Committee updated on water-meter replacement loan and upcoming RFP
Finance staff said an interfund loan of $1.5 million was made to finance planned water-meter purchases; the city is drafting an RFP and expects installation to occur over subsequent years.
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Staff told the committee the city made an interfund loan of $1,500,000 from the general fund to the public-works engineering fund to support purchase of new water meters. Adams said staff had not completed the RFP last year but that the RFP work was underway and purchases are expected before year-end; installations would follow in subsequent years.
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