Englewood plans $80M sewer project amid rising costs and future debt forecasts

Englewood City officials have outlined a strategic financial plan for the Water and Sewer Board during a recent meeting, emphasizing a stable future through planned rate increases and capital investments. The board anticipates a 4.5% annual rate increase for both water and sewer services, which is expected to support ongoing projects and maintain financial stability.

Key discussions highlighted the importance of funding for the South Platte Renew (SPR) capital projects, with an estimated investment of $80 million planned over the next five years. This figure is projected to double to $160 million in the following five years due to regulatory requirements and aging infrastructure. City officials stressed the need for long-term financial planning to accommodate these future costs, including potential debt issuance.

The meeting also addressed the sewer fund's financial assumptions, noting that while the current operating reserve target is set at $1 million, there is a push to increase this to cover six months of operating expenses by fiscal year 2028. This adjustment reflects a commitment to sound financial management practices.

Additionally, the board discussed the implications of rates for outside city customers, who may pose a risk to the city's wastewater flow if they choose to divert their services elsewhere. The rates for these customers are structured to reflect the city's investment in infrastructure.

Overall, the meeting underscored the city's proactive approach to managing its water and sewer services, ensuring that necessary funding and resources are in place to meet future demands and maintain service quality for residents. As the city moves forward, officials are focused on implementing these financial strategies to safeguard the community's water and sewer systems.