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UTILITIES SEPTEMBER 8, 2012 Committee Members Present: Tim Scott, Valerie Schey, Oliver Davis, Karen White Citizens Members: Chris Sopczynski, Dawn Pontius Other Council Members: Henry Davis, Dr. Ferlic, Dr. Varner, Gavin Ferlic Derek Dieter Other Members: Kathryn Roos, John Burke, Gary Gilot Phil Faccenda Agenda: Bill No. 52-12—Sewage Works Bonds Bill No. 53-12—Water Works Bonds Energy Update—Jon Burke Three agenda items were discussed at Chairperson Tim Scott's Utilities Committee hearing. The first two Bill Nos. 52-12 & 53-12 were for the issuance and sale of water and sewage works bonds. For purposes of public hearing Chairperson Scott allowed a combined presentation. Phil Faccenda from Barnes &Thornburg addressed the purpose and mechanics of the proposed bonds while Gary Gilot Director of Public Works described the reasons behind the request for issuance. He said the storm/sewage separation project mandated by the EPA was proceeding a pace successfully. He added every effort was being made to find efficiencies and green solutions to this next set of a series of bonds and resultant rate adjustments previously approved by Council. This particular issue was not to exceed $25 million. Ultimately after clarifying questions Oliver Davis motioned 52-12 got to Council favorably. Karen White seconded and all approved. Bill No. 53-12 was characterized as a refinance of earlier bond issues allowing the City to enjoy an interest rate reduction of near 2% from an original issuance rate of 5%to an expected 3%. Finally, Oliver Davis motioned a favorable recommendation which Valerie Schey seconded receiving support from all. The other topic on the agenda was an update on what the City was doing to find energy efficiencies. This presentation was made by John Burke who heads the City's energy office. Mr. Burke described efforts made to date as well as proposed initiatives all detailed in a handout for the Council attached to these minutes. Council discussion followed during which Oliver Davis suggested teaming with Transpo to take advantage of possible economies of scale in particular,relating to full costs. Henry Davis suggested the school corporation be collaborated with as well. David Varner advised a close look at the financial considerations of a public/private approach to the investment in a CNG fueling station. After additional Q &A, Tim Scott adjourned at 4:34.