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REGULAR MEETING NOVEMBER 11,2013 <br /> $6 million dollars a year which includes $10 million dollars' worth of cash outlays for other <br /> construction. Often we create that with this schedule and not think that we can do it for less <br /> along the way, so we are actual neutral at that point in time. I think that is the discussion that we <br /> have to have. <br /> John Skomp: So one of the things this schedule highly anticipates as we go forward is that some <br /> of the bond issues roll off as the new ones come on. When you get out to 2029 and 2030 there is <br /> not a cash cow where it all stops. <br /> Councilmember Dr. David Varner: No, I understand that. The bonds have to pay out. <br /> John Skomp: The bonds have to pay out, they are 20 year bonds. <br /> Councilmember Dr. David Varner: It doesn't go on forever. <br /> John Skomp: Correct, we hope that the (inaudible) does not go on forever, it dissipates. <br /> Councilmember Dr. David Varner: Alright, we will clarify some of that. <br /> Councilmember Dr. Fred Ferlic: Is that right, did rates not go up for up fourteen (14) years or <br /> did they go up by inflation. <br /> Council Attorney Kathleen Cekanski-Farrand: Prior to 1989 they did not go up. <br /> Councilmember Dr. Fred Ferlic: Fourteen years after that they did not go up right? <br /> Council Attorney Kathleen Cekanski-Farrand: They started going up from 1989 on. ' <br /> Councilmember Dr. Fred Ferlic: But,prior to that they did not go up. <br /> John Skomp: From 1989 to 2003 they did not go up. <br /> Councilmember Dr. Fred Ferlic: They did not go up, so we kind of got behind the eight ball <br /> there. Then you had these massive increases, which were necessary. We just have to go through <br /> the numbers, each week. <br /> Chairperson White: We thank you for the presentation again, this is the second public hearing <br /> that we have in regard to this particular bill. We do foresee that we will have other hearings as <br /> well. We will now move to the public hearing portion. <br /> This being the time heretofore set for the Public Hearing on the above bill,proponents and <br /> opponents were given an opportunity to be heard. <br /> Councilmember Oliver Davis: Excuse me madam chair, I think that this is the first public <br /> hearing? <br /> Council Attorney Kathleen Cekanski-Farrand: This is the first for the Common Council, we <br /> have had committee meetings. <br /> Kathleen Petitjean, 119 S. 26th Street, South Bend, Indiana, I am torn between being on one side <br /> or the other, but I want you to know that I recognize that the City of South Bend has to, we have <br /> to address the raw sewage and pollution that is going our river, and it is mandated of course by <br /> the government that we do this. And I recognize that this is going to cost us money, and we have <br /> to do this and I would support a rate increase with the caveat that we explore natural hydrologic <br /> solutions such as permeable pavement as other green solutions retaining our heritage trees that <br /> reduce the overall cost of this project. Recently at Greentown an event that was supported by the <br /> City, there was a presenter who demonstrated that municipalities all over the country are <br /> realizing significant savings by using these so called"green solutions"by using the natural <br /> hydrology of the earth we can save a lot of money and not even have to increase the waste water <br />