Label
DPU121824UTILITYRATEREVIEW
Utilities Administration
Doug Stephens (x1847)
Revised
Title
Authorizing the Mayor to enter into a professional services contract with Raftelis Financial Consultants, Inc. for three years for ongoing rate and financial modeling and strategic planning services; authorizing the expenditure of an amount not to exceed $350,000 from the Utility Administration Fund; waiving the competitive bidding provisions of TMC Chapter 187; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ordinance 546-22 authorized professional services relating to the Sewer rate structures and debt issuances for its sanitary sewer utility. These services were used to establish the sewer rates through 2029 and to forecast operating and capital needs through 2035. It is necessary to continue using these professional services to monitor and update these projections as the City moves forward with the major improvements at the water reclamation plant. The Department would now like to waive TMC Chapter 187 to continue this work using Raftelis because they have already completed an intensive analysis of our water and sewer data to create the sewer rate model for the City. Using a different vendor would result in delays and additional cost.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized enter into a three-year contract with Raftelis Financial Consultants, Inc. for ongoing rate and financial modeling and strategic planning services upon terms and conditions acceptable to the Director of Public Utilities and the Director of Law.
SECTION 2. That subject to annual appropriation, an expenditure in an amount not to exceed $350,000 is authorized from the Utility Administration Fund from Account Code 6078-31000-4000524STDSTD for the contract authorized in Section 1.
SECTION 3. That the Finance Director is authorized to issue their warrant or warrants against the...
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