New Richmond Utilities Agenda Packet 2026-06-03
Historical HydroCorp one-year contracts reviewed
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Description
New Richmond Utilities noted that past one-year HydroCorp contracts carried 6% annual increases, prompting consideration of a new five-year contract to achieve cost savings. The historical arrangement informs the utility’s decision to shift to a longer-term agreement.
Contract Details
Vendor
HYDROCORP INC
Agency
Housing Authority of the city of New Richmond, WI
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 2, 2026
Contract Term
Annual increases previously 6%; five-year option limits to 3%
Renewal Info
Historically renewed annually with 6% annual rate increases; being replaced by a five-year contract structure with lower annual increases.
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APPROVEDIssuing Agency
Housing Authority of the city of New Richmond
Local Housing Authority
New Richmond, WI
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