Assist the City in achieving sustainable water and sanitary sewer rate structures that: adequately fund operations, debt service, and capital improvements; meet debt service ratio and bond covenant requirements; and ensure that each service is operating on a self-sustaining basis. Expected time to project completion is 90-180 days from the date of contract approval. A. The City has identified several key requirements that are important components of a cost of service and rate study. The successful proposer will be required to provide, at a minimum, the services below: a. Meet with appropriate City staff to familiarize themselves with current practices and procedures, as well as the goals and objectives of the City. b. Review relevant materials, reports, studies, etc. developed by/or for the City related to rates including historical cost of service studies, ordinances and relevant contracts. c. Discuss options to modify existing rate structures for more stable revenue recovery and ease of administration.
