CITY OF LABELLE  CityobdlaBelle  MINUTES  City Commission Workshop Thursday, June 26, 2024, at 4:00 PM LaBelle Commission Chambers 481 West Hickpochee Avenue LaBelle, Florida 33935 CITY COMMISSION: Julie C. Wilkins., Mayor Dainel Akin, Commissioner Jackie Ratica, Commissioner Bobbie Spratt, Commissioner Hugo Vargas, Commissioner ADMINISTRATION: Tijauna Warner, Deputy City Clerk Derek Rooney, Esq., City Attorney Mitchell Wills, Superintendent PW    City Commission Workshop LIMITED CAPACITY June 26, 2024  Page 2of3  MINUTES  A. CALLTO ORDER  The workshop was called to order by Mayor Wilkins at 4:01 PM. B. INVOCATION AND PLEDGE OF ALLEGIANCE  Commissioner Vargas led thei invocation, Commissioner Ratica led thel Pledge of Allegiance.  C. ROLL CALL PRESENT Mayor Julie C. Wilkins Commissioner Dainel Akin Commissioner Jackie Ratica Commissioner Bobbie Spratt Commissioner Hugo Vargas City Attorney Derek Rooney Deputy City Clerk Tijauna Warner 1. Raftelis Rate Study  Shawn Ocasio (Raftelis Financial Consultant) and Robert Orrea (Raftelis Vice President) advised they were engaged to conduct a comprehensive water and wastewater revenue sufficiency study, alongside a connection fee analysis, for the city. Regarding the revenue sufficiency study, our scope involves conducting detailed financial projections to assess the overall financial health oft the systems. This includes evaluating the adequacy of current rates and projected revenues to cover operational expenses, capital expenditures, debt service payments, loan obligations, and other financial commitments. The analysis aims to ensure that projected rates are sufficient to sustainably cover these costs into the future. As for the connection fee analysis, which they will delve into further in subsequent slides, these fees are assessed on new developments to mitigate thei impact of Mr. Ocasio informed the commission that they commenced their collaboration with the city towards the conclusion oft the calendar year 2022. This initiative was strategically aligned with your ongoing water and sewer utility master planning efforts. Integral to this process was the identification and prioritization of critical capital projects essential for system upgrades, additional capacity requirements, compliance with regulatory mandates such as consent orders, and the The outcomes oft this master planning exercise were crucial inputs furnished to us, enabling their team to conduct a robust financial analysis. This foundational timeline and tramework have guided Mr. Ocasio provided an overview oft the project background followed by a structured presentation format. Initially, he covered the revenue sufficiency analysis, focusing on monthly user rates, base charges, and usage charges. Subsequently, he addressed the connection fee analysis, which pertains Following these analyses, het transitions to a discussion oft their findings, conclusions, and recommendations. This was followed by a question and answer session to address any inquiries.  growth on existing infrastructure.  overall renewal and rehabilitation ofinfrastructure.  their work to its current stage.  to fees associated with new growth, as previously outlined.    City Commission Workshop LIMITED CAPACITY June 26, 2024  Page 3of3  ADJOURN  There being no further business to discuss, Mayor Wilkins adjourned the meeting at 5:47PM.  PC  ATTEST:Tijauna Warner, MMC, Deputy Clerk  C  City