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3.2. SR 11-18-2019 The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To Mayor and City Council, Chair and Utilities Commission Item Number 3.2 Agenda Section Joint Meeting Meeting Date November 18, 2019 Prepared by Troy Adams, P.E. – ERMU General Manager Item Description Elk River Municipal Utilities Payment in Lieu of Taxes Policy and Other Donations to the City of Elk River Policy Reviewed by Reviewed by Action Requested Review Elk River Municipal Utilities Commission Policy G.2a1 Payment in Lieu of Taxes and Other Donations to the City of Elk River. Background/Discussion Consistent with ERMU Commission Policy G.2a Commission – City Council Relationship and Roles, the Commission reports to the City Council a change to the Payment in Lieu of Taxes (PILOT) policy that will have a material financial to the city budget. On October 8, 2019, the Commission approved, by motion, a revision to the PILOT policy which will increase the overall transfer from the electric fund to the city general fund. In 2016, the PILOT policy had been revised following the execution of a multi-year electric service territory transfer agreement with a neighboring cooperative electric utility. The agreement included the terms for the cooperative to transfer approximately 2,000 electric accounts and 12 square miles of electric service territory within the corporate boundary of the City of Elk River to ERMU over a five year period. Consistent with state statute, the terms included provisions for loss of revenue (LOR) payments to be made from ERMU to the cooperative over a 10 year defined period of time. The areas of the multi-year orderly transfer would each have their own LOR payment schedule. The effect of the ten year LOR payments over five years of transfers is 15 years of LOR payments to the cooperative. The PILOT from ERMU to the City is calculated on sales to customers within the city limits. The electric sales in the affected areas of the transfer agreement previously served by the cooperative were not included in the calculation for PILOT as they were not ERMU customers. As a way to pay for the costs of electric service territory transfers, ERMU engaged the City about excluding PILOT on the transferred customers until the LOR payments had finished. This exclusion of PILOT was revenue the city was previously not receiving and there was an understanding that this was a partnership effort to invest in the growth of the ERMU electric customer base for significant long term return on that investment. C:\Users\tadams\Desktop\Commission Council Joint 2019 Meeting\Joint Meeitng Working Documents\Joint Meeting FINAL Documents\2019- 11-18 Joint Mtg - 3.2 ERMU Pilot Policy Memo.docx In October, 2018, ERMU transitioned wholesale power providers from Great River Energy (GRE) to Minnesota Municipal Power Agency (MMPA). The change allowed ERMU to lower electric rates by 5% in 2019. And, ERMU is in a position to hold the line and have no electric rate increase for 2020. The Commission determined that ERMU was in an improved financial position with the electric service territory growth and the wholesale power cost reductions compared to when the PILOT policy had been revised in 2016. And with consideration of all of those factors, the Commission determined that those electric service territory transfer agreement PILOT policy exceptions should be lifted and the savings that ERMU has experienced be shared with the city. Financial Impact The estimated increase in PILOT transfer from ERMU to the city for the 2020 budget year would be $169,000. The estimated total increase in transfers over the 15 year LOR payment schedule period would be $1,500,000. Attachments  ERMU Commission Policy G.2a Commission – City Council Relationship and Roles  ERMU Commission Policy G.2a1 Payment in Lieu of Taxes and Other Donations to the City of Elk River ______________________________________________________________________________ Page 1 of 2 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2a Commission – City Council Relationship and Roles PURPOSE: With this policy, the Commission describes its role in relation to the Elk River City Council and the way in which it desires to interact with the City Council. POLICY: The Commission and the City Council share the responsibility for ensuring effective governance of ERMU for the benefit of the City, its citizens, and ERMU’s utility customers. The Commission desires to maintain a working relationship with the City Council that will enable both bodies to coordinate and carry out their separate responsibilities so that ERMU is governed with excellence. Although governed autonomously by the Commission, ERMU is part of the City of Elk River’s City government. This creates opportunities for bringing greater value to the stakeholders of both the City and ERMU through a hybrid of municipal utilities and city governance. It is the intent of the Commission to align its governance structures and processes with the city in ways that will realize opportunities for greater value. Consistent with the preceding, the Commission will: 1. Routinely monitor, evaluate, and strive to improve its performance, keeping the City Council informed in a thorough and timely manner about the effectiveness of the Commission’s governance with respect to the following: a. Compliance with legal and fiduciary responsibilities; b. Compliance with Commission-established Governance policies that are periodically reviewed and updated, and that set expectations for ERMU’s strategic and business results, governance, and management. ERMU Commission Policy – G.2a Commission – City Council Relationship and Roles ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 2 2. Support ERMU’s active participation in the City’s Economic Development Authority (EDA), representing the interests of ERMU’s stakeholders and working to develop common goals for economic development. 3. Provide an opportunity for the City Council to meet jointly with the Commission at least once every three (3) years. The meeting will be held following completion of the annual independent financial audit. The focus of this joint meeting will be a report by the Commission to the Council of ERMU’s financial and operating results for the preceding fiscal year, along with an opportunity for the Council to provide input to the Commission on matters related to planning and budgeting for the next fiscal year. The Commission may request or recommend additional joint meetings for other specific purposes. 4. Develop, update as necessary, and provide to the Mayor and City Council documentation that is intended to ensure the appointment of qualified and committed ERMU Commissioners. Such documentation will include relevant knowledge and experience, core competencies, and character traits that are consistent with the Commission’s requirements and commitments to effective governance. The Commission’s expectation is that the City Council will use this information to appoint persons who are appropriately qualified and well-informed about the expectations for service as a Commissioner. 5. At least annually at the time of budgeting for the next fiscal year, consider ERMU’s financial condition with respect to voluntary payments in lieu of taxes (PILOT) and other donations of services from the ERMU utility enterprises to the City that are likely to have material financial consequences for both entities. The Commission will inform the City Council promptly of any material changes in the PILOT and other donations. Further, the Commission will use a process for determining PILOT and other financial donations to the City that is transparent, consistent with state and national benchmarking comparisons, forecasted and budgeted, and with a mutually understood methodology. In approving or allowing other donations such as labor, street lighting, and water for fire suppression, the Commission will subscribe to the philosophy that it is providing value to the community and not just shifting costs from one entity to the other. POLICY HISTORY: Adopted May 9, 2017 ______________________________________________________________________________ Page 1 of 2 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2a1 Payment in Lieu of Taxes and Other Donations to the City of Elk River PURPOSE: The success of ERMU is linked with the success of our community. And the success of our community is linked with the operation of our city government and ERMU. ERMU was purchased by the City of Elk River in 1945 and separate governance was created per State Statute in 1947. Although governed separately, ERMU is still an important component of our local government and our city services. It is typical for a municipal utility to provide a Payment in Lieu of Taxes (PILOT) and other donations to their city, regardless of a separation of governance. Although typical, this contribution should never inhibit ERMU’s ability to make repayment on debt, cause ERMU to become non-competitive, or inhibit needed investment in personnel or infrastructure which may hurt ERMU’s ability to meet the needs of their customers. For these reasons the PILOT and other donations should be reviewed at least once every five (5) years by the ERMU Commission. POLICY: The PILOT and other donations to the City of Elk River shall be as follows: 1. Payment in Lieu of Taxes (PILOT) – The PILOT transfer from Elk River Municipal Utilities to the City of Elk River shall be four percent (4%) of the revenues generated by ERMU’s electric customers within the corporate boundaries of the City of Elk River. 2. Donated Electricity – Elk River Municipal Utilities shall donate all electricity to the City of Elk River for street lights and signal lights. 3. Donated Water – Elk River Municipal Utilities shall donate water for use by the Elk River Fire Department (ERFD) for the purpose of extinguishing fires within the City of Elk River and other cities under contract with the ERFD. For the purpose of creating ice rinks for public/ non-enterprise use, ERMU shall donate water for use by the Elk River Parks Department. ERMU Commission Policy – G.2a1 Payment in Lieu of Taxes and Other Donations to the City of Elk River ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 2 Elk River Municipal Utilities shall donate water for the use by the Elk River Streets Department for the use of street sweeping. 4. Donated Labor – Because of specialized skills and equipment, ERMU may be able to provide a better value to our community by donating labor to the City of Elk River. For example, ERMU has trained employees and the equipment to hang banners where the City does not. In this example, ERMU is able to provide this donated service to the City for less cost than a third party, creating greater value to our community. For such situations, ERMU shall donate labor to the City of Elk River, as appropriate, where a greater value is created for our community and where ERMU is not subjected to undue burden. In addition to hanging banners, other examples include: maintenance of street lighting, relamping signal lights, locating underground fiber optics and/or other facilities, administration costs associated with the billing of city franchise fees, installation of temporary lighting, relamping of city ball field lighting, installation and/or maintenance of city warning sirens, meter reading for wastewater, assistance with tree trimming, etc… POLICY HISTORY: Adopted December 6, 1994 Revised June 6, 2008 Revised July 2, 2013 Revised October 13, 2015 Revised January 1, 2016 Revised October 8, 2019