Regional Water Supply System Information

Investor Information

Tacoma Water owns, operates and maintains the Regional Water Supply System (RWSS) and is the ultimate security for financing that is jointly issued with any or all of the RWSS participants.

The 2002 Second Supply Partnership Agreement delineates the rights and obligations of each of the participants with respect to system utilization and financial responsibilities. Those financial responsibilities include capital expenses, O&M expenses and debt service payments; they are recovered by Tacoma as Contract Resource Obligation payments from each of the RWSS participants. Other notable agreements related to the RWSS include the Muckleshoot Indian Tribe Agreement and the Project Cooperation Agreement with the Army Corps of Engineers.

There are four participants in the Second Supply System, all in Washington State: 

  • Tacoma Water
  • Covington Water District
  • City of Kent
  • Lakehaven Water and Sewer District

The following are the latest available audited financial statements for the participants in the Second Supply System (other than Tacoma). The financial statements for each participant have been provided by the participant; the City of Tacoma has not independently verified such information and does not guarantee the accuracy or completeness of such information or that such information is the latest available.

Click on the following links to find:

Long-term Planning


Tacoma Water Financial Stewardship Manager
Jodi Collins
3628 S. 35th St.
Tacoma, WA 98409

Financial Advisor for Tacoma Water
Frank Perdue, Montague DeRose and Associates LLC
2175 N. California Blvd. Ste. 745
Walnut Creek, CA 94596

Bond Counsel to Tacoma Water
Deanna Gregory and Stacy Lewis
Pacifica Law Group
1191 2nd Avenue, Suite 2000
Seattle, WA 98101

Current state fiscal agent (paying agent and registrar for all Bonds)
Carolyn Morrison
US Bank Global Corporate Trust
1420 Fifth Ave, 7th Floor
Seattle, WA 98101
(206) 344-4678

Disclosures & Disclaimers

Municipal Advisor Disclosure
Tacoma Water intends that market participants receive and use the following Independent Registered Municipal Advisor Disclosure Certificate as disclosure of our representation for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

Notices & Disclaimers
Use of this site constitutes acknowledgment and acceptance of the following terms and conditions:

The documents referenced in this website are limited in scope. The documents do not constitute an offer to sell or a solicitation of an offer to buy Tacoma’s bonds. Each document listed in this section is dated and speaks only as of that date. Tacoma does not undertake to update, and expressly disclaims any duty to update, any document.

If and when included in these documents, the words “plan,” “expect,” “forecast,” “estimate,” “budget,” “project,” “intends,” “anticipates” and similar words are intended to identify forward-looking statements, and any such statements inherently are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Any forward-looking statements speak only as of the date they were prepared.

By clicking on the links above, you acknowledge that the documents are limited in scope; are not an offer to sell; are each dated as of a certain date and speaks only as of that date; and have not been updated since that date; and that as a result, the documents may not contain all information material to investors and may contain material misstatements or omissions because of the passage of time or the occurrence of subsequent events.