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Edgewater staff says wastewater expansion could cost $100M; city may be liable for roughly $32M
Summary
Staff told the advisory board the planned wastewater treatment expansion is estimated at about $100 million and that the citys share after impact and connection fees could be roughly $32 million, requiring phased bonding and impact‑fee revenue to fund the first expansion.
City staff told the Economic Development Advisory Board that the wastewater treatment plant will need a significant expansion to serve entitled projects citywide, with a total cost estimate of about $100 million and the city's share estimated at roughly $32 million after impact and connection fees.
"It's expect to cost the city around a $100,000,000. The city anticipates it'll need to pay for approximately 32,000,000 of that 100,000,000 after impact fees and connection fees," Ryan, the development services director, said. He added that the city plans to phase expansion work and likely bond for an initial increment (staff suggested an initial bond on the order of $12.5 million to fund the first phase).
Board members asked whether moratoria would affect the revenue stream needed to support bonding; staff warned that if development slows substantially, the city may face tighter financing conditions later. Staff noted that many entitled projects are in the pipeline (roughly 11,400 entitled units citywide, with about 8,600 tied to Deering Park), and that the buildout pace of those projects will determine when bonding will be needed.
