HomeMy WebLinkAboutCOW 2024-10-28 Item 4A - Presentation - Final Recommendations on Public Works Fee Schedule (Consolidated Permit Fee Schedule)COUNCIL AGENDA SYNOPSIS
nitials
Meeting Date
Prepared by
Mayor's review
Council review
06/03/24
GL
09/16/24
GL
10/28/24
GL
ITEM INFORMATION
ITEM No.
4.A.
STAFF SPONSOR: GRIFFIN LERNER
ORIGINAL AGENDA DATE: 06/03/24
AGENDA ITEM TITLE Final Utility Rate Recommendations
CATEGORY ® Discussion
Mtg Date 10/28
❑ Motion
Mtg Date
❑ Resolution
Mtg Date
❑ Ordinance
Mtg Date
❑ Bid Award
Mtg Date
❑ Public Hearing
Mtg Date
❑ Other
Mtg Date
SPONSOR ❑ Council ❑ Mayor ❑ Admin Svcs ❑ DCD ❑ Finance ❑ Fire ❑ P&R ❑ Police ® PW
SPONSOR'S
SUMMARY
After previously presenting at the 6/3 and 9/16 Work Sessions, FCS Group and city staff
will be delivering the final utility rate recommendations for the 2025-2026 biennium.
REVIEWED BY
❑ Trans&Infrastructure Svcs ❑ Community Svcs/Safety ❑ Finance & Governance ❑ Planning & Community Dev.
❑ LTAC ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm.
DATE: COMMITTEE CHAIR:
RECOMMENDATIONS:
SPONSOR/ADMIN.
CoMMII"l EE
COST IMPACT / FUND SOURCE
EXPENDITURE REQUIRED
AMOUNT BUDGETED
APPROPRIATION REQUIRED
Fund Source:
Comments:
MTG. DATE RECORD OF COUNCIL ACTION
10/28/24
09/16
Work Session
06/03/24
Work Session
MTG. DATE
ATTACHMENTS
10/28/24
Info Memo dated 10/25/24
Rate Presentation PPT
Six -Year Rate Model
Draft Rate Resolution (updated PW fees only)
Cascade Water Alliance Rate Increase
King County Ordinance 19782
1
2
City of Tukwila
Thomas McLeod, Mayor
Public Works Department - Pete Mayer, Interim Director
INFORMATIONAL MEMORANDUM
To: Committee of the Whole
From: Pete Mayer, Interim Public Works Director
By: Griffin Lerner, Public Works Analyst
CC: Mayor Thomas McLeod
Date: October 25, 2024
Subject: Public Works Water, Sewer, and Surface Water Rates Discussion
ISSUE
Review proposed utility rates in advance of eventual adoption of Public Works Fee Schedule
Resolution for 2025 and 2026.
SUMMARY
The overall estimated additional monthly cost of the proposed City rate increases across all three
utilities (Water, Sewer and Surface Water) is $7.17 in 2025 and $11.11 in 2026, with an additional
$3.17 and $3.35 due to a King County passthrough in 2025 and 2026, respectively.
BACKGROUND
The City's Public Works Department manages three utility funds — Water, Sewer, and Surface Water.
The Water and Sewer Utilities serve approximately 60% of the property owners in the City, while the
Surface Water Utility serves all properties within City limits. Utility rates provide the bulk of the revenue
that supports the operations of the water, sewer, and surface water functions in the City of Tukwila.
These rates are reviewed biennially as a part of the City's budget and Capital Improvement process.
The City's Budget, Capital Improvement Program and Comprehensive Plan all reference or include the
policies that govern rate development. Following are a few examples of the City's policies, as taken
from the Capital Facilities Element (Chapter 14) of the current Comprehensive Plan:
• Utility rates and charges shall be structured to ensure adequate infrastructure development, in
addition to compliance with operation, maintenance, and federal and State requirements
• Rate increases shall be small, applied frequently, and staggered to avoid an overly burdensome
increase and undue impact in any given year
• Each enterprise fund shall be reviewed at least biennially, and shall have a rate structure
adequate to meet its operations and maintenance and long-term capital requirements
• Rate increases of external agencies (i.e., King County secondary wastewater treatment fees)
shall be passed through to the users of the utility
Annual rate increases allow the City to keep pace with inflation and fixed cost increases, and to
implement the City's long-term strategic goals for maintenance, improvement, and replacement of
capital infrastructure. Without regularly occurring and sufficient rate increases, the City's ability to
address infrastructure needs would be compromised. In addition, the policies reinforce the importance
of maintaining adequate fund reserve levels.
The Capital Improvement Program, which is one factor in establishing rate recommendations, is also
used to advantageously position the City for grants. A thorough list of capital projects is needed, as
granting agencies require that all projects must be listed in the City's adopted Capital Improvement
Program in order to be eligible for grants. Grant funding for Water and Sewer are normally rare and
difficult to obtain, but the City has been very successful in obtaining grants for Surface Water projects.
In 2023, the City contracted with FCS Group to conduct a comprehensive study of the rate structures.
Their resulting rate recommendations are informed not only through identifying needed capital projects
but by examining trends in charges from suppliers, consumption patterns, and regulatory and operating
3
INFORMATIONAL MEMO
Water, Sewer, and SWM Rates
Page 2
needs. Recommended rates are the product of a complex set of intertwined inputs, some of which are
fixed and outside of the City's control, including the King County Metro Sewage passthrough,
purchased water from the Cascade Water Alliance, Department of Health operating permits and
licenses, the interfund utility tax and associated excise taxes, and increasing state requirements around
National Pollutant Discharge Elimination System (NPDES)
Public Works Shop Phase 2
It is also important to note that the proposed rate increases are assuming no new debt service
associated with Phase II of the Public Works Shops project. As outlined at the June 3 and September
16 work sessions, rates would need to subsequently increase to cover the new debt obligations
associated with Phase II.
Because the City has not decided on a path forward for Phase II, the proposed rate increases reflect an
across-the-board rate increase and do not reflect a cost -of -service adjustment (other than Surface
Water) as previously outlined in Council work sessions. Staff will continue to design an equitable
phase -in plan to present to Council in 2025 alongside adjusted future rates, if necessary.
Comparison of Rates
The City's current and proposed utility fees compare well in the region. With the proposed increases,
the City still ranks in the mid -range if not lower, even without taking into account the corresponding
increases that will occur in the other cities. The magnitudes of the proposed rate increases are also
reasonable; as smaller rate increases more frequently helps the City avoid the need to implement more
significant, catch-up increases in the future.
The attached PowerPoint highlights sample bills, a regional rate comparison, and a tentative 6-year
rate model.
• Slides 9 and 10 illustrate the proposed 2025 and 2026 Surface Water rates and regional bill
comparisons.
• Slides 11 and 12 illustrate the proposed 2025 and 2026 Sewer rates and regional comparisons.
• Slides 16 and 17 illustrate a rate comparison on water rates in the region as well as within City
limits.
• Slide 18 estimates how these charges might affect the average residential customer paying
summer water rates.
The overall estimated additional monthly cost of the proposed City rate increases across all three
utilities (Water, Sewer and Surface Water) is $7.17 in 2025 and $11.11 in 2026, with an additional
$3.17 and $3.35 due to a King County passthrough in 2025 and 2026, respectively.
WATER
FCS Group and Public Works staff analyzed the operational and capital needs of the Water Enterprise
Fund in determining the proposed fees. In addition, the City needs to account for Cascade Water
Alliance's (CWA) wholesale water rates that are set to increase by 4.43% in 2025 and 2.61% in 2026. A
nine percent increase is being proposed to the base rates on residential, multi -family and commercial/
industrial customers as well as water consumption fees. Fire Protection service charges are flat fees
every month and will be increased accordingly in in 2025 & 2026.
Tukwila's residential water rates continue to compare favorably with regional jurisdictions, and as rates
will increase across the board, the estimate is that Tukwila will continue to be lower than many of
our neighboring cities. These water rates will allow the City to complete more capital projects
annually, purchase a new reservoir, and combat depreciating infrastructure.
4
INFORMATIONAL MEMO
Water, Sewer, and SWM Rates
Page 3
TABLE 1 - WATER RATES PROPOSED FOR 2025 and 2026
CATEGORY
Current 2024
Charges
Proposed 2025
Charges
Proposed 2026
Charges
Single Family
$21.50
$23.25
$25.50
Multi -Family (each condo, apt, or
dwelling unit)
$21.50
$23.25
$25.50
Commercial/Industrial Base Charges
$60.00-$770.00
$65.00-$839.00
$71.00-$915.00
Single Family Consumption Charges
per 100 Cubic Feet (CCF)
$3.83-$4.18
$4.17-$4.56
$4.55-$4.97
Multi -Family Consumption Charges per
1 CCF
$4.56-$5.02
$4.97-$5.47
$5.42-$5.96
Commercial/Industrial Consumption per
1 CCF
$6.95-$7.38
$7.58-$8.04
$8.26-$8.77
Fire Protection Service Charges
$11.25-325.00
$12.25 to $354.25
$13.25 to $386.00
Even with the proposed rate increases, Water provided by the City's utility still projects to be among the
cheapest source of water within city limits. For instance, a gallon of water costs roughly half a penny
and filling the average bathtub will cost a Tukwila consumer roughly 44 cents.
Renton (Estimated, 2025)
Renton
Water District 125 (Estimated, 2025)
Water District 125
Highline District (June - Sep., Estimated, 2025)
Tukwila (June -Sep., Proposed, 2025)
Water District 20 (Estimated, 2025)
Highline District (June - Sep.)
Tukwila (Oct. -May, Proposed, 2025)
Highline District (Oct. - May, Estimated, 2025)
Water District 20
Tukwila (June -Sept.)
Highline District (Oct. - May)
Tukwila (Oct. -May)
The proposed rate increases would cost the average residential customer an additional $5.55 monthly,
or another 34 cents per 748 gallons of water.
5
INFORMATIONAL MEMO
Water, Sewer, and SWM Rates
Page 4
SEWER
King County Ordinance No. 19782 adopted a 5.75% rate increase in the King County sewage disposal
fees for 2025. The King County sewer rate will increase from $55.11 to $58.28 per residential customer
equivalent per month in 2025. There will likely be another rate increase by King County of 5.75% in
2026.
Tukwila's sewer base rate will increase at a smaller rate of 3% annually in 2025 and 2026 in
accordance with the rate model that analyzes the City's operational and capital needs. The City's sewer
rate will increase to $33.00 per residential connection and $60.63 for up to 750 cubic feet or fraction
thereof for commercial/industrial customers in 2025. This results in a net increase of 4.7%.
The proposed rate increases would cost the average resident $4.17 monthly, with $3.17 of that due to
King County's rate increase.
TABLE 2 - SEWER RATES PROPOSED FOR 2025 and 2026
Cost Driver
Current 2024
Sewer Rate
Proposed 2025
Sewer Rate
Proposed 2026
Sewer Rate
King County Sewage
$55.11
$58.28
$61.63
City of Tukwila
$32.00
$33.00
$34.00
Total
$87.11 ]
$91.28
$95.63
SURFACE WATER
Tukwila's surface water base rate is scheduled for an increase in 2025 and 2026. The City's surface
water rate will increase from $226.00 to $234.00 in 2025. Starting in 2026, FCS and staff recommend
moving into an Equivalent Residential Unit (ERU) method for the City's rate structure. If adopted, the
calculated rate per ERU will be $278.53 in 2026. This will ensure a more equitable and accurate rate
structure that incentivizes the City's green infrastructure goals.
Surface water fees are processed by King County and collected with property taxes. The proposed
increases would cost the average resident an extra $0.66 monthly in 2025 and $3.71 in 2026.
TABLE 3 - SURFACE WATER RATES PROPOSED FOR 2025 and 2026
CATEGORY
Current 2024
SWM Rate
Proposed 2025
SWM Rate
Proposed 2026
SWM Rate
Residential
Flat rate of $226.00
Flat rate of $234.00
Flat rate of $278.53
RECOMMENDATION
Council is being asked to provide guidance on the City's 2025 and 2026 Water, Sewer, and Surface Water
proposed rate increases in anticipation of the Consolidated Fee Schedule Resolution coming forward to
Council on November 18, 2024.
Attachments: Rate Presentation PPT
Six -Year Rate Model
Draft Rate Resolution
Cascade Water Alliance Rate Increase Notice
King County Ordinance 19782
6
Utility Rate Study
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•;�� Agenda
- Background
Proposed Rates and Comparisons
Next Steps
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Slide 2
Background
0
� Revenue Requirement Introduction
Utility rates are set to recover the cost of
providing service
Financial policies
Operating costs (regular 1 ongoing)
Employee salaries and benefits
» Routine inspections & maintenance
» Professional services
» Utilities / power
Capital costs (periodic)
Infrastructure replacement
» Facility expansions and upgrades
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I
I
Year 1 Year 2 Year 3
Year 4 Year 5
• Operating Capital
Slide 4
� How Much Revenue is Needed?
Financial Policy Impacts
Forecasted O&M Costs
Rate Funded Capital
Existing & New Debt Service
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Annual
Revenue
Needs
Slide 5
IV
•;�� How Will Costs Be Equitably Distributed?
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Revenue requirement: How big is the pie?
Jr
Cost of service: How should the pie be sliced?
Single-family Existing Structure (Water)
8%
Multi -family
14%
Commercial /
Industrial
78%
Slide 6
� Results of Study
Rate proposals incorporate revenue requirement results
Water rate increases have lessened
Differently phased capital plan
Rates are shown without additional costs for Phase 2 of the PW Project
Cost -of -service results for water and sewer are left to be implemented
after further analysis and discussion
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Slide 7
Proposed Rates
•;�� Proposed Annual Stormwater Rates
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Class
2024
(Existing)
2025
(Proposed)
2026
(Proposed)
Rate Increase (Single-family)
Rate per ERU
SFR
N/A
$226.00
3.25%
N/A
$234.00
19.36%
$278.53
N/A
All other
Natural
0-20% Developed Surface
$271.01
$ 589.40
$279.82
$608.56
N/A
N/A
21-50% Developed Surface
51-70% Developed Surface
71-85% Developed Surface
$1,080.27
$1,611.96
$1,941.94
$1,115.38
$1,664.35
$2,005.05
N/A
N/A
N/A
86-100% Developed Surface
$2,265.30
$2,338.92
N/A
Slide 9
U1
•;�� Stormwater Bill Comparisons
Single Family Residence - Storm
# Jurisdiction
1 Seattle (mid 6,000 SF)
2 Sammamish
3 Newcastle
4 Tacoma (typical)
5 Des Moines
6 Shoreline
7 King County
8 Duvall
9 Mercer Island
10 Tukwila (Proposed, 2026)
11 Issaquah
12 Tukwila (Proposed, 2025)
13 Auburn
14 Tukwila (Existing)
15 Bellevue
16 Renton
17 Redmond
18 Federal Way
19 Lynnwood
20 Algona
21 Kent
22 Burien
23 SeaTac
$712.36
$447.05
$385.90
$374.64
$363.40
$345.35
$323.00
$307.68
$278.58
$278.53
$246.21
$234.00
$231.72
$226.00
$222.81
$204.48
$202.68
$200.20
$187.02
$186.00
$185.04
$184.94
$149.91
••;>FCS
Seattle (mid 6,000 SF)
Sammamish
Newcastle
Tacoma (typical)
Des Moines
Shoreline
King County
Duvall
Mercer Island
Tukwila (Proposed, 2026)
Issaquah
Tukwila (Proposed, 2025)
Auburn
Tukwila (Existing)
Bellevue
Renton
Redmond
Federal Way
Lynnwood
Algona
Kent
Burien
SeaTac
Slide 10
•;�� Proposed Monthly Sewer Rates (City Only)
Class
2024
(Existing)
2025
(Proposed)
2026
(Proposed)
Rate Increase
3.00%
3.00%
Single-family (per dwelling unit)
$32.00
$33.00
$34.00
Multi -family (per dwelling unit)
$32.00
$33.00
$34.00
King County Sewage minimum charge
$55.11 $58.28
$61.63
Non-residential Base Rates (by Meter Size)
Base rate per water meter
$58.86
$60.63 $62.44
Consumption rate per 750 CF* $58.86 $60.63 $62.44
*Applies to usage above 750 CF
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Slide 11
•;�� Monthly Sewer Bill Comparisons (Single-family, 5 CCF)
Single Family Residence - Sewer
# Jurisdiction* Total
1 Soos Creek
2 Skyway Water & Sewer District
3 Sammamish Plateau Water & Sewer District
4 Redmond
5 Duvall
6 Seattle
7 Renton
8 Woodinville
9 NE Sammamish Sewer
10 Tukwila (Proposed, 2025)
11 Kirkland
12 Bellevue
13 Alderwood Water and Sewer District
14 Kent
15 Auburn
16 Tukwila (Existing)
17 Cedarview Water and Sewer District
18 Black Diamond
19 Lake Forest Park
20 Issaquah
21 Algona
22 Coal Creek
23 Lynnwood
24 Valley View (2025 Estimate)
25 Valley View
26 Northshore
27 Tacoma
$135.52
$122.15
$101.60
$101.02
$94.97
$94.67
$91.95
$91.87
$91.65
$91.28
$89.43
$89.13
$88.70
$88.39
$88.32
$87.11
$86.66
$84.78
$84.26
$80.36
$79.57
$79.04
$75.54
$77.22
$73.50
$76.36
$62.75
Soos Creek
Skyway Water & Sewer District
Sammamish Plateau Water & Sewer District
Redmond
Duvall
Seattle
Renton
Woodinville
NE Sammamish Sewer
Tukwila (Proposed, 2025)
Kirkland
Bellevue
Alderwood Water and Sewer District
Kent
Auburn
Tukwila (Existing)
Cedarview Water and Sewer District
Black Diamond
Lake Forest Park
Issaquah
Algona
Coal Creek
Lynnwood
Valley View (2025 Estimate)
Valley View
Northshore
Tacoma
*this represents the total bill, including the 2025 King County passthrough, when applicable
••;>FCS
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Slide 12
•;w> Proposed Monthly Water Base Rates
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Class
2024
(Existing)
2025
(Proposed)
2026
(Proposed)
Rate Increase
Single-family
Multi -family
Non-residential Base Rates (by Meter Size)
3/4"
1"
1 1/2"
2"
$21.50
$21.50
$60.00
$72.00
$104.00
$135.00
9.00%
$23.25
$23.25
$65.00
$78.00
$113.00
$147.00
9.00%
$25.50
$25.50
$71.00
$86.00
$124.00
$160.00
3"
4"
6"
8"
10"
12"
Fireline Rates
2"
3"
4"
6"
8"
10"
$194.00
$259.00
$391.00
$520.00
$650.00
$770.00
$11.25
$25.00
$44.00
$100.00
$149.00
$249.00
$211.00
$282.00
$426.00
$567.00
$709.00
$839.00
$12.25
$27.25
$48.00
$109.00
$162.50
$271.50
$230.00
$308.00
$465.00
$618.00
$772.00
$915.00
$13.25
$29.75
$52.25
$119.00
$177.00
$296.00
12" $325.00 $354.25 $386.00
Slide 13
•;�� Proposed Monthly Water Volume Rates
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Class
2024
(Existing)
2025
(Proposed)
2026
(Proposed)
Rate Increase
9.00°/
9.00%
Single-family
October -May
June -September
Multi -family
October -May
June -September
Non-residential
October -May
$3.83
$4.18
$4.56
$5.02
$6.95
$4.17
$4.56
$4.55
$4.97
$4.97 $5.42
$ 5.47
$7.58
$ 5.96
$8.26
June -September $7.38 $8.04 $8.77
Slide 14
�� Water Rates per Gallon
At the proposed 2025 summer volume rates, 160 gallons of water costs less than a dollar
(not including the base charge)
5 gallons
5 gallons 5 gallons
sgnons sguona sguona 5 gallons 5 gallons
) ) )
5 gallons
$1
5 gallons 5 gallons 5 gallons 5 gallons 5 gallons 5 gallons
5 gallons 5 gallons 5 gallons 5 gallons 5 gallons 5 gallons 5 gallons 5 gallon
-30
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Slide 15
•;�� Monthly Water Bill Comparisons (Single-family, 10 CCF)
Single Family Residence - Water
# Jurisdiction
Total
1 Water District 119 (Peak)
2 Mercer Island
3 Redmond
4 Woodinville Water District (summer)
5 Duvall
6 Issaquah
7 Water District 119 (Non -peak)
8 Skyway Water & Sewer District
9 Woodinville Water District (winter)
10 Seattle (peak)
11 Bellevue
12 Water District 49
13 Seattle (non -peak)
14 Tacoma (summer, T2)
15 NE Sammaish
16 Covington Water District (summer)
17 Tukwila (June -Sep., Proposed, 2025)
18 Tacoma (winter)
19 Covington Water District (winter)
20 Water District 125
21 Kirkland
22 Auburn
23 Kent
24 Tukwila (Oct -May, Proposed, 2025)
25 Water District 20 (City of Burien)
26 Bothell
27 Coal Creek Utility
28 Highline District (June - Sep.)
29 Tukwila (June -Sep.)
30 Cedar River Water District
31 Sammamish Plateau Water& Sewer District
32 Tukwila (Oct. -May)
33 Highline District (Oct. - May)
34 Northshore Utility District
35 Soos Creek
36 Renton
37 Algona
38 Lynnwood
39 Alderwood Water District
40 Lakehaven (Federal Way)
$106.38
$99.97
$99.83
$99.04
$92.60
$91.65
$87.80
$87.53
$85.99
$85.80
$85.55
$80.17
$77.20
$74.10
$72.92
$71.48
$68.85
$67.67
$66.68
$66.04
$65.95
$65.67
$65.39
$64.95
$63.91
$63.81
$63.56
$63.35
$63.30
$62.78
$62.46
$59.80
$59.45
$59.16
$57.00
$50.23
$50.11
$48.99
$45.02
$35.45
••;>FCS
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Water District 119 (Peak)
Mercer Island
Redmond
Woodinville Water District (summer)
Duvall
Issaquah
Water District 119 (Non -peak)
Skyway Water & Sewer District
Woodinville Water District (winter)
Seattle (peak)
Bellevue
Water District 49
Seattle (non -peak)
Tacoma (summer, T2)
NE Sammaish
Covington Water District (summer)
Tukwila (June -Sep., Proposed, 2025)
Tacoma (winter)
Covington Water District (winter)
Water District 125
Kirkland
Auburn
Kent
Tukwila (Oct -May, Proposed, 2025)
Water District 20 (City of Burien)
Bothell
Coal Creek Utility
Highline District (June - Sep.)
Tukwila (June -Sep.)
Cedar River Water Distict
Sammamish Plateau Water & Sewer District
Tukwila (Oct -May)
Highline District (Oct. - May)
Northshore Utility District
Soos Creek
Renton
Algona
Lynnwood
Alderwood Water District
Lakehaven (Federal Way)
Slide 16
•;�� Water Bill Comparisons (within City of Tukwila, 10 CCF)
Single Family Residence - Water
# Jurisdiction
..ad=
1 Renton (Estimated, 2025)
2 Renton
3 Water District 125 (Estimated, 2025)
4 Water District 125
5 Highline District (June - Sep., Estimated, 2025)
6 Tukwila (June -Sep., Proposed, 2025)
7 Water District 20 (Estimated, 2025)
8 Highline District (June - Sep.)
9 Tukwila (Oct. -May, Proposed, 2025)
10 Highline District (Oct. - May, Estimated, 2025)
11 Water District 20
12 Tukwila (June -Sept.)
13 Highline District (Oct. - May)
14 Tukwila (Oct. -May)
$76.85
$75.35
$74.20
$70.00
$69.00
$68.85
$67.74
$67.15
$64.95
$64.75
$63.91
$63.30
$63.02
$59.80
Renton rates are shown here with the 1.50 outside -city rate
multiplier that would apply to City of Tukwila customers
••;>FCS
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Renton (Estimated, 2025)
Renton
Water District 125 (Estimated, 2025)
Water District 125
Highline District (June - Sep., Estimated, 2025)
Tukwila (June -Sep., Proposed, 2025)
Water District 20 (Estimated, 2025)
Highline District (June - Sep.)
Tukwila (Oct. -May, Proposed, 2025)
Highline District (Oct. - May, Estimated, 2025)
Water District 20
Tukwila (June -Sept.)
Highline District (Oct. - May)
Tukwila (Oct. -May)
Slide 17
•;�� Combined Bill (Single-family Customer)
I
Water*
Sewer**
Stormwater
Total
Increase ($)
Percent Increase
$63.30
$87.11
$18.83
$169.24
$68.85
$91.28
$19.45
$179.58
$10.34
$75.20
$95.63
$23.21
$194.04
$14.46
6.1% 8.0%
*Assumes 10 CCF, June -Sep; May -October
rate is lower.
**Assumes 5 CCF; includes King County
passthrough of $58.28 in 2025 and a
projection of $61.63 in 2026
••;>FCS
omPa,
Slide 18
•;�� Next Steps
- Modify or adopt proposed rate increases
Plan for further discussions of the cost -of -service results
••;>Fcs
omP,
Slide 19
Thank you!
Questions?
John Ghilarducci, Principal
(425) 336-1865
johng@fcsgroup.com
www.fcsgroup.com
•FCS
a Bowman company
Six -Year Rate Model
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
City of Tukwila Water Enterprise Fund
2025-2030 Forecast
9.00%
9.00% Ism
gm
saw
9.00%
9.00%
El
9.00%
los
wis
9.00%
2024 2025 2026 2027 2028 2029 2030
mm Cash Operating Expenses Phase 2 of PW Project
■m Existing Debt Service — New Debt Service
Additions to Operating Fund Balance - Rate Funded Capital
Total Revenues — Total Revenues with Rate Increases
Six -Year Rate Model
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
City of Tukwila Sewer Enterprise Fund
2025-2030 Forecast
3.00%
3.00%
lila
see
3.00%
3.00% ow 00
3.00% ems
los we
wee e
3.00%
gas
2024 2025 2026 2027 2028 2029 2030
Cash Operating Expenses Phase 2 of PW Project
Existing Debt Service New Debt Service
Additions to Operating Fund Balance • Rate Funded Capital
Total Revenues — Total Revenues with Rate Increases
Six -Year Rate Model
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
City of Tukwila Surface Water Enterprise Fund
2025-2030 Forecast
3.25%
E I
3.25%
me II" m
2024 2025 2026
Cash Operating Expenses
Existing Debt Service
Additions to Operating Fund Balance
Total Revenues
3.25%
mg
O M
3.25%
3.25% owl _ mow
3.25%
NM
2027 2028
Phase 2 of PW Project
New Debt Service
Rate Funded Capital
Total Revenues with Rate Increases
2029
2030
30
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUKWILA, WASHINGTON, ADOPTING A
CITYWIDE CONSOLIDATED PERMIT FEE
SCHEDULE FOR 2025 AND 2026; REPEALING
RESOLUTION NOS. 2056, 2058, 2079, AND 2103.
WHEREAS, the City is authorized to impose fe o recoup the costs of services
rendered and intends to update permit fees on an ual basis, with any increases tied
to growth in City expenses for providing rmit se es; and
WHEREAS, each year the City analyzes7ke ra r1r odel for the three utility enterprise
funds, which are water, sewer and surface waterensure revenues keep pace with
expenses, to update the traffic model, and to analyze the transportation network to ensure
continued compliance with the Growth Management Act and the City's adopted
Comprehensive Plan; and
WHEREAS, updated fees are necessary to support rising costs of service; and
WHEREAS, on c ber 24, 2022, the City Council adopted Resolution No. 2056
setting the Public Works ee Schedule for 2023 and 2024; and
WHEREAS, on November 28, 2022, the City Council adopted Resolution No. 2058
establishing a Consolidated Permit Fee Schedule; and
WHEREAS, on October 9, 2023, the City Council adopted Resolution No. 2079
updating the City Sewer Rates and King County Sewage Treatment Rates for 2024; and
WHEREAS, on October 21, 2024, the City Council adopted Resolution No. 2103
updating the City's Land Use Fee Schedule to align with changes being made to the
Tukwila Municipal Code in compliance with Senate Bill 5290 ("SB 5290"); and
WHEREAS, the Departments of Community Development and Public Works
currently maintain separate fee schedules and the City desires to clarify and streamline
2024 Legislation: Citywide Consolidated Fee Schedule
Version: 10/13/24
Staff: M. Baker & G. Lerner
Page 1 of 15
31
those fees and utility rates in a Citywide Consolidated Permit Fee Schedule for 2025 and
2026; and
WHEREAS, permit fees for encampments are being implemented pursuant to
Ordinance No. adopting reasonable occupancy, spacing, and intensity of use
requirements for temporary encampments to protect public health and safety;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
Section 1. Repealer. Resolution Nos. 2056, 2058, 2079, and 2103 are hereby
repealed, effective January 1, 2025.
Section 2. For 2025 and 2026, the Technology Fe shall be set at 5% of the
applicable permit fee and is included in the fees shown biv.
Section 3. Public Works fees will be charged o' to the following schedule
and take effect as of January 1, 2025:
PUBLIC WORKS SCJiDULE
WATER RATES
FEE
Water Meter InstallationII
.75 inch
$ N100
1 inch
$ 140.00
1.5 inch
$ 2,400.00
2 inch
$ 2,800.00
3 inch
$ 4,400.00
4 inch
$ 7,800.00
6 inch
$12,500.00
Water Meter Deduct
$25.00
Water Base Charge (
In addition to the monthly water base charge, each
100 cubic feet of water used will be charged as
shown in "Water Rates (Monthly)."
2024 2025 2026
Single Family (one dwelling unit)
$ 21.50 $23.25 $25.50
Multi -Family (more than one dwelling unit, each
dwelling is charged the base charge)
$ 21.50 $23.25 $25.50
Commercial/Industrial Customers:
2024 2025 2026
3/4 inch Service
$ 60.00 $65.00 $71.00
1 inch Service
$ 72.00 $78.00 $86.00
1-1/2 inch Service
$104.00 $113.00 $124.00
2 inch Service
$135.00 $147.00 $160.00
3 inch Service
$194.00 $211.00 $230.00
4 inch Service
$259.00 $282.00 $308.00
6 inch Service
$391.00 $426.00 $465.00
8 inch Service
$520.00 $567.00 $618.00
10 inch Service
$650.00 $709.00 $772.00
2024 Legislation: Citywide Consolidated Fee Schedule
Version: 10/13/24
Staff: M. Baker & G. Lerner
Page 2 of 15
32
12 inch Service
$770.00 $839.00 $915.00
Water Rates (Monthly)
Single Family Residence (Oct -May)
Single Family Residence (Jun -Sept)
Multi -Family (Oct -May)
Multi -Family (Jun -Sept)
Commercial/Industrial (Oct -May)
Commercial/Industrial (Jun -Sept)
In addition to the monthly water base charge listed
above, each 100 cubic feet of water will be charged at
the following rates:
2024 2025 2026
$3.83 $4.17 $4.55
$4.18 $4.56 $4.97
$4.56 $4.97 $5.42
$5.02 $5.47 $5.96
$6.95 $7.58 $8.26
$7.38 $8.04 $8.77
Fire Protection Service Charges (Monthly)
Per month base. size of service.
20 , 2025 2026
2 inch Service
$ . 5 2.25 $13.25
3 inch Service
5.00 , . 5 $29.75
4 inch Service
', 44.0 $48. $52.25
6 inch Service
i .. $109.00 $119.00
8 inch Service
, ` 00 $162.50 $177.00
10 inch Service
$2, • $271.50 $296.00
12 inch Service
.1. $354.25 $386.00
WATER SERVICES
FEE
Water Turn On
$ 50.00
After -Hour Water Turn On - additional fee for
customer requested after-hours water turn on
$ 100.00
Unauthorized Water Usage - after shut-off for
non-payment
$ 100.00
Special Meter Read - customer requested
meter read outside normal read schedule
$ 30.00
Shut-off notice
$ 30.00
Change in owner, tenant, and/or third party
paying agent
$ 20.00
Emergency Conservation Sanction
$ 100.00
Temporary Water Meter Deposit
.75" and 1" water meter
$-300.00
2.5" water meter
$24,500.00
Temporary Water Meter Rental per minimum
60 days expiration
.75" and 1" water meter
$ 75.00
2.5" water meter
$ 150.00
WATER INTEREST CHARGE
RATE
On all water accounts 30 days in arrears from
the date of delinquency until paid
8o%0 per annum computed on a monthly basis
2024 Legislation: Citywide Consolidated Fee Schedule
Version: 10/13/24
Staff: M. Baker & G. Lerner
Page 3 of 15
33
SEWER RATES
FEES
Residential Sewer Service
(single dwelling unit)
Flat rate of $332.00 per month
[TMC 14.16.030 (1)]
Residential Sewer Service (multiple dwelling
unit, permanent type)
Flat rate of $332.00 per month for each dwelling unit
[TMC 14.16.030 (2)].
Commercial and Industrial Sewage Service
Flat rate of $57.0260.63 per month and, in addition,
any usage over 750 cubic feet of water per month
shall be at the rate of $57.0260.63 per 750 cubic feet
[TMC 14.16.030 (4)].
SEWER INTEREST CHARGE
RATE
On all sewer accounts 30 days in arrears from
the date of delinquency until paid
8% per annuml#uted on a monthly basis
SEWAGE TREATMENT RATES
As of 202.,4, the City Sewage Treatment Charges
as requ y the ement for Sewage Disposal
the of Tukwila et at a flat rate of
minimum charge of $55.1158.28 per
between the King County Metropolitan Services and
$55.1158.28 per single family dwelling.
For multiple family and commercial/industrial accounts,
meter for up to 750 cubic feet of consumption p s
fraction thereof. (Consumption x 7.34877) (55
$ 8 per each additional 750 cubic feet or
7.5)
SURFACE WATER RATES
FEE PER YEAR
Surface Water Utility Rates Per Ye
ice Charge
Per Acre
Category:
2024
2025
2026
1. Natural
$ 271.01
$ 279.82
$ N/A
2. 0 - 20% Developed - -
$ 589.40
$ 608.56
$ N/A
3. 21 - 50% Develo. urface
$1,080.27
$1,115.38
$ N/A
4. 51 - 70% Develop: .urface
$1,611.96
$1,664.35
$ N/A
5. 71 - 85% Develope. •ace
$1,941.94
$2,005.05
$ N/A
6. 86 - 100% Developed ` ce
$2,265.30
$2,338.92
$ N/A
7. Single -Family Residentia
(flat rate per residential pa el)
$ 226.00
$ 234.00
$ N/A
8. Per Equivalent Residential Unit (ERU)
$278.53
SURFACE WATER INTEREST CHARGE
RATE
On all surface water accounts 30 days in arrears
from the date of delinquency until paid
8% per annum computed on a monthly basis
2024 Legislation: Citywide Consolidated Fee Schedule
Version: 10/13/24
Staff: M. Baker & G. Lerner
Page 4 of 15
34
Components of Proposed 2o25-2o26 3.5%
Rate Increase
Member
2024 Charges
Increase
Increase
Major Factors Affecting Relative
over
over
Increase/Decrease (blanks indicate general
2025 Charges 2024
2026 Charges 2025
consistency with Cascade rate increase)
Bellevue
$ 23,601,358
$ 23,501,991 -0.42%
$ 24,056,355 2.36%
- Reduced allocation of shared volumes
(Redmond) lowers demand shares
- 2024 True -Up Credit due to reduced allocation
Issaquah
$ 2,301,103
$ 2,374,284 3.18%
$ 2,474,596 4.22%
Issaquah - Temporary Water
$ 52,232
$ 84,630 n/a
$ 196,536 n/a
- Large % increase as Demand Share phases in,
initial discount ramps out
Kirkland
$ 6,635,560
$ 6,738,263 1.55%
$ 6,995,521 3.82%
Redmond - City
$ 6,071,906
$ 7,364,984 45.56%
$ 7,825,212 6.25%
- Increased allocation of shared volumes
(Bellevue)
- 2024 True -Up Charge due to reduced allocation
Redmond - Novelty Hill
$ 1,385,196
$ 1,473,352 6.36%
$ 1,514,968 2.82%
- Higher peak season usage relative to other
members increases relative demand shares slightly
Sammamish Plateau Water
$ 2,173,054
$ 2,172,854 -0.01%
$ 2,212,475 1.82%
- Reduced peak season usage relative to other
members lowers relative demand shares
Skyway Water & Sewer District
$ 543,153
$ 524,160 -3.50%
$ 532,897 1.67%
- Reduced peak season usage relative to other
members lowers relative demand shares
Tukwila
$ 2,768,293
$ 2,890,953 4.43%
$ 2,966,303 2.61%
TOTAL CASCADE MEMBERS
$ 45,531,854
$ 47,125,470 3.50%
$ 48,774,861 3.50%
CASCADE
WATER ALLIANCE
36
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
King County
KING COUNTY
Signature Report
Ordinance 19782
1200 King County Courthouse
516 Third Avenue
Seattle, WA 98104
Proposed No. 2024-0146.1 Sponsors Zahilay
1 AN ORDINANCE relating to rates and charges for sewage
2 treatment and disposal; and amending Ordinance 12353,
3 Section 2, as amended, and K.C.C. 4A.670.100, Ordinance
4 18745, Section 2, and Ordinance 11398, Section 1, as
5 amended, and K.C.C. 28.84.055.
6 BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
7 SECTION 1. Ordinance 12353, Section 2, as amended, and K.C.C. 4A.670.100
8 are hereby amended to read as follows:
9 A. Having determined the monetary requirements for the disposal of sewage, the
10 council hereby adopts a ((2-0-2-4)) 2025 sewer rate of ((fifty five)) fifty-eight dollars and
11 ((eleven)) twenty-eight cents per residential customer equivalent per month. Once a sewer
12 rate ordinance becomes effective, the clerk of the council is directed to deliver a copy of
13 that ordinance to each agency having an agreement for sewage disposal with King County.
14 B. The King County council approves the application of Statement No. 62 of the
15 Governmental Accounting Standards Board (GASB-62) as it pertains to regulatory assets
16 and liabilities to treat pollution remediation obligations and RainWise Program
17 expenditures and strategic planning costs as regulatory assets, recovered ratably over the
18 life of the underlying financing, and to establish a rate stabilization reserve for the
19 purpose of leveling rates between years.
1
37
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
20 C. As required for GASB-62 application, amounts are to be placed in the rate
21 stabilization reserve from operating revenues and removed from the calculation of debt
22 service coverage. The reserve balance shall be an amount at least sufficient to maintain a
23 level sewer rate between ((2.024)) 2025 and ((2.024)) 2026, and shall be used solely for
24 the purposes of: maintaining the level sewer rate in ((204)) 2026; and if additional
25 reserve balance is available, moderating future rate increases beyond ((24424)) 2026. The
26 estimated amount of the reserve, as shown in the financial forecast, Attachment A to
27 ((Ordinance 19117)) this ordinance, shall be revised in accordance with the ((2023 2021
28 Biennial Budget)) 2025 Annual Budget Ordinance and financial plan. If the reserve
29 needs to be reduced to meet debt service coverage requirements for ((202.3)) 2024, the
30 county executive shall notify the council of the change by providing an updated financial
31 plan.
32 SECTION 2. Ordinance 18745, Section 2, as amended, is hereby amended to
33 read as follows:
34 Monetary requirements for the disposal of sewage as defined by contract with the
35 component sewer agencies for the fiscal year beginning January 1, ((2424)) 2025, and
36 ending December 31, ((2024)) 2025. The council hereby determines the monetary
37 requirements for the disposal of sewage as follows:
38 Administration, operating, maintenance repair and replacement (net of other
39 income): (($76,762,508)) $98,885,775.
40 Establishment and maintenance of necessary working capital reserves:
41 (($151,283,097)) $159,207,572.
2
38
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
42 Requirements of revenue bond resolutions (not included in above items and net of
43 interest income): (($285,003,893)) $290,381,168.
44 TOTAL: (($513,049,'198)) $548,474,514.
45 SECTION 3. Ordinance 11398, Section 1, as amended, and K.C.C. 28.84.055 are
46 hereby amended as follows:
47 A. The amount of the metropolitan sewage facility capacity charge adopted by
48 K.C.C. 28.84.050.0. that is charged monthly for fifteen years per residential customer or
49 residential customer equivalent shall be:
50 1. Seven dollars for sewer connections occurring between and including January
51 1, 1994, and December 31, 1997;
52 2. Ten dollars and fifty cents for sewer connections occurring between and
53 including January 1, 1998, and December 31, 2001;
54 3. Seventeen dollars and twenty cents for sewer connections occurring between
55 and including January 1, 2002, and December 31, 2002;
56 4. Seventeen dollars and sixty cents for sewer connections occurring between
57 and including January 1, 2003, and December 31, 2003;
58 5. Eighteen dollars for sewer connections occurring between and including
59 January 1, 2004, and December 31, 2004;
60 6. Thirty-four dollars and five cents for sewer connections occurring between
61 and including January 1, 2005, and December 31, 2006;
62 7. Forty-two dollars for sewer connections occurring between and including
63 January 1, 2007, and December 31, 2007;
3
39
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
64 8. Forty-six dollars and twenty-five cents for sewer connections occurring
65 between and including January 1, 2008, and December 31, 2008;
66 9. Forty-seven dollars and sixty-four cents for sewer connections occurring
67 between and including January 1, 2009, and December 31, 2009;
68 10. Forty-nine dollars and seven cents for sewer connections occurring between
69 and including January 1, 2010, and December 31, 2010;
70 11. Fifty dollars and forty-five cents for sewer connections occurring between
71 and including January 1, 2011, and December 31, 2011;
72 12. Fifty-one dollars and ninety-five cents for sewer connections occurring
73 between and including January 1, 2012, and December 31, 2012;
74 13. Fifty-three dollars and fifty cents for sewer connections occurring between
75 and including January 1, 2013, and December 31, 2013;
76 14. Fifty-five dollars and thirty-five cents for sewer connections occurring
77 between and including January 1, 2014, and December 31, 2014;
78 15. Fifty-seven dollars for sewer connections occurring between and including
79 January 1, 2015, and December 31, 2015;
80 16. Fifty-eight dollars and seventy cents for sewer connections occurring
81 between and including January 1, 2016, and December 31, 2016;
82 17. Sixty dollars and eighty cents for sewer connections occurring between and
83 including January 1, 2017, and December 31, 2017;
84 18. Sixty-two dollars and sixty cents for sewer connections occurring between
85 and including January 1, 2018, and December 31, 2018;
4
40
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
86 19. Sixty-four dollars and fifty cents for sewer connections occurring between
87 and including January 1, 2019, and December 31, 2019;
88 20. Sixty-six dollars and thirty-five cents for sewer connections occurring
89 between and including January 1, 2020, and December 31, 2020;
90 21. Sixty-eight dollars and thirty-four cents for sewer connections occurring
91 between and including January 1, 2021, and December 31, 2021;
92 22. Seventy dollars and thirty-nine cents for sewer connections occurring
93 between and including January 1, 2022, and December 31, 2022;
94 23. Seventy-two dollars and fifty cents for sewer connections occurring between
95 and including January 1, 2023, and December 31, 2023; (())
96 24. Seventy-four dollars and twenty-three cents for sewer connections occurring
97 between and including January 1, 2024, and December 31, 2024; and
98 25. Seventy-six dollars and nine cents for sewer connections occurring between
99 and including January 1, 2025, and December 31, 2025.
100 B.1. In accordance with adopted policy FP-15.3.d. in the Regional Wastewater
101 Services Plan, K.C.C. 28.86.160.C., it is the council's intent to base the capacity charge
102 upon the costs, customer growth and related financial assumptions used in the Regional
103 Wastewater Services Plan.
104 2. In accordance with adopted policy FP- 6 in the Regional Wastewater Services
105 Plan, K.C.C. 28.86.160.C., the council hereby approves the cash balance and reserves as
106 contained in the attached financial plan for ((2-02-4)) 2025, which is Attachment A to
107 ((Ordinance 19447)) this ordinance.
5
41
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
108 3. In accordance with adopted policy FP-15.3.c., King County shall pursue
109 changes in state legislation to enable the county to require payment of the capacity charge
110 in a single payment, while preserving the option for new ratepayers to finance the
111 capacity charge.
Ordinance 19782 was introduced on 5/7/2024 and passed by the Metropolitan King
County Council on 6/18/2024, by the following vote:
Yes: 7 - Balducci, Baron, Dembowski, Mosqueda, Perry,
Upthegrove and Zahilay
No: 2 - Dunn and von Reichbauer
ATTEST:
,-DocuSigned by:
'-C267B914088E4A0...
Melani Hay, Clerk of the Council
APPROVED this day of 6/18/2024
KING COUNTY COUNCIL
KING COUNTY, WASHINGTON
DocuSigned by:
E76CEO1 F07B14EF...
Dave Upthegrove, Chair
DocuSigned by:
4FBCAB8196AE4C6...
Dow Constantine, County Executive
Attachments: A. King County Wastewater Treatment Division - Sewer Rate Financial Model
6
42
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Ordinance 19782
King County WTD - Sewer Rate Financial Model
2023
2024
Wastewater Treatment Division
Attachment A - Financial Forecast
Actual
2023
Budget
2024
Operating Financial Forecast - 4611 ($ '000)
Monthly Sewer Rate
Rate Increase
Residential Customer Equivalents (RCEs)
Revenue
Sewer Rate'
Capacity Charge
Industrial Waste
Resource Recovery
Other Income
Investment Income
Use (Transfer to) Rate Stabilization Reserve
$52.11 $55.11
5.75% 5.75%
768,447 775,653
$ 479,425 $ 512,955
90,860 96,060
10,769 10,825
10,857 9,274
4,687 3,392
15,234 19,041
Total - Revenue $ 611,832 $ 651,546
Expenditures & Transfers
O&M Expenses $ (187,185) $ (198,208)
Existing Debt Service (273,545) (251,743)
New Debt Service - (9,350)
Debt Retirement/ Defeasance Use of Cash (143,000) -
Minimum Operating Reserve Contribution (1,082) (2,520)
Total - Expenditures & Transfers $ (604,812) $ (461,821)
Net Cash Flow
$ 7,020 $ 189,725
Beginning Balance $ 42,431 $ 2,520
Net Cash Flow 7,020 189,725
Policy Cash -Funded Capital (Transfer to Capital Fund) (43,000) (192,245)
Ending Balance $ 6,451 $ 0
Ending Reserve Balances
Water Quality Operating Liquidity Reserve $ 18,718 $ 19,821
Rate Stabilization Reserve Account $ 46,250 $ 46,250
Debt Service Coverage - Parity Bonds (Senior Lien)
Debt Service Coverage - All -In Debt Service
'Sewer rate revenue includes a billing adj. of $1.1m
2Difference between 2023 ending balance and 2024 beginning balance driven by reconciliation of
3.07x 3.12x
1.55x 1.74x
Capital Funding Forecast - 3611 & 3612 ($ '000)
Beginning Balance
WIFIA Proceeds
State Loan Proceeds
Variable Rate Debt Proceeds
Commercial Paper / Interim Financing
Retirement of Interim Financing
$ 201,482 $
17,686
133,894
(72,100)
119,476
46,571
73,945
(17,953)
43
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
Net Bond Proceeds 138,239 94,086
Debt Reserve Contribution/(Requirement) 459
Grants, Settlements, and Other 568
Capital Expenditures (361,117) (316,126)
Ending Balance Before Transfers $ 59,111 $ -
Year-end Transfers from Operating Fund 43,000 192,245
Ending Balance $ 102,111 $ 192,245
Ending Reserve Balances
Capital Liquidity Reserve 5,000 5,000
Emergency Capital Reserve 15,000 15,000
Revenue Bonds Reserve Account
State Revolving Fund Reserve Account
128,764 130,709
981 219
Note: Bond covenants are written to allow that in any given year, use of the Rates Stabilization RI
basis for calculating bond coverage. This allows WTD •
44
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
2025
2026
2027
2028
2029
Rate Proposal
2025
Projected
2026
Projected
2027
Projected
2028
Projected
2029
$58.28 $62.36 $66.73 $71.41
5.75% 7.00% 7.00% 7.00%
784,252 789,176 794,108 799,049
$ 548,475 $ 590,556 $ 635,890 $ 684,721 $
102,369 109,517 116,355 122,181
10,880 10,936 10,993 11,050
7,372 7,593 7,821 8,056
3,405 3,419 3,433 3,448
20,153 16,153 16,093 16,656
$77.31
8.25%
803,999
745,886
128,032
11,107
8,297
3,463
18,590
$ 692,654 $ 738,175 $ 790,585 $ 846,112 $
$ (222,912) $
(249,021)
(21,009)
(2,470)
(238,307)
(259,861)
(37,179)
(1,539)
$ (258,412) $
(274,108)
(61,754)
(2,011)
(271,281)
(244,766)
(95,291)
(1,287)
915,375
$ (284,533)
(257,349)
(138,481)
(1,325)
$ (495,413)
$ (536,886)
$ 197,242 $ 201,289
$ 0
197,242
(197,242)
$ 0
$ 0
201,289
(201,289)
$ 0
$ 22,291 $
$ 46,250 $
3.19x
1.74x
$ (596,285) $
$ 194,300 $
$ 0 $
194,300
(194,300)
$ 0 $
23,831 $
46,250 $
2.92x
1.68x
25,841 $
46,250 $
cash and accrual, timing of transfers between funds
2.53x
1.58x
(612,625)
233,487
$ (681,689)
$ 233,686
0 $
233,487
(233,487)
$
27,128 $
46,250 $
2.67x
1.69x
233,686
(233,686)
28,453
46,250
2.58x
1.59x
$ 192,245 $
17,856
15,974
20,391
(10,548)
197,242 $
96,845
16,693
21,314
(32,149)
201,289 $
111,905
21,519
8,032
(55,000)
194,300 $
32,690
50,439
1,796
(9,828)
233,487
25,440
77,592
45
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
162,064 174,027 261,507 411,384 536,223
(397,982) (473,971) (549,251) (680,782) (872,741)
$ - $ - $ - $ - $
197,242 201,289 194,300 233,487 233,686
$ 197,242 $ 201,289 $ 194,300 $ 233,487 $ 233,686
5,000 5,000 5,000 5,000 5,000
15,000 15,000 15,000 15,000 15,000
141,435 157,725 183,996 212,751 249,875
219 176 133 133 133
2serve can be recognized as revenue eligible for inclusion in the bond coverage calculation. In yE
to use reserves to smooth rate increases and otherwise manage rate levels without compromisi
46
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
2030
2031
2032
2033
2034
Projected
2030
Projected
2031
Projected
2032
Projected
2033
Projected
2034
$83.69 $90.60 $98.99
8.25% 8.25% 9.25%
808,958 813,925 818,901
$ 812,420 $ 884,899 $ 972,756 $
133,148 138,379 142,656
11,164 11,222 11,280
8,546 8,802 9,067
3,479 3,495 3,511
19,673 20,733 22,447
$108.15
9.25%
823,886
1,069,239
145,937
11,339
9,339
3,528
25,160
$118.16
9.25%
828,880
$ 1,175,286
148,706
11,398
9,619
3,546
27,253
$ 988,430 $ 1,067,531 $ 1,161,717 $ 1,264,542 $
$ (298,440) $ (313,035) $ (328,353) $
(273,915) (273,748) (249,327)
(190,216) (237,433) (295,159)
(1,391) (1,459) (1,532)
$ (763,962) $ (825,675) $ (874,370) $
(344,429)
(258,833)
(346,532)
(1,608)
(951,401)
$ 224,469 $ 241,855 $ 287,347 $ 313,141
$ $ $ - $
224,469 241,855 287,347
(224,469) (241,855) (287,347)
$ $ - $ - $
$ 29,844 $ 31,304 $ 32,835 $
$ 46,250 $ 46,250 $ 46,250 $
2.19x 2.06x 2.13x
1.49x 1.48x 1.53x
313,141
(313,141)
1,375,807
$ (361,301)
(240,104)
(381,526)
(1,687)
$ (984,618)
$ 391,189
$
$
34,443 $
46,250 $
2.01x
1.52x
391,189
(391,189)
36,130
46,250
2.07x
1.63x
$ 233,686 $
9,544
100,198
224,469 $
14,547
118,588
241,855 $
113,204
287,347 $
141,343
313,141
131,341
47
DocuSign Envelope ID: C0378226-F5C1-41FF-8CF2-349DF210981E
653,478 582,590 703,018 647,063 434,564
(996,906) (940,193) (1,058,077) (1,075,753) (879,047)
$ - $ - $ - $ - $
224,469 241,855 287,347 313,141 391,189
$ 224,469 $ 241,855 $ 287,347 $ 313,141 $ 391,189
5,000 5,000 5,000 5,000 5,000
15,000 15,000 15,000 15,000 15,000
295,254 336,512 384,190 429,840 461,395
68 - - -
?ars that WTD contributes to this reserve, that portion of revenue is deducted from the revenue
ng the ability to meet annual bond coverage targets.
48
DocuSign
Certificate Of Completion
Envelope Id:C0378226F5C141FF8CF2349DF210981E
Subject: Complete with Docusign: Ordinance 19782.docx, Ordinance 19782 Attachment A.xlsx
Source Envelope:
Document Pages: 6 Signatures: 3
Supplemental Document Pages: 6 Initials: 0
Certificate Pages: 5
AutoNav: Enabled
Envelopeld Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
Status: Completed
Envelope Originator:
Cherie Camp
401 5TH AVE
SEATTLE, WA 98104
Cherie.Camp@kingcounty.gov
IP Address: 198.49.222.20
Record Tracking
Status: Original
6/18/2024 4:08:21 PM
Security Appliance Status: Connected
Storage Appliance Status: Connected
Holder: Cherie Camp
Cherie.Camp@kingcounty.gov
Pool: FedRamp
Pool: King County -Council
Location: DocuSign
Location: DocuSign
Signer Events
Signature
Timestamp
Dave Upthegrove
dave.upthegrove@kingcounty.gov
Chair
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Accepted: 6/18/2024 4:13:15 PM
ID:b22edd0a-5af8-49ce-96e0-5fcd0ae41c7b
Angel Foss
Angel.Foss@kingcounty.gov
Deputy Clerk of the Council
King County Council
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Accepted: 9/30/2022 11:28:30 AM
ID: 020c9a0a-c529-4443-8490-bad8ecc7fb95
Dow Constantine
Dow.Constantine@kingcounty.gov
King County Executive
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Accepted: 6/18/2024 4:27:27 PM
ID: 193365af-2036-4aad-938a-a278fde53594
,-DocuSigned by:
�Y v
'-E76CEO1F07B14EF
Signature Adoption: Uploaded Signature Image
Using IP Address: 198.49.222.20
-DocuSigned by:
Q
Fess
'-C267B914088E4A0...
Signature Adoption: Pre -selected Style
Using IP Address: 198.49.222.20
-DocuSigned by:
"-4FBCAB8196AE4C6...
Signature Adoption: Uploaded Signature Image
Using IP Address: 146.129.84.117
Sent: 6/18/2024 4:09:11 PM
Viewed: 6/18/2024 4:13:15 PM
Signed: 6/18/2024 4:13:29 PM
Sent: 6/18/2024 4:13:30 PM
Viewed: 6/18/2024 4:14:04 PM
Signed: 6/18/2024 4:14:23 PM
Sent: 6/18/2024 4:14:25 PM
Viewed: 6/18/2024 4:27:27 PM
Signed: 6/18/2024 4:28:13 PM
In Person Signer Events
Signature
Timestamp
Editor Delivery Events
Status
Timestamp
Agent Delivery Events
Status
Timestamp
49
Intermediary Delivery Events
Status
Timestamp
Certified Delivery Events
Status
Timestamp
Carbon Copy Events
Status
Timestamp
Ames Kessler
akessler@kingcounty.gov
Executive Legislative Coordinator & Public Records
Officer
King County
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
COPIED
Sent: 6/18/2024 4:14:25 PM
Viewed: 6/18/2024 4:17:31 PM
Witness Events
Signature
Timestamp
Notary Events
Signature
Timestamp
Envelope Summary Events
Status
Timestamps
Envelope Sent
Certified Delivered
Signing Complete
Completed
Hashed/Encrypted
Security Checked
Security Checked
Security Checked
6/18/2024 4:09:11 PM
6/18/2024 4:27:27 PM
6/18/2024 4:28:13 PM
6/18/2024 4:28:13 PM
Payment Events
Status
Timestamps
Electronic Record and Signature Disclosure
50
Electronic Record and Signature Disclosure created on: 8/24/2020 2:41:23 PM
Parties agreed to: Dave Upthegrove, Angel Foss, Dow Constantine
ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
From time to time, King County -Department of 02 (we, us or Company) may be required by law
to provide to you certain written notices or disclosures. Described below are the terms and
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51
Unless you tell us otherwise in accordance with the procedures described herein, we will provide
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How to contact King County -Department of 02:
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To withdraw your consent with King County -Department of 02
To inform us that you no longer wish to receive future notices and disclosures in electronic
format you may:
52
i. decline to sign a document from within your signing session, and on the subsequent page,
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consent to receive exclusively through electronic means all notices, disclosures,
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53