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HomeMy WebLinkAbout21-081 Authorizing the City Managerto Execute a Wter Supply Contract and Negotiate and Execute an Operations Agreement with the Port Townsend Paper Corporation Resolution 21-081 Page 1 of 2 RESOLUTION NO. 21-081 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, WASHINGTON AUTHORIZING THE CITY MANAGER TO EXECUTE A WATER SUPPLY CONTRACT AND NEGOTIATE AND EXECUTE AN OPERATIONS AGREEMENT WITH THE PORT TOWNSEND PAPER CORPORATION WHEREAS, the Olympic Gravity Water System (OGWS) is the City of Port Townsend's 29-mile water supply system constructed in 1928 that transports water from the Big and Little Quilcene River watersheds to the Quimper Peninsula; and WHEREAS, the Crown Zellerbach Corporation, the Port Townsend Paper Corporation's (PTPC) predecessor in interest and the City executed a lease for the OGWS in 1956 that expired in March 2020; and WHEREAS, the PTPC and the City extended the lease until December 31, 2021; and WHEREAS, the City and the PTPC have negotiated a water supply agreement that calls for a separate operations agreement whereby the PTPC will operate the OGWS; and WHEREAS, the agreement establishes a rate model for untreated water that both parties will pay for their share of OGWS untreated water that will be metered as of April 1, 2022; and WHEREAS, the revenue for the untreated water will provide for the costs of operating the OGWS and investment into future OGWS capital improvements; and WHEREAS, the water supply agreement also calls for readjustments to the rate model every five years; and WHEREAS, the agreement establishes a OGWS management and replacement strategy by creating a sinking fund for capital replacement costs that will maintain a minimum balance of$2 million; and WHEREAS, a first quarter 2022 supplemental budget will be needed to account for any changes caused by this water supply agreement; and WHEREAS, the agreement includes PTPC volume limits based on the system capacity and makes City retail customers the priority; and WHEREAS, the agreement addresses the possibility of low water supply due to climate change; and WHEREAS, should conservation measure create excess capacity in the system, the City may offer untreated water to other wholesale water customers per the agreement; and WHEREAS, the agreement also requires coordination between the City and the PTPC for any OGWS repairs and improvements; Resolution 21-081 Page 2 of 2 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Townsend, Washington, the City Manager is authorized to execute a water supply agreement with the Port Townsend Paper Company in substantially the same form as Exhibit A and make minor modifications as necessary. The City Manager is also authorized to negotiate and execute an OGWS operations agreement with the Port Townsend Paper Company. ADOPTED by the City Council of Port Townsend, Washington, at a regular meeting thereof, held this 6 t day of December 2021. ..mm ._.._._ _ . ... .. _.. Michelle Saanc,o 1 Mayor Attest: Approved as to form: Joanna Sanders, MMC - i arca wo6 City Clerk City Attorney Resolution 21-081 Exhibit A Page I of 26 WATER SUPPLY AGREEMENT dated as of December 2021 among CITY OF PORT TOWNSEND as the City, and PORT TOWNSEND PAPER COMIORATION as the Mill Resolution 21-081 Exhibit A Page 2 of 26 TABLE OF CONTENTS 1. RECITALS Page 2. DEFINITIONS Page 3. RELATIONSHIP BETWEEN THE PARTIES Page 4. ASSETS AND OWNERSHIP Page 5. WATER SUPPLY, USE, AND QUANTITY Page 6. UNCONTROLLABLE CIRCUMSTANCES Page 7. WATER DELIVERY POINTS Page 8. QUALITY OF WATER Page 9. FINANCIAL MANAGEMENT, RATES, AND CHARGES Page 10. BILLING AND PAYMENT Page 11. METERING Page 12. TERM, MILL SHUTDOWN, AND TERMINATION Page 13. GENERAL Page EXHIBIT A—OGWS FINAL REPORT Page EXHIBIT B —ASSETS Page EXHIBIT C—RATE MODEL & CAPITAL SPENDING PLAN Page EXHIBIT D—OPERATIONS AGREEMENT Page EXHIBIT E—CITY DEBT DISCLOSURE Page WATERSUPPLY AGREEMENT, dated as of December [ ], 2021 among the City of Port Townsend, ("City") and Port Townsend Paper Corporation ("Mill"). The City and Mill are each a"Party" and collectively the "Parties"to this Agreement. The Parties agree as follows. 1. RECITALS 1.1 Olympic Gravity Wager S stens l listor . In 1927, the Mill constructed a kraft paper mill in Port Townsend. In 1928, the Parties cooperated in building a 29-mile pipeline, known as the Olympic Gravity Water System or OGWS, from the Big Quilcene River watershed to the City of Port Townsend. This water system replaced a failing Snow Creek water system. The Parties have jointly improved the system by, among other things, replacing the original wood stave pipe, installing the Little Quilcene Diversion, constructing Lords Lake reservoir, rehabilitating the Big Quilcene Diversion, and upgrading the City Lake outlet system. Today, the OGWS provides raw water to the Mill for industrial purposes and to the City's newly constructed water filter plant to treat water for domestic use. The OGWS provides an average daily flow of twelve (12) million gallons per day ("MGD") with a maximum daily flow of approximately sixteen (16) MGD. Water Supply Agreement—Page 1 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 3 of 26 1.2 Co01 eta at on. Both Parties recognize that cooperation is necessary to sustain water delivery through the OGWS. In 2020, the Parties extended the lease agreement to December 31, 2021, to provide time for an analysis of the system. The analysis included, among other things, a GPS survey of the 29-mile pipeline, initial evaluation of alternative water supply, pipe condition evaluation, value engineering analysis and research concerning the 1928 steel pipe, operations assessment, capital investment analysis, environmental and planning review, and a financial analysis. The results of this analysis are included in a series of white papers that are attached to this Agreement as Exhibit A. 1.3 Water SLipply and Conservation. Water supply is limited based on water availability in the Quilcene watershed and the capacity of the pipeline system. The City is required to implement conservation measures by the Department of Health and therefore the City anticipates low growth in water use. The Mill water-use is limited in this Agreement. Historically, the Mill has temporarily reduced water consumption based on a lack of supply during low stream flows and the requirement to maintain In-Stream Flows. Additionally, the Mill periodically must curtail water use to ensure the City can obtain enough water to meet Retail Water System demands. The impacts of climate change in the region are anticipated to exacerbate water supply challenges in the future. Given the lack of future additional water supply,the Capital Spending Plan provided in Exhibit A and the Rate Model do not include capital improvements for system expansion to accommodate growth in water use by the Mill. This Agreement allows the Mill to pursue other sources of water or implement water saving technology to reduce the impacts of water supply limitations on the Mill's operation and withdraw from the City's water supply system if the Mill obtains an alternative source of water. 1.4 Water Use Priority. The Parties recognize that water supply from the Big Quilcene River watershed is beyond their control and that the City has priority use. The Parties desire to cooperatively manage the available water to minimize disruption to service recognizing water supply shortages have occurred and will occur in the future. 1.5 Cost of Water. This Agreement establishes a charge for water based on actual water usage. The rate is based on the cost of operations and maintenance, capital projects, and other expenses, and expressly excludes the City's Utility Tax as allowed by the City code. This Agreement anticipates significant capital spending on the OGWS over the term. The rate for water applies equally to the Parties based on actual water usage. Rates have been developed for the term of the Agreement, but will be updated every five (5) years. The initial rates are attached as Exhibit C. The intent of establishing rates- on a five (5)-year basis is to provide for the opportunity for conservation investments to realize a return on investment within the five(5)-year period. Updates will involve adjustment of the model to equalize rates based on actual water use data, revenues, operational costs, and capital costs. For example, a reduction in water use by both Parties will result in an adjustment of the rates upward to ensure adequate operational funds are available to operate the system and sufficient capital funds are available for the implementation of the Capital Spending Plan. 1.6 Mill and City Contributions to the OGWS. The Mill and the City built the OGWS and have jointly operated, maintained, and funded capital costs on the OGWS since 1928. The Mill will continue to operate and maintain the OGWS pursuant to this Agreement and the Operations Water Supply Agreement—Page 2 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 4 of 26 Agreement attached as Exhibit D. The Mill's historical and ongoing contributions put it in a unique position to provide benefits to the City and its residents in their continued use of the OGWS. In recognition of the Mill's contributions to the OGWS, the City has determined it is in the best interests of the community to enter into this Agreement with the Mill. 1.7 Multiple Customers. This is one of a possible series of similar, non-exclusive water supply agreements that the City may enter into. Through the OGWS,the City supplies water to the City's retail customers and may, in the future, desire to provide water to others. Subject to water supply availability including the impacts on supply water pressure, if the City desires to expand the use of the OGWS to diversify the customer base and lower the cost of water, the OGWS costs will be shared by all customers based on pro rata usage. Curtailment to all customers will occur according to the drought contingency plan developed in cooperation with the Mill and in place at the time of curtailment per Section 5.2. 2. DEFINITIONS. 2.1 "Annual Consq!n ation" means the total water metered during the calendar year. 2.2 "Averg e Dav Demand" means total water use for a year divided by the number of days a Party is operating. Average Day Demand excludes days the Mill or the City are shut down. 2.3 "Big uileene Diversion"means the location and infrastructure on the Big Quilcene River, , as designated in Water Right Certificate S2*01991C, where water is diverted into the OGWS pipeline. 2.4 ",Capital Costs" means the costs incurred or planned for the betterment and rehabilitation of the OGWS, including, but not limited to, planning, engineering, permitting, construction, financing, administration and taxes and fees. Capital Costs are outlined by project in the Capital Spending Plan and supporting documents. Unanticipated Capital Costs may also be incurred and will be included in the Rate Model if the costs exceed $10,000 and provide ten(10)years or more of useful life. 2.5 "Capital Spending 6 " or"CSP"means a twenty (20)-year schedule of Capital Costs by project. The CSP is updated every five (5)years in connection with the Rate Model. 2.6 "City Finance Department" means the City of Port Townsend office responsible for accounting and financial management. 2.7 "City La e" means the water reservoir in the OGWS system located at the terminus of Grouse Lane. City Lake provides important equalizing storage for the system operation. 2.8 "City Maana gernent Fee" means overhead costs consisting of City management, finance, accounting, administrative staff, information systems and costs to support the City management of the OGWS. 2.9 "City Olaerating Costs" means City costs associated directly with operating the OGWS, including cost of permits, Maintenance, Emergency Repairs, System Repairs, materials and Water Supply Agreement—Page 3 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 5 of 26 supplies, fees, services, staff time operating and managing the OGWS,time coordinating with the Mill, Watershed Management and performing services and work for the OGWS. City Operating Costs shall exclude the cost of overhead covered by the City Management Fee and that portion of costs the City pays the Mill under the Operations Agreement attached as Exhibit D. 2.10 "City Utility Tax" means those taxes established by Chapter 5.84 PTMC and excluded from this Agreement pursuant to Chapter 13.18 PTMC. 2.11 "Consumer Price Index" or "CPI" means the consumer price index established by the United States Department of Labor,Bureau of Labor Statistics for the Seattle—Tacoma—Bellevue Metropolitan Area for the US City average urban wage earners and clerical workers calculated from July of one (1) calendar year to June of the subsequent year. 2.12 "Debt Service Costs" means all costs relating to any OGWS debt, including the costs of issuing such debt, funding any necessary reserve or obtaining necessary credit enhancement, all principal of and interest on such debt, and ongoing costs of such debt(such as trustee and registrar costs, publishing costs, ongoing rating fees, and call premiums).. 2.13 "Delivery Poitit Meters" when referring to the Mill means the meter serving the Mill and when referring to the City means the meter serving the City. Both meters are located near the intersection of Mill Road and South 8'" Street. The meters are part of the OGWS and mark the delivery end of the system. 2.14 "Emer zenc i Re airs" means any event that impacts the system and requires a response that does not permit time for public bidding consistent with Chapter 39.04 RCW and City Financial Policies. Emergency repairs may constitute Public Work. 2.15 "In-Stream Flow" means the minimum river flow to be sustained at the diversions for the Big Quilcene River or the Little Quilcene River as required by the United States Forest Service Special Use Permit or the City's Water Rights whichever is less. 2.16 "Instantaneous Demand" means the discharge flow rate at any given time as measured by the Delivery Point Meters over any five-minute time increment. 2.17 "Little Qtail ene Diversion" means the location and infrastructure on the Little Quilcene River, as designated in Water Right Certificate S2*01990BHC, where water is diverted via a pipeline into Lords Lake. 2.18 "Lords Lake"means the water reservoir located where the pipelines converge from the Big Quilcene diversion and the Little Quilcene diversion. Lords Lake provides water supply storage used when instream flows prevent diversion from the Big Quilcene and/or the Little Quilcene Rivers. 2.19 "Maintenance" means keeping facilities in good usable, operational condition through work performed on a scheduled basis, as defined by WAC 296.127.010(7)(a)(iv), and may include minor improvements. Water Supply Agreement—Page 4 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 6 of 26 2.20 "'Maxiaaaum Day Demand" or "MDD" means the maximum amount of water used in any one (1) day within the period of one (1) year. 2.21 "Mill Shutdown"means the scheduled shutdown of the Mill for major maintenance and/or capital spending for Mill purposes. 2.22 "Mill Operating Costs" means Mill costs associated directly with operating the OGWS, including Maintenance, Emergency Repairs, System Repairs, cost of materials and supplies, fees, services, staff time operating and managing the OGWS, time coordinating with the City, and performing services and work for the OGWS. 2.23 "Olympic Gravity Water System", or "OGWS" means the water supply, storage and transmission systems consisting of the Big Quilcene Diversion, the Little Quilcene Diversion, the Lords Lake reservoir, the City Lake reservoir, and approximately 29 miles of steel transmission pipeline. The OGWS terminates at the pipeline bifurcation between the City and the Mill near the intersection of Mill Road and South 8"' Street at the Delivery Point Meters. 2.24 "Olyn-mic Gravity Wtater S "or"OGWS h"und"means a fund established by the City and used for OGWS operational and capital expense accounting separate from the City's other utilities. All Raw Water sales shall be placed in this fund as revenue to pay for OGWS operational costs and the capital.. 2.25 "Operations" means the professional service activities outlined in the scope of services in the Operations Agreement(Ex. D)associated with keeping water flowing through the system from the point of intake to the Delivery Point Meters. Operations does not include Maintenance or System Repairs. 2.26 "Operations Curtailment" means a reduction in the Mill's use of Raw Water under this Agreement by 50% or more for a period of more than one (1) year for any reason other than Uncontrollable Circumstances or because of a permanent Mill shutdown. 2.27 "Public Work" means all work on the OGWS as defined by WAC 296-127-010(7)(a), 2.28 "Raw Water" means untreated and unchlorinated water conveyed from the point of withdrawal to the Mill and the City Delivery Points through the OGWS. Raw Water is a source of water to the Mill for industrial purposes and the source of water feeding the City's Water Treatment Facility for production of potable water. 2.29 "Rate Model"means the cost-of-service model used to calculate the rates charged for Raw Water. The Rate Model calculates Raw Water rates based on revenues generated from water usage, interest earnings, bond proceeds, Capital Costs, , City Operating Costs, Mill Operating Costs, City Management Fee, Debt Service Costs, applicable State and Federal taxes,and all other costs required to support the OGWS. Pursuant to Chapter 13.18 PTMC, the City Utility Tax defined in Chapter 5.84 PTMC will not be included in the Rate Model. 2.30 "��etdi l Water S steaaa ' means the City's water utility system created under Port Townsend Municipal Code Chapter 13.11. This system includes water rights, Water Treatment Facility, Water Supply Agreement—Page 5 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 7 of 26 irrigation wells, distribution systems, reservoirs, fire hydrants, and other appurtenances necessary to potable and irrigation water within the City water service area as provided for in the City's Water System Plan. 2.31 "Systcm 1�er):tirs" means any repairs that do not qualify as a Capital Cost. System repairs may include Emergency Repairs or other minor repairs that are not part of normal Maintenance or Operations. 2.32 "Unanticipated Capital Costs'" means capital inycstnients not inclu&d in the Capital Spending Plan,. 2.33 "Uncontrollable Circumstances" means acts of sabotage, war, riots, civil disturbances, explosions, epidemics, pandemics, major weather events, earthquakes, floods, lightning, fires, power failure, watermain breaks,shortages or delays in materials,equipment or supplies necessary for the operation and maintenance of the OGWS,issuance of a temporary restraining order or other form of injunction by a court brought by a third party that prohibits a Party from performing its obligations under this Agreement, unforeseeable failure of the OGWS, or other similar events. 2.34 "'Watcrshed Mana,ei�uen " means coordination with the other local, State, and Federal agencies to prevent or minimize threats to source water quality. Activities include watershed patrol, permit management, regulatory compliance, and environmental monitoring. 2.35 ",Water Rights" means the City of Port Townsends right to use water from the Quilcene watershed under water rights record numbers S2*01991C and S2*0199013HC and certificate numbers 322 and 7028, respectively, and as provided for in the Department of Health approved July 2019 Water System Plan. 2.36 "Water Treatment Facili1y" means the City's water filtration plant that treats Raw Water to be delivered to the City's retail customers. 3. RELATIONSHIP BETWEEN THE PARTIES 3.1 This Agreement replaces and supersedes any and all previous agreements or understandings between the Parties, including any and all lease agreements, including the most recent extension ending on December 31, 2021. 3.2 This Agreement defines how the City will supply Raw Water to the Mill. The provisions of this Agreement are not intended to create, nor shall they in any way be interpreted or construed to create, a joint venture, partnership, agency relationship, or any other similar relationship between the Parties. No Party shall have any right to obligate or bind the other Party , outside of the terms of this Agreement, in any manner whatsoever, and nothing contained in this Agreement shall give, or is intended to give, any rights of any kind to any third persons or Parties. 3.3 Nothing in this Agreement shall interfere with the Parties' compliance with laws and regulations, including, but not limited to, environmental laws and permits specific to the OGWS. 3.4 The Mill will only use Raw Water for its own purposes and will not resell water. Water Supply Agreement—Page 6 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 8 of 26 4. ASSETS AND OWNERSHIP 4.1 The City and the Mill enter this Agreement with the separate assets listed in Exhibit B. Upon termination or expiration of this Agreement, each Party will retain ownership of its separate assets listed in Exhibit B and those it procures from resources independent of the OGWS Fund during the Agreement period. 4.2 The City retains ownership of the OGWS. The Parties agree that if there is any part of the OGWS located on Mill property, or if the Mill holds title to any of the rights-of-way or easements necessary to access the OGWS, the Mill, upon reasonable advance notice by the City, will work in good faith to provide the City access to those parts of the OGWS as and when necessary. 5. WATER SUPPLY, USE, AND QUANTITY. 5.1 The City Retail Water System is the priority use of raw water; to that end, the Mill usage is limited. The following flow and volume limits shall apply to the Mill subject to additional limitations based on the City's ability to operate the Water Treatment Facility with adequate water pressures prescribed in this section. The Mill shall not consume water in excess of these limits without prior approval of the City. The water usage limits specified in this section will be evaluated at least once every five (5) years consistent with the Rate Model update. Flow and Volume Limits The Mill will limit its water consuni tion under this Agreement to the following flow and volume limits: • Maximum Day Demand= 13.0 MGD, subject to the City's ability to produce treated water to meet municipal water demand. • Maximum Instantaneous Demand= 14.0 MGD or equivalent to 9,722 gallons per minute, subject to the City's ability to produce treated water to meet municipal water supply demand. • Average Day Demand = not to exceed 11.0 MGD. This Average Day Demand water use average equates to an annual volume consumption limit of 12,322 Acre-ft. Additional Temporary Flow 1:,imils Based on the City's Need to Maintain Miiiimgm System Pressures The City may require the Mill to implement one or more of the following additional flow restrictions to maintain the City's priority water use. Water pressure, as measured at the inlet of the Water Treatment Facility,will be the compliance measure for the following limitations. If there is a discrepancy between flow data and pressure, pressure shall govern under the following use restrictions. The City will endeavor to minimize additional restrictions for the benefit of the Mill through management of the City's Retail Water System. Water Supply Agreement—Page 7 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 9 of 26 • Maximum Day Demand: If water pressure at the inlet of the Water Treatment Facility drops below 75 psi during a period of high water demand in the City Retail Water System, the Mill shall limit flows to 11.0 MGD on a daily basis until the period of high water demand in the Retail Water System has ended. The City will use reasonable best efforts to provide the Mill with at least one (1) week advanced notice of high water demand in the Retail Water System necessitating this measure. • Maximum Instantaneous Demand: During periods of high water demand in the City Retail Water System, typically caused by extended hot weather events, the Mill shall limit Maximum Instantaneous Demand Flows to 11.5 MGD or equivalent to 7,986 gallons per minute. During these periods,the Mill shall not cause the water pressure at the inlet of the Water Treatment Facility to decrease below 55 psi. The City will use reasonable best efforts to provide the Mill with at least one(1)week advanced notice of high water demand in the Retail Water System necessitating this measure. • Emergencies: In the event of Uncontrollable Circumstances affecting the water supply in the City's Retail Water System, the Mill may be required to reduce water usage to a Maximum Instantaneous Demand of 9.5 MGD or equivalent 6,597 gallons per minute. The Mill shall make best reasonable efforts to respond immediately to a request by the City to lower flows during an emergency. If the Mill does not comply with the flow and volume limits in this section, the City may install an automatic flow valve, such as a back pressure sustaining valve, at the Mill Delivery Point to ensure compliance with this section. All costs for such flow restriction device shall be paid by the OGWS Fund. The above limits were developed using data from Mill and City internal meters between June 2019 and May 2020. The Parties may adjust these figures based on more reliable data as measured by the new Delivery Point Meters to be installed per this Agreement. The Parties may also adjust these flow limits as part of OGWS capacity upgrades. OGWS capacity upgrades are not included in the Capital Spending Plan but may be added in the Capital Spending Plan with mutual agreement of the Parties. 5.2 The Parties agree to work cooperatively to reduce the risk and occurrence of drought-based water supply shortages through monitoring and efficient Operations. The Parties agree to assess water supply no less than quarterly based on watershed snowpack, rainfall, river flows, and water use as defined in more detail below. Based on the quarterly assessment, the Parties agree to work in good faith to cooperatively implement mutually beneficial additional use reduction measures. If the Parties cannot agree to implement additional water use reduction measures, the City may unilaterally limit water use for the Mill and City retail water customers to promote pro rata reductions in water consumptions based on projections of water supply. The City will not unilaterally limit water use for the Mill without also implementing water conservation measures for City retail water customers. Conservation for the City will include providing notice to customers to conserve water. Water use reduction measures shall be evaluated based on, but not limited to, the following steps: Water Supply Agreement—Page 8 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 10 of 26 1. No later than May 31" of each year the Parties will mutually agree whether or not to proactively implement water use reduction measures based on snowpack and USGS Big Quilcene flow data. Snow pack as measured by Mount Craig SNOTEL and USGS Big Quilcene flow data measured from January 1 to May 31 annually is an indicator of when Lords Lake drawdown will start as determined by the above and on-the-ground field observation and other available watershed data. 2. Prior to starting Lords Lake drawdown, which is required to meet In-Stream Flows, the Parties will mutually agree whether to implement additional water use restriction measures due to predicted water shortages. In such an instance, both Parties will implement mutually beneficial measures to minimize the impact of water supply shortages. Based on recent trends as of the date of this Agreement, beginning to draw off of Lords Lake prior to August 15th is an indicator of potential water supply shortage in October and November. 3. If the Lords Lake reservoir supply is depleted to a point where the outlet tower is no longer able to supply demand and the Mill wishes to continue to utilize the remaining water in the reservoir,the Mill shall be responsible for all costs associated with utilizing that water,which costs may include the installation and operation of pumps to lift water up to the outlet tower. 4. The Mill will cease production and limit water use to that essential for health and safety when Lords Lake is empty. In this case,the City Lake reservoir shall serve as reserve solely for municipal purposes until diversions from the watershed can resume. The standard for City Lake reserve capacity is City Lake shall be at least 50% full (22'-6" or at 70 MG) on November 30th. City Lake shall not be drawn down more than the projected need by the City to achieve this standard. 5.3 If decreased water-usage by the Mill results in sustained excess capacity,the City may offer other customers Raw Watenand reallocate costs based on usage. Any increased costs, including Capital Costs and/or costs related to Maintenance_or Operations, associated with the addition of a customer or customers will be the responsibility of the prospective customer or customers and the City. The Mill will not be responsible for those costs. 5.4 The City will provide Raw Water to the Delivery Point Meter subject to shutdowns required to perform Operations,Maintenance, System Repairs and projects in the Capital Spending Plan. To the extent feasible, the Parties agree to make repairs and improvements to the system that require shutting off the water to the Mill and City during the Mill Shutdown and during low water use periods of the year. Shutdown of the OGWS shall be minimized through coordination and planned and scheduled outages. If the OGWS is out of service or water supply is interrupted for any reason other than during the planned Mill Shutdown or low water use periods, including because of Uncontrollable Circumstances, the Mill will not be charged a higher rate for resulting lower water consumption. The City shall not be liable to the Mill or to third parties for damages, breach of this Agreement, or any other claim based on the interruption of water service or curtailment of water supply due to Uncontrollable Circumstances. 6. UNCONTROLLABLE CIRCUMSTANCES Water Supply Agreement—Page 9 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 11 of 26 6.1 Uncontrollable Circumstances. (a) Relief. The Parties to this Agreement shall be excused from performing any obligation under this Agreement to the extent such failure by a Party to perform directly results from an Uncontrollable Circumstance. The Parties agree that the relief for an Uncontrollable Circumstance described in this Section 6,1,shall apply to all affected obligations in this Agreement,except to the extent specifically provided otherwise,notwithstanding that such relief is specifically mentioned with respect to certain obligations in this Agreement but not other obligations. The occurrence of an Uncontrollable Circumstance shall not excuse or delay the performance of a Party's obligation to pay monies previously accrued and owing under this Agreement, or to perform any obligation hereunder not affected by the occurrence of the Uncontrollable Circumstance.Notice and Mitigation. A Party that asserts the occurrence of an Uncontrollable Circumstance shall notify the other Party by telephone or email, on or promptly after the date the Party experiencing such Uncontrollable Circumstance first knew of the occurrence thereof, followed within five (5) days by a written description of: (1) the Uncontrollable Circumstance and the cause thereof(to the extent known); and (2) the date the Uncontrollable Circumstance began, its estimated duration, the estimated time during which the performance of such Party's obligations hereunder shall be delayed, or otherwise affected. As soon as practicable after the occurrence of an Uncontrollable Circumstance, the affected Party shall also provide the other Party with a description of the steps being taken to mitigate and correct the effects of such Uncontrollable Circumstance. The affected Party shall provide prompt written notice of the cessation of such Uncontrollable Circumstance. Whenever an Uncontrollable Circumstance shall occur,the Party claiming to be adversely affected thereby shall, as promptly as practicable, use all reasonable efforts to eliminate the cause therefor, reduce costs and resume performance under this Agreement. While the.. Uncontrollable Circumstance continues, the affected Party shall give notice to the other Parties, before the first day of each succeeding month, updating the information previously submitted. The Party claiming to be adversely affected by an Uncontrollable Circumstance shall bear the burden of proof, and shall furnish promptly any additional documents or other information relating to the Uncontrollable Circumstance reasonably requested by the other Party. 7. WATER DELIVERY POINTS. The City will meter water usage at the Delivery Point Meters. The City will install the Delivery Point Meters during the 2022 Mill Shutdown. If the Delivery Point Meters are not installed by April 1,2022,the Parties agree to pay for Raw Water based on Average Day Demand for each day that the Mill and City are using water before the Delivery Point Meters are installed. Absent more reliable data to be provided by the Delivery Point Meters, Average Day Demand shall be determined based on the flow analysis as provided in the Operations White Paper as attached in Exhibit A. As soon as the contractors performing the work for the 2022 Mill Shutdown notify the Mill, but no later than two (2) months in advance of the shutdown, the Mill will notify the City of the dates for the 2022 Mill Shutdown. Raw Water will be unavailable for no more than a period of five (5) days for the City to complete installation of the Delivery Point Meters subject to Uncontrollable Circumstances. The installation of the Delivery Point Meters will be paid for by the OGWS Fund. Water Supply Agreement—Page 10 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 12 of 26 8. QUALITY OF WATER. 8.1 Standards. Both Parties will use reasonable best efforts to prevent the contamination of Raw Water for their respective end use purposes. 8.2. [Jability for Failure to-Meet law Water Quality Standards. The Mill agrees to defend, indemnify,and hold harmless the City for damages caused by the City's failure to meet Raw Water quality standards that are a direct result of the Mill's negligence. The City agrees to defend, indemnify,and hold harmless the Mill for damages caused by the Mill's failure to meet Raw Water quality standards that are a direct result of the City's negligence. 9. FINANCIAL MANAGEMENT, RATES, AND CHARGES. 9.1 Financial Mana wincnt. The City will track all OGWS revenues and expenses separately from the other City utilities in the management of the OGWS Fund. The City will keep OGWS financial records separate in the OGWS Fund applying a cash basis based on a calendar year. All OGWS budgets and expenditures will be approved by the City Council consistent with this Agreement and City financial policies. For financing purposes,the City's water system(including the City's assets comprising the OGWS) and sewer system are currently combined and revenues from both systems secure the City's water and sewer debt. A table of current debt is included as Exhibit E. The City,however, is not prohibited from and may in the future separate its Raw Water utility assets, finances, and revenues from the remainder of the City's water system and sewer system for debt and other financing purposes. 9.2 Cost of Raw Wa e , The City will determine the cost of Raw Water (on a per thousand- gallon basis) using the Rate Model. The rates in the Rate Model are calculated based on cost of service analysis over a twenty (20)-year period. Cost of service includes a forward projection of operations, maintenance, and capital costs. The cost of service model sets a target OGWS Fund balance necessary to fund Capital Costs according to the Capital Spending Plan and the minimum reserve;balance. The Rate Model then applies a projection of water use by the Parties to establish annual volume of water use. An annual rate is calculated by taking the projected operations and maintenance costs plus the annual capital contribution divided by the projected water use. Exhibit C includes the initial Rate Model for the OGWS and establishes the Raw Water rates for the first five (5)years. 9.3 Q dates to Cost of`Raw Water. The City will update the Rate Model once every five (5) years to establish rates for the following five (5)-year period. Updates to the Rate Model shall take into account the OGWS Fund balance and actual revenues and expenses for the proceeding five (5)-year period. This data will inform the establishment of a projection for Operations and Maintenance costs and the level of capital sinking fund contribution to ensure the ability to pay for capital according to the updated Capital Spending Plan. The Rate Model will be updated such that any adjustment in rates will be effective January 1St of the applicable calendar year. 9.4 U dates to Capital Spending Plan, The City will update the Capital Spending Plan at the same time as the update to the Rate Model. Water Supply Agreement—Page 11 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 13 of 26 9.5 Payment of Capital Costs. The Rate Model in Exhibit C does not contemplate that the City will issue any OGWS debt in the next twenty (20) years and that any Capital Costs will be paid from Revenues received by the OGWS fund. The Parties acknowledge that the City will not undertake any Capital Costs unless the City has available cash in the OGWS Fund or expects that it will have sufficient available cash in the OGWS Fund to pay such Capital Costs. The City will not issue debt (including issuing bonds and obtaining loans) to finance any Capital Costs unless the Parties consent to the issuance of that debt, and the Mill has provided the City with security (such as a corporate guaranty, letter of credit or cash) that the City determines is necessary to secure the debt. If the Parties agree that debt should be issued to finance any work on the OGWS, Capital Costs shall include all Debt Service Costs. If it is in the Parties' mutual interest,the Parties agree to amend this Agreement and the Operation Agreement to permit the City to issue debt that is exempt from federal income taxation. In lieu of debt, the City will fund Capital Costs using the capital sinking fund approach to build OGWS reserves to an amount sufficient to fund the Capital Costs identified in the Capital Spending Plan. The OGWS Fund shall maintain a minimum balance of$2,000,000 to provide for Emergency Repairs. 9.6 Operation and Maintenance Costs in the Cate. Model Exhibit Q. Operation and Maintenance costs in the Rate Model attached as Exhibit C includes all of the following: a. Mill Operating Costs. b. City Operating Costs. c. The City Management Fee which is in lieu of City Utility Tax in the amount of$150,000 in 2022 and 204,000 in 2023 and escalated annually by the CPI thereafter. d. Any applicable taxes and fees excluding taxes levied by the City such as the City Utility Tax established in Chapter 5.84 PTMC which, pursuant to this Agreement and Chapter 13.18 PTMC, will not be levied on the Mill. 9.7 Citygdg,etin . The City with input from the Mill will develop an annual budget for Operations, Maintenance, System Repair and Capital Costs by September Is' of each year for the following calendar year to be included in the City's budget approval process. The first budget under this Agreement for the period April 1, 2022 through December 31, 2022 will be adopted by the City prior to April 1, 2022 through a 2022 supplemental budget appropriation. The Rate Model will serve as the basis for budgeting and the Parties will work cooperatively in the development of the annual budgets. The Parties will also work cooperatively to justify increases in the annual budget for Operations, Maintenance, System Repair and Capital Costs above the level projected in the Rate Model. Capital Costs for the following calendar year according to the Capital Spending Plan will also be included in the City's capital budgeting process. The Parties will work cooperatively to justify changes to the capital budget as compared to the Rate Model and Capital Spending Plan. Actual expenditures will be considered in the update of the Rate Model every five (5) years. The following schedule outlines the approximate budgeting process timeline based on state law. • July to August — City and Mill work together to start developing a budget for the next calendar year and projections for the end of the current calendar year. • Sept. 1 - Preliminary budget for operations and maintenance submitted. Water Supply Agreement—Page 12 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 14 of 26 • Sept. 1 - Preliminary budget for capital submitted. • October 15th - Final budget established for City Council review for the next calendar year and the projection for the end of the current calendar year. • November—December—Final budget adopted. 10. BILLING AND PAYMENT. 10.1 Monthly Billing by the Cita. The City will bill the Mill monthly for water consumed as recorded by the Delivery Point Meter. The bill will identify the volume of Raw Water delivered during the month since the last meter read at the rate in the current Rate Model. Payment by the Mill is due within thirty (30) days of the receipt of the bill. 10.2 Char ges for Mill Operating Costs. The Mill and the City will endeavor to submit invoices monthly and no less than quarterly to the City Finance Department for services rendered to the OGWS. All invoices will include the services rendered with an itemized list of labor, materials, and equipment purchased. Reimbursement for expenses will be made by the City within forty- five (45) days of receipt of the invoice, subject to any necessary corrections to the amount billed. The Mill will request City pre-approval of expenditures outside of the adopted annual budget outlined in Section 9.7. 10.3 late Payment menu by the Mill. If a Mill bill remains unpaid after forty-five (45) days,the City will assess interest on the delinquent amount at the rate of twelve percent (12%) per annum. If a bill remains unpaid after ninety (90) days,the City may use other remedies legally available to it. Nothing in this Agreement relieves the Mill of its obligations to pay for water consumed and metered following a notice of termination of this Agreement. 10.4 Late Payment by the City. If a City bill remains unpaid after forty-five (45)days,the Mill will assess interest on the delinquent amount at the rate of twelve percent (12%) per annum. If a bill remains unpaid after ninety (90) days, the Mill may use other remedies legally available to it. 11. METERING. 11.1 Meters and 'restin . The volume of water delivered to the Mill will be measured by the Delivery Point Meters. The Delivery Point Meters will be electromagnetic flow meters and will be owned and read monthly by the City. The City will ensure that the meters are calibrated in the factory before they are installed and will perform inspections on at least an annual basis to ensure they are performing pursuant to the manufacturer's specifications. The City will provide the Mill advance written notice at least five (5) days before any meter inspection and/or verification of functionality, including the date, time, and location of, and the right to be present for, any such inspection and/or verification of functionality. The OGWS Fund will pay the cost of conducting routine inspections and verifications of functionality as part of Operations. Either Party may request the meters be inspected or recalibrated at times outside of regularly scheduled inspections and/or verifications of functionality at that Party's sole expense. In the event of any such request, either Party may elect to have a representative witness the meter inspection and/or verifications of functionality. If an inaccuracy of more than 1.0 percent is discovered during a verification of Water Supply Agreement—Page 13 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 15 of 26 functionality, all billings for water for both parties from the date of the preceding verification of functionality will be adjusted. The adjustment will be for the full amount in excess of 1.0 percent. 11.2 Temporary Lapses in Water Meter Data. If metered water use is incomplete or inaccurate for a monthly billing period,the City may bill the Parties for such period based on estimated water use. The City may estimate use based the on the Average Day Demand multiplied by the days in operation. The Mill will provide water use records in support of creating such an estimate. The City will provide the Mill documentation of the method used to estimate Mill water use for such period. The Parties will agree on the methodology used. 12. TERM, MILL SHUTDOWN,AND TERMINATION. 12.1 Term. This Agreement will take effect on January 1, 2022 and remain in full force and effect until December 31, 2041, unless terminated earlier by either Party pursuant to this Section. The Parties may mutually agree to extend this Agreement for an additional period of twenty (20) years. 12.2 Mill shut down and/or curtailment of water use. If the Mill permanently shuts down or experiences an Operations Curtailment, the City may terminate this Agreement at its sole discretion. In the case of an Operations Curtailment, the City will continue to make available to the Mill Raw Water at the rate established at the time of the occurrence of the Operations Curtailment for a period of three (3)years or until a revised contract can be negotiated, whichever occurs first. If the Mill shuts down without notice as required by Section 12.3, a termination fee of$3,000,000 will apply. 12.3 Notice of Termination. Either Party has the right to terminate this Agreement by giving at least one (1)year written notice to the other Party. Termination fees are as follows: 12.3.1 In the case of the Mill giving notice of termination, to account for the City's need to address Operations and Maintenance of the OGWS, the following termination fees will apply: (a) One (1)-year advance notice. In lieu of a termination fee the Mill will continue to provide Operations as outlined in the Operations Agreement for the twelve (12) month termination period beginning upon issuance of the notice of termination. (b) Less than one(1)year but more than six(6)months advance notice. The Mill will continue to provide Operations as outlined in the Operations Agreement for six (6) months following the date of notice of termination and a$500,000 termination fee will apply. (c) Less than six (6) months. A termination fee of$1,000,000 will apply, (d) In the event of a termination under Sections 12.3.1(a)-(c), if the City is under contract for Capital Costs in excess of$3,000,000,then an additional termination fee of$1,000,000 will apply. Water Supply Agreement—Page 14 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 16 of 26 12.3.2 In the case of the City giving notice of termination, to account for the Mill's need to address its ongoing water supply,the following termination fees will apply: (a) One (1)-year advance notice. No termination fee will apply (b) Less than one (1) year but more than six (6) months advance notice. The Mill will only provide Operations as outlined in the Operations Agreement for six(6) months following the date of notice of termination and a$500,000 termination fee will apply. (c) Less than six (6) months. Termination fee of$1,000,000 will apply. 13. GENERAL 13.1 Amendments. Amendments to this Agreement shall be made in writing, agreed to and signed by both Parties. 13.2 Conflicts. To the extent there is any inconsistency between the provisions of (1) this Agreement and (2) any exhibit incorporated as part of this Agreement, the provisions of this Agreement will control. 13.3 Records lies ecti�on. The Parties will maintain and make available for inspection at reasonable tunes all records pertaining to the OGWS. These records shall be maintained for five (5)-years. 13.4 Notices. All notices and billing required hereunder shall be sent to the following addresses: City City Manager Port Townsend City Hall 250 Madison Street City of Port Townsend, WA 98368 Mill Chief Financial Officer 100 Mill Road Port Townsend, WA 98368 The person and address to which the notices are to be given may be changed at any time by either Party upon written notice to the other Party. All notices given pursuant to this Agreement will be deemed given upon receipt by certified mail. The Mill shall appoint a local point of contact for the City to work with on a day to day basis. 13.6 Applicable Law a.ild Venue. This Agreement and all disputes arising thereunder shall be governed by Washington State Law. The venue for all court actions shall be Superior Court of Jefferson County Washington. Water Supply Agreement—Page 15 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 17 of 26 13.7 Assignment; Survival. Except as otherwise provided herein, neither Party may assign its rights or obligations under this Agreement without the express written consent of the other Party, which will not be unreasonably withheld. This Agreement shall be binding upon, and inure to the benefit of, the successors and permitted assigns of the Parties. 13.8Dis]jute lie,olution. The Parties shall seek to resolve amicably any disputes arising under this Agreement. If a dispute cannot be resolved by the Parties, any Party may invoke a formal conflict resolution process under this Section 13.8. 13.8.1 The first step in the process will be a meeting including the City Manager and Public Works Director and the Mill representatives. 13.8.2 If the Parties cannot resolve the dispute at the first step within thirty(30)days of the meeting in Section 13.8.1, or after making a reasonable effort to convene such a meeting, the second step in the process shall be mediation before a single mediator selected by mutual agreement of the Parties. If the Parties cannot agree on a mediator, either Party may apply to the presiding judge of the Jefferson County Superior Court for appointment of a mediator. 13.8.3 If the Parties cannot resolve the dispute at the second step within ninety (90) days of the appointment of the mediator, any Party may commence an action in court under this Agreement. 13.8.4 Any dispute that cannot be resolved by the Parties shall be resolved in the Jefferson County Superior Court with each Party preserving its right to trial by jury. 13.9 Non-Waiver. A waiver by either Party of the other Party's breach of any provision of this Agreement will not be construed as a waiver of any subsequent breach of that provision or as waiver of any other provision in this Agreement. No payment or acceptance of compensation for any period subsequent to any breach shall be deemed a waiver of any right or acceptance of the breach. When the condition to be waived is a material part of the Agreement such that its waiver would affect the essential bargains of the Parties, the waiver must be supported by consideration and take the form of an Agreement modification. 13.10 leo"l"hard-Part r Beneliciar . The rights and obligations created by this Agreement are for the sole benefit of the Parties, their successors or assigns, and no person not a Party shall be a beneficiary, intended or otherwise, of any such rights or be entitled to enforce any of the obligations created by this Agreement. 13.11 Construction. This Agreement has been freely and fairly negotiated by the Parties hereto and has been reviewed and discussed by legal counsel for each of the Parties, each of whom has had the full opportunity to modify this Agreement and,therefore,the terms of this Agreement shall be construed and interpreted without any presumption or other rule requiring constructional interpretation against the Party causing the drafting of the Agreement. 13.12 Capj)ns. The captions and paragraph headings contained in this Agreement are for convenience and reference purposes only and in no way define, describe, extend or limit the scope or intent of this Agreement, nor the intent of any provision hereof. Water Supply Agreement—Page 16 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 18 of 26 13.13 Prior Agreenient Superseded: Complete Agreenient. This Agreement replaces and supersedes any and all previous agreements or understandings between the Parties, including any and all lease agreement extensions, including the most recent extension ending on December 31, 2021. This Agreement contains the complete statement of the Parties' understanding with respect to the subject matter of this Agreement. There are no other representations, agreements, or understandings, oral or written, by the Parties relating to the subject matter of this Agreement that are not fully expressed in this Agreement. Each Party acknowledges and represents to the other Party that it is executing this Agreement solely in reliance upon its own judgment and knowledge and that it is not executing this Agreement based upon the representation or covenant of the other Party, or anyone acting on such Party's behalf, except as expressly stated herein. Any modifications or amendments to this Agreement shall be approved in writing by both Parties. 13.14 Execution in Counterarts;. This Agreement may be'executed in two or more counterparts, all of which, when taken together, shall constitute one and the same Agreement. Executed counterparts transmitted by facsimile or electronic means shall be binding on the Parties. 13.15 Certain Representations And Warranties Of The Parties. Each Party represents and warrants to the other that the execution, delivery, and performance of this Agreement have been duly approved by all required government or corporate action, and that the person or persons signing on behalf of such Party have full authority to do so. 13.16 Public Record's. All records provided to and communications with the City shall be subject to the Public Records Act, Chapter 42.56 RCW, including exemptions under that Act. 1.3.17 l finits on Liabalit The Mill agrees to defend, indemnify, and hold harmless the City from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the Mill's performance of this Agreement. The City agrees to defend, indemnify, and hold harmless the Mill for damages from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the City's performance of this Agreement. If joint, concurring, comparative or contributory fault or negligence of the Parties gives rise to the claims, injuries, damages, losses or suits for which the Parties are entitled to indemnification under this section, then any damages or losses shall be allocated between the Parties in proportion to their respective degrees of fault or negligence contributing for such damages or losses.- IN WITNESS WHEREOF, the Parties hereto have each executed this Agreement as of the day and year below written. CITY OF PORT TOWNSEND PORT TOWNSEND PAPER CORPORATION By: By: Title: Title: Date: Date: Water Supply Agreement—Page 17 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 19 of 26 Approved as to Form: ... —........... .... . .._..................................... ........w City Attorney Attest: City Clerk Water Supply Agreement—Page 18 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 20 of 26 EXHIBIT A—OGWS Final Report—White Papers Water Supply Agreement—Page 19 of 26 Draft 12-03-21 Resolution 21-081 Exhibit Page 21 of 26 Exhibit B —OGWS Assets The City's OGWS assets include the following: • Municipal water rights Certificates 322 and 7028 • Real property owned in fee simple (Parcels #_list all city parcels, ) • US Forest Service Permits • Diversion structures at the Big Quilcene River, including the residence, shop, and leased real property located on US Forest Service-owned property. • Diversion structure at the Little Quilcene River • Lords Lake Reservoir including real property. • City Lake Reservoir including residence, shop, and real property. • Approximately 29 Miles of Pipeline between the diversions and reservoirs and between the reservoirs and the Delivery Meter Point. • Approximately 29 miles of pipeline easement between the diversions and reservoirs. The Mill's OGWS assets include the following: • Real Property owned fee simple (Parcels# list all Mill parcels, • Tools purchased by the Mill • Three utility pickup vehicles • Personal property located at both residences, including employee's personal property • Utility tractor and trailer • Spare parts the Mill has purchased and has on hand as provided in the assets section of Exhibit A. Water Supply Agreement—Page 20 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 22 of 26 EXHIBIT C -Rate Model and Capital Spending Plan Rate Calculation 2022 2023 2024 2025 2026 Allocation Basis Share of Tatal Volume Operation&Maintenance Costs Mill Operating Costs 341,775 464,814 $ 474,110 $ 483,592 $ 493,264 Mill Emergency Repair 45,000 61,200 62,424 63,672 64,946 City Operating Costs 76,500 104,040 106,121 108,243 110,408 City Management Fee(in lieu of Utility Tax) 150,000 204,000 208,080 212,242 216,486 Total $ 613,275 $ 834,054 $ 850,735 $ 867,750 $ 885,105 Annual Sinking Fund Contribution 2,689,045 3,807,178 3,939,016 4,075,273 4,216,095 Debt Service Less:Use of Debt Reserve for Final Payments Additional Coverage Required State Excise Taxes 174,868 245,767 253,632 261,748 270,124 ... _.•...m.•... -._. .................. Total Allocable Cost $ 3,477,188 $ 4,886,999 $ 5,043,383 $ 5,204,771 $ 5,371,324 Annual Cost Allocated to Mill $ 3,179,295 $ 4,468,327 $ 4,611,313 $ 4,758,875 $ 4,911,159 Annual Mill Demand 2,962 MG 3,950 MG 3,950 MG 3,950 MG 3,950 MG Mill Rate per Thousand Gallons(kgal) $1.07 $1.13 $1.17 $1.20 $1.24 Annual Cost Allocated to City $ 297,893 $ 418,672 $ 432,069 $ 445,896 $ 460,164 Annual City Demand 278 MG 370 MG 370 MG 370 MG 370 MG City Rate per Thousand Gallons(kgal) $1.07 $1.13 $1.17 $1.20 $1.24 Rate Calculation 2027 2028 2029 2030 2031 Allocation Basis Share cf Total Volume Operation&Maintenance Costs Mill Operating Costs $ 503,130 $ 513,192 $ 523,456 $ 533,925 $ 544,604 Mill Emergency Repair 66,245 67,570 68,921 70,300 71,706 City Operating Costs 112,616 114,869 117,166 119,509 121,899 City Management Fee(in lieu of Utility Tax) 220,816 225,232 229,737 234,332 239.019 Total $ 902,807 $ � 920,863 $ 939,280 $ 958,066 ...,. � $ 977,227 Annual Sinking Fund Contribution 4,198,393 4,180,337 4,161,919 4,143,134 4,123,972 Debt Service Less:Use of Debt Reserve for Final Payments Additional Coverage Required State Excise Taxes 270,124 270,124 270,124 270,124 270,124 Total Allocable Cost $ 5,371,324 $ 5,371,324 $ S,371,324 $ 5,371,324 $ 5,371,324 Annual Cost Allocated to Mill $ 4,911,159 $ 4,911,159 $ 4,911,159 $ 4,911,159 $ 4,911,159 Annual Mill Demand 3,950 MG 3,950 MG 3,950 MG 3,950 MG 3,950 MG Mill Rate per Thousand Gallons(kgal) $1.24 $1.24 $1.24 $1.24 $1.24 Annual Cost Allocated to City $ 460,164 $ 460,164 $ 460,164 $ 460,164 $ 460,164 Annual City Demand 370 MG 370 MG 370 MG 370 MG 370 MG City Rate per Thousand Gallons(kgal) $1.24 $1,24 $1.24 $1.24 $1.24 Water Supply Agreement-Page 21 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 23 of 26 N ¢/F I Nyy'4 I c"p Nexp W ddq�q N O O yp N ON N ® 1/r Mdb O O O O M1 O N a 4 Ory N O O f O N O N � 44 LF N N e a 4 Pf N ry' V6 Nh? N ry ®O O O 4 � 4`Y a c a V pp �j �.Ci O Hi. d G1h C v W � � C C � � V d m E T } > E Y C a W - C N d' E a a a CL O ate+ m >q m �n a vsz ® > CL f0 a c°c lJ it .-. m o v a v an s a 4 E _ o t� ¢ 6 u .-. .4 c E w E E o U K U E v m > >8 3t4 ® H c n ._ 0 0 v � E L v .e cat � n v � v � a > m'�� a33V u '� � Water Supply Agreement—Page 22 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 24 of'26 p ....:owe^.. N ® O N p} O !I% ypj f V1 #1 V p p C3 N 4A3 N N Nh O � N 0 roP N,, m W N w 1O pw H` H ryn .a rW N N f rl gyp^]} ry�Oj „M '4y 1 I'N N n ry O O C N 18� qq� N W 1°A n ~ AM1 M d la N YX r N (py l O m rn i Gov.. m G m ori m m i LL NI a oc 0 N E s — •va a m E.er °° P CL v v u :e O a0+ E m ? �.. ° a u :B a w U O u ._. o c .E ® ,.. cm c E as c v E m e E E o !'' f6 f0 v 't u'. v..v x o vEi u y °a c m `v ® Z m ro c m v U OL U E •� v d a� i y & d E dE ° '� '"9 '3 '3 q cwmm.=.c ; cv metro 'DO e ° n m m 22 9 U u F- w 3 Water Supply Agreement—Page 23 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 25 of 26 EXHIBIT D—Operations Agreement Under negotiation Water Supply Agreement—Page 24 of 26 Draft 12-03-21 Resolution 21-081 Exhibit A Page 26 of 26 EXHIBIT E—CITY DEBT DISCLOSURE Summary of City Water-Sewer Utility Debt as of 1/1/2022 Debt Date of Debt issuance Remaining Maturity Description Purpose Source Issuance Principle I principle Date ..................................... ................ ................................... 2002 PWTF Loan(PW-02-691-044) Morgan Hill Booster Station 1,PWTF 2002 $ 1,242,733 59,595 2022�; 2002 SRF Loan(1-0200012) ':Sewer System Improvements CW5RF 2002 148,011 2024 2012 UV Treatment PWTF Loan(PC12-951-075) Water Filter Plant PWTF- 7.012 $ 1,896,0130 5 1,119:214 2.031 2013 UV Disinfection PWTF Loan(PC13-961-018) Water Filter Plant PWTI� 2013 5 5,000,000 5 2,711104 2032'1 1 2012 UV DWSRF Loan(DM12-952-092) Water Filter Plant DWSRF 2012 $ 3,041,910 $ 2,303,641 2036'1 2013 5 MG Reservoir PWTF Loan(P4 13-961-031) 5 MG Reservoir Construction PWTF 2013 S 2,104,000 825,682 20321 2012 City Lake Repair(PC12-951-060) City Lake Repair PWTF 2012 5 1,000,0100 S 1 526,316 2031 2015 5 MG Reservoir DWSRF(DM15-952-034) DWSRF 201$ $ 4596,320 $ 2„829,BN 2037 Revwwe Utility Loan WTPlant&other profects Bonds 2 0i10, $ 1,834,800 2040 2017 Wastewater Outfall Loan(WQC-2017-portoc-00182) Sewer System outfall CWSRF 2017 5 204,(,190 2021 Wastewater OuVall Loan,(WOC 2021-poutoc-00169) Sewer System outfall CW R021 3,180,10 S 3.130,000 2054 .................................... ........ Total 24,179,943 $ 15,538,187 OGWS Debt:The following debt from above Is associated with the OGWS 2012 City Lake Repair(PC12-951-060) Debt Service Approx 2002 PTWF Loan Big Quicen Diversion Rehab. Debt Service Approx=$40,000 Notes'� DWSRF=State Drinking Water State Revolving Fund CWSRF=State Clean Water Revolving Fund PWTF=State Public Works Trust Fund Revenue Bonds=Kitsap Bank Loan Water Supply Agreement—Page 25 of 26 Draft 12-03-21