Englewood Utilities outlines financial strategy for $30M lead program funding

In a recent meeting of the Englewood Water and Sewer Board, held on May 13, 2025, city officials discussed critical financial strategies aimed at ensuring the long-term sustainability of the city's water and wastewater systems. The meeting highlighted the importance of aligning financial resources with operational needs, particularly in light of past underinvestment in these essential services.

Peter, a city representative, introduced financial modeling consultant Carol Moleski from Stantec, who has been collaborating with the city since 2019. Moleski's work has been pivotal in developing a comprehensive financial plan that addresses the city's water and sewer utilities. The discussions emphasized the necessity of a long-term financial strategy, moving beyond a year-to-year budgeting approach that had previously hindered effective planning.

A significant focus of the meeting was the city's ongoing efforts to address an estimated $30 million lead replacement program, which had initially been projected at $80 million due to a lack of funding. Through strategic financial planning, including securing low-interest loans and grants, the city has managed to accelerate the timeline for this critical infrastructure project. The recent closure of WIFIA loans and the acquisition of $10 million in grant funding from the bipartisan infrastructure law were highlighted as key achievements that will allow the city to replace lead lines more efficiently.

The board also discussed the adjustments made to water and sewer rates, which are essential for funding ongoing projects and maintaining service quality. New fees and updated connection charges were introduced to ensure that new developments contribute fairly to the city's existing water rights portfolio, valued at approximately half a billion dollars. This approach aims to distribute the financial burden of infrastructure costs across current and future users, ensuring that today's customers are not solely responsible for funding long-lasting systems.

As the meeting concluded, the board expressed a commitment to transparency and community engagement, inviting questions from attendees about the financial strategies discussed. The ongoing collaboration between city officials and financial consultants is expected to play a crucial role in navigating the complexities of water and sewer management in Englewood, ultimately benefiting residents through improved service and infrastructure.

Looking ahead, the board's proactive measures and strategic financial planning are set to enhance the resilience of Englewood's water and sewer systems, addressing both current needs and future challenges.