08-10-09 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING AUGUST 10, 2009 BILL NO. 56-09 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF CERTAIN IMPROVEMENTS AND EXTENSIONS TO THE CITY’S SEWAGE WORKS, THE ISSUANCE AND SALE OF ADDITIONAL REVENUE BONDS TO PROVIDE FUNDS FOR THEY PAYMENT OF THE COSTS THEREOF, THE ISSUANCE AND SALE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH BONDS AND THE COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF SUCH SEWAGE WORKS AND OTHER RELATED MATTERS nd Councilmember White made a motion to hear the 2 Substitute version of this bill. Councilmember Rouse seconded the motion which carried by a voice vote of seven (7) ayes. Councilmember Oliver Davis, Chairperson, Utilities Committee, reported that this nd committee met on this 2 substitute bill this afternoon and voted to send to full Council with a favorable recommendation. th Mr. Gary Gilot, Director, Public Works Department, 13 Floor County-City Building, 227 W. Jefferson Blvd., South Bend, Indiana, made the presentation for this bill. Mr. Gilot advised that this is a finance mechanism for a loan grant combination under the Federal Economic Stimulus Program. He stated that the City of South Bend will receive 3.1 million dollars of stimulus dollars distributed to the State of Indiana and then onto the City through the State Revolving Fund. He stated that there will be about a 1.8 million dollar grant which will be phased as a forgivable zero percent loan and then there will be a low interest loan in the amount of 1.2 million at about 3.8% interest that the City will have to pay back over time out of waste water revenues. The project that was select out of all the project that were requested out of stimulus funding in the waste water area is high tech solution called CSO Net Phase II. Mr. Gilot stated that some embedded sensor technology developed at Notre Dame and Purdue and it allows the City to do real time monitoring and control and optimizes storage and it is a good thing for the rates payers. It is much more economical than the conventional civil engineering solution. This program will cost out with the pipe work and all at about 6 million dollars, the conventional approach would be 120 million dollars. So, the City is getting some grant and loan assistance and receiving a new technology that is a real breakthrough in terms of environmental benefit for a very low cost. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no on present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Dieter made a motion for favorable nd recommendation to full Council concerning this 2 substituted bill. Councilmember Oliver Davis seconded the motion which carried by a voice vote of seven (7) ayes. 7