Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve Piggybacking the City of West Palm Beach Contract #35325.001 for Utility Rate and Financial Consulting Services under City Contract #20270006.
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Submitted By: Kevin Eggleston, Procurement Contracting Officer I, Procurement Management Division (PMD).
Strategic Plan Link: The City's Goal of Strategic Growth for a Resilient Future
Summary Brief (Agreements/Contracts only)
Prepared by: Kevin Eggleston, Procurement Contracting Officer I, PMD.
Parties: City of Port St. Lucie and Raftelis Financial Consultants, Inc.
Purpose: To obtain utility rate and financial consulting services for the City’s utilities.
New/Renewal/Modified: New.
Duration: Effective upon full execution through February 6, 2029, with two (2) additional one (1)-year renewal options, contingent upon the City of West Palm Beach extending its contract. The maximum potential expiration date is February 6, 2031.
Benefits to Port St. Lucie: Supports informed utility rate decisions, financial planning, and evaluation of future funding needs. The piggyback agreement provides continued access to Raftelis’s consulting services through an existing competitively awarded contract.
Cost to Port St. Lucie (Annual and Potential): Annual expenditures are estimated at $200,000. Total expenditures will depend on the services authorized through individual work authorizations during the initial term and any exercised renewals. All expenditures will be subject to approved annual budgets.
Presentation Information: N/A.
Staff Recommendation: Move that the Council approve, per City Code of Ordinances, Section 35.08(a)(9)(b) (piggyback exception to formal bidding), the piggyback agreement with Raftelis Financial Consultants, Inc. for Utility Rate and Financial Consulting Services using the City of West Palm Beach Contract #35325.001.
Alternate Recommendations:
Move that the Council amend the recommendation and approve the piggyback agreemen...
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