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CONSENT ITEM – 5B <br /> <br />MEMORANDUM <br /> <br /> <br />DATE: October 23, 2017 <br /> <br />TO: Mayor and City Council <br /> William S. Joynes, Sr., City Administrator <br /> <br />FROM : Dave Perrault, Interim Director of Finance and Administrative Services <br /> <br />SUBJECT: Utility Rate Study Approval <br /> <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> $55,000 $30,000-$40,000 Utility Funds <br /> <br /> <br />City Council Should Consider <br /> <br />The City Council should consider approving the Utility Rate Study as proposed by Ehlers for <br />future setting of Development Fees and Uti lity Rates. <br /> <br />Background and Discussion <br /> <br />A rate study was last conducted in 2008 by Ehlers and accepted by the City Council. In the last <br />ten years, a formal rate study has not been conducted, the City has relied on internal analysis for <br />rate setting. Looking towards future development projects, TCAAP and other development <br />projects, the City will need a comprehensive analysis of utility rat es to ensure our Enterprise <br />(Utility) Funds, which provide water, sanitary sewer, and surface water management services are <br />financially stable. The City Council had an opportunity to review the RFP and ask questions at <br />the October 16th, 2017 worksession. <br /> <br />Attachments <br /> <br />Attachment A: Utility Rate Study RFP