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HomeMy WebLinkAbout11-04-13 UtilitiesUTILITIES NOVEMBER 4, 2013 5:00 P.M. Committee Members Present: Valerie Schey, Oliver Davis, Henry Davis, Karen White Other Council Present: Tim Scott, Dr. Fred Ferlic (AB), Dr. David Varner, Gavin Ferlic, Derek Dieter Citizen Members Present: Carol Davis Others Present: John Stomp, Kathy Ciesanski - Farrand, John Murphy, Jack Dillon, Mark Neal, Cecil Eastman, Eric Horvath, Becky Schafer, Erin Blasko Agenda: Discussion of Proposed Utility Rates This meeting of the Utilities Committee chaired by Valerie Schey was called to give the City Administration an opportunity to discuss proposed sewer rate increases. It will undoubtedly be only the first of a series of discussions regarding the most appropriate way to fund the EPA /IDEM mandated storm /sanitary sewer separation project. Valerie distributed several handouts (attached) prior to the presentation which was made by Eric Horvath, Director of Public Works. Referring to the handouts and aided by a slide presentation (to be provided in paper form at a later date) Eric recounted the EPA mandate, the work done by the City so far to meet the requirements and the work yet to be done. He covered overall project costs detailing costs for specific benchmarks in phase I and phase II. The how best to pay for the project was covered in yet another handout (attached) prepared by Crowe Horwath an accounting consultant represented at this meeting by John Stomp. Also present was Becky Schafer representing the engineering consulting firm of Greeley Hansen. In short, the construction would be funded by a balance of cash and bond financing made possible by suggested sewer rate increase of 9% each year for the next three (3) years. Most of the following discussion by Councilmembers present revolved around the City's pace in trying to achieve EPA compliance. Forestalling compliance efforts to meet minimum standards was urged, not to take issue with the mandate itself; but to lessen increases in rates in the near term. The counter argument to the approach was basically the "pay me now or pay me more later" rationale. Greeley and Hansen's long term control plan has a price estimated to be over $600 million. Crowe's analysis and funding plan based upon this plan is the one now being proposed by the Administration for Council consideration. Councilmembers feel alternative funding proposals should be developed and more discussion be necessary before rate increase approvals. R spec ully Submitted, alerie Schey, Chairperson Utilities su�n * *An AV recording of this meeting is available upon request.