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•CITY OF SOUTH BEND I OFFICE OF THE CLERK ' <br /> Councilmember Davis stated, And so all of that has been paid off from that standpoint. And so, <br /> therefore, we are at the fifteen(15) year? <br /> Ms. Dean replied, Next ye we will start the new agreement. So we are ending off year five (5) <br /> of the first(1St) five (5) year agreement. <br /> Councilmember Davis then asked, So, just for clarification, we would have a fifteen (15) year <br /> agreement plus this bond? Or? <br /> Ms. Dean replied, It is all coupled in,together, in this fifteen(15) year agreement. <br /> Councilmember Davis then asked, Are we separating what we are doing now? <br /> Mr. Jarnecke replied, The current agreement that expires as of December 31 st, 2018, in the event <br /> we were not able to negotiate a new agreement with the Zoological Society, the City would have <br /> taken ownership and operation of the Zoo back on JanuM 1St,2019. We didn't feel that was a core <br /> competency of the City any longer which then pushed us into a more meaningful agreement. Year <br /> one (1) of fifteen (15) starts January 1St, 2019 for a period of fifteen (15) years. <br /> Councilmember Davis stated,And so therefore,that will be similar to what we are doing right now <br /> and that does not include the bonds where the fifteen (15) year agreement is separate from the <br /> bond? <br /> Ms. Dean replied, It is all coupled into the agreement. The amount is all coupled into the <br /> agreement. <br /> Mr. Jarnecke stated, It is spelled out in the presentation. It is front loaded with cash and it tails off. <br /> Year fifteen (15)will be around $300,000. <br /> Councilmember Davis stated, I'm at peace. <br /> Committee Chair White asked, In regards to individuals working on the project, you mentioned it <br /> will be all local? <br /> Ms. Dean confirmed, Yes. <br /> Committee Chair White followed up, There will be union and non-union? <br /> Ms. Dean replied, Yes,there will be a mix of both. Our maintenance is union as well. Half of our <br /> full-time staff is union. <br /> Councilmember Broden stated, I guess I want to concur with Councilmember Davis. The <br /> perception of a pledge and Council support, and I read all that information, it wasn't the best <br /> handled.Union and non-union,I appreciate that.I do have a question though.After the fifteen(15) <br /> years, what is our anticipated level on the Zoo? <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 455 County-City Building 227W.Jefferson Bvld I South Bend,Indiana 466011 p 574.235.9221 if 574.235.9173 1 TM574.235.5567 www.southbendin.gov <br /> 16 <br />