Title
Discussion of issues relating to the Investment Grade Audit (IGA) performed by Performance Services, Inc. for the Advanced Metering Infrastructure (AMI) Project.
Body
Summary:
At the August 15, 2023 City Council meeting, the City Council awarded the City of Deer Park’s Request for Proposal (RFP) for the City’s Advanced Metering Infrastructure (AMI) to Project Performance Services, Inc. The RFP specified completion of an Investment Grade Audit (IGA) by the selected proposer would be required.
PSI has completed the City’s IGA, and will be discussing with City Council at the March 5, 2024 City Council Workshop. At the March 5, 2024 City Council Meeting, it is on the agenda to be recommended to City Council by City Staff to accept the IGA performed by PSI and authorize the amendment for the agreement awarded on August 15, 2023.
Fiscal/Budgetary Impact:
Services for this project are to be funded by American Rescue Plan Act funds from the U.S. Department of Treasury awarded to the City of Deer Park and received in August 2021 and September 2022, respectively, totaling $8,302,583.02. The funds are available for this purpose. All funds must be appropriated by December 31, 2024 and expensed by December 31, 2026.
Additional funding will be used from unassigned reserves, which is available for that purpose.
Recommended action
Discussion only in Workshop.