HomeMy WebLinkAboutItem 09 Approval to Contract Raftelis Financial Consultant
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: February 18, 2025
Item #: 9
Contact Name: Trent Hopper Department Director: Jen Bolling
Contact Number: Ext. 4306 City Manager: Craig Shadrix
Subject: Approval to Contract Raftelis Financial Consultants, Inc. to Perform a Water,
Wastewater, and Reclaimed Water Revenue Sufficiency Study. (Utilities Director Bolling)
Background Summary:
The City of Ocoee residential and commercial water rates consist of a base charge and inclining usage rates
to promote water conservation. These rates are periodically reviewed to ensure that they are sufficient to
cover all operating and capital expenses involved in providing continued reliable water, sewer, and reclaimed
water services, as well as regulatory compliance. Raftelis Financial Consultants, Inc. (Raftelis) has
consistently provided multiple departments within the City with comprehensive financial studies. Raftelis has a
proven track record with the City and has in-depth knowledge of City financial practices and projects, and
provided a quote of $51,600.00 to perform a utility revenue study. The study will include a full report detailing
their findings and suggestions, which would require further action from the City Commission to adopt any
approved rate changes.
Issue:
Should the Honorable Mayor and City Commissioners approve to contract Raftelis Financial Consultants, Inc.
to perform a Water, Wastewater, and Reclaimed Water Revenue Sufficiency Study?
Recommendations:
Staff recommends that the Honorable Mayor and City Commissioners approve to contract Raftelis Financial
Consultants, Inc. to perform a Water, Wastewater, and Reclaimed Water Revenue Sufficiency Study. And that
the City Manager be authorized to approve changes to this contract up to the limit of his purchasing authority
for each change order and up to the budgeted amount for this project for all change orders. In addition, staff
recommends that Raftelis Financial Consultants, Inc. be approved as a single source vendor for Utility
Revenue and/or Rate studies.
Attachments:
1. Agreement from Raftelis
Financial Impacts:
This study will be completely funded by G/L#401-531-00-3128 (Professional Services)
Type of Item: Consent
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org