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HomeMy WebLinkAboutArrowhead City Council Meeting_Oct 17_finalPaul HansenPresident,ACCIOctober 17, 2018 Arrowhead Cooperative Company, Inc © 2018 Arrowhead Cooperative Company, Inc.2 Food Water Internet Copyright -COMCAST ACCI Annual Meeting Arrowhead Water Coop It’s Been a Long Journey © 2018 Arrowhead Cooperative Company, Inc.4 2015 2016 2017 2018 Measure L BallotCommunity AlignmentSJW Concept Saratoga City Council Oct 17, 2018 A VERY long Journey © 2018 Arrowhead Cooperative Company, Inc.5 201020001990 2020 First Attempt March 1991 Cost = $610K Second Attempt Feb 2001 Cost = $1.1M Final Attempt Oct 2018 Cost = $3.5K X X It’s Been TOO Long © 2018 Arrowhead Cooperative Company, Inc.6 2015 2016 2017 2018 Saratoga City Council Oct 17, 2018 20142013 September 2013 Saratoga Meeting June 1, 2013 1am Fire called in 1am SCCFD response: 10 Pump Engines Water on fire within 12 mins Saving factor … rare windless night ACCI Annual Meeting © 2018 Arrowhead Cooperative Company, Inc.10 SJ Water Design Plans Qty: 13 © 2018 Arrowhead Cooperative Company, Inc.11 SJ Water Design Plans Parker Ranch Pump House Cost and Finance Structure © 2018 Arrowhead Cooperative Company, Inc.12 Pre-Pay CFD -Bond Financing Total Construction Expense Forecast SJ Water Mains $2,812 Expansion System 100 Retire Old System 25 Legal / CE / Misc 35 Surplus Reserves 390 CFD Formation 124 Interest Expenses 4-5% Cost of Issuance 230 Debt Reserve Fund 190 15 Properties 24 Properties Reserves are insurance for bondholders Property Financed over 30 years Credit at yr. 29 $3.5M $K Cash Deposit July 31, 2018 $100K ($89K) $3.9M 39 Properties First Step –Establish the CFD Community Facilities District © 2016 Arrowhead Cooperative Company, Inc.13 Measure LMay 2, 2017 © 2018 Arrowhead Cooperative Company, Inc.14 $6 million $9,542 History of SJW Project and Total Project Costs Cost item $K 2015-16 2017 2018 Oct 17, 2018SJW Main Lines $2,720 $2,720 $2,812 $2,812Expansion System 100 100 100 100Tank Removal 75 25 25 25Legal / Other 75 25 35 35CFD Formation 75 75 100 124Buffer for Overruns 450 575 390 390 Main Lines Total $3,495 $3,570 $3,462 $3,486 COST PER 39 HOME $89.6K $91.5K $88.8K $89.4KBond Issue Size 2,500 2,400 2,430 2,630Bond COI +Reserve 505 470 468 420 TOTAL COST $4,000 $4,040 $3,930 $3,905 Annual Tax Rate $9,542 $8,780 $7,250 $8,500 © 2018 Arrowhead Cooperative Company, Inc.15 23 24 242323 = # Bond Properties % Chg 2015-now +3% -0- -0- -2% -11% SJ Water Construction Schedule © 2018 Arrowhead Cooperative Company, Inc.16 Nov Dec Jan Mar Water ON April 2019 Feb Main Line Construction 1.5” or 2” Supply Lines HDPE Heat Fused Pipe Home Water Service Lines Homeowner Responsibility 70 Work Days Building a Defensible Area Prior to Evacuation, can soak perimeters © 2018 Arrowhead Cooperative Company, Inc.18 Fire Protection Strategy © 2018 Arrowhead Cooperative Company, Inc.19 Food Water Internet 20 FTTH: Fiber to the Home © 2017 Arrowhead Cooperative Company, Inc.21 FTTH Cabling Infrastructure Main Fiber Hubwith 288 Ports Access Points on Utility Poles Pictures are examples only FTTH Modem with Ethernet and wireless Aerial Cables to House 22 Can We Make a Fiber Zone? QUESTIONS:Are Homesinterested in FTTH?And willing to Pay for it? 49 Potential Homes:Prospect RdBlue Hills DrArrowhead LnScenic HeightsRolling Hills Rd 23 Fremont Older YES we CAN !! 44 of 49 Homes Signed Up ATT Connected Community 24 ASSCMonthly lump payment to ATT Homeowners make monthly fixed payment to Association ATT Connected Communities •Price and Bundle discounts •Fixed pricing 25 ATT Retail FTTH Programs 100 Mbps 300 Mbps 1 Gbps 1000 Mbps Association provides Internet-only, at discount ATT promotes bundles and new services directly to home Prices do not reflect ASSC volume prices © 2018 Arrowhead Cooperative Company, Inc.26 IoT Sensors and Advanced Image Identification 27 © 2018 Arrowhead Cooperative Company, Inc.28 Food Water Internet © 2018 Arrowhead Cooperative Company, Inc.29 © 2018 Arrowhead Cooperative Company, Inc.30 What is Community? © 2018 Arrowhead Cooperative Company, Inc.31 Thank You for your Support