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pace;efficiencies and green solutions and this set of bonds added to the success.This bond sale <br /> was not to exceed$25 million. Bill 52-12 was passed by council. <br /> • Bill No. 53-12 was a refinance of an earlier bond allowing the City to enjoy an interest rate <br /> reduction of nearly 2%from the original rate of 5%.This also passed by Council. <br /> • The City presented any ramifications to the citizens and any affects the closing of New Energy <br /> ethanol plant in the county. <br /> • Former Public Works Director,Gary Gilot along with City Engineer Mike Mecham told the <br /> committee,on Nov 26th,that it was too early to tell. But the city would not expect <br /> payments around $2 million a year to continue in 2013.This might mean rate hikes for <br /> citizens.The City will report back in 2-3 months on any affect. <br /> • Also,the committee was informed of a "wait and see"solution for the sewage smell <br /> generated by New Energy within the city limits and its effects on residents. Mike Mecham, <br /> City Engineering, is prepared to implement a system of new storm drain covers to alleviate <br /> the smell issue.With New Energy closed there is no need to implement a solution.Also,the <br /> City would be power washing any debris left over by New Energy to move it out of our <br /> sewer system. <br /> I would like to thank our Citizen Members, Dawn Pontius and Christine Sopczynski for their participation <br /> on this committee. Both were two of many that applied for the committee. Citizen involvement is what <br /> makes our government stronger and transparent for all. I also want to thank my Council colleagues for <br /> their input and guidance during this first year.Thank you to Kathy Cekanski-Farrand,John Voorde, Mary <br /> Beth Wisniewski and Janice Talboom for their support.Thank you to all the City Department heads and <br /> personnel that came and contributed to this committee and for sharing their acknowledgement and <br /> experience so we can be informed and make the best decisions for the all within the City of South Bend. <br /> Thank you. <br /> Respect. . ubmitt!: <br /> Tim Sco -4. + N' <br /> Utilities Committee Chairperson <br /> 1St District Council Member <br /> Filed in4 :Office <br /> DEC 10 0`Z01 <br /> CITY CLERKS --k 'i h aEND,IN <br />