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2021-012 Council Resolution
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2021-012 Council Resolution
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2/23/2021 12:27:47 PM
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2/23/2021 12:27:47 PM
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City Council
Council Document Type
Resolutions
Meeting Date
02/22/2021
Council Meeting Type
Regular
Resolution #
21-12
Resolution Title
Authorizing Preparation of Utility Rate Study
Resolution Date Passed
02/22/2021
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CITY COUNCIL <br /> AGENDA ITEM 2A <br /> STAFF ORIGINATOR: Hannah Lynch, Finance Director <br /> MEETING DATE: February 22, 2021 <br /> TOPIC: Consider Resolution No. 21-12, Authorizing Preparation of <br /> Utility Rate Study <br /> VOTE REQUIRED: 3/5 <br /> INTRODUCTION <br /> Staff is requesting council consideration to authorize preparation of a Utility Rate Study. <br /> BACKGROUND <br /> The purpose of the utility rate study is to ensure adequate funding to cover the cost of <br /> operations, current and future bonding, and to maintain adequate cash reserves to continually <br /> update and maintain the capital infrastructure. The last study was performed in 2012 and rates <br /> were last increased in 2015. <br /> Furthermore, in July 2020, the City Council reviewed the Water Treatment Plant Feasibility <br /> Study and directed staff to explore potential funding sources and impacts to user rates. Staff <br /> received eight proposals for the utility rate study and are recommending the authorization of <br /> Baker Tilly to conduct the study. <br /> Baker Tilly performed rate studies for the City in both 2008 and 2012. They have provided a <br /> comprehensive project approach/work plan and have extensive experience with long-term <br /> financial forecasts, cost of service and rate studies. Baker Tilly is proposing to complete the <br /> study by the target date of May 19, 2021 in the amount of$17,730. <br /> RECOMMENDATION <br /> Staff is recommencing acceptance of the proposal and authorization to enter into a Professional <br /> Services Agreement with Baker Tilly. <br /> ATTACHMENTS <br /> 1. Resolution 21-12 <br /> 2. Baker Tilly Proposal <br />
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