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