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6-1 Adopt Ord Sewer-Water Rates Sewer and Water Rates January 20, 2004 Amendment Chapter 4 Page 2 approximately $20,000 by 2008 when the second treatment plant is contemplated. While the cash balance does go down in 2004, there will be sufficient reserves to cover the deficit. While this study is comprehensive, prudence dictates that the rates be reviewed on an annual basis. Development patterns will change from what we have estimated and annual fluctuations due to weather patterns will have an affect. Staff will monitor these changes and recommend new rates for 2005 based on then current information. RECOMMENDATION Staff is recommending that the City Council adopt the changes raising fees utility service as shown in the attached ordinance amendment for Chapter 4 of the Chanhassen City Code. A simple majority vote of City Council members present is required to adopt the amendment. ATTACHMENT 1. Ordinance Amending Chapter 4, Chanhassen City Code CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 4, CHANHASSEN CITY CODE THE CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA ORDAINS: Section 1. Section 4-30 (c) 5 of the City Code, City of Chanhassen, Minnesota, is hereby amended to read as follows: Sewer and Water Hook-up Fees (area trunk fees) for 2004. Fee is paid at time of building permit. Note: Some parcels may have been previously assessed hook-up fees. Hook-up fees are based on the number of Sanitary Access Charge (SAC) units assigned by Metropolitan Council for office or Industrial/Commercial buildings. Residential hook-up fees are based per unit. Sanitary Sewer Water SAC $1,458.00/unit-(Lake Ann Interceptor - $1,155.00/unit and Subtrunk $947.00/unit)* $2,814.00/unit $1,425.00/unit ($1,350.00 to Metropolitan Council & $75.00 city SAC surcharge) *Parcels within the Lake Ann sewer district will be subject to the Lake Ann Trunk sewer fees in addition to the sewer hook-up fees. Lateral Connection Charges: If the lot or tract of land, or portion thereof, to be served by a lateral connection that has not been assessed for the cost of construction, then the applicant shall pay a connection fee that is just and equitable in an amount established by the city council. The amount of the charge may be adjusted each year in January. Sewer Lateral Connection Charge Water Lateral Connection Charge $4,739 $4,739 Section 2. The City Code, City of Chanhassen, Minnesota, is hereby amended by adding a section to be numbered Article IV, section 4-45. which shall read as follows: Article IV. Utility Rates Utility rates are established for each 1,000 gallons of usage: Water - less than 25,000 gallons per quarter - amount in excess of 25,000 gallons per quarter - minimum water charge per quarter (for amounts up to 5,000 gallons per quarter) $1.42 per 1,000 gallons $1.77 per 1,000 gallons $7.10 Sewage - residential based on winter quarter usage - commercial based on actual quarterly usage - minimum water charge per quarter (for amounts up to 5,000 gallons per quarter) $2.73 per 1,000 gallons $2.73 per 1,000 gallons $13.65 Section 3. This ordinance shall be effective immediately upon its passage and publication. PASSED AND ADOPTED this 26th day of January, 2004, by the City Council of the City of Chanhassen, Minnesota Todd Gerhardt, City Manager Thomas A. Furlong, Mayor (Published in the Chanhassen Villager on January 29, 2004) CITY OF 7700 Market Boulevard PO Box 147 C,an, a~r MN 55317 Administration Phcne 9522271100 Fax: 952 2271110 Building Inspections Phone: 952 227 1180 Fax 9522271190 Engineerin[l Phone: 952 227 1160 Fax;: 952 227 }170 Finance Phone 9522271140 Fax: 9522271110 Park & Recreation Pi~,one: 952 2271120 Fax: 9522271110 Recreation Cen!e[ 2310 Cguiter Boulevard Phone; 9522271400 Fax: 952.2271404 Planning & Natural Resources Phone: 952 2271130 Fax: 9522271110 Public Works 1591 Park Road Phone: 9522271300 Fax: 952227 1310 Senior Center Phone 9522271125 Fax: 9522271110 Web Site ww¢,,' Cl crsarmassen rnn us MEMORANDUM TO: FROM: DATE: Mayor City Council ....... Bruce M. DeJong, Finance Director January 6, 2004 SUBJECT: Utility Rate Study The Utility Department has not raised water or sewer rates for many years, and our rates are not fully covering the cost of providing service to our utility customers. City staff has been involved in a comprehensive look at the utility costs, including operations, existing debt service, and new capital outlays along with appropriate methods of financing the improvements. With Ehlers staff, we have set up a comprehensive look at what rates should be raised to in order to finance the operating costs and the anticipated capital improvements. The rates recommended increase an average of 7.5% for a typical resident. That means an increase of $9.77 per quarter which provides $7.12 for water treatment and operations and $2.65 for sewer costs. Connections fees need to be increased on the water side by 50% to fund the full cost of development related system improvements. Background The water rates were last raised in 1997. The sewer rate was last increased in 1992. Those rates were quite high in comparison other communities at the time, but were not explicitly based on the expected costs of our system as far as staff can determine. Combined with connection charges, these rates did generate a healthy fund balance in the utility fund. That fund balance has been declining with recorded deficits for the past two years. This rate study is necessary to estimate costs of completing the water and sewer systems to serve new development in the 2005 MUSA area and other areas of the city. We also need to adequately cover our operating costs on an annual basis. In analyzing the rates, we looked at four separate revenue streams. We have divided the utility area into water operations, water connection fees, sewer operations, and sewer connection fees. Because the future needs are different in each of these functions, they have to be calculated individually in order to determine the cost recovery required. The City of Chanhassen · A growirTg cornmumty wilh clean lakes quality Utility Rate Study January 9, 2004 Page 2 The difficulty in preparing this study comes from the large number of assumptions that have to be made about usage, connections and development patterns. This study has incorporated elements fi'om our CIP, AUAR study, Comprehensive Plan, debt study, and the water treatment discussions. In preparing this estimate, we have had to make educated guesses about housing density in the 2005-2020 MUSA areas, household size, and usage patterns for those residents assuming that they will use water at the same rate as existing households. We have had to estimate our water loss (difference between gallons pumped and gallons billed) which has been rather large, but hopefully will come down now that most of the old meters have been replaced. The other variables that have a huge impact on this decision have to do with water treatment. Last Monday, there were discussions regarding the size, number, and timing of possible treatment plants that will greatly affect the rates that our model predicts to be necessary to cover our costs. Staff believes there is strong sentiment on the Council to undertake water treatment, so it has been included in two different ways. The first alternative is for a 4.3 million gallon treatment facility located in the Lotus well field area. This assumes no land purchase is required, although it may have to be sited on the Redi-Mix site, which will reduce the potential sale amount, or on existing park land that may cause disruption in a neighborhood. The amount estimated in the CIP is $4.5 million. This figure comes from a rough rule of thumb of $1 per gallon of treatment capacity but covers only actual construction costs. A more likely range was estimated by Steve Nelson of SEH at about $5.5 million for both the first and second plants including all engineering, contingency, administrative and bonding costs. The second alternative includes two plants or one larger plant for ultimate system capacity being constructed in 2004 - the original estimate of $4.5 million and a second which requires land purchase and costs $6.5 million. While there is no magic involved in these estimates there is considerable chance that they may vary significantly in cost from these estimates depending on their type, location, and proximity to existing wells. Results We have developed a model that lays out operating and capital costs for both water and sewer. With the assumptions inherent in the model, we have estimated the needed cash balances in the utility funds. The model shows that a rate increase of $0.12 per thousand gallons is necessary to cover the costs of water treatment capital costs and operations. The sewer fees need to increase $0.13 per thousand gallons in order to fully cover the cost of our sewer disposal fees to the Utility Rate Study January 9, 2004 Page 2 Metropolitan Council Environmental Services division (MCES) and sewer system replacement costs. We also need to increase the cost that new connections pay for when they hookup. Those fees for water need to increase by 50% if they are to ultimately cover the cost of the system that we will be building to handle the full demand created by new development. If we were to build both plants at one time the rates would need to increase increase an additional $0.09 per thousand gallons raising the water increase from 9% to 16%. Staff questions why we would do this since the wells that would supply the necessary additional water would not be in service for at least six more years according to our CIP projections. That would mean financing the improvements well ahead of the time that they could be used. These estimates are detailed on the accompanying sheets. Summary Staff recommends that the City Council review the rate study and increase the water and sewer rates and connection fees to fully cover the cost of providing current and future services. Attachments: Survey of Residential Costs Water and Sewer operating and capital cash flows Chart Water Sewer Per Per Month Month / 7,500 / 7,500 City Gal. Gal, Total Softened? MAPLE GROVE $6.75 $15.63 $22.38 no EAGAN i$10.17 $13.89 $24.06 no BLOO MI NGTON $14.40 $9.99 $24.39 yes COON RAPIDS (2002) $8.60 $15.88 $24.48 no PLYMOUTH $7.32 $18.68 $25.99 no sT. LOUIS PARK $8.82 $17.42 $26.24 no MINNETONKA $11.21 $16.88 $28.08 no EDEN PRAIRIE $11.46 $16.71 $28.17 yes WHITE BEAR LAKE $8.40 $20.99 $29.39 ;yes EDINA $10.27 $19.70 $29.96 no ROS EVI LLE $17.06 $13.29 $30.35 yes APPLE VALLEY $12.71 $18.33 $31.04 no CHANHASSEN Proposed $10.65 i$20.48 $31.13 no RICHFIELD $13.55 $18.58 $32.13 yes BURNSVILLE $15.83 $21.02 $36.85 no PRIOR LAKE $15.00 $24.38 $39.38 no ST. CLOUD $25.29 $14.10 $39.39 yes ST. PAUL $15.20 $24.19 $39.39 yes SAVAGE (2002) $19.38 $20.20 $39.58 no MINNEAPOLIS $21.09 $32.79 $53.89 yes Page 1 Average User Water treatment Water operating/replacement Sewer Disposal Fees Sewer system replacement costs Total Increase 2004 $3.25 $1.03 $2.12 $O.53 6.93 6.93 $2.12 Breakdown of 2004 Quarterly Rate Increase for Average Utility User [] Water treatment $0.53 $3.25 $1.03 Water operating/replacement [] Sewer Disposal Fees [] Sewer system replacement costs City of Chanhassen Water System Capital Improvement Plan Capital Costs To Be Supported By Connection Fees (City estimates of future costs) Project 2003 2004 200.__~5 ~ 2006 ! 200_.._Z7 ~ 2008 2009 2010 2011 2012 201._._~32014 201___~52016 2017 2018 201~9 2020 Minnewashta Loop 300,000 (Total proiect cost =$600k with UolM paying $300k) TH 212 Utilities 5,000 155,000 $925k total with $770k to be assessed) TH 41 Watermain 20,000 100,000 $200k total with $100k to be assessed) Arboretum Watermain 20,000 200,000 Public Works Expansion 500,000 Well 9 70,000 900,000 We~110 72,000 900,000 Well 11 75,000 900,000 'WeJ112 77,000 900,000 Nell 13 80,000 900,000 Nell 14 85,000 900,000 Nater Tower 2,810,000 ~hase ti Treatment (5 MGD) 680,000 6,000,000 :[aw Water Collection System 500,000 90,000 100,000 50,000 =ressure Reducing Station 4 50,000 ~ressure Reducing Station 7 45,000 ~ressure Reducing Station 8 45,000 =ressure Reducing Station 5 45,000 =ressure Reducing Station 10 55,00C =ressure Reducing Station 9 I I 55,000 Trunk Main Oversizing 1 18M total with $1 045M to be assessec 135,000 10,000 ($108k totat with $98k asses 100,000 50,000 ~1 1M total with $1 OM to be assessed 100,000 total Inflated ClP Expense 70,000I 11'225'000 407,680 1,925,248 911,140 8,656,953I 93,6821,328,585 3,881,999109,486I 11'423'312 125,821 1,624,12480,052 0 0 0 103,014 Inflation Rate 4.0% g ~eng',water treatment\u~lity rate stutJy jan 5 xls 1/9,2004 Trunk Fee Supported CIP 331 PM City of Chanhassen Capital Improvement Plan Capital Costs To Be Supported By Utility Rates (City estimates of future costs) Proiect 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Study Well 4 Options 50,000 Watermain Replacement 152,000 160,000 165,000 170,000 175,000 Paint W. 76th St. Tower 80,000 Light Duty Trucks 34,000 34,000 Lotus Pressure Plant 4,500,000 Well #2 Inspection 30,000 Well #3 Inspection 35,000 Well #9 Inspection 40,000 Well #10 Inspection Well #11 Inspection Well #12 Inspection Paint Melody Hill Tower 400,000 Paint Hwy 41 Tower 500,000 Paint Lake Lucy Tower 750,000 Total 4,846,000 35,000 194,000 0 165,000 400,000 670,000 750,000 215,000 0 Total Inflated CIP Expense 4,846,000 36,400 209,830 0 193,027 486,661 847,764 986,949 294,242 0 Inflation Rate 4.0°/, g:\eng\water treatment\utility rate study jan 5,xls 1/9/2004 Utility Rate Supported ClP 3:31 PM City of Chanhassen Water Trunk Fund Cash Flow Water Hook-up Fee Increases 50% in 2004 Assumplions ~ Other revenue increase 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 00% 2 Other expense increase 3 O0% 5 OO% 3 O0% 3 OO% 3 OO% 3 OO% 3 OO% 3 OO% 3 OO% 3 O0% 3 0O% 3 00% 3 OO% 3 OO% 3 OO% 3 O0% 3 OO% 3 OO% 3 Inv~tm~t Rate 3 OO% 3 OO% 3 OO% 3 0O% 3 00% 3 0O% 3 OO% 3 OO% 3 OO% 3 OO% 3 OO% 3OO% 3 OO% 3 O0% 3 OO% 3 OO% 3 OO% 3 OO% 4 5 Project[cats 6 Anticipated 7 Cash Flow Statement 2002 2003 2004 20O5 2O06 2007 2O08 2OO9 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 9 Hook-up Fees 10 Area Charges 10 Total Rever~ue 12 Operating Expe,qses 14 Cash flow 16 Capital Improvements 17 ExisSng Deb~ Service 18 Systecn Completion- Paid With Cash 19 Debt Service - Treatmt Plant and 2OO8 [mprvts 20 Debt Service - Wa~er Tower and 20~ 1 Improveme~s 22 Total Capital Improvements 23 24 Investment Income 25 26 Annual Net Cash Flow 27 28 29 Beginning Cash Balance 30 Ending Cash Balance 32 33 Connection Charge 34 Average Area Charge Per New Dwelhng Umt 711,7O0 519,652 492,45O1,1O0,654946,243 993,555t,212,~37 1,293,608 1,358,289 1,426,203 1,497,5~3 1,572,389 lr597,750 1,677,638 1,761,520 1,849,59~ 1,942,075339,883 356,856 0 0 0 0 0 0 0 0 0 0 0 8 0 0 0 0 0 0 71 ~,7O0519,652 492,450t,196,654946,243 993,5551,252,137 1,293,608 1,358,289 1,426,203 1,497,513 1,572,389 1,597,750 1,677,638 1,761,520 1,849,598 ~ 942,075339,863 356,856 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 711,790 519,652 492,45O1,195,654946,243 993,555t,212,137 1,293,608 1,358,289 1,426,203 1,497,513 1,572,389 1,597,750 1,677,638 1,761,520 1,849,596 1,942,075339,863 356,856 ........ 2 ..... 9 ...... ~17,608 820,t91 926,695 922,939 2o5,ooo0 ..... 0 0 0 0 70,0O01,225,000407,6801,925,2489~1,140 0 93,682 1,328,585O 109,4861,423,312125,8211,624,12480,052 O O O 103014 952,240 952,24O952,24O 952,24O 952,24O952,240 952,240952,24O 952,240 952,240 952,240 952,24O 514,851 514,851514,851 514,8515~4,851 5~4,851 514,851 514,851 514,851 514,851 395,8401,548,038726,831 2,242,851 1,231,331 1,278,935 1,363,261 2,485,325 1,467,091 1,576,$77 2,890,403 1,592,912 3,091,215 1,547,143 1,467,091 1,467,091 1,467,091617,865 150,000158,223 131,392 149,429 115,013 111,331 112,667113,807 83,395 84,670 84,839 47,843 49,424 8,499 15,185 27,116 42,179 9,628 274,112(894,365)601,215 (1,147,179) (122,763) 44,532 38,014 (1,013,729) 42,507 5,6O7 (1,233,175) 52,682 (1,364,154) 222,878 397,690 502,100(1,085,049) (251,381) 5,O00,000 5,274,112 4,379.747 4,980,962 3,833,783 3,711,020 3,755,553 3,793,566 2,779,837 2,822,345 2,827,952 1,594,777 %647,458 283,305 506,181 903,87~ 1,405,971 32O.922 5,000,000 5,274,112 4~379,747 4,980,962 3~833,783 3,711,020 3,755,553 3,793,566 2,779,837 2,822,345 2~827,952 1,594,777 1,647r458 283,305 506~181 903,871 1,405,971 320,922 68,541 1,876 00 2,814 00 2,954 7O 3,102 44 3,257 56 3,974 22 4,172 93 4,381 58 4,60066 4,830 69 5,072 22 0 00 0 00 0O0 0 00 0 00 0 O0 0 O0 0 00 0O0 0 00 0 00 0 00 0 O0 0 00 0 00 0 00 0 00 0 O0 0 00 0 00 0 00 0 O0 0 00 0 00 0 O0 I Phase II Tr~tm~t and Other 2008 Improv~ls are hnanced with S8r800,0O0 issue for 12 years at 5 20% 2 2011 Capital Improv~e~ts 6nanced with S4 15 million issue for ~0 years at 5 15% 3 4 City of Chanhassen Water Fund with Phased Treatment Operating Cash Flow Assumptipn~: 1% Water Pumped but not sold 2 Other revenue increase 3 O~her expense increase 4 Investment Rate 5 Percent o1 total expenses attributable to water ODs 300% 50% 50% 10 00% 500% 500% 5 00% 500% 500% 500% 5 00% 5.00% 5 00% 5.00% 2.00% 200% 2 00% 200% 200% 200% 2 00% 200% 2 00% 2 00% 2 00% 300% 300% 300% 3.00% 300% 300% 300% 3 00% 300% 3 00% 300% 3 00% 300% 300% 300% 3.00% 300% 300% 3 00% 300% 300% 300% 7 Cash Flow Statement 8 9 Operating Revenue 10 Water sales 11 Water Pumped but not sold (10% of Line 9) 12 Meter sales 13 Penalties 14 Special assessments 15 Misc Income 16 Total Revenue 17 18 Existing Operating Expenses 19 Personal services 20 Charge back to general fund for admin Support 21 Contractual 22 Materials and Supplies 23 Utilities 24 Remitance to Other Agencies 25 Water Meters for resale 26 Consulting 27 Repairs and Maintenance 28 Total Operating Expenses 29 30 Operating Expense Per 1000 Gal (before treatment) 31 32 Net cash flows from existing operating activity 33 34 Operating Expenses for new treatment plant 35 38 Cash flow afler treatment 37 38 Capital Expenses for Water System Improvements 39 Capital Improvements - Paid with Cash 40 Debt Service for Lotus Treatment Plant 41 Total 42 43 Investment Income 44 46 Net cash flow after phased treatment 46 47 Beginning Cash Balance 48 Eadin9 Cash Balance 49 Anticipated 2001 2002 2003 1,118,759 1,129,634 1,570,020 (157,002) 78,437 48,000 31,846 30,051 12,000 0 2,256 I 15,000 1,150,605 1,240,378 ! 1,488,018 266,484 284,455 235,000 242,330 22,822 23,507 70,648 82,122 84,586 133,771 137,784 27,174 36,745 37,847 66,813 45,000 32,150 10,000 162,028 129755 133,651 768,664 788,635 707,374 0.8818 0.8408 0.6175 381,941 451,743 780,644 (see Note 2) 780,644 66,700 (see Note 1) 66,700 15,000 728,644 500,000 500,000 1,228,944 2004 2009 2010 2011 2012 2013 1,562,372 1,729,832 1,878,033 2,022,1182,175,367 2,338,315 2,451,438 2.568,151 2,688,5512,812,741 (78,119) (86,492) (93,902) (101,106)(108,768) (116,916) (122,572) (128,408)(134,428) (140,637) 48,960 49,939 50,938 51,957 52,996 54,056 55,137 56,240 57,364 58,512 20,000 20,400 20,808 21,224 21,649 22,082 22,523 22,974 23,433 23,902 0 0 0 0 0 0 0 0 0 0 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 5,858 5,975 1,558,214 1,718,780 1,861,079 1,999,4992,146,656 2,303,057 2,412,157 2,524,7002,640,780 2,760,493 300,000 309,000 318,270 327.818 337,653 347,782 358,216 368,962 380,031 391,432 50,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 24,212 24,938 25,686 26,457 27,251 28,068 28,910 29,778 30,671 31,591 87,123 89,737 92,429 95,202 98,058 101,000 104,030 107,151 110,365 113,676 141,9t7 146,175 150,560 155,077 159,729 164,521 169,457 174,540 179,777 185,170 38,983 40,152 41,357 42,598 43,875 45,192 46,547 47,944 49,382 50,864 46,350 47,741 49,173 50,648 52,167 53,732 55,344 57,005 58,715 80,476 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 137,660 141,790 146,044 150,425 154,938 159,586 164,374 169,305 174,384 179,615 836,545 910,142 934,446 959,479 0.8160 0.8490 0.8440 0.8400 721,668 808,638 926,633 1,040,019 148,000 152,440 157,013 721,668 660,638 774,193 883,006 346,000 36,400 209,830 0 216,450 432,900 432,900 432,900 562,450 469,300 642,730 432,900 36,868 42,751 49,774 55,211 196,087 234,089 181,236 505,317 1,228,944 1,425,031 1,659,120 1,840,356 1,425,031 1,659,120 1,840,356 2,345,673 50 Target Operating Reserve (6 months of operating expenses) 353,687 418,273 529,071 543,443 558,246 573,494 739,911 760,608 51 Target Amount to Fund Depreciation 52 Total Target Reserves 363,687 418,273 529,071 543,443 558,246 573,494 739,911 760,608 53 Actua~ as a Pemen~ of Target Operating and Depreciation Reserves 347% 341% 314% 339% 420% 486% 375% 325% 985,264 1,011,822 1,039,176 1,067,3521,096,372 1,126,263 0.8368 0.8345 0.8329 0.8321 0.8319 0.8324 1,161,392 1,291,235 1,372,981 1,457,3481,544,408 1,634,230 161,724 468,000 482,040 496,501 511,398 526,738 999,668 823,235 890,941 960,847 1,033,011 1,107,491 193,027 486,661 847,764 986,949 294,242 0 432,900 432,900 432,900 432,900 432,900 432,900 625,927 919,561 1,280,664 1,419,849 727,142 432,900 70,370 83,694 83,315 74,122 62,576 73,629 444,112 (12,633) (306,409) (384,879)368,445 748,221 2,345,673 2,789,785 2,777,152 2,470,7442,085,864 2,454,309 2,789,785 2,777,152 2,470,744 2,085,8642,454,309 3,202,530 781,926 803,884 826,501 781,926 803,884 826,501 267% 305% 387% 1 $45 million lotus pressure plant is assumed to be financed in 2004 with $4,650,000 9 o improvement bonds with a 15 year term and a 525% interest rate I 30 I 30 142 1 49 I 58 1.65 I 72 180 1336 16 25 1553 16 80 17 15 17.68 18 23 18 83 Costsinctude one new operatorforeach plant 184 I 87 191 1899 19 16 19 35 54 55 Notes 56 57 58 59 Usage Rate 60 Average monthly bill 1 95 19 55 1/9/2004 City of Chanhassen Utility Rate Study Water Revenue Calculations Units Built MUSA Projections This Model 852 1163 348 1,0t2 1,600 1,500 Actual Actual 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2!i~ 22,376 23806 24i~6 ~366 26~ ~ 2~926 27,706 28;486 39266 30,046 2.60 ~80 260 280 ;2.80 2~60 2.60 2.60 5~9 ; 6 ~54;; 64,5'> ;;; ~ 7752;; 8,352 8,652 8;952 ~ 300 300 300 300 300 ;;~3 2~ ~ 3OO ~; 3O0 3O0 ; 300 3OO 7 Hook-up fee per unit - residential 9 Total Hook-up Fee Revenue - Residential 1,694 1,723 1,802 1,876 17% 4;6% 4. i% 535,194 469,000 2,814 2,955 3,102 3,258 3,974 4.173 4,382 4,601 4,831 5,072 50.0% 50% 5.0% ;: 5.0% 220% 50% 5.0°/° 5,0% 5.0% 5.0% 422,100 1,181,880 930,731 977,267 1,192,266 1,251,879 1,314,473 1,380,197 1,449,206 1,521,667 11 Usage - Residential 12 Annual usage 13 Average consumption per connection per month 16 Annual incre~e In usage charge 14 Water rate per 1,000 gal 15 Water tale over 8,333 gallons/month 17 Revenue for 1st 8,333 gallons/month 18 Revenue for higher use 20 Average monthly bill per connection 19 Water usage revenue - residential 22 Number ef New Commercial SAC Un[ts 23 Hook-up fee per SAC Unit 24 Irrigation connections-new 25 Hook-up fee per irrigation connection 26 Hook-up Fee Total - Commercial 27 654,537,000 683,275,000 717,570,217 882,061,920789,411,050 825,473,050 852,519,550 879,566,050 10,027 9,920 10,018 11,944 10,439 10,662 10,368 10,248 1 30 1 30 1 30 1 30 1 42 1 49 1 58 1 65 1.50 150 1 50 150 1 77 1 87 197 206 0.00% g.0% 55% 5:5% 4:5% 706,917 745.902 775,660 799,700 892,636 964,146 1,080,235 1,178,270 165,838 163,947 18 t,041 400,030 282,047 336,919 329,915 338,679 872,755 909,848 956,701 1,199,730 1,174,683 1,301 ,O651,410,151 1,516,949 1337 1321 13.36 1625 1553 1680 1715 1768 906,612,550 933,659,050 960,705,550 987,752.050 1,014,798,550 1,041,845,050 10,138 10,037 9,943 9.855 9,774 9,698 172 180 1 84 1 87 191 195 2 15 2.25 2 29 234 239 2 44 4,5% 4.5% 2.0% 2.0% 2.0% 2.0% 1,282,940 1,394,645 1,477,590 1,563,2941,651.836 1 743,294 347,564 356,503 356,919 357,147 357,242 357 197 1,630,504 1,751,207 1,834,509 1,920,4412,OO9,O78 2,100,491 1823 18 83 1899 1916 19 35 19 55 98 27 25 5 5 5 5 5 6 5 5 5 1,802 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4.382 4,601 4,831 5.072 0 0 0 0 0 0 5 5 5 5 5 1,802 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 5,072 176,596 50,652 70.350 14,774 15,512 16,288 19,871 41,729 43,816 46,007 48,307 50,722 Commercial (inc. charitable/churches) and Industrial Number of Commercial connections 123 142 Average Usage./ConnectioWMonth - Commercial 71,683 60,549 Total Commercial Use 105,589,000 103,176,000 Number of Industrial Connections 40 40 Average Usage per Connection - Industrial 2,502,491 2,130,675 Total Industrial Use 99,474000 85r227,000 Total C/I Usage - % of total city usage 205,063,000 188,403,000 iPercent of Total Use 24% 21% total iCI Connections 163 182 Jsage Per MontWConnection 105,161 86,265 Nater usa,~e revenue - commercial/industrial 283.350 255436 146 131 133 135 137 139 141 143 145 147 149 151 0 40 36 37 37 37 37 37 37 37 37 37 37 220,480,067 263,473,041235,798,106 246,569,872 254,648,697 262,727,521 270,806,346 278,885,171 286,963,995 295,042,820 303,12t,645 311,200,469 23 5% 23 0% 230% 23 0% 23 0% 230% 23% 23% 23% 23% 23% 23% 186 167 170 172 174 176 178 180 182 184 186 188 98.759 131,474 115.587 119,462 121,958 124,398 126,782 129,114 131,394 133,624 135,807 137,943 302,876 370,291 387.689 428,767 467,882 505,168 544,863 587,107 616,929 647.709 679474 712250 42 Total Hook-up Fee Revenue 0 0 48 Total Water Revenues - Usage only (excluding hook-up fee 1,156,106 1,165,284 44 45 Total Water Usage 859.600,000 871,678,000 46 Billed water usage million gallons per day 2 36 2 39 711,790 519,652 492,45O 1,196.654 946,243 993,555 1,212,137 1,293,608 1,358,289 1,426,203 1,497,513 1,572,389 1,259,577 1,570,020 1,562,372 1,729,832 1,878,033 2,022,118 2,175,367 2,338,315 2,451,438 2,568,151 2,688,551 2,812,741 938,000,284 1,145,534,961 1,025,209,156 1,072,042,922 1,107,168,247 1,142,293,571 1,177,418,896 1,212,544,221 1,247,669,545 1,282,794,870 %317,920,195 1,353045,519 257 314 281 294 303 313 323 3 32 342 3.51 361 3 71 1/9/2004 City of Chanhassen Utility Rate Study Water Hook-Up Fees Actual Actual 2000 2001 1 Hook-up Fee per SAC unit 1,694 1,723 2 Annual Increase in Hook-Ul 1,694 29 3 % Increase in Hook-up Fees 1.7% 4 5 Total Hook-UP Fee Revenue 6 7 8 Average Area Charge per Dwelling Unit* 9 % Increase in Area Charges 10 Area Charge Per Acre assuming 5 units per acre. 11 12 Total Area Charges 13 14 TOTAL DEVELOPMENT FEES 15 16 Estimated Total Fees Per Unit 1,723 1,802 17 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1,802 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 79 74 938 141 148 155 717 199 209 219 230 4.6% 4.1% 50.0% 5.0% 5.0% 5.0% 22.0% 5.0% 5.0% 5.0% 5.0% 711,790 519,652 492,450 1,196,654 946,243 993,555 1,212,137 1,293,608 1,358,289 1,426,203 1,497,513 1,876 0 0 0 0 0 0 0 0 0.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 492,450 1,196,654 946,243 993,555 1,212,137 1,293,608 1,358,289 1,426,203 1,497,513 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 18 * The Area Charge is typically charged to developers when land is platted, based on the developable acreage of the site. City of Chanhassen Utility Rate Study Sewer Trunk Fund Projected Cash Flows 1 Assumptions 2 Investment Rate 3 25% 2 5% 30% 30% 3.0% 30% 30% 3.0% 30% 3.0% 3.0% 30% 30% 30% 3.0% 30% 3 0% 30% 4 5 Actual 6 2002 7 8 Sewer Hook-up Fee Revenue* 513,762 9 10 Debt and Capital Expenditures 11 Outstanding Sewer Oebt Payments 31,900 12 Capital Improvements 13 Total capital expenses 31,900 15 Cash Flow after Capital Expenditures 481,862 16 17 Investment Income 18 19 Beginning Cash Balance 20 Ending Cash Balance 800,000 22 Base Rate 4.33 23 Usage Rate 2 60 24 Average Monthly Bill 17.80 Projected 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 403,866 255,150 590,490 444,690 444,690 311,283 311,283 311,283 311,283 311.283 311,283 312,304 313,324 314,345 315,365 316,386 62,257 63,277 353,638 313,838 269,888 231,700 155,225 149,960 144,565 139,008 69,718 71,628 0 0 0 0 0 0 0 0 0 463,000 291,200 441,293 179,978 193,027 103,415 423,882 197,390 130,014 135,215 148,024 153,945 168,108 174,833 190,484 198,104 496,340 353.638 776,838 561,088 672.993 335,203 342.987 247.980 562.890 267.108 201,642 135,215 148,024 153,945 168,108 174,833 190.484 198,104 496,340 50,228 (521,688)29,402 (228.303) 109.487 (31.704)63.303 (251.607)44.175 109,641 176,068 164.279 159,379 146,236 140,533 125,902 (135.847) (433.063) 20,000 21.756 11,109 12,324 5,845 9,305 8,633 10,791 3,566 4,999 8,438 13,973 19,321 24,682 29,809 34,919 39.744 36,861 800,000 870,228 370,296 410.807 194,828 310.160 287.761 359.696 118.880 166,622 281,261 465,767 644,020 822,719993,637 1,163,979 1,324.8001,228,597 870,228 370,296 410.807 194,828 310,160 287,761 359,696 118,880 166,622 281,261 465.767 644,020 822,719 993,6371,163,979 1,324,800 1.228,697832,495 433 455 478 4 97 260 273 287 2.98 1764 1852 1863 19 38 5 17 5 37 5 59 5 81 5 99 6 17 6 35 654 674 6 94 7 15 7 36 7 58 781 310 3.22 335 349 3.59 370 381 3 93 4 04 4 16 429 442 4 85 4 69 20 15 20 96 21 80 22 67 2335 2405 2477 2551 2628 27 07 27 88 28 72 2958 3047 · The City assesses for hook-up fees and collects them, with interest, over an 8 year period This cash llow shows hook-up fees being paid in full in the year they are assessed 1/9/2004 City of Chanhassen Utility Rate Study Sewer Revenue Calculations 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 7 8 SAC charge per unit - residential 1,458 1,458 1,458 9 ~al ~ncf~ i~ S~wer H~k:up Fees 00% 10 Total Sewer Hook-up Fee Revenue - Residential 333,882 433,026 364,500 1,458 1,458 1,458 1,458 1,021 1,021 1,021 1,021 1,021 1,021 0;0%i 0:0% 0,0% !1010%! ~0.0% 0~/o 0.0% 0~0% 218,700 583,200 437,400 437,400 306,180 306,180 306,180 306,180 306,180 306,180 12 Usage- Residential 131 Percentage of water use assumed 0762 065 0 54 14 Annual usage 520,655,550 466,420,641 476,313,437 487,774,800 503,256,000 534,456,000 557,856,000 58t,256,000 604,656,000 628,056,000 651,456,000674,856,000 698,256,000 151Average consumption per connection per month 7,559 6,512 6,450 6,450 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 16[Minimum monthly fee 4~3 4~ 43~ 455 4 78 4 97 5 17 5.37 5.59 5 81 599 617 635 17 AnnuaH~e in base SeWer ~ate 5;0% 4.0% ; ;4~0% ~,0% 4.0% 3.0% 3.0% 3.0% 18 Sewer rate per 1,000 gal (after !,333 gallons) 260 2 60 260 2 7~ 287 298 3.10 322 3~5 349 3.59 3 70 3.8t 19 AnnUal increase in Usage sewer rate 50% 50% 4~0% 4.~/o 4,0"/o 4~0% 4.0% 3.0% 3.0% 3.0% 20 Sewer usage revenue - residential 1,413,460 1,274,833 1,302,481 1,400,512 1,442,583 1,593,299 1,729,580 1,874,215 2,027,653 2,190,368 2,340,135 2,496,918 2,681,001 21 Subtotal sewer revenues- Residential ~ ~ ~ ~ ~ 1,593,299 1,729,580 1,874,215 2,027,653 2,190,368 2,340,135 2,496,918 2,661,001 22 Average monthl}, bill per connecbon 2052 1780 17.64 1852 1863 19 38 2015 20 96 21.80 22.67 2335 24 05 2477 23 24 Number of New Commercial SAC Units 98 27 25 5 5 5 5 5 5 5 5 5 25 Hook-up charge per Connection 1,458 1,458 1,458 1,458 1,458 1,458 1,021 1,021 1,021 1,021 1,021 1,021 26 Hook-ups Total -Com m ercial 142,884 39,366 36,450 7,290 7,290 7,290 5,103 5,103 5,103 5,103 5,103 5,103 27 Total Commercial Connections (inoIuding churches & ch~ 142 146 143 Average Usage per Connection (70% of water use) 520,509 494,679 Total Usage - Commercial 73,912,30072,223,200 0 Usage Per Month/Connection - Commercial 43,376 41,223 Average Monthly biII per commercial connection 104 11 98.51 Total Commercial Revenue 177,404 172,596 Total ~ndustrial Connections 40 40 34 Average Use Per Connection - Industria~ 1,876,868 1,598,006 Total Usage - Industrial 69,631,80059,658,900 Total industrial Usage per Month/Connection 145,979 124,289 Average mon0y bill per industrial connection 37088 31449 Total Industrial Revenue 176,909 150,953 Total Commercial and Industrial Usage (70% of commercial water usage in 2004 and beyond, 60% in 2003 because it was a dry year ) Total C/I Usage per MontWConnection 65,816 59,087 Average monthly bill per C/I connection 162 45 144 96 145 147 149 151 153 155 157 159 161 163 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35 34 34 34 34 34 34 34 34 34 143.544,100 131,882,100 138,060,000 140,400,000141,180,000 142,740,000 144,300,000 145,860,000 147,420,000 148,980,000 150,540,000152,100,000 153,660,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 16033 168 35 17677 183 84 19119 19884 20679 215 06 22152 22816 235 01 44 45 46 Subtotal sewer revenues - Commercial and Industrial 47 48 Total Sewer Revenues (excluding Hook-up Fees) 49 50 Total Sewer Hook-Up Fee Revenue 51 52 MCES Disposal Costs 53 Residential Usage 54 Commercial, Industrial, & Public Usage 354,313 323,549 340,548 363,636 383,939 403,709 424,446 446,196 469,006 492,928 513,033 533,899 555,557 1,767,773 1,598,383 1,643,029 1,764,148 1,826,522 1,997,008 2,154,026 2,320,411 2,496,660 2,683,296 2,853,168 3,030,817 3,216,557 333,882 575,910 403,866 255,150 590,490 444,690 444,690 311,283 311,283 311,283 311,283 311,283 311,283 520,655,550 466,420,641 476.313,437 487,774,800 503,256,000 534,456,000 557,856,000 581,256,000 604,656,000 628,056,000 651,456,000674,856,000 698,256,000 143,544,100 131,882,100 138,060,000 140,400,000 141,180,000 142,740,000 144,300,000 145,860,000 147,420,000 148,980,000 150,540,000152,100,000 153,660,000 55 Total Usage 56 l&l Usage 50% in 2002; 26% in 2003; 32% beyond) 664,199,650 598,302,741 614,373,437 628,174,800 644,436,000 677,196,000 702,156,000 727,116,000 752,076,000 777,036,000 801,996,000826,956,000 851,916,000 332,099,825 299,151,371 159,737,094 201,015,936 206,219,520 216,702,720 224,689,920 232,677,120 240.664,320 248,651,520 256,638,720264,625,920 272,613,120 Sewer Usage for which Met Council charges city 996,299,475 897,454,112 774,110,530 829,190,736850,655,520 893,898,720 926,845,920 959,793,120992,740,320 1,025,687,520 1,058,634,720 1,091,581,920 1,124,529.120 57 MCES DisposaJ Costs 1,'~03;8691,006,344 1,111,116 1,190,918 1,305,092 1,390,269 1.497,277 1,610,6221,730,638 1,857,679 1,992,114 2,134,332 58 59 MCES Fee Assumption (rate per 1000 gallons) 1 18 1 23 1 30 1 34 1 4 1 46 1 50 1 56 1 62 169 t 75 1 82 190 60 (Met Council proiecbons thru 2007 Inflated by 4% thereafter) 424% 569% 308% 448% 429% 2 74% 40% 4 0% 4 0% 40% 4 0% 4 0% 1/9/2004 Sanitary Sewer Operating Fund Capital Improvements City of Chanhassen SEWER SYSTEM CAPITAL IMPROVEMENTS I 2003 I 2004 I 2005 I 2006 I 2007 I 2008 I 2009 I 2010 I 2011I 2012 I 2013 Sewer Replacement 240,000 150,006 I 150,000 160,000 170,000 Light Duty Trucks 33,000~ 36,000 Sewer Comp Plan Update 50,00¢ TOTAL 240,000 33,000 150,006 86,000 150,006 0 160000 0 170,000 0 Inflated Dollars 240,000 34,320 162,246 96,738 175,479 C 202,451 0 232,657 0 Inflation Rate 4% 1/9/2004 Sewer Trunk Fund Sanitary Sewer Capital Improvements SEWER SYSTEM CAPITAL IMPROVEMENTS 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20~6 2017 2018 2019 2020 Lift Station #2 Forcemain Separation308,00( 80.000 85,000 85,000 100,000 ~ &i Abat~ent 75,00( 75.O0C 80O0C 9O,000 90,000 95,OOO95,000 100,00( 105,00( ~05,00C H0,00C110,09O 115,09O BC-2 Trunk Exte~qslon Irom 8C 1 1 to BC I 2 30,00( ;(85k Iotal wllh 55k in ass~sm~ls) BC-2 Trunk Extension from E~C 1 2 fo BC 1 3 125,00£ ;(381k total with 256k in assessm~ts) BC-2 Trunk Ext~sion l¢om BC 1 2 to BC 1 4 93,00£ i(350k total with 257k in assessm6~t$) BC 3 Trunk Extension Irom BC 1 1 to BC 1 5 ~25,00( 405k total with 280k in assessmenls Lilt Slagon SCADA Upgrades 80,00( 80,00( 80,0001 80,0001 80,O00j LB 1 Trunk Exlension from LB ~ 1 to LR 2 1 (w,ziift station) 73ok total with 485k in asse~ssm~ls 245,000 6O,0OO 182k Iotal wilh 122k in assessments) LB-3, L8-5 LB-2 (500k total with 350k in assessme~l~ ~ 50,O0C TOTAL 463,00( 280,00( 408,0001 160,000 165r000 85,O0O335000 150,000 95,00095,0O0100,000 100,000 105,3O0 105,000 110,00£ 1~0,00( 265,3O£ InflatepDollers 463,00( 291,20( 441,293 179,978 ~93,027 103,415 423,882 197,390 130,014 135,215 148,024 153,945 168,108 174,833 190,48z 198,104 49O,34C Infla0on Rate 4% City of Chanhassen Utility Rate Study Sewer Operating Fund Projected Cash Flows 1 Assumptions: 2 User tee ra~e increase 3 Other revenue iecrease 4 Other expense increase 5 MCES increase 6 investment Earmngs 7 Percent expenses attributable to sewer 8 Percen~ o1 revenue attributable to sewer 9 10 3 OO% 50% 50% 60% 60% H[stor;cal ;;; 11 Estimated Actual 12 Cash Flow Statement 2001 2002 13 Operating Revenue 14 Sewer Charges 1,463,5001,433,682 15 Deduct for non-metered use (5%) 15 Misc Income 3,476 16 Sewer Surcharge 33,675 t7 Penalties 47,769 37,564 18 Total operating revenue 1,511,269t,508,397 19 20 Operating Expenses 21 Personal services 266,484 284,455 22 Contractual 242,330 22,822 23 Materials and Supplies 70,648 60,004 24 Consulting 22,150 24 Utilities 14,863 25 Repairs and Maintenance 162,028 129,758 26 MCES Disposal Fees 1,101,081 1,1;05i~55 27 Total Operating Expenses t ,842,571 1,640,007 28 29 Net cash flows from operating activities(331,302)(131,610 3O 31 32 Debt and Capital Expenditures 33 Capita~ Improvements 34 Total capital expenses 35 36 Cash Flow after Capital Expenditures 37 38 Investment Income 39 40 Beginning Cash Balance 41 Ending Cash Balance 1,628,328 42 43 Target Operating Reserve (6 months of operating expenses) 820,003 44 Target Amount to Fund Depreciation 45 Total 820,003 46 Actual as a Percent of Target Operating Reserve 199°/~ 47 48 Base Rate 4 32 49 Usage Rate 266 50 Average Monthly Bill 1786 0 00% 5 00% 5 00% 4 00% 4 00% 4.00% 200% 200% 200% 200% 200% 2.00% 300% 300% 300% 3 00% 3 00% 3 00% 569% 308% 4 48% 4.29% 2 74% 400% 250% 250% 300% 300% 300% 300% 4 00% 400% 300% 300% 300% 2 00% 200% 200% 200% 2 00% 3.00% 300% 300% 3.00% 300% 4 00% 4.00% 4 00% 400% 400% 300% 3 00% 300% 300% 3 00% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1,643,0291,764,1481,826,522 1,997,008 2,154,0262,320,4112,496,6602,683,2962,853,1683,030,8173,216,557 (82,151) (88,207) (91,326) (99,850) (107,701)(116,021)(124,833)(134,165)(142,658)(151,541)(160,828) 3,546 3,616 3,689 3,763 3,838 3,915 3,993 4,073 4,154 4,237 4,322 14,700 14,994 15,294 15,600 15,912 16,230 16,555 16,886 17,223 17,568 17,919 12,000 12,240 12,485 12,734 12,989 13,249 13,514 13,784 14,060 14,341 14,628 1,591,1231,706,791 1,766,664 1,929,254 2,079,063 2,237,784 2,405,888 2,583,874 2,745,947 2,915,422 3,092,599 292,988 301,778 310,831 320,156 329,761 339,654 349,843 360,338 371,149 382,283 393,752 23,507 24,212 24,938 25,686 26,457 27,251 28,068 28,910 29,778 30,671 31,591 61,804 63,658 65,568 67,535 69,561 71,648 73,797 76,011 78,292 80,640 83,060 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 15,309 15,769 16,242 16,729 17,231 17,748 18,280 18,829 19,393 19,975 20,574 150,000 154,500 159,135 163,909 168,826 173,891 179,108 184,481 190,016 195,716 201,587 1,006,3441,111,1161,190,918 1,305,092 1,390,2691,497.2771,610,6221,730,6381,857,6791,992,1142,134,332 1,559,952 1,681,332 1,778,241 1,910,035 2,013,360 2,139,061 2,271,659 2,411,507 2,558,974 2,714,448 2,878,335 31,171 25,459 (11,577)19,219 65,704 98,723 134,229 172,367 186,973 200,975 214,263 0 240,000 34,320 162,240 96,738 175,479 0 202,451 0 232,657 0 0 240,000 34,320 162,240 96,738 175,479 0 202,451 0 232,657 0 31,171 (214,541) (45,897) (143,021) (31,035) (78,756)134,229 (30,084) 188,973 (31,682) 214,263 40,708 42,505 45,845 45,844 42,928 43,285 42,281 47,576 48,101 55,153 55,857 1,628,3281,700,2071,528,171 1,528,119 1,430,9421,442,8351,409,3641,585,8741,603,3661,838,4401,861,912 1,700,2071,528,1711,528,119 1~430,942 1,442,8351~409,3641,585,8741~603,3661,838,4401,861,9122,132,032 779,976 840,666 889,120 955,017 1,006,6801,069,5301,135,8301,205,7531,279,4871,357,2241,439,168 779,976 840,666 889,120 955,017 1,006,6801,069,530 1,135,8301,205,753 1,279,4871,357,2241,439,168 218% 182% 172% 150% 143% 132% 140% 133% 144% 137% 148% 433 455 4 78 497 517 537 5.59 5 81 5.99 617 6 35 260 273 2.87 2 98 310 3 22 335 349 3 59 370 381 1764 1852 1863 19.38 2015 20.96 2180 2267 2335 24 05 2477 The City assesses for SAC revenues and collects them, with interest, over an 8 year period This cash flow shows SAC revenues being paid in full in the year they are assessed 1/9/2004 City of Chanhassen G.O Revenue Bond Debt Service Schedule Water Rev. Water Revenue Series 1998C Series 1999A Dated 35,947 12/1/1999 Amount $820,000 $1,670,000 Maturity 1 -Feb 1 -Feb TOTAL TOTAL Year Principal Interest Principal Interest PRINCIPAL INTEREST 2O02 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 0 14,353 85,000 26,985 85,000 23,345 90,000 19,625 90,000 15,710 95,000 11616 105,000 7,140 105,000 2,389 0 150 000 155 000 160 000 170 000 180 000 190 000 200 000 2OO 000 33,465 63,555 56,693 49,526 41,893 33,575 24,555 14,950 5,000 TOTAL ] P&I / 0 47,818 47,818/ 235,000 90,540 325,5401 240,000 80,038 320,038 250,000 69,151 319 151~ 260,000 57,603 317,603 275,000 45,191 320,191 295,000 31,695 326,695, 305,000 17,339 322,339 200,000 5,000 205,000 0 0 O~ 0 0 0 0 0 0 0 0 O, 0 0 0 0 0 0 0 0 0 0 0 0~ 655,000 121,163 1,405,000 323,212 2,060,000 444,375 2,504,375 City of Chanhassen Utility Rate Study G,O. Revenue Bond Debt Service Schedule Sewer and Water Revenue Series 2001A Dated 7/15/2001 Amount $1,645,000 Year 2O02 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 TOTAL Principal Interest P&I 0 295.000 265.000 230 000 200000 130 000 130 000 130 000 130 000 65 000 70 000 31.900 58638 48.838 39888 31.700 25.225 19.960 14.565 9,008 4,718 1,628 31,900 353,638 313,838 269,888 231,700 155,225 149,960 144,565 139,008 69,718 71,628 City of Chanhassen Projected Water and Sewer Bills With 2 Plants in 2004 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Averaqe Quarterly Residential Bill Assumes quarterly use of 30,000 gallons water and 19,350 gallons sewer. Sewer 52.91 52.91 55.56 58.34 Water 40.00 40.00 47.13 49.72 Total 92.91 92.91 102.68 108.05 Combined Fee Increase 0.0% 0.0% 10.5% 5.2% Sample Bill for Lower Water USer Assumes quarterly use of 21,000 gallons water and 15,000 Sewer 48.53 48.53 Water 27.30 27.30 Total 75.83 75.83 Combined Fee Increase 0.0% 0.0% 60.67 63.10 65.62 68.25 70.97 73.10 75.30 77.56 52.45 54.81 57.28 59.86 61.05 62.27 63.52 64.79 113.12 117.91 122.90 128.10 132.03 135.38 138.82 142.35 4.7% 4.2% 4.2% 4.2% 3.1% 2.5% 2.5% 2.5% Hook-up Fees Per Unit Met Council SAC Fee 1,275 1,350 1,425 1,500 1,575 1,650 1,725 1,800 1,875 1,950 2,025 City Sewer Hook-up Fee 1,458 1,458 1,458 1,458 1,458 1,021 1,021 1,021 1,021 1,021 1,021 City Water Hook-up Fee 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 5,072 Total 4,609 5,622 5,838 6,060 6,291 6,645 6,919 7,202 7,496 7,801 8,118 Percent Increase 22.0% 3.8% 3.8% 3.8% 5.6% 4.1% 4.1% 4.1% 4.1% 4.1% Total Fund Balances 9,073,491 7,161,713 7,222,914 5,105,848 5,517,969 4,400,537 5,018,067 3,835,549 4,165,112 5,083,689 5,479,575 gallons sewer 50.96 53.51 55.65 57.87 60.19 62.60 65.10 67.05 69.07 71.14 31.67 33.41 35.25 36.83 38.49 40.22 41.03 41.85 42.68 43.54 82.63 86.92 90.90 94.71 98.68 102.82 106.13 108.90 111.75 114.68 9.0% 5.2% 4.6% 4.2% 4.2% 4.2% 3.2% 2.6% 2.6% 2.6% With 2 Plants in 2004 City of Chanhassen Water System Capital Improvement Plan Capital Costs To Be Supported By Connection Fees (City estimates of future costs) Project 2003 2004 2005 ~ 200.~6 ! 2007 ~ 2008 2009 201.~0 201'1 2012 2013 2014 2015 2016 2017 2018 2019 2020 Minnewashta Loop 300,000 (Total proiect cost =$600k with UofM paying $300k) TH 212 Utilities 5,000 155,000 i$925k total with $770k to be assessedt TH 41 Watermain 20,000 100,000 ',$200k total with $100k to be assessed/ Arboretum Watermain 20,000 200,000 Public Works Expansion 500,000 Well 9 70,000 900,000 Welt 10 72,000 900,000 Well 11 75,000 900,000 Well 12 77,000 900,000 Well 13 80,000 900,000 Well 14 85,000 900,000 Water Tower 2,810,000 Phase Il Treatment (5 MGD) 6,500,000 0 0 Raw Water Collection S~stem 500,000 90,000 100,000 50,000 Pressure Reducing Station 4 50,000 Pressure Reducing Station 7 45,000 Pressure Reducing Station 8 45,000 Pressure Reducing Station 5 45,000 Pressure Reducin~ Station 10 55,000 Pressure Reducing Station 9 ~ ~ 55.000 Trunk Main Oversizin~i 1 ! 8M total with $1 045M to be assessec 135,000 10,000 i$108k total with $98k asse.' 100,000 50,000 ;$1 1M ~otal with $1 OM to be assessec 100,000 TotallnflatedClPExpense 70,000 ! 7,725,000I 407,6801,925,248 146,232 1,637,802I 93,6821,328,585 3,881,999109,486I 11'423'312 125,8211,624,12480,052 0 0 0 103,014 inflation Rate 4.0°/~ g ',eng\water treatment\utility rate study ian 8 xls 1'9/2004 Trunk Fee Supporled C]P 3 4O PM City of Chanhassen Water Fund with Phased Treatment Operating Cash Flew Assumotions: 1% Water Pumped but not sold 10.00% 2 Other revenue increase 2 00% 3 Other expense increase 3.00% 4 Investment Rate 3 00% 3 00% 5 Percent et total expenses attributable to water eps 50% 50% 7 Cash Flow Statement 8 9 Operating Revenue 2001 2002 10 Water sales 1.118,759 11 Water Pumped 5ul nol sold (10% of Line 9} 12 Meter sales t3 Penalties 31,846 14 Special assessments 15 Misc Income 16 Total Revenue 1,150,605 17 18 Existin90peratin9 Expenses 19 Personal services 266,484 20 Charge back to general fund for admin Support 21 Contractual 242,330 22 Materials and Supplies 70,648 23 Utilities 24 Remitance to Other Agencies 27,174 25 Water Meters for resale 26 Consulting 27 Repairs and Maintenance 162,028 28 Total Operating Expenses 768,664 29 30 Operating Expense Per 1000 Gal (before treatment 0.8818 31 32 Net cash flows from existing operating activity 381,941 33 34 Operating Expenses for new treatment plant (see Note 2) 35 36 Cash flow after treatment 37 36 Capital Expenses for Water System Improvements 39 Capital Improvements - Paid with Cash 40 Debt Service for Lotus Treatment Plant (see Note 1 ) 41 Total 42 43 Investment Income 44 48 Net cash flow after phased treatment 46 47 Beginning Cash Balance 46 Ending Cash Balance 49 50 Target Operating Reserve (6 months of operating expenses) 51 Target Amount to Fund Depreciation 52 Total Target Reserves 53 Actual as a Percent of Target Operating and Depreciation Reserves 54 55 Notes 56 57 58 59 Usage Rate 60 Average monthly bill 5 00% 500% 5 00% 500% 500% 5.00% 500% 500% 500% 5 00% 200% 200% 200% 200% 200% 2 00% 200% 2 00% 200% 2.00% 300% 3 00% 300% 3 00% 300% 300% 3 00% 300% 3 00% 3 00% 3.00% 3.00% 3 00% 300% 3 00% 300% 300% 300% 300% 300% With 2 Plants in 2004 1,129,634 78,437 30,051 2,256 1,240,378 284,455 22,822 82,122 133,771 36,745 66,813 32,150 129758 788,635! 0.8408 451,743 Anticipated 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1,570,020 1,662,708 1,840,922 1.998,6402,151,9782,315,070 2,488,4822,608,870 2,733,0782,861,21t 2,993,376 (157,002) (83,135) (92,046) (99,932) (107,599)(115,753) (124,424)(130,443) 1136,654)(143,061) (149,669) 48,000 48,960 49,939 50,938 51,957 52,996 54,056 55,137 56,240 57,364 58,512 12,000 20,000 20,400 20,808 21,224 21,649 22,082 22,523 22,974 23,433 23,902 0 0 0 0 0 0 0 0 0 0 0 15,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 5,858 5,975 1,488,018 1,653,533 1,824,315 1,975,6562,122,8662,279,373 2,445,7152,561,717 2,681,3812,804,806 2,932,096 235,000 300,000 309,000 318,270 327,818 337,653 347,782 358,216 368,962 380,031 391,432 50,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 23,507 24,212 24,938 25,686 26,457 27,251 28,068 28,910 29,778 30,671 31,591 84,586 87,123 89,737 92,429 95,202 98,058 101,000 104,030 107,151 110,365 113,676 137,784 141,917 146,175 150,560 155,077 159,729 164,521 169,457 174,540 179,777 185,170 37,847 38,983 40,152 41,357 42,598 43,875 45,192 46,547 47,944 49,382 50,864 45,000 46,350 47.741 49,173 50,648 52,167 53,732 55,344 57,005 58,715 60,476 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 133,651 137,660 141,790 146,044 150,425 154,938 159,586 164,374 169,305 174,384 179,615 707,374 836,545 910,142 934,446 959,479 985.264 0.6175 0.8160 0.8490 0.8440 0.8400 0.8368 780,644 816,988 914,174 1,041,210 1,163,3871,294,109 415,000 427,450 440,274 453,482 780,644 816,988 499,174 613,760 723,114 840,628 1,011,8221.039,176 1,067,3521,096,372 1,126,263 0.8345 0.8329 0.8321 0.8319 0.8324 1,433,8941,522,541 1,614,0291,708,434 1,805,833 467,086 481,099 495,532 510,398 525,710 966,808 1,041,442 1,118,4971,198,036 1,280,123 486,661 847,764 986,949 294,242 0 432,900 432,900 432,900 432,900 432,900 919,561 1,280,664 1,419.849 727.142 432,900 66,801 70,222 65,152 58,066 73,935 114,047 (168,999) (236,199) 528,960 921,158 2,226,6982,340,745 2,171,7461,935,547 2,464,507 2,340,7452,171,746 1,935,5472,464,507 3,385,665 739,454 760,138 781,442 803,385 825,986 739,454 760,138 781,442 803,385 825,986 317% 286% 248% 307% 410% 65,700 346,000 36,400 209,830 0 193,027 216,450 432,900 432,900 432,900 432,900 66,700 562,450 469,300 642,730 432,900 625,927 15,000 36,868 45,611 47,875 48,442 58,602 728,944 291,406 75,484 18,905 338,656 273,303 500,000 1,228,944 1,520,350 1,595,834 1,614,7391,953,395 1.228,944 1,520,350 1,595,834 1,614,739 1,953,3952,226,698 353,687 418,273 662,571 680,948 699,876 719,373 353,687 418,273 662,571 680,948 699,876 719,373 347% 363% 24t% 237% 279% 310% t. $4 5 million lotus pressure plant is assumed to be financed in 2004 with $4,650,000 go improvement bonds with a 15 year term and a 525% interest rate 2 Operating expense for Phase II Treatment are $148,000 from 2005 thru 2008; in 2009 the cost rises to $468,000 and inflates thereafter. Costs include one new operator for each plant 1 30 1 30 1 51 1 59 1 68 1 75 1 83 1 92 1 95 1 99 203 1336 16 25 16 53 17 88 18.25 18.81 19 40 20 03 20 21 20 39 2059 207 20 81 119/2004 City of Chanhassen Utilit~ Rate Study Water Revenue Calculations Units Built With 2 Plants in 2004 MUSA Projections852 t t 63 348 This Model 1,012 1,600 1,500 Actual Actual 2~00 2001 2007 2011 2012 2013 27,70~ 281486 29~268 30,046 2;60 2.60 260 95 ; 95 95 8,~52 8 ~ 8 952 7 Hook-up fee per unit - residential 1 694 1,723 1 802 ,876 2,814 2 955 3,102 3 258 3,974 4,173 4,382 4,601 4,831 5,072 9 Total Hook-up Fee Revenue - Residentia~ 535,194 469,000 422,100 1,181,880 930,731 977,267 1,192,266 1,251,879 1,314,473 1,380,197 1,449,206 1,521,667 11 Usage - Residential 12 Annualusage 654,537,000 683,275,000 717,570,217 882,061,920789,411,050 825,473,050 852,519,550 879,566,050 906,612,550 933,659,050 960,705,550 987,752,050 1,014,798,550 1,041,845,050 13 Average consumption per connection per month 10 027 9,920 10,018 11,944 10,439 10,662 10,368 10,248 10,138 t0,037 9,943 9,855 9,774 9,698 14 Water rate per 1,000 gal 1 30 1 30 1.30 1.30 1 51 1 59 1 68 1 75 1 83 1 92 1 95 1 99 2 03 207 15 Water rate over 8,333 gallons/month 1 50 1 50 1 50 1 50 1 89 1 99 2 10 219 229 239 2 44 249 254 2.59 t 6 ArmfUl; [~ i~ ~g~ Charge 0~00% 55% 55% 20% 2:0% 2:0% 20 Average monthly bill per connection 13 37 17 Revenue for 1st 8,333 gallons/month 706,917 745,902 775,660 799,700 949,961 1 026,064 t .149,6081,253,939 1,365,331 1,484,209 1,572,481 1,663,689 1,757,917 1,855,249 18 Revenue for higher use 165,838 163,947 181,041 400,030 300,160 358,556 351,103 360,429 369,885 379,461 379,840 380,083 380,184 380,136 19 Water usage revenue - residential 872,755 909,848 956,701 1,199,730 1,250,122 1,384,820 1,500,711 1,614,368 1,735,216 1,863,670 1,952,321 2,043,772 2,138,101 2,235,385 13 21 1336 1625 16 53 1788 18 25 1881 1940 2003 2021 20 39 2059 20 81 22 Number of New Commercial SAC Unfts 23 Hook-up fee per SAC Unit 24 Irrigation connections-new 98 27 25 5 5 5 5 5 5 5 5 5 1,802 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 5.072 0 0 0 0 0 0 5 5 5 5 5 1,802 1,876 2,814 2,955 3,102 3,258 3,974 4,173 4,382 4,601 4,831 5,072 76,596 50,652 70,350 14,774 15, 512 16,288 19,871 41,729 43,816 46,007 48,307 50,722 123 142 146 131 133 135 137 139 141 143 145 147 149 151 71,683 60,549 0 105,589,000 103,176,000 40 40 40 36 37 37 37 37 37 37 37 37 37 37 2,502,491 2,130,675 99,474,00085,227,000 205,063,000 188,403,000 220,430,067 263,473,041235,798,106 246,569,872 254,648,697 262,727,521 270,806,346 278,885,171 286,963,995 295,042,820 303,121,645 311,200,469 24% 21% 23 5% 23 0% 230% 230% 230% 23.0% 23% 23% 23% 23% 23% 23% 163 182 186 167 170 172 174 176 178 180 182 184 186 188 105,161 86.265 98,759 131,474 115,587 119,462 121,958 124,398 126,782 129,114 131,394 133,624 135,807 137,943 283.35O 255,436 3O2,876 370.291 412,587 456,303 497.929 537,610 579,854 624,811 656,549 689,3O5 723,110 757,991 0 43 Total Water Revenues - Usage only (excluding hook-up fe~: 1,156,106 44 45 Total Water Usage 859,600,000 46 Billed water usage million gallons per day 236 0 711,790 519,652 492,450 1,196,654 946,243 993,555 1,212,137 1,293,608 1,358,289 1,426,203 1,497513 1,572,389 1,165,284t,259,577 1,570,020 1,662,708 1,840,922 1,998,640 2,151,978 2,315,070 2,488,482 2,608,870 2,733,078 2,861,211 2.993,376 871,678,000 938,000,284 1,145,534.961 1,025,209,156 1,072,042,922 1,107,168,247 t,142,293,571 1,177,418,896 1,212,544,221 1,247,669,545 1,282,794,870 1,317,920,195 1,353,045,519 239 257 314 2 81 294 3 03 3 13 323 3.32 342 3 51 361 371 11912004 Fee Comparison for Single Family Lot Utility Infrastructure Fees 559 to 1,158 2,376 648 413 none none 465 150 440 Inside MUSA 295-675 OuBideMUSA 315 1,055 included in water 1,617 1,508 1,541 6O5 740 1,956 MUSA Expansion Area -~ 2,450 I Credit River District 2,450 I none - WAC pays for trunk 1,000 731 629 1,833 776 1,405 878 1,419 1,155 568 500-660 776 727 3,785 2,523 none 741 891 3,996 to 4,595 4,001 4,392 5,463 5,129 Inside MUSA 4,930 to 5,469 (and up) Outside MUSA 6,564 (and up) 5,909 MUSA Expansion Area 10,190 Credit River District 1,850 2,900 and up 2,900 and up 1,395 2,550 2,550 8,401 ;:, 5-7 5