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Agreements for Water Interconnection Study May 17, 2022 Page 3 FISCAL IMPACT As part of the agreement, MNWD agrees to provide all funding required to perform the scope of work and related RFPs identified as part of the agreement, including reasonable City staff time, consultant fees, and legal counsel review of the scope of work deliverables and related RFPs. MNWD will pay the City, on a reimbursement basis, the actual and necessary costs to complete the proposed preliminary design study conducted under the agreement with Stantec. Approval of the requested Appropriation Adjustment will recognize $200,000 in reimbursement obligation funds from MNWD, as outlined in the Interagency Agreement, into the Water, Public Works Water Revenue, Expense Reimbursement revenue account (06017002-57000) and appropriate the same amount into the Water, Water Admin/Engineering, Contract Services — Professional expenditure account (06017645-62300). Project number 22-6475 has been issued to track expenditures for reimbursement purposes. Funds are budgeted and available as shown in the table below. Accounting Unit, Accounting Unit Fund Fiscal Year Account Amount Account # Description Description Contract (3-Year Term) Water 2021-22 06017645-62300 Water Admin/Engineering, 25,000 May -June) 22-6475) Contract Services - Professional Water 2022-23 06017645-62300 Water Admin/Engineering, 130,000 July -June) 22-6475) Contract Services - Professional Water 2023-24 06017645-62300 Water Admin/Engineering, 35,000 July -June) 22-6475) Contract Services - Professional Water 2024-25 06017645-62300 Water Admin/Engineering, 10,000 July -May) 22-6475) Contract Services - Professional TOTAL 200,000 EXHIBIT(S) City Council 30 — 3 5/17/2022 City Council 21 – 6 5/20/2025