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TWDB Funding Strategies for Water Forward Projects Water Forward Task Force Meeting | January 12, 2021 Presentation Overview Austin Water Strategy Loan Types and Factors Funding for Water Forward Projects Summary Austin Water Strategy Austin Water staff monitors potential alternative funding mechanisms and options Identification of TWDB loan opportunities and ongoing reporting • AW Internal TWDB Committee • Evaluate CIP Projects in approved 5-Year CIP Plan and CIP Projects in 10-Year CIP Plan TWDB SWIFT TWDB Drinking Loan Water SRF Uses: Projects that are recommended water management strategies in the most recent approved State Water Plan associated with a capital cost. Planning, acquisition, design and construction of water related infrastructure, including water supply and Source Water protection. Availability: Twice a year Year round Terms: 20 to 30 yrs 20 to 30 yrs Restrictions: Project must be included in the State Water Plan (Region K) Must comply with federal requirements Other: AW to apply by Feb 1st and close loan in Nov. AW to apply anytime during the year and close loan in Nov. Loan Types and Factors TWDB Loan Considerations Environmental Review Debt Service Payments immediate after loan closing Loan Reporting such as Annual HUB reporting Texas Region K Plan for SWIFT Water Forward Projects AMI (Advanced Metering Infrastructure) - $80,195,000 TWDB Loan. Austin’s Smart Water Meter System will replace more than 230,000 analog water meters with electronically read meters connected to a wireless network over the next five years. Visit myatxwater.org for more information. • Multi-Year Funding Submittal due to TWDB by Feb. 1, 2021 Aquifer Storage and Recovery • Pilot project underway with Phase 1 Engineering Services • Full Scale project anticipated to submit TWDB application by Feb 1, 2027 Timeline for TWDB Loan Applications 18 to 24 month process ASR in State Water Plan SWIFT Abridged Application due to, February 1stt TWDB Considers Application Loan Approval TWDB/ Attorney General and Legal Review DWSRF Project Info. Forms due to TWDB (anytime) TWDB Prioritization Review & Invitation to Submit Full Application with City Council Approval Prepare Loan Closing Documents/City Council Financing Agreement or Bond Ordinance Execute 1st Loan Closing on Multi-year Loan TWDB Loan Progress by Projects as of November 30, 2020 ) $ ( s r a l l o D f o s n o i l l i M 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 .0 $80.2 $26.2 6935.057 Swift AMI $43.2 $27.1 $24.6 $26.9 $23.5 $24.6 $17. $28. $11.7 $10.6 $3.8 $0. $3.2 $4.9 $8. $3.1 3023.025 3333.015 5267.035 2127.012 5335.016 3023.022 3333.032 3023.035 Swift Reuse 2019 DWSRF 2019 CWSRF * ** *** Subproject Release Commitment ITD Exp Swift AMI 6935.057 26.2 80.2 3.8 3023.025 24.6 27.1 24.1 Swift Reuse 3333.015 23.5 26.9 25.1 10.6 11.7 10.3 Commitment Release ITD Exp 2019 DWSRF 3.8 43.2 4.6 24.6 .0 .0 2019 CWSRF 3.2 17.0 .5 4.9 28.0 .5 3.1 8.0 1.0 Total $100.0 $266.6 $70.0 5267.035 2127.012 5335.016 3023.022 3333.032 3023.035 * Release is cumulative loan closing amount for each project. ** Commitment is total TWBD approved project amount. *** Costs funded by TWDB which is generally the construction phase. Summary AW currently has an internal TWDB loan committee and monitors other potential funding sources. Current plan is to pursue a TWDB loan to fund the full- scale ASR project. AW will continue to work with our Financial Advisors on financing strategies that will provide the most savings for the utility and our rate payers. Questions and Discussion