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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 08/22/2017 - FIRST READING OF ORDINANCE NO. 116, 2017, AMENDINGAgenda Item 3 Item # 3 Page 1 AGENDA ITEM SUMMARY August 22, 2017 City Council STAFF Donnie Dustin, Water Resources Manager Carol Webb, Water Resources/Treatmnt Opns Mgr Lance Smith, Utilities Strategic Finance Director Eric Potyondy, Legal SUBJECT First Reading of Ordinance No. 116, 2017, Amending Chapter 26 of the Code of the City of Fort Collins to Make Various Changes Related to the Raw Water Requirements, to Hereinafter Be Known as the “Water Supply Requirements.” EXECUTIVE SUMMARY The purpose of this item is to consider adoption of various changes to the Utilities Raw Water Requirements (RWR). The RWR are a dedication of water rights or cash-in-lieu (CIL) of water rights to ensure that adequate water supply and associated infrastructure are available to serve the water needs of development. The three main changes are decreasing the amount of RWR, increasing the CIL rate and moving to a cash-focused system. These changes will increase development costs in the Utilities water service area, but are necessary for meeting the water needs of that development. Following direction given at the February 14, 2017 City Council work session, staff has conducted additional outreach and addressed City Council questions. This item was presented on July 11, 2017 to the Council Finance Committee, which recommended the item be considered for adoption by the entire City Council. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. The following is a summary of the proposed changes:  Adjust the RWR schedules to reflect recent (lower) water use o Use number of bedrooms for indoor component of residential schedule  Increase the Cash-in-Lieu (“CIL”) rate to $16,700 per acre-foot of RWR  Accept cash, existing City-issued water certificates and credits, North Poudre Irrigation Company (“NPIC”) shares, and Colorado-Big Thompson Project (“CBT”) units for RWR satisfaction o No longer allow dedication of other water rights  Review and adjust (if necessary) the CIL rate biennially  Review and adjust (if necessary) the RWR schedules every 5 to 7 years  Implement RWR and CIL rate changes on April 1, 2018  Rename the RWR as the “Water Supply Requirements” BACKGROUND / DISCUSSION The Raw Water Requirements (“RWR”) are a dedication of water rights or cash-in-lieu of water rights (“CIL”) to ensure that adequate water supply and associated infrastructure are available to serve the water needs of development (including re-development needing increased water service). Changes to the RWR and CIL rate have not been made for many years. Agenda Item 3 Item # 3 Page 2 Staff presented the proposed changes to the RWR and CIL rate at the February 14, 2017 City Council work session. The material provided for that work session, which contains more detailed information on the background and proposed changes, is included as Attachment 1. Council direction was to consider delayed implementation of the changes, provide information about the impact on rates to delaying or not implementing the changes, conduct additional public outreach (including to the general public), orient new Councilmembers on the related issues, and provide justification for contingencies embedded in the CIL rate. Water Service Areas in Fort Collins The City of Fort Collins Utilities (“Utilities”) water service area covers the central portion of Fort Collins. As the City continues to grow into the Growth Management Area, much of this growth will be outside the Utilities water service area, and will instead be in the service areas of the surrounding water districts (mostly the East Larimer County Water District and the Fort Collins-Loveland Water District (“Districts”)). Water service for much of this growth will thus be provided by the Districts. The attached map shows these service areas (Attachment 2). Although regional water collaboration discussions are ongoing with the Districts and direction or potential outcomes of those discussions have yet to be determined, any proposed changes to the RWR and CIL rate will only apply to water service from Utilities and within the Utilities water service area. This does not preclude future changes to the RWR and CIL rate for water service from Utilities based on potential outcomes of the regional discussions or from the Districts modifying their respective water dedication requirements. Current Raw Water Requirements (RWR) The RWR starts with determining the amount of RWR that must be provided to Utilities, which are generally based on water use and development type. Once the amount of RWR is determined, it can currently be met by:  Dedication of acceptable water rights (mostly local ditch company shares);  A payment of cash-in-lieu of water rights (currently $6,500 per acre-foot of RWR);  Turning over City-issued water certificates or credits. Future Development and Water Use Changes The amount of RWR needed to meet Utilities’ future water supply needs includes calculating the projected amount of future water use from new and redevelopment and then determining the water rights and/or facilities needed to meet that projected use, and adjusting the RWR to acquire the necessary supplies and/or facilities. The Utilities’ water service area population is projected to grow by about 45,000 people by the year 2065 (from the current service area population of about 133,000 to about 178,000). Based on the current RWR schedules, this projected growth is estimated to provide about 11,900 acre-feet of additional RWR that will be turned in to Utilities. However, water use has significantly changed since the current RWR schedules were developed. The current RWR schedules are based on a 1983 study. Utilities staff analyzed 10 years (2006-2015) of monthly water billing data. Due in great part to successful conservation efforts, water consumption for almost every customer category has decreased from the amount required under the current RWR calculations. In addition, the analyses suggest that the best models for predicting water consumption for both single-family and multi-family residential developments are those based on lot size and number of bedrooms. Suggested RWR Adjustments Given the changes in water use from the expected amount per the current RWR calculations, staff recommends that the RWR calculations be adjusted to reflect the information provided above. Making these changes will reduce the overall projected amount of expected RWR the Utilities will receive in the next 50 years from about 11,900 acre-feet to about 7,700 acre-feet. More specifically, it is recommended the RWR calculations be changed to the following: Agenda Item 3 Item # 3 Page 3 Single Family/Duplex RWR (acre-feet) = 1.92 x [ 7.048 x Lot size (sq. ft.) ] + [ 12,216.9 x Bedrooms (#) ] [ 325,851 (gallons/acre-foot) ] Multi-Family (> 2 units) RWR (acre-feet) = 1.92 x [ 9.636 x Lot size (sq. ft.) ] + [ 13,592.8 x Bedrooms (#) ] [325,851 (gallons/acre-foot) ] Commercial RWR (acre-feet) = ¾-inch tap: 0.90 1-inch tap: 2.26 1 ½-inch tap: 4.72 2-inch tap: 7.91 > 2-inch tap: case-by-case Water Supply Needs and Other Costs for Increasing Firm Yield Utilities projects the need for new infrastructure and some additional water rights to increase the Utilities firm yield by about 7,800 acre-feet in order to meet projected future growth in the water service area by 2065. Alone, acquiring the new infrastructure and water rights would not provide adequate water supplies needed for those future customers without use of the existing water supply system. As explained in the previous material (Attachment 1), a “buy-in” component was added to consider the total value of the water supply system that new development will need. The following briefly lists these components and their projected costs/value in 2017 dollars:  $63.9M: Infrastructure (mostly additional storage, e.g., Halligan Water Supply Project)  $25.5M: Future water rights (requires storage to be effective)  $40.5M: Value of existing portfolio to be utilized by new development Combining these costs provides the total current cost to increase the firm yield for new development (or redevelopment) of approximately $129.9 million. Cash-in-Lieu (CIL) Rate Changes As explained in the previous material (Attachment 1), staff developed a hybrid CIL rate approach that uses the total costs to increase the firm yield and divides this amount by the additional provided. CIL Rate (Hybrid Approach): $129.9M (cost to increase firm yield) / 7,800 acre-feet (increased firm yield) = $16,700 per acre-foot of RWR Cash Focus Considerations It is imperative that the RWR become a “cash focused” system. This would mean no longer accepting water rights to meet the RWR, except for CBT units and NPIC shares that come with storage that provide year-round use and firm yield. Existing City-issued water certificates, as well as credits from previously-satisfied RWR, will still be accepted. Cash will allow focus on acquiring additional storage capacity, agility to acquire specific water rights, and flexibility to pursue other (potentially regionally collaborative) water supply options. It should be noted that the conversion factor for water rights accepted by the City are currently set by the Water Board. Under the proposed changes, the Water Board would no longer have this function because the conversion factors would be set forth in the City Code. For NPIC shares, the current Water Board-approved Agenda Item 3 Item # 3 Page 4 conversion factor was revised from 5 acre-feet per share to 4-acre feet per share. This recognizes that each NPIC share includes 4 CBT units, which is the main value of these shares to the Utilities. Commercial Surcharges Commercial taps that have met the RWR since the mid-1980s have also received an equivalent water allotment. After a customer’s total annual water use goes over that allotment in a given calendar year, their water bill includes a surcharge rate applied to all water use over the allotment (along with the standard water rate). The current surcharge rate is $3.06 per 1,000 gallons (for use over the annual allotment). Funds collected via this surcharge are used to acquire additional water supplies that compensate for the use over what was initially provided. The proposed increases to the CIL rate will increase the surcharge rate to $7.86 per 1,000 gallons. Allotments can be increased closer to actual use by meeting additional RWR. Since the change to the surcharge rate is significant, Utilities staff is conducting focused outreach to existing customers who consistently exceed their annual allotment. In particular, Utilities water conservation staff is contacting these customers about ways to reduce their use. Also, upon final adoption of the RWR/CIL rate changes by City Council and assuming a delayed implementation of those changes, these customers will be alerted to the opportunity to increase their allotments before the proposed CIL rate increases take effect. Future RWR/CIL Adjustments It is recommended that the CIL rate be reviewed every two years, as a part of the other City biennial fee review process, and adjusted as needed to reflect changes such as construction or water rights costs. It is also recommended that the RWR schedules should be reviewed every 5 to 7 years and changed if necessary, since changes to average water use are usually the result of long-term water conservation. Previous Council Requests Council had the following requests for additional information at the February 14, 2017 work session, which are followed by staff responses:  Please provide justification for the contingencies used in the proposed changes. o A 25 percent contingency was added to the infrastructure and water right components of the projected costs that were part of the proposed CIL rate. The main cost in the infrastructure component is based on the estimated cost of the Halligan Water Supply Project. However, the City may get a permit for an alternative project that could be up to 2.5 times the cost of enlarging Halligan Reservoir. The cost of the future water rights component are based on current market values and the contingency considers potential inflation of these rights. CBT units cost about four times their cost 6 years ago. Given these examples, Utilities staff believes the 25 percent contingency is justified (if not conservatively low).  Please orient new Councilmembers on these issues if Council action is delayed until after the April (2017) municipal elections. o Councilmember Summers was briefed on these changes (along with many other Utilities items) by the Utilities Executive Director in late June 2017. In addition, as a member of the Council Finance Committee, Mr. Summers was oriented at the July 11, 2017 meeting when this topic was discussed. CITY FINANCIAL IMPACTS Although the amount of RWR is being decreased, the significant increase in the CIL rate will result in overall cost increases for all types of development in the Utilities water service area. However, these cost increases are necessary to ensure an adequate water supply to serve new development. Even with these increases, however, Utilities’ RWR costs will remain one of the lowest when compared with other local water providers. Agenda Item 3 Item # 3 Page 5 Council had the following requests related to City financial impacts at the February 14, 2017 work session, which are followed by staff responses:  Staff should consider delayed implementation of the changes on the order of 6 to 12 months, and should define the impacts of this schedule. o Delaying the implementation of the RWR and CIL rate changes can be done, but doing so would result in less RWR fees being collected over the delay period. In the last 3 years, the amount of RWR met has averaged about 800 AF. Assuming this average will continue for the next year or two, then the reduction in RWR fees collected could be significant. If all RWR (under both the current and proposed systems) was met with cash only (no credits or water rights), the reduction in fees collected would be approximately $1.7 million every 6 months or about $3.5 million per year. Any shortfalls would fall upon the ratepayers through future rate increases. A $3.5 million annual shortfall would represent 12% of the 2016 annual water fund operating revenues of $29.7 million.  Staff should provide information about the impact on ratepayers from not making these changes and how rates have changed over time. o There are two main changes to the RWR/CIL rate system that effect the revenues generated. First, the proposed decreases in overall RWR to be satisfied are to recognize lower water use as a result of long-term water conservation. Not making the RWR changes would create a disconnect between current data regarding the amount of water that is actually being used and the amount of water being required by the RWR. Therefore, if the RWR is decreased, but the CIL rate remains at $6,500 per acre-foot of RWR, the reduction in RWR fees collected over the next 50 years would be about $49 million. This shortfall would fall upon the ratepayers through future rate increases, which could be significant. o Utilities water rate increases have varied over past years. More recently, Utilities has advocated for gradual, but consistent rate increases to avoid large, unexpected ones (which might be needed if the proposed changes to the RWR/CIL rate are not made). BOARD / COMMISSION RECOMMENDATION At its July 20, 2017 meeting, the Water Board recommended adoption of the proposed changes in a six by a vote of 6-2. The two opposing votes believed that the $40.5 million “buy-in” component of the proposed CIL rate was too low and that it should be higher to more accurately reflect the value of the Utilities existing water supply portfolio that new development will have access to use. (Attachment 3) The proposed changes were also presented to the Affordable Housing Board (AHB). The AHB provided a letter to Utilities asking for exceptions to these changes (Attachment 4) which briefly entailed either (1) freezing the current CIL rates for qualified affordable housing developments (QAHD), (2) phase in changes and apply to QAHD last, and (3) lock CIL rates for QAHD at the beginning of the development process. Making these types of changes would result in lost Utilities impact fees that would need to be made up through increases to Utilities water rates, which is counter to the Utilities enterprise fund operations by using enterprise funds to subsidize affordable housing. For this reason, Utilities does not have the authority to implement this request. Utilities staff is committed to being part of an internal City task force organized by the Social Sustainability Department to consider affordable housing issues. The task forces will discuss the issues presented in the AHB letter, along with similar changes for other Utilities impact fees. Potential changes can then be presented to the AHB and City Council once they are more thoroughly developed. Staff also presented to the following boards/commissions:  Economic Advisory Commission – the Commission was generally supportive of the proposed changes  Natural Resources Advisory Board – the Board was generally supportive of the proposed changes, with some members advocating for a higher CIL rate. Agenda Item 3 Item # 3 Page 6 PUBLIC OUTREACH Utilities staff has presented the proposed RWR and CIL rate changes to key stakeholders including local ditch companies (from which Utilities has historically accepted shares), the Fort Collins Chamber of Commerce, the Northern Colorado Home Builders Association, Utilities key accounts, several individual affected developers and water right holders, and various discussions with the Districts. As requested by City Council at the February 14, 2017 work session, Utilities staff attempted to conduct general public outreach via focus groups on how Utilities assess water impact fees for new development and how it might affect water rates. Out of 100 randomly-selected customers that were contacted (from a larger pool of customers that had previously agreed to be contacted for surveys and focus groups), only one agreed to attend. Therefore, the focus groups were cancelled. The City’s Financial Services staff has convened a Fee Working Group, which includes members of the public via City Board and Commission members (including a Water Board member), that will meet over the next several months to discuss all development fees (including the RWR and CIL rate). Input Received The following summarizes various input received during the outreach process, followed by staff reactions or adjustments made to the proposed changes to address the input:  Concern about the increased costs to housing in Fort Collins. o Although these changes will increase the cost of new housing in Fort Collins, the proposed changes are needed to provide an adequate water supply to this new development. Even with the overall increase in water costs for new development in the Utilities service area, these costs will still be lower than most in the region.  The “buy-in” component of the CIL rate is like paying for something twice; where does that revenue get used? o The $40.5 million “buy-in” component of the CIL rate considers the future customer’s use of a portion of the existing water supply system. Only acquiring the projected infrastructure and water rights needs explained above would not provide enough water supplies to support the projected growth. They need to use portions of the existing water supply system. The revenue generated from this portion will reduce future costs associated with upkeep of the water supply system and ensures that a portion of the Utilities Water Fund reserves are replenished for water system improvements that help to reduce future rate increases for all customers by offsetting the impacts from development.  No longer accepting local ditch company shares will devalue those shares. o The ditch shares historically accepted by Utilities have always been and will continue to be available for purchase by others (including the City), which should help to maintain their value. Recently, the East Larimer County Water District (or “ELCO”, which serves the northeast potion of the City’s GMA) began accepting several of the ditch company shares that were historically accepted by Utilities. This concern of devaluation was focused on shares of the Pleasant Valley and Lake Canal Company (PVLC), which is not accepted by ELCO or other known water providers. Utilities staff projects the need for some additional PVLC shares and shareholders can contact staff if they wish to sell their shares. Utilities would intend to purchase them at a fair market value. o While staff recognizes that this change may impact the market value of these water rights (local ditch shares) in the near term, the use of such rights to meet the RWR for development has only been minimal in recent years. Moreover, as the Utilities approaches build out of its water service area, it is imperative that the final additions to the water rights portfolio are strategically made through targeted purchases of certain water rights.  The proposed changes will increase costs for projects that are already in the development process. o Developers typically consider the total cost of a development with the water (and other) fees that are in place before they acquire permits and start construction, particularly for commercial and multi-family developments which are typically built in a short time period and sold as one Agenda Item 3 Item # 3 Page 7 project (versus single family homes, which an entire development can take years to build and the home prices can adjust with the fees). Some developers requested a delayed implementation to avoid these types of cost impacts. According to the Planning Department, it takes approximately 9 to 12 months from a first submittal to a final development plan - at which point the RWR can be assessed and met (or paid). Given that these changes were initially presented to City Council on February 14, 2017 (and thus made public) and staff’s recommendation is to delay implementation until April 1, 2018, this should provide adequate time for developments that started in early 2017 to meet the RWR under the current system and CIL rate.  No longer accepting water rights will injure developers that have collected them for planned developments that are early in the City’s process. o Some developers have submitted a large overall development plan (“ODP”) to the City that has multiple phases of development that might takes several years to build out. Also, some developers have started development that take longer than the typical 9-12 months to get through the City approval process. These developers may have collected water rights (local ditch shares) for these projects, but are not yet at the stage of development to turn them in to meet the RWR. Discontinuing acceptance of water rights would burden the developers that have planned accordingly. In order to prevent this type of burden, staff has included provisions to allow dedication of these water rights under the following set of conditions:  Developer shows proof of starting the development and ownership of shares for the development to be dedicated prior to February 14, 2017;  Transfer of water rights to the City occurs prior to January 1, 2019; and  The dedicated water rights shall not be transferred to another property (in case of changes to the development). ATTACHMENTS 1. Work Session Agenda materials, February 14, 2017 (PDF) 2. Fort Collins Area Water Districts Map (PDF) 3. Water Board minutes, July 20, 2017 (draft) (PDF) 4. Affordable Housing Board, April 19, 2017 (PDF) 5. Council Finance Committee minutes, July 11, 2017 (draft) (PDF) 6. Powerpoint presentation (PDF) DATE: STAFF: February 14, 2017 Donnie Dustin, Water Resources Manager Carol Webb, Water Resources/Treatmnt Opns Mgr Lance Smith, Utilities Strategic Finance Director WORK SESSION ITEM City Council SUBJECT FOR DISCUSSION Changes to the Utilities Raw Water Requirements. EXECUTIVE SUMMARY The purpose of this work session is to seek City Council input on staff’s proposed changes to the current Raw Water Requirement (RWR) system and associated Cash-in-Lieu (CIL) rate. The review of the RWR and CIL has been prompted by various recent events (e.g., change in water use and water right prices) and has resulted in staff proposing several changes to the RWR and CIL that are needed to ensure that the impacts of new development will be offset and that the City will have adequate water supplies and infrastructure. Staff will provide City Council with an overview of the current RWR system and associated CIL rate, which allows for generating adequate funds and water rights to provide a reliable water supply for new development (and redevelopment needing increased water service) within the Utilities water service area. Utilities staff recommends the following changes: x Adjust RWR schedules to reflect recent (lower) water use o Use number of bedrooms for indoor component of residential schedule x Adjust CIL rate per a hybrid cost approach o Increase CIL rate to $16,700 per acre-foot of RWR x Accept cash only (and existing City-issued water certificates and credits) o Discontinue the dedication of water rights x Require periodic adjustment of the RWR and CIL. o Review and adjust (if necessary) the CIL rate biennially o Review and adjust (if necessary) the RWR schedules every 5 to 7 years GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED What feedback does Council have on the proposal to: 1. Change the amount of raw water required? 2. Change the CIL rate and methodology? 3. Accept cash only? 4. Require periodic updates to the RWR and CIL rate? BACKGROUND / DISCUSSION The Raw Water Requirements (RWR) are a dedication of water rights or cash-in-lieu of water rights (CIL) to ensure that adequate water supply and associated infrastructure are available to serve the water needs of development (including redevelopment needing increased water service). Staff will present background information including the existing RWR system and CIL rate, future development and water supply needs, water use changes, and potential changes to the RWR system and CIL rates. ATTACHMENT 1 February 14, 2017 Page 2 Water Service Areas in Fort Collins The City of Fort Collins Utilities (Utilities) water service area covers the central portion of Fort Collins. As the City continues to grow into the Growth Management Area, much of this growth will be outside the Utilities water service area, and will instead be in the service areas of the surrounding water districts (mostly the East Larimer County Water District and the Fort Collins-Loveland Water District (Districts). Water service for much of this growth will thus be provided by the Districts. The attached map shows these service areas (Attachment 1). Although regional water collaboration discussions are ongoing with the Districts and direction or potential outcomes of those discussions have yet to be determined, any proposed changes to the RWR will only apply to water service from Utilities and within the Utilities water service area. This does not preclude future changes to the RWR for water service from Utilities based on potential outcomes of the regional discussions or from the Districts modifying their respective water dedication requirements. Raw Water Requirements The RWR is a requirement for providing adequate water supply service by Utilities. It currently requires a dedication of water rights, a payment of cash-in-lieu of water rights, or turning over City-issued water certificates to ensure that an adequate supply of raw (untreated) water and associated infrastructure (e.g., storage reservoirs) are available to serve the needs of development (including re-development needing increased water service). Generally, the RWR are based on water use and development type. The current RWR schedules are attached (Attachments 2 and 3). The goal of the RWR is to acquire adequate water rights and funds to provide a reliable raw water supply for a development. Although not the focus of this discussion, other water-related development fees include water and wastewater plant investment fees (PIFs) that are assessed to cover the treatment and distribution infrastructure required to process and transport treated water and resulting wastewater into and out of a development. These water-related development fees are one-time impact fees (or requirements) and are separate from water rates, which recover the operational costs of running and maintaining this infrastructure. For the purposes of this discussion, RWR refers to the volume of raw water needed to meet the projected water use of a development (in acre-feet of water) and the CIL fee refers to the cash equivalent of that water supply needed. The current amount of RWR assessed for residential development is based on a calculation that incorporates indoor and outdoor use components and a water supply factor multiplier. The current amount of RWR assessed for non-residential (or commercial) development is based on the average use for particular meter (or tap) sizes and also includes a water supply factor multiplier. The water supply factor used in both the residential and commercial RWR schedules is currently 1.92, which means that Utilities requires 1.92 times the amount of the projected (or average) water use of a development. Reasons for this factor include the need to account for treatment and distribution losses in the supply system, variable demands of customers (e.g., higher use during hot, dry years), variable yields of supplies (e.g., less yield in droughts) and variable yield from the Utilities different water supply sources (since some yield better than others). Given these and other uncertainties in providing reliable water supplies (e.g., climate change), the 1.92 water supply factor continues to be necessary. Once the amount of RWR for a development is determined (in acre-feet), the RWR currently can be satisfied with acceptable water rights, a payment of cash in-lieu-of water rights, City-issued water certificates or credits, or a combination. The water rights currently accepted by Utilities for satisfaction of the RWR are attached (Attachment 4). The CIL rate is currently $6,500 per acre-foot of RWR. Previous adjustments to the CIL rate have considered the raw water supply situation of Utilities at the time, including factors such as the market price of Colorado-Big Thompson Project (CBT) units, the potential value of local water rights (e.g., Southside Ditches), and the goal to receive an appropriate mix of water rights and cash needed to develop additional firm yield for development. Among other things, changes to the CIL rate should consider the cost to acquire additional storage capacity (e.g., Halligan Water Supply Project) and other facilities required to fully utilize the Utilities water rights portfolio, the value of the existing water supply system, and developing a methodology for easily updating the CIL rate. February 14, 2017 Page 3 Future Development The amount of RWR needed to meet Utilities’ future water supply needs includes calculating the projected amount of future water use, determining the water rights and/or facilities needed to meet that projected use, and adjusting the RWR to acquire the necessary supplies and/or facilities. Calculating the projected amount of future water use and expected RWR that will be turned in depends on projected growth (both population and commercial/industrial). The Utilities’ water service area population is projected to grow about 45,000 by the year 2065 (from the current population of about 133,000 to about 178,000). Based on the current RWR schedules, this projected growth is estimated to provide about 11,900 acre-feet of additional RWR that will be turned in to Utilities. However, water use has significantly changed since the current RWR schedules were developed. Water Use Changes The current RWR schedules are based on a 1983 study focused on relating actual water use with the raw water requirements. The study analyzed annual water consumption data broken into categories based on number of dwelling units, type of living structure, and equivalent lot size (net total area of development divided by number of dwelling units). A linear formula was then derived which could be used to project consumption on the basis of residential density (number of units and size of lot), utilizing the same formula for both single-family and multi- family developments. This projected consumption is the “expected use” for a particular type of development. Acknowledging the impacts of conservation on the City’s water consumption, Utilities staff studied recent water use patterns for single-family, multi-family, and commercial developments. The results of the study showed significantly lower water consumption for single-family and multi-family developments over recent years, as compared to the expected use from the current RWR calculations. Differences in water consumption for commercial developments were not as significant, though changes were also present. The differences in expected use versus recent actual use prompted staff to investigate possible methods for updating the water use formulas in the RWR in order to better project expected use for future developments. Methods To investigate recent trends in water consumption, the past 10 years (2006-2015) of monthly water billing data was analyzed, broken out by single-family residential, multi-family residential, and commercial developments. Utilizing 10 years of consumption data helps to capture climatic variations, which can greatly affect water consumption across all development types. From the outset, the data for different types of residential developments were analyzed separately, with the anticipation that average consumption trends would differ between development types. Further investigation into the use data and types of developments led to combining data for duplexes with single-family developments. Single-family/Duplex Due in great part to successful conservation efforts, water consumption for single-family residential customers has decreased. The current analysis shows a significant difference between the average annual use per single-family home and the calculated expected use from the current RWR equations. These differences are outlined in Table 1. Multi-family Due to the complexity of compiling and verifying water consumption data for multi-family developments, which often include multiple buildings and irrigation taps, a representative sample of developments were analyzed for this study. Multi-family residential water use, which includes both indoor and outdoor use, has seen an overall downward trend and the average annual use per unit is significantly lower than the calculated expected use from the current February 14, 2017 Page 4 RWR equations. Table 1 shows the average use per unit, as well as the change from the expected use predicted from the current RWR equations. Table 1. Summary of annual residential water use from 2006-2015 Residential Development Type Expected Use per Unit (gal/year) Average Use per Unit (gal/year) Fraction of Expected Use Single-family/Duplex 130,840 96,640 74% Multi-family 79,720 48,380 61% In an effort to realign the RWR equations to more closely reflect current use patterns, multi-variate regression models were utilized to investigate multiple variables (e.g., lot size, number of units, building square footage, number of bathrooms, and number of bedrooms) and their ability to predict water use. The results of the analyses suggest that the best models for predicting water consumption for both single-family and multi-family residential developments are those which include lot size and number of bedrooms. The correlation between number of bedrooms and indoor water use was much greater than the current method based on number of units. This analysis indicates that altering the current RWR schedules would more accurately reflect current residential water use patterns, as well as more equitably distribute those requirements across the range of development types and sizes by better reflecting actual water use. Proposed alterations to the residential RWR schedule include separate equations for single-family (and duplex) and multi-family residential developments, as well as modifying the equation to reflect expected use as a function of number of bedrooms and lot size. These changes would reduce the volume of water required under the RWR for the average residential development. Commercial Finally, the analysis considered non-residential (or commercial) water use. An analysis of non-residential water use from 1981-2015 showed that non-residential water use increased by roughly 35% shortly after the 1980s water use study, but has trended back downward since then. Non-residential water use can vary widely by the type of business (even for the same tap size). For instance, a restaurant would be expected to use more water than a hardware store, even though they may occupy otherwise similar commercial spaces of equal size and are connected to Utilities with the same tap size. It would be administratively difficult and costly for Utilities or developers to accurately estimate each non-residential development type’s water use, especially as that use can change over time as businesses evolve and come and go on a particular property. Each of the most common tap sizes from 0.75-inch to 2-inch thus have a set RWR volume. The current method of a set RWR volume for the smaller tap sizes maintains equity across different types of water users for a single tap size by setting an allotment for a maximum allowed amount of water use, and then applying a surcharge rate for use beyond the allotment. The allotment is based on 80% of the average use for a tap size. This method provides a baseline that encourages water conservation, while still allowing customers to pay for additional RWR for greater amounts of water use. This method also recognizes that a small number of high water-use businesses pull up the overall average use of all customers in that tap size. Consequently, by using 80% of the average, the numerous businesses that use much less than the average are not penalized. Funds acquired from the surcharge rate applied to use over the allotment are used to acquire more water supplies. This methodology is still applicable to current commercial development and is recommended to be continued. Table 2 shows the average annual water use by tap size, the expected use predicted by the 1980s study and used in the current calculation of RWR, as well as the fraction of expected use. The table shows that non- residential water use was less than expected for the 1-inch, 1.5-inch, and 2-inch taps, but the 0.75-inch, was near expected. Since RWR for non-residential development is determined by tap size, the RWR could be adjusted by the fraction of expected use to reflect the change in water use over time. February 14, 2017 Page 5 Table 2. Summary of annual, non-residential water use from 2006-2015 Tap Size (inches) Expected Use (gallons/year) Average Use (gallons/year) Fraction of Expected Use (%) 0.75 191,000 190,000 100% 1.0 636,000 479,000 75% 1.5 1,273,000 1,002,000 79% 2.0 2,037,000 1,678,000 82% Suggested RWR Adjustments Given the changes in water use from the expected amount per the current RWR calculations, staff recommends that the RWR calculations be adjusted to reflect the information provided above. Making these changes will reduce the overall projected amount of expected RWR the Utilities will receive in the next 50 years from about 11,900 acre-feet to about 7,700 acre-feet. More specifically, it is recommended the RWR calculations be changed to the following: Water Supply Needs In order to meet future growth, Utilities projects the need for new infrastructure and some additional water rights. The largest part of the new infrastructure would be acquisition of additional storage capacity through the Halligan Water Supply Project. The additional storage at an enlarged Halligan Reservoir would meet a large portion of the projected future demands by storing existing water rights (and water rights to be acquired in the future) during wet times for use during dry times. Other infrastructure that is projected to be needed by 2065 includes being part of facilities required to fully utilize the Utilities’ recently changed Water Supply and Storage Company shares and potential future measuring devices and by-pass facilities on the Poudre River as part of requirements for utilizing some of the Utilities water rights. Utilities also projects a longer term need (by 2065) for some additional water rights to complement the additional storage capacity. Adding the new infrastructure and water rights to the water supply portfolio will increase the Utilities’ firm yield about 7,800 acre-feet, from the existing firm yield of 30,800 acre-feet to about 38,600 acre-feet. This boost in firm yield will meet the expected future growth for the Utilities water service area mentioned above. The new February 14, 2017 Page 6 infrastructure is estimated to cost approximately $63.9 million and the additional water rights about $25.5 million, both of which include a 25 percent contingency and total about $89.4 million. Other Costs for Increasing Firm Yield In addition to the new infrastructure and water rights mentioned above, future Utilities customers will benefit from the existing water supply portfolio. Alone, acquiring the new infrastructure and water rights mentioned above would not provide adequate water supplies needed for those future customers without use of the existing water supply system. Also, the future water supply needs for new development are being reduced by leveraging the capacity in the existing water rights system that is largely the result of effective water conservation from existing customers. In addition, new customers will have an impact on the existing water supply system through its increased use. These factors justify a partial “buy-in” to the existing system. Adding a “buy-in” charge for the future customer’s use of a portion of the water supply system will reduce future costs associated with upkeep of the water supply system, part of which results from development. Funds raised by this “buy-in” portion of the impact fee also ensures that a portion of the Utilities Water Fund reserves are replenished for water system improvements that help to reduce future rate increases for all customers by offsetting the impacts from development (e.g., helping to recover costs for the recent $8 million Michigan Ditch tunnel project). Adding the new infrastructure and water rights will increase the Utilities’ water supply firm yield from 30,800 to 38,600 acre-feet. This 7,800 acre-foot increase is about 20 percent of the future firm yield. A reasonable method of determining the portion of the existing portfolio used by future development would be to assume they use the same proportion (about 20 percent) of the existing firm yield of 30,800 acre-feet (or about 6,200 acre-feet). Applying the long-standing CIL rate of $6,500 per acre-foot to the approximate 6,200 acre-feet, results in a value of the portion of the existing portfolio that can be utilized by new development of about $40.5 million. This method minimizes the buy-in cost by only considering a certain portion of the water supply system (the most recently acquired ditch company shares) and does not factor in the higher value of other portions of the system (such as CBT units or senior water rights - all of which will be used by new development). Combining the costs of the new infrastructure and water rights needed with the value of the existing water supply portfolio gives the total cost to increase the firm yield for new development (or redevelopment) of approximately $129.9 million. Cash Only Considerations It is imperative that the RWR become a “cash only” system. This would mean no longer accepting water rights to meet the RWR. However, the existing City-issued water certificates, as well as credits from previously satisfied RWR, will still be accepted. This cash only system would recognize the importance of acquiring additional storage capacity (which cannot be turned in to meet the RWR), since such storage capacity increases our supplies by making existing (and future) water rights available during dry times. Utilities will need to focus on specific water rights in the future to avoid inefficient rights that are ineffective in our water supply system. In a cash only system, water rights could still be purchased by Utilities and focus would be given to the best water rights for our water supply system. It should be noted that Utilities plans to focus use of the cash received on infrastructure first (particularly additional storage), since it efficiently and economically provides for reliable water supplies. In addition, accepting cash only would provide flexibility to pursue other water supply options in the future, which could include regionally collaborative projects. Cash-in-Lieu (CIL) Rate Changes BBC Research and Consulting (“BBC”), which has expertise in fee and rate analyses, was hired to review the RWR system and the CIL rate. Utilities took the information provided by BBC to consider options for changes to the RWR system and CIL rate. Their attached report (Attachment 5) shows the results of their findings. As part of their study, BBC was asked to evaluate the value of the Utilities’ water supply portfolio. BBC did this by considered an equity buy-in approach for a CIL rate adjustment, where they valued the Utilities existing and future water supply system to be worth between $1.3 and $1.5 billion. Dividing that total system value by the future firm February 14, 2017 Page 7 yield of the water supply system of approximately 38,600 acre-feet determines the equity buy-in value of the water supply system. Using the low end of the total system value ($1.3 billion) results in an equity buy-in amount of about $33,800 per acre-feet of RWR. This would be an amount to “plug into” the Utilities water supply system and approximates what it would cost to acquire those supplies today. BBC also helped Utilities consider other approaches for a CIL rate adjustment. The other main option was an incremental cost approach, which considers only the costs of future water supply needs. Because the existing water rights portfolio includes water rights which will be more effectively utilized through the development of water storage and thereby will provide some water to future growth, this approach does not accurately reflect the total costs for development and would under collect the anticipated cost of developing the required water supply system. Ultimately, BBC helped Utilities identify a modified buy-in or hybrid approach that combined elements of the equity buy-in approach and an incremental cost approach. This hybrid approach involves looking at the value of existing water supply portfolio (as discussed above), the costs of future water supply needs and dividing this cost by the firm yield those future water supplies provide. Using the total costs of approximately $129.9 million, divided by the additional 7,800 acre-feet of firm yield provided, results in a hybrid approach value of about $16,700 per acre-foot of RWR. Principles of Impact Fees As staff investigated potential options for changes to the RWR system and the CIL rate, the following principles of impact fees for new development or redevelopment were followed x Growth should pay its own way. This means the impacts of the development should be paid for by the development and not by existing ratepayers via increased rates. x The impact fee should charge only the cost of mitigating the impact of the development on current customers. For example, setting the CIL to the market value of local water rights could result in charging more than is needed. x Adding the development should be done while maintaining the current level of service, with little to no impact to existing rate-paying customers. For example, reducing the drought tolerance level for existing customers by utilizing water made available through water conservation to new development could impact the level of service for existing customers. RWR and CIL Rate Changes: Options Explored Several options for changing the RWR system and the CIL rate were explored. The criteria used in considering these options included whether the option met the principles of impact fees (as explained above), was financially sustainable, and was defensible. Financial sustainability means that it will generate adequate funds to acquire the future water supply needs of the development, as well as having a reasonable and easily reproducible methodology for acquiring the funds. Lastly, defensibility is important to avoid potential risks associated with the methodologies used in any option. The following is a brief description of the different options or approaches that were investigated for changing the RWR system and CIL rate, including whether the option met the criteria mentioned above. With the exception of the first option (Status Quo), all options include going to a cash only RWR/CIL system. Status Quo: This option would involve not changing anything, including the RWR calculations, the current $6,500 CIL rate or going to a cash only system. This option does not meet any of the criteria since it does not generate adequate funds, it burdens existing customers to pay for future needs, and it asks for more water (RWR) than development needs. Existing RWR, Adjust CIL: This option would involve leaving the RWR calculations the same and adjusting the CIL rate by dividing the costs of our total future needs by the projected RWR we expect. Although this option meets the financially sustainable criteria by generating the necessary funds for acquiring the future water supply February 14, 2017 Page 8 needs mentioned above, it does not meet the other criteria since it asks for more water (RWR) than development needs. Equity buy-in approach: This option would involve adjusting the RWR calculations as recommended above and adjusting the CIL rate to the equity buy-in amount of $33,800 as explained above. Although this option partially meets the financially sustainable criteria by generating the necessary funds for acquiring the future water supply needs mentioned above, it is based on a replacement cost of the entire water supply system. Split fee approach: This option would also involve adjusting the RWR calculations as recommended above. This option would involve creating a new, additional impact fee for the necessary infrastructure needed for future water supplies, along with the current RWR fee for the water rights needed (or available to developers through existing City water certificates or credits). A variation of this option (termed a Water Right Utilization Fee) was presented to City Council during a September 24, 2013 work session. Although this option would meet most of the criteria, it potentially would create disputed issues with the use of some of the City’s water certificates and was thus not considered further. Incremental cost approach: This option involves adjusting the RWR calculations as recommended above and adjusting the CIL rate based on only the incremental costs to acquire the future water supply needs. However, because of the City’s outstanding water certificates and credits, this approach does not recognize the value of these credits to the new development and also would not generate adequate funds. Hybrid approach: This option involves adjusting the RWR calculations as recommended above and adjusting the CIL rate based as a hybrid of the incremental costs to meet the future water supply needs, along with a “buy-in” charge to future customers for the value of a portion of the Utilities’ existing water supply portfolio. By collecting sufficient revenue to meet future water supply needs associated with this growth and buying into the existing water supply system for the use of water being made available through water conservation that helps pay for the additional impacts to the existing system from new customers, this option meets all the criteria used. Thus it is the recommended option. Proposed Changes to the RWR and CIL Rate Given the information provided above, and consulting with BBC on various aspects of the RWR system and CIL rate, the best option is to use a hybrid approach. This approach would include changing the RWR calculations as suggested above. The CIL rate for this hybrid approach would be $16,700 per acre-foot of RWR. This CIL rate can be compared with about $50,000 per acre-foot of firm yield from the CBT project or with the full equity buy-in amount of $33,800 discussed above. It should be noted that the changes in the CIL rate are a significant shift from the past CIL methodology, which just looked at the incremental cost of acquiring water rights. In the future, when there may be no need for acquiring additional water supplies or infrastructure, we would likely switch to an equity buy-in approach for the CIL rate similar to the current Utilities Plant Investment Fee (PIF) structure. The recommended hybrid approach is an interim transition from an incremental to an equity buy-in approach. RWR/CIL Comparisons Table 3 shows information for the status quo (no changes) and the proposed hybrid approach, including the assumed RWR amounts, CIL rates and cost for typical developments. Although the proposed changes to the RWR schedules and CIL rates are related to impact fees specific to the Utilities water service area, a comparison with other northern Colorado water providers for single family homes and 1-inch taps are provided in Figures 1 and 2 (for illustrative purposes only). February 14, 2017 Page 9 Table 3 - Fort Collins Utilities Raw Water Requirements (RWR) for Typical Developments Development Type Status Quo (CIL=$6,500/AF) Hybrid Approach (CIL=$16,700/AF) Change from Status Quo (%) Single family, 4br, 6,000 sq ft lot Raw Water Requirement, AF: 0.66 0.54 -19.0% Total Cost, $: $4,309 $8,970 108.2% Multi-family, 100 units, 3.4 acres Raw Water Requirement, AF: 42.49 23.33 -45.1% Total Cost, $: $276,210 $389,674 41.1% Unit Cost, $/unit: $2,762 $3,897 41.1% Commercial Tap: 0.75" Raw Water Requirement, AF: 0.90 0.90 0.3% Total Cost, $: $5,850 $15,070 157.6% Commercial Tap: 1.0" Raw Water Requirement, AF: 3.00 2.27 -24.5% Total Cost, $: $19,500 $37,836 94.0% Commercial Tap: 1.5" Raw Water Requirement, AF: 6.00 4.72 -21.3% Total Cost, $: $39,000 $78,877 102.2% Commercial Tap: 2.0" Raw Water Requirement, AF: 9.60 7.91 -17.6% Total Cost, $: $62,400 $132,104 111.7% February 14, 2017 Page 10 Figure 1 Figure 2 Future RWR/CIL Adjustments It is recommended that the CIL rate be reviewed every two years, along with the other City biennial fee review process, and adjusted as needed to reflect changes to construction costs, water rights and projected RWR (related to growth projections). $4,300 $9,000 $11,800 $13,000 $13,200 $14,200 $25,000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Status Quo Hybrid Approach Loveland NWCWD Greeley ELCO FCLWD Cost, rounded to nearest $100 ($) Water Supply Costs for Typical Single Family Home in Northern Colorado $19,500 $30,600 $37,800 $62,500 $64,000 $101,100 $105,000 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Status Quo NWCWD Hybrid Approach FCLWD Greeley ELCO Loveland Cost, rounded to nearest $100 ($) Water Supply Costs for 1" Commercial Taps in Northern Colorado February 14, 2017 Page 11 It is recommended that the RWR schedules should be reviewed every 5 to 7 years and changed if necessary, since changes to average water use are usually the result of long-term water conservation and thus less volatile than the factors underlying the CIL rate. This review would assess any potential changes in consumption, investigate the appropriateness of predictor variables, and if necessary, reflect any changes in updated equations. It is also recommended to utilize the previous 10 years of data when performing these updates. Affordable Housing Impacts Although Utilities needs the proposed changes to the RWR and CIL rate to develop adequate water supply for future development, it is recognized that these changes will increase the overall cost of housing within the Utilities water service area. These cost increases affect both Affordable Housing projects (as defined in City Code) and the affordability of housing in Fort Collins. According to the Social Sustainability Department, about 95 percent of future Affordable Housing projects will be multi-family. Although the costs for all housing (including Affordable Housing projects) in the Utilities water service area will increase with the proposed changes, the cost increases for these projects are diminished by the 39 percent reduction in the RWR calculation (for volume of water required). Utilities staff will be part of an internal task force being created by the Social Sustainability Department to analyze and address fees and housing affordability. Outreach Utilities staff presented the proposed changes to the RWR and CIL rate to the Water Board on October 6, 2016. Based on input from their meeting, Utilities staff made some changes to the proposal and postponed an October 25, 2016 City Council work session until after presenting to the Council Finance Committee and to consider timing with multiple rate changes occurring at the City (which will also be discussed during the February 14 work session). Besides the Water Board meeting in October, more recent outreach has included presenting the proposed changes to: x Week of January 23: Many of the ditch companies (during their annual stockholder meetings) from which Utilities has historically accepted shares for dedication toward meeting the RWR; x January 27: Fort Collins Chamber of Commerce x February 8: Northern Colorado Home Builders Association (did not occur before this AIS) x Various: contact with several local developers and water right holders The input gathered so far has mainly included concerns about the increased costs to housing in Fort Collins, not understanding the existing water system portion of the CIL rate, and the effect a cash only system will have on local water right values. Staff is currently working on scheduling other presentations for gathering additional input from stakeholder groups like the Fort Collins Board of Realtors and Downtown Development Authority. Also, similar outreach to City boards and commissions such as the Water Board, Economic Advisory Commission, and the Affordable Housing Board will be conducted based on the direction given by Council. The input gathered from the outreach efforts will be provided as part of the final City Council actions that will be required for adoption of changes. STAFF RECOMMENDATION Utilities staff recommends the following changes: x Adjust Raw Water Requirement (RWR) schedules to reflect recent (lower) water use o Use number of bedrooms for indoor component of residential schedule x Adjust the Cash-in-Lieu (CIL) rate per a hybrid cost approach o Increase CIL rate to $16,700 per acre-foot of requirement x Accept cash only (and existing City-issued water certificates and credits) for RWR satisfaction x Review and adjust (if necessary) the CIL rate biennially x Review and adjust (if necessary) the RWR schedules every 5 to 7 years February 14, 2017 Page 12 In addition, it is recommended the name of this Utilities development fee be change in City Code from Raw Water Requirements to “Water Supply Requirements”, since developing adequate and reliable water supplies requires more than just acquiring “raw water”. Implementation Alternatives The following are three potential alternatives to implementing the recommended changes: x Adopt changes to RWR and CIL rate and implement immediately x Adopt changes to RWR and CIL rate, but delay implementation by a few months x Adopt changes to RWR and CIL rate, but delay implementation by several months NEXT STEPS Staff will consider City Council input and conduct additional public outreach prior to returning to City Council for final approval of the changes to the RWR and CIL, which is likely to occur in the next few months. The ongoing discussions with the surround Districts will continue and Utilities will be part of the Affordable Housing task force mentioned above. ATTACHMENTS 1. Fort Collins Area Water Districts Map (PDF) 2. Residential RWR Schedule (PDF) 3. Non-Residential RWR Schedule (PDF) 4. Water Rights and Conversion Factors (PDF) 5. BBC Research Memo re: Cash-in-Lieu charges, February 7, 2017 (PDF) 6. Glossary of Water Resources Terms (PDF) 7. Powerpoint presentation (PDF) ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Utilities electric – stormwater – wastewater - water 700 Wood St. PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax 970.224.6003 TDD utilities@fcgov.com fcgov.com/utilities RESIDENTIAL RAW WATER REQUIREMENTS (RWR) SCHEDULE 1 Single Family, Duplex, & Multi-Family Effective January 1, 2016 Raw water is required for the increase in water use created by new development and to ensure a reliable source of supply in dry years. The Raw Water Requirement (RWR) formulas listed below include all residential categories: single family, duplex and multi-family dwelling units. Irrigation taps needed for common area greenbelts that are part of Single-Family developments are assessed water rights on a Non-Residential basis by tap size (see Non-Residential RWR Schedule). Irrigation taps for common area greenbelts of Multi-Family developments are not assessed additional water rights since water rights collected for the buildings include the overall net acreage of the development which contain all lots, spaces, private streets, parking and common areas. When calculating the number of acre-feet of water needed to satisfy the Raw Water Requirement (RWR), select the appropriate formula listed below. If the net acres are unknown, add the square footage of all lots together and divide by 43,560, the number of square feet in an acre of land. STANDARD RESIDENTIAL RWR FORMULA RWR = Raw Water Requirement in acre-feet Net Acres = Area of development in acres, excluding public street rights-of-way, city maintained tracts and rights-of-way, ditches, railways or other areas typically maintained by persons other than the owner of the premises or an agent of the owner. RWR = 1.92 x [(.18 x Number of Dwelling Units) + (1.2 x Net Acres)] When used for the following categories, the formula above can be simplified as shown: Single Family: RWR = .3456 + (2.304 x Net Acres) max. lot area 1/2 acre or 21,780 sq.ft. Duplex: RWR = .6912 + (2.304 x Net Acres) Multi-Family (3 units or more): RWR = (.3456 x No. of Units) + (2.304 x Net Acres) RWR MAY BE SATISFIED BY ANY ONE, OR COMBINATION OF THE FOLLOWING: x Water rights (stock) acceptable to the City based on current conversion factors x City of Fort Collins water certificates x Cash at the rate of $6,500 per acre-foot of RWR If the Raw Water Requirement (RWR) is satisfied with water stock or city water certificates, transactions are completed at the Utilities before a water service permit is issued. If satisfied with cash, payment is made at Neighborhood and Building Services upon issuance of a building permit. 1 Summarized from Sections 26-129, 26-148 and 26-150 of the Code of the City of Fort Collins. ATTACHMENT 2 Utilities electric – stormwater – wastewater - water 700 Wood St. PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax 970.224.6003 TDD utilities@fcgov.com fcgov.com/utilities NON-RESIDENTIAL RAW WATER REQUIREMENT (RWR) SCHEDULE 1 For Water Services Not Included in the Residential Category Effective January 1, 2016 Raw water is required for the increase in water use created by new development and to ensure a reliable source of supply in dry years. Non-residential service shall include without limitation all commercial, industrial, public entity, group housing, nursing homes, fraternities, hotels, motels, commonly owned areas, club houses, and pools. The minimum Raw Water Requirement (RWR) for water services up to 2-inches in diameter is shown below. The RWR for services 3-inch and larger are based on the applicant’s estimate of actual use, provided that such estimate is first approved and accepted by the General Manager. Options for satisfying the RWR include turning over water rights to the City in the form of water stock or city water certificates, OR paying the equivalent cash-in-lieu-of amount. Equivalent Cash Minimum Meter Size Minimum RWR Payment at Annual Allotment (inches) (acre-feet) * $6,500/acre-foot (Gallons/Year) 3/4 0.90 or $ 5,850 293,270 1 3.00 or $ 19,500 977,550 1-1/2 6.00 or $ 39,000 1,955,110 2 9.60 or $ 62,400 3,128,170 3 and above Based on use * acre-foot = 325,851 gallons of water RWR MAY BE SATISFIED BY ANY ONE, OR COMBINATION OF THE FOLLOWING: x Water rights (stock) acceptable to the City based on current conversion factors x City of Fort Collins water certificates x Cash at the rate of $6,500 per acre-foot of RWR If the RWR is satisfied with water stock or city water certificates, transactions are completed at the Utilities before a water service permit is issued (refer to schedule of water rights and conversion factors acceptable to the City). If the RWR is to be satisfied with cash, payment is made at Neighborhood and Building Services upon issuance of a building permit. ANNUAL ALLOTMENT/SURCHARGE (related to Monthly Billing) The RWR establishes an annual gallon allotment for each tap and subsequent monthly water account. A surcharge of $3.06 per 1,000 gallons will be assessed on a customer’s monthly water bill when an account uses more water in a given calendar year than the gallons allotted for a particular tap size. The surcharge rate is billed in addition to the customer’s regular monthly tiered water rate. Once the annual allotment has been exceeded and the water surcharge appears on an account, the surcharge will continue to be billed each month through the end of that calendar year. Additional water stock, city certificates, or cash may be turned in to increase the annual allotment. 1 Summarized from Sections 26-129, 26-149, and 26-150 of the Code of the City of Fort Collins. ATTACHMENT 3 Utilities electric – stormwater – wastewater - water 700 Wood St. PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax 970.224.6003 TDD utilities@fcgov.com fcgov.com/utilities WATER RIGHTS AND CONVERSION FACTORS ACCEPTED BY THE CITY FOR SATISFACTION OF RAW WATER REQUIREMENTS (RWR) Effective January 1, 2016 Arthur Irrigation Company (see Note) 3.442 Acre-Feet / Share Larimer County Canal No. 2 (see Note) 42.687 Acre-Feet / Share New Mercer Ditch Company (see Note) 30.236 Acre-Feet / Share North Poudre Irrigation Company 5.00 Acre-Feet / Share NCWCD Units (CBT – Colo. Big Thompson) 1.00 Acre-Feet / Unit (share) Pleasant Valley and Lake Canal Company 39.74 Acre-Feet / Share Warren Lake Reservoir Company 10.00 Acre-Feet / Share City of Fort Collins Water Certificates Face Value of Cert. (in acre-feet) City of Fort Collins Josh Ames Certificates 0.5625 Acre-Feet per certificate or each certificate can satisfy 1/8 acre of land Note: The City does not accept treasury shares (inactive shares held by these companies) as of December 18, 1992. A provision in the final decree of Water Court Case No. 92CW129 prohibits the City from acquiring such treasury shares and using them for municipal purposes. ‡„”—ƒ”›͹ǡʹͲͳ͹ ”Ǥƒ …‡‹–Šƒ†”Ǥ‘‹‡—•–‹ ‘”–‘ŽŽ‹•–‹Ž‹–‹‡• Re: Fort Collins Utilities Cash-in-Lieu Charges for Water to Serve New Development ‡ƒ””Ǥ‹–Šƒ†”Ǥ—•–‹ǣ ‘”–‘ŽŽ‹•–‹Ž‹–‹‡•ȋ Ȍ”‡–ƒ‹‡†‡•‡ƒ” …ŠƬ‘•—Ž–‹‰ȋȌ–‘”‡˜‹‡™‹–• …ƒ•ŠǦ‹ǦŽ‹‡— ”‡“—‹”‡‡–•ˆ‘”’”‘˜‹†‹‰™ƒ–‡”•‡”˜‹ …‡–‘‡™†‡˜‡Ž‘’‡–•Ǥ‡–™‹–Š‹–›‘ˆ ‘”– ‘ŽŽ‹•Ž‡‰ƒŽ•–ƒˆˆǡƒ†™‹–Š ǯ•™ƒ–‡””‡•‘—” …‡•–ƒˆˆǡ–‘†‹• …—••–Š‹•‹••—‡ƒ†‰ƒ–Š‡” ‹ˆ‘”ƒ–‹‘Ǥ‡ƒŽ•‘”‡˜‹‡™‡††ƒ–ƒƒ††‘ …—‡–•’”‘˜‹†‡†„›™ƒ–‡””‡•‘—” …‡••–ƒˆˆǤ Š‹•Ž‡––‡”•—ƒ”‹œ‡•ǯ•ƒƒŽ›•‹•ƒ†‡˜ƒŽ—ƒ–‹‘„ƒ•‡†‘–Š‹•‹ˆ‘”ƒ–‹‘Ǥ ǯ••–—†›™ƒ•‹–‡†‡†–‘Š‡Ž’ ƒ•™‡”ˆ‘—”ˆ—†ƒ‡–ƒŽ“—‡•–‹‘•ǣ Šƒ–‹•–Š‡ƒ’’”‘’”‹ƒ–‡‡–Š‘†ˆ‘”‡•–ƒ„Ž‹•Š‹‰ ǯ• …ƒ•ŠǦ‹ǦŽ‹‡—”‡“—‹”‡‡–•ǫ ‘™˜ƒŽ—ƒ„Ž‡ƒ”‡ ǯ•™ƒ–‡””‡•‘—” …‡•ȋ‡Ǥ‰Ǥ™ƒ–‡””‹‰Š–•ƒ†”ƒ™™ƒ–‡”ˆƒ …‹Ž‹–‹‡•Ȍǫ ‘™™‘—Ž†–Š‡ƒ•™‡”•–‘–Š‡•‡“—‡•–‹‘• …Šƒ‰‡ ǯ• …ƒ•ŠǦ‹ǦŽ‹‡—”‡“—‹”‡‡–•ǫ ‘™ …ƒ —’†ƒ–‡‹–• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•‹ˆ—–—”‡›‡ƒ”•ǫ Š‡”‡ƒ‹†‡”‘ˆ–Š‹•Ž‡––‡”’”‘˜‹†‡•ǯ•ƒ•™‡”•–‘‡ƒ …Š‘ˆ–Š‡•‡“—‡•–‹‘•ǡ Method for establishing the cash-in-lieu requirement.ƒ•‡†‘ǯ•ʹͲͳͷ ”‡•‡ƒ” …Šˆ‘”–Š‡‹–›‘ˆ ”‡‡Ž‡›ǡ  …—””‡–Ž›Šƒ•‘‡‘ˆ–Š‡Ž‘™‡•–ǡ‹ˆ‘––Š‡Ž‘™‡•–ǡ …ƒ•ŠǦ‹Ǧ Ž‹‡— …Šƒ”‰‡•ˆ‘”™ƒ–‡”•—’’Ž‹‡•–‘•‡”˜‡‡™”‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–ƒ‘‰–Š‡Žƒ”‰‡”ƒ† ˆƒ•–‡”‰”‘™‹‰ …‘—‹–‹‡•‹‘”–Š‡”‘Ž‘”ƒ†‘ȋ•‡‡’’‡†‹šȌǤ ‘™‡˜‡”ǡƒ•†‹• …—••‡†™‹–Š–Š‡‹–›ƒ––‘”‡›ǯ•‘ˆˆ‹ …‡ǡ–Š‡Ž‡‰ƒŽˆ”ƒ‡™‘”ˆ‘”‹’ƒ …–ˆ‡‡• Ȅ•— …Šƒ• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•Ȅ‹• …Ž‡ƒ”ǤŠ‡•‡ˆ‡‡•‘” …Šƒ”‰‡• …ƒ‘–„‡„ƒ•‡†‘ƒ ‡˜ƒŽ—ƒ–‹‘‘ˆ™Šƒ–‘–Š‡”—–‹Ž‹–‹‡•ǡ‡˜‡‹–Š‡•ƒ‡Dz‡‹‰Š„‘”Š‘‘†dzǡƒ”‡ …Šƒ”‰‹‰Ǥ PAGE 2 ‘—”–•Šƒ˜‡”‡ …‘‰‹œ‡†–™‘ƒ’’”‘ƒ …Š‡•–‘‡•–ƒ„Ž‹•Š‹‰‹’ƒ …–ˆ‡‡••— …Šƒ• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡• Ȅ–Š‡equity buy-inƒ’’”‘ƒ …Š ƒ†–Š‡ incremental costƒ’’”‘ƒ …ŠǤ Equity buy-in approach.Š‹•ƒ’’”‘ƒ …Š‹•‘ˆ–‡—•‡†‹ …‹” …—•–ƒ …‡•™Š‡”‡–Š‡’—„Ž‹ …‡–‹–› ‘”—–‹Ž‹–›Šƒ•ƒ˜ƒ‹Žƒ„Ž‡ …ƒ’ƒ …‹–›–‘•‡”˜‡ƒ–Ž‡ƒ•–ƒ’‘”–‹‘‘ˆ–Š‡‡‡†•”‡“—‹”‡†„›‡™ †‡˜‡Ž‘’‡–Ǥ PAGE 3 ‡™†‡˜‡Ž‘’‡–™Š‹Ž‡ƒ‹–ƒ‹‹‰–Š‡•ƒ‡Ž‡˜‡Ž‘ˆ•‡”˜‹ …‡–Šƒ–‹– …—””‡–Ž›’”‘˜‹†‡•–‘‹–• ‡š‹•–‹‰ …—•–‘‡”•Ǥ Estimated value of FCU’s water resource system. ”‘–Š‡•–ƒ†’‘‹–‘ˆ–Š‹• ƒƒŽ›•‹•ǡ–Š‡”‡ƒ”‡–™‘„ƒ•‹ … …‘’‘‡–•‹–Š‡™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘”‡“—‹”‡†–‘•‡”˜‡ ǯ• ‡š‹•–‹‰ …—•–‘‡”•ƒ†‡™†‡˜‡Ž‘’‡–ǣ ǯ•‡š‹•–‹‰™ƒ–‡””‹‰Š–•ƒ†•–‘”ƒ‰‡ˆƒ …‹Ž‹–‹‡•ǡƒ† –Š‡’”‘’‘•‡†‡™•–‘”ƒ‰‡’”‘Œ‡ …–ƒ†‘–Š‡”ƒ–‹ …‹’ƒ–‡†’”‘Œ‡ …–•ƒ†™ƒ–‡””‹‰Š–•‡‡†‡†–‘ ‘’Ž‡–‡–Š‡™ƒ–‡”•—’’Ž›•›•–‡Ǥ Estimated minimum value of FCU’s existing water resource portfolio.•†‡–ƒ‹Ž‡†‹ ‹‰—”‡ͳ‘–Š‡ˆ‘ŽŽ‘™‹‰’ƒ‰‡ǡǯ•‹‹—‡•–‹ƒ–‡‘ˆ–Š‡ …—””‡–˜ƒŽ—‡‘ˆ ‘”–‘ŽŽ‹• ‡š‹•–‹‰™ƒ–‡””‹‰Š–•ƒ†•–‘”ƒ‰‡ˆƒ …‹Ž‹–‹‡•‹•ƒ’’”‘š‹ƒ–‡Ž›̈́ͳǤʹ„‹ŽŽ‹‘ǤŠ‹•‹‹—˜ƒŽ—‡ ‡•–‹ƒ–‡‹•”‡ƒ•‘ƒ„Ž› …‘•‹•–‡–™‹–Š–Š‡˜ƒŽ—‡‘ˆDzƒ”‘—†̈́ͳ„‹ŽŽ‹‘dz …‹–‡†‹–Š‡ʹͲͳʹ’†ƒ–‡ –‘–Š‡ƒ–‡”—’’Ž›ƒ†‡ƒ†ƒƒ‰‡‡–‘Ž‹ …›‡’‘”–Ǥʹ ‹•ˆƒ‹Ž‹ƒ”™‹–Š–Š‡ …—””‡–ƒ …–‹˜‡ƒ”‡–•ˆ‘”–Š”‡‡‘ˆ–Š‡Žƒ”‰‡”™ƒ–‡””‹‰Š–•Š‘Ž†‹‰•‹ ǯ•’‘”–ˆ‘Ž‹‘Ȃ‘Ž‘”ƒ†‘Ǧ‹‰Š‘’•‘‹–•ȋǦȌǡ•Šƒ”‡•‹–Š‡‘”–Š‘—†”‡ PAGE 4 Š‡•‡•›•–‡•‹ …Ž—†‡–Š‡”–Š—” PAGE 5 Figure 1. Estimated Minimum Value of FCU’s Water Resource System  Notes: a/ Current market price -- high by historic standards. b/ Latest data from FCU. Generally trades at value of embedded C-BT (3 units, after shrink). c/ Approximate 2015 value, may be higher now. d/ Min. estimate of value. These types of WR don't trade, but are very firm. e/ Firm/reusable supply. Value est. based on WGFP. f/ Value includes storage and firming. g/ No known market for most of these. This is an estimated minimum value. Includes PV&LCC and Chaffee Ditch. h/ Latest estimate from FCU, excludes contingencies. Volume Average Supply Source (Shares) Yield per Share per AF Total Value Current System in 2016 Known Market Values C-BT 18,855 14,330 $25,000 $32,894 $471,375,000 a/ NPIC 3,564 19,850 $88,000 $15,799 $313,610,000 b/ WSSC 27 2,240 $600,000 $7,144 $16,002,000 c/ Subtotal 36,420 $21,993 $800,987,000 Estimated Minimum Market Values Poudre River Direct Flow 11,300 $20,000 $226,000,000 d/ PRPA Reuse Water 2,310 $25,000 $57,750,000 e/ Joe Wright/Michigan Ditch 5,500 $10,000 $55,000,000 f/ Other Sources Available for Treatment 18,970 $5,000 $94,850,000 g/ Total Minimum Estimated Value for Current System 74,500 $16,572 $1,234,587,000 Future System Additions Future Water Rights Acquisitions $20,400,000 h/ Infrastructure Projects Proposed Firming Project (Halligan) $46,200,000 h/ WSSC Management Project $2,600,000 h/ River By-pass Facilities $2,300,000 h/ Minimum Value for Future System Additions $71,500,000 Minimum Estimated Value for Completed System $1,306,087,000 Estimated Value PAGE 6 Potential maximum value of FCU’s water resource portfolio.‘‡•–‹ƒ–‡–Š‡ …—””‡–ǡ ƒš‹—˜ƒŽ—‡‘ˆ–Š‡’‘”–ˆ‘Ž‹‘ǡƒ†‡–Š‡ˆ‘ŽŽ‘™‹‰‘†‹ˆ‹ …ƒ–‹‘•–‘–Š‡’”‡˜‹‘—• ‹‹—˜ƒŽ—‡ƒ••—’–‹‘•Ǥ ‹”•–ǡ™‡ƒ••—‡†–Š‡‘—†”‡‹˜‡”†‹”‡ …–ˆŽ‘™”‹‰Š–• …‘—Ž†„‡ ™‘”–Šƒ•— …Šƒ•̈́͵ͲǡͲͲͲ’‡”ƒ …”‡Ǧˆ‘‘–ǡƒ’’”‘š‹ƒ–‡Ž›‘’ƒ”™‹–Š–Š‡ …—””‡–˜ƒŽ—‡‘ˆǦ •—’’Ž‹‡•‘ƒƒ˜‡”ƒ‰‡ƒ—ƒŽ›‹‡Ž†„ƒ•‹•Ǥ‡ƒ††‡†ʹͷ’‡” …‡––‘–Š‡‹‹—˜ƒŽ—‡‡•–‹ƒ–‡• ˆ‘”•—’’Ž‹‡•ˆ”‘–Š‡‡—•‡Žƒƒ† ‘‡”‹‰Š–Ȁ‹ …Š‹‰ƒ‹– …Š›•–‡Ǥ‡ƒŽ•‘ƒ••—‡† ƒƒš‹—˜ƒŽ—‡ˆ‘”–Š‡ …‘ŽŽ‡ …–‹‘‘ˆ‘–Š‡”™ƒ–‡””‹‰Š–•ƒ†ˆƒ …‹Ž‹–‹‡•–Šƒ–’”‘˜‹†‡™ƒ–‡” ƒ˜ƒ‹Žƒ„Ž‡ˆ‘”–”‡ƒ–‡–ȋ‡š …Ž—†‹‰Ǧǡ PAGE 7 Figure 2. Estimate Range of Potential Values for FCU’s Water Resource System Value per acre-foot of firm yield. ‹‰—”‡͵•—ƒ”‹œ‡•–Š‡˜ƒŽ—‡‡•–‹ƒ–‡•ˆ‘” ‘”–‘ŽŽ‹• ™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘ǡƒ† …‘˜‡”–•–Š‘•‡‡•–‹ƒ–‡•‹–‘˜ƒŽ—‡•’‡”ƒ …”‡Ǧˆ‘‘–‘ˆˆ‹”›‹‡Ž†Ǥ Š‡ƒ–‹ …‹’ƒ–‡†ƒ††‹–‹‘•–‘–Š‡’‘”–ˆ‘Ž‹‘ƒ”‡‡š’‡ …–‡†–‘ƒ††•—„•–ƒ–‹ƒŽŽ›–‘–Š‡ˆ‹”›‹‡Ž†‘ˆ –Š‡•›•–‡Ȅ‹ …”‡ƒ•‹‰–‘–ƒŽˆ‹”›‹‡Ž†ˆ”‘ƒ„‘—–͵ͲǡͺͲͲ –‘͵ͺǡ͸ͲͲ Ȅƒ–ƒ ‘’ƒ”ƒ–‹˜‡Ž›Ž‘™ …‘•–ǤŠ‡ …—””‡–‡•–‹ƒ–‡‘ˆ–Š‡—Ž–‹ƒ–‡˜ƒŽ—‡‘ˆ–Š‡ …‘’Ž‡–‡†•›•–‡‹• „‡–™‡‡̈́͵͵ǡͺͲͲƒ†̈́͵ͻǡʹͲͲ’‡”ƒ …”‡Ǧˆ‘‘–Ǥ Supply Source Minimum Maximum Difference Current System in 2016 Known Market Values C-BT $471,375,000 $471,375,000 $0 NPIC $313,610,000 $313,610,000 $0 WSSC $16,002,000 $16,002,000 $0 Subtotal $800,987,000 $800,987,000 $0 Other Water Resources Poudre River Direct Flow $226,000,000 $339,000,000 $113,000,000 PRPA Reuse Water $57,750,000 $72,187,500 $14,437,500 Joe Wright/Michigan Ditch $55,000,000 $68,750,000 $13,750,000 Other Sources Available for $94,850,000 $142,275,000 $47,425,000 Treatment Total for Current System $1,234,587,000 $1,423,199,500 $188,612,500 Future System Additions Proposed Firming Project (Halligan) $46,200,000 $57,750,000 $11,550,000 WSSC Management Project $2,600,000 $3,250,000 $650,000 River By-pass Facilities $2,300,000 $2,875,000 $575,000 Future Water Rights Acquisitions $20,400,000 $25,500,000 $5,100,000 Totals for Completed System $1,306,087,000 $1,512,574,500 $206,487,500 Estimated Range of Values PAGE 8 Figure 3. Range of Value and Estimated Value per Acre-foot of Firm Yield  Potential Cash-in-Lieu Charges for New Development.”‡˜‹‡™‡† ǯ• —””‡–ƒ’’”‘ƒ …Šˆ‘”‡•–ƒ„Ž‹•Š‹‰ …ƒ•ŠǦ‹ǦŽ‹‡—ˆ‡‡•ˆ‘”‡™†‡˜‡Ž‘’‡–ƒ††‡˜‡Ž‘’‡† ”‡ …‘‡†ƒ–‹‘•”‡‰ƒ”†‹‰’‘–‡–‹ƒŽ‘†‹ˆ‹ …ƒ–‹‘•Ǥ FCU’s current approach.  …—””‡–Ž›†‡–‡”‹‡•–Š‡”ƒ™™ƒ–‡””‡“—‹”‡‡–•ȋȌˆ‘” ‡™”‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–„ƒ•‡†‘ƒˆ‘”—Žƒ‡•–ƒ„Ž‹•Š‡†‹–Š‡ͳͻͺͲ•ǤŠƒ–ˆ‘”—Žƒǡ™Š‹ …Š ƒ„‡ƒ’’Ž‹‡†–‘†‡–ƒ …Š‡†•‹‰Ž‡ˆƒ‹Ž›”‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–•ǡ†—’Ž‡š‡•‘”—Ž–‹ˆƒ‹Ž› †‡˜‡Ž‘’‡–•ǡ‹•ǣ αͳǤͻʹšȏȋǤͳͺš—„‡”‘ˆ™‡ŽŽ‹‰‹–•ȌΪȋͳǤʹš‡– …”‡•ȌȐ ‘”•‹‰Ž‡ˆƒ‹Ž›”‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–•ǡ–Š‡ˆ‘”—Žƒ•‹’Ž‹ˆ‹‡•–‘ǣ αǤ͵Ͷͷ͸ΪȋʹǤ͵ͲͶš‡– …”‡•Ȍ͵ Š‡ˆ‘” …‘‡” …‹ƒŽ†‡˜‡Ž‘’‡–•‹•„ƒ•‡†‘‡–‡”•‹œ‡ǡ™‹–Š•’‡ …‹ˆ‹‡†˜‘Ž—‡•ȋ‘” ‘””‡•’‘†‹‰ …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•Ȍˆ‘” …‘‡” …‹ƒŽ’”‘’‡”–‹‡•–Šƒ–™‹ŽŽ—•‡Χ‹ …Š–‘ʹ‹ …Š –ƒ’•Ǥˆ‘”ˆƒ …‹Ž‹–‹‡•”‡“—‹”‹‰–ƒ’•Žƒ”‰‡”–Šƒʹ‹ …Š‡•ƒ”‡†‡–‡”‹‡†–Š”‘—‰Šƒ …ƒ•‡Ǧ„›Ǧ ƒ•‡‡˜ƒŽ—ƒ–‹‘Ǥ Šƒ•ˆ‘ …—•‡†’”‹ƒ”‹Ž›‘–Š‡ˆ‘”•‹‰Ž‡ˆƒ‹Ž›”‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–Ǥ–Ž‡ƒ•–•‘‡ ‘ˆ‘—”‘„•‡”˜ƒ–‹‘•ǡŠ‘™‡˜‡”ǡƒ›ƒŽ•‘ƒ’’Ž›–‘–Š‡ˆ‘”‘–Š‡”–›’‡•‘ˆ†‡˜‡Ž‘’‡–Ǥ Conceptual approach to establishing RWR. —”‹‰ƒ’”‡˜‹‘—•ƒ••‹‰‡–ˆ‘”–Š‡‹–›‘ˆ ”‡‡Ž‡›‹ʹͲͳͷǡ”‡˜‹‡™‡†–Š‡”‡•‹†‡–‹ƒŽ™ƒ–‡”†‡†‹ …ƒ–‹‘ƒ† …ƒ•ŠǦ‹ǦŽ‹‡—”‡“—‹”‡‡–• ˆ‘”–Š‡ʹʹ‘ˆ–Š‡Žƒ”‰‡•–ƒ†ˆƒ•–‡•–‰”‘™‹‰—‹ …‹’ƒŽ™ƒ–‡”’”‘˜‹†‡”•‹–Š‡‘”–Š‡” ”‘– ͵Š‡ˆ‘”—Žƒ‹••—„Œ‡ …––‘–Š‡”‡•–”‹ …–‹‘–Šƒ––Š‡ƒš‹—Ž‘–ƒ”‡ƒ‘–‡š …‡‡†Φƒ …”‡Ǥ Current System Anticipated Additions Completed System Estimated Value Minimum $1,234,587,000 $71,500,000 $1,306,087,000 Maximum $1,423,199,500 $89,375,000 $1,512,574,500 Firm Yield (AFY) 30,800 7,800 38,600 Value per AFY Minimum $40,084 $9,167 $33,836 Maximum $46,208 $11,458 $39,186  PAGE 9 ƒ‰‡ǤŠƒ–”‡˜‹‡™ǡ™Š‹ …Š‹ …Ž—†‡† ǡˆ‘—†–Šƒ–ͳͻ‘ˆ–Š‡ʹʹ …‘—‹–‹‡•‹’‘•‡ƒ™ƒ–‡” †‡†‹ …ƒ–‹‘”‡“—‹”‡‡–ƒ†Ȁ‘”ƒ …ƒ•ŠǦ‹ǦŽ‹‡—ˆ‡‡ˆ‘”™ƒ–‡””‡•‘—” …‡•ˆ‘”‡™”‡•‹†‡–‹ƒŽ †‡˜‡Ž‘’‡–•‹–Š‡‹”•‡”˜‹ …‡ƒ”‡ƒ•ǤͶ Š‹Ž‡–Š‡˜‘Ž—‡‘ˆ™ƒ–‡””‡“—‹”‡†ˆ‘”‡™†‡˜‡Ž‘’‡–˜ƒ”‹‡†ƒ‘‰–Š‡ …‘—‹–‹‡• ‹ …Ž—†‡†‹ǯ•’”‹‘”‡˜ƒŽ—ƒ–‹‘ǡ–Š‡”‡™‡”‡–Š”‡‡„ƒ•‹ …‡–Š‘†•‘ˆ†‡–‡”‹‹‰–Š‡ƒ‘—– ‘ˆ™ƒ–‡”–‘„‡†‡†‹ …ƒ–‡†ˆ‘””‡•‹†‡–‹ƒŽ†‡˜‡Ž‘’‡–ȋƒ†Ȁ‘”–Š‡ …‘””‡•’‘†‹‰ …ƒ•ŠǦ‹ǦŽ‹‡— Šƒ”‰‡ȌǤ Requirement based on overall gross or net acreage of new development. Š‹•™ƒ•–Š‡ •‹’Ž‡•–ƒ’’”‘ƒ …Šˆ‘”‡•–ƒ„Ž‹•Š‹‰–Š‡ƒ‘—–‘ˆ™ƒ–‡”–‘„‡†‡†‹ …ƒ–‡†ȋ‘”–Š‡–‘–ƒŽ …ƒ•ŠǦ ‹ǦŽ‹‡— …Šƒ”‰‡ȌǤ ”‡‡Ž‡›ǡ‘‰‘–ƒ†‹†•‘”—•‡–Š‹•ƒ’’”‘ƒ …ŠǤ Requirement based on number of dwelling units or taps.Š‹•‡–Š‘†ǡ™Š‹ …Š†‘‡•‘– ƒ …‘—–ˆ‘”†‹ˆˆ‡”‡ …‡•‹Ž‘–•‹œ‡ͷǡ™ƒ•–Š‡‘•– …‘‘ƒ’’”‘ƒ …Šˆ‘”‡•–ƒ„Ž‹•Š‹‰–Š‡ ™ƒ–‡”†‡†‹ …ƒ–‹‘Ȁ PAGE 10 Findings and recommendations.„‡Ž‹‡˜‡• •Š‘—Ž†”‡˜‹•‡‹–• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•ƒ– –Š‹•–‹‡ǡƒ†ƒ‡•–Š‡ˆ‘ŽŽ‘™‹‰”‡ …‘‡†ƒ–‹‘•Ǥ Š‡™ƒ–‡”—•ƒ‰‡ƒ••—’–‹‘•ȋ†‡˜‡Ž‘’‡†‘”‡–ŠƒʹͲ›‡ƒ”•ƒ‰‘Ȍ•Š‘—Ž†„‡ƒ†Œ—•–‡†–‘”‡ˆŽ‡ …– Šƒ‰‡•‹™ƒ–‡”—•‡’‡”ƒ …‘—–ǤŠ‡ˆ‘”—Žƒ•–Šƒ– —•‡•–‘‡•–ƒ„Ž‹•Šƒ† …ƒ•ŠǦ‹ǦŽ‹‡— ”‡“—‹”‡‡–•ƒ”‡–Š‡‘”‡–‹ …ƒŽŽ›•‘—†ǤŠ‡Dz™ƒ–‡”•—’’Ž›ˆƒ …–‘”dzȋ–Š‡ͳǤͻʹ–‡”‹–Š‡ ˆ‘”—Žƒ•ȌŽ‹‡Ž›”‡ƒ‹•ƒ’’”‘’”‹ƒ–‡–‘’”‘˜‹†‡ƒ …‘–‹‰‡ …›ˆ‘”‹ …”‡ƒ•‡††‡ƒ†—†‡” †”‘—‰Š– …‘†‹–‹‘•ǡ–”‡ƒ–‡–ƒ††‹•–”‹„—–‹‘™ƒ–‡”Ž‘••‡•ƒ†‘–Š‡”ˆƒ …–‘”•Ǥ  Note: FCU has undertaken this analysis and determined more recent water use requirements for different types of uses. For example, single family residential requirements appear to have declined by at least 25 percent, relative to the assumptions built into the current RWR equations. •Š‘—Ž† …‘˜‡”––‘ƒ …ƒ•Š‘Ž›•›•–‡ˆ‘”’”‘˜‹†‹‰™ƒ–‡””‡•‘—” …‡•ˆ‘”‡™†‡˜‡Ž‘’‡–Ǥ Šƒ••’‡ …‹ˆ‹ …’Žƒ•ˆ‘” …‘’Ž‡–‹‰‹–•™ƒ–‡””‡•‘—” …‡•›•–‡ǡƒ†–Š‡•‡’Žƒ•ƒ”‡Š‹‰ŠŽ› ‡ˆˆ‹ …‹‡–ˆ”‘ƒ‡ …‘‘‹ …•–ƒ†’‘‹–ȋƒ••Š‘™’”‡˜‹‘—•Ž›‹ ‹‰—”‡ʹȌǤŠƒ– ‡‡†•‹• ƒ•Š–‘’ƒ›ˆ‘”–Š‡•‡’Žƒ•ǡ”ƒ–Š‡”–Šƒƒ††‹–‹‘ƒŽ™ƒ–‡””‹‰Š–•–Šƒ–†‘‘–‡ …‡••ƒ”‹Ž›„‡•–•—‹– •›•–‡‡‡†•Ǥ‡”‡ …‘‰‹œ‡ǡŠ‘™‡˜‡”ǡ–Šƒ– Šƒ•’”‡˜‹‘—•Ž›’”‘˜‹†‡†ƒ—„‡”‘ˆ™ƒ–‡” †‡˜‡Ž‘’‡– …”‡†‹–•ȋ‡Ǥ‰Ǥ™ƒ–‡” …‡”–‹ˆ‹ …ƒ–‡•ƒ† …”‡†‹–ƒ …‘—–•Ȍ–Šƒ–™‹ŽŽ‡‡†–‘„‡ ƒ …‘‘†ƒ–‡†Ǥ Š‡ …ƒ•ŠǦ‹ǦŽ‹‡—‡“—‹˜ƒŽ‡–˜ƒŽ—‡•Š‘—Ž†„‡”‡˜‹•‡†Ǥ„‡Ž‹‡˜‡•  …‘—Ž†„‡Œ—•–‹ˆ‹‡†‹ Šƒ”‰‹‰ƒ•— …Šƒ•–Š‡ˆ—ŽŽ„—›Ǧ‹˜ƒŽ—‡ˆ‘”–Š‡ …‘’Ž‡–‡†™ƒ–‡”•›•–‡ȋ‡Ǥ‰Ǥ„‡–™‡‡̈́͵͵ǡͺͲͲ ƒ†̈́͵ͻǡʹͲͲ’‡”ƒ …”‡Ǧˆ‘‘–‘ˆˆ‹”›‹‡Ž†”‡“—‹”‡‡–•ȌǤ ‘™‡˜‡”ǡ™‡ƒŽ•‘”‡ …‘‰‹œ‡–Šƒ–•‡––‹‰ –Š‡ …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡ƒ––Š‹•Ž‡˜‡Ž™‘—Ž†„‘–Š”‡’”‡•‡–ƒ•‹‰‹ˆ‹ …ƒ– …Šƒ‰‡ˆ”‘–Š‡ …—””‡– Šƒ”‰‡ƒ†ƒ›‹’ƒ …–‡ …‘‘‹ …†‡˜‡Ž‘’‡–‘”‡•‡˜‡”‡Ž›–Šƒ‘–Š‡”ƒ’’”‘ƒ …Š‡•†‹• …—••‡† „‡Ž‘™Ǥ Š‡‹ …”‡‡–ƒŽ …‘•–ƒ’’”‘ƒ …Šǡ‘—–Ž‹‡†‘’ƒ‰‡ʹ‘ˆ–Š‹•”‡’‘”–ǡƒ›„‡ƒ‘”‡’”ƒ …–‹ …ƒ„Ž‡ ƒŽ–‡”ƒ–‹˜‡–‘•‡––‹‰–Š‡”‡˜‹•‡† …ƒ•ŠǦ‹ǦŽ‹‡—˜ƒŽ—‡ǤŠ‹•ƒ’’”‘ƒ …Š™‘—Ž†‡•–ƒ„Ž‹•Š–Š‡ …ƒ•ŠǦ‹Ǧ Ž‹‡— …Šƒ”‰‡ƒ–ƒŽ‡˜‡Ž•—ˆˆ‹ …‹‡––‘•‹’Ž›ˆ—†–Š‡ƒ–‹ …‹’ƒ–‡†ƒ††‹–‹‘•–‘–Š‡™ƒ–‡”•—’’Ž› •›•–‡Ǥ‘‹’Ž‡‡––Š‹•ƒ’’”‘ƒ …Šǡ ™‘—Ž†‡‡†–‘‡•–‹ƒ–‡–Š‡”ƒ™™ƒ–‡””‡“—‹”‡‡–• ˆ‘”ˆ—–—”‡†‡˜‡Ž‘’‡–ǡ‡–‘ˆ–Š‡”‡“—‹”‡‡–•Ž‹‡Ž›–‘„‡‡–ˆ”‘‘Ǧ …ƒ•Š•‘—” …‡•ȋ‡Ǥ‰Ǥ ‘—–•–ƒ†‹‰ …”‡†‹–•ƒ† …”‡†‹–•ˆ‘””‡†‡˜‡Ž‘’‡†’”‘’‡”–‹‡•ȌǤ ™‘—Ž†–Š‡†‹˜‹†‡–Š‡ ’”‘Œ‡ …–‡† …‘•–•ˆ‘” …‘’Ž‡–‹‰–Š‡•›•–‡ȋ„‡–™‡‡̈́͹ʹƒ†̈́ͺͻ‹ŽŽ‹‘’‡” ‹‰—”‡͵Ȍ„›–Š‡ ’”‘Œ‡ …–‡†‡–”ƒ™™ƒ–‡””‡“—‹”‡‡–•–‘‡•–ƒ„Ž‹•Š–Š‡ …ƒ•Š‹Ž‹‡— …Šƒ”‰‡’‡”ƒ …”‡ˆ‘‘–Ǥ Š‡”‡–‹–Š‡‹ …”‡‡–ƒŽ …‘•–ƒ’’”‘ƒ …Š‹•–Š‡”‡ …‘‰‹–‹‘–Šƒ––Š‡‹ …”‡‡–ƒŽ …‘•–•ƒ”‡„‡‹‰ ”‡†— …‡†„›Ž‡˜‡”ƒ‰‹‰–Š‡‡š …‡•• …ƒ’ƒ …‹–›‹–Š‡‡š‹•–‹‰™ƒ–‡””‹‰Š–•’‘”–ˆ‘Ž‹‘–Šƒ–‹•–Š‡”‡•—Ž– ‘ˆ‡ˆˆ‡ …–‹˜‡™ƒ–‡” …‘•‡”˜ƒ–‹‘ˆ”‘‡š‹•–‹‰ …—•–‘‡”•Ǥ••— …Šǡ–Š‡‹ …”‡‡–ƒŽ …‘•–ƒ’’”‘ƒ …Š —†‡”•–ƒ–‡•–Š‡ˆ—ŽŽ …‘•–‘ˆ‡™†‡˜‡Ž‘’‡–„›‘–”‡ …‘‰‹œ‹‰–Š‡˜ƒŽ—‡‘ˆ–Š‡’‘”–‹‘‘ˆ–Š‡ ‡š‹•–‹‰™ƒ–‡””‹‰Š–•’‘”–ˆ‘Ž‹‘™Š‹ …Š™‹ŽŽ„‡Ž‡˜‡”ƒ‰‡–‘•‡”˜‡•— …Š‰”‘™–ŠǤ PAGE 11 ‘ƒ††”‡••–Š‹•—†‡”•–ƒ–‡‡–‘ˆ–Š‡ˆ—ŽŽ …‘•–‘ˆ‡™‰”‘™–Šǡ  …‘—Ž†ƒŽ•‘ …‘•‹†‡”ƒ ‘†‹ˆ‹‡†Dz„—›Ǧ‹dz‘”Š›„”‹†ƒ’’”‘ƒ …ŠǤ†‡”•— …Šƒƒ’’”‘ƒ …Šǡ–Š‡ …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡™‘—Ž† ‹ …Ž—†‡–Š‡‹ …”‡‡–ƒŽ …‘•–‘ˆƒ–‹ …‹’ƒ–‡†ƒ††‹–‹‘•–‘–Š‡•›•–‡ȋƒ•†‡• …”‹„‡†ƒ„‘˜‡ȌȂƒŽ‘‰ ™‹–Šƒƒ††‹–‹‘ƒŽ …Šƒ”‰‡–‘ …ƒ’–—”‡•‘‡‘ˆ–Š‡„‡‡ˆ‹–‡™†‡˜‡Ž‘’‡–™‹ŽŽƒŽ•‘”‡ …‡‹˜‡ˆ”‘ —•‹‰ ǯ•‡š‹•–‹‰™ƒ–‡””‹‰Š–•ƒ†ˆƒ …‹Ž‹–‹‡•Ǥ ‘”‡šƒ’Ž‡ǡ Šƒ•‡•–‹ƒ–‡†–Šƒ–‡™ †‡˜‡Ž‘’‡–™‹ŽŽ—•‡ƒ„‘—–͸ǡʹͲͲƒ …”‡Ǧˆ‡‡–‘ˆ–Š‡ˆ‹”›‹‡Ž†‘ˆ–Š‡‡š‹•–‹‰•›•–‡ȋ’”‹‘”–‘–Š‡ ƒ–‹ …‹’ƒ–‡†•›•–‡ƒ††‹–‹‘•ȌǤŽ–Š‘—‰Š  …‘—Ž†„‡Œ—•–‹ˆ‹‡†–‘ …Šƒ”‰‡ƒ•— …Šƒ––Š‡ˆ—ŽŽ„—›Ǧ ‹˜ƒŽ—‡‘ˆ–Š‡‹–›ǯ•‡š‹•–‹‰•›•–‡ȋ‡Ǥ‰Ǥǡ„‡–™‡‡̈́͵͵ǡͺͲͲƒ†̈́͵ͻǡʹͲͲ’‡”ƒ …”‡Ǧˆ‘‘–Ȍˆ‘”–Š‹• ‡š‹•–‹‰ …‘’‘‡–‘ˆ–Š‡‹”•›•–‡ǡ‹– …‘—Ž† …‘•‹†‡” …Šƒ”‰‹‰Ž‡••ȋ‡Ǥ‰Ǥǡ–Š‡ ǯ•Š‹•–‘”‹ … PAGE 12 Š‡ˆ—ŽŽ„—›Ǧ‹ƒ’’”‘ƒ …Šǡ„ƒ•‡†‘–Š‡‘˜‡”ƒŽŽ˜ƒŽ—‡‘ˆ ǯ•™ƒ–‡””‡•‘—” …‡•ǡ‡•–ƒ„Ž‹•Š‡•–Š‡ ƒš‹—˜ƒŽ—‡’‡”ƒ …”‡Ǧˆ‘‘––Šƒ–  …‘—Ž†—•‡‹•‡––‹‰‹–• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•Ǥ ‹˜‡–Š‡ ”‡Žƒ–‹˜‡Ž›Š‹‰Š˜ƒŽ—‡•–Šƒ–”‡•—Ž–ˆ”‘–Š‡ˆ—ŽŽ„—›Ǧ‹ƒ’’”‘ƒ …Šȋ̈́͵͵ǡͺͲͲ–‘̈́͵ͻǡʹͲͲ’‡”ƒ …”‡Ǧ ˆ‘‘–ǡƒ•†‡• …”‹„‡†‘’ƒ‰‡͹Ȍ …‘’ƒ”‡†–‘–Š‡‡š’‡ …–‡† …Šƒ”‰‡•–Šƒ–™‘—Ž†”‡•—Ž–ˆ”‘–Š‡ ‹ …”‡‡–ƒŽ‘”Š›„”‹†ƒ’’”‘ƒ …Š‡•ǡ‹–‹•‘–Ž‹‡Ž›–‘„‡‡ …‡••ƒ”›ˆ‘” –‘”‡ƒ’’”ƒ‹•‡–Š‡˜ƒŽ—‡ ‘ˆ‹–•ˆ—ŽŽ™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘‘ƒ”‡‰—Žƒ”„ƒ•‹•Ǥ‹ …‡–Š‡’”‹ …‡‘ˆǦ—‹–•‹•–Š‡‘Ž› ˜ƒŽ—‡‹–Š‡‘˜‡”ƒŽŽ™ƒ–‡””‡•‘—” …‡˜ƒŽ—ƒ–‹‘–Šƒ–‹•”‘—–‹‡Ž›—’†ƒ–‡†ƒ†’—„Ž‹ …Ž›ƒ˜ƒ‹Žƒ„Ž‡ǡ ‹‰Š–”‡“—‹”‡ …‘•—Ž–‹‰ƒ••‹•–ƒ …‡‹ˆƒ†™Š‡‹–†‘‡•†‡ …‹†‡–‘—’†ƒ–‡–Š‡‡•–‹ƒ–‡† ˜ƒŽ—‡‘ˆ‹–•‘˜‡”ƒŽŽ™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘Ǥ ‘”–—ƒ–‡Ž›ǡ—’†ƒ–‹‰–Š‡ …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡„ƒ•‡†‘–Š‡‹ …”‡‡–ƒŽ‘”Š›„”‹†ƒ’’”‘ƒ …Š‡•‹• ‡ƒ•‹‡”–Šƒ—’†ƒ–‹‰–Š‡‡•–‹ƒ–‡†˜ƒŽ—‡‘ˆ–Š‡‘˜‡”ƒŽŽ™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘Ǥ†‡”–Š‡ ‹ …”‡‡–ƒŽƒ’’”‘ƒ …Šǡ–Š‡ …ƒ•Š‡“—‹˜ƒŽ‡–˜ƒŽ—‡‹•’”‹ƒ”‹Ž›†‡–‡”‹‡†„› …‘•–‘ˆˆ—–—”‡ ƒ††‹–‹‘•–‘–Š‡•›•–‡ǡ†‹˜‹†‡†„›–Š‡”ƒ™™ƒ–‡””‡“—‹”‡‡–•‡š’‡ …–‡†–‘„‡‡–™‹–Š …ƒ•ŠǦ ‹ǦŽ‹‡—’ƒ›‡–•ǤŠ‡Š›„”‹†ƒ’’”‘ƒ …Š‹•†‡–‡”‹‡†‹ƒ•‹‹Žƒ”ˆƒ•Š‹‘–‘–Š‡‹ …”‡‡–ƒŽ ƒ’’”‘ƒ …Šǡ„—–Œ—•–ƒ††•–Š‡‡š‹•–‹‰˜ƒŽ—‡ …‘’‘‡––‘–Š‡—‡”ƒ–‘”‘ˆ–Š‡‡“—ƒ–‹‘Ǥ ‹• Ž‹‡Ž›–‘ …‘–‹—‡–‘—’†ƒ–‡ƒ†”‡ˆ‹‡–Š‡ …‘•–‡•–‹ƒ–‡•ˆ‘”–Š‡ ƒŽŽ‹‰ƒ‡•‡”˜‘‹”š’ƒ•‹‘ǡ ƒ†‘–Š‡”ƒ–‹ …‹’ƒ–‡†‹ˆ”ƒ•–”— …–—”‡’”‘Œ‡ …–•ǡƒ† …ƒ—•‡–Š‡•‡—’†ƒ–‡†‡•–‹ƒ–‡•–‘—’†ƒ–‡–Š‡ ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡ƒ•‡‡†‡†Ǥ „‡Ž‹‡˜‡•–Š‡ …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•Š‘—Ž†„‡”‡˜‹‡™‡†ƒ†ƒ’’”‘˜‡†„›–Š‡‹–›ǯ• ’‘Ž‹ …›ƒ‡”•‘ƒƒ—ƒŽ„ƒ•‹•ƒ•ƒƒ––‡”‘ˆ•‘—†’‘Ž‹ …›ǡ„—–”‡ …ƒŽ …—Žƒ–‹‘‘ˆ–Š‡ …Šƒ”‰‡ •Š‘—Ž†‘Ž›„‡‡ …‡••ƒ”›‹ˆ–Š‡”‡ƒ’’‡ƒ”–‘„‡•—„•–ƒ–‹ƒŽ …Šƒ‰‡•‹”ƒ™™ƒ–‡””‡“—‹”‡‡–•‘” –Š‡ …‘•–•‘ˆ …‘’Ž‡–‹‰–Š‡•›•–‡Ǥ –‹•™‘”–Š‘–‹‰–Šƒ–ƒ›‘ˆ–Š‡‘–Š‡”™ƒ–‡”’”‘˜‹†‡”•‹–Š‡‘”–Š‡” ”‘–ƒ‰‡•‡–ƒ† ƒ†Œ—•––Š‡‹” …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡•„ƒ•‡†‘–Š‡’”‹ …‡‘ˆǦǤŠ‹Ž‡–Š‹•ƒ›„‡ƒ’’”‘’”‹ƒ–‡ˆ‘” ™ƒ–‡”’”‘˜‹†‡”•™Š‘•‡’”‹ƒ”›•—’’Ž›‹•Ǧǡ™‡†‘‘–„‡Ž‹‡˜‡‹–‹•ƒƒ’’”‘’”‹ƒ–‡ „‡ …Šƒ”ˆ‘” Ǥ —”–Š‡”ǡ–Š‡†™‹†Ž‹‰—„‡”‘ˆǦ—‹–•ƒ˜ƒ‹Žƒ„Ž‡ˆ‘”–”ƒ•ˆ‡”Šƒ• Š‡Ž’‡†ˆ—‡Žƒ”ƒ’‹†‡• …ƒŽƒ–‹‘‹Ǧ’”‹ …‡•‹”‡ …‡–›‡ƒ”•ǡƒ†™‡„‡Ž‹‡˜‡Ǧ’”‹ …‡•ƒ› „‡ …‘‡‹ …”‡ƒ•‹‰Ž›—•–ƒ„Ž‡‹–Š‡ˆ—–—”‡ƒ•–Šƒ–’ƒ”–‹ …—Žƒ”•‘—” …‡‘ˆ•—’’Ž›„‡ …‘‡•‘”‡ ƒ†‘”‡• …ƒ” …‡Ǥ ‹ …‡”‡Ž›ǡ    ‘—‰Žƒ•Ǥ ‡ƒ˜‘• ƒƒ‰‹‰‹”‡ …–‘” PAGE 13 ’’‡†‹šȂ ‘•–‘ˆ„–ƒ‹‹‰‡•‹†‡–‹ƒŽƒ–‡”‡”˜‹ …‡ˆ”‘‘”–Š‡”‘Ž‘”ƒ†‘ƒ–‡””‘˜‹†‡”• ȋˆ”‘ǯ•ʹͲͳͷ•–—†›ˆ‘”‹–›‘ˆ ”‡‡Ž‡›Ȍ  City of Fort Collins Utilities Changes to the Utilities Raw Water Requirements City Council Work Session February 14, 2017 Glossary of Water Resources Terms 1-in-50 Year Drought Criterion - criterion adopted in the current Water Supply and Demand Management Policy that defines the level of risk for the City’s water supply system; a drought is a period of below average runoff that can last one or more years and is often measured by its duration, average annual shortage and cumulative deficit below the average; a 1-in-50 drought corresponds to a dry period that is likely to occur, on average, once every 50 years; although the Poudre River Basin has several drought periods in its recorded history, it is difficult to assess whether any of these droughts were equal in magnitude to a 1-in-50 drought; the 1985 Drought Study developed the 1-in-50 drought used in assessing the Utilities water supply system; this drought period is six years long and has a cumulative deficit of 550,000 acre-feet, which represents annual river volumes that are about 70% of the long-term average for the Poudre River; see also “Statistically Based Drought Analysis” Acre-Foot or Acre-Feet (AF) - volume of water equal to about 326,000 gallons; one acre- foot can supply around three to four single family homes in Fort Collins per year; for storage comparison the maximum volume of Horsetooth Reservoir is about 157,000 acre- feet Active Capacity - the usable capacity of a reservoir for storage and regulation of inflows and releases that does not include any capacity below the reservoir’s lowest outlet (which is known as dead capacity) Cash-in-lieu rate (CIL) - the cash equivalent of the water supply required to meet the needs of development; see also Raw Water Requirements Carryover - used in reference to storage; it is the ability to save water in storage for use at a later time, most notably in following years Change in Water Right - used to refer to changing water rights under Colorado water law from agricultural to municipal water use; see also “Legal Return Flows or Return Flow Obligations” CIP - Capital Improvement Project, which typically refers to a project to improve Utilities facilities (e.g., treatment plant capacity expansion) Colorado-Big Thompson (CBT) Project - a Bureau of Reclamation project that brings water from the Colorado River basin to the east side of the continental divide via a tunnel and the Big Thompson River to several locations including Horsetooth Reservoir; 1 ATTACHMENT 6 operated by the Northern Colorado Water Conservancy District (or Northern Water); Fort Collins Utilities currently owns 18,855 units of the 310,000 total units in the CBT project Cubic Feet per Second (cfs) - volumetric flow rate equal to one cubic foot flowing every second; for comparison, an average peak flow rate on the Poudre River at the Lincoln Street gage (downtown) is around 1,900 cfs and a median winter-time low flow rate in December at the same location is around 7 cfs Direct Flow Rights - water rights that can be taken for direct use, as opposed to storage rights that can be taken for later use; see also “Senior Water Rights” DEIS or EIS - Draft Environmental Impact Statement or Environmental Impact Statement; a report detailing the findings of the NEPA permitting process; report can be reviewed by public for their comments which are typically addressed in a Final Environment Impact Statement; see also “NEPA” ELCO - East Larimer County Water District; see also “Tri-Districts” FCLWD - Fort Collins-Loveland Water District; see also “Tri-Districts” Firm Yield - a measure of the ability of a water supply system to meet water demands through a series of drought years; for the Fort Collins Utilities, this means being able to meet the planning demand level and storage reserve factor through the 1-in-50 year drought criterion; see also “1-in-50 Year Drought Criterion”, “planning demand level” and “storage reserve factor” GMA - short for Growth Management Area, which is the planned boundary of the City of Fort Collins’ future City limits gpcd - gallons per capita per day; a measurement of municipal water use; for the Fort Collins Utilities, gpcd is calculated based on the total annual treated water produced at the Water Treatment Facility for use by all Water Utility customers (minus large contractual customers and other sales or exchange agreements) divided by the estimated population of the Water Utility’s service area and 365 days LEDPA - Least Environmentally Damaging Practicable Alternative, which is what is allowed to be permitted through the NEPA permitting process; see also “NEPA” Legal Return Flows or Return Flow Obligations - refers to legal requirements when changing water rights from agricultural to municipal use; this process requires obtaining a decree from Colorado Water Court that involves detailed analysis of the historic agricultural water use, including the water diversions, amount used by the crops, and the return flow patterns of the water not used by the crops; terms in the decree to prevent municipalities from taking more water than was historically taken and replacing return flows in the right amount, location and time to prevent injury to other water rights 2 NEPA - National Environmental Policy Act; federal legislation that established environmental policy for the nation; it provides interdisciplinary framework for federal agencies to prevent environmental damage and contains “action-forcing” procedures to ensure that federal agency decision-makers take environmental factors into account NISP - Northern Integrated Supply Project Northern Water or NCWCD - short for Northern Colorado Water Conservancy District (NCWCD); Northern Water operates the Colorado-Big Thompson (CBT) Project and is involved in several other regional water projects on behalf of their participants; see also “Colorado-Big Thompson (CBT) Project” NPIC - North Poudre Irrigation Company; an irrigation company that supplies water to farmers north of Fort Collins and is the owner of all water currently stored in Halligan Reservoir; the City currently owns about 36% of the shares in the company NWCWD - North Weld County Water District; see also “Tri-Districts” Planning Demand Level - level of water use (demand) in gpcd used for water supply planning purposes that is a factor in determining the amount of water supplies and/or facilities needed; see also “gpcd” PIF (or PIFs) - Plant Investment Fee(s), which are one-time fees assessed on developments for the cost of the utility infrastructure needed to serve that development Raw Water Requirement (RWR) - requires new development to turn in water rights, a payment of cash-in-lieu of water rights, or use of City-issued water certificates or credits to support the water needs of that development; cash is used to increase the firm yield and long-term reliability of the City’s supply system (e.g., purchase additional storage capacity) Storage Reserve Factor - refers to a commonly used engineering principle in designing water supply systems to address short-term supply interruptions; as defined in the Water Supply and Demand Management Policy, the storage reserve factor incorporates having 20 percent of annual demands in storage through the 1-in-50 drought which equates to about 3.5 months of winter (indoor) demands or 1.5 month of summer demands Senior Water Rights - refers to Colorado water law’s use of the “prior appropriation” or priority system, which dictates that in times of short supply, earlier water rights decrees (senior rights) will get their water before others (junior rights) can begin to use water, often described as “first in time, first in right” Southside Ditches - refers to the irrigation ditches that run through the City of Fort Collins, including the Arthur Ditch, New Mercer Ditch, Larimer County Canal No. 2 and Warren Lake Reservoir; the Pleasant Valley and Lake Canal is another ditch that runs through Fort Collins and is sometimes considered a Southside Ditch 3 Tri-Districts - the combination of the three regional water districts East Larimer County (ELCO), Fort Collins-Loveland (FCLWD) and North Weld County (NWCWD) Water Districts; these districts share the same water treatment plant called Soldier Canyon Filter Plant, which is located adjacent to Fort Collins Utilities’ Water Treatment Facility Water Rights Portfolio - the mix of water rights owned by a water supplier; typically includes water for direct use, as well as for storage for later use; for the Fort Collins Utilities, includes City owned water rights, owned and/or converted shares in agricultural rights, storage rights at Joe Wright Reservoir, and ownership in the CBT project Water Supply Factor - refers to a multiplying factor used in the assessment of raw water required by developers to reflect issues that tend to reduce the average yield of the water supplies provided to a water supplier (e.g., system losses, variable demands, etc.) WSDMP - short for Water Supply & Demand Management Policy, which provides Fort Collins Utilities guidance in balancing water supplies and demands Yield or Water Rights Yield - refers to the amount of water that is produced from a water right; the yield of water rights vary from year to year depending on the amount of water available (i.e., low or high river runoff) and the priority of the water right; see also “Firm Yield” and “Senior Water Rights” 4 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! DRAFT Unapproved Minutes Excerpt Water Board July 20, 2017 Changes to the Utilities Raw Water Requirements (Attachments available upon request) Water Resources Manager Donnie Dustin summarized changes to the Utilities Raw Water Requirements (RWR) and the timeline of public outreach. RWR are the water rights or fee paid by new development to ensure that adequate water supply and associated infrastructure are available to serve the water needs of development; the amount paid is based on use and type of development. Currently RWR can be satisfied with acceptable water rights, cash-in-lieu (CIL) of water rights, city certificates (credits), or a combination. Changes to RWR and CIL have not been made in many years. Staff requests Water Board’s recommendation for approval of proposed changes before seeking adoption by City Council on August 15 and September 5. Staff previously presented this topic to Water Board on October 5, 2016 and to City Council Work Session on February 14, 2017, and has since presented to other City boards and commissions, and to several key stakeholders (e.g. local ditch company boards). Discussion Highlights Board members commented on or inquired about various related topics including: future water supply needs and the cost to increase firm yield for new development; Halligan Reservoir costs and how they relate to future water supply needs; adjustments staff made to the proposal as a result of public outreach, such as delayed implementation and related financial impact; assessments paid to ditch companies; the types of water rights/shares accepted; water supply costs for a typical single family home in Northern Colorado; and methodology for proposed changes. Mr. Dustin, Utilities Strategic Finance Director Lance Smith, Water Resources and Treatment Operations Manager Carol Webb, and Assistant City Attorney Eric Potyondy responded to Water Board members’ questions. Board Member Michael Brown moved that Water Board recommend that City Council adopt the proposed changes to the Utilities Raw Water Requirements, which includes changes to the cash-in-lieu rate. Board Member Kent Bruxvoort seconded the motion. Discussion on the Motion: Board members discussed the staff recommendation to delay implementation to April 1, 2018 and the benefits of a long time frame to address developer concerns. Staff stated that if the proposed changes and April implementation date are adopted by City Council, it should provide adequate time for developers to complete current projects under the current RWR and CIL rate system. For developers that have acquired water rights in anticipation of completing longer-term projects (e.g., Overall Development Plan process or more complex developments), they can dedicate water rights until January 1, 2019 as long as the developers show they were in the City’s development process and that they owned the water rights prior to February 14, 2017 (date of City Council work session on proposed changes). Board members stated concerns about a possible unintended consequence of higher workload on ATTACHMENT 3 City engineers to process a potential rush of permits in a short amount of time, and whether staff is equipped to handle larger amounts of cash and water rights certificates coming in to fulfill RWR. Staff stated that it is well equipped for this eventuality. Vote on the motion: It passed 6-2, with Board Members Jim Kuiken and Phyllis Ortman opposed. Reasons for dissenting votes: Board Members Kuiken and Ortman believe the $40.5 million number is too low of an estimate for the “buy-in” value of the City’s existing water portfolio (used in the calculation for future water supply needs, which is used to determine the CIL rate) and don’t want to set the precedent of not charging the full buy-in cost now. They stated concern about being vulnerable to legal action by developers who might take the stance that previous developers were not charged the full buy-in costs in the past and that the City must stick with its past methodology. Staff responded that BBC Research and Consulting (a consultant hired to review the proposed changes) determined the full buy-in cost to be $33,800 (which was calculated with the current market value of the Utilities existing and future water supply portfolio). Staff further explained that the buy-in component estimated the value of the water that the new development would use and applied the long-term CIL rate of $6,500, which continues to be the current market value of the types of water rights that would be used in the additional storage Utilities is working to acquire. Staff also explained that it has a legal responsibility to only charge for the impact of the new development (as opposed to the full current market value). Social Sustainability 321 Maple Street PO Box 580 Fort Collins, CO 80522 970.221.6758 TO: Carol Webb, Donnie Dustin and Lance Smith, City Water Utilities FROM: Affordable Housing Board DATE: April 19, 2017 RE: Proposed Changes to Raw Water Requirements The Affordable Housing Board very much appreciates your April 6 th , 2017 presentation to the board on the proposed changes to raw water requirements. As you are aware, housing affordability is a major issue in Fort Collins. The costs of utilities is one factor that can affect affordability. The proposed changes to the raw water requirements are a factor that will affect the financial feasibility of qualified affordable housing developments targeted for low-wage earners. The goals of the City’s 2015-2019 Affordable Housing Strategic Plan will be jeopardized if our developer partners cannot produce these units. Currently, most new affordable housing in the City is multi-family construction, which requires less water per unit than single-family homes. In recognition of this utility benefit, as well as the community need for affordable housing, water costs for these developments should not be charged at the same rate as other market-rate developments. The Affordable Housing Board recommends that the City’s water utilities staff present the following options to City Council related to the proposed raw water requirements rate increases: 1. The proposed water rate increase not be applied to any qualified affordable housing development, and that current rates be frozen for this housing type. Since affordable housing production is a small fraction of overall development in the City, we do not feel the City’s overall financial health would be jeopardized by implementing this rate freeze. Perhaps an analysis of a current project such as the Village on Redwood could best illustrate the financial impact of this policy. Or alternatively, 2. That any rate increase phasing be applied to qualified affordable housing last, and not be less than 24 months from the time when rate increases go into effect. 3. In addition, given the increased complexity of funding sources and the increased time needed to acquire them, affordable housing projects take longer to complete than market-rate projects. The Board recommends water rates for new affordable housing developments be locked at the time of the development proposal submission. Investors require developers of affordable housing to lock in their funding sources and budget amounts early in the process, so certainty of actual costs is crucial. It is extremely difficult for these development deals to manage a rate increase mid-process. We appreciate your consideration of these recommendations. The Board would appreciate being kept informed about this issue. ATTACHMENT 4 Finance Administration 215 N. Mason 2nd Floor PO Box 580 Fort Collins, CO 80522 970.221.6788 970.221.6782 - fax fcgov.com Finance Committee Minutes (EXCERPT FOR RAW WATER REQUIREMENTS) 07/11/17 1:30 - 4:00 pm Colorado River Community Room – 222 Laporte Council Attendees: Mayor Wade Troxell, Ross Cunniff, Ken Summers Staff: Darin Atteberry, Mike Beckstead, Jeff Mihelich, John Duval, Travis Storin, John Voss, Tiana Smith, Lawrence Pollack, Andres Gavaldon, Joanne Cech, Lance Smith, Josh Birks, Carrie Daggett, Laurie Kadrich, Helen Matson, Kerri Allison, Sue Beck-Ferkiss, Rachel, Springob, Tyler Marr, Teresa Roche, Joaquin ‘Keen’ Garbiso, Mark Jackson, Kurt Ravenschlag, Michelle Provaznik Others: Kevin Jones (Chamber of Commerce), James Manire (First Southwest), Jim Burke, (Assurance Senior Manager, RSM US LLP) T C. Raw Water / Cash in Lieu Donnie Dustin, P.E., Water Resources Manager Lance Smith, Utilities Strategic Finance Director Carol Webb, Water Resources and Treatment Operations Manager SUBJECT FOR DISCUSSION: Changes to the Utilities Raw Water Requirements EXECUTIVE SUMMARY The purpose of this work session is to provide the Council Finance Committee with an overview of the proposed changes to the Utilities Raw Water Requirement system and associated cash-in-lieu rate, and actions taken by Utilities staff following direction given at the February 14, 2017 City Council work session. Staff will be seeking adoption of these changes at the August 15 and September 5 City Council regular meetings. Utilities staff recommends the following changes:  Adjust Raw Water Requirement (RWR) schedules to reflect recent (lower) water use o Use number of bedrooms for indoor component of residential schedule  Adjust the Cash-in-Lieu (CIL) rate per a hybrid cost approach o Increase CIL rate to $16,700 per acre-foot of requirement  Accept cash, existing City-issued water certificates and credits, North Poudre Irrigation Company shares, and CBT units for RWR satisfaction o No longer allow dedication of other water rights ATTACHMENT 5 2  Review and adjust (if necessary) the CIL rate biennially  Review and adjust (if necessary) the RWR schedules every 5 to 7 years  Implement RWR and CIL rate changes on April 1, 2018  Change Code from “Raw Water Requirements” to “Water Supply Requirements” GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. What questions or feedback does the Council Finance Committee have regarding the proposed changes? 2. Does the Council Finance Committee support these changes and recommend bringing them to the full City Council for adoption? BACKGROUND/DISCUSSION The Raw Water Requirements (“RWR”) are a dedication of water rights or cash-in-lieu of water rights (“CIL”) to ensure that adequate water supply and associated infrastructure are available to serve the water needs of development (including re-development needing increased water service). Changes to the RWR and CIL rate have not been made for many years. Staff presented the proposed changes to the RWR and CIL rate at the February 14, 2017 City Council work session. The material provided for that work session, which contains more detailed information on the background and proposed changes, are included as ATTACHMENT 1. Council direction was to consider delayed implementation of the changes, provide information about the impact on rates to delaying or not implementing the changes, conduct additional public outreach (including to the general public), orient new Councilmembers on the related issues, and provide justification for contingencies embedded in the CIL rate. This report will briefly recap the proposed changes and address the direction given by City Council, as well as highlight the public input received on the proposed changes. Implementation Options Implement all RWR and CIL rate changes on:  October 1, 2017 (8 months after the Feb. 14 City Council Work Session)  April 1, 2018 (a further 6-month delay) o Staff Recommendation: allows time to address developer concerns with minor impact to rate payers  October 1, 2018 (a further 1-year delay) These proposed changes have been incorporated into the pertinent sections of the City’s Municipal Code, which is provided in the attached draft Ordinance (ATTACHMENT 4). Next Steps  Present changes at the July 20 Water Board meeting for their recommendation  Bring changes for adoption at August 15 and September 5 City Council meetings Presented proposed changes at the Council February 14 work session Three main proposed changes: 1) Decrease the RWR to reflect lower water use 3 2) Increase cash-in-lieu rate to $16,700 AF of RWR (current rate is $6,500 AF) 3) Cash Focus - Accepting Cash vs. Water Rights except Colorado Big Thompson (CBT) water CFC Discussion Ross Cunniff regarding the attempted general public outreach; this is not likely to be applicable to a rate payer Mayor Troxell; heard from a developer - potential projection limited to 40% as it relates to its water requirements Donnie Dustin; that was related to the East Larimer County Water District RWR process in which if developers turn in water rights, they only get a certain percentage of the RWR value until they go through the water court process Mayor Troxell; Outreach - could be applicable to Fort Collins-Loveland and East Larimer County Water Districts, which is part of Carol’s Regional Water Collaboration (RWC) discussions Carol Webb; working on RWC strategies and tactics with water requirements a potential focus to better serve growth areas in the GMA Ross Cunniff; we need some legal reading to benefit non rate payers. What is driving reduced consumption? Donnie Dustin; tiered rate structures - people have reduced their use; based on past 3 years – if we don’t make changes these changes the impact will be up to $3.5M in a year in reduced impact fees collected Ross Cunniff; if we lose revenue because we didn’t size tap fees appropriately we could potentially ask all rate payers to make that up which would be highly undesirable. Is an even smaller tap size option being investigated? (tiny houses) Lance Smith; ¾ is the smallest for residential but we could look at smaller - depends on lot size and number of bedrooms - inherit if you are going to achieve savings Donnie Dustin; the current and proposed RWR schedules are based on lot size and size of home such that the RWR is less for a smaller house on a smaller lot Ross Cunniff; this is ready to go - big step forward 1 Changes to the Utilities Raw Water Requirements Donnie Dustin, P.E., Water Resources Manager City Council August 22, 2017 ATTACHMENT 6 HORSETOOTH RESERVOIR 2 Water Impact Fees PLANT INVESTMENT FEES (PIF) DISTRIBUTION WATER TREATMENT TAP FEES (Water Meters) WATER METERS RAW WATER REQUIREMENTS (RWR) Source of Supply (water rights), which includes Storage and Transmission CACHE LA POUDRE RIVER WATER SUPPLY HORSETOOTH RESERVOIR 3 This discussion focuses on Utilities water service area; continued discussions with other districts. Raw Water Requirements What are they? • Water rights or fee paid by new development • Amount based on use, type of development • GOAL: generate adequate funds and water rights to provide reliable water supply 4 5 Amount of Raw Water Required Amount of Raw Water Requirement (RWR) RWR Changes • Service area population +45,000 by 2065 • Water use less than expected (current RWR) • Single-family: 26% less • Multi-family: 39% less • 3/4-inch tap: little change • Larger taps: 18-25% less • Suggest RWR adjustments to reflect changes • Expected RWR ~7,700 acre-feet 6 Residential indoor use better correlated to number of bedrooms 7 Amount Cash-in-of Raw Lieu Water (CIL) Required Rate Future Water Supply Needs How much will it cost to increase firm yield for new development? $63.9M: Infrastructure (e.g., storage) + $25.5M: Future water rights (requires storage) + $40.5M: Value from existing portfolio $129.9M: Total cost to increase firm yield 8 Future supplies would not provide adequate yield without existing portfolio Hybrid Cost Approach • Proposed Cash-in-lieu rate: = $16,700 / AF Current CIL rate = $6,500 / AF ••••• •• •••••• •••• ••••• = 7,$129.800 9• •• Cash-in-lieu Rate 9 10 10 $4,300 $2,800 $9,000 $3,900 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 Single family, 4br, 6,000 sq ft lot Multi-family, 100 units, 3.4 acres Cost per Unit or Tap ($) Fort Collins Utilities: Raw Water Requirement Costs for Typical Residential Developments Status Quo Hybrid Approach Cash-in-lieu (CIL) Rates: Status Quo CIL = $6,500/AF Proposed CIL = $16,700/AF 11 11 $5,900 $19,500 $15,100 $37,800 $0 $10,000 $20,000 $30,000 $40,000 Commercial Tap: 0.75" Commercial Tap: 1.0" Cost per Unit or Tap ($) Fort Collins Utilities: Raw Water Requirement Costs for Typical Commercial Developments Status Quo Hybrid Approach Cash-in-Lieu (CIL) Rates: Status Quo CIL = $6,500/AF Proposed Cost CIL = $16,700/AF $4,300 $9,000 $12,600 $13,500 $14,000 $14,180 $25,000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Status Quo Hybrid Approach Loveland NWCWD Greeley ELCO FCLWD Cost, rounded to nearest $100 ($) Water Supply Costs for A Typical Single Family Home in Northern Colorado 12 12 $19,500 $31,700 $37,800 $62,500 $68,000 $103,100 $111,500 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Status Quo NWCWD Hybrid Approach FCLWD Greeley ELCO Loveland Cost, rounded to nearest $100 ($) Water Supply Costs for 1" Commercial Taps in Northern Colorado 13 13 14 Amount Cash of Focused Raw Water System Required Accepting Cash vs. Water Rights No longer allow dedication of water rights, except Colorado-Big Thompson (CBT) water 15 Focus on infrastructure first Can still acquire water rights Flexibility to pursue other options Storage increases supply with existing (and future) water rights Could include regional aspects Focus on best rights Feb. 14 Council Direction • Consider delayed implementation • Explain rate payer impacts from: • Delayed implementation • Not making these changes • Conduct additional public outreach • Include general public • Provide justification for contingencies • Orient new Councilmembers 16 Outreach • Presentations made to: • Stakeholders: Chamber, Home Builders, ditch companies, key accounts, individual shareholders and developers • Boards/Commissions: Water, Affordable Housing, Economic, Natural Resources • Water Board: recommend adoption of changes • Council Finance Committee: ready for Council consideration • Attempted general public outreach via focus groups • Cancelled due to lack of interest • Fee Working Group on all development fees 17 Outreach summary • Concern with increased housing costs • Explain “buy-in” component of CIL rate • Increased costs to current developments • No longer accepting water rights will • Devalue local shares • Penalize good planning • Affordable Housing Board exceptions • General support from other boards 18 Adjustments Due to Outreach • Recommend delayed implementation • Allow developers to finish projects at current costs • Allow planned water rights dedication (under certain conditions) • Development started and rights acquired before Feb. 14, 2017 19 Potential Revenue Loss • Loss from delayed implementation • 6-months: ~$1.7M loss • 1-year: ~$3.5M loss • $3.5M = 12% of 2016 operating revenues • Revenue loss made up by future rate increases 20 Implementation Options • Implement all RWR and CIL changes on: • October 1, 2017 (immediate) • April 1, 2018 (6-month delay) • October 1, 2018 (1 year delay) • Staff recommends April 1, 2018 • Allows time to address developer concerns 21 Staff Recommendations 1. Adjust RWR schedules based on recent use • Residential based on # of bedrooms 2. Increase CIL rate to $16,700/AF of RWR 3. Cash focused system (and credits) 4. Periodically adjust CIL, RWR 5. Implement all changes April 1, 2018 22 23 -1- ORDINANCE NO.116, 2017 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO MAKE VARIOUS CHANGES RELATED TO THE RAW WATER REQUIREMENTS, TO HEREINAFTER BE KNOWN AS THE “WATER SUPPLY REQUIREMENTS” WHEREAS, the City Council is empowered and directed by Article XII, Section 6, of the City Charter to fix, establish, maintain, and provide for the collection of such rates, fees, or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations of the water utility, as set forth therein; and WHEREAS, the City owns and operates a water utility that provides treated water service to customers with its service area; and WHEREAS, through various water supply furnishing or development programs, the City has historically required that persons desiring new or increased water service from the water utility, among other things, furnish or otherwise provide to the City certain rights to use water or payments of cash-in-lieu thereof in order to offset the impacts of the requested water service, which requirements are currently set forth in Sections 26-129, 26-147, 26-148, 26-149, and 26- 150 of the Code of the City of Fort Collins as the raw water requirements (“RWR”), and referenced in Sections 2-436, 26-74, 26-94, 26-207, 26-632, 26-651 and 26-653; and WHEREAS, City staff has historically reviewed the water supply furnishing or development requirements periodically to ensure that the rights to use water and cash payments received by the City are sufficient; and WHEREAS, City staff has completed a comprehensive and thorough review of the RWR and has determined that various changes thereto are necessary to ensure that, among other things, the impacts of new and increased water service are offset and that the water utility has sufficient water supplies and infrastructure to serve customers of the water utility with an adequate level of service; and WHEREAS, the City Manager and City staff have recommended to the City Council that the following changes be made, which include, but are not limited to, renaming the RWR as the “Water Supply Requirements” and changing the functions of the Water Board to no longer include determination of raw water conservation factors. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS, as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That Section 2-436 of the Code of the City of Fort Collins is hereby amended to read as follows: -2- Sec. 2-436. - Creation and purposes. . . . (b) The purposes of the Board shall be to advise the City Council in matters pertaining to water, wastewater and stormwater utility policy issues and to act as a quasi- judicial body relating to certain matters. These matters shall include, without limitation, the following: (2) To act as a quasi-judicial body relating to floodplain regulation variances, stormwater fee disputes, determining raw water conversion factors and storm drainage design criteria variances; . . . Section 3. That Section 26-74 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-74. - Conditions for granting permits. A permit will be granted if all of the following conditions are met: . . . (3) The new or additional use of water will not adversely impact water users within the City limits and the applicant has satisfied all raw water supply requirements imposed by this Article; . . . Section 4. That Section 26-94 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-94. - Individual service lines for each building required. . . . (4) Plant investment fees, raw water supply requirements and any other applicable charges required in connection with the additional building to which service is to be provided shall be remitted as provided in this Article. For a carriage house, additional plant investment fees and raw water supply requirements, as well as monthly meter rates and any other water-related charges, shall be determined based on the addition of a new dwelling unit on the property; and . . . -3- Section 5. That Section 26-129 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-129. - Schedule D, miscellaneous fees and charges. The following fees and service charges shall be paid by water users, whether inside or outside the City limits: (a) Connection fees and service charges shall be as set forth in Subsection 26-712(b). (b) The fire hydrant fees and charges shall be as follows: (1) For installation of meter Per meter $43.00 (2) For removal of meter Per meter $43.00 (3) For daily rental for meter and fittings Per meter $8.60 (4) For water service Per 1,000 gallons $6.00$10.349 A deposit may be required in the amount of the charges for the anticipated water usage and rental. (c) The fees and requirements for raw water supply shall be as follows (1) To satisfy raw water requirements (RWR) Water Supply Requirement (WSR) with in-lieu cash payments Per acre-foot of RWR WSR $6,500.0016,700.00 (2) Excess water use surcharge assessed on commercial and irrigation taps when water use is in excess of the applicable annual allotment Per 1,000 gallons $3.067.86 (3) The annual water allotment, based on the minimum RWR WSR shall be as follows: Meter Size (inches) Annual Allotment (gallons/ year) -4- ¾ 293,270294,050 1 977,550738,250 1½ 1,955,1101,539,060 2 3,128,1702,577,610 Above 2 325,851 gallons per acre foot RWR of WSR . . . Section 6. That Section 26-147 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-147. - Grant of water rights; required. All owners of premises requesting original water service from the City shall, before being granted a water service permit, satisfy the assessed raw water requirement (RWR) Water Supply Requirements (WSR) as determined in this Division without cost to the City. The raw water requirements are WSR is as provided in this Division. Section 7. That Section 26-148 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-148. - Raw water requirement (RWR)Water Supply Requirement (WSR); residential service. (a) Residential service for RWR WSR shall include single-family, duplex, multi- family and mobile home, and multi-family dwelling units. (1) For residential service to single family, duplex, and mobile home dwelling units, Tthe formula to calculate the WSR shall be: RWR WSR = 1.92 × [(.18 × Number of Dwelling Units) + (1.2 × Net Acres)] 1.92 x [(7.048 x Lot Size) + (12,216.9 x Bedrooms)] / 325,851 Where: RWR WSR = Raw water requirement Water Supply Requirement in acre-feet. Net acres Lot Size = Area of development the parcel for which water service is requested, in acres square feet, excluding public street rights-of-way, City- maintained tracts and rights-of-way, ditches, railways or other areas -5- typically maintained by persons other than the owner of the premises or an agent of the owner. For a single-family residential lot greater than one-half acre in size, the lot size shall be deemed to be one-half acre for the purpose of this raw water requirement calculation. Bedrooms Number of bedrooms on the parcel for which water service is requested, as determined by the City. (2) For residential service to multi-family dwelling units (greater than 2 dwelling units), the formula to calculate the WSR shall be: WSR = 1.92 x [(9.636 x Lot Size) + (13,592.8 x Bedrooms)] / 325,851 Where: WSR = Water Supply Requirement in acre-feet. Lot Size = Area of the parcel for which water service is requested, in square feet, excluding public street rights-of-way, City-maintained tracts and rights-of-way, ditches, railways or other areas typically maintained by persons other than the owner of the premises or an agent of the owner. Bedrooms Number of bedrooms on the parcel for which water service is requested. (b) In the event an applicant applying for a residential water service permit has, prior to March 1, 1984, surrendered water rights or otherwise satisfied the requirements of the City under an earlier water supply furnishing or development program, then the RWR WSR for that property will be considered satisfied under this Section. Section 8. That Section 26-149 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-149. - Raw water requirement Water Supply Requirement (WSR); nonresidential service. (a) Nonresidential service for WSR shall apply to all services not included in the residential category and shall include, without limitation, all service to customers for: commercial,; industrial,; public entity,; group housing, such as nursing homes, fraternities,; hotels and motels,; and mixed-use customers purposes. (b) The minimum RWR WSR for water meters up to two and zero tenths (2.0) inches in diameter are as follows: Meter Size (inches) RWR (acre-feet) ¾ .90 1.0 3.002.27 1.5 6.004.72 2.0 9.607.91 -6- (c) The RWR WSR for customers requiring a meter larger than two and zero tenths (2.0) inches, and for customers requiring two (2) or more meters, shall be determined by multiplying the applicant's estimate of peak annual use, or the total annual allotment for the meter or meters, whichever is greater, by one and ninety-two one-hundredths (1.92), provided that such estimate is first approved and accepted by the Utilities Executive Director. (d) Upon application for a water service permit after March 1, 1984, each applicant who is a nonresidential user shall be assigned an annual allotment of water equal to the greater of: the RWR WSR as determined pursuant to this Section;and any RWR WSR that was satisfied at the time of application for nonresidential water service; any increased annual allotment pursuant to Subsection (g) below; and the volume of the water furnishing requirement of the City under an earlier water supply furnishing or development program, as determined by the City. Further, in the event that, pursuant to Subsection (f) below, a nonresidential user submits more raw water than required under the provisions of this Subsection, then the annual allotment shall be determined pursuant to said Subsection (f). When a user uses more water than the annual allotment, as determined by monthly billing records in a given calendar year, an Excess Water Use Surcharge in the amount prescribed in § 26-129 will be assessed on the volume of water used in excess of the annual allotment. (e) In the case where existing water service to a property is being changed or a new water service permit is being issued, the utility shall assign an annual allotment and credit the nonresidential user towards the new water service permit as follows. If an annual allotment has been assigned, the credit towards the new water service shall be for the amount of the annual allotment for the property. If the existing credit towards the new water service is greater than the annual allotment to be assigned for the new water service permit, no cash refund or water certificates issued by the City shall be provided to the applicant. If no annual allotment has been assigned, the credit towards the new water service shall be the amount prescribed in § 26-129 for the existing meters serving the property. The credit authorized under this subsection is not transferrable. (ef) In the event an applicant applying for a nonresidential water service permit has, prior to March 1, 1984, surrendered water rights or otherwise satisfied the requirements of the City under an earlier water supply furnishing or development program, then the minimum RWR WSR for that property shall be considered satisfied under this Section. However, such nonresidential user shall be subject to the Excess Water Use Surcharge when the annual allotment is exceeded. (fg) A nonresidential user may increase said user's annual allotment by submitting, water rights, City certificates or cash in addition to the minimum required, water rights, water certificates issued by the City, or cash in the amount prescribed in § 26-129 for each acre-foot of WSR. Such submission, if made on or before December 31, 2007, shall be deemed to raise the user's annual allotment by an equivalent amount. Such submission, if made after December 31, 2007, shall raise the user's annual allotment by the amount of equivalent water rights submitted in acre-feet divided by one and ninety-two one- -7- hundredths (1.92). Any increase of a user’s annual allotment will be applied to subsequent billing and other matters and shall not be applied retroactively. (gh) Notwithstanding any other provisions of this Division, water certificates issued by the City under the Agreement, dated May 10, 1971, between the City and the Josh Ames Ditch Company, shall be subject to the following: (1) If such certificates are used to meet the RWR WSR upon the annexation of land into the City, each certificate shall be accepted by the City as fulfilling the RWR WSR in the ratio of one certificate for each one-eighth (1/8) acre of land annexed, and if nonresidential service to the annexed land is requested, an annual allotment shall be imposed that is equal to the applicant’s estimate of peak annual use on the annexed land, provided that such estimate does not exceed the amount of water, as determined by the Utilities Executive Director, that can reasonably be delivered through the number and size of taps in the water service permit issued for the annexed land, that such estimate is based on the applicant’s documented intended use(s) of the annexed land, and that such estimate is first approved and accepted by the Utilities Executive Director. For the purposes of this subsection, “upon the annexation of land into the City” refers to the one hundred (100) day period beginning on the day the ordinance of annexation is approved by Council on second reading. . . . (hi) Applicants seeking a temporary water connection under Subsection 26-120(e)(1) shall meet the RWR modified WSR as set forth in this Subsection and Subsection 26- 150(a)(4) and shall be assigned an annual allotment as set forth in this Subsection. The RWR modified WSR for such applicants shall be three times the maximum estimated amount of water that would be applied to the subject native vegetation during one irrigation season, as determined by the Utilities Executive Director. The annual allotment shall for such applicants shall be the maximum estimated amount of water that would be applied to the subject native vegetation during one irrigation season, as determined by the Utilities Executive Director. Section 9. That Section 26-150 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-150. - Raw water requirementsWater Supply Requirement (WSR); satisfaction. (a) The RWR WSR imposed pursuant to this Division may be satisfied by one (1) or more of the following methods: (1) Transfer to the City the following rights to be accepted at the following rates: -8- Colorado-Big Thompson units 1.0 acre foot per unit North Poudre Irrigation Company shares 4.0 acre feet per share Water rights acceptable to the City may be transferred to the City. The Water Board determines which water rights are acceptable to the City and determines the appropriate conversion factors to be used in determining the yield from each of the acceptable sources. The determinations of the board are final and conclusive. (2) Water certificates issued by the City may be submitted in satisfaction of the RWR. Submittal to the City water certificates issued by the City. The value of each certificate shall be as stated on the face of the certificate and pursuant to § 26-149(gh), if and to the extent applicable. (3) A cash payment in the amount prescribed in § 26-129 for each acre-foot of RWR may be made to the City.Payment of cash in the amount prescribed in §26- 129 for each acre-foot of WSR. (4) Applicants seeking a temporary water connection under Subsection 26- 120(e)(1) shall meet the RWR by a payment to Utilities in the amount of six dollars and zero cents ($6.00) per one thousand (1,000) gallons.For applicants seeking a temporary water connection under Subsection 26-120(e)(1), payment of cash to Utilities in the amount stated for water service in §26-129(b)(4). (5) Transfer to the City of the rights identified in this Subsection (5), provided that the applicant meets the requirements of this Subsection (5). On or before January 1, 2019, the applicant must submit an application for a water service permit together with a request to submit rights to meet the WSR pursuant to this Subsection (5), which shall include proof, to the satisfaction of the Utilities Executive Director, that the applicant: has owned the rights intended to be transferred to the City since February 14, 2017; has been pursuing plans to develop property in the Utilities water service area as evidenced a complete application for an overall development plan, project development plan, change of use, or major amendment submitted to the City on or before February 14, 2017; and acquired said rights for the purpose of meeting the City’s water furnishing requirements for said property as set forth in an affidavit. If such a request is approved, the rights approved to satisfy the WSR for said property shall not be transferred to another property. The water rights that may be transferred to the City pursuant to Subsection (5) and the conversion factors are as follows: Arthur Irrigation Company shares 3.442 acre feet per share Colorado-Big Thompson units 1.0 acre foot per unit Larimer County Canal No. 2 Irrigating Company shares 42.687 acre feet per shares New Mercer Ditch Company shares 30.326 acre feet per share North Poudre Irrigation Company shares 4.0 acre feet per share Pleasant Valley and Lake Canal Company 39.74 acre feet per share -9- shares Warren Lake Reservoir Company shares 10 acre feet per share (b) The satisfaction of the minimum RWR WSR shall be made no later than the time of issuance of the water service permit. An owner of water rights or City-issued water certificates issued by the City may submit acceptable water rights and/or City-issued water certificates them to the City, together with an application for a water service permit, and will be credited accordingly for raw water value to satisfy, in whole or in part, on the assessed RWR WSR on such application for a water service permit. Once the water rights or City-issued water certificate issued by the City and water right have been designated to satisfy the RWR WSR, or the requirements of the City under an earlier water supply furnishing or development program for water service, for a particular premises, they shall not be transferred to another property. (c) In no case shall the fact that a portion of a property was previously served with City water excuse the furnishing of water rights WSR when new water service is requested for other portions of the same property. In the event that a water user is required to apply for an additional water service permit under the provisions of this Article for premises already connected to the water utility, the user shall also be required to satisfy any increase in the assessment of RWR WSR that results from the change in use or status, prior to the issuance of the new permit. Section 10. That Section 26-207 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-207. - Terms and abbreviations. The following terms and abbreviations when used in this Article shall have the meanings ascribed to them in this Section: . . . (2) Abbreviations : . . . nm. SIC shall mean standard industrial classification; on. SPIF shall mean sewer plant investment fee; po. SWDA shall mean Solid Waste Disposal Act, 42 U.S.C. § 6901 et seq.; qp. TOC shall mean total organic carbon; rq. TSS shall mean total suspended solids; sr. TTO shall mean total toxic organics; and ts. U.S.C. shall mean United States Code. mt. RWR WSR shall mean raw water supply requirements; -10- Section 11. That Section 26-632 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-632. - Deferral of fees. With respect to any dwelling unit which is contained within or which constitutes an affordable housing project as defined in § 26-631, the Water Plant Investment Fee ("WPIF"), Sewer Plant Investment Fee ("SPIF"), Stormwater Plant Investment Fee, the Raw Water Supply Requirement In-lieu Cash Payment, and the Electric Development Fees and Charges, as established in this Chapter, shall, upon the request of the applicant, be deferred until the date of issuance of a certificate of occupancy (whether temporary or permanent) for such unit(s) or until the first day of December of the year in which the deferral was obtained, whichever first occurs. Notwithstanding any provision in this Chapter to the contrary, in the event that, during the period of deferral, the amount of the deferred fee is increased by ordinance of the City Council, the fee rate in effect at the time of the issuance of the building permit shall apply. At the time of application for any such deferral, the applicant shall pay to the City a fee in the amount of fifty dollars ($50.00) to partially defray the cost of administration. No person shall knowingly make any false or misleading statement of fact in order to obtain any deferral of fees under this Section. Section 12. That Section 26-651 of the Code of the City of Fort Collins is hereby amended to read follows: Sec. 26-651. - Conditions for furnishing service within growth management area. . . . (b) New utility service may be furnished to property which is outside of the City limits and within the Growth Management Area if the Utilities Executive Director determines that the provision of such service is consistent with the relevant utility master plan documents and is in the best interests of the City, the City's utilities and the relevant utility, and if the following conditions are met: (1) The utility concerned has surplus capacity over the immediate requirements for service within the City and the applicant has satisfied any raw water supply requirement assessed against property to be served with City water; . . . Section 13. That Section 26-653 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-653. - Permit is revocable; agreement of user. (a) So long as a property served is outside the City, any permit for utility services issued under this Article is revocable and the utility concerned will supply service only to -11- the extent that it has surplus capacity over the requirements for service within the City and only so long as the permittee is in compliance with and abides by the conditions of the permit, including but not limited to all requirements of this Code applicable to utility service. The use of City water under this Article does not constitute a relinquishment of any water or water rights by the City. The City reserves and retains full dominion and control over its water and water rights and their use. Upon revocation of a water service permit for water use outside the City and the permanent disconnection of water service, the City shall remit such raw water supply as has been previously surrendered to the City by the outside-City user. . . . Introduced, considered favorably on first reading, and ordered published this 22nd day of August, A.D. 2017, and to be presented for final passage on the 5th day of September, A.D. 2017. __________________________________ Mayor ATTEST: _______________________________ Interim City Clerk Passed and adopted on final reading on the 5th day of September, A.D. 2017. __________________________________ Mayor ATTEST: _______________________________ Chief Deputy City Clerk ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! INTERSTATE 25 S SHIELDS ST S COLLEGE AVE S TAFT HILL RD E VINE DR S TIMBERLINE RD LAPORTE AVE E PROSPECT RD S LEMAY AVE E DOUGLAS RD W DRAKE RD STATE HIGHWAY 392 N OVERLAND TRL E MULBERRY ST E DRAKE RD S COUNTY ROAD 5 COUNTY ROAD 54G N US HIGHWAY 287 N SHIELDS ST W MULBERRY ST W PROSPECT RD S OVERLAND TRL E COUNTY ROAD 30 ZIEGLER RD W TRILBY RD E HORSETOOTH RD N COUNTY ROAD 23 W COUNTY ROAD 38E CARPENTER RD S COUNTY ROAD 23 E LINCOLN AVE N TAFT HILL RD E COUNTY ROAD 38 W HORSETOOTH RD TURNBERRY RD W ELIZABETH ST N LEMAY AVE TERRY LAKE RD S COUNTY ROAD 19 N COUNTY ROAD 5 S CENTENNIAL DR GREGORY RD GIDDINGS RD W LAUREL ST KECHTER RD S US HIGHWAY 287 E COUNTY ROAD 54 E COUNTY ROAD 52 / Fort Collins Area Water Districts 0 0.5 1 2 3 4 5 Miles Water Districts East Larimer County Water District Fort Collins Loveland Water District Fort Collins Utilities (Water) Sunset Water District West Fort Collins Water District ! ! City Limits GMA Major Streets Railroads Figure Updated: 9/23/2015 ATTACHMENT 2  Šƒ”‰‡‘ˆ̈́͸ǡͷͲͲ’‡”ƒ …”‡Ǧˆ‘‘–Ȍǡ™Š‹ …Š™‘—Ž†”‡•—Ž–‹ƒƒ††‹–‹‘ƒŽ …Šƒ”‰‡–‘‡™†‡˜‡Ž‘’‡– ˆ‘”—•‡‘ˆ–Š‡‡š‹•–‹‰™ƒ–‡””‹‰Š–••›•–‡‘ˆƒ’’”‘š‹ƒ–‡Ž›̈́ͶͲǤͷ‹ŽŽ‹‘ǤŠ‡ƒ††‡†–‘–Š‡ ‹ …”‡‡–ƒŽ …‘•–•ˆ‘”•›•–‡ƒ††‹–‹‘•ƒ–‹ …‹’ƒ–‡†„› ǡ–Š‡ …‘„‹‡†ƒ‘—–‘ˆ”‡˜‡—‡–‘ „‡”‡“—‹”‡†—†‡”–Š‹•Š›„”‹†ƒ’’”‘ƒ …Š™‘—Ž†„‡„‡–™‡‡̈́ͳͳʹǤͲƒ†̈́ͳʹͻǤͻ‹ŽŽ‹‘Ǥƒ•‡†‘ ǯ•—’†ƒ–‡†‡•–‹ƒ–‡‘ˆ–Š‡™ƒ–‡””‡“—‹”‡‡–•–‘•‡”˜‡ˆ—–—”‡‡™†‡˜‡Ž‘’‡–ȋ͹ǡͺͲͲ Ȍǡ –Š‡”‡˜‹•‡†  …Šƒ”‰‡—†‡”–Š‹•˜‡”•‹‘‘ˆƒŠ›„”‹†ƒ’’”‘ƒ …Š™‘—Ž†„‡„‡–™‡‡̈́ͳͶǡͶͲͲƒ† ̈́ͳ͸ǡ͹ͲͲ’‡”ƒ …”‡Ǧˆ‘‘–‘ˆ”ƒ™™ƒ–‡””‡“—‹”‡‡–•Ǥ Figure 4. Potential Cash-in-Lieu Charges based on Alternative Approaches  Notes: * Based on projected average RWR of 0.54 acre-feet per new home. Updating FCU’s cash-in-lieu charges in the future. ••—‹‰ ‹’Ž‡‡–•–Š‡ ‘†‹ˆ‹‡†Dz„—›Ǧ‹dz‘”Š›„”‹†ƒ’’”‘ƒ …ŠŒ—•–†‡• …”‹„‡†ǡ‘”ƒ•‹‹Žƒ””‡˜‹•‹‘–‘‹–• …—””‡– …Šƒ”‰‡•ǡ ‹–™‹ŽŽŽ‹‡Ž›™‹•Š–‘—’†ƒ–‡–Š‘•‡ …Šƒ”‰‡•‘”‡ˆ”‡“—‡–Ž›–Šƒ‹–Šƒ•†‘‡‹–Š‡’ƒ•–Ǥ Š‡”‡ƒ”‡„ƒ•‹ …ƒŽŽ›–™‘ˆ—†ƒ‡–ƒŽ‡Ž‡‡–•–‘–Š‡’”‘’‘•‡† …Šƒ”‰‡„ƒ•‡†‘–Š‡‹ …”‡‡–ƒŽ ‘”Š›„”‹†ƒ’’”‘ƒ …Š‡•†‹• …—••‡†ƒ„‘˜‡Ȅ–Š‡”ƒ™™ƒ–‡””‡“—‹”‡‡–•ȋ˜‘Ž—‡‘ˆ™ƒ–‡” ”‡“—‹”‡†Ȍƒ†–Š‡ …ƒ•Š‡“—‹˜ƒŽ‡–˜ƒŽ—‡Ǥ„‡Ž‹‡˜‡•–Š‡”ƒ™™ƒ–‡””‡“—‹”‡‡–‡Ž‡‡– •Š‘—Ž†„‡”‡˜‹‡™‡†‡˜‡”›ˆ‹˜‡–‘–‡›‡ƒ”•–‘†‡–‡ …–ˆ—†ƒ‡–ƒŽ …Šƒ‰‡•‹™ƒ–‡”—•ƒ‰‡ ’ƒ––‡”•Ǥ‘”‡ˆ”‡“—‡–”‡˜‹‡™•ƒ›‘–„‡’”‘†— …–‹˜‡ǡ†—‡–‘–Š‡‹‡˜‹–ƒ„Ž‡˜ƒ”‹ƒ„‹Ž‹–›‹›‡ƒ” –‘›‡ƒ”™ƒ–‡”—•‡†—‡–‘ …Šƒ‰‹‰•—‡”™‡ƒ–Š‡” …‘†‹–‹‘•Ǥ "Buy-In" Incremental Modified "Buy-in" Approach Approach or "Hybrid" Approach Value per Acre-foot Minimum $33,800 $9,200 $14,400 Maximum $39,200 $11,500 $16,700 Average Value per New Home* Minimum $18,300 $5,000 $7,800 Maximum $21,200 $6,200 $9,000 ˜‘Ž—‡Ǥ‘”–Š‡”‘Ž‘”ƒ†‘™ƒ–‡”’”‘˜‹†‡”•—•‹‰–Š‹•ƒ’’”‘ƒ …Š ‹ …Ž—†‡†”‘‘ˆ‹‡Ž†ǡƒ …‘‘ǡƒ–‘ǡ”‹‡ǡ˜ƒ•ǡ ‘”–‘ŽŽ‹•Ǧ‘˜‡Žƒ†ƒ–‡”‹•–”‹ …–ǡ ‘”– —’–‘ǡ ”‡†‡”‹ …ǡ ‘Š•–‘™ǡƒˆƒ›‡––‡ǡ‡ˆ– ƒ†ƒ–‡”‹•–”‹ …–ƒ†‡˜‡”ƒ …‡Ǥ Requirement based on number of units and lot size. ǡƒŽ‘‰™‹–Š–Š”‡‡‘–Š‡”‘”–Š‡” ‘Ž‘”ƒ†‘™ƒ–‡”’”‘˜‹†‡”•ǡˆƒ …–‘”‹„‘–Š–Š‡—„‡”‘ˆ†™‡ŽŽ‹‰—‹–•ƒ†–Š‡‹”Ž‘–•‹œ‡–‘ †‡–‡”‹‡–Š‡™ƒ–‡”†‡†‹ …ƒ–‹‘”‡“—‹”‡‡–•Ǥ’ƒ”–ˆ”‘ ǡ–Š‡’”‘˜‹†‡”•—•‹‰–Š‹• ƒ’’”‘ƒ …Š™‡”‡ ‹”‡•–‘‡ǡ‘˜‡Žƒ†ƒ†‘”–Š‡Ž†‘—–›ƒ–‡”‹•–”‹ …–Ǥ™‘‘ˆ–Š‡ ’”‘˜‹†‡”•ȋ ‹”‡•–‘‡ƒ†‘”–Š‡Ž†‘—–›ƒ–‡”‹•–”‹ …–Ȍ•’‡ …‹ˆ›–Š”‡‡‘”‘”‡”ƒ‰‡• ‘ˆŽ‘–•‹œ‡•™‹–Š†‹ˆˆ‡”‹‰™ƒ–‡”†‡†‹ …ƒ–‹‘”‡“—‹”‡‡–•ˆ‘”‡ƒ …Š”ƒ‰‡Ǥ‘˜‡Žƒ†—•‡•ƒ ˆ‘”—Žƒ‘”‡•‹‹Žƒ”–‘ •ǡ„—–™‹–Š†‹ˆˆ‡”‡– …‘‡ˆˆ‹ …‹‡–•ˆ‘”Ž‘–•„‡Ž‘™‘”ƒ„‘˜‡ͳͷǡͲͲͲ •“—ƒ”‡ˆ‡‡–Ǥ ‘”–‘ŽŽ‹•Šƒ•”‡ …‡–Ž›†‡ …‹†‡†–‘•™‹– …Šˆ”‘–Š‡—„‡”‘ˆ—‹–•–‘–Š‡—„‡”‘ˆ„‡†”‘‘• ‹‡•–ƒ„Ž‹•Š‹‰–Š‡‹”™ƒ–‡”†‡†‹ …ƒ–‹‘”‡“—‹”‡‡–•Ǥ› …‘•‹†‡”‹‰–Š‡—„‡”‘ˆ„‡†”‘‘• ƒ†Ž‘–•‹œ‡•ǡ–Š‡ƒ’’”‘ƒ …Š—•‡†„› ȋ•‹‹Žƒ”–‘–Š‡‘–Š‡”–Š”‡‡’”‘˜‹†‡”•‡–‹‘‡†‹–Š‡ Žƒ•–„—ŽŽ‡–ƒ„‘˜‡™Š‹ …Š‹ …Ž—†‡—„‡”‘ˆ—‹–•ƒ†Ž‘–•‹œ‡Ȍ‡š’Ž‹ …‹–Ž›”‡ …‘‰‹œ‡•–Š‡•‡’ƒ”ƒ–‡ ‹†‘‘”ƒ†‘—–†‘‘”ƒ•’‡ …–•‘ˆ”‡•‹†‡–‹ƒŽ™ƒ–‡”—•‡Ǥ ‘—”˜‹‡™ǡ–Š‹•ƒ’’”‘ƒ …Š–‘†‡–‡”‹‹‰ –Š‡™ƒ–‡”†‡†‹ …ƒ–‹‘”‡“—‹”‡‡–‹•–Š‡‘•– …‘ …‡’–—ƒŽŽ›•‘—†‘ˆ–Š‡–Š”‡‡„ƒ•‹ …‡–Š‘†•Ǥ ͶŠ‡–Š”‡‡ …‘—‹–‹‡•–Šƒ–†‘‘–Ž‡˜›ƒ•’‡ …‹ˆ‹ …™ƒ–‡”†‡†‹ …ƒ–‹‘Ȁ …ƒ•ŠǦ‹ǦŽ‹‡—ˆ‡‡™‡”‡‘—Ž†‡”ǡ‡–”ƒŽ‡Ž†‘—–› ƒ–‡”‹•–”‹ …–ƒ†‘—‹•˜‹ŽŽ‡Ǥ ‘™‡˜‡”ǡ–Š‡•‡–Š”‡‡ …‘—‹–‹‡•ƒŽ•‘Ž‡˜‹‡†–Š‡Š‹‰Š‡•–’Žƒ–‹˜‡•–‡–ˆ‡‡•ȋ •Ȍˆ‘”‡™ ”‡•‹†‡–‹ƒŽ™ƒ–‡”•‡”˜‹ …‡‹–Š‡”‡‰‹‘Ȃ•—‰‰‡•–‹‰–Š‡›ƒ”‡”‡ …‘˜‡”‹‰™ƒ–‡””‡•‘—” …‡Ǧ”‡Žƒ–‡† …‘•–•–Š”‘—‰Š–Š‡‹” •Ǥ ͷ‘‡‘ˆ–Š‡•‡’”‘˜‹†‡”•†‘†‹•–‹‰—‹•Š„‡–™‡‡ͷȀͺdz–ƒ’•ƒ†Χdz–ƒ’•ǡ™Š‹ …Š …‘—Ž†„‡ƒ••‘ …‹ƒ–‡†™‹–Š†‹ˆˆ‡”‡ …‡•‹Ž‘–•‹œ‡Ǥ  ƒ†•—’’Ž‹‡•Ȍ‘ˆ̈́͹ǡͷͲͲ’‡”ƒ …”‡ˆ‘‘–‘ˆ ƒ˜‡”ƒ‰‡ƒ—ƒŽ›‹‡Ž†ȋ”ƒ–Š‡”–Šƒ–Š‡̈́ͷǡͲͲͲ’‡”ƒ …”‡ˆ‘‘–‡•–‹ƒ–‡—•‡†–‘†‡”‹˜‡–Š‡‹‹— ˜ƒŽ—‡‡•–‹ƒ–‡ȌǤ ‘”–Š‡ˆ—–—”‡•›•–‡ƒ††‹–‹‘•ǡ™‡‹ …Ž—†‡†ƒʹͷ’‡” …‡– …‘–‹‰‡ …›ˆƒ …–‘”‘–Š‡’”‘Œ‡ …–‡† ‘•–•ˆ‘”‹ˆ”ƒ•–”— …–—”‡ƒ†™ƒ–‡”•—’’Ž›ƒ††‹–‹‘•–‘–Š‡™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘ȋ‡Ǥ‰Ǥ ƒŽŽ‹‰ƒ ‡•‡”˜‘‹”‡š’ƒ•‹‘ǡƒƒ‰‡‡–”‘Œ‡ …–ǡ”‹˜‡”‡ƒ•—”‡‡–ƒ†„›Ǧ’ƒ••ˆƒ …‹Ž‹–‹‡•ƒ† •‡Ž‡ …–‡†™ƒ–‡””‹‰Š–•ƒ …“—‹•‹–‹‘•ȌǤ ‹–Š–Š‡•‡‘†‹ˆ‹‡†ƒ••—’–‹‘•ǡ™‡†‡”‹˜‡ƒ’‘–‡–‹ƒŽƒš‹—˜ƒŽ—‡ˆ‘”–Š‡—Ž–‹ƒ–‡™ƒ–‡” ”‡•‘—” …‡’‘”–ˆ‘Ž‹‘‘ˆƒ„‘—–̈́ͳǤͷͳ„‹ŽŽ‹‘ǡƒ••Š‘™‹ƒ„Ž‡ʹǤ ””‹‰ƒ–‹‘‘’ƒ›ǡƒ”‹‡”‘—–›ƒƒŽ‘Ǥʹǡ–Š‡‡™ ‡” …‡”‹– …Š‘’ƒ›ǡƒ†–Š‡ƒ””‡ƒ‡‡•‡”˜‘‹”‘’ƒ›Ǥ Š‹Ž‡‹•‘–ƒ™ƒ”‡‘ˆƒ›”‡ …‡––”ƒ•ƒ …–‹‘•‹˜‘Ž˜‹‰ƒ›‘ˆ–Š‡•‡•—’’Ž›•‘—” …‡•ǡ™‡ „‡Ž‹‡˜‡–Š‡˜ƒŽ—‡‘ˆ–Š‡•—’’Ž›ˆ”‘–Š‡‡—•‡Žƒƒ›„‡”‘—‰ŠŽ›‡“—‹˜ƒŽ‡––‘–Š‡˜ƒŽ—‡‘ˆ •Šƒ”‡•‹–Š‡”‡ …‡–‹†› ƒ’ ‹”‹‰”‘Œ‡ …–ǡ‘”ƒ’’”‘š‹ƒ–‡Ž›̈́ʹͷǡͲͲͲ’‡”ƒ …”‡ˆ‘‘–‘ˆ›‹‡Ž†Ǥ Š‡•Šƒ”‡•‹–Š‡ ‘‡”‹‰Š–Ǧ‹ …Š‹‰ƒ‹– …Š›•–‡ƒ”‡ˆ‹”‡†„›•–‘”ƒ‰‡ǡƒ†Ž‹‡Ž›ƒ”‡™‘”–Š ƒ–Ž‡ƒ•–̈́ͳͲǡͲͲͲ’‡”ƒ …”‡ˆ‘‘–Ǥ‡„‡Ž‹‡˜‡ƒ …‘•‡”˜ƒ–‹˜‡ǡ‹‹—˜ƒŽ—‡‡•–‹ƒ–‡ˆ‘”–Š‡ ”‡ƒ‹‹‰–”‡ƒ–ƒ„Ž‡™ƒ–‡”•—’’Ž‹‡•™‘—Ž†„‡ƒ„‘—–̈́ͷǡͲͲͲ’‡”ƒ …”‡ˆ‘‘–‘ˆƒ˜‡”ƒ‰‡ƒ—ƒŽ›‹‡Ž†Ǥ ‘„‹‹‰–Š‡˜ƒ”‹‘—•‹‹—˜ƒŽ—‡‡•–‹ƒ–‡•†‡• …”‹„‡†ƒ„‘˜‡ǡ„‡Ž‹‡˜‡•ƒ …—””‡–ǡ ‹‹—˜ƒŽ—‡ˆ‘” ǯ•‡š‹•–‹‰™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘‹•ƒ„‘—–̈́ͳǤʹ͵„‹ŽŽ‹‘Ǥ Estimated minimum value of anticipated additions to water resource portfolio.• †‹• …—••‡†’”‡˜‹‘—•Ž›ǡ ƒ–‹ …‹’ƒ–‡•–Š‡ …‘’Ž‡–‹‘‘ˆ•‡˜‡”ƒŽ‹ˆ”ƒ•–”— …–—”‡’”‘Œ‡ …–•ƒ†–Š‡ ’—” …Šƒ•‡‘ˆ•‡Ž‡ …–‡†ƒ††‹–‹‘ƒŽ™ƒ–‡””‹‰Š–•–‘ …‘’Ž‡–‡–Š‡•›•–‡ƒ†•‡”˜‡„—‹Ž†‘—– †‡ƒ†•Ǥ ’”‘Œ‡ …–•–Š‡‡š’ƒ•‹‘‘ˆ ƒŽŽ‹‰ƒ‡•‡”˜‘‹”™‹ŽŽ—Ž–‹ƒ–‡Ž› …‘•–ƒ’’”‘š‹ƒ–‡Ž› ̈́Ͷ͸Ǥʹ‹ŽŽ‹‘ǡ ǯ•’ƒ”–‹ …‹’ƒ–‹‘‹–Š‡ƒƒ‰‡‡–’”‘Œ‡ …–‹•”‘—‰ŠŽ›‡•–‹ƒ–‡†–‘ …‘•– ƒ„‘—–̈́ʹǤ͸‹ŽŽ‹‘ǡ†‡˜‡Ž‘’‡–‘ˆˆ—–—”‡‡ƒ•—”‹‰†‡˜‹ …‡•ƒ†„›Ǧ’ƒ••ˆƒ …‹Ž‹–‹‡•‘–Š‡ ‘—†”‡‹˜‡”‹•ƒ–‹ …‹’ƒ–‡†–‘ …‘•–ƒ’’”‘š‹ƒ–‡Ž›̈́ʹǤ͵‹ŽŽ‹‘ƒ†–Š‡ˆ—–—”‡™ƒ–‡””‹‰Š–• ’—” …Šƒ•‡•ƒ”‡’”‘Œ‡ …–‡†–‘ …‘•–ƒ„‘—–̈́ʹͲǤͶ‹ŽŽ‹‘ǤŠ‡•‡ …‘•–‡•–‹ƒ–‡•ˆ‘”ˆ—–—”‡ƒ††‹–‹‘• –‘–ƒŽƒ’’”‘š‹ƒ–‡Ž›̈́͹ͳǤͷ‹ŽŽ‹‘Ǥ‘†‡˜‡Ž‘’–Š‡‹‹—‡•–‹ƒ–‡‘ˆ–Š‡•‡ˆ—–—”‡ …‘•–•ǡ ”‡‘˜‡† …‘–‹‰‡ …›ˆƒ …–‘”•’”‡˜‹‘—•Ž›‡•–‹ƒ–‡†„› ˆ”‘–Š‡ …‘•–’”‘Œ‡ …–‹‘•Ǥ ††‹‰–Š‡•‡’”‘Œ‡ …–‡† …‘•–•ˆ‘”ƒ††‹–‹‘•–‘–Š‡™ƒ–‡”•—’’Ž›•›•–‡ǡǯ•‹‹—‡•–‹ƒ–‡ ‘ˆ–Š‡ …—””‡–˜ƒŽ—‡‘ˆ–Š‡—Ž–‹ƒ–‡•›•–‡‹•ƒ„‘—–̈́ͳǤ͵ͳ„‹ŽŽ‹‘Ǥ  ””‹‰ƒ–‹‘ ‘’ƒ›ȋ Ȍǡƒ†•Šƒ”‡•‹–Š‡ƒ–‡”—’’Ž›ƒ†–‘”ƒ‰‡‘’ƒ›ȋȌǤƒ•‡†‘”‡ …‡– ƒ”‡–˜ƒŽ—‡•ˆ‘”–Š‡•‡•—’’Ž‹‡•ǡ‡•–‹ƒ–‡•–Š‡ …—””‡–ƒ”‡–˜ƒŽ—‡ˆ‘”–Š‹•’‘”–‹‘‘ˆ ǯ•™ƒ–‡””‹‰Š–•’‘”–ˆ‘Ž‹‘–‘„‡ƒ„‘—–̈́ͺͲͲ‹ŽŽ‹‘Ǥ ‘•–‘ˆ–Š‡‘–Š‡”™ƒ–‡””‹‰Š–•ƒ†•–‘”ƒ‰‡ˆƒ …‹Ž‹–‹‡•‹ ǯ•’‘”–ˆ‘Ž‹‘†‘‘–Šƒ˜‡™‡ŽŽ†‡ˆ‹‡† ƒ”‡–•ǡƒ†‹•‘‡ …ƒ•‡•ƒ›‘–Šƒ˜‡„‡‡–”ƒ†‡†ƒ–ƒŽŽ‹”‡ …‡–›‡ƒ”•Ǥ‘‘„–ƒ‹ƒ ‡•–‹ƒ–‡‘ˆ–Š‡‘˜‡”ƒŽŽ˜ƒŽ—‡‘ˆ ǯ•’‘”–ˆ‘Ž‹‘ǡŠƒ•†‡˜‡Ž‘’‡†‹‹—ƒ†ƒš‹— ‡•–‹ƒ–‡•‘ˆ–Š‡˜ƒŽ—‡‘ˆ–Š‡•‡‘–Š‡””‹‰Š–•ƒ†ˆƒ …‹Ž‹–‹‡•„ƒ•‡†‘‘—”‡š’‡”‹‡ …‡™‹–Š‘–Š‡” ™ƒ–‡”•—’’Ž‹‡•—•‡†„›‘Ž‘”ƒ†‘ǯ• ”‘–ƒ‰‡ …‘—‹–‹‡•Ǥ Š‡Žƒ”‰‡•– …‘–”‹„—–‘”–‘–Š‡”‡ƒ‹‹‰˜ƒŽ—‡‘ˆ ǯ•™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘ȋ‡š …Ž—†‹‰–Š‡ ™‡ŽŽǦ†‡ˆ‹‡†•‘—” …‡•†‡• …”‹„‡†’”‡˜‹‘—•Ž›Ȍ‹•‹–•‘—†”‡‹˜‡”†‹”‡ …–ˆŽ‘™”‹‰Š–•Ǥ‘•–‘ˆ–Š‡•‡ ƒ”‡˜‡”›•‡‹‘”™ƒ–‡””‹‰Š–•–Šƒ–›‹‡Ž†‡ƒ”Ž›ƒ•— …Š•—’’Ž›†—”‹‰†”››‡ƒ”•ƒ•—†‡”ƒ˜‡”ƒ‰‡ ‘”Dz‘”ƒŽdzŠ›†”‘Ž‘‰‹ … …‘†‹–‹‘•Ǥ‡‹‘”†‹”‡ …–ˆŽ‘™”‹‰Š–••— …Šƒ•–Š‡•‡ƒ”‡˜‡”›•‡Ž†‘ǡ‹ˆ ‡˜‡”ǡ–”ƒ†‡†Ȃ–Š‘—‰Š–Š‡”‡™‘—Ž†—†‘—„–‡†Ž›„‡ƒ•—„•–ƒ–‹ƒŽƒ”‡–ˆ‘”–Š‡‹ˆ–Š‡›„‡ …ƒ‡ ƒ˜ƒ‹Žƒ„Ž‡Ǥ‘†‡˜‡Ž‘’ƒ‹‹—‡•–‹ƒ–‡‘ˆ–Š‡˜ƒŽ—‡‘ˆ ǯ•™ƒ–‡””‹‰Š–•’‘”–ˆ‘Ž‹‘ǡ™‡Šƒ˜‡ ‘•‡”˜ƒ–‹˜‡Ž›ƒ••—‡†ƒ˜ƒŽ—‡ˆ‘”–Š‡•‡”‹‰Š–•‘ˆ̈́ʹͲǡͲͲͲ’‡”ƒ …”‡ˆ‘‘–‘ˆƒ˜‡”ƒ‰‡›‹‡Ž†Ȃ ‘””‡•’‘†‹‰–‘ƒ–‘–ƒŽ˜ƒŽ—‡‘ˆ̈́ʹʹ͸‹ŽŽ‹‘ˆ‘”–Š‡•‡”‹‰Š–•Ǥ ǯ•‘–Š‡”™ƒ–‡””‹‰Š–•ƒ†ˆƒ …‹Ž‹–‹‡•–Šƒ– …ƒ …—””‡–Ž› …‘–”‹„—–‡–‘‹–•–”‡ƒ–‡†™ƒ–‡”•—’’Ž› ‹ …Ž—†‡‹–•‡—•‡Žƒƒ””ƒ‰‡‡–™‹–ŠŽƒ––‡‹˜‡”‘™‡”—–Š‘”‹–›ǡ‹–• ‘‡”‹‰Š–Ǧ‹ …Š‹‰ƒ ‹– …Š›•–‡ǡ‹–••Šƒ”‡•‹–Š‡Ž‡ƒ•ƒ–ƒŽŽ‡›Ƭƒ‡ƒƒŽ‘’ƒ›ƒ†–Š‡Šƒˆˆ‡‡‹– …Šǡƒ† •Šƒ”‡•‹ƒ—„‡”‘ˆ‘–Š‡”‹””‹‰ƒ–‹‘•›•–‡••‘‡–‹‡”‡ˆ‡””‡†–‘ƒ•–Š‡Dz‘—–Š‹†‡‹– …Š‡•Ǥdz ʹ‡‡’ƒ‰‡ʹͺ‘ˆ–Š‡ʹͲͳʹ”‡’‘”–Ǥ  •— …Š …‹” …—•–ƒ …‡•ǡ–Š‡„—›Ǧ‹ƒ’’”‘ƒ …Š’Žƒ …‡•ƒ‘˜‡”ƒŽŽ˜ƒŽ—‡‘–Š‡‡š‹•–‹‰ •›•–‡ǡƒ†–Š‡ …ƒŽ …—Žƒ–‡•–Š‡•Šƒ”‡‘ˆ–Šƒ–•›•–‡–Šƒ–™‹ŽŽ„‡—•‡†„›‡™†‡˜‡Ž‘’‡––‘ †‡–‡”‹‡–Š‡„—›Ǧ‹ …Šƒ”‰‡Ǥ ‘•–›‡ƒ”•ǡ ƒ’’‡ƒ”•–‘Šƒ˜‡‡‘—‰Š™ƒ–‡””‹‰Š–•–‘„‡ƒ„Ž‡–‘•‡”˜‡ˆ‘”‡•‡‡ƒ„Ž‡ˆ—–—”‡ †‡˜‡Ž‘’‡–Ǥ ‘™‡˜‡”ǡ–‘‡‡–‹–•„—‹Ž†‘—–™ƒ–‡”†‡ƒ†•—†‡”†”‘—‰Š– …‘†‹–‹‘•ǡ ™‹ŽŽ ƒŽ•‘”‡“—‹”‡–Š‡Dzˆ‹”‹‰dz–Šƒ––Š‡’”‘’‘•‡†•–‘”ƒ‰‡’”‘Œ‡ …–™‘—Ž†’”‘˜‹†‡ǡƒŽ‘‰™‹–Š‘–Š‡” ‹ˆ”ƒ•–”— …–—”‡‹’”‘˜‡‡–•ƒ†•‡Ž‡ …–‡†ƒ††‹–‹‘ƒŽ™ƒ–‡””‹‰Š–•–‘‘’–‹‹œ‡–Š‡™ƒ–‡” ”‡•‘—” …‡’‘”–ˆ‘Ž‹‘Ǥͳ ‹˜‡ ǯ••’‡ …‹ˆ‹ … …‹” …—•–ƒ …‡•ǡ–Š‡ƒ’’”‘’”‹ƒ–‡‡–Š‘†ˆ‘”‡•–ƒ„Ž‹•Š‹‰’‘–‡–‹ƒŽ …ƒ•ŠǦ‹Ǧ Ž‹‡— …Šƒ”‰‡•—†‡”–Š‡„—›Ǧ‹ƒ’’”‘ƒ …Š‹•–‘‡•–‹ƒ–‡–Š‡˜ƒŽ—‡‘ˆ–Š‡ …‘„‹‡†™ƒ–‡””‹‰Š–• ƒ†•–‘”ƒ‰‡•›•–‡™Š‡–Š‡•›•–‡‹•ˆ—ŽŽ› …‘’Ž‡–‡†ȋ‡Ǥ‰Ǥǡafter–Š‡’”‘’‘•‡†•–‘”ƒ‰‡’”‘Œ‡ …– ƒ†‘–Š‡”‹ˆ”ƒ•–”— …–—”‡’”‘Œ‡ …–•ƒ”‡†‡˜‡Ž‘’‡†ƒ†”‡ƒ‹‹‰™ƒ–‡””‹‰Š–•ƒ”‡’—” …Šƒ•‡†ȌǤŠ‡ —Ž–‹ƒ–‡˜ƒŽ—‡‘ˆ–Š‡•›•–‡ …ƒ–Š‡„‡ƒ’’‘”–‹‘‡†„‡–™‡‡‡™†‡˜‡Ž‘’‡–ƒ†‡š‹•–‹‰ —•–‘‡”•„ƒ•‡†‘–Š‡ˆ‹”›‹‡Ž†‘ˆ–Š‡•›•–‡ƒ†–Š‡ˆ‹”›‹‡Ž†”‡“—‹”‡‡–•‘ˆ–Š‡ —•–‘‡”•ǤŠ‹•ƒ’’”‘ƒ …Š‹’Ž‹ …‹–Ž›”‡ …‘‰‹œ‡•–Šƒ–„‘–Š‡š‹•–‹‰ƒ†‡™ …—•–‘‡”•™‹ŽŽ „‡‡ˆ‹–ˆ”‘–Š‡‡™•–‘”ƒ‰‡’”‘Œ‡ …–ƒ†‘–Š‡”ƒ††‹–‹‘•–‘–Š‡™ƒ–‡””‡•‘—” …‡’‘”–ˆ‘Ž‹‘ǡƒ•™‡ŽŽ ƒ•ˆ”‘–Š‡‡š‹•–‹‰™ƒ–‡””‹‰Š–•’‘”–ˆ‘Ž‹‘ǡƒ†–”‡ƒ–•–Š‡•‡ …—•–‘‡”•‹–Š‡•ƒ‡ˆƒ•Š‹‘Ǥ – ƒŽ•‘ƒ˜‘‹†•–Š‡‡‡†ˆ‘”ƒ …‘’Ž‹ …ƒ–‡†ǡƒ†’‘–‡–‹ƒŽŽ› …‘–”‘˜‡”•‹ƒŽǡƒ’’‘”–‹‘‡–‘ˆ–Š‡ ˜ƒŽ—‡•‘ˆ‡š‹•–‹‰ƒ†‡™™ƒ–‡”•—’’Ž› …‘’‘‡–•„‡–™‡‡‡™ƒ†‡š‹•–‹‰ …—•–‘‡”•Ǥ Incremental cost approach. ‡‹’‘”–ƒ–†‹•ƒ†˜ƒ–ƒ‰‡‘ˆ–Š‡‡“—‹–›„—›Ǧ‹ƒ’’”‘ƒ …Šǡ •’‡ …‹ˆ‹ …–‘ ǯ••‹–—ƒ–‹‘ǡ‹•–Šƒ–‹–ƒ›”ƒ‹•‡‘”‡‘‡›–Šƒ‹•ƒ …–—ƒŽŽ›‡‡†‡†ˆ‘”–Š‡ˆ—–—”‡ ’”‘Œ‡ …–•ƒ†™ƒ–‡””‹‰Š–•ƒ …“—‹•‹–‹‘•”‡“—‹”‡†–‘ …‘’Ž‡–‡–Š‡™ƒ–‡”•—’’Ž›•›•–‡ˆ‘” „—‹Ž†‘—–†‡ƒ†Ǥ •†‹• …—••‡†‹‰”‡ƒ–‡”†‡–ƒ‹ŽŽƒ–‡”‹–Š‹•”‡’‘”–ǡ–Š‹••‹–—ƒ–‹‘ƒ”‹•‡•„‡ …ƒ—•‡ –Š‡ˆ—–—”‡’”‘Œ‡ …–• ‹•†‡˜‡Ž‘’‹‰ƒ”‡Š‹‰ŠŽ›‡ˆˆ‹ …‹‡–ȋˆ”‘ƒ‡ …‘‘‹ …•–ƒ†’‘‹–Ȍƒ† …ƒ ’”‘˜‹†‡ƒ††‹–‹‘ƒŽˆ‹”›‹‡Ž†ƒ–ƒŽ‘™‡” …‘•–’‡”ƒ …”‡ˆ‘‘––Šƒ–Š‡‡š‹•–‹‰•›•–‡ …ƒ …—””‡–Ž› †‡Ž‹˜‡”Ǥ †‡”–Š‡•‡ …‹” …—•–ƒ …‡•ǡ ƒ›™ƒ––‘ …‘•‹†‡”‡•–ƒ„Ž‹•Š‹‰‹–• …ƒ•ŠǦ‹ǦŽ‹‡— …Šƒ”‰‡• „ƒ•‡†‘ƒ‹ …”‡‡–ƒŽ …‘•–ƒ’’”‘ƒ …Šǡ–Š‡‘•– …‘‘ƒŽ–‡”ƒ–‹˜‡–‘–Š‡‡“—‹–›„—›Ǧ‹ ƒ’’”‘ƒ …Š‹•‡––‹‰‹’ƒ …–Ǧ–›’‡ˆ‡‡•Ǥ Š‡‹ …”‡‡–ƒŽ …‘•–ƒ’’”‘ƒ …Š …‘•‹†‡”•‘Ž›–Š‡ ƒ††‹–‹‘ƒŽ …‘•––Šƒ–ƒ’—„Ž‹ …‡–‹–›ȋ‘”—–‹Ž‹–›Ȍ—•–’ƒ›‹‘”†‡”–‘‹ …”‡ƒ•‡‹–• …ƒ’ƒ …‹–›–‘•‡”˜‡ ͳ ƒ††‹–‹‘–‘–Š‡‡Žƒ”‰‡‡–‘ˆ ƒŽŽ‹‰ƒ‡•‡”˜‘‹”ȋ‘”•‹‹Žƒ”Ȍǡ ƒ–‹ …‹’ƒ–‡•’ƒ”–‹ …‹’ƒ–‹‰™‹–Š‘–Š‡”—‹ …‹’ƒŽ‹–‹‡•‹ƒ ƒƒ‰‡‡–’”‘Œ‡ …–ˆ‘”–Š‡—•‡‘ˆ …‘˜‡”–‡†ƒ–‡”—’’Ž›ƒ†–‘”ƒ‰‡‘’ƒ›•Šƒ”‡•ǡ’‘–‡–‹ƒŽˆ—–—”‡‡ƒ•—”‹‰†‡˜‹ …‡• ƒ†„›Ǧ’ƒ••ˆƒ …‹Ž‹–‹‡•‘–Š‡‘—†”‡‹˜‡”ǡƒ†‘„–ƒ‹‹‰•‘‡ƒ††‹–‹‘ƒŽ™ƒ–‡””‹‰Š–•Ǥ  •–‡ƒ†ǡ‹– —•–„‡„ƒ•‡†‘ƒˆƒ‹”ƒ’’‘”–‹‘‡–‘ˆ–Š‡—–‹Ž‹–›ǯ•‘™ …‘•–•–‘•‡”˜‡‡™†‡˜‡Ž‘’‡–Ǥ ATTACHMENT 5 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! INTERSTATE 25 S SHIELDS ST S COLLEGE AVE S TAFT HILL RD E VINE DR S TIMBERLINE RD LAPORTE AVE E PROSPECT RD S LEMAY AVE E DOUGLAS RD W DRAKE RD STATE HIGHWAY 392 N OVERLAND TRL E MULBERRY ST E DRAKE RD S COUNTY ROAD 5 COUNTY ROAD 54G N US HIGHWAY 287 N SHIELDS ST W MULBERRY ST W PROSPECT RD S OVERLAND TRL E COUNTY ROAD 30 ZIEGLER RD W TRILBY RD E HORSETOOTH RD N COUNTY ROAD 23 W COUNTY ROAD 38E CARPENTER RD S COUNTY ROAD 23 E LINCOLN AVE N TAFT HILL RD E COUNTY ROAD 38 W HORSETOOTH RD TURNBERRY RD W ELIZABETH ST N LEMAY AVE TERRY LAKE RD S COUNTY ROAD 19 N COUNTY ROAD 5 S CENTENNIAL DR GREGORY RD GIDDINGS RD W LAUREL ST KECHTER RD S US HIGHWAY 287 E COUNTY ROAD 54 E COUNTY ROAD 52 / Fort Collins Area Water Districts 012345 0.5 Miles Water Districts East Larimer County Water District Fort Collins Loveland Water District Fort Collins Utilities (Water) Sunset Water District West Fort Collins Water District !!City Limits GMA Major Streets Railroads Figure Updated: 9/23/2015 ATTACHMENT 1