HomeMy WebLinkAboutCC 13 WTR RATE STRUC 10-21-91CONSENT CALENDAR NO. 13 10/21/91 /J -.Z r _ 4 ,7r(n � J AT r_- OCTOBER 17, 1991 j TO: WILLIAM A. HUSTON, CITY MANAGER FROM: FINANCE SUPPLEMENTAL APPROPRIATION FROM WATER ENTERPRISE SUBJECT: UNAPPROPRIATED RESERVES FOR PROFESSIONAL SERVICES TO REVIEW WATER RATE STRUCTURE AND CAPITAL IMPROVEMENT FINANCING - - ALTErRNA'r-IVES--- --- --•--ter, --------_ _--------__------ - -_—_ _—•— _ RECOMMENDATION: Authorize the Finance Director to enter into an agreement with Bartle Wells and Associates to review the City's current rate structure and financing alternative for future water capital improvements and appropriate $15,000.00 from the unappropriated reserves of the Water Enterprise Fund. DISCUSSION: After completion of the Water Storage System Evaluation Study, staff proposed to the City Council that the next step was to evaluate the current water rate structure, including the debt surcharge and financing alternative for the extensive capital needs addressed in the storage system study. The imposition of mandatory water rationing both delayed and added a new dimension to the analysis of our rate structure. We sent out RFP's early September and received four responses. The proposals were evaluated. individually by Gary Veeh, Water Services Manager; Bob Ledendecker, Director of Public Works/City Engineer; Irma Hernandez, Administrative Assistant, Finance; and myself. We asked that proposal costs be submitted in a separate envelope so that price would be evaluated independent of the overall quality of the proposal. The results of the evaluation are attached for your review. The firm of Bartle Wells and Associates was selected by the evaluators and we have started to gather the necessary data to begin the analysis. We have worked with Bartle Wells on several financings in the past and have always been impressed with their professionalism and expertise. We anticipate the project to be co ete and ready for discussion by mid-November. Rona d A. Nault /_011 -Administrative Irin ernandez Director of Finance Assistant RAN:1H:ab a:structur.wtr Water Rate Structure Proposal Evaluation Rater Bartle -Wells Black&Veatch J. Montgomery NBS-Lowry A 4 3 1 2 8 3 4 1 2 C 4 3 1 2 D 4 3 1 2 15 13 4 8 Cost Rating 4 2 1 3 .......... ... ..... ........... ... ...... ................. T ..... ...... ............ ................................... ---------- ............................................... ............... ............... I ................................................... .......... ........ - -. ............... . ........... ...... ..... ...... . ...................... ..................................... . . ........................ . .. ......... ... ....... .... . .......... .............. .. .................... ­ :-:.: . .. ..................... .. ............... .................... .. . ----- , ............................ . ............................. . ................................................. ............. ........... ............. ................ . ......... ........ .......... I ....... ............................................ .... .... ..... .. ... ... Rating Scale key 4= best rating