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CITY OF RIVERSIDE <br /> PUBLIC UTILITIES DEPARTMENT <br /> Finance/Marketin Committ ee Meeting <br /> MINUTES <br /> OCTOBER 28,2011 <br /> COMMITTEE MEMBERS PRESENT: STAFF MEMBERS PRESENT: <br /> Robert Elliott(Chair) Dave Wright,Utilities General Manager <br /> Bernie Titus Reiko Kerr, Utilities Chief Financial Officer <br /> Justin Scott-Coe Gary Nolff,Assistant General Manager Resources <br /> Mike Bacich, Utilities Assistant General Manager Marketing <br /> ABSENT Susan Wilson, Deputy City Attorney <br /> Ian Davidson Staci Sullivan, Principal Analyst <br /> Charles Black, Power Planning/Marketing Manager <br /> Scott Lesch, Utilities Senior Resources Analyst <br /> Irene Martinez, Real Property Agent <br /> Board Chair Elliott called the meeting to order at 9:00 a.m. <br /> 1. CITIZENS PARTICIPATION <br /> None. <br /> 2. RESOURCE PORTFOLIO MODELING SOFTWARE <br /> Power Planning/Marketing Manager Charles Black provided a presentation that recommends replacement <br /> of the existing software (acquired over twenty years ago)with a much more powerful product by Ascend <br /> Analytics that offers more advanced, flexible modeling capabilities, and will integrate with the other <br /> software in the power resources division. The committee recommended approval by the Public Utilities <br /> Board. <br /> Moved: Titus Second: Scott-Coe All Ayes <br /> 3. EXCLUSIVE NEGOTIATING AGREEMENT("ENA")wITH HILLWOOD ENTERPRISE.LLP <br /> Assistant General Manager Nolff discussed the proposed agreement between the City of Riverside and <br /> Hiliwood Enterprises, LLP concerning property in the San Bernardino basin. The Committee <br /> recommended approval of the agreement by the Public Utilities Board. <br /> Moved: Scott-Coe Second:Titus All Ayes <br /> 4. PROPOSED CHANGESJUPDATES TO RATES/RULES <br /> Assistant General Manager Finance/Administration Kerr provided a general discussion of items to be <br /> Included in the public hearing process for recycled water. These items would implement <br /> recommendations from the water cost of service study, incorporate legislative mandates and reflect our <br /> current practices into our rules/rates for a more transparent process to customers. The Committee <br /> recommended that the full presentation be brought directly to the Public Utilities Board for consideration. <br /> 5. GENERAL MANAGERS REPORT <br /> General Manager Wright discussed a November trip to the three rating agencies to provide the annual <br /> update of the status of the utility. <br /> 6. ITEMS FOR FUTURE MEETINGS <br /> None. <br /> Having no other business,the meeting adjourned at 9:45 a.m. <br /> By: Dated: 11/2 11 <br /> Reiko"'A. Kerr, Public Utilities Chief Financial Officer <br />