For City Council and Rialto Utility Authority Meeting [July 13, 2021]
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Thomas J. Crowley, P.E., Utilities Manager
Title
Request City Council/Rialto Utility Authority Board Authorize Submission of Letters of Intent Applications for the Water Infrastructure Finance Innovation Act Program for the Following Projects: Lake Rialto, Rialto Microgrid, Advanced Metering Infrastructure (AMI) and Security for Utility Sites.
Body
BACKGROUND
The Water Infrastructure Finance and Innovation Act of 2014 (WIFIA) established the WIFIA program, a federal credit program administered by EPA for eligible water and wastewater infrastructure projects. The WIFIA program accelerates investment in our nation's water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects.
The WIFIA program provides deeply flexible, lowest-cost loans at a locked-in rate that reward innovation and reduce capital expenditures. WIFIA does so by funding 49% of a water or wastewater infrastructure project.
ANALYSIS/DISCUSSION
Rialto Water Services (RWS) is requesting to submit WIFIA Letters of Intent (LOI) applications for the 2021 cycle on behalf of the Rialto. LOIs for the 2021 cycle are due no later than July 23, 2021.
If approved, RWS proposes to submit the following projects for consideration:
* Lake Rialto - This is a proposed project located just south of the City's existing Wastewater Treatment Plant (WWTP). At this location, a large depression exists that can be converted into a lake by using the City's WWTP effluent to create a wetlands environment. The wetlands environment will help maintain temperature and flow control to the Rialto Channel for the protection for the endangered species existing in the area. The proposed project will also create recreational and educational opportunities in a predominantly industrial section of the City....
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