Utility Rate Study Services Agreement

The contract is for a utility rate study services agreement between the City of Edgewater, Florida, and Raftelis Financial Consultants. The scope of work includes a cost of service analysis, rate design, customer impact evaluation, and presentation to the City Council. The contract has a total value of $45,900 and a duration of 5 years. The City of Edgewater is responsible for drafting the updated utility user rate documents, while Raftelis will provide a general review of the codification documents. The contract also includes provisions for meetings and presentations to the City Council. • The contract includes a cost of service analysis to allocate costs among the City's customers and rate structure components. • The contract includes a rate design evaluation to develop alternative rate structures for the City's water and wastewater system. • The contract includes a customer impact evaluation to identify the impact of alternative rates on average customers. • The contract includes a presentation to the City Council to present the results of the rate design analysis.