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Home My WebLink About10.a. Adopt Resolution 2012-030 declaring intention to reimburse expendituresCentral Contra Costa Sanitary District 10.a. BOARD OF DIRECTORS POSITION PAPER Board Meeting Date: April 19, 2012 subject: ADOPT RESOLUTION DECLARING INTENTION TO REIMBURSE EXPENDITURES FROM THE PROCEEDS OF OBLIGATIONS WHICH MAY BE ISSUED BY CENTRAL CONTRA COSTA SANITARY DISTRICT Submitted By: Initiating Dept./Div.: Thea Vassallo, Finance Manager Administrative /Finance & Accounting REVIEWED ND RECOMMENDED FOR BOARD ACTION: r T. Vas Ilo ent Im District Counsel Ann Farrell, General Manager ISSUE: Approval and authorization of the Board of Directors is required to declare its intent to reimburse expenditures from the proceeds of obligations which may be issued by the District under U.S. Treasury Income Tax Regulation Section 1.150 -2. RECOMMENDATION: Adopt a resolution declaring intention to reimburse expenditures from the proceeds of obligations which may be issued by the District. FINANCIAL IMPACTS: The adoption of the resolution will allow the District to be reimbursed for expenditures on capital projects from tax exempt bond proceeds. The resolution allows the District to borrow up to $75,000,000. ALTERNATIVES /CONSIDERATIONS: The District could issue bonds to cover only future Capital Improvement Budget (CIB) expenditures. Staff does not recommend this, as it is advantageous for the District to reimburse itself for previous costs due to arbitrage constraints. BACKGROUND: Over the last few months, staff has presented different scenarios on the use of Sewer Service Charge increases as well as debt financing to partially cover the cost of the Capital Improvement Program. The 2011 -2012 and 2012 -2013 Capital Improvements Programs anticipate the issuance of tax - exempt debt to provide funding for projects with a long term useful life. The law requires that the District declare its official intent to finance specific projects with bond proceeds prior to incurring expenditures that will later be reimbursed. The attached resolution accomplishes this declaration. The projects proposed for financing in fiscal years 2011 -2012 and 2012- 2013 are listed as Exhibit A to the attached resolution. The attached resolution will allow the District to reimburse expenditures going back 60 days prior to the adoption of the resolution for several projects in the 2011 -2012 and 2012 -2013 CIB. The attached resolution is required under Federal Tax Law for reimbursement of prior project costs (60 days) and is commonly referred to as a "Reimbursement Resolution." Once the Board adopts the resolution, the District will be permitted to reimburse itself from the bond proceeds, if issued, for project costs POSITION PAPER Board Meeting Date: April 19, 2012 subject ADOPT RESOLUTION DECLARING INTENTION TO REIMBURSE EXPENDITURES FROM THE PROCEEDS OF OBLIGATIONS WHICH MAY BE ISSUED BY CENTRAL CONTRA COSTA SANITARY DISTRICT expended by the District prior to the issuance of the obligation. Adoption of the resolution does not obligate the District to complete the financing and issuance of the obligation, but simply protects the District's ability under Federal Tax Law to reimburse project costs from obligation proceeds. RECOMMENDED BOARD ACTION: Adopt a resolution declaring intention to reimburse expenditures from the proceeds of obligations which may be issued by the District. C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files \Content.Outlook \DVCG8C5G \(Rev) Reimburse Expenditures from Proceeds of Obligations 4 -19 -12 #3.docPage 2 of 2 RESOLUTION NO. 2012 -030 A RESOLUTION DECLARING INTENTION TO REIMBURSE EXPENDITURES FROM THE PROCEEDS OF OBLIGATIONS WHICH MAY BE ISSUED BY CENTRAL CONTRA COSTA SANITARY DISTRICT WHEREAS, the Board of Directors of the Central Contra Costa Sanitary District (the "District ") proposes to undertake the capital programs and subprograms referenced below and intends to finance such projects, and to use a portion of the proceeds of such obligations to reimburse expenditures made for the projects prior to the issuance; and WHEREAS, United States Income Tax Regulations section 1.150 -2 provides generally that proceeds of tax - exempt obligations are not deemed to be expended when such proceeds are used for reimbursement of expenditures made prior to the date of issuance of such obligations unless certain procedures are followed, one of which is a requirement that (with certain exceptions), prior to the payment of any such expenditure, the issuer declares an intention to reimburse such expenditure from the proceeds of obligations issued after such expenditure has been incurred; and WHEREAS, it is in the public interest and for the public benefit that the District declares its official intent to reimburse the expenditures referenced herein. NOW, THEREFORE, it is hereby DECLARED and ORDERED, as follows: 1. The District intends to design, construct and acquire the projects within the capital project programs described in the attached Exhibit A. 2. The District hereby declares that it reasonably expects that (i) it will issue bonds or other obligations to finance all or a portion of the costs of the Projects, and (ii) it may pay capital expenditures for the Projects prior to the issuance of such bonds or other obligations and reimburse such expenditures from the proceeds of such bonds or other obligations. 3. The maximum principal amount of tax - exempt bonds or other obligations that the District expects to issue for the Projects is $75,000,000. PASSED AND ADOPTED this 19th day of April, 2012, by the Board of Directors of the Central Contra Costa Sanitary District by the following vote: Central Contra Costa Sanitary District Resolution No. 2012 -030 Page 2 of 2 AYES: Members: NOES: Members: ABSTAIN: Members: James A. Nejedly President of the Board of Directors Central Contra Costa Sanitary District County of Contra Costa, State of California COUNTERSIGNED: Elaine R. Boehme, CIVIC Secretary of the District Central Contra Costa Sanitary District County of Contra Costa, State of California � f,r Approved as to form: c �. Kenton L. , Esq. Counsel for the District Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report Start Expenditures Estimated Expenditures Proj # Project Title Date @ 2/1/2012 ** 12 -13 13 -14 14 -15 Collection System 1 - Renovation 5991 Pleasant Hill Sewer Renovations - ph 2 12/2008 142,197 200,000 2,040,000 0 5990 Lafayette Sewer Renovation - ph 7 07/2009 2,639,594 10,000 0 0 8401 Walnut Creek Sewer Renovations - ph 9 07/2009 439,602 1,800,000 958,000 0 5976 Diablo Renovations - ph 2 08/2009 94,364 300,000 2,000,000 0 pCS99 Watershed 44 Creek Xing Stabilization 01/2010 46,000 81,000 0 0 5982 Pipeburst Blanket Contract 07/2010 327,033 100,000 100,000 100,000 5999 CIPP Blanket Contract 07/2010 3,161 10,000 100,000 100,000 5955 Suspended Pipe Support 07/2010 50,106 100,000 0 0 8404 Lafayette Sewer Renovation - ph 8 07/2010 209,720 1,800,000 0 0 5948 TV Inspection Program - ph 2 07/2010 849,950 1,000,000 1,000,000 1,000,000 8405 2012 CIPP Lining Project 07/2010 27,516 2,000,000 0 0 5973 North Orinda Sewer Renovations - ph 4 08/2010 691,883 1,806,000 574,000 0 pCS36 Lafayette Sewer Renovations - ph 9 07/2012 0 250,000 1,800,000 0 pCS37 North Orinda Sewer Renovations - ph 5 07/2012 0 264,000 1,800,000 0 pCS32 Pleasant Hill Sewer Renovations - ph 3 07/2012 1,000 10,000 250,000 1,800,000 pCS26 Martinez Sewer Renovations Phase 4 07/2012 0 10,000 200,000 1,800,000 pCS35 Walnut Creek Sewer Renovations - ph 10 07/2012 0 229,000 1,800,000 0 pCS22 Concrete Pipe Renovation Program 07/2012 115,000 1,000 1,000 1,000 pCS05 Cath Prot Sys Repl - 12 -13 thru 21 -22 07/2012 6,000 200,000 200,000 100,000 pCS40 Coll Sys Urgent Proj - FY 2012 -13 thru 21 -22 07/2012 0 50,000 50,000 50,000 pCS16 Collection System Renovation Program 07/2012 0 100,000 100,000 1,000,000 none North Orinda Sewer Renovations - ph 6 07/2013 0 0 250,000 1,800,000 none Walnut Creek Sewer Renovations - ph 11 07/2013 0 0 250,000 1,800,000 none Pleasant Hill Sewer Renovations - ph 4 07/2014 0 0 0 250,000 none Walnut Creek Sewer Renovations - ph 12 07/2014 0 0 0 250,000 none Lafayette Sewer Renovations - ph 10 07/2014 0 0 0 250,000 none North Orinda Sewer Renovations - ph 7 07/2014 0 0 0 200,000 none Lafayette Sewer Renovations - ph 11 07/2015 0 0 0 0 none Diablo Renovations - ph 3 07/2015 0 0 0 0 none South Orinda Sewer Renovations - ph 6 07/2015 0 0 0 0 none Walnut Creek Sewer Renovations - ph 13 07/2015 0 0 0 0 none Martinez Sewer Renovations - ph 5 07/2016 0 0 0 0 none Lafayette Sewer Renovations - ph 12 07/2016 0 0 0 0 none Walnut Creek Sewer Renovations - ph 14 07/2016 0 0 0 0 none South Orinda Sewer Renovations - ph 7 07/2016 0 0 0 0 none Lafayette Sewer Renovations - ph 13 07/2017 0 0 0 0 pCS06 Mount Diablo Blvd Main Improvements 07/2017 0 0 0 0 pCS23 Walnut Creek Civic Center Main Improvs 07/2017 0 0 0 0 none South Orinda Sewer Renovations - ph 8 07/2017 0 0 0 0 none Walnut Creek Sewer Renovations - ph 15 07/2017 0 0 0 0 none North Main Trunk Improvements 07/2018 0 0 0 0 none Walnut Creek Sewer Renovations - ph 16 07/2018 0 0 0 0 none Locust Street Improvements 07/2018 0 0 0 0 none Walnut Creek Sewer Renovations - ph 17 07/2019 0 0 0 0 pCS11 TV Inspection Program - Phase 3 07/2020 0 0 0 0 none A -Line Relief -39 Inch Rehab 08/2020 0 0 0 0 5,643,126 10,321,000 13,473,000 10,501,000 ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report ** Project expenditures going forward may be reimbursed from bond proceeds. Start Expenditures Estimated Expenditures Proj # Project Title Date @ 2/1/2012 ** 12 -13 13 -14 14 -15 2 - Reg. Compliance /Planning /Safety 5965 Collection System Planning 07/2006 1,132,728 170,000 0 0 5962 Manhole Remote Level Monitoring 07/2009 94,225 100,000 100,000 100,000 5993 Forcemain Assessment 07/2009 76,428 14,000 0 0 5997 CNWS Facility Plan 07/2010 169,309 0 0 0 pCS03 Coll Sys Modeling Upg 12 -13 thru 17 -18 07/2012 0 100,000 0 0 none CS Planning - Long Term 07/2013 0 0 170,000 170,000 none Manhole Remote Level Monitoring - LT 07/2015 0 0 0 0 1,472,690 384,000 270,000 270,000 3 - Expansion 5967 A -Line Easement Acquisition - ph 2 07/2006 1,320,840 9,000 0 0 5937 Alhambra Vly Assmt Districts 11/2007 127,458 3,000 0 0 pCS33 Trunk Sewer Expansion Program 07/2009 0 1,000 1,000 1,000 8402 Contractual Assessment Districts 07/2011 165,000 500,000 500,000 500,000 6002 Pleasant Hill Grayson Creek 07/2012 350,000 500,000 2,600,000 0 pCS17 Development Sewerage - Capital Plan years 07/2012 155,000 681,000 681,000 800,000 pCS38 Pleasant Hill Road Corridor 07/2013 0 0 235,000 965,000 pCS09 San Ramon Sched C Interceptor - ph 2 07/2013 0 0 450,000 2,850,000 pCS08 Lancaster Rd WC, Tr 13 -600 07/2014 0 0 0 227,000 pCS20 Moraga Way Orinda, Tr 10- 200/300 07/2015 0 0 0 0 none Martinez Alhambra Avenue Trunks 07/2018 0 0 0 0 none WC- Walnut Blvd Corridor -Trunk 29 -200 07/2018 0 0 0 0 pCS18 Trunk Sewer Expansion Program - LT 07/2019 0 0 0 0 none Lafayette - Happy Valley Road Sewer 07/2020 0 0 0 0 pCS10 Walnut Creek - Palmer Road 07/2020 0 0 0 0 none A- Line -Phase 2B 07/2020 0 0 0 0 none Contractual Assmt Districts - Long Term 07/2021 0 0 0 0 2,118,298 1,694,000 4,467,000 5,343,000 4 - Pumping Stations 5941 PS Equip & Piping Repl 07/2007 393,720 75,000 75,000 75,000 8407 Martinez Bypass Pump 04/2010 190,812 5,000 0 0 5995 San Ramon Bypass Pump 07/2010 64,442 200,000 0 0 pCS31 Pump Station Hazard Identification 1212010 7,000 20,000 0 0 8403 Buchanan South PS Replacement Sewer 02/2011 0 400,000 400,000 0 6003 San Ramon Pumping Station Upgrades 05/2011 75,143 250,000 0 0 pCS13 PS SCADA O &M Manual 07/2011 10,000 10,000 0 0 pCS19 Pumping Station Minor Upgrades 07/2011 30,000 25,000 0 0 8406 Pump Station Safety Improvements 07/2011 50,000 60,000 60,000 60,000 pCS29 Fairview / Maltby Upgrades 03/2012 19,000 50,000 0 0 pCS34 Misc. Force Main Improvements 07/2012 0 25,000 200,000 0 pCS25 SCADA Master Plan 07/2012 0 25,000 25,000 0 8408 Pumping Stations Master Plan 07/2012 0 80,000 70,000 0 pCS28 Flush Kleen Pumping Station Improvements 07/2012 0 50,000 250,000 0 pCS27 Moraga PS Grinder 07/2012 0 50,000 350,000 0 pCS24 Lower Orinda PS Force Main 07/2016 0 0 0 0 none PS Equip & Piping Repl - LT 01/2018 0 0 0 0 ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report Collection System Total 10,074,231 13,724,000 19,640,000 16,249,000 ** Project expenditures going forward may be reimbursed from bond proceeds. Start Expenditures Estimated Expenditures Proj # Project Title Date @ 2/1/2012 ** 12 -13 13 -14 14 -15 pCS39 Orinda Crossroads PS Force Main 07/2018 0 0 0 0 none Buchanan North PS Upgrades 07/2018 0 0 0 0 none Bates Blvd PS Upgrades 07/2019 0 0 0 0 none Moraga Pumping Station Force Main 07/2020 0 0 0 0 none Concord Industrial Pumping Station Repl 07/2021 0 0 0 0 none Clyde Parallel Force Main 07/2021 0 0 0 0 none Pump Station Safety Improvements - LT 07/2021 0 0 0 0 840,117 1,325,000 1,430,000 135,000 Collection System Total 10,074,231 13,724,000 19,640,000 16,249,000 ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report Proj # Project Title Start Date Expenditures @ 2/1/2012"* Estimated Expenditures 12 -13 13 -14 14 -15 General Improvements 0 8227 GDI - Treatment Plant 07/2008 260,725 1 - Vehicles & Equipment 400,000 0 8232 GDI -SMMS Replacement 9999 Cap Proi Clearing 07/2008 159,172 1,000 1,000 1,000 8513 Veh and Equipt Acquisition FY2012/13 07/2012 0 960,000 0 0 pG103 Vehicles and Equipment Acquisition - LT 07/2013 0 0 500,000 500,000 500,000 3 - Projects 159,172 961,000 501,000 501,000 2 - Management Information Systems 8195 Information Technology Development 07/2004 5,052,217 1,095,000 500,000 0 8227 GDI - Treatment Plant 07/2008 260,725 200,000 400,000 0 8232 GDI -SMMS Replacement 07/2010 184,711 345,000 255,000 0 none Info Technology Devt - long term 07/2014 0 0 0 500,000 5,497,653 1,640,000 1,155,000 500,000 3 - Projects 8210 Kiewit Clean Fill Operation 09/2004 136,162 60,000 0 0 8219 HOB Improvements 07/2006 608,542 11,000 0 0 8217 Capital Improvement Plan and Budget 07/2006 650,682 90,000 110,000 110,000 8221 POD Office Imprvs 10/2006 129,247 75,000 0 0 8223 District Property Safety Improvements 07/2007 18,380 80,000 0 0 8207 General Security Access 07/2007 57,615 15,000 0 0 8224 Rental Property Improvements 07/2007 40,440 30,000 0 0 8225 Imhoff Triangle Development 12/2007 43,544 10,000 0 0 8226 Seismic Improvements for HOB 07/2008 811,920 3,800,000 700,000 0 8229 Martinez Easements 08/2009 140,734 31,000 0 0 8228 District Easements 01/2010 395,616 100,000 0 0 8231 Rental Property Seismic Improvements 02/2010 55,315 250,000 0 0 8230 Capital Legal Services - 2010 to 2018 07/2010 60,926 70,000 70,000 70,000 pG106 CSOD Facilities Improvements 01/2012 18,000 30,000 30,000 30,000 pG105 POD Office Improvements - LT 07/2013 0 0 75,000 75,000 pG104 HOB Improvements - LT 07/2013 0 0 50,000 50,000 none Kiewit, DP Safety, Gen Sec, Rental, Imhoff LT 01/2014 0 0 30,000 30,000 none District Easements - LT 01/2014 0 0 75,000 75,000 none CSO Vehicle Maint Bldg 07/2015 0 0 0 0 none Capital Improvement Plan and Budget 01/2017 0 0 0 0 none Capital Legal Services - LT 07/2018 0 0 0 0 none CSOD Facilities Improvements - LT 07/2021 0 0 0 0 3,167,123 4,652,000 1,140,000 440,000 General Improvements Total 8,823,948 7,253,000 2,796,000 1,441,000 ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Ten Year Program Estimated Expenditures P -11 Report Proj # Project Title Start Date 3/30/2012 Expenditures @ 2/1/2012 ** Exhibit A Estimated Expenditures 12 -13 13 -14 14 -15 Recycled Water 1 - Urban Landscaping 7261 REW - Cathodic Prot Sys Repl 07/2006 12,084 5,000 5,000 5,000 7259 Recycled Water Planning 01/2008 1,037,834 105,000 105,000 105,000 7279 Concord Naval Weapons REW 07/2010 240,890 5,000 5,000 5,000 7300 Refinery Recycled Water Project 07/2011 50,000 100,000 100,000 100,000 7299 Concord Landscape Project 07/2011 379,182 3,300,000 200,000 0 7303 REW Line to Conco & Maltby PS Repl 03/2012 25,000 100,000 0 0 pRW03 Zone 1 Recycled Water - ph 1 C - LT 07/2012 0 315,000 136,000 335,000 none Recycled Water Treatment Fac Imprs 07/2015 0 0 0 0 none RW - Cathodic Prot Sys Repl LT 01/2017 0 0 0 0 none Recycled Water Planning - phase 1 B 07/2017 0 0 0 0 Recycled Water Total 1,744,990 3,930,000 551,000 550,000 ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report Start Expenditures Estimated Expenditures Proj # Project Title Date @ 2/1/2012 ** 12 -13 13 -14 14 -15 Treatment Plant 1 - Reg, Compliance /Planning /Safety 7256 Alt Energy & Greenhouse Gas Red Plan 07/2007 622,822 10,000 0 0 7287 TP Master Plan Update 07/2009 338,413 95,000 0 0 7283 Fire Protection System Improvements 09/2009 27,315 5,000 0 0 7284 TP Hazard Identification & Remediation 10/2009 114,320 70,000 80,000 75,000 pTP21 Alternative Energy Facilities 07/2011 1,000 25,000 25,000 25,000 pTP22 Incinerator Emissions Compliance Modifications 07/2011 75,000 75,000 0 0 7301 Treatment Plant Planning 07/2011 80,000 230,000 240,000 150,000 pTP08 TP Safety Impr 2011 -12 thru 2019 -20 07/2011 5,000 5,000 5,000 5,000 pTP12 Standby Effluent Pumps Refurb - ph 2 07/2011 2,500 10,000 550,000 0 pTP20 Nitrification 01/2012 5,000 5,000 5,000 5,000 pTP23 TP Security Upg - FY2012 -13 thru 2020 -21 07/2012 5,000 10,000 10,000 10,000 pTP33 Treatment Plant Soil Remediation 07/2012 0 25,000 25,000 1,000 pTP31 Permitting Study for New Furnace 07/2012 0 25,000 25,000 0 none Future Regulatory Projects 07/2020 0 0 0 0 none TP Safety Improvements Program 07/2020 0 0 0 0 pTP34 Ozone Disinfection 07/2020 0 0 0 0 pTP07 New Solids Hdg Fac (MHF /Digesters) 07/2020 0 0 0 0 none Primary Treatment Covers 07/2021 0 0 0 0 none Nitrification - Phase 2 07/2021 0 0 0 0 1,276,370 590,000 965,000 271,000 2 - One -Time Renovation 7241 Wet Weather Bypass Improvements 09/2004 3,227,530 10,000 10,000 0 6169 Instr & Control - PLC Sys Upg - ph 2 07/2006 359,766 0 0 0 7272 Aeration System Renovation 01/2007 421,011 100,000 1,500,000 5,000 7255 Primary Structures Demolition 10/2007 1,143,472 5,000 0 0 7292 Switchgear Replacement - ph 2 01/2010 120,748 90,000 190,000 440,000 7294 Secondary Process Improvements 02/2010 55,695 5,000 5,000 100,000 7285 Primary Treatment Renovation 07/2010 271,309 1,000,000 5,000,000 3,500,000 7289 POB Seismic Upgrade 07/2010 47,286 1,000 1,000 150,000 7295 Auxiliary Boiler Burner Upgrade 07/2010 65,460 5,000 0 0 7291 Pump & Blower Bldg Seismic Upgrade 07/2010 229,726 3,000,000 5,000 0 7297 Wet and Dry Scrubber Replacement 07/2010 854 1,000 1,000 200,000 7290 Outfall Improvements, Phase 6 01/2011 831,132 815,000 0 0 pTP03 Plant Cyber Security 07/2011 20,000 25,000 25,000 25,000 pTP15 Furnace Burner 07/2012 0 50,000 50,000 800,000 pTP24 Instr & Cont - PLC Sys Upg - 12 -13 thru 21 -22 07/2012 0 80,000 80,000 80,000 pTP35 Solids Handling Equipment Evaluation 07/2012 0 50,000 50,000 0 7302 Primary Effl Pumps Refurb - ph 2 07/2012 10,011 100,000 800,000 0 pTP19 Laboratory Seismic Upgrade 07/2013 0 0 5,000 10,000 pTP18 Warehouse Seismic Upgrade 07/2013 0 0 5,000 10,000 7286 Centrifuge & Cake Pump Upgrades 07/2014 0 0 0 280,000 pTP36 SCB Seismic Improvements 07/2021 0 0 0 0 6,804,000 5,337,000 7,727,000 5,600,000 3 - Recurring Renovation ** Project expenditures going forward may be reimbursed from bond proceeds. Central Contra Costa Sanitary District Exhibit A Ten Year Program Estimated Expenditures 3/30/2012 P -11 Report Start Expenditures Estimated Expenditures Proj # Project Title Date @ 2/1/2012 ** 12 -13 13 -14 14 -15 7268 TP Facilities Renovations 07/2004 190,352 12,000 12,000 0 7269 TP Asset Management 12/2005 627,877 45,000 150,000 414,000 7254 TP Cathodic Prot Sys Rep] 07/2006 547,383 5,000 5,000 10,000 7265 TP Equipment Replacement 07/2007 746,191 100,000 100,000 100,000 7288 Piping Renovations - ph 6 02/2010 1,532,006 526,000 0 0 pTP30 Concrete Renovation 07/2010 5,000 50,000 50,000 50,000 pTP06 Plant Electrical and Instrumentation Repl 07/2010 5,000 25,000 0 0 pTP29 Pavement Renovation 07/2010 5,000 5,000 5,000 50,000 pTP32 Plant Energy Optimization 07/2011 20,000 25,000 25,000 25,000 7298 Piping Renovations Phase 7 09/2011 53,700 700,000 0 0 pTP16 Coating Renovation 07/2012 0 5,000 25,000 50,000 pTP37 Piping Renovations and Replacement 07/2012 0 5,000 1,000,000 1,000,000 pTP27 Electrical Cable Replacement 07/2012 0 5,000 50,000 50,000 none TP Facilities Renov Pgm - LT 07/2013 0 0 75,000 75,000 none TP Cathodic Prot Sys Repl - LT 01/2017 0 0 0 0 none TP Equipment Replacement - LT 01/2018 0 0 0 0 3,732,509 1,508,000 1,497,000 1,824,000 4 - Expansion 7264 Primary Treatment Expansion 03/2006 0 1,000 0 0 none Bar Screen for Third Wetwell 07/2021 0 0 0 0 0 1,000 0 0 Treatment Plant Total 11,812,879 7436000 10189000 7695000 Capital Program Total 32,456,048 32,343,000 33,176,000 25,935,000 ** Project expenditures going forward may be reimbursed from bond proceeds.