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Special Council Meeting Minutes <br />December 7, 2009 <br />Page 8 <br />?r1 <br />just take a look at getting the bank involved because there are all kinds of mortgages with all <br />kinds of risks and if we hav.e an accident. Ms. Lawler heard about what happened over at <br />Bainbridge, she can't believe those people with mortgages over there, those banks aren't up in <br />arms. It sounds like significant financial risk. They are probably even skipping some sort of <br />process about who's got the liability if you are not even getting permission from your banks. But <br />if Ms. Lawler happens to live in a house that is going to be mandatory pooled, she is certainly not going to sign anything and she is sure her bank isn't. So foi those of you that have a lot more <br />knowledge about this topic, Ms. Lawler thinks the gentleman over there kind of raised it earlier, <br />she does not have answers, she has questions, but banks can be pretty darn powerful. <br />Mayor Rinker agreed. <br />Ms. Lawler added, they are already in trouble with mortgages. <br />Dick Green <br />Hunt Circle <br />One of the things that you should be very concerned about is the economic decline of property <br />value based on drilling in residential neighborhoods. There is some documentary evidence. He <br />is a commercial real estate broker. We have Mary [Ackley] who is a residential. There is some <br />real evidence that the value of property goes down when there is a well because ask yourself a <br />question, are you going to buy that house next to the well? And that will affect not only this <br />community but if the Mayors and Managers are looking at the economic value as well as some of <br />the other issues of safety, they should be very concerned that drilling in residential azeas will <br />reduce the taxes that the County gets, it will reduce the taxes that the City gets, it will reduce the <br />taxes that the schools get because ultimately the value of the property will decline. Thanks. <br />Mayor Rinker stated, if he can, Mi. Triner had mentioned something probably two months ago. <br />You were showing some survey that you had done and if you have alternative additional <br />information you said that tracks that, that is something we definitely want to see and we would <br />add to that because everyone has common sense, none of us likes this. Mayor Rinker can't tell <br />you the number of the Mayors that he heard the other night, they are all unhappy about it. Any <br />more documentation we can have, that would be. useful. <br />Marv Ackley <br />Several of us have been hearing some rumblings about the Hejcl properiy at 675 SOM Center <br />Road. We have heard that there is to be directional drilling under property under SOM Center <br />Road which is owned by the Village and that this drilling is to continue to the Skoda Minotti <br />property and then through Village property and also Panzica. Mrs. Ackley's question to you is <br />do you know anything about this? Have you been informed? <br />Mayor Rinker replied, if you recall, only the extent that we were aware of the Hejcl property. <br />We have been aware of that for over a year. That was the meeting back in March.