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District outlines $72M Tahoe Cedars and $9M Madden Creek water reconstruction plans; no vote today
Summary
Staff briefed the board on a long-term funding and financing strategy for two major water-system reconstructions: Tahoe Cedars (current estimate $72,000,000) and Madden Creek phase 4 (estimated $9,000,000), described likely financing sources and timing, and said no board action was requested at this meeting.
Staff presented an informational update on the district’s long-term water-infrastructure financing strategy for two reconstruction projects.
The presentation identified the Tahoe Cedars reconstruction as the larger project, now estimated at $72,000,000 in current dollars, and Madden Creek phase 4 at about $9,000,000. Staff listed likely funding sources — the State Revolving Fund (SRF), federal WIFIA loans, USDA rural development loans, and potential congressional-directed (earmark) grants — and said staff would prioritize SRF funding where possible for lower interest rates.
"For Tahoe Cedars water system reconstruction project, it is, it is estimated at $72,000,000," staff said during the briefing. Project facts shared with the board included an anticipated roughly 15 miles of new public pipeline, an estimated ~100 new fire hydrants, and over 1,200 new service extensions and meters. Staff also showed that the district’s current long-term financial plan assumes an annual debt-service impact in the neighborhood of $3.9 million (30-year basis) under present assumptions.
No action was requested at the meeting; staff signaled they will return with specific financing documents and recommended next steps (JPA, reimbursement resolution, rating engagement) in the coming months.
