HomeMy WebLinkAbout1996-02-13 WSB AGENDAAGENDA
ENGLEWOOD WATER AND SEWER BOARD
FEBRUARY 13, 1996
5:00 P.M.
COMMUNITY ROOM
1. MINUTES OF THE JANUARY 9, 1996 MEETING. {ATT. 1)
2. INFORMATIONAL ITEMS:
A. MEMO REGARDING NEW SUBDIVISION ON E. ORCHARD
IN S. ENGLEWOOD SAN. DIST. (ATT. 2)
B. LETTER DATED 2-2-96 FROM BANTA, HOYT
RE: S. ARAPAHOE SAN. UNPAID TAP FEES (ATT. 3)
C. LETTER DATED 2-1-96 FROM CENTENNIAL
RE: CAPACITY IN CITY DITCH (ATT. 4)
D. MEMO FROM BRADLEY COLDIRON
RE: BUELL PROPERTY -STATUS UPDATE (ATT. 5)
E. LETTER FROM PUBLIC FINANCIAL MANAGEMENT, INC.
RE: FINANCING PLAN FOR 1996-97 WATER PROJECTS
(ATT. 6)
3. POLICY CLARIFICATION REGARDING SERVICE LINES, METER
PITS, ETC. (TIME PERMITTING).
4. OTHER.
5. PUBLIC MEETING -WATER RATE INCREASE.
(BEGINS AT 5:30 P.M. IN COMMUNITY ROOM)
A Tl: J
WATER AND SEWER BOARD
MINUTES
JANUARY 9, 1996
The meeting was ca l led to order at 5:03 p.m.
Chairman Fullerton declared a quorum present.
Members present:
Members absent:
Also present:
Fullerton, Lay, Otis, Resley
Vobejda, Wiggins
Habenicht, Burns, Neumann
Stewart Fonda, Director of
Utilities
John Bock, Utilities Manager
1. MINUTES OF THE DECEMBER 12, 1995 MEETING.
The Englewood Water and Sewer Board Minutes from the
December 12, 1995 meeting were approved as written.
Mr. Vobejda moved;
Mr. Otis seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To approve the December 12,
1995 Englewood Water and Sewer
Minutes as written.
Fullerton, Lay, Otis, Resley,
Resley, Vobejda, Wiggins
None
Habenicht, Burns, Neumann
Tom Burns entered at 5:07 p.m.
Alex Habenicht entered at 5:08 p.m.
2. GUEST: PAUL WUTHRICH -WASTE MANAGEMENT OF COLO.
Mr. Wuthrich appeared to discuss the request from Waste
Management to be allowed to discharge wastewater from its
lift station at Union Avenue into the sanitary sewer without
time restrictions. Mr. Wuthrich presented a certificate of
insurance as a form of financial assurance from Waste
Management. This i s to be used in the case of damage caused
to homes on Clay Court to Decatur St. as a direct result of
a blockage in the gravity main in Union Avenue, caused by
Waste Management. The Board concurred. Waste Management
will hold a meeting to inform residents in the area affected
of the arrangement with Waste Management and for citizens to
voice their concerns.
3. McLELLAN/C-4 7 0 INTERCHANGE.
Stu noted that a representative from Highlands
Ranch/Centennial was scheduled to appear, but additional
negotiations on the proposed road and bike trails are
necessary before a formal request can be presented to the
Board. The Board received an overview packet for their
information.
4. CITY DITCH VAULT STRUCTURES.
The Board received a request from the Utilities' Department
staff for approval of a project to construct four City Ditch
vault structures, on the City Ditch from Chatfield Reservoir
to the McLellan Pump Station. Completion of this project
will enable the City to use its' 1948 Water Right from
Chatfield and pump the water to McLellan Reservoir.
Englewood currently cannot use this right because of the
ditch icing in the winter.
A bid opening was held on January 4, 1996.
Construction Company was the recommended to
low bidder at $82,000. FLO Engineering has
acceptance of this low bid.
New Design
Council as the
recommended
Mr. Otis moved;
Mr. Resley seconded: To recommend Council approval
of the low bidder, New Design
Construction Company for the
City Ditch Vault Structures
project.
Ayes:
Nays:
Members absent:
Motion carried.
Fullerton, Lay, Otis, Resley,
Resley, Vobejda, Wiggins,
Habenicht, Burns
None
Neumann
5. PARTICIPATION AGREEMENT FOR THE SOUTH PLATTE
WILD AND SCENIC RIVER REVIEW.
The Board received a copy of the proposed South Platte Wild
and Scenic River Review Project Participation Agreement. It
is proposed that the City purchase a share with Centennial
Water and Sanitation District. Englewood's half of the
share would be $3,000. Participation in the agreement would
allow Englewood to provide comments and concerns through a
collaborative effort.
Mr. Fullerton moved;
Mr. Otis seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To recommend Council approval
of the Participation Agreement
for the South Platte Wild and
Scenic River Review.
Fullerton, Lay, Otis, Resley,
Resley, Vobejda, Wiggins,
Habenicht, Burns
None
Neumann
6. CULTURAL AFFAIRS COMMISSION.
Alex Habenicht discussed the proposed ordinance for creating
a Cultural Affairs Commission. The collective commission,
comprised of members from the various Englewood boards and
commissions, would address specific issues of art and
culture and also participate in the budget process. Mayor
Burns requested an explanation from the City Attorney. The
Board directed that a memo be sent to the City Attorney
indicating that the Water and Sewer Board does not wish to
participate in the proposed joint meeting with other board
or commissions.
7. INFORMATIONAL ITEMS:
The following informational items were received by the
Board:
From Landmark Reclamation, Inc. -"Bio Channel is Cleaning
Up.!"
From Littleton/Englewood Wastewater Treatment Plant -Fact
Sheet on Beneficial Use Farm Site.
8. From Kruger -"Actiflo Process for Drinking Water."
Stu discussed the Actif lo process developed by Kruger that
uses plate settling along with a micro sand filter. The
Allen Filter Plant will receive a pilot plant in March for a
four week trial. The cost will be $32,000, with Englewood
receiving half back if the filter process is ordered.
9. ORDINANCE CHANGES.
John Bock appeared to review the proposed ordinance changes:
A. Water cooled equipment currently in place may remain in
use. When such equipment must be repaired, replaced or
moved, it must be replaced with air cooled equipment.
B. A charge equal to the Water Division's time and
materials will be due and payable from the applicant.
c. Water bills on metered and flat rates become delinquent
thirty (30) days after the date of billing and shall be
assessed a ten percent {10%) late fee.
D. The charge for water turn-offs will be raised from
$5.00 to $15.00.
E. If the Water Division personnel clean out a property
owner's stop box for whatever reason, either at the request
of the property owner, or for emergency turn off, or for
delinquent turn off, a fee of thirty dollars ($30.00) shall
be due and payable by the property owner.
The Board modified (D) to read that the $15.00 turn off fee
would apply only to delinquencies.
Mr. Otis moved;
Mr. Resley seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To recommend Council approval
of the proposed Ordinance
Changes to Water and Sewer
Code.
Fullerton, Lay, Otis, Resley,
Resley, Vobejda, Wiggins,
Habenicht, Burns
None
Neumann
10. PUBLIC MEETINGS TO DISCUSS WATER RATE INCREASE.
Stu informed the Board that the next two Water and Sewer
Board meetings will be advertised as public meetings to
discuss the proposed water rate increase. Both meetings
will be held the second Tuesday of February and March.
11. JO LAY'S RESIGNATION.
Due to a promotion to a supervisory position, Jo Lay
regretfully submitted her resignation.
The Board adjourned at 6:20 p.m.
The next Water and Sewer Board meeting will be February 13,
1996 at 5:00 p.m. in Conference Room A.
Respectfully submitted,
Cathy Burrage
Recording Secretary
MEMO
DATE JANUARY 9, 1996
TO JOHN BOCK
(). 1
FROM JIMVERYSER J Y ·
RE NEW SUBDIVISION ONE. ORCHARD RD .: 5939-5950 S. OGDEN CT.
S. ENGLEWOOD SANITATION DISTRICT
AT~ 2
IT HAS RECENTI.. Y COME TO MY ATTENTION THAT A SUBDIVISION HAS BEEN
DEVELOPED AT THE ABOVE LOCATION WITHOUT THE CITYS FOREKNOWLEDGE
OR APPROVAL .
AS OF THIS DA TE ,NO CONNECTIONS HA VE BEEN MADE TO THE DISTRICTS 'MAIN
AND I HA VE INFORMED DON MA TURANO THAT PERMITS WILL NOT BE SOLD
FOR THIS SUBDIVISION UNTIL THE FOLLOWING ARE DELIVERED TO THE UTILITIES DEPT.
1) RECORDED PLAT
2) 12"Xl8" SAN.SEWER MYLAR AS BUIL TS
3) SATISFACTORY SEWER MAIN TEST RESULTS
MR MARTURANO AS WELL AS JERRY BRIENZA ,PLUMBER FOR SLAGGO DEVELOPEMENT,
WERE ALSO INFORMED THAT THE CITY WILL DOUBLE THE TAP FEES SHOULD ANY
CONNECTIONS BE MADE BEFORE ENGLEWOODS APPROVAL OF THIS PROJECT.
BANTA, HOYT, EVERALL & FARRINGTON, L.L.C.
RICHARO .J . BANTA
STEVEN G . EVERALL
OARRYL l.. ll"ARRINGTON
R I CHARO L . BANTA , .JR .
{1Sitl2-1993)
Mr. Stu Fonda
ATTORNEYS AT LAW
5690 DTC BOULEVARD, SUITE 240 EAST
ENGLEWOOD, COLORADO 80111-3232
TELEPHONE (303) 220-8000
FACSIMILE (303) 220-0153
February 2, 1996
Director of Utilities
City of Englewood
3400 Elati Street
Englewood, Colorado 80110
ATT~ 3
OF COUNSEL
R . VAt.. HOYT
RICHARD 0. GREENE
CRAIG e:. WAGNER
Re: South Arapahoe Sanitation District/City of Englewood,
Unpaid Tap Fees
Dear Stu:
As indicated in my telephone message on the 16th, the South
Arapahoe Board approved the settlement we discussed with Dan
Brotzman and Tom Rice on January 8. The elements of the
agreement are as follows:
1. The District will pay to the City the sum of
$10,934.38, being one-half the total current known unpaid tap
fees due the City by residents of the District.
2. As to future delinquent City tap fees for
properties within the District, the City agrees to file tax liens
as to all such delinquent tap fees and qollect the same by that
means to the extent authorized by law.
3. The District agrees to be responsible for any such
fees that are not collectable by means of the tax lien because
the statute of limitations is inadvertently exceeded, or for any
reason other than the City's intentional and knowing failure or
refusal to timely file the tax lien. At the time of renewal of
the District's Connector's Agreement, the District will agree to
modify the Agreement form to include a provision to the effect
stated in this paragraph 3.
4. The District will continue to monitor the building
permit process with Arapahoe County to prevent nonpayment of tap
fees and to "catch" and report to the City any delinquencies on a
timely basis, in accordance with the Meurer & Associates memo
enclosed.
5. The City will release the District from any
further obligation or liability for any known unpaid tap fees due
the City, and will withdraw the intentions listed on the second
BANTA, HOYT, EVERALL & FARRINGTON, L.L.C.
A TTORNEYS AT LAW
page of your letter to me dated December 7, 1995. The City
represents that it has examined its records carefully and
believes to a reasonable certainty that there are no unpaid tap
fees outstanding except those included in the total amount of
$21,868.76 stated in the said letter.
I believe that covers it. If this letter suffices to
memorialize the agreement, please sign below on one of the extra
copies and return it to me. As soon as I receive it, I will
request issuance of the check, which could be done as early as
February 20, which is the next South Arapahoe Board meeting. If
you feel that additional work or discussion is needed, please
give me a call.
DLF:lg
Enclosure
cc: Dan Brotzman, Esq
Mr. Gordon Meurer
Larry Beardsley, C.P.A.
Dr. Charles R. Bruce
Ms. Betty Parker
ACCEPTED AND AGREED TO THIS
DAY OF FEBRUARY, 1996:
CITY OF ENGLEWOOD
Best regards,
I
.;\ ;t' ,:; L/.! . ~ i '7 ___/, ba~1z,vik 0 . /tlV1k 0·_j~ Darryl~. Farrington J
By~~~~~~~~~~~~~~~~~~
Stu Fonda, Director of Utilities
BANTA, HOYT, EVERALL & FARRINGTON, L.L.C.
RICHARO .J. !SANTA
STEVEN G. EVERAl...I...
OAAAYl. L . ,,.ARRINGTON
RICHARO L.. SANTA . .JR .
(191Z.IQ93J
Mr. Stu Fonda
ATTORNEYS AT LAW
:5690 DTC BOULEVARD, SUITE 240 EAST
ENGLEWOOD , COLORADO 80W·3232
TELEPHONE (303> 220·8000
FACSIMILE (303) 220-01:53
February 2, 1996
Director of Utilities
City of Englewood
3400 Elati Street
Englewood, Colorado 80110
OF COUNSEL.
R . VAL HOYT
RICHARO O . GREENE
CRAIG e:. WAGNER
Re: South Arapahoe Sanitation District/City of Englewood,
Unpaid Tap Fees
Dear Stu:
As indicated in my telephone message on the 16th, the South
Arapahoe Board approved the settlement we discussed with Dan
Brotzman and Tom Rice on January 8. The elements of the
agreement are as follows:
1. The District will pay to the City the sum of
$10,934.38, being one-half the total current known unpaid tap
fees due the City by residents of the District.
2. As to future delinquent City tap fees for
properties within the District, the City agrees to file tax liens
as to all such delinquent tap fees and collect the same by that
means to the extent authorized by law.
3. The District agrees to be responsible for any such
fees that are not collectable by means of the tax lien because
the statute of limitations is inadvertently exceeded, or for any
reason other than the City's intentional and knowing failure or
refusal to timely file the tax lien. At the time of renewal of
the District's Connector's Agreement, the District will agree to
modify the Agreement form to include a provision to the effect
stated in this paragraph 3.
4. The District will continue to monitor the building
permit process with Arapahoe County to prevent nonpayment of tap
fees and to "catch" and report to the City any delinquencies on a
timely basis, in accordance with the Meurer & Associates memo
enclosed.
5. The City will release the District from any
further obligation or liability for any known unpaid tap fees due
the City, and will withdraw the intentions listed on the second
CEN.TENNIAL
W A TER AND S A NITATION DISTRICT
February 1, 1996
Mr. Stewart Fonda
City of Englewood
Director of Utilities
3400 South Elati Street
Englewood, CO 80110
RE: Capacity in City Ditch
Dear Stu:
Centennial wishes to express its appreciation for the support and cooperation from Englewood
during 1995 related to several water matters. We have worked well on numerous mutual
interests. It is especially noteworthy that we were able to resolve the cost and fee payments for
our Nevada Ditch action, support all parties in the settlement of the Ranch Creek matter with
Denver and Cyprus, settle several water court decree cases, and deal cooperatively with the day-
to-day operations of facilities shared by Centennial and Englewood.
We would like to build on those 1995 initiatives during 1996. Specifically, Centennial would
like to initiate a discussion with Englewood to reach a long-term capacity arrangement in City
Ditch. Although I understand that this topic has received attention in past discussions, I was not
directly involved , and want to provide a new initiative free of past complications. The essential
elements of our proposal include:
1. Centennial would get the right to use capacity in City Ditch pipeline and pump station
as follows:
a. 10 cfs year-round for priority use by CWSD.
b. Up to 48 cfs of additional ditch capacity, usable by CWSD on an "if and
when available" basis. CWSD would have priority at times when Denver,
Englewood and other downstream ditch users are not running at full
delivery rates.
c. 50% of any future capacity expansions to be jointly constructed and used
by CWSD and Englewood.
d. First right of refusal to acquire any remaining permanent capacity in the
future .
2. Centennial will compensate Englewood by :
a. Repayment of Englewood's expenses for 10 cfs of pipeline capacity to the
pump station based on an itemized cost statement furnished by
Englewood.
62 West Plaza D riv e • Highlands Ra nc h, Co lo ra do 80 126 • (303) 791-0430 • FAX (303) 791-3290
Mr. Stewart Fonda
February 1, 1996
Page Two
b. Cash payment upon execution of a permanent capacity agreement in an
amount to be determined.
c. Annual operating, maintenance, and repair payments reflecting a pro rata
share of costs for the segment of the ditch from Chatfield to the McLellan
pump station based upon the volume of water run by CWSD per year as
a ratio to the total volume run through the ditch by all users for that
segment of the ditch.
d. Annual payments to Englewood for use of capacity in excess of 10 cfs in
the amount of $5/acre-foot of volume delivered within a calendar year.
3. CWSD will run its water whenever the ditch is not otherwise being used by Englewood
or Denver at full physical capacity.
4. CWSD will coordinate with Englewood in constructing additional piping or pumping
capabilities at or above the Englewood City Ditch Pump Station, and offer Englewood
the use of new capacity in conjunction with CWSD's use. The initial projects could be
the Marcy Gulch syphon structure or pump station capacity.
As we have discussed in the past, CWSD offers to include a provision which will address both
our concerns regarding eminent domain action against Englewood's interest in City Ditch and
associated facilities, including outlet works, control structures, pipelines, City Ditch Pump
Station, or other appurtenances. Should CWSD initiate an eminent domain action, it shall have
breached the agreement.
It has been around a year since Joe Blake, you and I discussed a concept like this. We want to
move ahead with this specific proposal at this time to create a positive opportunity for
cooperation and capture of mutual benefits. Although I am not aware of any provisions in this
proposal which are detrimental to Englewood, please let me know if they exist. Our intent is
not to encroach on your needs or water delivery operations in any adverse way, but, to the
contrary, work with Englewood to provide a benefit from your under-utilized assets.
We look forward to moving these concepts into an agreement early in 1996, and would be
pleased to meet at your convenience.
Very truly yours,
John Hendrick
General Manager
Centennial Water and Sanitation District
96104/ds
cc: Joseph B. Blake
BRADLEY D. COLDIRON
#8 Sunrise Drive
Ourry Hills Village, Colorado 80110
(303) 758-6601
A TTo s-
MEMORANDUM TO CHERRY HILLS VILLAGERS
To: ALL INTERESTED INDIVIDUALS
IN THE BUELL PROPERTY REZONING
From: Brad Coldiron
Subject: Buell Property -Status Update
Date: January 30, 1996
As a ·resident of the Reserve at Cherry Hills, I am a homeowner who has serious
concerns about what the Cherry Hills Village Planning Commission has recently
approved.
I was very involved in the communication and dialogue regarding the Koelbel &
Company Cherry Hills Park Rezoning Proposal. There were many individuals who
participated in that dialogue who have not surfaced on this current rezoning effort.
Koelbel & Company is out and The Buell Foundation is spearheading this rezoning
which, if accomplished, would result in the gate to our community being sold to the
highest bidder. I have a fear that the quite nature with which this is proceeding
forward has prevented many interested individuals from being aware of the details
associated with the rezoning application.
As a courtesy to many of those who were directly involved in the previous proposal,
I thought it would be important to at least make you aware of the current status.
To that end, I thought it would be important to provide the following list of issues and
concerns that will have an impact on the future of the Village:
1. The Buell property is strategicatly located at the major "gateway" to the Village
and should command the highest level of sensitivity.
2. A much higher density, approximately 30 more lots will be approved by this
rezoning effort on the corner 69-acres RA-1 property and approximately 16-18
more lots will be approved on the entire Buell property, than what was
l::J;\!41
PuBuc FINANCIAL.MANAGEMmr, INC.
Financial and Investment Advisors
IDS Center, Suite 1920
80 South Eighth Street
Minneapolis, MN 55402
612-339-7909 (Fax) 612-339-8141
February 2, 1996
Mr. Stewart Fonda, Director of Public Works
City of Englewood, Colorado
3400 S. Elati St.
Englewood, CO 80110
Re : Financing Plan for 1996-97 Water Projects
Dear Mr. Fonda:
AT~
This letter reviews PFM's analysis of the debt capacity of the water enterprise and presents a financing
plan alternative to moderate necessary increases to water rates and charges. Following a review of some
of the credit considerations which influence debt structure and the cost of money, an recommended
financing plan is reviewed.
Credit Consideration
As a first step in financial planning for a new capital project, we always review the most recent financial
audited statements, current rate structure and customer base. While rate adjustments may be necessary to
increase net revenues for the new project, it is always important to review the most current financial
performance. Exhibit 1 shows a projected financial planning cashflow which includes 1993 and 1994
actual financial performance. Cash flows for 1995 and 1996 reflect info1mation presented in the City's
1996 adopted budget and your preliminary 1996 budget preparation planning model. We have presented
the financial performance in a format utilized by the credit markets to evaluate debt security. "Cash flow
Available for Debt Service" reflects net operating revenues after payment of operating and maintenance
expense and the addition of reoccurring non-operating revenues . Generally, the utility enterprise should
generate cash flow of $1 .75 for every $1.00 of annual debt service to secure an "A" rating by Moody's or
Standard & Poors. The City should also maintain prudent working capital and operating reserves
(targeted at 25% of operating and maintenance expense excluding depreciation) and fully fund a debt
service reserve upon issuance of the long term debt.
At the end of 1995 the City has strong operating reserves and two year's actual history of approximately
$1,200,000 net revenues available for debt service . The City has started a meter conversion program to
increasing billings based on measured flow as opposed to flat rates . That program will be viewed
positively by the rating agencies. Current annual debt service exceeds $500,000 with the la s t payment in
1997.
Financing Plan Con s iderations
Based on the credit considerations previously discussed, PFM has reviewed options to structure a
financing plan that facilitates a good credit rating and moderates the need for increases to water rates.
One option to enhance the creditworthiness of the revenue bond issue ~ind moderate raLes is to issue
Atlanta Austin Boston Dallas Fort Myers Harrisburg Memphis Minneapolis Newport Beach Orlando Philadelphia Pittsburgh San Francisco
short-term debt for a portion of the 1996-97 water projects. The 1996 note proceeds together with cash
generated from 7 .0% annualized rate increases in the Spring, 1996, and in 1997 would fund all capital
projects identified in the capital improvement program . Exhibit 2 shows the sources and uses of
$8,095,000 Water Revenue Notes, anticipated interest payments and a construction fund schedule. The
Series 1996 Notes together with interest earned would fund $8,516,000 of the non-routine capital
projects listed for 1996 and 1997. The Exhibit 1 cashflow shows 1998-1999 non-routine projects added
to the ongoing system maintenance projects and funded with cashflow and reserves. After the two
successive rate increases have generated proven cashflow, long term Water Revenue Bonds would be
issued to refinance the short-term Series 1996 Note. Exhibit 3 shows the sources and uses and projected
debt service for $8,070,000 Series 1999 Water Revenue Bonds. Operating cash in excess of the 25%
operating revenue target is used to reduce the total debt issue. The total debt term is 20 years, including
the short-term debt. It might be possible to shorten the final term by several years.
Advantage of Financing Plan
This financing plan allows the City to impose and collect revenues from new rate increases before the
long term bonds are issued and allows the final payment to be completed on the Series 1993 bonds. By
paying interest only on the short term notes through 1999 the City generates extra cashflow to reduce the
final revenue bond size. The future annual debt service requirements are thus reduced and the required
water rate increases are moderated. This analysis shows rate increases as follows:
April 1, 1996 7.0%
January 1, 1997 7.0%
January 1, 1999 7 .0%
January 1, 2001 7.0%
January 1, 2004 6.5%
Please let me know your thoughts on this plan . We can try other options or variations at your direction.
Very Truly Yours,
<l ~ ~ .l...o..&..u.l'L V llM. !k.__
Jeanne Frederick Vanda
Managing Director
JFV :cw
Enclosures
...
CITY OF ENGLEWOOD, COLORADO
Wa1er Utili1y
Waler Revenue Financial Planning
Water Revenues Generated
Budge1ed Waler Sales
To1al Revenue Collected
Operating Revenues
Waler Sales
City Ditch Revenue
Inspection Fees
Raw Waler Sales
Other
Total Opuating R•v<nuts
Operating Expenses
l:lia:ia S~s"m QJll:mioe CQsts ·
Source of Supply
Power and Pumping
Purification
Transmission and Distribution
Total Direct System Operating Costs
tJQo-l:licc~t S~s1cm Ql!!:mioe CQs1s ·
Customer Accounting and Collection
Personal Accounting and Collection
Commodities and Contrac1ual Services
Other
Depreciation
Total Non-Diuct System Operating Costs
Total Operating Expensts
Ne t Operallng Revenues
Non-Operating Revenues
Loss on Disposition of Assels
Earnings on Investments
Depreciation
Loss on Refundings
Other
Tutu/ Non-Operating ReYtnues
Cash Flow Available for Debi Service
Debt Service
Series l 994B
Notes, Series 1996
Revenue Bonds , Series 1999
Long Term Bonds Take-Out
Total D•bt Savic•
Debt Service Coverase Ratio
Cash Flow After Debt Service
Capilal Ou1lays From Ca sh Flow
Net Cmh Flow
Beginning Cash Balance
Transfers Oul
Ending Cash Balance
De bt Service Reserve Fund
Check
25~ of To1al Opcrnting Expen s<s
V:.uiarn.:<: Bt:t w ~t:11 Entli11g Ca sh Balance;:
no..~s ii 01Ct!l 25 '.V-T1.·s1
Prepared by Public Financial Management , Inc .
Rate Increase
Actual 17 .500%
Proposed 33.250%
Through 1999
1993 1994
$3,037,957 $3 ,080,692
$3 ,037,957 $3,080,692
43,977
18,853 4,594
931,464 867,645
Q 2..QOO
$3 ,988,274 $4 ,003,908
$868,712 $702,351
488,631 484,590
744,032 469,122
llLlM2 ill.2&l
$2,422.424 $1 ,980 ,243
$253 ,238 $212,483
433 ,043 306,486
121,905
88 ,906 99,766
~ ill.:ill
$1,361,669 $1,393,068
$3,784,093 $3 ,373,311
$204 ,181 $630,597
($107,460) ($181 ,070)
81,266 78,778
586,482 652,428
(31 ,970)
1Q.l2J. illli
$590,479 $531,940
$794 ,660 $I , 162 ,537
$172 ,502 $1 ,980,856
Q
$1,980,856
0 .59
($818,319)
Assumptions
Increase to 0 & M 4 .000%
Interest on Balance 4 .000%
1995 1996 1997
$3,000,000
$2,964 ,304 3,105,000 $3,322,350
$2,964,304 $3,105,000 $3 ,322,350
73.446 50,000 50,000
867 ,645 883 ,645 883,645
Q Q Q
$3.905,395 $4,038 ,645 $4 ,255,995
$0 $0 $0
Q Q Q
$0 $0 $0
$3,410,149 $3,502,000 $3 ,642 ,080
$495 ,246 $536,645 $613,915
($50,000) ($50,000) ($50,000)
81 ,929 85,206 88,615
652 ,428 652.428 652,428
0 0 0
1.il.!00 15..QQQ .Ll.QQQ
$699,357 $702,634 $706 ,043
$1 ,194,603 $1 ,239 ,279 $1,319.958
$537,371 $546,573 $512,500
269,833 404,750
Q Q Q
$537,371 $816,406 $917,250
2.22 1.52 1.44
$657 ,232 $422 ,873 $402,708
$61,500 $90,000
$361.373 $312,708
1,293 ,040 1,654,413
1,654,413 1,967,120
875,500 910,520
778,913 1,056 ,600
Yes Yes
Required Increases lo Water Sales
1/1/96 7 .000% 1/1/99 7 .uuu% 1/1/02 0 .000%
1/1/97 7 .000% 1/1/00 0 .000% l/l/03 6.500%
1/1/98 0 .000% 1/1/01 7 .000%
1998 1999 2000 2001 2002 2003
$3,322,350 $3,554 ,915 $3,554,915 $3,803,759 $3,803,759 $4,051,003
$3,322,350 $3,554,915 $3 ,554 ,915 $3 ,803,759 $3,803,759 $4,051,003
50,000 50.000 50,000 50.000 50,000 50,000
883,645 954,950 954,950 954,950 1,002,000 1,002,000
Q Q Q Q Q Q
$4,255 ,995 $4 ,559,865 $4 ,559 ,865 $4,808,709 $4 ,855,759 $5 ,103 ,003
$0 $0 $0 $0 $0 $0
Q Q Q !l !l Q
$0 $0 $0 $0 $0 $0
$3,787,763 $3,939,274 $4,096,845 $4,260,718 $4.431 ,147 $4,608,393
$468 ,232 $620,591 $463,020 $547,990 $424,611 $494,610
($50,000) ($50,000) ($50,000) ($50,000) ($50,000) ($50.000)
92,159 98,118 129,309 161,748 195 ,485 230,571
652 ,428 652.428 652.428 652.428 652.428 652.428
0 0 0 0 0 0
ll.llOO 15..QQQ l.5..QQQ .Ll.QQQ il.llQ!l il.llQ!l
$709 ,587 $715,546 $746,737 $779,176 $812,913 $847,999
$1,177,819 $1 ,336,136 $1 ,209,757 $1,327 ,166 Sl,237,524 $1.342,609
$404,750 $8,499,750
$682,865 $681,715 $679.335 $680,475
Q cs !l25 oom !l !l !l !l
$404,750 $404,750 $682,865 $681 ,715 $679,335 $680,475
2.91 3.30 1.77 1.95 1.82 1.97
$773,069 $931,386 $526,892 $645 ,451 $558 ,189 $662,134
$765,000 $968.000 $379,000 $90,000 $90,000 $90.000
$8,069 ($36 ,614) $147 ,892 $555,451 $468,189 $572,134
1,967,120 1,975,189 984 ,818 1,132,710 1,688, 162 2,156,351
(953,757)
1,975, I 89 984,818 1,132,710 1,688,162 2 ,156,351 2,728,485
681,670 681,670 681,670 681.670 681,670
946,941 984,818 1,024,211 1,065,180 1,107 ,787 1.152,098 [Tl
1,028,249 953,757 108,499 622,982 1,048 ,565 1,576,387 ;><
Yes Yes Yes Yes \'ts Yts §
2J2196 CASHFLW3.XLS CashFlow ~
CITY OF ENGLEWOOD, COLORADO
Waler Revenue Financial Planning
Short Term Noles, Series 1996
Debt Service
Annual
Dale Principal Rale Interest Debt Service Debt Service
6/1/96 67,458 67,458
12/1/96 202,375 202,375 269,833
611197 202,375 202,375
12/1/97 202,375 202,375 404,750
6/ 1/98 202,375 202,375
12/1/98 202,375 202,375 404,750
611199 202 ,375 202,375
12/ 1199 8 ,095,000 5.000% 202,375 8 ,297,375 8,499,750
8,095,000 1,484,083 9 ,579 ,083 9,579,083
Sources and Uses I I
Sources 8.095.ooo I I
Uses
Deposil to Cons truclion Fund 7,946,070
Cost of Issuance 65,000
Underwriler's Discount 1.000% 80 ,950
Rounding 2,980
8 ,095,000
Dated Dale 411196
Delivery Date 411196
,.·
Prepared by Public Financial Managemenl, Inc .
Construction Fund
Period Date Be . Cash
411196 7,946,070
1 511196 7,946,070
2 611196 7,810,922
3 711196 7,674,986
4 8/1/96 7,538,256
5 911196 7,400,730
6 1011196 7,262,400
7 11/1/96 7, 123,264
8 12/1/96 6,983,317
9 II 1/97 6,842,553
10 211/97 6,176,068
II 3/1/97 5,505 ,695
12 4/1/97 4,831,411
13 511197 4,153,195
14 611197 3,471,022
15 711/97 2,784,869
16 8/ 1/97 2,094,714
17 911197 1,400,533
18 1011197 702 ,303
Draw
181,500
181,500
181,500
181,500
181,500
181,500
181,500
181,500
706,400
706,400
706,400
706,400
706,400
706,400
706,400
706,400
706,400
706,400
8,516,000
Interest
Earned
@ 3 .500% End Cash
7,946,070
46,352 7,810,922
45,564 7,674,986
44,771 7,538,256
43,973 7,400,730
43,171 7,262,400
42,364 7,123,264
41,552 6,983,317
40,736 6,842,553
39,915 6,176,068
36,027 5,505,695
32,117 4,831,411
28,183 4,153,195
24,227 3,471 ,022
20,248 2,784,869
16,245 2,094,714
12,219 1,400,533
8,170 702 ,303
4,097 0
569,930
212196 CASHFLW3 .XLS Short -Term Noles
~
~
::::}
N
•"
CITY OF ENGLEWOOD, COLORADO
Water Revenue Financial Planning
Revenue Bonds Series 1999
SOURCES
Par Amount of Bonds
Cash on Hand
Accrued Interest
Total Sources
USES
Long-Term Bond Take Out
Deposit 10 Reserve Fund
Costs of Issuance
Accrued Interest
Rounding Amount
Total Uses
ASSUMPTIONS
Dated Date
Delivery Date
=Avg Anni
3.000%
First Interest Payment Date on Bonds
First Principal Payment Date on Bonds
Prepared by Public Financial Management , Inc .
8,070,000
953,757
0
9,023,757
8,09 5,000
681,670
242,100
0
4,988
9,023,757
1211/99
1211/99
611100
611100
NEW MONEY DEBT SERVICE
Annual
Date Principal Coupon Interest Debt Service Debt Service
__ ., __________ ---------------------------------------------------------------------------------------
1211199
611100 151,433 151,433
1211/00 380,000 4 .250% 151,433 531,433 682,865
6/1/01 143,358 143,358
1211/01 395,000 4.400% 143,358 538,358 681,715
6/1/02 134,668 134,668
1211/02 410,000 4.600% 134,668 544,668 679,335
6/ l/03 125,238 125,238
12/1/03 430,000 4 .700% 125,238 555,238 680,475
6/1/04 115,133 115,133
1211/04 450,000 5.000% 115,133 565, 133 680,265
611105 103,883 103,883
1211/05 475,000 5.250% 102,101 577,101 680,984
611106 89,633 89,633
1211/06 505,000 5.400% 88,018 593 ,018 682 ,650
611/07 74,383 74,383
1211/07 535,000 5.600% 72,778 607,778 682.160
6/1/08 57,798 57,798
1211/08 570,000 5 .800% 56,530 626,530 684,328
611109 40,000 40,000
1211109 605,000 6 .000% 38,950 643,950 683,950
6/1/10 20,800 20,800
1211/10 475,000 6 .000% 103,883 578,883 682,765
6/1/11 89,633 89,633
1211/11 500,000 6.100% 89,633 589,633 679,265
6/1/12 74,383 74,383
1211/12 535,000 6.200% 74,383 609,383 683,765
6/1/ I 3 57,798 57,798
1211113 565,000 6 .300% 57,798 622,798 680,595
6/1/14 40,000 40,000
1211114 600,000 6.400% 40,000 640,000 680,000
611115 20,800 20,800
1211115 640,000 6 .500% 20,800 660,800 681 ,600
---.. ----------------------------.... --------------------
8,070,000 2,753,634 10,823,634 10,906,716
Accrued Interest 0
I ·----------·--trJ
2,753 ,634 w
~
w
212196 CASHFLW3 .XLS Revenue Bonds
PUBLIC MEETING
FEBRUARY 13 , 1996
5 :30P.M.
WITH THE ENGLEWOOD WATER AND SEWER BOARD
WATER RATE INCREASE
A public meeting was held , as advertised , to discuss the proposed water rate increase .
The following Englewood citizens were present :
Stan Brown of Alameda Nursery-1950 W. Dartmouth
Melvin Minnich -4565 S. Pearl St.
Roger Neumann -5090 S. Elati St.
Jim Gilham -3343 W . Hialeah
Phil Russell -15 51 E. Cornell
Frank Golombek -1900 E . Girard Pl. # 108
The following Englewood employees and representatives were present :
Joe Pershin, Allen Filter Plant
Bill McCormick, Allen Filter Plant
Stu Fonda, Director of Utilities
John Bock, Customer Service -Utilities
Dennis Stowe -Bi-City Wastewater Treatment Plant
Carl Houck -Camp Dresser & McKee
Stu Fonda and Carl Houck outlined the proposed rate increase for Allen Plant
improvements which includes new flock-sedimentation system, filter upgrades, disinfection
improvements, iron and manganese control system, raw water deliver system and misc .
improvements.
A question/ and answer session followed .
LICENSE AGREEMENT
THIS AGREEMENT, made and entered into as of the
fifth day of February , 19 96 ------by and between the CITY OF ENGLEWOOD, a municipal
corporation of Colorado, hereinafter referred to as "City"
and
The City of Englewood Parks cm.d Recreation Department
, hereinafter referred to as "Licensee," ---
WITNESSETH: The City without any warranty of its title
or interest whatsoever, hereby authorizes Licensee, its
successor, assigns, to install a
concrete pedestrian/bicycle bridge over the
City's rights-of-way for the City Ditch, described as a
parcel of land situated in the Southeast l/ 4 of
Section 9 , Township 5 South
..;..._~...:....0...------------R an g e 68 West of the sixth -------..,...-----,--P. M., county of Arapahoe, State of Colorado and lying within
the following described lines:
The above-described parcel contains
acres, more or less.
36.14
1. Any construction contemplated or performed under this
License shall comply with and conform to standards
formulated by the Director of Utilities of the City and such
construction shall be performed and completed according to
the plans, consisting of one sheet, a copy of which is
attached hereto and made a part hereof.
2. The Licensee shall notify the City's Director of
Utilities at least three (3) days prior to the time of
commencement of the construction of, or any repairs made to,
Licensee's
concrete pedestrian/bicycle bridge
so that the City may, in its discretion,
inspect such operations.
3. Within thirty (30) days from the date of the
commencement of construction of said
'
concrete p edestrian/bicy cle bridge the Licensee
shall complete such construction, place and maintain
permanent, visible markers, of a type and at such locations
as designated by the City's Director of Utilities, referring
to the centerline of the installation and shall clear the
crossing area of all construction debris and restore the
area to its previous condition as near as may be reasonable.
In the event the placing of the centerline markers and the
clearing and restoration of the crossing area is not
completed within the time specified, the City may complete
the work at the sole expense of the Licensee.
4. The City shall have the right to maintain, install,
repair, remove or relocate the City Ditch or any other of
its facililties or installations within the City's rights-
of-way, at any time and in such manner as the 9ity deems
necessary or convenient. The City reserves the exclusive
right to control all easements and installations. In the
'event the concre t e pedestr ian/bicy cle bridge should interfere
with any future use of the City's rights-of-way by the City,
the Licensee shall, upon request and at its sole expense,
relocate, rearrange, or remove its installations so as not
to interfere with any such use.
5. Any repair or replacement of any City installation made
necessary, in the opinion of the City's Director of
Utilities because of the construction of the
concrete pedest rian/bicy cle bridge
or other appurtenant installation thereof, shall be made at
the sole expense of the Licensee.
6. The stipulation and conditions of this License shall be
incorporated into contract specifications if the
construction herein authorized is to be done a contract
basis.
7. The rights and privileges granted in this License shall
be subject to prior agreements, licenses and/or grants,
recorded or unrecorded, and it shall be the Licensee's sole
responsibililty to determine the existence of said documents
or conflicting uses or installations.
8. The Licensee shall contact and fully cooperate with the
City's personnel and the construction shall be completed
without interference with any lawful, usual or ordinary flow
of water through the City Ditch. Licensee shall assume all
risks incident to the possible presence of such waters, or
of storm waters, or of surface waters in the City Ditch.
9. All trenches or holes within the City's rights-of-way
shall be backfilled and tamped to the original ground line
in layers not to exceed six (6) inches loose measure to a
compaction of ninety per cent (90%) Standard Proctor Maximum
Density.
10. Licensee, by acceptance of this license, expressly
assumes full and strict liability for any and all damages of
every nature to person or property caused by water from the
ditch leaking through the ditch banks or pipeline at the
point or points where the Licensee performs any work in
connection with the crossing provided by this license. The
Licensee assumes all responsibility for maintenance of the
installation.
11. Licensee shall indemnify and save harmless the City, its
officers asnd employees, against any and all claims,
damages, actions or causes of action and expenses to which
it or they may be subjected by reason of said
concrete pedestrian/bicycle bridge
being within and across and under the premises of the City
or by reason of any work done or omission made by Licensee,
its agents or employees, in connection with the
construction, replacement, maintenance or repair of said
installation.
12. It is expressly agreed that in case of Licensee's breach
of any of the within promises, the City may, at its option,
have specific performance thereof, or sue for damages
resulting from such breach.
13. Upon abandonment of any right or privilege herein
granted, the right of Licensee to that extent shall
terminate, but its obligation to indemnify and save harmless
the City, its officers and employees, shall not terminate in
any event.
In granting the above authorization, the City reserves the
right to make full use of the property involved as may be
necessary or convenient in the operation of the water works
plant and system under the control of the City.
IN WITNESS WHEREOF, this instrument has been executed
as of the day and year first above written.
ATTEST: CITY OF ENGLEWOOD,
City Clerk Mayor
APPROVED AS TO FORM:
LICAGOVR
LICENSE AGREEMENT
THIS AGREEMENT, made and entered into as of the
5+h day of E€BRvA ((I( , 19_9-=-(e""'-----
by and between the CITY OF ENGLEWOOD, a municipal
corporation of Colorado, hereinafter referred to as "City"
an~'SY er{ Eo0kwc>oD Puf0c Woa;;c-s l.~>ik.R1/#£AJ/
---, hereinafter referred to as "Licensee,"
WITNESSETH: The City without any warranty of its title
or interest whatsoever, hereby authorizes Licensee, its
successor, assigns, to install a
P6Cu!E·$TR.llJl\.J B~u::;.Gc over the
City's rights-of-way for the City Ditch, described as a
parcel of land situated in the Nt>!?:tl. t<Jesr Wf-of
Section 3.S: , Township Eo~r.::.. soa"fi'1
Range 68 We-;±" of the (o 8
P.M., County of Arapahoe, State of Colorado and lying within
the following described li~es: /11e E /'/-sf-~nJ D-{" '-f J e.
qoo f}/ock C)P ~t::c.!?f IJ,qtl-t::R$f Ave.JJue &xrv/7J-e=-1>
The above-described parcel contains
acres, more or less.
1. Any construction contemplated or performed under this
License shall comply with and conform to standards
formulated by the Director of Utilities of the City and such
construction shall be performed and completed according to
the plans, consisting of one sheet, a copy of which is
attached hereto and made a part hereof.
2. The Licensee shall notify the City's Director of
Utilities at least three (3) days prior to the time of
commencement of the construction of, or any repairs made to,
Licensee's
so that the City may, in its discretion,
inspect such operations.
3. Within thirty (30) days from the date of the
commencement of construction of said
LICENSE AGREEMENT
THIS AGREEMENT, made and entered into as of the
5t'1 day of FEf3RvflRY , 19___..,,...9~~----
by and between the CITY OF ENGLEWOOD, a municipal
corporation of Colorado, hereinafter referred to as ''City"
~~h; ~ &o~ ic Bite: tlJIJeK5 »~#:
, hereinafter referred to as "Licensee," ---
WITNESSETH: The city without any warranty of its title
or interest whatsoever, hereby authorizes Licensee, its
successo~ assigns, to install a
~c=l:>EST~1AAJ Ei~t t:><,~ over the
City's rights-of-way for the City Ditch, described as a
parcel of land situated in the Nt.2~'rl-I' JUIE~.-r V4 of
Section 35i , Township ~ak. 2a<-<-t&b
Range h8 _es.f of the 6 _
P.M., County of Arapahoe, State of Colorado and lying within
the following described lines: rAe -Se>e.c_-f-}1 Gna/ <'..r:' ~e
2100 8t.ec L oP :sou,tA t=~~J(!~t>n ~Jlt"-"r Gx7t:E'1ol6 t'>
The above-described parcel contains
acres, more or less.
1. Any construction contemplated or performed under this
License shall comply with and conform to standards
formulated by the Director of Utilities of the City and such
construction shall be performed and completed according to
the plans, consisting of one sheet, a copy of which is
attached hereto and made a part hereof.
2. The Licensee shall notify the City's Director of
Utilities at least three (3) days prior to the time of
commencement of the construction of, or any repairs made to,
Licensee's
so that the City may, in its discretion,
inspect such operations.
3. Within thirty (30) days from the date of the
commencement of construction of said
' -
AJA ME
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