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With the need to write investments down to market value in an amount of approximately $5M, this will decrease <br />the amount of internal funding. So, as of today it is estimated that the sewer & water utility funds will provide <br />about $29M and bonding the rest. The amount of bonding needed will determine how much the sewer and water <br />rates will need to increase. A 10% rate increase was calculated, but this may need to be increased based on final <br />bonding amount. Any funds received from the legislative session will have the direct result of reducing bonding <br />needs and the possible reduction of double-digit utility rate increases. <br />Recommendation: <br />Staff recommends adopting Resolution #23-032. <br />Outcome/Action: <br />Adopt Resolution #23-032 approving plans and specifications and authorizing advertisements for bids for Improvement Project #21-09, <br />Centralized Water Treatment Plant. <br />Resolution 23-032 <br />052521 CCcase Approve Feas Study <br />052521 CCcase WTP RFP <br />072721 CCcase AE2S Contract <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 01/19/2023 03 : 5 8 PM <br />Form Started By: Bruce Westby Started On: 01/17/2023 10:58 AM <br />Final Approval Date: 01/19/2023 <br />