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HomeMy WebLinkAboutReg 2024-03-18 Item 4 - Presentation - Cascade Water Alliance Overview-f� CASCADE WATER ALLIANCE • Cascade Water Alliance Informational Briefing to Tukwila City Council March 18, 2024 N Agenda Overview of Cascade Water Alliance and Tukwila's membership. Current water supply. Future water supply - summary of Seattle's and Tacoma's proposals. Timeline and next steps. Cascade Water Alliance • Created in 1999 to provide members with a voice and a vote. • Mission is to provide safe, clean and reliable water to members in a cost- effective and environmentally responsible way. • One of the "big four" water suppliers. • Seven member agencies. • Serves 380,000 people, 20,000 businesses. • Governed by Board of Directors of members' elected officials. issaqua vSk way Water & er District T ila CASCADE WATER ALLIANCE Lake Tapps Reservoir • Contracted water from Seattle. • Early demand forecasts estimated needing a new source of supply by 2024. • 2009: Purchased Lake Tapps Reservoir from PSE as future source of supply. • Water rights issued by Department of Ecology. • Entered into agreements with the Puyallup and Muckleshoot Tribes (instream flows) and Lake Tapps Community (lake levels). • $147M+ invested for Lake Tapps since 2008 with $3.5M ongoing annual expenses. 4 Cascade's Work Operation, maintenance, and capital improvements of Lake Tapps Reservoir assets. Water efficiency programs. Member, Lake Tapps, and stakeholder communications and outreach. Financial management. Property management. Long-term planning. Water supply contract management. 01 Q) • Tukwila's Membership • Safe, clean, reliable water today and in the future. • Water efficiency programs, community outreach, other support as -needed (e.g., technical and regulatory issues). • 2024 member charges: $2.8 million. • 2024 Regional Capital Facility Charge (connection charge): $7,454 per residential unit. 6 Current Water Supply • Contracted water supply from Seattle declines in 2039, ends in 2063. • Business model: Use regional water to bridge demand until Lake Tapps is operational. • Ample regional water through 2060. • Seattle extension or new Tacoma contract allows build out of Lake Tapps to be delayed past 2042: o Estimated cost of $2 billion for transmission pipes, treatment plant, other facilities for Lake Tapps. Co Annual Average MG❑ 550 500 450 400 350 300 250 200 150 100 50 Actual Aggregate Demand 0 2000 2005 Seattle -Tacoma -Everett Aggregate Supply and Projected Demand 2010 2015 2020 Current Aggregate Supply 2025 at C$�cad� Earl FoSecas-t--- ate *recast* {¢ 20ig Recent Aggregate nd RecentF reca ascade De The sum of the forecasts from each supplier's most recent water system plan 2030 2035 2040 2045 2050 2055 }in 2060 mg! 8 Future Water Supply In 2022, Cascade's Board directed staff to seek proposals from Seattle and Tacoma: • 20-year or longer term to delay build out of Lake Tapps; • Improved financial outlook over building Lake Tapps by 2042; • Flexibility to adapt to changing circumstances; and • Regional partnership opportunities. 9 CC) O Water Supply Proposals Seattle • 10-year guaranteed extension (2040-2049) o $53M savings versus building out Lake Tapps by 2042 • Two five-year conditional extensions (2050- 2054 and 2055-2059) o $132M savings versus building out Lake Tapps by 2042 • 40-year conditional contract for individual members (2060-2099) o $907M savings if Lake Tapps does not need to be built out at all o Very low probability of occurring Tacoma • 25-year guaranteed contract (2040-2064) o Rates about 20% below Seattle o $298M savings versus building out Lake Tapps by 2042 iL Longer supply reliability, greater flexibility, lower cost than Seattle 10 Timeline for Cascade's Board Decision April 2024 V- • Board direction to negotiate with Tacoma or Seattle Cascade's budget/rates development April — September 2024 • Negotiate contract with Tacoma or Seattle L Rates info provided to members Board approves Cascade's budget/rates October/November 2024 i— • Board authorization to finalize contract Ni