(10)(e)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 01/22/2025
- Title:
- Funding for payment of COTC's commitments to Gulf Coast Water Authority
- Submitted For:
- Dj Hutchinson
- Submitted By:
- Dj Hutchinson, Public Works
- Department:
- Public Works
Information
ACTION REQUEST
Commission Approval of funding required for payment of water purchases and Operation and Maintenance (O&M) commitments to the Gulf Coast Water Authority in the amount of $5,188,200.00 for Budget Year 2024-2025. (Account No. 501701-52450)
BACKGROUND (Brief Summary)
The fee for water and O&M fees is $437,000 per month for a total of $5,244,000.00 per year plus any TRU-UP Charge (water used over contract amount). The City has already paid GCWA $1,311,000.00 for 2024 and recently received a TRU-UP Charge for $188,000.00 for 2024 overages as well, thus leaving a balance of $5,180,000.00 to be paid in 2025. This balance also includes a $1,058,200.00 final payment for the Shannon Pump Station Re-Build which will satisfy the COTC's required $1.6M commitment to this project. The amount being requested that is higher than the balance may be applied to any additional TRU-UP charges incurred during the 2025 Budget Year.
RECOMMENDATION
It is the recommendation of the Utilities Department and Public Works that the Mayor and City Commission approve this funding.