ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-19-20 |
RESOLUTION
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Authorizing the Water Utility Authority to Submit an Application for Funding to the Water Trust Board for Advanced Meter Infrastructure Project Phase 5
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WHEREAS, the Albuquerque Bernalillo County Water Utility Authority (Water Authority) is seeking New Mexico Water Trust Board (WTB) funding for the Advanced Metering Infrastructure Project (AMI Project); and
WHEREAS, the Phase 5 AMI Project will deploy about 16,000 aging meters with modern smart meters in order to save money, deliver more accurate bills and encourage users to conserve water; and
WHEREAS, the Phase 5 AMI Project will save an estimated 123 million gallons of water annually; and
WHEREAS, the funding request for Phase 5 will be $2 million from the WTB funding with 60% matching funds.
BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1. That an application for funding from the Water Trust Board for the AMI Project, be submitted to the New Mexico Finance Authority (NMFA).
Section 2. That approximately $1.2 million in Water Authority matching funds be provided with the funding request.
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 New Mexico Finance Authority and WTB to meet established deadlines for entering into a cooperative agreement.