Case Study: SWIFT Funds for Municipal Conservation – City of Austin
1. Title of Presentation
Presentation Date
Name of Person, Assistant Director
SWIFT FUNDS FOR MUNICIPAL CONSERVATION
City of Austin Case Study – AMI (Smart Meters)
November 7, 2016
2. Austin SWIFT Loan Overview
• $80 million for AMI (smart meters)
• $87 million for reuse system expansion
• 7-year commitment from TWDB
• 35% interest rate discount for 5 years
• Initial loan closing – November 17, 2016
3. Austin SWIFT Loan Details
• 20-year loan term for better interest rates
• Interest rates based on TWDB bond sale
• No loan origination fees
• No federal funding requirements
• Bond reserve fund requirement
4. Austin SWIFT Applications
• Abridged application very simple – online
• Full application fairly extensive – online
– Financial
– Legal
– Engineering
5. Environmental Reviews
• Easy process for reuse plant site projects
• Other reuse projects not yet reviewed
• Anticipated to be easy for AMI