Agmt89 Kennedy Jenks Chilton - Laserfiche WebLink

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Kennedy 3eflks ~C~lm 4. Discuss cost allocation policies, including general overhead. Review connection fees for both water and sewer services. FINANCING ALTERNATIVES We will review the alternative financing mechanisms available to the City for financing the improvements listed in the Master Plans, discussing general and practical limitations and costs applicable to each method. In addition to pay as you go financing, alternative financing methods to be examined include: ]. General obligations bonds; 2. Revenue bonds; 3. Short term borrowing; 4. Special assessment proceedings; and 5. Forms of leasing financing such as joint power authority, non-profit corporation bonds, and certifications of participation. RATE AND FINANCING PLAN Prepare and submit a report of findings based on the review described above, analyzing financing alternatives for the master plans and making recommendations based on the City's needs and resources. Examine methods for raising revenues required to pay water and sewer costs, and make recommendations. If changes are believed advisable in operating procedures or rates for water and sewer services, discuss these changes and make appropriate recommendations. Submit a preliminary report draft to the City for review and comment. Thereafter, furnish ten (10) copies of the completed report. The report will include a five {5) year revenue and expense projection for water and sewer enterprises, and a comparison of existing and proposed rates and charges for a typical residence. GENERAL CONSULTATION Following completion of our report, remain available for a period of one hundred eighty (]80) days to provide general consultations to the City regarding implementation of report recommendations. The cooperation of the City staff will be required in obtaining financial data including original cost of existing facilities, current operating data, audits, budgets, and engineering studies.