Staff recommends approval of the Scope of Services Agreement Attachment A for not to exceed $29,500 and Attachment B for not to exceed $85,000 with R.W. Beck, Inc. for Consulting Engineer’s /Financial Feasibility Report.
This work is Phase II of the in-depth financial analysis of the Utility systems provided by R.W. Beck, Inc. and D.A. Davidson, Inc. R.W. Beck, Inc. will provide Consulting Engineer services and Financial Feasibility Reports required for the Electric System Series 2007 and the Utility System Series 2007 bond issues. They will work cooperatively with D.A. Davidson and City staff to analyze current and projected financial status, utility revenues, and five-year projections of the adopted Capital Improvement Plan.
The final work product will be Consulting Engineer’s Report / Feasibility Study for the proposed Electric System Series 2007 and Utility System Series 2007 bond issues, subject to Commission approval. These reports will include an overview and general update of the City’s Electric Utility System and Utility System (Water, Wastewater, and Gas) Five-Year Capital Improvement Programs. They will include historical summaries and new five year projections similar to those contained in the Consulting Engineer’s Reports prepared prior to the 2004 bond issues.
The contents of the reports are described in detail in the Scope of Services Attachments A and B.
1. Adopt the resolutions as presented; or
2Such alternative action as the Commission may deem appropriate.
The City will be billed actual costs not to exceed $29,500 for the Electric System Revenue Bond Series 2007 and actual costs not to exceed $85,000 for the Utility System Revenue Bond Series 2007. All costs associated with the non-taxable bond issue are reimburseable from bond proceeds, if the bonds are issued.
Prepared by: __________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ______RS_____________
Account No. __________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SCOPE OF SERVICES ATTACHMENT A ELECTRIC SYSTEM REVENUE BOND SERIES 2007 NOT TO EXCEED $29,500 AND SCOPE OF SERVICES ATTACHMENT B UTILITY SYSTEM REVENUE BOND SERIES 2007 NOT TO EXCEED $85,000 WITH R.W. BECK, INC. TO PROVIDE ENGINEERING REPORTS AND FEASIBILITY STUDIES; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute (1) Scope of Services Attachment A Electric System Revenue Bond Series 2007 for not to exceed $29,500 and (2) Scope of Services Attachment B Utility System Revenue Bond Series 2007 for not to exceed $85,000 with R.W. Beck, Inc. whose address is 1000 Legion Place, Suite 1100, Orlando FL 32801, for Consulting Engineer’s Financial Feasibility Reports.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 22nd day of January 2007.