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.
There are four participants in the Second Supply System, all in Washington State:
- Tacoma Water
- Covington Water District
- City of Kent
- Lakehaven Utility 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.
Tacoma Water Rates and Financial Planning Manager
3628 S. 35th St.
Tacoma, WA 98409
Bond Counsel to Tacoma Water:
Orrick, Herrington & Sutcliffe LLP
719 Second Ave., Suite 900
Seattle, WA 98104
Financial advisor for Tacoma Water:
Frank Perdue, Montague DeRose and Associates LLC
2175 N. California Blvd. Ste. 745
Walnut Creek, CA 94596
Current state fiscal agent (paying agent and registrar for all Bonds):
The Bank of New York Mellon
Corporate Trust Operations
PO Box 2320
Dallas, TX 75201