Finanacial Planning and Rate Modeling Services for DME-6229-Award/Ordinance/PricingAN ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE A PROFESSIONAL
SERVICES AGREEMENT FOR FINANCIAL PLANNING AND RATE MODELING SERVICES
FOR DENTON MUNICIPAL ELECTRIC AND WATER/WASTEWATER UTILITIES;
PROVIDING FOR THE EXPENDITURE OF FUNDS THEREFOR; AND PROVIDING AN
EFFECTIVE DATE (FILE 6229—AWARDED TO NEWGEN STRATEGIES & SOLUTIONS, LLC
IN AN AMOUNT NOT -TO -EXCEED $215,000).
WHEREAS, The professional services provider (the "Provider) mentioned in this ordinance
is being selected as the most highly qualified on the basis of its demonstrated competence and
qualifications to perform the proposed professional services; and
WHEREAS, The fees under the proposed contract are fair and reasonable and are consistent
with and not higher than the recommended practices and fees published by the professional
associations applicable to the Provider's profession and such fees do not exceed the maximum
provided by law; NOW, THEREFORE,
SECTION 1. That the City Manager is hereby authorized to enter into a professional service
contract with NewGen Strategies & Solutions, LLC, to provide financial planning and rate modeling
services for Denton Municipal Electric and Water/Wastewater Utilities, a copy of which is attached
hereto and incorporated by reference herein.
SECTION 2. The City Manager is authorized to expend funds as required by the attached
contract.
SECTION 3. The City Council of the City of Denton, Texas hereby expressly delegates the
authority to take any actions that may be required or permitted to be performed by the City of Denton
under File 6229 to the City Manager of the City of Denton, Texas, or his designee.
SECTION 4. The findings in the preamble of this ordinance are incorporated herein by
reference.
SECTION 5. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the day of OC--- ` 1 2016.
CHRIS A' "I'S A
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPRI iMEDAtlTO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: