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City of Pleasanton
<br />Sewer Rate Study Report
<br />
<br />Water Resources Economics
<br />29
<br />Table 2-9: Proposed Debt Proceeds and Debt Service
<br />Line Proposed Debt FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
<br />1 Proposed Debt Terms
<br />2 Interest Rate N/A N/A 6.0% 6.0% 6.0%
<br />3 Term (years) N/A N/A 30 30 30
<br />4 Issuance Costs N/A N/A 2.0% 2.0% 2.0%
<br />5
<br />6 Debt Proceeds for CIP $0 $0 $6,000,000 $16,000,000 $6,000,000
<br />7 Debt Issuance $0 $0 $6,122,449 $16,326,531 $6,122,449
<br />8 Annual Debt Service Payment $0 $0 $444,789 $1,186,105 $444,789
<br />9
<br />10 Proposed Debt
<br />11 Debt Issuance - FY 2026 $0 $0 $0 $0 $0
<br />12 Debt Issuance - FY 2027 $0 $0 $0 $0
<br />13 Debt Issuance - FY 2028 $444,789 $444,789 $444,789
<br />14 Debt Issuance - FY 2029 $1,186,105 $1,186,105
<br />15 Debt Issuance - FY 2030 $444,789
<br />16 Total $0 $0 $444,789 $1,630,894 $2,075,683
<br />2.5 CAPITAL IMPROVEMENT PLAN
<br />CAPITAL PROJECTS AND EXPENSE SUMMARY
<br />Table 2-10 shows the City’s planned CIP based on the SSMP and expense summary. Detailed CIP
<br />costs are included in the Appendix (Table 5-4). Planned CIP is projected to be funded through
<br />debt and rates and/or reserves. Debt funded CIP (Line 7) pertains to all CIP that is funded by the
<br />proposed debt issuances (Table 2-9, Line 6). The proposed debt issuance will provide $28.0M in
<br />debt proceeds, which will fund capital projects starting in FY 2028. All other project costs will be
<br />funded by sewer rates and/or reserves (Line 8).
<br />
<br />Table 2-10: Capital Improvement Plan and Expense Summary
<br />Line Capital Improvement Projects (CIP) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
<br />1 Priority A - Capacity & Reliability
<br />Improvement Projects $1,584,205 $0 $1,860,000 $3,430,000 $0
<br />2 Priority A - Lift Station Projects $2,063,138 $750,000 $2,042,000 $7,940,000 $3,650,000
<br />3 Priority A - Condition Assessment
<br />Projects $1,512,759 $1,860,000 $2,316,000 $6,250,000 $4,037,000
<br />4 Total $5,160,103 $2,610,000 $6,218,000 $17,620,000 $7,687,000
<br />5
<br />6 Total
<br />7 Debt Funded $0 $0 $6,000,000 $16,000,000 $6,000,000
<br />8 Rate Funded $5,160,103 $2,610,000 $218,000 $1,620,000 $1,687,000
<br />9 Total $5,160,103 $2,610,000 $6,218,000 $17,620,000 $7,687,000
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