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Maggie Jin, Finance Director <br />City of Orono <br />2750 Kelley Parkway <br />Orono, Minnesota 55356 <br />Dear Maggie, <br />Thank you for the opportunity to submit this proposal to the City of Orono (the City) for partnering with the City on a <br />Utility Rate Study Proposal. Based on our experience with the type of work outlined in the proposal, we are confident <br />our experience and expertise will allow us to exceed your expectations. Our proposal will demonstrate to you that <br />Abdo will be the service provider of choice for your City. <br />Our success has been driven by utilizing staff that is experienced and well trained in governmental planning and <br />operations. We understand attention to detail, project approach, management plan and quality work product are <br />important factors in your selection process. We are confident in our ability to demonstrate we are the firm to select. <br />Our approach to this project is to engage with City staff to ensure we have an exceptional understanding of the <br />project, each individual's role in the project, overall expectations and desires as well as exceptions to standard <br />operations. Throughout the project there will be periodic meetings with City staff to share information, solicit input <br />and provide updates. <br />UTILITY RATE STUDY <br />The City has requested a proposal for preparing a utility rate study for the City, which compromises the Water, Sewer <br />and Stormwater utility rate projections for the years 2025 - 2030, including the related summaries of significant <br />assumptions and accounting policies. The goal of this evaluation will be to project the water and sewer rates taking <br />into account current and future water and sewer projects that are outlined in the City's utility rate study. <br />A projection presents, to the best of management's knowledge and belief, the City's expected cash balances for the <br />projection period assuming managements expected borrowing, capital purchase, expenditure change, and revenue <br />change assumptions. It is based on management's assumptions, reflecting conditions it expects to exist and the <br />course of action it expects would be taken during the projection period assuming the aforementioned assumptions. <br />The projection is designed to provide management and Council a tool for future planning and might not be useful for <br />other purposes. <br />1 212 <br />