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HomeMy WebLinkAboutCC RESO 92-31RESOLUTION NO. 92-31 RESOLUTION OF SUPPORT OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY FOR ESTABLISHMENT OF THE SAN DIEGO AREA WASTEWATER MANAGEMENT DISTRICT (SAD) WHEREAS, the Clean Water Program Governance Advisory Group was established by the Cities of National City, Chula Vista, Coronado, Del Mar, El Cajon, Imperial Beach, La Mesa, Lemon Grove, Poway, San Diego, the County of San Diego, the San Diego County Water Authority, the Otay Water District, and the Padre Dam Municipal Water District to advise the respective legislative bodies of the members concerning the appropriate entity for the management and organization needed to implement the Greater San Diego Clean Water Program, with due consider- ation to be given by the Advisory Group to the financial impacts of such recommendation; and WHEREAS, the Advisory Group has recommended the implementation of a special act district to be called the San Diego Area Wastewater Management District; and WHEREAS, on January 15, 1991, the National City City Council authorized its Governance Advisory Group representative on behalf of the City, to support legislation, Senate Bill 1225, providing for the formation of the San Diego Area Wastewater District to provide regional management of wastewater and its by- products; and WHEREAS, a program of public improvements known as Alternative IVA, Phase I, to upgrade the Metropolitan Sewerage System to comply with the Clean Water Act, the State Ocean Plan, and the Coastal Commission requirements includes the following projects to be completed by the end of 2003: Clean Water Operations Network (COMNET) East Mission Bay Pipeline Fiesta Island Replacement Project Mission Valley Pipeline Mission Valley Raw Sludge Pipeline Mission Valley Water Reclamation Plant Mission Gorge Water Reclamation Plant North City Pipeline North City Treatment Plant North City Tunnel Connector Northern Sludge Processing Facility Continued on Page Two Resolution No. 9 2- 31 Page 2 of 3 Otay Valley Pipelines Otay Valley Water Reclamation Plant Point Loma Outfall Extension Pomerado Water Reclamation Plant Poway Raw Sludge Pipelines San Diego River Outfall Santee Raw Sludge Pipeline Santee Reclaimed Water Pipeline Santee Water Reclamation Plant South Bay Secondary Treatment Plant South Bay Water Reclamation Plant Southern Secondary Treatment Plant Sewers Southern Sludge Processing Facility Southern Water Reclamation Sewers; and WHEREAS, the predesign, design and construction costs of the Alternative IVA, Phase I projects total approximately $2,529,000,000 excluding the Pomerado, Poway and Santee projects and financing costs; and WHEREAS, the City of San Diego is pursuing federal legislation to enable an application for a waiver to secondary treatment at the Point Loma Treatment Plant which may result in the cancellation of some of the Alternative IVA public improvements; and WHEREAS, the creation of the San Diego Area Wastewater Manage- ment District will result in a stronger credit rating and lower borrowing costs than either the City of San Diego continuing to own, operate and borrow for the System, or the creation of a joint powers authority; and WHEREAS, the Financial Advisor to the City of San Diego has advised that over the borrowing life of the program (a) when compared with using the City of San Diego as an issuer, the special act district may save up to five (5) basis points of interest (.05 %) on identical financing options, possibly amounting to $25 to $50 million in interest savings on the borrowing program; (b) when compared with using a joint powers authority as issuer, the special act district may save up to 7.5 basis points of interest (.075 %) on identical financing options, possibly amount to $37.5 to $75 million in interest savings on the borrowing program; and (c) when compared with the financing option of Certificates of Participation (COP's), the only other financing option available to the City of San Diego when an electorate does not support a bond issue, the special act district may save up to twenty basis points (.2%), possibly amounting to $100 to $200 million in additional costs; and Continued on Page Three Resolution No. 92-31 Page 3 of 3 WHEREAS, the current operating agreements between the City of San Diego and the Metropolitan Sewerage System do not provide the participating agencies with a meaningful me hod of cipatinvoic ng agencles their opinions on System operations prior to System operating decisions being made; and WHEREAS, the participating agencies strongly desire greater decision - making control over policies and procedures of the Metropolitan Sewerage System. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of National City that the passage and implementation of the document known as Senate Bill 1225 is in the best interest of the customers of the Metropolitan Sewerage System by creating a regional organization and governance structure for the Metropolitan Sewerage System to provide the best public service at least cost. PASSED and ADOPTED this 3rd day of March, 1992. ATTEST: Lori Anne Peoples City Clerk APPROVED AS TO FORM: George H. Eiser, III City Attorney George H. Waters, Mayor