HomeMy WebLinkAbout[07b] Water Tower FinancingCI7']' OF 3T. Jo61iYH
Council Agenda Item 7 b
MEETING DATE: June 5, 2008
AGENDA ITEM: Monte Eastvold, Financing -Water Storage Facility
SUBMITTED BY: Monte Eastvold
BOARD/COMMISSION/COMMITTEE RECOMMENDATION:
PREVIOUS COUNCIL ACTION: At the previous Council meeting the City Engineer presented the Council
with the design for the second water storage facility.
BACKGROUND INFORMATION: The Administrator and Finance Director have been working with Monte
Eastvold for the possible financing of the second water storage facility. To get a better understanding of
the water revenue debt, the water filtration bond issues have been included on the analysis for the
financing of the water tower. The revenue sources listed on the proposed debt study is cumulative for
the water filtration plant and the water storage facility.
Monte Eastvold will be present at the meeting to discuss the two options. You will notice that we are
presenting schedule C and D. Schedules A and B used a growth factor for determining the revenue
streams and the revised schedules average out the water rates for the length of the bond and use a very
conservative growth, not increase by a percentage each year.
With regard to the hookups for 2008 -we are aware the Centra Care will construct this year and we are
working with amulti-tenant facility that will add approximately 40 units.
BUDGET/FISCAL IMPACT:
ATTACHMENTS: Water Debt Schedule C and D.
REQUESTED COUNCIL ACTION: This information is to begin the discussion as to when the City moves
forward with the construction of the second water storage facility.
67
0
a
N
{O
Q O
~.- N
O
C ~ N
m g O
!0 ~ ~
w ~
O Q m
7
~z
W
O
~_ ~
V ~
0
{'
~
~ O M 1~ r r N f~ O N 00 O N M ~ 00 N M I M O N In l!) In N N N
O f~ CO t0 M to [O ~ ti O ~ m N 0 ~ W W ~ to N fD op r- o~ O O CO O
'
'.~+, V 1+ ~_ ~ f0 LL7
O lC) O N N O 00 M O d' f1 O W r ~ ~ to Cfl O f~ t0 OD ~
•~'~ ro C r N r d' O N ti t0 M N to r 0~ 00 N LA CD N r ~ lf~ N 'Cr W (O O I~
~ C W
~p ~ N ~i' 00 W tt d' 1~ 6~ O O) GO Ob Qf 00 (O N f~ c~ I` W M OD M ~ f~ N f~
00f~ O~tN ~ rNc}'~'O((~(Qt0(DCO~A`dN ' pr00 'd:Mr
~ ~ i i ~ i i i i ~
:
8:
~ ~ 4'] r
~ N M ~' ~
::LL. U
:~~
;~{p~
` O I~ CD SD O O W a r (p tp CD r r W (D fD W W r M 00 m O O O O O
O N O O M I~ M Q N W r !~ tD (O N lfl O V' 00 M tJ '~ N oD r W f0 ~ N
O
~
~ _
~ ~/7 +++
. U O ~ O M 1A C~ I~ W O ~ M N 00 N 1~ O) O) O) to M r ~ i!) I'7 W f~ r OD
'
' In
~
:
~ C
C ~ O N O O N~ 0 d
CD
r OD r 1~ M f~ O OD h W ~' W M 1C ~ fD 00 d
t ~1 ffl N M C lfJ r N ~f N
l
O~ OD
M `
a0
' 1
~
r C ~ D W r N
i
!7 N
N W d
W N r
OD r ~ ~ ~ N N r r r ~ ~ ~ ~ r r r (O CO CD 0p Op 00 OD
~ ~ ~ ~ i r
is Q (/~ ~
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 O
L Vj p
p
0 0 0 0 0 0 0 0 QC7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
00000000 O
- ~ +C., lA 47 O O ~ ~ ~ ~ LA lf~ It! lf1 4n t17 ~ KJ ~ 47 ~ ~ l17 47 lS~ tf) to t[? IA
I~ 1~ ~ h h f~ I~ t~
[
~ In
<!'
_ j ~W
S f~
~
CD CO f~ 1~ N h I~ I~ 1~ I~ 1~ 1~ 1~ 1~ I~ I~ I
r r r r r
N
'~•~~
:;~t;:
~ ~ f~M LA-n~0000000~tn~~f700000000000
(OI~ W o0 aD000DN NNNNNr~MMMM~~~ttyul~flNOM~ W
C~
.':~. ~~ r r ~- r r r r r r r r r r r r r r r T r r r
M
~ ~
."~. ~ 0
.•~
:~:
:;~~ O p 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
:.;~;
;,~. h
m 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
o~r~n~nou~ooooooo~no~r,ooooooooggo 0
r
::~: U
~7 N W ~ r 00 1~
u
7 aD O N ~ ~ ~
~
' ~ ~ OOO O r C0~'Y ~ tD
0 r N N ` W
"~ ~ .C ¢ ~pp
1~ a
~
d
0
~ N ~ ~ M M M lN!) ~ ~ ~.f) 0 0 m fD f~ f~ 1~ 00 Op OD CO 00 W W W W W N
~:~ V ~
r
O O O O O O O O G O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ~
~'
.':
~ ac y
m C~ O O O O O O O p 0 0
o ~n u~ ~n u~ u> u~ an .n u~
~
•::'
~~ ~ ~ r r r r r r r r r
~ M M M M M M M M M
0000 W00M0000MMM00OD00 W opOOM000D00OOMOO Lfl
+~
C O~ O~ a0 O N N GO (p (t~~ t~ a0 00 N 00 (C cD N ~ I~ O~ O V' f0
O r r W 117 ~ O W (~ p ch M 0 1[i fp O M W W (D O N GO r O~
M
''~' ~ C m
~ ~'MtO~(O Wmh W f~t~COOi6iW ~t'7aol~cp~aD~riaO (fl
;: p ~ 0n~+~~~~ntititihti~titi~ti~~~nrti N
- ~ Q~ r r r r r r r r r r r r r r r r r r r r r r r r
er
4
~.~~~~
..,.. +-~
~ O O O O O1 00 M CO O M M M 00 OD OD aD OD O O M 00 00 M O O M O O
W O '
f CD tD
W
:::~; ~ c
O O O O N O N M O Cfl I~ M O N m (D O N h
O r r pY In O O W (D O M M O Ill fD ~ ("7 ~~ CO O N W r ~
~_'
:: ~: N d'07(OC7r00(pN~fON00'iYO~`ChG~~00NC~OM4n00
~!7
t "d' M M N r
~ C
~ Cfl
N
:;~ C ~
X 0 0 0 0 W W W aD 0O 00 1
I
O W
r r r r O
:''~
'
~ r
:
~:Qk +.~
~ O O O O ``O O ~~pp O O ~O O O O O O O O O O O O ~p O O O
O ~ ~ O O` O O O~ ~ ~ O~ ~ ~ ~ O ~ ~ O O ~ ~ O ~ O~ \ O O O
:yT
.~~. m
~ ~ c~ o 0 0 0 0 0 0 0 o a o 0 0 o d o 0 0 0 0 0 0 0 0 0 0 0 0
oooooa~naoooooooo~nou~ou>oinou~u~oo
~
w OOOOOr N ~ ~flCOo~W OrNMM~~~~O(Oti~~GOO
.:~ ~ O G O O M M M C+i CM M M ~ ~' ~ ~ d' t}' ~ ~f' ~f ~ ~ 'd' e!' ~ ~ ~
::'L*• _ O O O O 0 O O O O O O O O O O O O O O O O O p 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S~ 0 0 0 0 O
O
•;~ T ro 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
;~ ~ ~ ~noou~ioouioouioao~nuioo•uio~n.noo
' 0
N
t ~~ fD h
Q N ti ti Q O M W W W O O r r r N M M d O
lC)
.;~ ~ r r r r r r r r r r r r r
•:ltiF ~ N
L
~ U7 fD f~ a0 W O r N M tl' 11') tp !~ OD W O r N M V' h CO I~ M W O r N
O O Q O Q r r r r r r r r r r N N N N N N N N N N M M M
m
~' o v o 0 0 0 0 0 0 0 o a o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
N N N N N N N N CY N N N N N N N N N N N N N N N N N N N
'~ O ti Cfl (D r r (O (O ~~ 'd' V~~ LO CD r r fD O N ~A O O O O O
N O O M OD 47 ICJ W W W CA W W~~ O M M O to N N LC1 N
O
C W r M~ r 1b lp W r f~ f~ r r M Cfl N~ l~ r V' fD tl> W
01~J0~~
O
)
~
'7
~ON`
'~
OO
0 n•
V'
.: O N ~ W O
c
f
0
(OaOCOO
Q
0
1
N
Q W W OO oD o0 Cp Op m OD 00 a0 OD 00 h h h f~ 00 op M M ~ ti
'' ~ 0
C t!') l(y 4(1 In In ll] l() L() U J 41 ~ In l(1 In In In 4C1 In In l(') r r r O
Q N
r
;.~ ~ O~OO~-r(fl(Q~'~d mo'd' V'fDfDrrtGOtntAOOOOO
N O O M M~~ W W~~ W W W 0 0 M M O~ N N ~A N
O
W r M V' r lCJ l!~ W r f~ 1~ r r M CO tL~ Y7 f~ r er fD to W f~
:~: m NOO W O(O~~ODMOpM1~ON~if)O~crlO~ 0 `cY
C W r000h(D-A'~NrO)OCf(QU")Mr W I~•tf1Mr O
N M M N N N N N N N r r r r r r W
tl7
::~:
Vj 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o e o 0 0 0 0 0 0 0
\\\\ \ a e o 0 0 0 0 0 0 0~ o~ ~~ 0 0 0 0 0 0 0 0 0 0
00
.:~.
;:.~: ca a~ ~
~ L lD 000000000oppaoo~n~n~au~u~~nooooo0
O O O 1t7 ~ lf) ~l7 ~ 0 0 0 0 0 0 N N N N N N X 0 0 ~.[) O O O O
.:~. ~ ~~ O-n-nl~f~ I~I~I~OOOOOOrrrrrrrNNN0000
'
d
'
d tr
d"c1
000O
c+7MMMMMM'd'~d'sr V ~ ~ d'd ~t V'~
:
:
;~ _
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O
:~
~ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
O
~
::~: ~
n ~ O Q O 0 0 ~ ICJ ~ O ~A O O O 0 0 0 0 0 LC! 0 0 0 0
SOW OrNMd'<DI~ WONM (OCOONInNM~t
~ O
~
~, a et ~ !A l[) l() r r r
N N N M M M M M M M M~~ ~ r
- L
t0 In (p (~ W W O r N M~ lI') (fl h CO 6J O r N M 'cY I.C) O~ O W O r N
0 0 0 0 0 r r r r r r r r r N N N N N N N N N N M M M
~^ N N N N N N N N N N N N N N N N N N N N N N N N N N N N
°o
N
W
m
(~
C
C
a~i
C
N
t
tl1
(d
W
N
C
O
Of
O
N
0~
~D
~ N
~ 0 ~
m 1L a
O Z n1
~ 6 O
m 2 0
W Z
O ~ m
0
~""
2
lil
O
Q'
U ~
Q~ O M 11 r• t- N N OD N In b M N O O O I~ 0~ M 47 0 0 0 0 0 0 O
~ O f~ (O (D 00 O (D M lf~ m O O N O M O O O O (O O OD CA l17
:
U O~ ~ N m~ M CO M 0 0 eY ~ r~ N ~A tr ~ r O th 00 N
~;:;`: ~ C rNr V'NMt~O tpNODMNd'OOI~ ModbOti M
' a `b !17 N ~' Op O N 00 ~ 1~ O r N V' ~ 0O 00 ~ N W ~ O r M t~
'
'
'
~ 00 h (D Ll~
CF N
N M ~!
~ f0 1~ 00 CO 00 00 00 00 CQ lf7 ~ N 00 ~
..:4} ~ r-
iu:• U
:-t: OI~(O (~oOd'(p~"CJ"G}'cp0000'~}TTrOOO000000 O
;'~- ON00apnOtirrMObCO~d' M01C000Or0 O
. ~ ~i ~
~ U O~OMU~0~0~ ifi NOOON~NNtDOOMr~ d' c") N
: ~ r 00 r ~. r OD r M lff (O O~ Cn r r l[S N (D 0 0 0 O ti l!') M
~ 'o01~1T~ N
r~~O~M~ N~`'~~r
O~
~f-
N
M
:~:: ^~
Qrr e
Mr
~D(
O(
O
°D`
-
1
vJ r
o a o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
~ 00000000000000000000000 0
O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
+0. In lCl O O l!") to lf1 1f~ N7 ~ ~ ~ In lA lA lA ~ ~ ~ lfJ ~A lf1 tfJ Ln
~~ (fl~O~hNl~l~f~hl~l~f~l~~hl~l~l~l~i~l~f~f~
r r r r r d'
r
N
'"'
'
y sYI~ MOOtI7tf7000000t1~ifl00~0000000000 O
:•
.:r
::~
:
~
~ 0^ Q)a0aD00aONNNNNNMMMMM0LL0ifi~gtf)0
r r r r r r r r r r r r r r r r r r CO
~
~,y
::~i• ~ N
:: ~: ~ 0
.Q
ice:
x•:91 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
:~:~: y 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
:.;G. ~ O l2~
r
~ In O~ O Q Q O O O O~ O~ 0 0 0 0 0 0 0 r
~
~ ~
}•
0
N
0
~
~
~
~
~
0
~
0
. "' ~ W ~ ~ N
D d ti ti O
M C
7 C
r7 M N ~ N
0 0
O 0
D ~ 0
0 Q
1
4f f (
O ( K
~'~~ U
r
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
::
~ ~C y
N C O 0 0 0 0 0 0 0 0 0
O 0 0 >n 0 In LL) l(7 lfl O O
lt7
::
`,: ~D
~~ ~ O r T r r r r r r T
~ M M M M M M M M M N
~
- O O O O QI 00 00 O O O O O 1A lA l[') O O 00 0p M M lA l!7 lA 0 0 0 0 b
"+
C ~tOONNN V'cO1~1~~C100N CflOfO W (DO ~
- r,.
~ r N O~ 0 0 1~ X17 O N M r M~ N~ M O O fD t0
('~: O ~Q
~ N et m 00 0 CO ti 00 b 'cF ~' Q> M N (O O t, V' t: M O
'•i: ~ 0 0 CA Of W W W O O b W W O O O G7 01 01 CA 61 O
r r r r T T r r T r r r r r r r r r r OD
Q M
.~•~~ 0 0 0 O b OD 0 0 0 0 0 O ~!') l!') In In O 00 0D M M 0 l1') ~!] O O O O b
'
~: ttC~ONNN~ [DI~I~~fi00N000~O~aOCBQ~ ct
~ r N 0~ O O f~ ~ O N M r M~ N 0 M OD O f0 (O
'~~+'
:!•A1: m Nt7raO~A~I+M~~0i7cONtOb(V ~f~c0
' O
L+ 0 0 0 0 0 0 OD W h f~ (D 0 0 0 ~
M M N r
- 00
}:~ r ~ N
:~ T
~;;Qk h `` `` ``
O O O ~ O O ~ O O O O O ~ O ~~ O` ~ O O ~ O` O` ~~ O O O
;•.~; ..: ~ a?
y oo0o000000oooooaaooococcoooo
o
,:~ ~
W+a+~ ooo
oo~noooaooooo~no~.nou~ou~ooooo
COOOOrNQ0O0 W OrNMM~ QtnOOCOt~OOOO
_:,~- . O O O O c7 M M ri ch M M ~ ~' ~' ~ ~' ~' V' el' d' ~ V ~ O O O O
~:~ 0000000000000000000000000000 0
'ES ~p 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
,,~ ~ O Q C O O o 0 0 4 Q C 0 0 0 0 0 0 4 C O
~'~ ~
N fi O ~A O O 147 O~ 0 0 ~ In t!') O O O. i!1 O O l1~ O
$
• b0000rrNNN.MMth LL~Cp(Dh0000
•'
'
'
- O
:
:• `~
~ T T t
T
r r r T r r "
r r T T r r 'l
':~ a N
L ~A(OI`00 W Or Nc")~'11•)(OI~000OrNMtTOCDhC000rN
fb OOOOOrrrrrr T r~•-~rNNNNNNNNNNMMM
~ N N N N N N N N N N N N N
N N N N N N N N N N N N N N
- - N
Oti<DfDr r(000V'~d• ~' d'~~f00DTT (000~A00000 N
~ N O O M OD O In O O CA CA O O CP 0 0 M M O 1!) N N N O
,ti
~ OrM ~ T~111[)OrhtirrM(Otf)lf~f~rs,~CUlf?O I~
:;~•:
:~:
:•: :~ ~
m ~ N O O O OD tG ~ [p OD 00 00 M f~ O N ~ LIB 1[7 O M O Lf7 1f1
OOH W a00p0p W00o0000oO~f~h
OmMM~'
~ ~
1~
:
.
.
.~ O
~ ~ 1
-
lf') 1f') to 1[y 1n In 0 1n 1[> 1n t!7 l!') 1!') In tf) 0 LL7 0 t!7 ~A r r r O
t
K
:,iif ~
a N
•: ~' r
y ~0000
0
ONOO
~
~
~
~
~
~NN
W
~O
O
~
~ N
t
MaD
u
7
i
iO
i
C
i
t
O
Mt~
O
O r M ~ r lCJ lS~ ~ r n ti r r M iD lq l1•) h r \fi C4 In O O
n
:tL~ ,~ NOOOOO~D 00M0DC71~OCV st~0~M000
O 0001~Cfl~
0
M ~{
O
ri07: , et Nr0)0
GDYJMr01~47
r
N M M N N N N N N N b
.~ r r r r r r
r:•~
~
~ M
"
1°'
:~ +.+
~ h 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
\~\c \\\\~~~\e ~\\\~0 0 0 oe\\\\\\
:~,~„~ (D ~ X 000000000000000011~t1')1f11f~00000000
,p; ,C 10 000000 u~ 1n000000NNNNNN1n0000000
~~:
~L
~ lA lf7 1~ f~ ti f~ h 0 0 0 0 0 0 r r r r r r r N N N O 0 0 0
OMMMM
O
= OO
MMI`Metd•~ st~~d ~~~~~~~~~C
:~; 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
•'~"~
ro 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O
-. 00000000000000000000000 0
4!U "•~1j 0000001~triO1fi000000001D6000 O
:~; ~~ 1~ OD O O r N M m~ CA O N M CQ 00 O N ~I1 N M I
N N N M M M M~ M M M~ ~~~~~ 1n l() lf7 r r r h
:pper:
:N `~ ~
~- 1nCph o000r NM~t[~cfl1~ o000rNMeF47iDti00bOrN
~ O O O O O r r r r r r r r r r N N N N N N N N N N M M M
m
~ 0 0 0 0 0 0 6 0 0 0 0 0 0 6 0 0 0 0 0 0 6 6 0 0 0 0 0 0
^ N N N N N N N N N N N N N N N N N N N N N N N N N N N N
00
O
O
N
rn
N
0
'O
~1
U
C
y
m
C
U
9)
.O
C
91
L
O
Z
'~
tlJ
19
W
C