Okay Conservancy District authorizes up to $5,000 engagement for rate study
The board voted to engage a municipal finance/rate-consulting firm (Lending Way Group / LWG) to prepare a 3–5 year rate study and plan, with the board citing better timing and certified review to support future rate adjustments.
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Staff (S2) proposed hiring Lending Way Group (LWG) or a similar municipal finance adviser to conduct a rate study that would review three to five years of operating expenses and the board’s five-year plan. The proposal capped the engagement cost at $5,000 and explained the consultant would help stage future rate increases thoughtfully and provide certified review if the district needs to borrow in the future.
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