Impact
WARD: Citywide
COMMITTEE:
$ IMPACT: $75,800
Title
Approval to enter into a consulting agreement with Raftelis Financial Consultants for $75,800 to conduct a water and sewer rate and financial planning study and authorize the Mayor to execute any related documents.
Body
ISSUE: The scope of services provided in the agreement is to conduct a water and sewer rate and financial planning study which will also include a high level review of the financial sufficiency of the City's stormwater and sanitation utilities. The results of the study will validate and make recommendations for water, sewer, stormwater, and solid waste rates and fees. Additionally, the study will make comparisons of the City of Smyrna rate structure to surrounding municipalities. Lastly, the study will evaluate the long-term financial position of this enterprise fund with respect to future capital improvement requirements.
BACKGROUND:
RECOMMENDATION/REQUESTED ACTION: Approval