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Committee updates: SST bond program and WRF/wastewater capital spending
Summary
Staff briefed the committee on the $12.1M SST (energy‑conservation) program financed by bond proceeds, ongoing WRF construction activity and related ECMs, and wastewater capital spending drawn from loan proceeds.
Staff described the SST (Sustainable Solutions Turnkey) program, a large PG&E‑facilitated package of energy conservation measures totaling approximately $12.1 million. Under the SST arrangement, contractors manage construction and the district's ECMs are being implemented; staff said many ECMs are complete and the program has yielded operational benefits for the wastewater treatment plant.
Committee members discussed the bond financing used to fund SST and the way loan proceeds are held and drawn from an account (Bank of New York Mellon) as projects incur expenses. Staff reported about $131,000 in interest earned on bond funds so far and said that SST draws and contingency movements will be reconciled before final budget entries are closed.
Wastewater capital spending included $5.2 million in expenditures this year tied to the WSST project and related upgrades; staff said contingency and project realignment have required internal budget transfers but overall the SST project remains within its $12.1M envelope.
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