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Authorization to Proceed with Water Meter Replacement Program and Approval of Agreements with Siemens Corporation, HD Supply, Sensus, and Superion in the Amount Not-to-Exceed $3,500,000 (Trustee Weider)
Summary: Staff has worked in conjunction with Siemens Corporation to develop a Village-wide water meter replacement and wireless meter read program as a solution to the 20% unbilled water consumption. Under this proposed program, approximately 6,600 water meters and transmitters will provide hourly wireless readings. The funding for this project is expected to exceed $3.2 million to be recouped over approximately 15 years through accurately billed consumption of water.
As presented at the previous Village Board meeting on September 18, 2017, Staff proposes a capital lease with U.S. Bancorp Government Leasing and Finance, Inc. to provide funding for the contract with Siemens for $3 million, which will provide the majority of the funds needed for the project. Additional one-time and annual operating expenses will be funded through the Water and Sewer Fund.
Staff is requesting approval to proceed with the water meter replacement project scope and authorization of contracts with Siemens Corporation, HD Supply, Sensus, and Superion in the Amount Not-to-Exceed $3,500,000.
Recommended Action: A motion to approve the water meter replacement project scope and authorization of contracts with Siemens Corporation, HD Supply, Sensus, and Superion in the Amount Not-to-Exceed $3,500,000.