BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Authorize the Chief Executive Officer to Negotiate and Execute a Single Source Consultant Services Agreement with Stantec Consulting Services, Inc. for a not-to-exceed amount of $397,753 for services related to Pursuing Outside Funding Sources in support of the Pacheco Reservoir Expansion Project, Project No. 91954002. (PREVIOUSLY LISTED AS ITEM 5.2)
End
RECOMMENDATION:
Recommendation
Authorize the Chief Executive Officer to negotiate and execute a single source consultant services agreement (Agreement) with Stantec Consulting Services, Inc. for a not-to-exceed amount of $397,753 to provide services related to pursuing a Water Infrastructure Finance and Innovation Act (WIFIA) loan and investigating other potential funding sources for the Pacheco Reservoir Expansion Project that does not substantially differ from the agreement attached to this memorandum.
Body
SUMMARY:
The Pacheco Reservoir Expansion Project (Project) is a multi-agency effort to provide water supply reliability, environmental restoration, and other benefits through construction of new facilities and long-term operational strategies. The Project would include construction of a new dam, conveyance facilities, and appurtenant infrastructure at an estimated cost of $1.3 billion (2019).
On August 14, 2017, Valley Water submitted an application to the California Water Commission (CWC) for the California Proposition 1 Water Storage Investment Program (WSIP) funding for the Project. The CWC conditionally approved Valley Water's full funding request of $484.55 million on July 24, 2018, which included an Early Funding award of $24.2 million. The Early Funding award was authorized by the CWC to reimburse Valley Water for funds expended starting August 14, 2017 for efforts related to the completion of the Environmental Documentation and Permitting for the Project.
The Project has been identified as the preliminary National Economic Development Alternative...
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