Laserfiche WebLink
Through Q&A it was clarified that the city intends to fund the project using the $25 Million is <br /> ARPA funds already approved by Council for water/sewer purposes and that the improvements <br /> would tangentially help achieve certain IWWIP goals. <br /> Councilmember Litten expressed concern that the city recently lowered water/sewer rates and if <br /> that will cause this project to create a financial burden for future taxpayers. <br /> Ms. Milius explained that the finances were analyzed by Raftelis and that it is expected to <br /> balance out. She explained that the IWWIP likely overestimated the amount needed for repair <br /> and replacement. This project will come from the repair and replacement portion of the IWWI <br /> budget. <br /> Mayor George clarified that this information is intended to be a general update. No formal action <br /> by Council is expected or required. <br /> The committee and the administration further discussed the financing of the project. Mr. <br /> McMahon explained that the IWWIP included $25 million for repair and replacement in five- <br /> year chunks. By moving forward with the interceptor, the city is not taking on a new cost, but <br /> simply accelerating the expenditure of these funds. This will cause the city to have to stand back <br /> and be less aggressive with other repair and replacement work over the next 3-10 years. This <br /> should not impact water/sewer rates since those rates were designed with the understanding that <br /> $25 million would be spent on repair and replacement. <br /> EPA Consent Decree update <br /> Motion by Councilmember O'Malley, seconded by Councilmember Litten to enter executive <br /> session along with city staff, directors, and Lou McMahon for the purposes of discussing the <br /> city's ongoing negotiations with the U.S. Environmental Protection Agency regarding a consent <br /> decree. A roll call vote was conducted as follows: <br /> Yeas: Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner <br /> Nays: none <br /> Motion passed. Committee of the Whole entered executive session at approximately 7:06 p.m. <br /> Motion by Councilmember O'Malley, seconded by Councilmember Litten to exit executive <br /> session. <br /> A roll call vote was conducted as follows: <br /> Yeas: Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner <br /> Nays: none <br /> Motion passed. Committee of the Whole exited executive session at approximately 7:36 p.m. and <br /> adjourned immediately thereafter. <br /> 2 <br />