Cost Plus | Kronenwetter for Council | LSL Replacement
Channel: Kronenwetter for Council
Date: 09/02/2024

Catherine Kronenwetter walks through the contract language and the perception of costs for the lead service line replacement program previously approved by the Wausau City Council.  See below in the description for chapter time stamps to skip sections, links to documents and the TLDW summary.

Chapters:
00:00 Intro
02:40 Direct Costs
04:40 Cost Plus Base Fee
06:00 Cost Plus Performance
08:12 Plus General Requirements
08:50 Plus Financing
11:00 How did we get here? What must we do better: inaccurate, incomplete, unprepared...
26:15 The fiscal impact is blankety-blank
33:27 In summary
34:05 Outro, we laugh so we don't cry

District 1, join in on the conversation, I'd love to hear your feedback. Do you have ideas? What else would you want me to cover?
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TLDW:
Source of funds unconfirmed
- Project costs: ?
- Program costs: ?
- Base fee: 7.5%
- Performance fee: up to 5%
- General requirements: 2.5% including overhead
- Interim financing: 8%
- DNR loan: .5%
- Third party inspections: ?
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More information on Catherine at https://www.district1wausau.com
Catherine Kronenwetter is a candidate for Alderman in the City of Wausau's District 1.
This video was created by Catherine Kronenwetter and is paid for by Kronenwetter for Council

Links to sources:
December 19th  Common Council Meeting: https://www.youtube.com/live/54lfmyM1JAk?si=aWRsaCgfKs4d0wwC 
December 19th packet, including contract: https://www.wausauwi.gov/home/showpublisheddocument/10433/638384916799600000
January 23rd Common Council Meeting: https://www.youtube.com/live/LAaP43aRq4A?si=iwTS0uTTpah9xmbx