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THE CITY OF 11 -•• ••' r' CITY COUNCIL AGENDA REPORT PLEASANTON,, September 3, 2019 Finance Operations Services TITLE: APPROVE AGREEMENT WITH RAFTELIS FINANCIAL CONSULTANT, INC FOR WATER AND SEWER RATE CONSULTING SERVICES SUMMARY In October 2015, the City increased the water and sewer rates following a comprehensive rate analysis. Per Proposition 218, the City is required to review these rates a minimum of every five years. As a result of this, in May 2019 staff sent out a request for proposal (Request for Qualifications) for water and sewer rate consulting services. Staff received five responses (Proposals) to the Request for Qualifications and interviewed two out of the five firms. Based on the evaluation criteria in the RFQ and the interviews, staff has determined that the most qualified firm is Raftelis Financial Consultants, Inc. Staff is recommending that the Council authorize the City Manager to sign a professional services contract with Raftelis, Inc. in an amount not to exceed $104,930. In addition, staff recommends that City Council authorize the City Manager to modify the contract for up to $10,493 or 10 percent of the contract. RECOMMENDATION Approve and authorize the City Manager to (1) enter into a contract with Raftelis, Inc. in an amount not to exceed $104,930 and (2) modify the contract for up to $10,493 or 10 percent of the contract. FISCAL IMPACT The Water and Sewer Funds' FY 2019/20 budget include a total of $120,000 to fund the water and sewer rate studies.