ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-23-27 |
RESOLUTION
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Authorizing the Albuquerque Bernalillo County Water Utility Authority to Submit an Application for Funding to the Water Trust Board for the Advanced Meter Infrastructure Project Phase 8
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WHEREAS, the Albuquerque Bernalillo County Water Utility Authority (Water Authority) is seeking New Mexico Water Trust Board (WTB) funding through the New Mexico Finance Authority (NMFA) for the Advanced Metering Infrastructure Project (AMI Project); and
WHEREAS, the AMI Project Phase 8 will replace about 14,000 aging meters with modern smart meters in order to save money, deliver more accurate bills and encourage users to conserve water; and
WHEREAS, the AMI Project Phase 8 will save an estimated 123 million gallons of water annually; and
WHEREAS, the funding request for the AMI Project Phase 8 will be $2 million from the WTB funding with 50% matching funds by the Water Authority.
BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1. That an application for funding from the WTB for the AMI Project Phase 8, be submitted to the NMFA.
Section 2. That the Water Authority will provide approximately $1 million in matching funds.
Section 3. That the Executive Director shall have the authority to enter into an agreement associated with the financial assistance.
Section 4. That the Executive Director will work with the NMFA and WTB to meet established deadlines for entering into a cooperative agreement.