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7. Report from the Joint Meeting of the Finance and Public Works & Sustainability Committees regarding meetings held July 6, 2021 and July 19, 2021. (to be provided) Councilmembers Bullock& Rader delivered the following oral report: Councilmember Rader: The Public Works and Sustainability Committee met jointly with the Finance Committee prior to this meeting, and we also met and deferred a report from July 61h which both cover the same topic, and that is two ordinances relating to the allocation of$25 million of our ARPA money to our wet weather improvement projects. We spent two full-hour meetings reviewing that with attorney Lou McMahon as well as members of the administration who gave thorough presentations. Councilmembers had many questions from the first meeting that were thoroughly answered in our second meeting. All those materials will be made available on our website for further review. I think our committees were jointly both very satisfied with the work of administration pulling this together and were very excited that the administration was able to, through their hard work, be able to reduce some of the rate hikes that are proposed over the next five years by investing this money into projects that those hikes would have gone to fund. We also received some interest on that as well by not going to bond for some of those projects and using this money, one of them being for CSO52. So that work is going to take a great portion of that money, at least $13 million of it. This work has broad support from the community and ramifications for the environment. Between EPA requirements to consent decrees, there are all kinds of reasons why this work is absolutely critical and crucial. Again, I want to commend and thank both council and the administration for their leadership. I'll go ahead and leave it for Mr.Bullock to give any comments or additions to that. Councilmember Bullock: Thank you Mr. Co-chair and Mr. President, a couple short additions -one is we received clarifications on the ordinance that was in front of the Finance Committee about the proposed allocation of the$25 million in ARPA funds that there is no timing conflict, so that when Council considers use of the remaining ARPA allocation, that may not yet be in hand, we nevertheless are able to do that because the $25 million allocation won't all be used right away right this moment. We also heard from couple representatives are of our Tree Education and Advisory Board two weeks ago about the concept, that I certainly support, of exploring sewer rate credits for incentivizing such matters as impervious pavements or tree conservation. That led to a discussion which continued today and we had a very fruitful analysis and an exchange that I appreciated about the logistics of doing so and a survey of other cities that have done that in part or not in part as the case may be. I think it's a fair characterization to say that there is an informal consensus discussed among several councilmembers and partly I think among the administration, although I'd love to hear from the mayor, that there's potential for us to analyze the potential development in the next generation of this sewer rate which would be, 41 the capacity to allocate fees or savings differently to different income brackets. Right now, we have a one size fits all. The second would be this concept of stormwater credits, whether for trees or impervious pavement or something else.Attorney McMahon argued that it would be very impactful to incent disconnect of downspouts from the sanitary on the private side property line, which is something that the City is seeking to do anywhere it can on the public side of the property line, but we've learned