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Finance committee approves support for regional PFAS treatment; staff warns of an estimated 2% water-rate impact
Summary
Assistant City Manager Damon De Quain briefed the committee on the city's participation in Piedmont Triad Regional Water Authority's PFAS advanced-treatment project, estimating the city's share at about $16 million and saying staff expects roughly a 2% increase to water and sewer rates pending final bond terms.
Assistant City Manager Damon De Quain told the finance committee that the Piedmont Triad Regional Water Authority is undertaking two major projects: a capacity addition of 12 million gallons per day (in which the city is not participating) and an advanced-treatment project to address PFAS contaminants. "We're the second largest partner, at approximately 19%," De Quain said, estimating the city's portion of the PFAS project at roughly $16,000,000.
De Quain told members staff expects the budget impact to be "approximately a 2% increase to the water and sewer rate," but emphasized the figures are estimates and that staff will return with final numbers when bonds are issued. "These are still estimated numbers," he said, noting the 2% figure would be intended to build capital to cover the roughly $1,000,000 per year in debt service the city anticipates.
Councilman Andrews said the expense is a compliance cost the city "has to do" and asked whether the 2% figure is a one-time increase or year-over-year. De Quain replied that numbers will be tied to bond issuance and that staff will evaluate and present final impacts during the budget process.
The committee moved and approved resolutions supporting the financing for the PTRWA project and the city's participation in the PFAS advanced-treatment work.
