Can the EPA’s Water Infrastructure Finance and Innovation Act’s Annual $6B Budget Help Finance SAM’s Infrastructure with Low Interest, Long Term Loans without out Burdening the Rate Payers?

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VIDEO. From the Sewer Authority Mid-Coastside (SAM) meeting on Monday, May 13th, 2024 at 7:00pm, as a hybrid meeting.

SAM’s Lead Operator, Aaron Gilbert, reports back from a recently attended 2024 CWEA (California Water Environment Association) Annual Conference.

 

 

WIFIA: Water Infrastructure Finance and Innovation Act – A branch of the EPA

  • Government bank at the federal level with low level, long term, flexible financing
  • Every year they receive $6 billion for additional financing
  • Funds public, private, JPAs, Special Districts, etc.
  • Can fund water infrastructure projects
  • Typical limits:
    • 49% total cost for larger agencies and 80% for smaller
    • $20M min for large agencies and $5M for small

Overall Suggestion:

  • Go for the free money (grants, etc.), but if you can’t find it, WIFIA can help with less money spent on loans, and locked in interest rates.

 

Case Study: East County Advanced Water Purification, CA – JPA

  • $388M WIFIA loan helped to finance a $791 infrastructure investment
    • 49% of the total dollar amount loaned is with WIFIA
    • creates 2500 jobs
  • Creates a new local sustainable drinking water source
  • Treats East County’s wastewater for reuse by producing purified water that is sent to Lake Jennings Reservoir, the local drinking water supply
  • Treats up to 16 MGD of wastewater and produces purified water to meet up to 30 percent of East County’s drinking water demand
  • Total savings to EC from the WIFIA loan was over $200 million

 


 

More on SAM on Coastside Buzz

 


 

Sewer Authority Mid-Coastside (SAM) Meetings ~ 2nd & 4th Mondays @ 7:00pm

 

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Contact Us

Our regular office hours are 7:00 a.m. through 4:00 p.m., Monday through Friday, excluding holidays. The Authority can be reached 24-hours a day at:

(650) 726-0124

 

Our Address is:

Sewer Authority Mid-Coastside
1000 Cabrillo Hwy N.
Half Moon Bay,  CA  94019

(650) 726-7833 (fax)

 

The Sewer Authority Mid-Coastside (SAM) provides wastewater treatment services and contract collection maintenance services for a population of approximately 24,000 in the following areas:

  • City of Half Moon Bay
  • El Granada
  • Miramar
  • Montara
  • Moss Beach
  • Princeton by the Sea

 


 

SAM Directors

SAM is a joint powers authority (JPA) created by its three member agencies: City of Half Moon Bay (City), Granada Community Services District (GCSD), and the Montara Water and Sanitary District (MWSD).

 

The JPA is a separate, independent, public agency created by the member agencies to perform functions and share powers common to the member agencies. Those powers are outlined in a joint exercise of powers agreement (Agreement). The Agreement creating SAM can be found on the Documents page.

 

Each Agreement identifies how the independent agency will be governed. In the case of SAM, each member agency appoints two members from its governing board to represent it on the SAM Board of Directors, for a total of six directors.

 

The Agreement also establishes the weight of each director’s vote. The vote by each representatives from the City is given the weight of two votes. The vote by each representative from GCSD and MWSD is given the weight of one vote. The total number of possible votes is eight. A quorum is a minimum of five votes and resolutions require at least six votes to pass.

 

2024 SAM Directors

Board SecretaryRepresenting the Montara Water & Sanitary District
ChairRepresenting the Granada Community Services District
DirectorRepresenting the City of Half Moon Bay
DirectorRepresenting the City of Half Moon Bay
Treasurer, Representing the Montara Water & Sanitary District
DirectorRepresenting the Granada Community Services District

 

 

Coastside Buzz
Author: Coastside Buzz

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