BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Receive an Update on the Pure Water Silicon Valley Project and Adopt a Resolution Authorizing the Execution and Delivery of Agreement Relating to the Proposed San Jose Purified Water Project and Certain Acts in Connection Therewith.
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RECOMMENDATION: Recommendation
Receive an update on the Pure Water Silicon Valley Project and Adopt the Resolution AUTHORIZING THE EXECUTION AND DELIVERY OF AGREEMENT RELATING TO THE PROPOSED SAN JOSE PURIFIED WATER PROJECT AND CERTAIN ACTS IN CONNECTION THEREWITH.
Body
SUMMARY:
Background
Santa Clara Valley Water District (Valley Water) is currently working towards a Direct Potable Reuse (DPR) facility on San Jos?-Santa Clara Regional Wastewater Facility (RWF) property adjacent to the Silicon Valley Advanced Water Purification Center (SVAWPC). Ahead of that full-scale DPR project, Valley Water will develop a DPR pilot facility and learning center (DPR Demonstration Facility) on an expanded footprint consisting of property on and adjacent to the existing site being leased from the City of San Jos?. The Pure Water Silicon Valley (PWSV), also known as the San Jos? Purified Water Project (SJPWP), has been added to Valley Water's Capital Improvement Program and rate projections (the "Project").
Using source water provided by the RWF, Valley Water intends to deliver up to 24,000 acre-feet per year (AFY) of purified water from the PWSV to its customers. Valley Water's customers include both public and private retailers. Since Valley Water's PWSV will rely on source water from the RWF, the City of San Jos? asked questions relating to any impact of the PWSV's operation on the tax-exempt status of the debt issued for the RWF. Valley Water has concerns related to the cost implications if tax-exempt financing cannot be utilized for the Project. To address these concerns, staff collabo...
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