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HomeMy WebLinkAbout25C - AGMT - WATER PURCHASE ORDERREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: DECEMBER 16, 2014 TITLE: WATER PURCHASE ORDER AGREEMENT WITH METROPOLITAN WATER DISTRICT {STRATEGIC PLAN NO. 6,1, & 4,1} CITY IMNAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: r,J ,.,.riLa ❑ As Recommended ❑ As Amended ❑ Ordinance on 15' Reading ❑ Ordinance on 2ntl Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the City Manager and Clerk of the Council to execute a Current Base Purchase Order Agreement with the Metropolitan Water District of Southern California to purchase imported water during the 10 -year period from January 1, 2015, through December 31, 2024, subject to nonsubstantive changes approved by the City Manager and City Attorney. DISCUSSION The Metropolitan Water District of Southern California (MWD) is a wholesale water district supplying imported water to Southern California cities and water districts. To better plan long -term water needs, MWD offers its member agencies the opportunity to participate in 10 -year water purchase agreements. These water purchase agreements are 10 -year commitments to purchase a minimum quantity of water on an annual basis and a minimum quantity of water over the course of the 10 -year commitment. In return for these minimum purchase commitments, MWD assesses a greater percentage of purchased water at a lower, Tier 1 rate. Agencies opting to forego the commitments are assessed at a higher, Tier 2 rate for the greater percentage of their water purchases. Commitments are on a "take or pay" basis; if actual water purchases are less than the purchase commitment during the 10 -year period, participants are still required to pay for the unused portion. In December 2002 the City of Santa Ana, a member agency of MWD, entered into a 10 -year purchase order agreement with MWD to assure that the City would be able to purchase up to 12,128 acre -feet (AF) of water at the Tier 1 rate. The Purchase Order Agreement was extended for two years and will end on December 31, 2014. During both the 10 -year agreement period and the 2 -year extension, the City fulfilled its water purchase commitments and benefitted from Tier 1 rates for additional water purchases. At its November 18, 2014, meeting, the MWD Board authorized issuance of new water purchase orders for the 10 -year period from January 1, 2015, through December 31, 2024. MWD is offering three purchase order options for member agencies. As summarized below, each option affects 25C -1 Water Purchase Order Agreement with Metropolitan Water District December 16, 2014 Page 2 member agency water purchase commitments and limits the quantity of water that can be purchased at the lower, Tier 1 rate. No Purchase Order Option The No Purchase Order option allows member agencies to opt out of entering into an agreement for water purchases. If this option were selected, the City's annual water purchases at the Tier 1 rate would be limited to a maximum of 13,078 AF. Any water required in excess of this amount would be charged at the Tier 2 rate and be subject to the availability of Tier 2 water supplies. Updated Base Purchase Order Option The Updated Base Purchase Order option sets the limit of Tier 1 water available for purchase based on the highest fiscal -year sales during the 12 -year period of FY 2003 through FY 2014. Under this option the City's minimum annual purchase commitment would be 13,204 AR Current Base Purchase Order Option The Current Base Purchase Order option sets the limit of Tier 1 water available for purchase based on the highest fiscal -year sales during the 13 -year period of FY 1990 through FY 2002. Under this option the City's minimum annual purchase commitment would be 8,086 AF. The table below provides a comparison of the three options for the City of Santa Ana: Selection Criteria Annual Commitment 10 -Year Commitment Annual Tier 1 10 -year Tier Tier 1 1 (AF) AF Maximum (AF) Maximum No PO 0 0 13,078 NA Updated Base PO 13,204 132,040 19,807 198,070 Current Base PO 8,086 80,860 19,617 196,170 In recent years, total citywide water consumption has averaged approximately 40,000 AF per year. Of that total, the amount of water purchased from MWD varies from year to year, depending on a variety of operational factors, but is typically between 11,000 AF and 14,000 AF per year. Staff recommends selecting the Current Base Purchase Order option which offers the lowest purchase order commitment and, at the same time, allows the purchase of up to 19,617 AF per year of water at the lower, Tier 1 rate. For Santa Ana, the 10 -year purchase commitment is 80,860 AF with the flexibility to purchase up to 196,170 AF at Tier 1 rates. Staff estimates that, based on current water demand trends and supply sources, the purchase order commitment will be satisfied by the eighth year, two years ahead of schedule. STRATEGIC PLAN Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets). Approval of this item also supports the City's efforts to meet Goal #4 City Financial Stability, Objective #1 (maintain a stable, efficient, and transparent financial environment). 25C -2 Water Purchase Order Agreement with Metropolitan Water District December 16, 2014 Page 3 ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT Funds are budgeted annually in the Water Production and Supply Fund (Account 06017640- 63001). APPROVED AS TO FUNDS AND ACCOUNTS: re Mousavl our Francisco Gutierrez Exe utive Director Executive Director Public Works Agency Finance & Management Services Agency FM /NS /RR Exhibits: 1. Agreement 2. MWD Board Action 25C -3 25C -4 PURCHASE ORDER FOR SYSTEM WATER TO BE PROVIDED BY THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA PURCHASER: TERM City of Santa Ana 10 years: January 1, 2015 – December 31 2024 INITIAL BASE PERIOD DEMAND: EFFECTIVE DATE: acre -feet January 1, 2015 13,476 INITIAL TIER 1 MAXIMUM — Annual INITIAL TIER 1 MAXIMUM— Cumulative: Average: acre -feet acre -feet 19,617 196,170 PURCHASE ORDER COMMITMENT— PURCHASE ORDER COMMITMENT — Annual Average: Cumulative: acre -feet 8,086 acre -feet 80,860 Definitions of capitalized terms used in this Purchase Order are provided in Attachment 1. Terms used in this Purchase Order and not defined in Attachment 1 are defined in Metropolitan's Administrative Code. COMMITMENT TO PURCHASE: In consideration of Purchaser's commitment to purchase System Water pursuant to this Purchase Order, Metropolitan agrees to sell such System Water to Purchaser at the Tier 1 Supply Rate in an amount up to the Tier 1 Maximum — Cumulative. All System Water sold to Purchaser in an amount greater than the Tier 1 Maximum — Cumulative shall be sold to the Purchaser at the Tier 2 Supply Rate. In connection with the purchase of System Water, the Purchaser also agrees to pay all other applicable rates and charges, as established by Metropolitan from time to time. The rates and charges applicable to System Water as of the Effective Date are shown in Attachment 2. If Purchaser's applicable System Water purchases during the Term exceed Purchaser's Tier 1 Maximum, Purchaser may elect to: a.) Subject to the provisions of paragraph c) below, pay any Tier 2 Supply obligations at the end of the Term, in an amount equal to the difference between the Purchaser's applicable System Water purchases and the Tier 1 Maximum — Cumulative during the Term times the average of the Tier 2 Supply Rate in effect during the Term; or, b.) pay any Tier 2 Supply obligations, annually as purchases are incurred, in an amount equal to the difference between the Purchaser's applicable annual System Water purchases and the Tier 1 Maximum — Annual times the Tier 2 Supply Rate in effect during the calendar year. A true -up at the end of the Term will be performed to ensure that the Purchaser has received all Tier 1 Maximum — Cumulative purchases allowed by the Purchase Order. c.) if, after the end of the first five years, Purchaser has accrued a cumulative Tier 2 Supply Rate obligation, Purchaser may elect to pay the initial five year cumulative Tier 2 -t- 25C -5 supply rate obligation (i) in full at the end of year five of the Term , (ii) amortize it in five equal installments over the remaining five calendar years of the Term or (iii) pay it at the end of the Term Commencing in year 6 of the Term, Purchaser shall pay any additional Tier 2 Supply Rate obligation annually. . Purchaser agrees to purchase System Water from Metropolitan during the Term in an amount not less than the Purchase Order Commitment. If Purchaser's applicable System Water purchases during the Term are less than the Purchase Order Commitment, Purchaser agrees to pay Metropolitan an amount equal to the difference between the sum total in acre feet of water of the Purchase Order Commitment and the sum total in acre feet of water of Purchaser's applicable System Water purchases during the Term times the average of the Tier 1 Supply Rate in effect during the Term. Purchaser agrees to pay all amounts owing to Metropolitan, whether to satisfy a Purchase Order Commitment or a Tier 2 Supply Rate obligation, within the next regular billing cycle following the reconciliation of all certifications for special programs that the Purchaser may participate in. The Purchaser may elect to pay such amount in twelve equal monthly payments over the course of the next twelve months beginning with the first regular billing cycle following the reconciliation of all outstanding certifications for special programs. If the Purchaser elects to pay such amount over the course of the next twelve months following the regular billing cycle any outstanding balance shall bear interest at Metropolitan's then current investment portfolio average yield. All other amounts payable under this Purchase Order shall be billed and paid in accordance with the Administrative Code. COMMITMENT APPEAL: If the Purchaser's applicable System Water purchases during the Term are less than the Purchase Order Commitment, each acre -foot of unmet commitment will be reduced by the amount of production from a local resource project, measured in acre -feet, that commences operation on or after January 1, 2014. Local resource production includes any project type as approved by the Board under the Local Resources Program. WATER SERVICE: Conditions of water service by Metropolitan to the Purchaser, including but not limited to (i) delivery points, (ii) water delivery schedules, and (iii) water quality, will be determined in accordance with Chapter 5 (Section 4500 through 4514, inclusive, as applicable) of Metropolitan's Administrative Code. In accordance with its Administrative Code, Metropolitan shall use its reasonable best efforts to supply System Water in the quantities requested by the Purchaser, but is not obligated to dedicate any portion of System capacity for the conveyance, distribution, storage or treatment of System Water for the benefit of the Purchaser or any other member agency. Metropolitan shall use its reasonable best efforts to deliver the System Water when needed by the Purchaser during the Term; provided however, there shall be no default under this Purchase Order if Metropolitan fails to deliver water to the Purchaser in accordance with any such schedule of deliveries during the Term. By execution of this Purchase Order, the Purchaser recognizes and agrees that it acquires no interest in or to any portion of the System or any other Metropolitan facilities or supplies, or any right to receive water delivered through the System, excepting the right to purchase up to Purchaser's Tier 1 Maximum — Cumulative at the Tier 1 Supply Rate provided that System Water is available. This Purchase Order governs pricing of the System Water delivered to the Purchaser pursuant to this Purchase Order and does not confer any entitlement to receive System Water -2- 25C -6 System Water provided to the Purchaser under the terms of this Purchase Order shall be subject to reduction in accordance with the shortage allocation provisions of the Water Surplus and Drought Management Plan (the "WSDM Plan ") or other such policies and principles governing the allocation of System Water as adopted by the Board. In the event that Metropolitan's Board determines to reduce, interrupt or suspend deliveries of System Water, any outstanding balance of the Purchase Order Commitment at the end of the Term shall be reduced by the Purchase Order Commitment — Annual Average for each and every fiscal or calendar year that a reduction, interruption or suspension occurred. MISCELLANEOUS: This Purchase Order will be interpreted, governed and enforced in accordance with the laws of the State of California. This Purchase Order will apply to and bind the successors and assigns of the Purchaser and Metropolitan. No assignment or transfer of the rights of the Purchaser under this Purchase Order will be valid and effective against Metropolitan or the Purchaser without the prior written consent of Metropolitan and the Purchaser. If at any time during the Term, by reason of error in computation or other causes, there is an overpayment or underpayment to Metropolitan by the Purchaser of the charges provided for under this Purchase Order, which overpayment or underpayment is not accounted for and corrected in the annual re- determination or reconciliation of said charges, the amount of such overpayment or underpayment shall be credited or debited, as the case may be, to the Purchaser. Metropolitan will notify the Purchaser in writing regarding the amount of such credit or debit, as the case may be. In no case will credits or debits for charges provided for under this Purchase Order be administered beyond the limit for billing adjustments as specified in Metropolitan's Administrative Code. -3- 25C -7 IN WITNESS WHEREOF, this Purchase Order is executed by the duly authorized officers of the Metropolitan Water District of Southern California and , as of December _, 2014. THE METROPOLITAN WATER DISTRICT OF CITY OF SANTA ANA SOUTHERN CALIFORNIA 0 Jeffrey Kightlinger General Manager Ba [Title] DAVID CAVAZOS, City Manager APPROVED AS TO FORM AND CONTENT: General Counsel 0 Jose Sandoval, Chief Assistant City Att. General (";nllnRP.l Ba -4- 25C -8 ATTEST: MARIA D. HUIZAR City Clerk Attachment 1 Purchase Order for System Water DEFINITIONS "Act" means the Metropolitan Water District Act, California Statutes 1969, Chapter 209, as amended and supplemented from time to time. "Base Period Demand" means the greater of (i) the Initial Base Period Demand or (ii) the five -year rolling average of the Purchaser's System Water purchases, measured on a fiscal year basis. "Effective Date" means the effective date of this Purchase Order as specified above. "Demand" means the Purchaser's purchases of System Water supplies, including full service, seasonal shift, Conjunctive Use Program, Surface Storage Operating Agreement water, Recharge and Recovery Operating Agreement water, or any other water program deemed to be a purchase of water. "Initial Base Period Demand" means the Purchaser's highest annual Demand, as determined by Metropolitan, in: a). any fiscal year during the period from fiscal year 1989/90 through fiscal year 2001/02; or b). any fiscal year during the period from fiscal year 2002/03 through fiscal year 2013/14. "Metropolitan" means The Metropolitan Water District of Southern California. "Purchase Order Commitment" means: a). if the Purchaser elects option a). under the Initial Base Period Demand, then 60% of the Purchaser's Initial Base Firm Demand as previously calculated by Metropolitan, which is the highest fiscal year firm Demand during the period from fiscal year 1989/90 through fiscal year 2001/02, times 10; or b). if the Purchaser elects option b). under the Initial Base Period Demand, then 60% of the Purchaser's highest fiscal year Demand during the period from fiscal year 2002/03 through fiscal year 2013/14, times 10. "Purchase Order" means this Purchase Order for System Water. "Purchaser" means the member public agency specified above, a duly organized [city /water district/county water authority] of the State of California. "System" means the properties, works and facilities of Metropolitan necessary for the supply, development, storage, conveyance, distribution, treatment or sale of water. "System Water" means water supplies developed by Metropolitan and delivered to the Purchaser through the System or other means (e.g. conjunctive use storage). "Term" means the term of this Purchase Order as specified above. -5- 25C -9 "Tier 1 Maximum — Annual" means an amount equal to 90% of the Initial Base Period Demand. "Tier 1 Maximum — Cumulative" means an amount equal to the Tier 1 Maximum — Annual times 10. "Tier 1 Supply Rate" means Metropolitan's per- acre -foot Tier 1 Supply Rate, as determined from time to time by Metropolitan's Board of Directors. The initial Tier 1 Rate is $158/AF. "Tier 2 Supply Rate" means Metropolitan's per- acre -foot Tier 2 Supply Rate, as determined from time to time by Metropolitan's Board of Directors. The initial Tier 2 Rate is $290 /AF. "Water Surplus and Drought Management Plan (WSDM)" means Metropolitan's policy and procedures for managing supplies and drought conditions as adopted by the Board from time to time. -6- 25C -10 Attachment 2 Purchase Order for System Water RATES AND CHARGES 7- 25C -11 Effective January 1, 2015 Effective January 1, 2016 Tier 1 Supply Rate ($ /AF) $158 $156 Tier 2 Supply Rate ($ /AF) $290 $290 System Access Rate ($ /AF $257 $259 System Power Rate $ /AF) $126 $138 Water Stewardship Rate $ /AF $41 $41 Full Service Untreated Rate ($ /AF ): Tier 1 $582 $594 Tier 2 $714 $728 Treatment Surcharge $ /AF) $341 $348 Full Service Treated Rate ($ /AF ): Tier 1 $923 $942 Tier 2 $1,055 $1,076 Readiness -to -Serve Charge ($ millions) $158 $153 Capacity Charge $ /cfs) $11,100 $10,900 7- 25C -11 THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA • Board of Directors Finance and Insurance Committee 11/18/2014 Board Meeting RM Approve the proposed terms for Purchase Orders with Member Agencies; authorize the General Manager to execute Purchase Orders with Member Agencies consistent with the proposed terms; and approve the Proposed Amendments to the Administrative Code Executive Summary The Board is asked to approve the proposed terms for Purchase Orders with member agencies as outlined in Attachment 1, authorize the General Manager to execute Purchase Orders with member agencies consistent with the proposed terms, and approve the proposed amendments to the Administrative Code as shown in Attachment 3. The Purchase Orders will allow member agencies to purchase greater amounts of Metropolitan system water at the Tier 1 Supply Rate in exchange for a commitment to purchase a specific amount of water at a minimum over time which provides Metropolitan with a measure of revenue certainty over the term of the agreements. Details Purchase Orders are voluntary agreements that determine the amount of water that a member agency can purchase at the Tier 1 Supply Rate. They allow member agencies to purchase a greater amount of water at the lower Tier 1 Supply Rate than would otherwise be authorized by the Administrative Code. In exchange for the higher Tier 1 Maximum, the member agency commits to purchase a specific amount of water (based on past purchase levels) over the term of the agreement. Such agreements allow member agencies to manage costs and provide Metropolitan with a measure of secure revenue. As previously explained to the Board and as further clarified below, Purchase Orders are adjuncts to the cost -of- service study in that they implement Metropolitan's tiered supply pricing structure. Metropolitan's current cost -of service study, as well as the current budget and rates, assume no Tier 2 sales. If received, Tier 2 revenue will be used towards the incremental cost of acquiring additional water supplies to serve users with increasing demands and to fund additional conservation efforts. The Tier 2 Supply Rate also encourages efficient water resource management and conservation by indicating to member agencies the increased costs associated with demand increases. Purchase Orders also allow member agencies to maintain and manage local supplies by, for example, removing possible replenishment disincentives. The existing Amended and Restated Purchase Order agreements, entered into with 22 member agencies, expire on December 31, 2014. Through discussions with the Board and the member agencies, a proposal was developed for new ten -year Purchase Orders. The key terms of the new Purchase Orders are outlined in greater detail in Attachment 1, and include: • A ten -year term, effective January 1, 2015 through December 31, 2024; • For member agencies executing a Purchase Order, the choice between the demand base of the current Amended and Restated Purchase Order agreements, which is the highest fiscal year purchases during the 13 -year period of FY 1990 through FY 2002, or the highest year in the most recent 12 -year period of Exhibit 2 25C -12 11/18/2014 Board Meeting 8 -1 Page 2 FY 2003 through FY 2014. The demand base is unique for each member agency, reflecting its use of Metropolitan's system water over time; • An overall purchase commitment by the member agency based on the demand base period chosen, times ten to reflect the ten -year Purchase Order term. Those agencies choosing the more recent 12 -year period may have a higher Tier 1 Maximum and commitment. The commitment is also unique for each member agency; • The opportunity to reset the base period demand using a five -year rolling average; • Any obligation to pay the Tier 2 Supply Rate will be calculated over the ten -year period, consistent with the calculation of any Purchase Order commitment obligation; and • An appeals process for agencies with unmet purchase commitments that will allow each acre -foot of unmet commitment to be reduced by the amount of production from a local resource project that commences operation on or after January 1, 2014. The Administrative Code provides that a member agency's Tier 1 Maximum is 60 percent of their calculated Revised Base Firm Demand. Each member agency's Revised Base Firm Demand is shown in Administrative Code Section 4122. Under the Purchase Orders, member agencies will have the option to purchase a greater amount of water at the lower Tier 1 Supply Rate in exchange for a commitment to purchase a minimum amount of water over the term of the Purchase Order. The current sum of the Tier I Maximum for member agencies, with and without Purchase Orders, totals 2.05 million acre -feet (MAF) for Calendar Year 2014. Discussions with member agencies regarding possible new Purchase Orders indicate that the total sum of the Tier 1 Maximum amounts is expected to remain at approximately 2.05 MAF. The current sum of the annual average commitment for member agencies with a Purchase Order total approximately 0.9 MAF; the total sum of the annual average commitment for member agencies anticipated to execute a new Purchase Order is also expected to remain at approximately 0.9 MAF. Some member agencies use Metropolitan as a full requirements provider, some use Metropolitan as a partial requirements provider, and some member agencies use Metropolitan for standby service. The cost -of- service analyses and the resulting Readiness -to -Serve Charge, Capacity Charge, and volumetric rates capture the costs of these varying needs. Tiered supply rates, however, allow Metropolitan to cover higher incremental resource costs to supply users with increasing demands. Tier 2 revenues realized in the current or future biennial budget period will be transferred to the Water Management Fund to cover these higher incremental resources costs, including North of Delta transfers, as well as additional conservation expenses to address the increased demand and mitigate its impact. For member agencies that sign new Purchase Orders and commit to purchase a minimum amount of water, their obligation to pay the Tier 2 Supply Rate will be calculated over the term of the Purchase Order, consistent with the calculation of the commitment obligation. In this way, the Purchase Order focuses any Tier 2 obligation on agencies with demands that are increasing or agencies that are unable to maintain local resources on an ongoing basis, rather than hydrologic variations which are accommodated in Metropolitan's current supply portfolio and financial reserves. Calculating member agencies' Tier 2 obligations over the entire term also accommodates responsible and sustainable water management by member agencies that may be cost prohibitive if Tier 2 obligations were calculated annually. For example, the cumulative calculation of any Tier 2 obligation allows member agencies with Purchase Orders to take large amounts of water in a short period of time in order to replenish storage but still stay within their Tier 1 base demand as long as they manage their deliveries over the long term. Member agencies that accrue a Tier 2 obligation by virtue of exceeding their Tier 1 Maximum at the end of year five of the Purchase Order will pay their Tier 2 obligation annually. Any member agency without a Purchase Order must pay their Tier 2 obligation in the calendar year in which it accrues. Member agencies give their prospective commitments considerable deliberation when determining whether to sign a Purchase Order or not. Their commitment to purchase system water from Metropolitan over the term 25C -13 11/18/2014 Board Meeting 8 -1 Page 3 provides a level of assurance between the member agency and Metropolitan, and among the member agencies, that revenues will be generated. In particular, the Purchase Order commitment provides a level of assurance among the member agencies that participating agencies will share in the costs of supporting Metropolitan, as determined by cost -of- service analyses. Attachment 2 summarizes each member agency's options. Attachment 3 includes the proposed changes to the Administrative Code in strike - through and underline format to incorporate the new Purchase Order. Purchase Orders are voluntary and do not confer a contractual right to system water to a member agency. The Tier 1 and Tier 2 Supply Rates for Calendar Years 2015 and 2016 have already been determined by the Board. Biennially, the Board reviews the proposed Tier 1 and Tier 2 Supply Rates as part of the biennial rate setting process. Metropolitan Water District Administrative Code Section 4120: Purchase Order; Purchase Order Commitment Metropolitan Water District Administrative Code Section 4122: Base Period Demand; Revised Base Firm Demand; Initial Base Firm Demand; Metropolitan Water District Administrative Code Section 4404: Purchase Orders California Environmental Quality Act (CEQA) CEQA determination for Option #1: The proposed action is not defined as a project under CEQA because it involves continuing administrative activities, such as general policy and procedure making (Section 15378(b)(2) of the State CEQA Guidelines). In addition, the proposed action is not subject to CEQA because it involves other government fiscal activities, which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment (Section 15378(b)(4) of the State CEQA Guidelines). In addition, where it can be seen with certainty that there is no possibility that the proposed action in question may have a significant effect on the environment, the proposed action is not subject to CEQA (Section 15061(b)(3) of the State CEQA Guidelines). The CEQA determination is: Determine that the proposed action is not defined as a project and is not subject to CEQA pursuant to Sections 15378(b)(2), 15378(b)(4), and 15061(b)(3) of the State CEQA Guidelines. CEQA determination for Option #2: None required Board Options Option #1 Adopt the CEQA determination that the proposed action is not defined as a project and is not subject to CEQA, and a. Approve the proposed terms for Purchase Orders with member agencies as outlined in Attachment 1; b. Authorize the General Manager to execute the Purchase Order with member agencies opting to execute the Purchase Order consistent with the proposed terms, in a form approved by the General Counsel; and c. Approve amendment of Sections 4120, 4122, 4401, 4404, and 4507 of the Administrative Code as shown in Attachment 3. Fiscal Impact: The Purchase Orders will have no fiscal impact in FY 2014/15 and FY 2015/16; the biennial budget assumes 1.75 MAF of sales in each fiscal year, with no Tier 2 purchases. 25C -14 11/18/2014 Board Meeting 8 -1 Page 4 Option #2 Do not approve the proposed terms for Purchase Orders with member agencies, do not authorize the General Manager to execute the Purchase Order, and do not approve changes to the Administrative Code. Fiscal Impact: Unknown Staff Recommendation Option #1 —4t� 11/3/2014 Gary Btha0 Date Chief Financial Officer Attachment 1 – Purchase Order for System Water to be Provided by the Metropolitan Water District of Southern California: Key Terms Attachment 2 – Tier 1 Maximum and Commitment Options Attachment 3 – Proposed Amendments to Administrative Code Ref# cfol2633440 25C -15 11/18/2014 Board Meeting 8 -1 Attachment 1, Page I of 2 Purchase Order for System Water to be Provided by the Metropolitan Water District of Southern California Key Terms Term: • 10 years, effective January 1, 2015 through December 31, 2024 Base Period: • For purposes of determining their Tier 1 maximum, member agencies can choose between the current Revised Base Firm Demand, which is the highest fiscal year sales during the 13 -year period of FY 1990 through FY 2002, OR the highest year in the most recent 12 -year period of FY 2003 through FY 2014. Both calculations include Interim Agricultural Water Program, Seasonal Storage Service —Long, Cyclic and Replenishment Program sales. • Member agencies executing Purchase Orders will have a Tier 1 Maximum based on 90% of the respective base period peak year they choose. • If a member agency opts to use the original 13 -year period for their Purchase Order, their commitment will be 60% of the 2003 Initial Base Firm Demand (same as current Purchase Order). • If a member agency opts to use the more recent 12 -year period for their Purchase Order, their commitment will be 60% of the highest year in the most recent 12 -year period. • Member agencies who do not execute a Purchase Order will have their Tier 1 limit set at 60% of the Revised Base Firm Demand (same as current Purchase Order). • The calculation of the rolling average for purposes of resetting the Tier 1 maximum will exclude Water Supply Allocation Plan years and will use a 5 -year period. Once the Tier 1 Maximum resets, this reset will not go down. Tier 2 Applicability: • Tier 2 should only be applied to a member agency if its cumulative sales for the term of the Purchase Order exceed its cumulative Tier 1 Maximum, consistent with the methodology currently utilized to satisfy the 60 percent Purchase Order commitment. • Member agencies with Tier 2 obligations may choose: To have the obligation calculated at the end of the 10 -year term and pay any Tier 2 obligations at that time, based on the average of the difference between the Tier 1 and Tier 2 Supply Rates over the 10 -year term. To pay any Tier 2 obligations as they are incurred, with a true -up at the end of the 10 -year period. If, after Year 5, a Purchaser has accrued a Tier 2 obligation (purchases exceed the Tier 1 Maximum annualized * 5), the Purchaser will begin paying any future Tier 2 obligation annually. Any outstanding Tier 2 obligation owing from the initial 5 -year period can be amortized over the next 5 calendar years or paid at termination of the Purchase Order. 25C -16 11/18/2014 Board Meeting 8 -1 Attachment 1, Page 2 of 2 Additional Aspects of the Purchase Orders: • Purchase Orders are voluntary • The commitment is cumulative over the term; agencies that do not meet the full amount of the commitment during the term will pay for the unmet commitment at the average of the Tier 1 Supply Rate in effect during the term. The Purchase Order will allow for an appeals process at the end of the term for agencies with an unmet commitment. Each acre -foot of unmet commitment will be reduced by the amount of production from a local resource project, measured in acre -feet, that commences operation on or after January 1, 2014. Local resource production includes any project type as approved by the Board under the Local Resources Program. • The commitment will be adjusted to exclude Water Supply Allocation Plan years. • Purchase Orders do not confer a contractual right to system supply to a member agency. The proposal does not accommodate the exchange or sale of purchase order quantities between member agencies. • All member agency purchase orders will extend over the same 10 -year period. Member agencies purchase orders will be effective January 1, 2015. • The Tier 2 Supply Rate for Calendar Years 2015 and 2016, as already determined by the Board, will not change. Biennially, the Board reviews the proposed Tier 1 and Tier 2 Supply Rates as part of the biennial rate setting process. 25C -17 W O rv-I a, N N m F' •Y N O V O IN H 0 a O C d E E E v M C A E X CR G d H 25C -18 E N O d' m O N to a1 N H 0) 01 LO Ln H O N m 01 co LO Ol 00 m d' O N m N 00 m r r H V M W of m m r LD N ay N m r O -tv r H H V Ln O m N m H V r m w 00 Ln d' H r N r O H Ln w H O d' m m W O r m E E 1 'O 0 W N M s M c F 1-� n N N cr VF M Il d, M N M 1l� 4 M Lr 0 ti x@ H H r r tD H w H M N W H m H CF H �• O V1 O 7 h N H M H Ln > t a ti p Y 3 01 0 d' O OC M Ln Ln 00 Ln l0 H W O7 a V1 N 00 N N r Ol r CI' 01 r CF H w d' LD M N H N co d' H CI' Ln O 00 m l0 m H It O m 00 O O H 00 01 c0 H co N N m m Ln m 0 cY cY m 00 ID w M r 00 V 00 01 LO N O a r N •R O } 00 ""� a 06 r- M r. 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N O^ r O H O H N 1p H N H Ln O-t m LO O r O O1 LD O m 00 c0 m 0) co Y C LL c N N Ol O a r tD m m c0 m H H H H N Ln m 01 co O M r O 00 r N m CO 00 01 00 N N M V M Ln � 00 r M M LO H N w H O V O1 N O In H O v 06 0 ai 06 m o � � is ai m Lo rr Z a � & m E H H lD 'V H M H N O 06 H ri 06 H ri H d' O ai M ri t OM m N w £ Y O 3 E H U c o U O H CO r V' r O H Ln m r Ln N H N r r N N r V M 00 t0 :Zr r N w H r r H LO M (n V1 m m N Ln LD LO r r H 00 O O O V Ln M lD LO M H d N H 00 m N LD l0 00 r 00 H O Ln 00 m Ln '7 Cl) w O a* O M to V N N } N O "� M Ln c Ol M O V n M rl n n r-I n Lr n 1 N ZF 6 N L6 O 6 r LL N Ov Li V r O 00 r O V H It Ln 00 m O m m m m m co r d' c0 r co m Ln l0 d' m H N m 00 Ln m V T LO l!1 l0 m O d' a1 al cp 7 Ol (n V N r LO m Ln H co LO � LD LO LO O Ln H LD T N 0) r Ln m O 01 r m N N <0 O N N N M n '�F 06 N Q> L6 N rr N Ol NI N n N H M L N ti H N M 'V N N H N H H O H H N O N Ln N N H 00 rr N CF L!1 M m Ln r r, al O 9 Ln N H r N H O H 01 CF Ln H H r Ln a m Ln O 00 lD V N r LO '7 m m H LD Ln m O N H H LI°1 m m m N Ln al m N Ln a) r V N a) a 0 m m H N 00 H M a lD H N Ln H m 00 00 00 LO Ln O O 01 '7 M N N M m N r d� '1F 0 Ln O L6 N N Oi LD N' M 06 r M r rl H cv1 N 06 M 06 V L6 O N H H m 00 H H N lO N M 'cl' N Ln H H r N H r LD L!1 O HH M N L11 H 00 n N N u C � Q �w O to In m N 00 d E= Y N m C O 0) E 0J N N V c0 O C f0 C .6 •� } C O @ _ O N W C O w a_a) E m Q � U m w w L v v b °' Y v c> wOq Lb o v LM m> a c E c ou Q Li gym, ,�, w` Y a — I c v c c c c c c v CL v v I- Q W _m C J c� C m m m m U U U LPL 11 (D JO JO Ov N O 25C -18 11/18/2014 Board Meeting 8 -1 Attachment 3, Page 1 of 4 § 4120. Purchase Order; Purchase Order Commitment. "Purchase Order" shall mean a member agency's written commitment to purchase a specified total volume of water from the District during a specified period, as provided in Section 4404. and "Purchase Order Commitment" shall mean ° but net ..InAe— E), deliveries undef the Ptne ass Order ee ,._mitt. ent the amount of system water a member agency commits to purchase over the term of the Purchase Order. M. I.44812 - March 12,2002; amended by M. I.45249 - March 11, 2003. § 4122. Base Diem- Period Demand; I„ Revised Base Firm Demand; Initial Base Firm Demand. "Base Finn Period Demand" shall mean the amount specified in a member agency's Purchase Order, that is either: the greatef of the member agency's Initial-Revised Base Firm Demand, as specified in this Section: or b) the member agency's highest fiscal year purchases from fiscal year 2003 through 2014: provided, however, that if et-b) -the member agency's teofive- fiscal year rolling average of deliver-ies-purchases of water from the District for the most recent ten -five fiscal year period, excluding, o in either ease; water purchased under an interruptible program. exceeds the member agency's initial Base Period Demand then the member agency's Base Period Demand for each subsequent calendar year shall be increased to the member agency's five -fiscal year rolling age_ , "Initial Base Firm Demand" shall mean the member agency's highest annual delivery of water from the District, excluding water delivered under Long -Term Seasonal Storage Service, Interruptible Service, and Interim Agricultural Water Program Service, during any fiscal year from fiscal year 1989/90 through fiscal year 2001/02. 25C -19 - e _ ■ _ ■ 25C -19 11/18/2014 Board Meeting 8 -1 Attachment 3, Page 2 of 4 Effective as of January 1, 2013, each member agency's r„ Revised Base Firm Demand Post Aq i4he. ..,.. fef flunk atien of R- len t o �.» .. �..� „p v"'�rrii�cairve- £=vzvcu ^n�is as follows: Member Agency Revised IBFD Anaheim TA[�x/D 27,154 Beverly Hills 14,867 Burbank 18,640 Called 122,498 Central Basin 119,617 Compton 5,620 Eastern 102,694 Foothill 13,081 Fullerton 12,554 Glendale 29,135 Inland Empire 103,648 Las Virgenes 22,999 Lon Beach 57,560 Los Angeles 372,959 MWDOC 311,769 Pasadena 23,533 San Dieso 655,903 San Fernando 1,049 San Marino 1,998 Santa Ana 21,797 Santa Monica 12,344 Three Valleys 83,248 Torrance 23,297 Upper San Gabriel 74,698 West Basin 175,024 Western 94,567 § 4401. Rates. Supply Rate: Tier 1. Supply Rate — The Tier 1 Supply Rate shall apply to water purchases which in the aggregate for any calendar year, are less than or equal to 60 percent of the Revised Base Firm Demand of such member agency as specified in Section 4122, unless that member agency has executed a Purchase Order, as defined in Section 4120 in which case the Tier 1 Supply Rate applies to water purchases as established by the Purchase Order terms ,ems 25C -20 11/18/2014 Board Meeting 8 -1 Attachment 3, Page 3 of 4 90 dle Base Tier 2 Supply Rate —The Tier 2 Supply Rate shall apply when a member agency's cumulative total of fW1 seM� 'a ;es water purchases for the calendar year exceeds 60 percent of the member agency's Revised Base Firm Demand as specified in Section 4122, or according to the terms of a Purchase Order 9013efee.. t-&� for member public agencies that execute a Purchase Order § 4404. Purchase Orders. (a) The General Manager shall establish and make available to member public agencies the form of the Purchase Order and procedures for its administration. The General Manager shall establish a deadline by which all Purchase Orders shall be executed by member public agencies that desire to enter into such agreements with the District. Following the deadline established by the General Manager, no member public agencies will be allowed to execute Purchase Orders. (b) The term of the ifriti&Purchase Orders shall be r T°«„° =y , 2004 t",.°..gh .. «a ifi°,..a: «n 4ee Aw 3 2m'specified in the Purchase Order. All Purchase Orders in effect for the same time period shall be on substantially the same terms shall be eji substantially the °' °" ° ° «' ` - JhA ° .a�-ny -All aamendments to Purchase Orders M &b&-sa "met tergcluire approval by the Board. (c) Each member public agency executing a Purchase Order shall commit to purchase at least its Purchase Order Commitment during the term of the Purchase Order. (d) Purchase Orders shall permit tea member public agency that a a Purehase Order shall be permi#ed-a� to purchase up to 90 percent of its Base &rf3rPeriod Demand at the Tier 1 Supply Rate for the tenn of the Purchase Order. Y •. (g4 e)_All water deliveries under a Purchase Order shall be subject to the operational conditions and constraints contained in this Division. In ienaddition, all billings and payments for such water shall be subject to the provisions of this Division in the same manner as other water delivered by Metropolitan. 25C -21 11/18/2014 Board Meeting 8 -1 Attachment 3, Page 4 of 4 § 4507. Billing and Payment for Water Deliveries. 25C -22 e - ,. FOR! .. IN 11 .. - ----------- - 25C -22