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7/17/2026 <br />3 <br />2026 Water Project Scope <br />The bond proceeds will be used to finance all or a portion of the following <br />improvements, collectively referred to as the 2026 Water Project: <br />•Water Meter and Advanced Metering Infrastructure (AMI) System Replacement <br />•City Groundwater Supply Project <br />•Water System Emergency Power Improvements Program <br />•Annual Water Distribution System Improvements <br />•Any other improvements to the Water System approved by the City Council <br />5 <br />2026 Revenue Bonds <br />6 <br />Estimated Project Costs for <br />Bond Reimbursement** <br />Estimated Total 5-Yr <br />CIP Budget*Project Name <br />6,015,00030,471,247City Groundwater Supply Project <br />5,837,00010,930,000Water Meter and AMI System Replacement <br />1,230,0008,667,500Annual Water Distribution System Improvements <br />1,918,0006,530,000Water System Emergency Power Improvements Program <br />15,000,000 56,598,747Total <br />* The 2026 Bonds are strategically planned to fund the total or partial amounts of the estimated total 5-year CIP budget. Other sources of <br />funding include, but may not be limited to, 2024 Water Bonds, 2026 Water Bonds, future bonds, grants, water operating revenue, etc. <br />**Any other improvements to the Water System, not shown in the table and approved by the City Council, may utilize 2026 Bond funds, if <br />needed. <br />5 <br />6 <br />Page 232 of 373