the Main Stem fisheries associated with flow change from the Halligan Project Project Site Fort Collins Poudre Canyon Rd. Headline Copy Goes HerePassage Design •Provide reliable upstream fish passage and additional connectivity upstream of the intake •The City will consult with Colorado Parks and Wildlife Headline Copy Goes Here Questions? fcgov.com/halligan