City of Tacoma, Department of Public Utilities, Light Division at Tacoma Public Utilities

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This document outlines the approval process and terms for a new 20-year nonexclusive franchise agreement between Tacoma Power (City of Tacoma, Department of Public Utilities, Light Division) and the Town of Steilacoom for continued electric service. The Public Utility Board of the City of Tacoma is resolving to approve the agreement authorized by Steilacoom's Ordinance 1702, which replaces the expired Ordinance 1334. The new agreement grants Tacoma Power the right to construct, maintain, operate, and repair an electrical light and power system within the Town of Steilacoom's public rights-of-way, effective September 8, 2024. Key provisions include mutual benefits, waiver of permit fees, non-competition clauses, and a payment structure where Tacoma Power pays the Town 6% of its total gross revenues from electric utility service customers within the Town.

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This contract outlines the no-cost transfer of the surplus property at 1801 North Orchard Street from the City of Tacoma (d.b.a. Tacoma Power) to Tacoma/Pierce County Habitat For Humanity. The transfer is for the purpose of developing affordable housing, as mandated by RCW 39.33.015, with a 50-year covenant requiring its use for public benefit. The buyer, Tacoma/Pierce County Habitat For Humanity, has committed to commencing construction by October 1, 2026, and completing it by December 31, 2028, to build cottage-style housing with a minimum of three units, ensuring at least 25% are for households at or below 50% Area Median Income, with one unit targeted below 50% AMI. The consideration for the property is defined as the public benefit and the buyer's obligations, rather than a monetary payment.

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This document outlines Loan Agreement RRC-1011, under which the Washington State Department of Transportation (WSDOT) provides a loan to the City of Tacoma dba Tacoma Public Utilities - Tacoma Rail for upgrading three railroad tracks in the Tacoma Tideflats area. The total loan amount to be repaid by Tacoma Rail is $1,122,000, which includes a $1,100,000 principal and a $22,000 administrative fee. Tacoma Rail is also required to contribute $469,250 in matching funds towards the project, bringing the total estimated project cost to $1,569,250. Annual loan repayments of $112,200 will commence on January 1, 2028, over a ten-year term. The project's design and SEPA stages are slated to begin in October 2025, with construction starting in May 2026 and project closure by December 2027.

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This document outlines a Power Sales Agreement (Contract No. 26PS-25090) and a related Creditworthiness Agreement (Contract No. 26PS-45005) between the Bonneville Power Administration (BPA) and the City of Tacoma, Department of Public Utilities, Light Division ("Tacoma Power"). The Power Sales Agreement, effective from October 1, 2028, to September 30, 2044, details Tacoma Power's obligation to purchase "Slice/Block" power from BPA to meet its load requirements. The agreement specifies terms for power acquisition, pricing mechanisms (Tier 1 and Tier 2 rates), scheduling, delivery, billing, and creditworthiness requirements. The estimated annual cost of the Slice/Block product is $123 million per year in 2029 nominal dollars.