Loading...
HomeMy WebLinkAbout~Master - June 18, 2024, Joint Special Meeting of the Ames City Council and Electric Utility Operations Review and Advisory Board1 .Motion approving request from Discover Ames for Fireworks Permit for display from ISU Parking Lot G10 East of Jack Trice Stadium at 10:00 p.m. on July 3, 2024, with a rain date of July 5th, for Independence Day Celebration 2.Second reading on a Zoning Text Amendment to the Zoning Ordinance for a new exception and related standards for outdoor storage in the General Industrial (GI) Zoning District 3.Second reading on Rezoning 2212 Oakwood and Adjacent Right-of-Way from Agricultural (A) to Suburban Residential Low Density Floating Zone (FS-RL) 4.Second reading of ordinance relating to Zoning Text Amendment for 20% Alternative Design Adjustments to General and Base Zone Development Standards 5.Second reading on Zoning Text Amendment on updates to Chapter 9 Flood Plain Zoning Regulations 6.Electric Services Cost of Service Study AGENDA JOINT SPECIAL MEETING OF THE AMES CITY COUNCIL AND ELECTRIC UTILITY OPERATIONS REVIEW & ADVISORY BOARD COUNCIL CHAMBERS - CITY HALL JUNE 18, 2024 NOTICE TO THE PUBLIC: The Mayor and City Council welcome comments from the public during discussion. The Standards of Decorum, posted at the door and available on the City website, define respectful conduct for public participation. If you wish to speak, please fill out the form on the tablet outside the door to the Council Chambers or scan the QR Code to the right to fill out the same form on a personal device. When your name is called, please step to the microphone, state your name for the record, and keep your comments brief so that others may have the opportunity to speak. CALL TO ORDER: 6:00 p.m. CONSENT AGENDA : All items listed under the Consent Agenda will be enacted by one motion. There will be no separate discussion of these items unless a request is made prior to the time the Council members vote on the motion. ORDINANCES: WORKSHOP: DISPOSITION OF COMMUNICATIONS TO COUNCIL: COUNCIL COMMENTS: ADJOURNMENT: Please note that this agenda may be changed up to 24 hours before the meeting time as provided by Section 21.4(2), Code of Iowa. 1 ITEM #:1 DATE:06-18-24 DEPT:ADMIN SUBJECT:FIREWORKS PERMIT FOR INDEPENDENCE DAY FIREWORKS COUNCIL ACTION FORM BACKGROUND: Discover Ames is organizing the annual Independence Day Fireworks Display, which will take place on July 3, 2024. The fireworks will be launched from ISU Parking Lot G10, east of Jack Trice Stadium. The display is anticipated to begin at 10:00 p.m. and will be between 15 and 20 minutes in length. A rain date has been requested for July 5. The display operator is J&M Displays, which has substantial experience launching the Ames Independence Day fireworks display. The display operator and Discover Ames have filed a Fireworks Permit application (attached), which has received approval signature from representatives of ISU Environmental Health and Safety, ISU Police, ISU Risk Management, and the Ames Fire Inspector. A certificate of liability insurance is on file with the City Clerk’s Office. Community members can view the display from adjacent stadium parking lots. It should be noted that construction in the lots between Jack Trice Stadium and Hilton Coliseum will limit the available parking for the display. To address this, Discover Ames has arranged with ISU to make available several grass parking lots adjacent to the stadium. ALTERNATIVES: 1. Approve a Fireworks Permit for the Independence Day Fireworks Display on July 3, with a rain date of July 5. 2. Do not approve a Fireworks Permit. CITY MANAGER'S RECOMMENDED ACTION: The Independence Day Fireworks Display is a popular community event. City staff has consulted with Discover Ames and ISU officials regarding the planning for the display, and all appropriate application materials and approvals have been obtained. Therefore, it is the recommendation of the City Manager that the City Council adopt Alternative No. 1 as described above. ATTACHMENT(S): Fireworks Permit Application - July 3 .pdf 2 3 4 5 6 7 8 To:Mayor & City Council From:Planning & Housing Date:June 14, 2024 Subject:Zoning Text Amendment for a new exception and related standards for outdoor storage in the General Industrial (GI) Zoning District Item No. 2 MEMO The ordinance related to a Zoning Text Amendment to the Zoning Ordinance for a new exception and related standards for outdoor storage in the General Industrial (GI) Zoning District is attached for your review and consideration for second reading. ATTACHMENT(S): DRAFT_Zoning_Text_Amendment_to_allow_Outdoor_Storage_in_GI_zone.pdf City Clerk's Office 515.239.5105 main 515.239.5142 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org 9 ORDINANCE NO. ____________ AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, ENACTING NEW SECTIONS 29.901(5), 29.1506(4)(g) and 29.1506(5)(h) THEREOF, FOR THE PURPOSE OF ALLOWING OUTDOOR STORAGE USE IN THE GENERAL INDUSTRIAL (“GI”) ZONING DISTRICT REPEALING ANY AND ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT TO THE EXTENT OF SUCH CONFLICT; PROVIDING A PENALTY; AND ESTABLISHING AN EFFECTIVE DATE. BE IT ENACTED, by the City Council for the City of Ames, Iowa, that: Section One. The Municipal Code of the City of Ames, Iowa shall be and the same is hereby amended by enacting new Sections 29.901(5), 29.1506(4)(g) and 29.1506(5)(h) as follows: “Sec. 29.901. "GI" GENERAL INDUSTRIAL ZONE. *** (5)GI Outdoor Storage. (a)Within the GI zoning district, outdoor storage is permitted so long as it complies with the minimum setbacks, as required in Sec. 29.405. (b)The Zoning Board of Adjustment may grant exceptions to minimum side and rear setbacks for GI outdoor storage if the following conditions are met: (i)The subject property line abuts another industrial zoning district, (ii)Adequate buffering, screening, or setbacks are provided if deemed necessary due to the surroundings, (iii)The exception is in conformity with the intent and purpose of the zoning ordinance and the general plan of the community, (iv)The exception does not alter the applicant’s obligation to comply with other applicable laws or regulations, and (v)That a reduction of side or rear setbacks will not impair or infringe upon the use of neighboring property or be detrimental to the public health, safety, or general welfare. *** Sec. 29.1506. EXCEPTIONS. *** (4)When Authorized.The Zoning Board of Adjustment is authorized to grant the following exceptions: *** (g) For GI outdoor storage, minimum side and rear setbacks pursuant to Sec. 29.901(5)(b). *** (5)Review Criteria.Before an exception can be granted, the Board of Adjustment shall establish that the following standards have been or shall be satisfied: *** (h)GI Outdoor Storage Exceptions. The Board may grant exceptions to minimum side and rear setbacks in accordance with the standards set forth in 29.901(5). ***.” 10 Section Two. Violation of the provisions of this ordinance shall constitute a municipal infraction punishable as set out by law. Section Three. All ordinances, or parts of ordinances, in conflict herewith are hereby repealed to the extent of such conflict, if any. Section Four. This ordinance shall be in full force and effect from and after its passage and publication as required by law. Passed this day of , 2024. _____________________________________________________________________________ Renee Hall, City Clerk John A. Haila, Mayor 11 To:Mayor & City Council From:Planning & Housing Date:June 14, 2024 Subject:Rezoning 2212 Oakwood and Adjacent Right-of-Way from Agricultural (A) to Suburban Residential Low Density Floating Zone (FS-RL) Item No. 3 MEMO The ordinance related to Rezoning 2212 Oakwood and Adjacent Right-of-Way from Agricultural (A) to Suburban Residential Low Density Floating Zone (FS-RL) is attached for your review and consideration for second reading. ATTACHMENT(S): 2212 Oakwood Road - Rezoning.docx City Clerk's Office 515.239.5105 main 515.239.5142 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org 12 DO NOT WRITE IN THE SPACE ABOVE THIS LINE, RESERVED FOR RECORDER Prepared by: City Clerk’s Office, 515 Clark Avenue, Ames, IA 50010 Phone: 515-239-5105 Return to: Ames City Clerk, P.O. Box 811, Ames, IA 50010 ORDINANCE NO. AN ORDINANCE AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AMES, IOWA, AS PROVIDED FOR IN SECTION 29.301 OF THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, BY CHANGING THE BOUNDARIES OF THE DISTRICTS ESTABLISHED AND SHOWN ON SAID MAP AS PROVIDED IN SECTION 29.1507 OF THE MUNICIPAL CODE OF THE CITY OFAMES, IOWA; REPEALING ALL ORDINANCES AND PARTS OF ORDINANCES IN CONFLICT HEREWITH AND ESTABLISHING AN EFFECTIVE DATE BE IT HEREBY ORDAINED by the City Council of the City of Ames, Iowa; Section 1: The Official Zoning Map of the City of Ames, Iowa, as provided for in Section 29.301 of the Municipal Code of the City of Ames, Iowa, is amended by changing the boundaries of the districts established and shown on said Map in the manner authorized by Section 29.1507 of the Municipal Code of the City of Ames, Iowa, as follows: That the real estate, generally located at 2212 Oakwood Road, is rezoned from Agricultural (A) to Suburban Residential High Density Floating Zone (FS-RL). Real Estate Description:Parcel M in the Southwest Quarter of the Southeast Quarter, Section 16, Township 83, Range 24, West of the 5th P.M., City of Ames, Story County, Iowa, Instrument No. 2020- 06637, and adjacent Oakwood Road right-of-way. Section 2: All other ordinances and parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict. Section 3: This ordinance is in full force and effect from and after its adoption and publication as provided by law. ADOPTED THIS day of ,. Renee Hall, City Clerk John A Haila, Mayor 13 To:Mayor and City Council From:Planning & Housing Date:June 14, 2024 Subject:Zoning Text Amendment to allow for 20% Alternative Design Adjustments to General and Base Zone Development Standards Item No. 4 MEMO The ordinance relating to Zoning Text Amendment to allow for 20% Alternative Design Adjustments to General and Base Zone Development Standards is attached for your review and consideration for second reading ATTACHMENT(S): Draft_Ordinance__Site_Design_Standards__kgd.docx City Clerk's Office 515.239.5105 main 515.239.5142 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org 14 ORDINANCE NO. _______ AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, BY AMENDING SECTIONS 29.101, 29.103(2), 29.303, 29.305(3) AND 29.1501(3)(d)AND ENACTING A NEW SECTION 29.1502(7) AND REPEALLING SECTION 29.1303 AND ENACTING A NEW SECTION 29.414 THEREOF, FOR THE PURPOSE OF ESTABLISHING ALTERNATIVE DESIGN REVIEW FOR NUMERIC OR SITE DESIGN STANDARD ADJUSTMENT UP TO 20% APPROVAL OF PLANNING DIRECTOR AND DRIVE-THROUGH FACILITIY STANDARDS REPEALING ANY AND ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT TO THE EXTENT OF SUCH CONFLICT; AND ESTABLISHING AN EFFECTIVE DATE. BE IT ENACTED, by the City Council for the City of Ames, Iowa, that: Section One. The Municipal Code of the City of Ames, Iowa shall be and the same is hereby amended by enacting a new Section 29.1502(7) and Section 29.414, as follows: “Sec. 29.101. STATUTORY AUTHORIZATION. The provisions of Section 414.4 of the Iowa Code, as amended, authorize the City Council to determine, establish and enforce the regulations, restrictions of buildings and land, and for and the boundaries of the Zones set forth in the Ordinance. *** Sec. 29.103. VALIDITY, SEVERABILITY & EFFECTIVE DATE. *** (2)Effective Date. The Ordinance shall be in full force and effect from and after its enactment in accordance with Section 414.4 of the Iowa Code. *** Sec. 29.303. GENERAL DEVELOPMENT STANDARDS AND ZONING REGULATIONS. *** Sec. 29.305. APPLICATION OF DEVELOPMENT STANDARDS. No structure shall be constructed or altered or use of land established or altered except in conformance with all applicable Development Standards. Alternative Design Review for certain Development Standards must be approved per requirements of Article 15. Any site previously developed that does not conform to the Development Standards of this ordinance without approval of an Alternative Design approval shall be considered nonconforming as defined within Article 3. This Ordinance provides for Development Standards as follows: (1)General Development Standards. General Development Standards are applicable to development in all zones and are set forth in Article 4. (2)Zone Development Standards. Zone Development Standards are applicable to development in each zone and are set forth in the Articles and Sections describing each zone or district. 15 (3)Special Use Standards. Special individual uses have additional development standards and use regulations as established within Article 13. *** Sec. 29.4141303. DRIVE-THROUGH FACILITIES. All Drive-Through Facilities, whether primary or accessory uses, must comply with the following conditions: (1)Setbacks and Landscaping.Stacking lanes and driveways are parking lot areas for conformance to development standards. Stacking lanes for a Drive-Through Facility must be setback at least 5 feet from all lot lines. Where the setback abuts a Residential Zone, the setback must be landscaped to at least the High Screen Standard. (2)Design and Layout. Stacking lanes must be designed to provide adequate on-site maneuvering, queuing, and circulation area, so that stacking vehicles will neither impede traffic on abutting streets nor interfere with vehicle circulation. *** Sec. 29.1501. BUILDING/ZONING PERMIT. *** (3)Procedures. *** (d)Alternative Design Review. Prior to approval of a Building/Zoning Permit, approval in writing of an Alternative Design may be approved by the Planning Director per the standards of 19.1502(7). *** Sec.29.1502 SITE DEVELOPMENT PLAN REVIEW. *** (7)Alternative Design Review. (a)Any Numeric Zoning Development Standard or General Design Standard regulations identified in this Section may be adjusted up to 20% by approval of the Planning Director if the following criteria are met: (i)Whether the requested adjustment, and combination and totality of adjustments, are consistent with all relevant purpose and intent statements of this ordinance. (ii)Whether there is an operational need or desirable benefit to the project. (iii)Whether the requested alternative offsets the effect of the request by providing something of equal or better consistency of intent of the requirement or zoning district ( (iv)Whether the requested exception will have a substantial or undue adverse effect upon adjacent property, the character of the surrounding area or the public health, safety and general welfare; (v)Other factors determined relevant by the planning director, planning and zoning commission, or city council as applicable. (b) Alternative design approvals must be applied for as a part of the applicable permit process. Only alternative design approvals issued in writing are valid adjustments to zoning and development standards. (i).All numeric remainders after a 20% adjustment is calculated will be rounded to the nearest whole number that achieves the intended 20% adjustment. 16 (c)Eligible Zoning Districts and Development Standards: (i)All Article 6 Agricultural Zones (ii)All Article 7 Residential Zones (iii)All Article 8 Commercial Zones (iv)All Article 9 Industrial Zones (v)South Lincoln Sub Area Mixed Use District (vi)Southeast Entryway Gateway Overlay (vii)Southwest Gateway Overlay (viii)FS Suburban Residential Zones (ix)Article 4 Development Standards (x)F-VR Village Residential Development Standards (d)Ineligible standards. The following standards in Chapter 29 of the Municipal Code are not eligible: (i)Density (including lot area per unit) (ii)Location of and paving of vehicle maneuvering areas and driveways in a front yard (iii)Minimum lot frontage (iv)Rock size limitations in Campustown Service Center Standards (v)Lighting output standards (vi)Fence Height Limitations (vii)Dwelling Design Standards of 29.409 and 29.410. (viii)Building Story Limitations ***” Section Two. All ordinances, or parts of ordinances, in conflict herewith are hereby repealed to the extent of such conflict, if any. Section Three. This ordinance shall be in full force and effect from and after its passage and publication as required by law. Passed this day of , 2024. _______________________________________________________________________ Renee Hall, City Clerk John A. Haila, Mayor 17 To:Mayor & City Council From:Planning & Housing Date:June 14, 2024 Subject:Zoning Text Amendment on updates to Chapter 9 Flood Plain Zoning Regulations Item No. 5 MEMO The ordinance relating to a Zoning Text Amendment on updates to Chapter 9 Flood Plain Zoning Regulations is attached for your review and consideration for second reading. ATTACHMENT(S): Ordinance (Chap 9 Floodplain).pdf City Clerk's Office 515.239.5105 main 515.239.5142 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org 18 ORDINANCE NO. ________ AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, BY AMENDING SECTIONS 9.1(1), 9.2(2), 9.4 (1)(3)(d), 9.5(2)(d)(k) and 9.7 (1)(b)(ix) THEREOF, FOR THE PURPOSE OF AMENDING FLOOD PLAIN ZONING REGULATIONS REPEALING ANY AND ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT TO THE EXTENT OF SUCH CONFLICT; AND ESTABLISHING AN EFFECTIVE DATE. BE IT ENACTED, by the City Council for the City of Ames, Iowa, that: Section One. The Municipal Code of the City of Ames, Iowa shall be and the same is hereby amended by amending Sections 9.1(1), 9.2(2), 9.4 (1)(3)(d), 9.5(2)(d)(k) and 9.7 (1)(b)(ix) as follows: “Sec. 9.1. STATUTORY AUTHORIZATION, FINDINGS OF FACT, AND PURPOSE. (1) Statutory Authorization. The legislature of the State of Iowa has, in Chapter 414 Code of Iowa, delegated the responsibility to cities to enact zoning regulations to secure safety from flood and to promote health and the general welfare. The legislature of the State of Iowa has granted jurisdiction to the Iowa Department of Natural Resources over water and floodplains in Chapter 455B Section 2 of the Code of Iowa. The Iowa Department of Natural Resources has delegated authority to local units of government in Chapter 455.276 of the Iowa Code. *** Sec. 9.2. GENERAL PROVISIONS. *** (2) Establishment of Official Flood Plain Zoning Map. The Story County, Iowa and Incorporated Areas Flood Insurance Rate Map (FIRM), City of Ames, The Flood Insurance Rate Maps (FIRMs) for Story County, Iowa and Incorporate Areas, City of Ames, Panels 19169C0135F, 0137G, 0139G, 0141F, 0142F, 0141G, 0142G, 0143G, 0144G, 0155F, 0161F, 0162F, 0163G, 0164F, 0168F, 0170F, 0256G, 0257G, 0276F, 0277F, dated January 15 2021, which were prepared as part of the Flood Insurance Study for Story County and digital FIRM equivalent are hereby adopted by reference and declared to be the Official Floodplain Zoning Map. *** Sec. 9.4. FLOODWAY OVERLAY DISTRICT. (1) Permitted Uses. The following uses shall be permitted within the Floodway Overlay District to the extent they are not prohibited by any other ordinance or underlying zoning district regulation, and provided they do not include placement of habitable structures, factory-built homes, fill or other obstruction the storage of materials or equipment, excavation, or alteration of a watercourse (except as needed for public infrastructure): All development within the Floodway Overlay District shall be permitted to the extent that they are not prohibited by any other ordinance (or underlying zoning district regulation) and provided they do not include the placement of structures, factory-built homes, fill, obstructions, the storage materials or equipment, excavation, or alternation of a watercourse: *** (3) Performance Standards. All Floodway Overlay District development allowed as a Permitted Development shall meet the following standards: (d) Structures, buildings, recreational vehicles, and sanitary and utility systems, if permitted, shall meet the applicable performance standards of the Floodway Fringe Overlay District and shall be constructed or aligned to present the minimum possible resistance to flood flows. *** 19 Sec. 9.5. FLOODWAY FRINGE OVERLAY DISTRICT. *** (2) Performance Standards. (a) All Structures shall (i) be designed and adequately anchored to prevent flotation, collapse or lateral movement. *** (d) Factory-built homes: (i) Factory-built homes including those placed in existing factory-built home parks or subdivisions shall be anchored to resist flotation, collapse, or lateral movement. (i) All new and substantially improved factory-built homes, including those placed in existing factory-built home parks or subdivisions, shall be anchored to resist flotation, collapse, or lateral movement. Anchorage systems may include, but are not limited to, use of over-the-top or frame ties to ground anchors as required by the State Building Code. *** (k) For all new and substantially improved structures: (i) Fully enclosed areas below the “lowest floor” (not including basements) that are subject to flooding shall be designed to automatically equalize hydrostatic flood forces on exterior walls by allowing for the entry and exit of floodwaters. Designs for meeting this requirement must either be certified by a licensed registered professional engineer or meet or exceed the following minimum criteria: a. A minimum of two (2) openings having a total net area of not less than one square inch for every square foot of enclosed area subject to flooding shall be provided. b. The bottom of all openings shall be no higher than one foot above grade. c. Openings may be equipped with screens, louvers, valves, or other coverings or devices provided, that they permit the automatic entry and exit of floodwaters. Such areas shall be used solely for parking of vehicles, building access, and low damage potential storage. d. All such areas shall be used solely for parking of vehicles, building access and low damage potential storage. (i)(ii) New and substantially improved structures must be designed (or modified) and adequately anchored to prevent flotation, collapse, or lateral movement of the structure resulting from hydrodynamic and hydrostatic loads, including the effects of buoyancy. (ii) New and substantially improved structures must be constructed with electrical, heating, ventilation, plumbing and air conditioning equipment and other service facilities that are designed and/or located so as to prevent water from entering or accumulating within the components during conditions of flooding. (iii) New and substantially improved structures shall be constructed with electric meter, electrical service panel box, hot water heater, heating, air conditioning, ventilation equipment (including ductwork), and other similar machinery and equipment elevated (or in the case of non-residential structures, optionally floodproofed to) a minimum of three (3) feet above the base flood elevation. (iv) New and substantially improved structures shall be constructed with plumbing, gas lines, water/gas meters and other similar service utilities either elevated (or in case of non-residential structures, optionally floodproofed to) a minimum of three (3) feet above the base flood elevation or designated to be watertight and withstand inundation to such a level. *** Sec. 9.7. ADMINISTRATION. (1) Appointment, Duties and Responsibilities of Flood Plain Administrator *** (b) Duties and responsibilities of the Administrator shall include, but not necessarily be limited to, the following: *** 20 (ix) Maintain the accuracy of the community’s Flood Insurance Rate Maps when; a. Development placed within the Floodway (Overlay) District results in any of the following: (i) An increase in the Base Flood Elevations, or (ii) Alternation to the floodway boundary b. Development placed in Zone A, AE, AH, and A1-30 that does not include a designated floodway that will cause a rise of more than one foot in the base elevation; or c. Development relocates or alters the channel. Within six (6) months of the completion of the development, the applicant shall submit to FEMA all scientific and technical data necessary for a Letter of Map Revision. ***” Section Three. All ordinances, or parts of ordinances, in conflict herewith are hereby repealed to the extent of such conflict, if any. Section Four. This ordinance shall be in full force and effect from and after its passage and publication as required by law. Passed this day of , 2024. ______________________________________ _______________________________________ Renee Hall, City Clerk John A. Haila, Mayor 21 ITEM #:6 DEPT:ELEC June 18, 2024 Staff Report PRESENTATION OF THE COST OF SERVICE STUDY FOR AMES ELECTRIC SERVICES BACKGROUND: Electric utilities periodically conduct cost-of-service and rate design studies to help make long- term financial plans, promote efficient use of resources, and provide fair and equitable rates for customers. Ames Electric Services previously completed a cost of service study completed in 2012. On June 23, 2023, City Council awarded a contract with Utility Financial Solutions to complete a complete a cost of service and rate design study. Based on the findings of the study, Staff is recommending adjustments to customer rates that will send correct pricing signals to customers and provide fair and equitable rates. The proposed adjustments will result in no overall revenue increase. As a result of the rate adjustments, some customers will see higher electric bills, while the changes will result in lower bill for other customers. Ames Electric Services’ most recent rate increase was a 4% across the board increase in 2017. A revenue neutral rate adjustment was made in 2012. Prior to that, there was a 5% rate increase in 2009. At this time, the presentation is informational only. The staff next intends to refer this topic to EUORAB for their review and recommendation. Following their Juen 20th meeting, staff will prepare a Council Action Form (CAF) on June 25th. At this meeting the Council will be asked to: 1) adopt the proposed rate changes to each of the Customer Classes, 2) Change the Interruptible Rate, 3) Add the Time-Of-Use rates, and 4) Adjust the Renewable Energy Buyback rate. The staff's recommendation to adjust electric rates is estimated to result in no net increase in revenue. ATTACHMENT(S): Ames_Electric_Cost_of_Service_Study_UFS_Council_Presentation_6.18.24.pdf 22 Ames Draft Electric Cost of Service Study Mark Beauchamp President, Utility Financial Solutions, LLC 23 Objectives •Review Revenue Requirement •Review Cost of Service Results •Class cost results •Customer Charges •Rate Adjustment Plan •New Rates •Scenarios 224 Significant Assumptions 325 Significant Assumptions 426 Minimum Cash Reserves (no rate change) 5 Minimum Cash Reserve Levels 21,835,763$ 22,295,479$ 22,666,600$ 22,256,344$ 22,610,672$ Projected Cash Reserves 34,335,947$ 31,676,017$ 30,024,264$ 28,120,278$ 27,102,743$ Current Policy - $10.1M 27 Debt Coverage Ratio (no rate change) 6 Projected Debt Coverage Ratio (Covenants)6.01 5.69 3.40 160.28 121.66 Minimum Debt Coverage Ratio 1.4 1.4 1.4 1.4 1.4 28 Optimal Operating Income (no rate change) 7 Optimal Operating Income 8,465,915$ 8,735,383$ 8,906,119$ 9,019,863$ 9,113,655$ Projected Operating Income (2,519,527)$ (3,411,332)$ (4,325,991)$ (5,161,028)$ (5,986,822)$ Rate of Return in %7.1%7.3%7.7%7.9%8.4% 29 COS Summary Financial Results 830 Cost of Service Results Class Cost Results 931 Cost of Service Results Customer Charges 1032 Rate Adjustment Plan 11 Overall Rate Increase •Planned 0% Develop Bandwidth Rates (Rate Adjustment Plan) •Plus or Minus 1%, Increase vary between 1% - minus 1% Customer Charges •Move toward Cost of Service 33 New Rate Classes •Residential TOU •Small Commercial TOU •Commercial TOU •Interruptible •Value of Solar 12 TOU Periods Mon - Fri Off-Peak 7A - 2P, 6P - 8P On-Peak 2P - 6P All other times, Federal Holidays and weekends are Super Off-Peak 34 Residential TOU Rate 13 All Customers 8.32$ 14.25$ Energy Charge: Winter Energy (Nov - Jun)0.10050$ -$ Summer Energy (Jul - Oct)0.12130$ -$ Summer Off-Peak 0.06750$ Summer Super Off-Peak 0.05383$ Summer On-Peak 0.24529$ Winter Off-Peak 0.10660$ Winter Super Off-Peak 0.04918$ Winter On-Peak 0.11660$ Distribution Recovery 0.02021$ 35 Small Commercial TOU Rate 14 All Customers 15.60$ 20.50$ Energy Charge: Winter Energy (Nov - Jun)0.09860$ -$ Summer Energy (Jul - Oct)0.11940$ -$ Summer Off-Peak 0.0675$ Summer Super Off-Peak 0.0538$ Summer On-Peak 0.2453$ Winter Off-Peak 0.1066$ Winter Super Off-Peak 0.0492$ Winter On-Peak 0.1166$ Distribution Recovery 0.0259$ 36 Commercial TOU Rate 1537 Interruptible Rate Cost of Service Current Rate (3.00)$ (2.60)$ /kVA Called (2.20)$ (2.60)$ /kVA Total (5.20)$ (5.20)$ /kVA Failure to Curtail 12.00$ 12.00$ /kVA 38 Value of Solar Residential Service 40% of $0.1213, plus $0.025 = $0.0735 per kWh (summer period) 40% of $0.1005, plus $0.025 = $0.0652 per kWh (winter period) Small Commercial Service 40% of $0.1194, plus $0.020 = $0.0678 per kWh (summer period) 40% of $0.0986, plus $0.020 = $0.0594 per kWh (winter period) Commercial Service 50% of $0.0644, plus $0.015 = $0.0472 per kWh Industrial Service. 63% of $0.0644, plus $0.010 = $0.0506 per kWh Current Credit 39 Rate Track (with additional $50M generation investment 2029) 1940 Rate Track (with additional $50M generation investment 2029) 2041 Questions? 42 Sample Residential Rate 22 Δ Year 1 Monthly Facilities Charge: All Customers 8.32$ 14.25$ 71.3% Energy Charge: Winter Energy (Nov - Jun)0.10050$ 0.08927$ -11.2% Summer Energy (Jul - Oct)0.12130$ 0.11007$ -9.3% Power Cost Adjustment: All Energy 0.00521$ 0.00521$ Revenue from Rate 22,857,359$ 22,619,810$ Change from Previous -1% Monthly $ Change based on Usage Energy kWh Year 1 250 3.12$ 500 0.31$ 750 (2.50)$ 1,000 (5.30)$ 1,250 (8.11)$ 1,500 (10.92)$ 1,750 (13.73)$ 2,000 (16.54)$ 2,250 (19.35)$ 2,500 (22.15)$ Average = 599kWh/Month 43 Sample Residential Rate - LIHEAP 2344 Sample Commercial Rate 2445 Sample Industrial Rate 2546 Utility Bill Rate Samples MEDIAN USE RESIDENTIAL CUSTOMERS Electric Storm Water Electric / Water Use Summer Water Summer Sewer Total 600 kWh and 600 cf $81.10 $5.20 $30.88 $32.99 $150.17 Electric ECA $3.13 $3.13 Totals $84.23 $5.20 $30.88 $32.99 $153.30 Increase Due to Rate Change -$0.81 $0.00 $0.00 $0.00 -$0.81 Totals $83.42 $5.20 $30.88 $32.99 $152.49 % Impact on Total Bill -0.53% 47 Utility Bill Rate Samples SMALL COMMERCIAL (GP) Electric Storm Water Electric / Water Use Summer Water Summer Sewer Total 5,000 kWh and 1,000 cf $612.60 $5.20 $50.60 $46.31 $714.71 Electric ECA $26.05 $26.05 Totals $638.65 $5.20 $50.60 $46.31 $740.76 Increase Due to Rate Change -$4.45 $0.00 $0.00 $0.00 -$4.45 Totals $634.20 $5.20 $50.60 $46.31 $736.31 % Impact on Total Bill -0.60% 48