Broken Arrow Municipal Authority
Meeting of: 12-05-2017
To: Chairman and Authority Members
From: Utilities Department
Title:
title
Consideration, discussion and possible approval of and authorization to execute a Consulting Services Agreement with Black & Veatch Management Consulting to update the water, wastewater and stormwater financial plans for the City of Broken Arrow and the Broken Arrow Municipal Authority
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Background:
In December of 2015, BAMA entered into a contract with Black & Veatch to review and update the current water, wastewater and stormwater rates and project revenue requirements for the next 5-year period.
This proposal is to review the existing water, wastewater and stormwater rates and project the revenue requirements for the next 5 year period. The revenue requirements shall take into consideration the operation and maintenance expense, debt service on existing and proposed Oklahoma Water Resources Board State Revolving Fund loans, transfers to the General Fund and the 5 year Capital Improvement Program (CIP). Following the development of the revenue requirements, Black & Veatch will develop a 5 year cash flow analysis to determine the level of revenue adjustment needed for the water, wastewater and stormwater utilities for each year of the study period. Funding is available in the operational budget of BAMA.
Cost: Not to exceed $49,000
Prepared By: Anthony C. Daniel, Utilities Director
Reviewed By: Finance Department
Assistant City Manager-Operations
Legal Department
Approved By: Michael L. Spurgeon, City Manager
Attachments: Professional Services Proposal for Water, Wastewater and Stormwater Rate Study
Recommendation: Approve and authorize execution of a Consulting Services Agreement with Black & Veatch Management Consulting to update the water, wastewater and stormwater financial plans.