Number
081086
Version
ORIGINAL
Reference
Sponsor
ALD. BOHL
Title
Resolution authorizing the Office of the Comptroller to draft and issue an Advisor Request for Proposal to select an Advisor to assist the Common Council in determining if privatizing the Milwaukee Water Works through a long-term lease of Water Works assets to a private sector water utility provider is the highest and best use of this City asset.
Analysis
This resolution authorizes the Office of the Comptroller, in collaboration with the Milwaukee Water Works, the City Attorney and other City departments as needed, to draft and issue an Advisor Request for Proposal (“Advisor RFP”) to select an Advisor to assist the Common Council in determining if privatizing the Milwaukee Water Works through a long-term lease of Water Works assets to a private sector water utility provider is the highest and best use of this City asset (“Water Privatization”).
Body
Whereas, The City of Milwaukee’s funding sources are narrowly defined by statute and City’s funding capacity may be stagnant or contracting over time even though the demand for City services continues to grow and the cost of such services tends to increase each year; and
Whereas, The City seeks new sources of funding in order to maintain a high quality of services for City residents; and
Whereas, The City may be able to secure a new and potentially substantial, annual funding source by privatizing the Milwaukee Water Works through a long-term lease of substantially all Milwaukee Water Works assets to a private sector water utility provider; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Office of the Comptroller, in collaboration with the Milwaukee Water Works, the City Attorney and other City departments as needed, is authorized to draft and issue an Advisor Request for Proposal (“Advisor RFP”) to select an Advisor to assist the Common Council in determining if privatizing the Milwauke...
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