TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, DIRECTOR OF PUBLIC WORKS
SUBJECT
title
Professional Services Agreements - Raftelis Financial Consultants, Inc.
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RECOMMENDATION
recommendation
1) Approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Domestic Water, Recycled Water, and Sewer Rate Study in an amount not to exceed $95,755; 2) appropriate $52,347.50 to the Sewer Fund (Fund 530); 3) approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Storm Drain Utility Rate Study in an amount not to exceed $153,421; 4) appropriate $153,421 to the Storm Drain Fund (Fund 540); and 5) authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
Requires appropriations from the following two funds: the Storm Drain Fund (Fund 540) for $153,421 and the Sewer Fund (Fund 530) for $52,347.50. Sufficient funds are available in both fund balances to award this contract.
Water, Sewer, & Storm Drain Funding Allocation
Fund
Additional Appropriation
Cost
520 - Water Fund
$0
$43,407.50
530 - Sewer Fund
$52,347.50
$52,347.50
540 - Storm Drain Fund
$153,421.00
$153,421.00
Total Cost
$249,176.00
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Financial Stability
* Responsible Long-Range Planning
* Exemplary Leadership
Revenue:
Expenditure: 5207300-43650, 5307320-43650, 5407350-43650
Transfer In:
Transfer Out:
BACKGROUND
In October 2022, the City of Chino entered into an agreement with Raftelis Financial Consultants, Inc. to conduct utility rate studies for water, wastewater (sewer collection), and sol...
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