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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />4.6 <br /> <br />Meeting Date <br />June 16, 2025 <br />Prepared By <br />Justin Femrite, Public Works Director/Chief Engineer <br /> <br />Item Description <br />Agreement 25-13: Sanitary Sewer and Storm Water <br />Revenue Adequacy Analysis <br />Reviewed by <br />Justin Femrite <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Approve, by motion, executing Agreement 25-13 with AMKO Bond Services to complete a review of our <br />Sanitary and Storm Water rates. <br /> <br /> <br />Background/Discussion <br />As detailed in the Capital Improvement Plan, we have solicited quotations for an analysis of our sanitary and <br />storm water rates. This analysis will help determine how rates should be set for the next 3–5 years. The last <br />analysis was completed in 2021. <br /> <br />Two quotations were received and staff recommends awarding the work to AMKO Bonding Services. AMKO <br />was the most competitive with the pricing they provided. <br /> <br />Financial Impact <br />The total service fee of $10,000 would be split evenly between the Sanitary and Storm Water funds ($5,000 <br />each). <br /> <br />Mission/Policy/Goal <br />Responsible for Every Dollar <br /> <br />Attachments <br />1. Elk River MN - Sanitary and Storm Sewer Rate Analysis June 2025 <br /> <br /> <br />Page 91 of 637