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(10)(e)

CITY COMMISSION REGULAR MTG

Meeting Date:

01/22/2025

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.

Fiscal Impact

Attachments

Exhibit A GCWA Invoices

Resolution