Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.

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2O9 N. MAIN STREET SUITE 2O7 SOUTH BEND, INDIANA 46601-1200 PHONE 219/235-9322 FAX 219/235-9728 TDD 219/235-5567 CITY OF SOUTH BEND STEPHEN ,J. LUECKE, MAYOR SOUTH SEND WATER WORKS ,JOHN F. STANCATI DIRECTOR June 3, 1997 South Bend Common Council 4th Floor, County-City Building South Bend, Indiana 46601 Dear Councilmembers: The South Bend Water Works has proposed a rate increase and bond issue in the amount of $22,500,000 for capital improvements which are needed for the present and future of the utility. This includes items such as reservoirs, booster stations, main extensions and filtration plants. The distribution system will not only be improved as to the equalization of pressure and increased storage, but also 80% of our water will now be filtered for the removal of iron from our system. These projects are consistent with our master plan and represent a needed investment for one of our most treasured assets. The cost of these projects to our minimum users is $.07 per day and $.11 per day for our average users. These increases will still keep us at the lower 25% of the municipalities rate chart and $.27 a day less than the average private water companies in Indiana. Sincerely, ~~_ ,_ `~ `John F. Stancati, Director South Bend Water Works Ftt~d to Ct~rt~'s ®~~(ce ~r ,~ ~ ~~ - ~+ 197 IORETTlI J. r,uar. CITY CLERI{, SO. BEfiD, Itl.