HomeMy WebLinkAboutBoard of Selectmen Agenda March 2, 2011 Packet_201402061634002389FY2012 Sewer FY2012 Sewer Projects ReviewProjects ReviewBoard of SelectmenBoard of SelectmenMarch 2, 2011March 2, 2011
Sewer Rate Projection Sewer Rate Projection Review ObjectiveReview ObjectiveAddress Board of Selectmen GoalAddress Board of Selectmen GoalInfrastructure ImprovementsInfrastructure ImprovementsAdopt Sewer PlanAdopt Sewer PlanReview ratesReview ratesReview funding optionsReview funding optionsDevelop a 5Develop a 5--10 year strategic plan.10 year strategic plan.
Sewer Enterprise FundSewer Enterprise FundRate HistoryRate HistoryAs of 03/02/2011As of 03/02/2011$30 per Month$30 per Month$4.50 / 100 CF$4.50 / 100 CFNovember 1, 2010 November 1, 2010 ––January 12, 2011January 12, 2011$30 per Month$30 per Month$4.50 / 100 CF$4.50 / 100 CFNovember 1, 2009 November 1, 2009 ––April 30, 2010April 30, 2010$30 per Month$30 per Month$6.00 / 100 CF$6.00 / 100 CFMay 1, 2010 May 1, 2010 ––October 31, 2010October 31, 2010$25 per Month$25 per Month$4.10 / 100 CF$4.10 / 100 CFOctober 2008 October 2008 ––May 2009May 2009$25 per Month$25 per Month$5.00 / 100 CF$5.00 / 100 CFJune 1, 2009 June 1, 2009 ––June 30, 2009June 30, 2009$30 per Month$30 per Month$6.00 / 100 CF$6.00 / 100 CFJuly 1, 2009 July 1, 2009 ––October 31, 2009October 31, 2009$25 per Month$25 per Month$5.00 / 100 CF$5.00 / 100 CFJuly 2008 July 2008 ––September 2008September 2008$25 per Month$25 per Month$3.10 / 100 CF$3.10 / 100 CFJune 2007June 2007$15 per Month$15 per Month$1.84 / 100 CF$1.84 / 100 CFJune 2005June 2005Service ChargeService ChargeMetered RateMetered RateEffective DateEffective Date
Sewer Enterprise Fund Sewer Enterprise Fund Project Funding OptionsProject Funding OptionsOption #1 Option #1 100% Betterment on Needs Area Properties100% Betterment on Needs Area PropertiesOption #2Option #250% Betterment on Needs Area Properties50% Betterment on Needs Area Properties50% Debt Override50% Debt OverrideOption #3Option #334% Betterment on Needs Area Properties34% Betterment on Needs Area Properties33% Debt Override33% Debt Override33% Rate Payer33% Rate PayerOption #4Option #425% Betterment on Needs Area Properties25% Betterment on Needs Area Properties75% Debt Override75% Debt OverrideOption #5Option #5100% Rate Payer100% Rate Payer*20 Year Debt Service Cost**Also reviewed, 75% / 25% betterment - debt service; 50% / 50% betterment - debt service; and 25% / 75% betterment – debt service ratios
Sewer Enterprise FundSewer Enterprise FundPhase II B ProjectPhase II B ProjectConstruction Cost: Construction Cost: $5,000,000$5,000,000Debt Service (20 Years @ 4.0%)Debt Service (20 Years @ 4.0%)Project number of lots: N/AProject number of lots: N/AN/AN/AN/AN/AOption #4: 25% Betterment Option #4: 25% Betterment 75% Debt Override75% Debt OverrideN/AN/AN/AN/AOption #2: 50% BettermentOption #2: 50% Betterment50% Debt Override50% Debt OverrideAvg Res. Increase Avg Res. Increase ““PeakPeak””& & ““Off PeakOff Peak””RatesRatesAverage Cost per LotAverage Cost per Lot(20 Years)(20 Years)Funding OptionsFunding Options(20 Years)(20 Years)Off Peak $5.75 / 100 CF*Off Peak $5.75 / 100 CF*Peak $7.25 / 100 CF*Peak $7.25 / 100 CF*N/AN/AN/AN/AOff Peak From $79 to $113Off Peak From $79 to $113Peak From $530 to $591Peak From $530 to $591Option #5: 100% Rate PayerOption #5: 100% Rate PayerN/AN/AOption #3: 34% BettermentOption #3: 34% Betterment33% Debt Override33% Debt Override33% Rate Payer33% Rate PayerN/AN/AOption #1: 100% BettermentOption #1: 100% Betterment
Sewer Enterprise FundSewer Enterprise FundMonomoy ProjectMonomoy ProjectN/AN/A$2,315 Per Year$2,315 Per Year$80 Per Taxpayer Per Year$80 Per Taxpayer Per YearOption #4: 25% Betterment Option #4: 25% Betterment 75% Debt Override75% Debt OverrideN/AN/A$5,149 1$5,149 1ststYearYear$6,995 2$6,995 2ndnd––2020ththYearYearOption #1: 100% BettermentOption #1: 100% BettermentAvg Res. Increase Avg Res. Increase ““PeakPeak””& & ““Off PeakOff Peak””RatesRatesAverage Cost per LotAverage Cost per Lot(20 Years)(20 Years)Funding OptionsFunding Options(20 Years)(20 Years)Off Peak $7.20 / 100 CF*Off Peak $7.20 / 100 CF*Peak $8.70 / 100 CF*Peak $8.70 / 100 CF*$ 2,378 Per Year$ 2,378 Per Year$ 36 Per Taxpayer Per Year$ 36 Per Taxpayer Per Year$110 Annual Off Peak & $579 Peak $110 Annual Off Peak & $579 Peak $4,021 Per Year$4,021 Per Year$53 Per Taxpayer Per Year$53 Per Taxpayer Per YearOff Peak From $79 to $142Off Peak From $79 to $142Peak From $530 to $709Peak From $530 to $709Option #5: 100% Rate PayerOption #5: 100% Rate PayerOff Peak From $79 to $110Off Peak From $79 to $110Peak From $530 to $579Peak From $530 to $579Option #3: 34% BettermentOption #3: 34% Betterment33% Debt Override33% Debt Override33% Rate Payer33% Rate PayerN/AN/AOption #2: 50% BettermentOption #2: 50% Betterment50% Debt Override50% Debt OverrideDesign & Construction Cost: Design & Construction Cost: $15,560,000$15,560,000Debt Service Design (5 Years @ 4.0%)Debt Service Design (5 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Project number of lots: 178 Existing; 100 PotentialProject number of lots: 178 Existing; 100 Potential
Sewer Enterprise FundSewer Enterprise FundShimmoShimmoProjectProjectConstruction Cost: Construction Cost: $19,666,000$19,666,000Debt Service Design (5 Years @ 4.0%)Debt Service Design (5 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Project number of lots: 216 Existing; 185 PotentialProject number of lots: 216 Existing; 185 PotentialN/AN/A$1,843 Per Year$1,843 Per Year$105 Per Taxpayer Per Year$105 Per Taxpayer Per YearOption #4: 25% Betterment Option #4: 25% Betterment 75% Debt Override75% Debt OverrideN/AN/A$7,373 1$7,373 1ststYearYear$7,065 2$7,065 2ndnd––2020ththYearYearOption #1: 100% BettermentOption #1: 100% BettermentAvg Res. Increase Avg Res. Increase ““PeakPeak””& & ““Off PeakOff Peak””RatesRatesAverage Cost per LotAverage Cost per Lot(20 Years)(20 Years)Funding OptionsFunding Options(20 Years)(20 Years)Off Peak $7.90 / 100 CF*Off Peak $7.90 / 100 CF*Peak $9.40 / 100 CF*Peak $9.40 / 100 CF*$ 2,507 Per Year$ 2,507 Per Year$ 36 Per Taxpayer Per Year$ 36 Per Taxpayer Per Year$ 114 Annual Off Peak & $596 Peak $ 114 Annual Off Peak & $596 Peak $3,686 Per Year$3,686 Per Year$70 Per Taxpayer Per Year$70 Per Taxpayer Per YearOff Peak From $79 to $155Off Peak From $79 to $155Peak From $530 to $766Peak From $530 to $766Option #5: 100% Rate PayerOption #5: 100% Rate PayerOff Peak From $79 to $114Off Peak From $79 to $114Peak From $530 to $596Peak From $530 to $596Option #3: 34% BettermentOption #3: 34% Betterment33% Debt Override33% Debt Override33% Rate Payer33% Rate PayerN/AN/AOption #2: 50% BettermentOption #2: 50% Betterment50% Debt Override50% Debt Override
Sewer Enterprise FundSewer Enterprise FundSomerset ProjectSomerset ProjectConstruction Cost: Construction Cost: $17,890,000$17,890,000Debt Service Design (5 Years @ 4.0%)Debt Service Design (5 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Debt Service Construction (20 Years @ 4.0%)Project number of lots: 235 Existing; 263 PotentialProject number of lots: 235 Existing; 263 PotentialN/AN/A$4,060 Per Year$4,060 Per Year$64 Per Taxpayer Per Year$64 Per Taxpayer Per YearOption #2: 50% BettermentOption #2: 50% Betterment50% Debt Override50% Debt OverrideOff Peak From $79 to $117Off Peak From $79 to $117Peak From $530 to $607Peak From $530 to $607$2,590 Per Year$2,590 Per Year$52 Per Taxpayer Per Year$52 Per Taxpayer Per Year$ 117 Annual Off Peak & 607 Peak $ 117 Annual Off Peak & 607 Peak Option #3: 34% BettermentOption #3: 34% Betterment33% Debt Override33% Debt Override33% Rate Payer33% Rate PayerAvg Res. Increase Avg Res. Increase ““PeakPeak””& & ““Off PeakOff Peak””RatesRatesAverage Cost per LotAverage Cost per Lot(20 Years)(20 Years)Funding OptionsFunding Options(20 Years)(20 Years)Off Peak $8.25 / 100 CF*Off Peak $8.25 / 100 CF*Peak $9.75 / 100 CF*Peak $9.75 / 100 CF*$2,275 Per Year$2,275 Per Year$93 Per Taxpayer Per Year$93 Per Taxpayer Per Year$7,618 1$7,618 1ststYearYear$7,632 2$7,632 2ndnd––2020ththYearYearOff Peak From $79 to $162Off Peak From $79 to $162Peak From $530 to $795Peak From $530 to $795Option #5: 100% Rate PayerOption #5: 100% Rate PayerN/AN/AOption #4: 25% Betterment Option #4: 25% Betterment 75% Debt Override75% Debt OverrideN/AN/AOption #1: 100% BettermentOption #1: 100% Betterment
Sewer Enterprise FundSewer Enterprise FundFuture Projects CumulativeFuture Projects Cumulative$4,053 Avg Per Lot$4,053 Avg Per Lot$194 Per Taxpayer$194 Per Taxpayer+ Rate Increase+ Rate Increase$4,049 Avg Per Lot$4,049 Avg Per Lot$120 Per Taxpayer$120 Per Taxpayer+ Rate Increase+ Rate Increase$4,021 Avg Per Lot$4,021 Avg Per Lot$53 Per Taxpayer$53 Per Taxpayer+ Rate Increase+ Rate IncreaseN/AN/A50% Betterment50% Betterment50% Debt 50% Debt Override Per YrOverride Per Yr$6,995 (Mon)$6,995 (Mon)$7,065 (Shim)$7,065 (Shim)$7,632 ($7,632 (SomSom))+ Rate Increase+ Rate Increase$6,995 (Mon)$6,995 (Mon)$7,065 (Shim)$7,065 (Shim)+ Rate Increase+ Rate Increase$6,995 (Mon)$6,995 (Mon)+ Rate Increase+ Rate IncreaseN/AN/A100% 100% BettermentBettermentPer Lot Per YrPer Lot Per YrOff Peak $10.50/100 CF*Peak $12.00 / 100CF*$2,321 Avg Per Lot$2,321 Avg Per Lot$180 Per Taxpayer$180 Per Taxpayer+ Rate Increase+ Rate Increase$2,449 Avg Per Lot $2,449 Avg Per Lot $ 83 Per Taxpayer $ 83 Per Taxpayer $ 153 Annual Off Peak $ 153 Annual Off Peak $ 754 Annual Peak$ 754 Annual Peak394 394 ExistingExistingPhase II B + Phase II B + Monomoy +Monomoy +ShimmoShimmoOff Peak $8.15/100 CF*Peak $9.65/ 100CF*$2,315 Avg Per Lot$2,315 Avg Per Lot$80 Per Taxpayer$80 Per Taxpayer+Rate Increase+Rate Increase$1,988 Avg Per Lot $1,988 Avg Per Lot $ 36 Per Taxpayer $ 36 Per Taxpayer $ 129 Annual Off Peak $ 129 Annual Off Peak $ 656 Annual Peak$ 656 Annual Peak178 178 ExistingExistingPhase II B + Phase II B + MonomoyMonomoy100% Rate Payer Per 100% Rate Payer Per SeasonSeason25% Betterment25% Betterment75% Debt Override 75% Debt Override Per YrPer Yr34% Betterment 34% Betterment Per Lot Per YrPer Lot Per Yr33% Debt Override 33% Debt Override Per YrPer Yr33% Rate Payer Per 33% Rate Payer Per SeasonSeasonOff Peak $14.00/100 CF*Peak $15.50 / 100CF*$2,330 Avg Per Lot$2,330 Avg Per Lot$292 Per Taxpayer$292 Per Taxpayer+ Rate Increase+ Rate Increase$2,455 Avg Per Lot $2,455 Avg Per Lot $ 132 Per Taxpayer $ 132 Per Taxpayer $174 Annual Off Peak $174 Annual Off Peak $ 844 Annual Peak $ 844 Annual Peak 629 629 ExistingExistingPhase II B + Phase II B + Monomoy +Monomoy +ShimmoShimmo++SomersetSomersetOff Peak $5.75/100 CF*Peak $7.25 / 100CF*N/AN/AN/AN/AN/AN/APhase II BPhase II BAverage Cost per Lot and/or Rate Increase (20 Years)Average Cost per Lot and/or Rate Increase (20 Years)# of # of LotsLotsProjectProject
Next StepsNext StepsIdentify projects moving forward in FY2012Identify projects moving forward in FY2012Determine FY2012 projects funding optionDetermine FY2012 projects funding option