HomeMy WebLinkAbout9-14-26 WT2103 LCWA SRF Agreement PresentationLCWA Watermain Lining
(CIP WT2103)
DWSRF Loan Agreement
CITY OF SEAL BEACH
September 14, 2026
WHAT TO EXPECT
•Project Recap
•DWSRF Loan & Key Terms
•Project Budget & Loan Amount
PROJECT OVERVIEW
•Rehabilitates an aging 18-inch transmission main through the Los Cerritos
Wetlands that provides critical system redundancy and has a history of main
breaks.
•Uses trenchless relining technology to minimize disturbance within an
environmentally sensitive and culturally significant area.
•Construction coordinated with the concurrent LCWA wetlands restoration
project.
•Construction contract awarded to T.E. Roberts, Inc. on June 22, 2026.
•Pre-mobilization, submittals, and permitting underway; Fall 2026 mobilization.
PROJECT LOCATION
TIMELINE
Preliminary
design started
in 2020
Geotechnical
CDP started in
2021
Environmental
Document +
Permitting
started in 2022.
CDP issued in
2025
SRF Loan
application
started in 2022.
Rate approval
in 2025. NTP in
2026
Updated
design in 2026
for
construction
March 18 to
May 21, 2026
Public Bidding
Period
June 2026
Bid Review +
Council Award
July 2026
Submittals &
Permitting
Late Early Fall
Mobilization
70 Working
Days
We Are Here:
SRF Financing
Agreement
•Initial Application: 2022
•Administered By: State Water Resources Control Board
•Purpose: Favorable financing for eligible drinking-water
infrastructure
•Agreement: No. D2502060
DWSRF FINANCING AGREEMENT
Financing Term Provisions
Initial Amount $3,175,000
Interest Rate 2.1%
Repayment Term 30 years
Repayment Source Water Enterprise Fund revenues
Disbursement Method Reimbursement of eligible project expenditures
Repayment
Annual interest payments during construction and until one year after
project completion; principal and interest payments begin one year after
completion.
Prepayment Prepayment requires prior written consent from the Water Board.
Administrative Service
Charge/Drinking Water Small
Community Emergency Grant
Fund Charge
If applicable, charged in lieu of, and not in addition to, the stated interest
obligation, as provided in the Agreement.
PROJECT BUDGET & FUNDING
Description Amount
CONSTRUCTION COST
Construction Support $234,976
Construction + Contingency 3,530,435
TOTAL Construction Cost $3,765,411
LOAN AGREEMENT
Loan Agreement $3,175,000
Final Budget Approval (FBA) Request $590,411
TOTAL Not-to-Exceed Financing $3,765,411
RECOMMENDATIONS
1.Approving the California State Water Resources Control Board Agreement No. D2502060 in
the amount of $3,175,000 for the LCWA Watermain Lining – Trenchless Technology
Improvements, CIP WT2103; and,
2.Approving an increase to the loan amount up to $3,765,411 if approved by the Water Board;
and,
3.Authorizing the City Manager to execute the Agreement; accept, receive, and utilize the
Agreement funding on behalf of the City; and submit a Final Budget Approval to the Water
Board requesting an increase the total financing amount to $3,765,411.
THANK YOU!