NS Purchasing - Raftelis Financial Consultant - Efland Sewer Rates Study

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aG Dt~~{c ~ ~~`~a ~~~rt ~xrF,,~ti (ELAND SEWER SYSTEM Proposal far date Study for Small wastewater Calectian Utility TECHNICAL SPECIALTIES B.~-.T ~P~ ~- Lead. Co~.St~.ta~,t Rate Stmcture S#udies Bond Forecasts Bad preps joined the fin. in 2Q4~ as a staff consultant Dining his tenure at RFC, he and Feasibility Studies has paxticipated in a variety of projects related to water and wastewater unity finance Economic Feasibili#y S#udies and pricing. Specifcally, Mr. Kreps has served as lead consultant an nurnexous water U#ili#y Regionali~a#ion S#udies and wastewater rate studies, cost of service studies, bond feasibili studies, u~tili Qrganiza~onal Management ~ ~ S#udies regivnali~ation studies, and oxgaaizational management studies. PRQFESSIDNAL HISTQRY REL:~V.ANT PR4f ECT R~PERIFNC~ Raftelis Financial Consultants, InG. ~3allsdae-Powell Utility District, Tennessee Senior Consultant, 29o2-Present Mr. preps has served as lead consultant on several engagements with the 3allsdale- WaGhoviaSecurities Powell Utility 1istrict ~"SPUD"~ in Knoxville, Tennessee. SPUD has faced significant Fixed Income Trad~~g Analyst 1998-~OOO challenges related to capital infrastructure repair and replacement to meet the demands of its growing system. N1r. Kreps assisted in developing a water and wastewater rate EDUCATIQN model that has served as a financial planning tool for the District. The model was Master of Business Administration designed to evaluate a variety of financing assumptions and operating scenarios with the ~Concentratian in Finance and ultimate goal of recommending an appropriate program of rate adjustments to meet Environmental INanagement~ HPUD's projected revenue requirements. The University of Tennessee, 00~ 8achelar of Business Administration City afwiisv~n, Noah Carolina (Concentration in FinanGe3 ~, Kreps served as lead consultant on a bond feasibility and rate study fox the City of James Madison University, 1998 w~lson RFC canducted a bond feasibility study for a revenue bond issue of approximately X15 million to f.nance construction improvements to the City of wd.son's crater, wastewater and gas systems. The feasibility analysis utilized the rate model developed by RFC to project water and wastecater rates based on the proposed bond issue and additional financing including several state revolving loans. '1"he xesulthag rates from the rate model and other f nancial data regarding the f ve-pear forecast period were incorporated into a bond feasibility model and report The feasibility report eras included as part of the official statement to be issued in N'ovembex X442. Rack dill, South Caroiiaaa Mr. Kreps has served as both staff consultant and lead consultant on several engagements with the City of Rock l~l:.ill, South Carol%na the "City'"}. Spea.fically, Mr. Kreps assisted the City in calculating water, wastewater, storm water, and f re development impact fees, In addition, NSr. Kreps has worked with the City to develop a cost of service wholesale rate ~methvdology and associated model to serve as a basis for calculating wholesale water and wastewater rates. Based on a previous regionalization study canducted by RFC, it was determined that it was economically viable for the City to serve as a regional provider of crater and wastewater services to wholesale customers withiia and around York County, SC. ONSU~TANTS, NC 23