Contract - Raftelis Financial Consultants - 1/26/2023 SUPPLEMENTAL AGREEMENT NO. 1
TO "PROFESSIONAL CONSULTING SERVICES RELATED TO
EXPERT WITNESS/LITIGATION SERVICES
FOR WHOLESALE RATE CASES WITH
RAFTELIS FINANCIAL CONSULTANTS, INC."
CITY OF ROUND ROCK §
STATE OF TEXAS § KNOW ALL BY THESE PRESENTS:
COUNTY OF TRAVIS §
COUNTY OF WILLIAMSON §
THIS SUPPLEMENTAL AGREEMENT NO. 1 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.," hereinafter called "Supplemental
Agreement No. 1," 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 Expert Witness/Litigation
Services for Wholesale Rate Cases," hereinafter called the "Agreement," on December 3, 2020
by Resolution No. R-2020-0353; and
WHEREAS, the City desires to amend the Scope of Work and increase the Contract
Amount of$175,000.00 by an additional $141,256.00; and
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 3.01 of the Agreement is hereby amended to read as follows:
3.01 SCOPE OF SERVICES
Consultant shall satisfactorily provide all services described herein and as set forth in the
Addendum to Exhibit "A," attached hereto and incorporated herein by reference or all purposes.
Consultant's undertaking shall be limited to performing services for City and/or advising City
concerning those matters on which Consultant has been specifically engaged. Consultant shall
perform services in accordance with this Agreement in a professional and workmanlike manner
R-202 3-02 3
4873-5499-2455/ss2
pursuant to the Work Schedule attached as Exhibit `B," and incorporated herein by reference for
all purposes.
II.
Section 5.01 of the Agreement is hereby amended to read as follows:
5.01 CONTRACT AMOUNT
In consideration for the consulting services Consultant shall b paid on the basis of actual
hours worked by employees performing work associated with this Agreement, in accordance
with the Fee Schedule attached hereto as the Addendum to Exhibit "C," incorporated herein by
reference for all purposes.
Not-to-Exceed Total Payment for Services: Consultant's total compensation for
consulting services hereunder shall not exceed Three Hundred Sixteen Thousand Two
Hundred Fifty-Six and No/100 Dollars ($316,256.00). This amount represents the absolute
limit of City's liability to Consultant hereunder unless same shall be changed by Supplemental
Agreement, and City shall pay, strictly within the not-to-exceed sum recited herein, Consultant's
fees for work done on behalf of City.
Payment for Reimbursable Expenses: There shall be no payments for reimbursable
expenses included in this Agreement.
III.
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.
[Signatures on the following page.]
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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 RAF"TELIS FINANCIAL
CONSULTANTS,INC.
By: By; Y&La�
Printed Name: A Printed Name: I
Title: tAftng
Title: k1/Vl -L�
Date Signed: Date Signed: �, 11 �-
ATTEST: \
By:
Meagan S , C' Clerk
FOR CITY,APPROVED AS TO FORM:
By:
A�tep4he�LS�andre, City Attorney '
3
ADDENDUM TO EXHIBIT A - SCOPE OF WORK
Raftelis proposes providing the following services for the rate case:
1) Provide financial and rate analysis, as needed,through the rate case
2) Provide rate case support as it relates to Rate Case Application.
3) Rate case support will include providing direct and rebuttal testimony and participation in
hearings.
4) Provide input into rate case strategy;
5) Respond to Requests for Information in coordination with Round Rock staff,
6) Develop any additional analysis required for settlement discussions or the rate case testimony.
Revislm 6/17/2019
ADDENDUM TO EXHIBIT C—FEE SCHEDULE
The initial budget was$175,000. This amendment of$141,256 brings the total to$316,256.This
amendment will be completed on a time and materials basis at the Standard Hourly Billing Rates as
shown below:
Raftelis' 2023 Standard Hourly Billing Rates
Position Hourly Billing Rate
Chair $475
Chief Executive Officer/President $425
Executive Vice President $375
Vice President/Principal Consultant $340
Senior Manager $295
Principal Consultant $280
Manager $260
Director of Strategic Communication Services $260
Software Developer/Manager $260
Senior Consultant $230
Senior Software Developer $230
Consultant $200
Software Developer/Consultant $200
Creative Director $200
Associate Consultant $175
Graphic Designer $150
Analyst $125
Administration $95
Technology/Communications Charge* $10
* Technology/Communications Charge—this is an hourly fee charged monthly for each hour
worked on the project to recover telephone, facsimilie, computer, postage/overnight delivery,
conference calls, electronic/computer webinars, photocopies, etc.
R-iw-6/17/2019