The URL can be used to link to this page

Home My WebLink AboutRES 15-6954 (ENGINEER REPORT-SEWER SERVIE CHARGE)1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 99 RESOLUTION NO. 15-6954 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING THE ENGINEER'S REPORT AND SCHEDULING A MAJORITY PROTEST HEARING FOR THE CITY OF HERMOSA BEACH PROPOSED SEWER SERVICE CHARGE THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, DOES HEREBY RESOLVE AND ORDER AS FOLLOWS: SECTION 1. Recitals. 1. The City of Hermosa Beach is considering the adoption of a sewer service charge to commence in the fiscal year 2015/2016. The purpose of the charge is to collect funds to cover the expenses for the overall operation, maintenance and servicing of the city -owned sewer system as well as the funds deemed appropriate and necessary to pay for capital improvements and reserves. 2. On April 28, 2015, the City Council was presented with an Engineer's Report ("Report") for the proposed sewer service charge, attached hereto as Attachment A and incorporated herein by reference. The Report is entitled "City of Hermosa Beach Sewer Service Charges Commencing Fiscal Year 2015/2016 Engineer's Report." The Report includes an overall description of the City's sewer improvements and operation, maintenance and services for the system, as well as the estimated cost of the improvements, the proposed charge and a boundary diagram for the affected parcels. SECTION 2. After reviewing and considering the Engineer's Report, the City Council hereby adopts the Report as an accurate and complete analysis of the proposed service charge, which will be considered following notice and a majority protest hearing as required under Article XIII(D) of the California Constitution (Proposition 218). SECTION 3. The City Clerk is directed to schedule a majority protest hearing to consider the proposed charge on June 23, 2015 and to send out the public notices required under state law for the majority protest hearing. Page 1 of 2 15-6954 1 2 3 4 5 6 7 8 9 10 11 12 r 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 ?9 SECTION 4. The City Clerk shall certify to the passage and adoption of this Resolution; shall enter the same in the book of original Resolutions; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council meeting at which the same is passed and adopted. This Resolution will become effective immediately upon adoption and will remain effective unless repealed or superseded. PASSED, APPROVED AND ADOPTED this 28th day of April, 2015. �r v PRESIDENT of the City Council and MAYOR of the G4 of Hermosa Beach, California ATTEST: City Clerk Page 2 of 2 ty Attorney AS W FORM: 15-6954 n Y R1 1 i STAY —moll -1 �� T qppF - - P!-,4 Iry CITY OF HERMOSA BEACH SEWER SERVICE CHARGES COMMENCING FISCAL YEAR 2015/2016 ENGINEER'S REPORT e �.icy+f 'r� • �' PENCO Engineering, Inc. cirll Envul' nnw I'Lavanq Sunranc "(Went .Sucress is Our .Surces.N" INTRODUCTION In order to effectively establish a capital improvement program to implement the needed wastewater system improvements, an equitable method of prioritizing projects must be established. In general, sewer facilities having the greatest degree of defects and deterioration at the present time will receive higher priority than those which are in better conditions. In 1994, an Infrastructure Management Project Report, prepared by ITX, analyzed the City's sewer network and also recommended a rehabilitation program to address the immediate needs of the sewer network. In 2008, considering the City's 85 years old sewer network of concrete and clay pipes, City embarked on the implementation of a Sanitary Sewer Master Plan that updated the Sewer portion of the Infrastructure Management Project Report prepared by ITX in 1994. Building on the work the City had completed through the undertaking of previous studies and projects, the Sewer Master Plan was prepared based upon newly collected data from the 2008 Closed Circuit TV (CCTV) inspection of the entire sewer system. This Sewer Master Plan, dated April 2009 and revised March 2011, currently lists the existing defects and deficiencies and identifies projects for improvements for a 10 year program. At the end of the ten year rehabilitation program, CCTV inspection of the entire sewer system is recommended for monitoring any remaining or newly developed physical deterioration and maintenance problems. This would allow the City to continue with development and implementation of a cost effective rehabilitation program that will insure the long-term integrity of the sewer system and service to the community. The City is now considering to bond for needed capital improvements using a portion of the proposed sewer service charges to pay annual debt service to address major repairs and rehabilitation of the sewer system based on the priority set in the Sewer Master plan. In support of this endeavor and per City's request, a more up to date cost to rehabilitate the sewer system over the next ten (10) years is presented in the following section of this update to the Sewer Master Plan. SUMMARY AND RECOMMENDATIONS This section puts forth a rehabilitation program cost estimate considering the needs of the sanitary sewer infrastructure over the next ten (10) years; however a plan is in place to implement the necessary improvements within seven years. As was previously stated, the City has undertaken rehabilitation work of its sewer system based on programs outlined in previous studies that recommended the City to plan for the eventual replacement of the entire sanitary sewer system. City is estimated to currently have 194,000 lineal feet of sanitary sewer pipes, 880 sewer manholes, one (1) main wastewater pump station and three (3) small beach restroom pumps. In 2008, Closed Circuit TV (CCTV) inspection of the entire sewer system, that was accessible, was completed and prioritized for repair in the 2009 Sewer Master Plan. Of the 194,000 lineal feet of sanitary sewer pipes in the system, 38,000 lineal feet of sewer pipes were not accessible by CCTV due to obstructions. These pipes are likely to be badly deteriorated considering their age and limited accessibility for routine maintenance. Therefore, these pipes are considered a priority for rehabilitation and repair. Based on existing records, 53,800 feet of pipe is considered to be in good condition and requires no rehabilitation for a minimum of ten years. The remaining 140,200 feet of pipe in the system; requires some form of rehabilitation within the next ten years. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 12 Attachment A PENCO Engineering, Inc. C,,,i E„_„ -rn, PLmnus tiuncpnc r •.('liens Surmsc is Our Surren" REHABILITATION COST ANALYSIS (over next 7 years) Total pipe inventory Pipes in good condition for next ten years Pipes to be rehabilitated Pipe Rehabilitation Unit Cost (based on past 3 years average cost) Pipe Rehabilitation Quantity per Year (spread equally over 7 years) Pipe Rehabilitation Cost (15tyear) - assume 2% inflation Pipe Rehabilitation Cost (2"dyear) - assume 2% inflation Pipe Rehabilitation Cost (3`dyear) - assume 2% inflation Pipe Rehabilitation Cost (4thyear) - assume 2% inflation Pipe Rehabilitation Cost (5thyear) - assume 2% inflation Pipe Rehabilitation Cost (6thyear) - assume 2% inflation Pipe Rehabilitation Cost (7thyear) - assume 2% inflation Manholes -15% need reconstruction TOTAL CONSTRUCTION COST Contingency -10% Design & Inspection Costs-20% TOTAL REQUIRED BUDGET 194,000 ft. 53,800 ft. (194,000 - 53800)=140,200 ft. 50.00 $/ft. 140,200/7=20,029 ft. /yr. (20,029) (50.0) (1.02)=$1,021,479 (20,029) (50.0) (1.02)2=$1,041,909 (20,029) (50.0) (1.02)3=$1,062,747 (20,029) (50.0) (1.02)4=$1,084,002 (20,029) (50.0) (1.02)5=$1,105,682 (20,029) (50.0) (1.02)6=$1,127,793 (20,029) (50.0) (1.02)7=$1,150,351 (700) (.15) ($8,000)=$840,000 $8,433,963 $843,396 $1,686,793 $10,964,1522 Z Information from the City of Hermosa Beach Master Plan prepared by MBF Consulting. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 14 Attachment A PENCO Engineering, Inc. ("'d 111cin"ru": PhL me til I r\ l'1111L "Client .Surce+s is Onr.Sucre� PART A- PLANS AND SPECIFICATIONS CITY SEWER IMPROVEMENTS3 The sewer improvements within the City of Hermosa Beach for which the City proposes to be responsible for maintenance and operation of the sewer system as well as levy and collect charges to maintain such improvements, includes, but is not limited to, and may be generally described as follows: • Approximately 194,000 feet of main sewer lines consisting of the following: 0 28,868 linear feet (LF) of 6" sewer lines; 0 149,993 linear feet (LF) of 8" sewer lines; 0 4,204 linear feet (LF) of 10" sewer lines; 0 5,071 linear feet (LF) of 12" sewer lines; 0 1,254 linear feet (LF) of 15" sewer lines; 0 1,150 linear feet (LF) of 18" sewer lines; 0 805 linear feet (LF) of 21" sewer lines; and 0 2,655 linear feet (LF) of 24" sewer lines. • 880 Sewer Manholes • Four Lift/Pump station: 394 — 21 inch and 2,629 — 24 inch o Three (3) Beach restroom pumps o The Strand - 34th The specific plans and specifications for the city -owned sewer improvements are incorporated and contained in the sewer construction plans and specifications for the various sewer segments of the sewer system within the City of Hermosa Beach. These plans and specifications are voluminous and are not bound in this report but by this reference are incorporated and made a part of this report. The specific plans and specifications for the city -owned sewer improvements are on file in Public Works at the City. OPERATIONS, MAINTENANCE AND SERVICES The City of Hermosa Beach proposes to collect funds to cover the expenses for the overall operation, maintenance and servicing of the city -owned sewer system as well as funds that may be necessary to pay for capital outlay expenditures including repairs, rehabilitation or replacement of equipment or facilities. The following is a summary of the services and activities associated with the maintenance, operation, servicing and capital outlay expenditures for the City's sewer system. The frequency, extent and/or level of the services and activities identified below may be modified based on available funding and priorities as determined by the City: Preventive Maintenance One of the City's primary objectives for assuming responsibility and management of the operation and maintenance of the City's sewer system is to provide a cost-effective and efficient program that will ensure the integrity and long term stability of the sewer system. This is best accomplished by implementing preventive maintenance program that addresses the entire sewer system. This preventive maintenance should include, but is not limited to, regular inspection of the sewer manholes, pipes, siphons, pump stations an.d related facilities as well as regular cleaning, e Information from the City of Hermosa Beach Master Plan prepared by MBF Consulting. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 16 Attachment A PENCO Engineering, Inc. GO Eiipn"nng f'Inn—g Sunrpng "Client .Success is Our Succrs- i Work Scheduling - Field crew activities will be recorded and tract by the City utilizing various forms including, but not limited to service requests, cleaning reports, sewer maintenance daily reports, overflow reports forms, project work orders, etc. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 18 Attachment A PENCO Engineering, Inc. _ c,1r_n.6 ng, PLmn g tiun rpnR "Client Stirress is Our Sucrtm' PART C — CHARGE CALCULATION AND PROPOSED CHARGES The sewer service charge for 2015/2016 is being established by the City. The charge multiplied by the Equivalent Sewer Units assigned to each parcel will be the charge for each parcel. The Equivalent Sewer Unit (ESU) determination for each parcel is described below. LAND USE ESU Single Family 1.0 Condominiums 1.0 Multi Family 0.6 Sewage Generation Factors The City of Hermosa Beach updated their sanitary sewer master plan in April 2009 and again in March 2011, both were prepared by MBF Consulting. A numeric relationship between the various lots and parcels is necessary for the allocation of the costs of sewer maintenance among the lots and parcels. It is customary to relate the various land uses to the single family residential lot which is established as one Equivalent Sewage Unit (ESU), and all other lots and parcels are related proportionally to the single family residential lot. Based on sewage generation rates, a typical single family lot generates 260 gallons per day in Los Angeles County5. Therefore, for purposes of comparison of the various land uses for lots and parcels, 260 gallons per day is designated as the equivalent of 1 ESU. Non-residential Land Uses The ESU for various non-residential land uses is calculated by the following equation: ESU = [Commercial Water Consumption GPD]/260 GPD per SFRU Single family residential units will be charge at 1.0 ESU per parcel, the multi -family residential units will be charged at 0.6 ESU per parcel and condominiums at 1.0 ESU per parcel as they are similar to single family residents in use. For the non-residential, it was allocated by water consumption values for all of Hermosa Beach from information provided by California Water Services Company annually. Vacant parcels of any use are charged 0.5 ESU. 5 West Hollywood Sewer Charge Report. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 110 Attachment A PENCO Engineering, Inc. ti... cml Enp .—r nl! 1'Lmnmg - tillf\"tjlllg " ('liens Sucress is Our Sucre" This report and recommended charges complies with all five of these requirements. 1. Revenues generated by this charge will not exceed funds required to provide sewer services and shall not be used for any other purpose, besides what has been described herein. 2. The sewer charge is the proportional cost of provided service to the parcels in the City and the charge is for actual use or is immediately available to the property in question. Due to the number of parcels in the City of Hermosa Beach that will be subject to the Sewer Service Charge, the Parcel Charges (a listing of the Assessor's Parcel Numbers to be levied the proposed charge amounts) is not contained in this Report, but will be filed with the City Clerk in an electronic format prior to the public hearing regarding the levy and collection of the charges for Fiscal 2015/2016. The proposed Parcel Charge Roll, after being filed with the City Clerk, shall be available for public inspection in the City Clerk's Office during normal business office hours. However, the following tables provide a summary of the estimated ESUs by land use anticipated for Fiscal Year 2015/2016, per the County's assigned land use classification of each parcel within the City that was available at the time this Report was prepared. City of Hermosa Beach — Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 112 Attachment A PENCO Engineering, Ile. - Sunicu,c i --..('iienlSurcr.%%isOur .Surveoc" EXAMPLES OF ESUs BY LAND USE - Non -Residential Non -Residential Parcel Breakdown by Land Use UseCode UseCodeDesc Parcel Count Total ESU's 1100 Store, 1 Story 88 84.52 1102 Store, 2 Stories 2 6.61 1200 Store and Office, 15tory 18 52.71 1210 Store and Residence, 1 Story 30 45.38 1212 Store and Residence, 2 Stories 2 0.54 1340 Retail Warehouse, 1 Story 1 0.30 1400 Supermarket, 12000+ SgFt, 1 Story 1 3.08 1420 Supermarket, Under 6000 SgFt, 1 Story 2 0.32 1500 Shopping Center, Community, 1 Story 10 68.42 1700 Office Building, 1 Story 56 18.19 1702 lOfficeBuildin& 2 Stories 4 3.67 1703 Office Building, 3 Stories 5 12.86 1820 IMotel, 1-49 Rooms, 1 Story 3 13.68 1830 1 Motel, 50+ Rooms, 1 Story 3 66.78 1900 lProfessionalBuildin& 15tory 3 1.97 1902 Professional Building, 2 Stories 1 3.26 1910 Professional Building, Med/Dental, 1 Story 3 2.29 1920 Professional Building, Veterinary, 1 Story 1 0.39 2100 Restaurant, Lounge or Tavern, 15tory 26 43.71 2102 Restaurant, Lounge or Tavern, 2Stories 1 12.38 2110 Fast Food, Walk Up, 1 Story 2 6,79 2120 Fast Food, Auto Oriented, 1 Story 1 2.77 2300 Bank or Savings and Loan, 1 Story 3 0.98 2400 Service or Repair Shop, 1 Story 1 0.05 2500 Service Station, 1 Story 1 0.82 2600 Auto Body and Fender, 1 Story 25 10.40 2601 Auto Sales & Service 1 0.32 2620 New Car Sales and Service, l Story 2 0.83 2630 Car Wash, 1 Story 1 25.16 2700 Parking Lot, Patron/Employee, 1 Story 46 20.02 3100 Light Manufacturing, 1 Story 28 4.08 33SO Mini Public Storage, 1 Story 1 0.32 6400 Clubs, Lodge Halls, Fraternal Orgs, 1 Story 2 0.95 7100 IChurches, 1 Story 7 13.96 7200 Private Schools, 1 Story 4 4.14 7500 Home For Aged and Others, 1 Story 1 1.34 8800 lGovernment, Unassigned 52 16.69 100V Commercial, Unassigned, Vacant 30 15.00 110C Store, Condominium 4 0.24 17TO Commercial 1 2.36 270V iParking Lot, Vacant 1 0.50 300V Industrial, Vacant 3 1.50 880V 1 Government Owned, Vacant 5 2.50 :KXXX 1 Unclassified 203 1,343.63 Total Parcels 1 685 Total ESU's 1 1916,41 City of Hermosa Beach - Sewer Services Charge Engineer's Report Commencing Fiscal Year 2015/1016 114 Attachment A April 28, 2015 Submitted by: PENCO Engineering, Inc. PENCO Engineering, Inc. i. _ G,itEngineering Planning $une)ing "Client Success is Our Success" Attachment A SEMIANNUAL DEBT SERVICE - 2015 ISSUE City of Hermosa Beach 2015 Sewer Funding Project (20-Year Term w/$3M City Contribution) Date Principal Coupon Interest Semiannual Debt Service Fiscal Year Debt Service 09/01/15 03/01/16 102,150.00 102,150.00 09/01/16 145,000 4.50% 102,150.00 247,150.00 349,300.00 03/01/17 98,887.50 98,887.50 09/01/17 150,000 4.50% 98,887.50 248,887.50 347,775.00 03/01/18 95,512.50 95,512.50 09/01/18 160,000 4.50% 95,512.50 255,512.50 351,025.00 03/01/19 91,912.50 91,912.50 09/01/19 165,000 4.50% 91,912.50 256,912.50 348,825.00 03/01/20 88,200.00 88,200.00 09/01/20 175,000 4.50% 88,200.00 263,200.00 351,400.00 03/01/21 84,262.50 84,262.50 09/01/21 180,000 4.50% 84,262.50 264,262.50 348,525.00 03/01/22 80,212.50 80,212.50 09/01/22 190,000 4.50% 80,212.50 270,212.50 350,425.00 03/01/23 75,937.50 75,937.50 09/O1/23 195,000 4.50% 75,937.50 270,937.50 346,875.00 03/01/24 71,550.00 71,550.00 09/01/24 205,000 4.50% 71,550.00 276,550.00 348,100.00 03/01/25 66,937.50 66,937.50 09/01/25 215,000 4.50% 66,937.50 281,937.50 348,875.00 03/01/26 62,100.00 62,100.00 09/01/26 225,000 4.50% 62,100.00 287,100.00 349,200.00 03/01/27 57,037.50 57,037.50 09/01/27 235,000 4.50% 57,037.50 292,037.50 349,075.00 03/01/28 51,750.00 51,750.00 09/01/28 245,000 4.50% 51,750.00 296,750.00 348,500.00 03/01/29 46,237.50 46,237.50 09/01/29 255,000 4.50% 46,237.50 301,237.50 347,475.00 03/01/30 40,500.00 40,500.00 09/01/30 270,000 4.50% 40,500.00 310,500.00 351,000.00 03/01/31 34,425.00 34,425.00 09/01/31 280,000 4.50% 34,425.00 314,425.00 348,850.00 03/01/32 28,125.00 28,125.00 09/01/32 290,000 4.50% 28,125.00 318,125.00 346,250.00 03/01/33 21,600.00 21,600.00 09/01/33 305,000 4.50% 21,600.00 326,600.00 348,200.00 03/01/34 14,737.50 14,737.50 09/01/34 320,000 4.50% 14,737.50 334,737.50 349,475.00 03/01/35 7,537.50 7,537.50 09/01/35 335,000 4.50% 7,537.50 342,537.50 350,075.00 Total 4,540,000 2,439,225.00 6,979,225.00 6,979,225.00 N HA I ADVISORS Strategy Innovation. Solutions, 4/21/2015 Attachment A Page 2 COMBINED ANNUAL DEBT SERVICE City of Hermosa Beach 2015 Sewer Funding Project (20-Year Term w/$3M City Contribution) Date 2015Issue Debt Service 2018Issue Debt Service Combined Debt Service 09/01/15 09/01/16 349,300.00 349,300.00 09/01/17 347,775.00 347,775.00 09/01/18 351,025.00 351,025.00 09/01/19 348,825.00 382,175.00 731,000.00 09/01/20 351,400.00 385,025.00 736,425.00 09/01/21 348,525.00 382,325.00 730,850.00 09/01/22 350,425.00 384,350.00 734,775.00 09/01/23 346,875.00 385,825.00 732,700.00 09/01/24 348,100.00 381,750.00 729,850.00 09/01/25 348,875.00 382,400.00 731,275.00 09/01/26 349,200.00 382,500.00 731,700.00 09/01/27 349,075.00 382,050.00 731,125.00 09/01/28 348,500.00 386,050.00 734,550.00 09/01/29 347,475.00 384,225.00 731,700.00 09/01/30 351,000.00 381,850.00 732,850.00 09/01/31 348,850.00 383,925.00 732,775.00 09/01/32 346,250.00 385,175.00 731,425.00 09/01/33 348,200.00 385,600.00 733,800.00 09/01/34 349,475.00 385,200.00 734,675.00 09/01/35 350,075.00 383,975.00 734,050.00 09/01/36 381,925.00 381,925.00 09/01/37 384,050.00 384,050.00 09/01/38 385,075.00 385,075.00 Total 6,979,225.00 7,675,450.00 14,654,675.00 N H A I A D V I S O R S 4/21/2015 Attachment A Page 4 Strategy. Innovation. Solutions. SEMIANNUAL DEBT SERVICE - 2015 ISSUE City of Hermosa Beach 2015 Sewer Funding Project (30-Year Term w/$3M City Contribution) Semiannual Fiscal Year Date Principal Coupon Interest Debt Service Debt Service 09/01/15 03/01/16 123,750.00 123,750.00 09/01/16 60,000 5.50% 123,750.00 183,750.00 307,500.00 03/01/17 122,100.00 122,100.00 09/01/17 65,000 5.50% 122,100.00 187,100.00 309,200.00 03/01/18 120,312.50 120,312.50 09/01/18 70,000 5.50% 120,312.50 190,312.50 310,625.00 03/01/19 118,387.50 118,387.50 09/01/19 75,000 5.50% 118,387.50 193,387.50 311,775.00 03/01/20 116,325.00 116,325.00 09/01/20 80,000 5.50% 116,325.00 196,325.00 312,650.00 03/01/21 114,125.00 114,125.00 09/01/21 80,000 5.50% 114,125.00 194,125.00 308,250.00 03/01/22 111,925.00 111,925.00 09/01/22 85,000 5.50% 111,925.00 196,925.00 308,850.00 03/01/23 109,587.50 109,587.50 09/01/23 90,000 5.50% 109,587.50 199,587.50 309,175.00 03/01/24 107,112.50 107,112.50 09/01/24 95,000 5.50% 107,112.50 202,112.50 309,225.00 03/01/25 104,500.00 104,500.00 09/01/25 100,000 5.50% 104,500.00 204,500.00 309,000.00 03/01/26 101,750.00 101,750.00 09/01/26 105,000 5.50% 101,750.00 206,750.00 308,500.00 03/01/27 98,862.50 98,862.50 09/01/27 110,000 5.50% 98,862.50 208,862.50 307,725.00 03/01/28 95,837.50 95,837.50 09/01/28 120,000 5.50% 95,837.50 215,837.50 311,675.00 03/01/29 92,537.50 92,537.50 09/01/29 125,000 5.50% 92,537.50 217,537.50 310,075.00 03/01/30 89,100.00 89,100.00 09/01/30 130,000 5.50% 89,100.00 219,100.00 308,200.00 03/01/31 85,525.00 85,525.00 09/O1/31 140,000 5.50% 85,525.00 225,525.00 311,050.00 03/01/32 81,675.00 81,675.00 09/01/32 145,000 5.50% 81,675.00 226,675.00 308,350.00 03/01/33 77,687.50 77,687.50 09/01/33 155,000 5.50% 77,687.50 232,687.50 310,375.00 03/01/34 73,425.00 73,425.00 09/01/34 165,000 5.50% 73,425.00 238,425.00 311,850.00 03/01/35 68,887.50 68,887.50 09/01/35 170,000 5.50% 68,887.50 238,887.50 307,775.00 03/01/36 64,212.50 64,212.50 09/01/36 180,000 5.50% 64,212.50 244,212.50 308,425.00 03/01/37 59,262.50 59,262.50 09/01/37 190,000 5.50% 59,262.50 249,262.50 308,525.00 03/01/38 54,037.50 54,037.50 09/01/38 200,000 5.50% 54,037.50 254,037.50 308,075.00 N H A ADVISORS 4/21/2015 Attachment A Page 2 SEMIANNUAL DEBT SERVICE - 2018 ISSUE City of Hermosa Beach 2018 Sewer Funding Project (30-Year Term w/$3M City Contribution) Semiannual Fiscal Year Date Principal Coupon Interest Debt Service Debt Service 09/01/18 03/01/19 147,875.00 147,875.00 09/01/19 55,000 6.50% 147,875.00 202,875.00 350,750.00 03/01/20 146,087.50 146,087.50 09/01/20 55,000 6.50% 146,087.50 201,087.50 347,175.00 03/01/21 144,300.00 144,300.00 09/01/21 60,000 6.50% 144,300.00 204,300.00 348,600.00 03/01/22 142,350.00 142,350.00 09/01/22 65,000 6.50% 142,350.00 207,350.00 349,700.00 03/01/23 140,237.50 140,237.50 09/01/23 70,000 6.50% 140,237.50 210,237.50 350,475.00 03/01/24 137,962.50 137,962.50 09/01/24 70,000 6.50% 137,962.50 207,962.50 345,925.00 03/01/25 135,687.50 135,687.50 09/01/25 75,000 6.50% 135,687.50 210,687.50 346,375.00 03/01/26 133,250.00 133,250.00 09/01/26 80,000 6.50% 133,250.00 213,250.00 346,500.00 03/01/27 130,650.00 130,650.00 09/O1/27 85,000 6.50% 130,650.00 215,650.00 346,300.00 03/01/28 127,887.50 127,887.50 09/01/28 95,000 6.50% 127,887.50 222,887.50 350,775.00 03/01/29 124,800.00 124,800.00 09/01/29 100,000 6.50% 124,800.00 224,800.00 349,600.00 03/01/30 121,550.00 121,550.00 09/01/30 105,000 6.50% 121,550.00 226,550.00 348,100.00 03/01/31 118,137.50 118,137.50 09/01/31 110,000 6.50% 118,137.50 228,137.50 346,275.00 03/01/32 114,562.50 114,562.50 09/01/32 120,000 6.50% 114,562.50 234,562.50 349,125.00 03/01/33 110,662.50 110,662.50 09/01/33 125,000 6.50% 110,662.50 235,662.50 346,325.00 03/01/34 106,600.00 106,600.00 09/01/34 135,000 6.50% 106,600.00 241,600.00 348,200.00 03/01/35 102, 212.50 102, 212.50 09/01/35 145,000 6.50% 102,212.50 247,212.50 349,425.00 03/01/36 97,500.00 97,500.00 09/01/36 155,000 6.50% 97,500.00 252,500.00 350,000.00 03/01/37 92,462.50 92,462.50 09/01/37 165,000 6.50% 92,462.50 257,462.50 349,925.00 03/01/38 87,100.00 87,100.00 09/01/38 175,000 6.50% 87,100.00 262,100.00 349,200.00 03/01/39 81,412.50 81,412.50 09/01/39 185,000 6.50% 81,412.50 266,412.50 347,825.00 03/01/40 75,400.00 75,400.00 09/01/40 200,000 6.50% 75,400.00 275,400.00 350,800.00 03/01/41 68,900.00 68,900.00 09/01/41 210,000 6.50% 68,900.00 278,900.00 347,800.00 N H A I A D V I S O R S Strategy. Innovation. Solutions, 4/21/2015 Page 4 Attachment A g COMBINED ANNUAL DEBT SERVICE City of Hermosa Beach 2015 Sewer Funding Project (30-Year Term w/$3M City Contribution) Date 2015Issue Debt Service 2018Issue Debt Service Combined Debt Service 09/01/15 09/01/16 307,500.00 307,500.00 09/01/17 309,200.00 309,200.00 09/01/18 310,625.00 310,625.00 09/01/19 311,775.00 350,750.00 662,525.00 09/01/20 312,650.00 347,175.00 659,825.00 09/01/21 308,250.00 348,600.00 656,850.00 09/01/22 308,850.00 349,700.00 658,550.00 09/01/23 309,175.00 350,475.00 659,650.00 09/01/24 309,225.00 345,925.00 655,150.00 09/01/25 309,000.00 346,375.00 655,375.00 09/01/26 308,500.00 346,500.00 655,000.00 09/01/27 307,725.00 346,300.00 654,025.00 09/01/28 311,675.00 350,775.00 662,450.00 09/01/29 310,075.00 349,600.00 659,675.00 09/01/30 308,200.00 348,100.00 656,300.00 09/01/31 311,050.00 346,275.00 657,325.00 09/01/32 308,350.00 349,125.00 657,475.00 09/01/33 310,375.00 346,325.00 656,700.00 09/01/34 311,850.00 348,200.00 660,050.00 09/01/35 307,775.00 349,425.00 657,200.00 09/01/36 308,425.00 350,000.00 658,425.00 09/01/37 308,525.00 349,925.00 658,450.00 09/01/38 308,075.00 349,200.00 657,275.00 09/01/39 312,075.00 347,825.00 659,900.00 09/01/40 310,250.00 350,800.00 661,050.00 09/01/41 307,875.00 347,800.00 655,675.00 09/01/42 309,950.00 349,150.00 659,100.00 09/01/43 311,200.00 349,525.00 660,725.00 09/01/44 311,625.00 348,925.00 660,550.00 09/01/45 311,225.00 347,350.00 658,575.00 09/01/46 349,800.00 349,800.00 09/01/47 345,950.00 345,950.00 09/01/48 346,125.00 346,125.00 Total 9,291,050.00 10,452,000.00 19, 743,050.00 N H A I A D V I S O R S 4/21/2015 Page 6 Strategy. Innovation, Solutions Attachment A g STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF HERMOSA BEACH I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do hereby certify that the foregoing Resolution No. 15-6954 was duly and regularly passed, approved and adopted by the City Council of the City of Hermosa Beach at a Regular Meeting of said Council at the regular place thereof on April 28, 2015. The vote was as follows: AYES: Barragan, DiVirgilio, Petty, Mayor Tucker NOES: Fangary ABSTAIN: None ABSENT: None Dated April 28, 2015 Elaine Doerfling, City Cler