Loading...
Alderwood Water & Wastewater District Interlocal Agreement for Water SupplyL)rIFUGINAL WHOLESALE WATER SUPPLY AGREEMENT Between Alderwood Water & Wastewater District and City of Edmonds Table of Contents SECTIONI. - WATER SUPPLY........................................................................................... 2 SECTIONII. - DEFINITIONS.............................................................................................. 3 SECTION III. - FUTURE FACILITY ACQUISITIONS.................................................. 5 SECTION IV. - CONTINUITY OF SERVICE.................................................................... 7 SECTION V. - OPERATIONAL EFFICIENCY................................................................. 8 SECTION VI. - WHOLESALE COMMITTEE.................................................................. 9 SECTION VII. - MASTER METER................................................................................... 10 SECTIONVIII. - AREA OF USE........................................................................................ 11 SECTION IX. - WATER QUALITY................................................................................... 11 SECTION X. - SUPPLY TO DISTRICT -OWNED SERVICES TRANSMITTED THROUGH CUSTOMER MAINS............................................................ 11 SECTION XI. - WHOLESALE WATER RATE............................................................... 12 SECTION XII. - BILLING & PAYMENT......................................................................... 16 SECTION XIII. - TERM & EXPIRATION....................................................................... 16 SECTION XIV. - NOTICE OF NEGOTIATION............................................................. 17 SECTION XV. - FORCE MAJEURE AND CHANGES IN LAW .................................. 17 SECTION XVI. - LEGAL RELATIONS............................................................................ 17 SECTION XVII. - DISPUTE RESOLUTION................................................................... 18 SECTION XVIII. - GOVERNING LAW AND VENUE .................................................. 19 SECTION IXX. - NO THIRD PARTY BENEFICIARIES .............................................. 19 SECTION XX. - LIMITATION ON DAMAGES.............................................................. 19 SECTION XXI. - GENERAL PROVISIONS.................................................................... 19 EXHIBIT A - QUANTITY OF WATER TO BE PURCHASED ................................... 23 EXHIBIT B - WHOLESALE FACILITIES..................................................................... 24 EXHIBIT C - REGIONAL FACILITIES......................................................................... 25 EXHIBIT D - CUSTOMERS WATER SERVICE AGREEMENT TO OTHER SUPPLIERS................................................................................................ 26 EXHIBIT E - MASTER METER LOCATION............................................................... 27 8'A-/o LIN= WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 1 I AGREEMENT BETWEEN 2 ALDERWOOD WATER & WASTEWATER DISTRICT 3 AND CITY OF EDMONDS 4 FOR WATER SUPPLY 5 6 This Wholesale Water Supply Agreement ("Agreement") between the ALDERWOOD 7 WATER & WASTEWATER DISTRICT, a special purpose municipal corporation (the 8 "District,") and CITY OF EDMONDS (the "Customer") (individually a "Party" and collectively 9 the "Parties") for the purposes set forth herein. 10 11 WHEREAS, the District and the Customer are each authorized under the law of the 12 State of Washington to supply potable water to their retail customers and to enter into 13 wholesale contracts for the purchase and sale of wholesale water supply; and 14 15 WHEREAS, the District and the Customer desire to enter into an agreement wherein 16 the District sells wholesale water to the Customer at a wholesale water rate that will adequately 17 compensate the District for those current and future costs attributable to supplying wholesale 18 water to the Customer; 19 20 NOW, THEREFORE, The District and the Customer agree as follows: 21 22 SECTION I. - WATER SUPPLY 23 24 The District agrees to sell to the Customer and the Customer agrees to purchase from 25 the District up to the daily quantity of water shown in Exhibit "A" according to the terms and 26 conditions of this Agreement. The water shall be delivered to a Master Meter at a point in or 27 immediately adjacent to a site as depicted on Exhibit B and E. The District shall be the 28 Customer's primary source of water; provided that the Customer may use any existing 29 alternate source connections and re -use water as sources of water supply. 30 31 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 2 32 SECTION II. - DEFINITIONS 33 34 As used in this Agreement, unless the context clearly indicates otherwise, the 35 following words and phrases shall mean: 36 "Administrative Time" means the District's administrative costs incurred to 37 maintain, operate and repair the Wholesale Facilities. 38 Cubic Foot" means a unit of measurement of water equal to 7.48 gallons. The term "CCF" 39 shall mean 100 cubic feet of water. 40 "Distribution Main means any water main owned and operated by either the District or by the 41 Customer as part of its Retail Water System. 42 "District Peak Day Water" means the 24-hour maximum usage day measured in million 43 gallons pumped from the Everett System through the three pump stations operated by the 44 District. 45 "Everett Supply Contract" means the current agreement between the City of Everett and the 46 District for water supply, dated January 28, 2005, and any future amendments thereof. 47 Master Meter" means the measuring device installed to measure the volume of water 48 supplied to the Customer by the District. 49 "Peak Day Water" means the 24-hour maximum usage day measured in million gallons 50 during a calendar year. 51 "Regional Facilities" means District assets as identified on Exhibit C that are necessary to 52 provide service to all District retail and wholesale customers. 53 "Retail Water System means that system owned and operated by the District or by the 54 Customer composed of Distribution Mains and appurtenances used for receiving a supply of 55 water and distributing it directly to the District's or the Customer's retail customers. 56 "Service Connections means those separate connections between a Retail Water System 57 and a retail customer. 58 Service Meters means the meter or measuring device installed on a service line or Service 59 Connection for the purpose of measuring the volume of water supplied to a retail customer. 60 "Terminal Storage Reservoir" means a storage reservoir used primarily to provide 61 reserves against transmission failure from the supply, supply or pumping failure, pump control 62 storage to balance and economically operate the supply pumps and which permits a reduced 63 sizing in the supply transmission and pumping system to the terminal storage reservoirs. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 3 64 Transmission Maine means a pipe owned and operated by the District primarily used for 65 carrying water from a source (currently the Everett Water System) to a Retail Water System that 66 normally has limited or no Service Connections. 67 "Wholesale Customer" means a customer who purchases water from the District 68 according to the terms and conditions of this Agreement or an agreement with substantially 69 similar terms and conditions, delivered through the Wholesale Facilities. 70 "Wholesale Facilities" means current assets, identified on Exhibit B, and future assets 71 hereafter added to an amended Exhibit B, owned and operated by the District that are necessary 72 to supply water to the Wholesale Customers in this Agreement. These Wholesale Facilities may 73 also be part of the Regional Facilities. 74 "Wholesale Water Cost" means all of the costs incurred by the District to supply water to 75 Wholesale Customers, including 76 (1) The cost of purchased water, which is the annual amount (U.S dollars) paid by the 77 District for water supplied to the Wholesale Customers under either the Everett 78 Supply Contract or any other agreement for the purchase of water to supply the 79 Wholesale Customers. 80 (2) Maintenance and operation costs ("Wholesale M&O costs"), which are costs 81 incurred by the District to maintain, operate and repair the Wholesale Facilities, 82 including Administrative Time, cost of materials and supplies, and the full cost of 83 labor attributable to serving the Wholesale Customers. 84 (3) "Power Costs," which are the electrical and other fuel charges associated with 85 operating the Wholesale Facilities. 86 (4) "Existing Wholesale Debt," (Principal + Interest) which is the existing bonded 87 debt service and debt obligations of the District attributable to serving the 88 Wholesale Customers, including principal and interest payments. 89 (5) "Future Wholesale Debt Service," (Principal + Interest), which is future debt 90 issued by the District to finance capital improvements and infrastructure, 91 attributable to serving the Wholesale Customers, including principal and interest 92 payments. 93 (6) "Cash (Rate) Funded Wholesale Facility Improvements," ("CFI") which is that 94 revenue component of the Wholesale Water Rate used, in whole or in part, to cash WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 4 95 fund Wholesale Facilities. 96 (7) "Other Program Funding," which includes costs incurred by the District that 97 benefit Wholesale Customers but are not otherwise included in the Wholesale 98 Water Rate. 99 (8) "Quantity of Water Supplied," which is the prior year's total of water supplied to 100 the Wholesale Customers (CCF) as measured by all Master Meters, plus or minus 101 any adjustments for individual services of the Customer or District connected 102 upstream or downstream, respectively, of the Master Meters. 103 (9) "District Finance Option," which is a revenue component of the Wholesale Water 104 Rate used in whole or in part to fund capital improvements where bonds or CFI 105 are impractical or are not available. 106 "Wholesale Water Rate" means the cost of water to the Wholesale Customer in dollars 107 per hundred cubic feet (CCF). 108 "Wholesale Water System" includes the Wholesale Facilities and the Retail Water 109 System of any Wholesale Customer and of the District. 110 111 SECTION III. - FUTURE FACILITY ACQUISITIONS 112 113 The Customer and the District agree that at such times in the future that the Customer 114 extends its corporate boundaries to include parts of the District's service area, the Parties will 115 benefit from having a process in place to determine what will become the property of the 116 Customer and what will remain the property of the District. Recognizing that Chapter 35.13A 117 RCW is the governing basis for such a process, the fact that the District provides service to seven 118 cities and the county's unincorporated area adds complexity to the process which requires more 119 process detail to insure that both the Customer and the District can fulfill their respective 120 obligations for service. Therefore, the following process shall define the requirements and 121 responsibilities of each party. 122 The Parties agree that the facilities and infrastructure that are necessary for supporting the 123 District's regional customers ("Regional Facilities") are identified herein. In areas proposed for 124 annexation, where the potential exists for the transfer of ownership of any portion of the 125 Regional Facilities, it is agreed that the Regional Facilities shall remain in the ownership and WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 5 126 control of the District. Nothing herein shall be interpreted to waive any right or obligation under 127 Washington law as the same exists or shall hereinafter be created. 128 If the Customer initiates the process to consider annexation of additional areas that are 129 located within the District, the Customer will notify the District in writing of its intent. After 130 receiving Customer's notice of intent to annex, representatives of the Customer and the District 131 shall meet at a mutually agreeable time and place to review the proposed annexation area with 132 regard to its potential impact on water and sewer service. Discussions between the Customer and 133 the District shall include a preliminary assessment of service continuing with the District and/or 134 the potential of facility transfer to the Customer. The preliminary assessment should include a 135 review of the extent of modifications that would be required to transfer the utilities to the 136 Customer, including the possibility for relocation of master meters and realignment of existing 137 distribution utilities. 138 Within 30 days following the initial meetings and completion of the preliminary 139 assessment of utility options, the Customer agrees to notify the District in writing of its intent 140 regarding which Party should be the service provider to the proposed annexation area. 141 If the Customer provides notice of its intent to further consider Customer ownership of 142 certain utilities owned by the District within the proposed annexation area, the Customer and the 143 District may agree to participate in a more detailed study in order to determine the extent of 144 facility modifications and costs impacts associated with the transfer of the utilities in the annexed 145 areas. The cost of any such study shall be split equally between the Parties. 146 After the Parties' review and analysis of the additional data provided by the detailed 147 study, if the Customer notifies the District in writing of its decision to assume ownership of the 148 utilities, a plan will be developed jointly for defining the steps necessary to complete the transfer 149 of ownership. The plan will include design and specifications for any required infrastructure 150 improvements, transfer of accounts, and final agreements on costs involved including costs 151 related to outstanding bond indebtedness. The costs associated with the preparation of this plan 152 shall be split equally between the Parties. 153 Once the plan (including the allocation of construction costs between the Parties) has 154 been agreed to by the Customer and the District, the District will prepare the final contract plans 155 and specifications for the required improvements, and will administer the contract for the 156 construction. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 6 157 Upon completion of the required improvements and payment to the District of agreed 158 costs associated with the assumption of the utilities, including all associated construction costs, 159 the District will transfer accounts, assign any existing easements, and provide the necessary bills 160 of sale for the transferred utilities. 161 The parties agree that the contract may be reopened if the assumption will affect rates. If 162 the process leads to facility assumption, the parties agree that the District would be provided 163 three (3) years to make the changes necessary to allow for transitional impact adjustments by the 164 District. 165 In the event the Parties are not able to agree on the plan, the amounts to be paid by the 166 Customer for the transfer of facilities, or any other disputes relating to the Customer's 167 acquisition of the District's facilities, the matter shall be referred to mediation for resolution in 168 accordance with Section XVII (Dispute Resolution). If the matter is not resolved through 169 mediation, the Parties shall proceed in accordance with the dispute resolution procedures set 170 forth in Section XVII. 171 172 SECTION IV. - CONTINUITY OF SERVICE 173 174 Except as otherwise provided, the District's supply of water to the Customer shall be 175 continuous. In the event of a general emergency or water shortage affecting the District, the 176 District and the Customer shall implement necessary water conservation measures. Because 177 the District and the Customer have critical customers, the District shall consult with the 178 Customer regarding water allocations. General restrictions placed upon deliveries to the 179 Customer shall be made according to the District's most recent Emergency/Drought 180 Response Plan. In the event of localized emergency problems, temporary service 181 interruptions may result. 182 The District may have to implement emergency Wholesale Water System 183 conservation measures to meet an emergency condition. The Customer shall assist and 184 support such emergency conservation measures. 185 If the District determines that interruptions and reductions are necessary or reasonable in 186 case of system emergencies, the District shall provide oral notice to the Customer and may 187 temporarily interrupt or reduce deliveries of water to the Customer. Except in cases of WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 7 188 emergency, and to avoid unreasonable interference with the Customer's operations, the District 189 shall give the Customer at least fourteen (14) calendar days notice of any proposed interruptions 190 or reduction in service, the reason therefore, and the probable duration thereof, including any 191 interruptions or reduction in services that will be caused by the installation of equipment, repairs, 192 replacements, investigations, inspections or other maintenance performed by the District on its 193 water system or those parts of the system supplying the Customer. 194 The City of Everett currently holds water rights regulated by the State Department 195 of Ecology and an approved Water System Plan regulated by the State Department of 196 Health that enables the City of Everett to perform the Everett Supply Contract. Said water 197 rights and plan currently authorize the District to supply City of Everett water to Customer 198 under this Agreement and consistent with the terms of the Everett Supply Contract. 199 Customer acknowledges and agrees that any interruption or restriction of said authorization 200 could result in the curtailment, interruption or reduction in the District's service to 201 Customer, the declaration of an emergency, or other measures reasonable under the 202 circumstances. 203 In the event of any of the foregoing or otherwise, the District shall have no 204 obligation whatsoever to obtain and furnish a substitute supply of water and Customer may 205 obtain and use any alternate lawful source of water supply including re -use water as 206 substitute water supply. The District shall cooperate with the Customer and use its best 207 efforts to assist Customer in obtaining an alternative source(s) of water supply. Nothing 208 herein shall be interpreted to waive any right or obligation under Washington law as the 209 same exists or shall hereinafter be created. 210 211 SECTION V. - OPERATIONAL EFFICIENCY 212 213 The Everett Supply Contract includes a rate component of peak to average day flow 214 that affects the District and the Customer. Therefore, as a material element of this 215 Agreement, the Customer shall track during the high water demand period June through 216 August the operational control components of its Retail Water System, including, at a 217 minimum, reservoir storage capacity and flow controls, and provide the data collected to 218 the District in accordance with procedures and on a schedule as established by the WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 8 219 Wholesale Committee. 220 221 SECTION VI. - WHOLESALE COMMITTEE 222 223 The District shall establish and staff, and the Customer shall participate in, a wholesale 224 committee ("Wholesale Committee") composed of the District and each Wholesale Customer. 225 Each Wholesale Customer shall designate in writing a representative to serve on the Wholesale 226 Committee. A representative may be replaced by a written designation of the committee 227 member. The Wholesale Committee shall have the powers and authority as set forth below: 228 1. Advisory Powers and Authority. The Wholesale Committee shall review and advise 229 the District on the following topics or issues: 230 a. Proposed wholesale rate changes, including Administrative Time; 231 b. Proposed multi -year wholesale capital improvement plans; 232 c. Coordination with the District on day-to-day operations relating to high water 233 demand; 234 d. Proposed bond issues for wholesale system capital improvements; 235 e. Changes in District standards that would apply to wholesale improvements; 236 f. Proposed modifications to the Everett Supply Contract; 237 g. Proposed regulatory changes that could potentially impact wholesale customers; 238 h. Day-to-day operational issues and coordination efforts; and 239 i. District Finance Option 240 241 2. Approval Powers and Authority. The Wholesale Committee shall review and approve 242 of the following topics: 243 a. The District's Emergency/Drought Response Plan; 244 b. Limits on cash funded wholesale system capital improvements; and 245 c. "Other Program Funding" as defined and used in this Agreement. 246 Approval will require a majority vote of the Wholesale Customers plus District. 247 The Wholesale Committee shall meet annually by the 15t' of March to review the 248 proposed wholesale rates and, as necessary, to address the other topics as outlined above. A 249 meeting may be called by any member of the Wholesale Committee. The Wholesale WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 9 250 Committee shall evaluate each Wholesale Customer's operational efficiency by the end of each 251 year and provide a report and recommendation to the District's Board of Commissioners on the 252 summarized data of the Wholesale Customers' tracking of high water demand to identify 253 potential efficiency measures to be implemented under the state -mandated Water Use 254 Efficiency Rule, Each Wholesale Customer shall receive a copy of the report. 255 256 SECTION VII. - MASTER METER 257 258 All water delivered by the District to Customer shall be measured by a Master 259 Meter. All Master Meters, including vaults and appurtenances, will be owned, maintained, 260 repaired, replaced and upgraded by the District and the cost thereof included in the 261 Wholesale Water Cost. The District shall own all facilities from the connection to the 262 District pipeline to the upstream flange of the valve downstream of the Master Meter. The 263 cost of a new Master Meter requested by the Customer, including appurtenances and 264 installation, shall be paid by the Customer. Relocation of a Master Meter necessitated by 265 the Customer shall be paid by the Customer. 266 The District shall establish standards for Master Meters, including appurtenances 267 and access to flow data. Access to the Master Meter and the flow records shall be made 268 available to the Customer upon request. The Master Meter shall be checked by the District 269 on a schedule and for accuracy per the manufacturer's recommendation and the cost thereof 270 included in the Wholesale Water Cost. Either the District or the Customer may request 271 additional tests. The costs of additional tests shall borne equally, if both Parties agree to 272 the test; otherwise, by the Party requesting the test, unless the meter is not performing 273 within the manufacturer's specification, whereupon the benefited Party shall pay for the 274 test. Any adjustment to charges for water supplied shall be determined by the average water 275 use of the three prior years for the same period, unless some other method is agreed upon. 276 Either a credit or an additional billing calculated at the applicable Wholesale Water Rate 277 shall accrue to the appropriate party. If review of the meter records does not establish when 278 the change in accuracy occurred, the period of adjustment shall be one-half of the period 279 since the last meter calibration, not to exceed 12 months. 280 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 10 281 SECTION VIII. - AREA OF USE 282 283 The Customer shall not furnish service under any terms to services or systems other than 284 those within its approved service area as defined within its Water Comprehensive Plan without 285 first receiving written approval of the District. The Customer currently serves other water 286 suppliers or the service area of such suppliers by agreement. Those agreements are identified on 287 Exhibit D and continued service to those suppliers is hereby approved by District. 288 289 SECTION IX. - WATER QUALITY 290 291 The water delivered by the District to the Master Meter shall comply with state and 292 federal standards for drinking water and be of the same standard and quality normally 293 delivered to the District's other customers. The District shall not be liable for any 294 degradation of water quality and resulting damages that may occur beyond the Master 295 Meter, including liability for acts of sabotage. Customer shall operate its system in 296 conformance with law and in a manner which does not impair the water quality of the 297 "Wholesale Water System." 298 299 SECTION X. - SUPPLY TO DISTRICT -OWNED SERVICES TRANSMITTED 300 THROUGH CUSTOMER MAINS 301 302 The District shall have the right to continue to serve its Retail Water System with 303 water transmitted through the Customer's Master Meter and Retail Water System. Every 304 two months, the District shall read meters in that portion of the District's Retail Water 305 System supplied through Customer's Master Meter and Retail Water System. The volume 306 of water shown by meter reading shall be deducted from the total Master Meter reading for 307 the month in which these meters are read, plus 25% added for meter losses, flushing, leakage 308 and other authorized unmetered usage. 309 310 311 312 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 11 313 SECTION XI. - WHOLESALE WATER RATE 314 315 Wholesale Customers shall pay a Wholesale Water Rate that shall be adjusted annually 316 on April 1 and shall be effective on that date. The Wholesale Water Rate shall recover the 317 District's Wholesale Water Cost computed by the following formula: 318 319 R=E+M+P+(ED+FD)+CFI+DFO+O 320 Q 321 "ere: 322 R = Wholesale Water Rate ($/CCF) computed to the nearest ten -thousandth of a 323 dollar 324 E = The District's cost of Purchased Water ($/CCF) 325 M = Wholesale M&O Costs for the prior calendar year, excluding Power Costs 326 P = Power Costs for the prior calendar year [Wholesale -Related Portion Only] 327 ED = Existing Wholesale Debt including Principal + Interest 328 FD = Future Wholesale Debt Service including Principal + Interest 329 CFI = Cash (Rate) Funded Wholesale Facility Improvements 330 DFO = District Finance Option 331 O = Other Program Funding as may be deemed appropriate by the Wholesale 332 Committee 333 Q = Quantity of Water Supplied (CCF) in the prior calendar year measured by 334 the Wholesale Customers' Master Meters 335 336 In determining the Wholesale Water Rate, the District shall be governed by the following 337 principles: 338 339 1. Revenue recovery for debt service shall be based upon the debt service 340 (payment) schedule associated with each debt issue. Whenever the District issues re- 341 funding debt, it shall analyze the refunding issue to determine an equitable allocation of 342 principal and interest to the Wholesale Water Rate. The Wholesale Committee shall be 343 convened to review the allocation for either a new debt issue or a refunding issue. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 12 344 345 2. In the year in which the District proposes to issue a new long-term debt 346 instrument to finance, in whole or in part, the construction of or improvements to 347 Wholesale Facilities, the cost attributable to Wholesale Facilities, including projected 348 principal, interest, reserve payments, and debt service, incurred by the District for that 349 year shall be included in the Wholesale Water Rate. The cost of such debt shall be 350 allocated to the Wholesale Customers, over the life of the debt issue, according to the 351 specific use of proceeds from that debt issuance. At the end of the year, and after the 352 debt has been issued, the debt issue is considered "Existing Wholesale Debt" for purposes 353 of establishing wholesale water rates in subsequent years. 354 355 3. Whenever financially feasible, debt service coverage shall be met by the 356 District's overall financial operations (retail and wholesale). If debt service coverage 357 cannot be met by the District's overall financial operations, then the Wholesale Water 358 Rate shall be adjusted to include a component sufficient to meet the specific debt service 359 coverage covenants. 360 361 4. Every fifth (5) year commencing in the year 2015, the District shall re- 362 determine Wholesale M&O Costs for the purpose of setting the Wholesale Water Rate 363 for that year. In each of the subsequent four years, the Wholesale M&O Cost (M) shall 364 be escalated by the consumer price index for all Urban Consumers (CPI-U) 365 (Seattle/Tacoma/Bremerton metropolitan area) December to December or a comparable 366 index, if that index is unavailable; provided that in any year, the District may, at its 367 discretion, forego escalation of cost according to the index and determine the actual 368 Wholesale M&O Costs that year. 369 370 5. Power Costs attributable to the Wholesale Customers shall be determined 371 when the Wholesale Water Rate is re -calculated and shall be equal to the following: 372 P = (District's prior calendar year cost of power at Wholesale Facilities identified on 373 Exhibit B, and as Exhibit B may be amended) times (the Wholesale Customers' 374 combined prior calendar year volumetric use of water as recorded on Master Meters WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 13 375 identified on Exhibit B, and as Exhibit B may be amended) divided by (the District's 376 prior calendar year volumetric use of water as recorded at the District's Master Maters at 377 the Evergreen Way Pump Stations. 378 379 6. The CFI component of the Wholesale Water Rate shall be determined by 380 the District after a review of the District's 5-year capital improvement plan by the 381 Wholesale Committee. The Wholesale Committee shall approve CFI funding for each 382 year of the five (5) year capital improvement plan, after considering the different 383 financial and rate impacts of funding wholesale projects with cash or by debt and such 384 other factors deemed relevant by the Committee. 385 386 7. Annually, before the Wholesale Water rate is developed, the Wholesale 387 Committee shall review and approve what, if any, Other Program Funding, including 388 costs incurred by the District that are not otherwise included in the Wholesale Water 389 Cost, should be allocated to Wholesale Customers and included in the Wholesale Water 390 Rate. Approval will require a majority vote of the Wholesale Customers plus District. 391 392 8. The District shall establish a separate wholesale capital improvement 393 sinking fund (reserve) to segregate and account for certain revenues received from the 394 Wholesale Customers as identified in this Agreement. The sinking fund shall contain the 395 balance in the bond reserve fund as identified in the current wholesale contract. The 396 District shall deposit into the wholesale capital improvement sinking fund all revenues 397 received from: 398 399 A. The Cash (Rate) Funded Improvements (CFI) component of the 400 Wholesale Water Rate; and 401 B. Wholesale Water Rates to meet the minimum debt service coverage 402 ratio requirements (rate covenant). 403 404 Interest earned on the balance of the Wholesale Capital Improvement Sinking 405 Fund shall be retained in the sinking fund and credited to the sinking fund on a monthly WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 14 406 basis in a manner consistent with the methodology the District uses to allocate interest to 407 its funds. 408 Except as otherwise provided, all funds deposited into the Wholesale Capital 409 Improvement Sinking Fund shall be applied to the cost of wholesale capital improvement 410 projects undertaken by the District. On the recommendation of the Wholesale Committee 411 the District may use these funds to pay the cost of any other wholesale -related activity 412 (e.g. early buy -down of debt, buy -down a rate adjustment, rate transition, etc.). 413 414 9. Whenever a component of the Wholesale Water Cost is determined by 415 meter readings and some condition (e.g. meter failure, emergency conditions [e.g. 416 earthquake]) would make the use of those readings unreasonable or inequitable to the 417 District or to the Wholesale Customers, the District shall use its best and reasonable 418 judgment to "normalize" the volumetric usage data for purposes of establishing the 419 affected component of the Wholesale Water Rate. 420 421 10. The District may utilize District funds to finance Wholesale Facility 422 improvements, the funding size of which is not practical for issuance of bonds, and the 423 Cash (Rate) Funded Wholesale Facility Improvements option has not been approved by 424 the Wholesale Committee. The capital funds necessary for the improvement would be 425 provided by the District subject to reimbursement through wholesale water rates for a 426 term not to exceed ten (10) years. The rate would be determined based upon the average 427 rate of investments for District funds for the prior year. The rate may be adjusted 428 annually utilizing the District's annual investment rate for the prior year. The District 429 also reserves the right to terminate this funding option at any time during the term by 430 adding the remaining funds yet to be paid to a larger bond issue. If so elected, the 431 wholesale portion would be the pro rata share of the bond issue at the terms of the bond 432 issue. 433 434 435 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 15 436 SECTION XII. - BILLING & PAYMENT 437 438 The District shall bill the Customer for water supplied under this Agreement on regular 439 monthly intervals. 440 The Master Meters shall be read and recorded on or about the last normal work day of the 441 month in which the service was furnished. Billing to the Customer shall be made by the 1 Oth day of 442 the month following, and payment to the District is due by the 30th day of the month in which the 443 statement is received. If any payment or portion thereof due the District shall remain unpaid for 444 25 days following its due date, the Customer shall be charged with and pay to the District interest 445 on the amount unpaid from its due date until paid at the rate of eight (8)% per annum. 446 If any or all of a bill is in dispute, the Customer shall pay the amount as billed and both 447 the District and the Customer shall agree to the time line to resolve the disputed amount. If any 448 material error, an amount greater than $1,000 per month is discovered in the rate calculation, 449 billing, payment, interest allocation, or any other calculation or assumption, the District shall 450 correct the error retroactively from the date of receipt of notice of the error backwards for a 451 period of up to three (3) years or as mutually agreed. The $1,000 amount shall be adjusted for 452 inflation every five (5) years with CPI-U as described in Section XI of this agreement. 453 454 SECTION XIII. - TERM & EXPIRATION 455 456 (1) The term of this Agreement shall be from its effective date until January 1, 2055. 457 The Parties may renew this Agreement by mutual written agreement upon such terms and 458 conditions as the Parties may later agree. 459 (2) If the Customer shall cease to take water from the District without the District's 460 consent, the Customer shall remain liable for its proportionate share of the then existing wholesale 461 bonded indebtedness issued before January 1, 2055 as may at that time be determined including 462 credits for certain payments and recognition given to the growth experienced in the Customer, District, 463 and all other Wholesale Customers. This liability shall continue only until such time as all or 464 part of the water supply no longer taken by the Customer from the District is sold by the District 465 to another party. In that event, liability shall be reallocated, in whole or in part, to the new 466 customer. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 16 467 (3) If the District shall cease to supply water to the Customer without the Customer's 468 consent, the Customer shall cease to be liable for its proportionate share of the wholesale bonded 469 indebtedness as described in Subsection 2 above. 470 471 SECTION XIV. - NOTICE OF NEGOTIATION 472 473 The Customer shall receive timely written notice of negotiation with City of Everett for a 474 rate change or additional water and the Customer shall have the right to be present at such meetings. 475 476 SECTION XV. - FORCE MAJEURE AND CHANGES IN LAW 477 478 Neither Party hereto shall be considered to be in default in respect to any obligations 479 hereunder if prevented from fulfilling such obligations due to conditions beyond their reasonable 480 control or due to changes in state or federal law. If a Party is unable to perform in whole or in 481 part because of such condition or change in the law, the Party shall diligently and promptly take 482 reasonable steps to allow it to perform. The Parties expressly acknowledge and agree that the 483 inability or preclusion of the City of Everett to perform, in whole or material part, the Everett 484 Supply Agreement caused by an order or directive of governmental authority or a court with 485 jurisdiction shall constitute a force majeure or change in law event hereunder. 486 487 SECTION XVI. - LEGAL RELATIONS 488 489 Each Party shall defend, hold harmless, and indemnify the other from any and all claims, 490 demands, suits, and judgments arising out of its conduct. If, and to the extent, the Parties are 491 both liable to a third party claimant, each Party shall be responsible to the extent of its fault, and 492 shall defend, hold harmless, and indemnify the other for its fault. The foregoing indemnity is 493 specifically and expressly intended to constitute a waiver of each Party's immunity under 494 Washington's Industrial Insurance Act, RCW Title 51, but only with respect to the other Party 495 only, and only to the extent necessary to provide each Party with a full and complete indemnity 496 of claims made by the other Parry's employees. The Parties acknowledge that these provisions 497 were specifically negotiated and agreed upon by them. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 17 498 SECTION XVII. - DISPUTE RESOLUTION 499 500 The Parties are committed to working cooperatively in resolving all matters related to this 501 Agreement and achieving its intent and purpose. If a dispute should arise, the Parties agree to 502 meet on an informal basis within fourteen (14) calendar days after receipt of written notice of the 503 dispute submitted by a Party to attempt to resolve the dispute. 504 If the Parties are unable to resolve the dispute on an informal basis within thirty (30) 505 days, the Parties agree they shall utilize mediation. Each Party shall be responsible for the costs 506 of their own legal representation and pro rata cost of mediator. 507 Any dispute arising under this Agreement that is not resolved pursuant to the mediation 508 process may, upon mutual agreement of the Parties, if such agreement occurs within twenty 509 (20) calendar days of the failure of the Parties to reach resolution through mediation, be resolved 510 by binding arbitration by a single arbitrator. Within seven (7) calendar days of the date the 511 Parties agree to arbitration, each Party shall provide the other Party with the names of three (3) 512 neutral arbitrators having experience in the subject matter of the dispute and in arbitrating 513 disputes. The Parties will thereafter attempt in good faith to select an arbitrator from this panel 514 of six (6) potential arbitrators. 515 If the Parties are unable to agree upon a single arbitrator within twenty (20) calendar days 516 from the date the Parties agree to binding arbitration, then each Party shall designate one (1) 517 arbitrator from its panel of three (3) arbitrators. The two (2) designated arbitrators shall then 518 select a third arbitrator from the remaining arbitrator panel members, and this third arbitrator 519 shall act and serve as the single arbitrator for the dispute. The Parties shall equally split the 520 arbitrator's fee and all arbitration expenses. The prevailing party at arbitration shall be entitled to 521 an award by the arbitrator of its attorneys' fees and costs at the arbitrator's discretion. 522 The Parties agree that this dispute resolution process shall precede any action in a judicial 523 or quasi-judicial tribunal. 524 The Parties also agree that at all times pending resolution of the dispute, the Parties shall 525 continue to perform their respective duties and obligations in accordance with the terms and 526 conditions of this Agreement. The intent of the Parties is to preserve the status quo under the 527 Agreement. By way of illustration and not limitation, the Parties wish to assure uninterrupted 528 water service and compliance with the payment provisions of Section XII. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 18 529 SECTION XVIII. - GOVERNING LAW AND VENUE 530 531 This Agreement shall be governed by and construed in accordance with the laws of the 532 state of Washington. Any lawsuit or judicial action or proceeding arising out of or relating to 533 this Agreement that could not be resolved through Dispute Resolution, shall be heard in the 534 Superior Court of the State of Washington in and for Snohomish County. 535 536 SECTION IXX. - NO THIRD PARTY BENEFICIARIES 537 538 Except as expressly set forth in this Agreement, nothing in this Agreement is intended 539 to confer upon any person or entity, other than the Parties hereto, any rights, benefits, or 540 obligations. No such third -party shall have any right to enforce any of the provisions of this 541 Agreement unless expressly stated otherwise herein. 542 543 SECTION XX. - LIMITATION ON DAMAGES 544 545 Notwithstanding any other provision of this Agreement, neither the District nor the 546 Customer shall be liable to the other under or pursuant to this Agreement for indirect, 547 incidental, special, exemplary, punitive, or consequential damages, including but not limited 548 to damages for lost profits, revenues or benefits, loss of property use, the cost of capital, or 549 the cost of purchased or replacement water. 550 551 SECTION XXI. - GENERAL PROVISIONS 552 553 (1) Waiver: A waiver by either Party of any terms or conditions of this 554 Agreement shall not be deemed or construed to be a waiver of any other term or condition, 555 nor shall the waiver of any breach be deemed or construed to constitute a waiver of any 556 subsequent breach, whether of the same or any other term or condition of this Agreement. 557 (2) Assignment: Except where one of the Parties merges, consolidates or 558 combines with another entity neither this Agreement nor any of the rights, interests or 559 obligations created hereunder may be assigned by either Party without the written consent of WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 19 560 the other Party. This Agreement shall be binding upon and inure to the benefit of the 561 successors and assigns of the respective Parties. 562 (3) Notices: Any notices required or permitted to be given hereunder shall be given 563 in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return 564 receipt requested, (c) by electronic transmission in the form of email or facsimile, or (d) by a 565 commercial overnight courier that guarantees next day delivery and provides a receipt, and such 566 notices shall be addressed as follows: 567 568 To the Customer: 569 Public Works Director 570 City of Edmonds 571 7110 210t1} Street SW 572 Edmonds, WA 98026 573 Fax: 425-774-6057 574 575 To the District: 576 General Manager 577 Alderwood Water & Wastewater District 578 3626 - 156th Street SW 579 Lynnwood, Washington 98087 580 Fax: 425-742-4562 581 582 or to such other address designated in writing by the addressee. 583 (4) Entirety: All prior negotiations and agreements between the parties hereto 584 relating to the subject matter hereof are merged into and superseded by this Agreement, 585 which shall constitute the entire agreement between the Customer and the District concerning 586 the sale of water to the Customer. 587 (5) Authority: Each Party represents and warrants that it has the power and legal 588 authority to enter into this Agreement. The individual(s) executing this Agreement on behalf 589 of the respective Party represents and warrants that such individual has the power and 590 authority to do so. WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 20 591 (6) Effective Date: This Agreement shall become effective ("Effective Date") 592 upon the date of the expiration or termination of the existing contract for wholesale water 593 supply between the Parties dated the 20th day of September 2010. 594 (7) Attorneys' Fees and Costs: In the event that either Party commences any legal 595 action or proceeding relating to the provisions or enforcement of this Agreement, the 596 prevailing party shall be entitled to receive, and the non -prevailing party shall pay, its 597 reasonable attorneys' fees and costs, including those incurred in any appeal. 598 (8) Exhibits Incorporated by Reference: Any exhibits attached to this Agreement 599 are fully incorporated herein by this reference. 600 (9) Titles to sections and subsections in this Agreement are for reference purposes 601 only and shall have no substantive effect. 602 (10) In the event of a material breach or default of this Agreement by either of the 603 Parties, the Parties acknowledge that it may be difficult to measure the resulting damages and 604 that monetary damages may not provide a complete or adequate remedy. Accordingly, the 605 non -defaulting Party, in addition to damages and any other relief sought or recovered, shall 606 be entitled to seek injunctive relief and the specific performance of the terms and conditions 607 of this Agreement. 608 (11) If any term, condition or provision of this Agreement is determined to be void, 609 unenforceable or limited in its application or effect in a legal proceeding, such determination 610 shall not affect any other provisions in this Agreement and all other provisions shall remain 611 in full force and effect. 612 (12) Any new water Wholesale Customer Agreement utilizing the same Wholesale 613 Water Facilities as included in the Agreement, shall have the same terms and conditions as 614 this Agreement, with the exclusion of Exhibits A, D and E. 615 616 617 618 619 620 621 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 21 622 CITY OF EDMONDS 623 A Municipal Corporation 624 625 626 By:�` 627 Its: ma- o 0- 628 Date: y- -)o - /o 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 ATTEST: —,L,e, . City Clerk APPR (h&5- M: City Attorney ALDERWOOD WATER & WASTEWATER DISTRICT A Municipal Corporation By: Its: BOARD Prl DENT Date: _ULMM t'p2 7. 2010 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 22 ALDERWOOD WATER & WASTEWATER DISTRICT AND CITY OF EDMONDS WHOLESALE WATER SUPPLY AGREEMENT EXHIBIT A — QUANTITY OF WATER TO BE PURCHASED All quantities in Million Gallons per Day (MGD) 2010 3.6 7.1 2020 3.6 7.2 2050 4.6 9.0 WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 23 ALDERWOOD WATER & WASTEWATER DISTRICT AND CITY OF EDMONDS WHOLESALE WATER SUPPLY AGREEMENT EXHIBIT B - WHOLESALE FACILITIES The water lines including transmission facilities are shown on a separate map exhibit. The following is a list of the wholesale facilities referenced in the Agreement, in addition to the water lines shown on the separate map. Evergreen Way Puimp Station Site (6003 Evergreen Way, Everett) Pump Station No. 1 Pump Station No. 2 Maintenance and Operation Site (15204 35th Avenue W, Lynnwood) Reservoir No. 1 Chlorination Facility Ancillary valves and piping associated with the above assets Administration Site (3626 156t1i Street SW Lynnwood) Reservoir No. 2 Reservoir No. 3 Chlorination Facility Ancillary valves and piping associated with the above assets Edmonds Master Meter Site (168th Street SW and 62nd Avenue W, Edmonds) Master Meter Vault and ancillary assets Lynnwood Master Meter Site (Spruce Way and 164th Street SW, Lynnwood) Master Meter Vault and ancillary assets Mountlake Terrace Master Meter Site (212th Street SW and 44th Avenue W, Mountlake Terrace) Master Meter Vault and ancillary assets (Emergency supply at 38th Avenue W and 228th Street SW) Mukilteo Water & Wastewater District Meter Site (Harbour Point Boulevard and St. Andrews Drive; and Beverly Park Road and Center Road, Mukilteo) Master Meter Vault and ancillary assets WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 24 ALDERWOOD WATER & WASTEWATER DISTRICT AND CITY OF EDMONDS WHOLESALE WATER SUPPLY AGREEMENT EXHIBIT C - REGIONAL FACILITIES The regional water lines and larger water transmission facilities are shown on a separate map exhibit. The following list contains additional regional facilities as referenced in the Agreement. Evergreen Wa-Pump Station Site (6003 Evergreen Way, Everett) Leased Site Pump Station No. 1 Pump Station No. 2 Maintenance and Operation Site (15204 35t' Avenue W, Lynnwood) Site Reservoir No. 1 High Tank No. 1 High Tank No. 2 Booster Pump Station Chlorination Facility Ancillary valves and piping associated with the above assets Maintenance and Operation Administration Building Shop Facility Warehouse Facilities Material Storage Facilities Administration Site (3626 156t' Street SW, Lynnwood) Site District Administration Building Reservoir No. 2 Reservoir No. 3 Chlorination Facility Ancillary valves and piping associated with the above assets WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 25 ALDERWOOD WATER & WASTEWATER DISTRICT AND CITY OF EDMONDS WHOLESALE WATER SUPPLY AGREEMENT EXHIBIT D - CUSTOMERS WATER SERVICE AGREEMENT TO OTHER SUPPLIERS NONE IDENTIFIED WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 26 ALDERWOOD WATER & WASTEWATER DISTRICT AND CITY OF EDMONDS WHOLESALE WATER SUPPLY AGREEMENT EXHIBIT E — MASTER METER LOCATION 1680' Street SW and 62nd Avenue W WHOLESALE WATER SUPPLY AGREEMENT Alderwood Water & Wastewater District / City of Edmonds pg. 27