HomeMy WebLinkAboutCC 13 WTR RATE STRUC 10-21-91CONSENT CALENDAR NO. 13
10/21/91
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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
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Rating Scale key 4= best rating