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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Action: Resolution 4971 Approving the Issuance of Additional Revenue <br />Bonds by the Metropolitan Wastewater Management Commission; <br />and Providing an Effective Date <br /> <br /> <br /> <br />Meeting Date: April 20, 2009 Agenda Item Number: 4 <br />Department: Public Works Staff Contact: Peter Ruffier <br />www.eugene-or.gov Contact Telephone Number: 682-8606 <br /> <br /> <br /> <br /> <br />ISSUE STATEMENT <br /> <br />The Metropolitan Wastewater Management Commission (MWMC) oversees the regional wastewater <br />program (RWP) that serves the Eugene/Springfield communities. To maintain compliance with state- <br />mandated regulations and to increase wastewater treatment capacity necessary to provide for anticipated <br />community growth, the MWMC established a 20-Year Capital Improvement Program. The specific <br />capital projects needed are identified in the approved 2004 Facility Plan, and it is estimated that these <br />projects will cost a total of $196 million (in 2006 dollars). The commission has issued $100 million in <br />debt (via two revenue bonds and a state revolving fund loan) to support the CIP, the maximum amount <br />of borrowing it is currently authorized for by the intergovernmental partners in MWMC (the cities of <br />Eugene and Springfield, and Lane County). To complete the approved Facilities Plan, the commission <br />is requesting an additional $100 million in borrowing authority for revenue bonds and low-interest <br />loans. <br /> <br /> <br />BACKGROUND <br /> <br />A public hearing on this matter was held before the council on Monday, April 20, 2009. No public <br />testimony was offered at the hearing. The Springfield City Council approved a resolution increasing the <br />borrowing authority of the MWMC, on April 6, 2009. The Lane County Board of Commissioners is <br />scheduled to address the issue on May 20, 2009. <br /> <br />In 2004, the MWMC and the three governing bodies adopted a Facilities Plan for the regional <br />wastewater program, which included capital projects that had an estimated cost of $144 million (in 2004 <br />dollars), necessary to meet the wastewater treatment needs of the Eugene-Springfield metropolitan area <br />through the year 2025. The 2004 Facilities Plan outlines a schedule for construction of the capital <br />improvements necessary to maintain regulatory compliance as well as satisfy anticipated demands for <br />treatment capacity. <br /> <br />The construction program implementing the 2004 Facilities Plan improvements encompasses 38 <br />individually described capital projects that span 20 years of implementation. The CIP is on schedule to <br />meet legal and regulatory obligations. Many of the critical components of the Facilities Plan are front- <br />loaded in the 20-year period. This is to comply with a requirement that, by the end of 2009, wastewater <br />facilities be able to transport and treat the peak flow generated by a five-year, 24-hour storm event. This <br /> Z:\CMO\2009 Council Agendas\M090427\S0904274.doc <br /> <br />