CM-2020-043 - 2/14/2020SUPPLEMENTAL AGREEMENT NO. 1
TO "PROFESSIONAL CONSULTING SERVICES RELATED TO
PROVIDING SUPPORT AND DEFENSE OF THE 2015 AND 2017
WHOLESALE UTILITY RATE STUDIES WITH
RAFTELIS FINANCIAL CONSULTANTS, INC."
CITY OF ROUND ROCK §
STATE OF TEXAS §
COUNTY OF TRAVIS §
COUNTY OF WILLIAMSON §
KNOW ALL BY THESE PRESENTS:
THIS SUPPLEMENTAL AGREEMENT NO. l to "City of Round Rock Agreement for
Professional Consulting Services related to Providing Support and Defense of the 2015 and 2017
Wholesale Utility Rate Studies with Raftelis Financial Consultants, Inc.," hereinafter called
"Supplemental Agreement No. I," is made by and between the City of Round Rock, Texas, a
home -rule municipality, hereinafter called the "City" and Raftelis Financial Consultants, Inc.,
hereinafter called the "Consultant," located at 227 W. Trade Street, Suite 1400, Charlotte, North
Carolina 28202.
WHEREAS, the City and Consultant previously executed the referenced "City of Round
Rock Agreement for Professional Consulting Services related to Providing Support and Defense
of the 2015 and 2017 Wholesale Utility Rate Studies," hereinafter called the "Agreement," in the
amount of $150,000.00; and
WHEREAS, the City desires to extend the term of the Agreement only with no changes
to the scope of services or contract amount; and
WHEREAS, it is necessary to amend the term of the Agreement to extend the
completion date to January 31, 2021;
NOW THEREFORE, in consideration of the mutual promises and obligations in the
Agreement and this Supplemental Agreement No. 1, the City and Consultant agree that said
Agreement is amended and supplemented as follows:
I.
Section 1.0I of the Agreement is hereby amended to read as follows:
1.01 EFFECTIVE DATE, DURATION, AND TERM
This Agreement shall be effective on the date this Agreement has been signed by each
party hereto and shall remain in full force and effect unless and until it expires by operation of
the term indicated herein or is terminated or extended as provided herein.
00438854;'s 2
The term of this Agreement shall be until full and satisfactory completion of the work
specified herein is achieved, with an estimated completion date of January 31, 2021.
II.
This Supplemental Agreement No. 1 shall amend the original Agreement only as set forth
herein with no other changes in terms or conditions of the original Agreement.
IN WITNESS WHEREOF, the City and Consultant have executed this Supplemental
Agreement to be effective as of the last date of due execution by both parties.
CITY OF ROUND ROCK, TEXAS
By�T
Printed Narnq; ,
Title:
Date Signed:
ATTEST:
By:
Sara L. White, City Clerk
FOR CITY, APPROVED AS TO FORM:
By:
Stephan . Sheets, City Attorney
RAFTELIS FINANCIAL
By
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City of Round Rock
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Roux Rocx Agenda Item Summary
Agenda Number:
Title: Consider executing Supplemental Agreement No. 1 to "Professional
Consulting Services Related to Providing Support and Defense of the 2015
and 2017 Wholesale Utility Rate Studies with Raftelis Financial Consultants,
Inc."
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 2/7/2020
Dept Director: Michael Thane, Utilities and Environmental Services Director
Cost:
Indexes:
Attachments: Supp. Agmt No. 1
Department: Utilities and Environmental Services
Text of Legislative File CM-2020-043
In 2014, the City initially contracted with Raftelis Financial Consultants, Inc. (RFC) to review the
water and wastewater rates that the City charges to both our retail and wholesale customers.
At that time, the City planned on staying on a three-year schedule to update the water and
wastewater rates to ensure that our rates are set to recover the cost of providing these
services. In order to stay on this schedule, it was time to review the water and wastewater rates
in 2017. That professional services work was completed. After completion of the rate study and
adoption of the new rates, five of the Wholesale Customers, Paloma Lake MUDS No. 1 & 2,
Williamson County MUDs 10 & 11 (Terravista), and Vista Oaks MUD, collectively started to
contest the adopted rates.
This Supplemental Contract No. 1 will extend the term to January 31, 2021 and authorize RFC,
Inc. to continue providing support services to the City in discussions with this wholesale
customer group. Tasks under this contract may include corresponding or meetings with the
group to discuss how the adopted rates were calculated using the rate model and advising or
representing the City in a rate case at the Public Utilities Commission, if necessary. This
contract will be billed based on time and materials expended and not -to -exceed the original
contract amount of $150,000.
City of Round Rock Page 1 Printed on 21mam