City of Round Rock - File #: 2024-129

• File #: 2024-129
• Type: Resolution
• Status: Agenda Ready
• File created: 5/8/2024
• In control: City Council
• On agenda: 5/23/2024
• Final action: 5/23/2024
• Title: Consider a resolution authorizing the Mayor to execute Supplemental Agreement No. 3 to "City of Round Rock Agreement for Professional Consulting Services related to Expert Witness/Litigation Services for Wholesale Rate Cases with Raftelis Financial Consultants, Inc."
• Indexes: Utility Fund

Date	Ver.	Action By	Action	Result
5/23/2024	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute Supplemental Agreement No. 3 to "City of Round Rock Agreement for Professional Consulting Services related to Expert Witness/Litigation Services for Wholesale Rate Cases with Raftelis Financial Consultants, Inc."

Body

For the past two utility rate updates, the City has contracted with Raftelis Financial Consultants, Inc. to be our rate consultant in regards to rate analysis and design for the City’s water, wastewater and stormwater rates established for our retail and wholesale customers.

Several years ago, five of the City’s wholesale customers filed a lawsuit against the City in regards to their water and wastewater rates. This lawsuit is still in litigation with the Public Utility Commission. The City has contracted with Raftelis for any necessary expert witness/litigation services in regards to this case.  Raftelis has been providing financial and rate analysis and support throughout the rate case as it relates to the 2017 Wholesale Rate Study. This includes providing rebuttal testimony and participation in hearings, if necessary, as well as provide input to rate case strategy and any additional analysis required for settlement discussion.

Because the case is heading to trial later this year, the City would like to increase the contract amount with Raftelis.  This Supplemental Agreement No. 3 will increase their contract amount by $350,000 for a new total contract of $836,256.

Cost: $350,000

Source of Funds: Utility Fund