Loading...
HomeMy WebLinkAbout16.e. Receive update on Septic-to-Sewer Financing Program Page 1 of 5 Item 16.e. CENTRALSAN jdf A- hom CENTRAL CONTRA COSTA SANITARY DISTRICT May 5, 2022 TO: HONORABLE BOARD OF DIRECTORS FROM: HEATHER RAMAMURTHY, MANAGEMENT ANALYST THOMAS BRIGHTBILL, SENIOR ENGINEER REVIEWED BY: DANEA GEMMELL, PLANNING AND DEVELOPMENT SERVICES DIVISION MANAGER JEAN-MARC PETIT, DIRECTOR OF ENGINEERING AND TECHNICAL SERVICES ROGER S. BAILEY, GENERAL MANAGER SUBJECT: RECEIVE UPDATE ON THE SEPTIC-TO-SEWER (S2S) FINANCING PROGRAM The attached presentation provides an update on the Septic-to-Sewer Financing Program. Staff presented the material to the Finance Committee on March 22, 2022. The presentation will also be presented at the May 5, 2022 Board of Directors meeting with an opportunity for questions. Strategic Plan re-In GOAL ONE: Customer and Community Strategy 1—Deliver high-quality customer service, Strategy 2—Maintain a positive reputation GOAL THREE: Fiscal Responsibility Strategy 1—Maintain financial stability and sustainability ATTACHMENTS: 1. Presentation May 5, 2022 Regular Board Meeting Agenda Packet- Page 237 of 261 Page 2 of 5 x 4' SEPTIC-TO-SEWER INCENTIVE PROGRAM ONE YEAR LATER Thomas Brightbill Senior Engineer Planning & Development Services Division Board Meeting May 5, 2022 Y 1RIM - SEPTIC-TO-SEWER PROGRAM Encourage property owners to connect to the public sewer system by offering low-interest financing for all costs of septic conversion. CFNTPAL SAN May 5, 2022 Regular Board Meeting Agenda Packet- Page 238 of 261 1 Page 3 of 5 WORK ACCOMPLISHED • Approximately 200 single family residences on septic with an existing sewer main in close proximity were identified • Board of Directors approved a 2-year pilot program on February 18, 2021 • Staff developed internal processes, financing agreements, and other materials • First financing agreement signed on October 26, 2021 • A total of 7 agreements have been signed with an average amount financed of $28,539 COSTS PAID TO THIRD PARTIES ARE $659695 Central San Third-Party Total Fees Costs Financed Financed Financed $134,078 $65,695 $199,773 As of February 24,2022 May 5, 2022 Regular Board Meeting Agenda Packet- Page 239 of 261 2 Page 4 of 5 SEVEN FINANCING AGREEMENTS HAVE BEEN SIGNED 7 Signed Agreements Wamomm- 19 Inquiries 9 Active Discussions with Property Owners 3 not resulting I in an agreement As of February 24,2022 ' STAFF CONTINUES TO REFINE THE PROGRAM • Homeowners having difficulty obtaining three competitive bids • Short-term solution: waiver for single bids • Long-term solution: working on communications and outreach to contractors • Customers still had questions after reading program materials • Updating program materials • Ultimately incorporate the improvements into targeted outreach materials • Initial processes with Financial Planning, Inspection, Permit Counter have been established • Finalizing processes with Finance to book receivables and process annual payments received May 5, 2022 Regular Board Meeting Agenda Packet- Page 240 of 261 3 Page 5 of 5 CREDITS • Program Development and Coordination: Heather Ramamurthy • Inspection: Paul Kelly, Lance Miller, Daniel Napier • Permit Counter: Kim Stahl, Kathrine Woolridge, Rigo Casarez • Notaries: Kathleen Rodriguez, Nicole Crawford • Accounting and Finance: Olivia Ruiz, Theresa McCauley, Amal Lyon, Kate Grumbine • Communications: Chris Carpenter, Ann Vallee, Charles Waltmire • Leads and Templates: Russ Leavitt • RSC: Jimmie Castillo CFNTPALSAN QUESTIONS? ZI CFNTPAL SAN May 5, 2022 Regular Board Meeting Agenda Packet- Page 241 of 261 4