DUBLIN SAN RAMON SERVICES DISTRICT MOU

Res. No. 7-17 WHEREAS, that period of potential billing represents 71.7% of all the RDE development between 1987 and buildout; and WHEREAS, it would be inequitable to collect the entire $1,240,150 from the remaining 15,050 Residential Dwelling Unit Equivalents; and WHEREAS, the Regional Wastewater Expansion fund should be made whole for the loss of the revenue required to complete all Expansion projects and make debt payments related to previous expansion projects; and WHEREAS, all Regional Wastewater Enterprise customers have benefited from the projects of the Regional Sewer Expansion fund; and WHEREAS, an amount representing the Regional Wastewater Expansion fund's lost revenue should be allocated from the Regional Wastewater Enterprise fund; and WHEREAS, the amount representing the lost potential revenue is calculated as $889,188 (71.7% of$1,240,150); and WHEREAS, the $889,188 is not the liability of any one year or defined years and that the amount is more appropriately amortized over a set period to minimize cash flow impact on ratepayer funds of the Regional Sewer Enterprise fund while providing an annual revenue stream to the Regional Sewer Expansion fund; and WHEREAS, it is anticipated that buildout can vary due to many factors, and will occur over approximately ten years; and WHEREAS, there other Regional Wastewater Fee Credits that may legally exist in Dublin and/or Pleasanton, and the DSRSD Board wishes to establish an equitable mechanism for addressing the existence of these credits and allocating the cost of the credits. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF DUBLIN SAN RAMON SERVICES DISTRICT, a public agency in the counties of Alameda and Contra Costa, California, as follows: 2