CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to Seattle Public Utilities; authorizing the General Manager/Chief Executive Officer of Seattle Public Utilities to execute the First Amended and Restated Contract between The City of Seattle and its long-term, full and partial requirements contract holders for the supply of water; authorizing the withdrawal of funds from the Water Fund Revenue Stabilization Subfund; providing budget authority to use such funds to provide payments to Water Utilities as required under the proposed contracts; amending Ordinance 127156, which adopted the 2025 Budget, including the 2025-2030 Capital Improvement Program; changing appropriations to various departments and budget control levels, and from various funds in the Budget; imposing a proviso; and ratifying and confirming certain prior acts; all by a 3/4 vote of the City Council.
body
WHEREAS, Seattle, through its Water Fund, serves 16 cities and water utilities under long-term full and partial requirements contracts for water supply that were authorized in 2001 by Ordinance 120362 and in 2011 by Ordinance 123559; and
WHEREAS, these contracts have periodic reopeners to amend certain portions of the contracts, with the current reopener period concluding in 2025; and
WHEREAS, Seattle has completed negotiations with all 16 of the cities and water utilities to amend the 2001 and 2011 City of Seattle Full and Partial Requirements Contract for the Supply of Water; and
WHEREAS, the amendments provide: (a) certainty for Seattle and its contract holders via the automatic extensions of the contract term every 10 years and the expansion of stranded cost provisions; (b) flexibility and modernization via updates to many contract provisions; (c) expanded authority for the joint Seattle-customer Operating Board; and (d) the same contract for both partial and full requirements customers with each water utility's specific requirements esta...
Click here for full text