Title
Proposed Amendment to GLWA Contract CS-195 effective July 1, 2023 with The Foster Group for Annual Financial Management Consulting at a not-to-exceed amount of $525,000 for a one-year contract, and for task order Bond Transaction System Consultant Services not-to-exceed $325,000
Body
Agenda of: June 28, 2023
Item No.: 2023-182
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: June 28, 2023
RE: Proposed Amendment to GLWA Contract CS-195 effective July 1, 2023 with The Foster Group for Annual Financial Management Consulting at a not-to-exceed amount of $525,000 for a one-year contract, and for task order Bond Transaction System Consultant Services not-to-exceed $325,000
MOTION
Upon recommendation of Nicolette Bateson, Chief Financial Officer & Treasurer, the Board of Directors of the Great Lakes Water Authority authorizes the Chief Executive Officer (CEO) to enter into Contract No. CS-195 effective July 1, 2023 with The Foster Group LLC for Annual Financial Management Consulting Services for a period of one (1) year, and for task order Bond Transaction System Consultant Services not-to-exceed $325,000; and authorizes the CEO to take such action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The Foster Group LLC currently operates under a contract originally approved by the Great Lakes Water Authority Board of Directors in June of 2017. The Board has subsequently approved four (4) extensions to this contract ensuring the continuation of Financial Management Services as well as System Consulting Service (Financing Transaction Services).
The current fixed fee, fixed cost contract with The Foster Group expires June 30, 2023. The Foster Group provides critical services including:
* Member Partner outreach, engagement, and work group support,
* Annual cost of service study encompassing p...
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