[0:00] our is Scott gonna be joining us yeah he'll be a little late you'll be a

[0:04] little late okay all right so I'll start with the first slide so tonight what

[0:12] we're gonna do is simply sum some question and answer sessions just so you

[0:17] would be a your you're aware of how it's going to work tonight so the participant

[0:23] system you Township residents and taxpayers please sign in with your with

[0:28] your full name I'll show you how to do that if you want to go ahead and talk so

[0:31] we can have that if there's a glitch and you don't know Jason button crazy limbs

[0:36] one second have you everybody was time for your question go ahead and state

[0:40] your own name and then as a resident your address so you can update your name

[0:46] by by hitting and participants and this is a picture is there all the folks are

[0:51] on mic now you can see my not I cannot see your screens grace you can't see it

[0:59] Michelle do you see it anybody else see it I don't see it I don't see it you see

[1:12] it okay yeah okay all right so start over so for tonight we had this meeting

[1:20] in for a question and answer session and for the participants we're asking that a

[1:25] resident text there is pleased and when you do as you walked in you had an

[1:30] opportunity to type in your name this is a way to update your name if you want to

[1:35] speak so we get the full name if you can't actually can't do that then once

[1:39] we on my cue if you just go ahead and state your name and then your address

[1:43] and this kind of gives you the zoom menu bar and anybody stop me if I'm going to

[1:49] click on this stuff this is what you should see whether you have an iPhone or

[1:52] if you have an iPad or you're on your computer something around this this is

[1:57] what you push to connect audio wise and if you hit did and I'll show you the

[2:02] next slide how this works you'll hit the participant buzz hold that as we go

[2:09] through the slide deck the bin will actually do is that hold on to your

[2:12] question to last and then when it's time to ask

[2:15] those questions raise your hand and there's a functioning has Michels email

[3:02] address on it as well and you can mail her those particular questions if this

[3:07] doesn't work out for you and then we'll get them to the appropriate party to

[3:11] answer those so a little bit more detail any questions on that slide a little bit

[3:19] more detail so if you do hit that participate button this is just an

[3:24] example I walk in with a different different unit you can see here where

[3:29] the videos on the mics mic / you see that on your your your machine as well

[3:34] and then this will come up once you get that if you select your name if you

[3:38] clicked your name that says me and you hit raise hand this is what happens the

[3:43] hand comes up and then accordingly when you're done asking a questions you just

[3:48] lo your hand and we know that we've we've answered your question another way

[3:52] you can go in you know the three dots it to the right so just to highlight if you

[3:57] did want to wanted to change your name or update your name same way it renamed

[4:02] is all all you do is just punch in your name again and get done so for tonight

[4:09] back over there any questions on that questions on that one

[4:15] okay for tonight we have the folks here from from upper POSCO myself Rene Dave

[4:22] wall Kathy Martin Michelle Reddick our Township Manor

[4:26] manager Chuck will be joining us a little bit later

[4:29] he's our solicitor Chris Belka who's on an engineer mark fellers our attorney

[4:35] special counsel Liz will be joining us a little later is also from Dilworth

[4:39] special counsel and Ben M aside from pfm who's been doing a lot of the work since

[4:46] we started this project and so is with Scott and John Baylor who is our

[4:50] Township steward committee chairs been involved with this as we first met with

[4:54] some of the utilities several almost a year ago past a year ago for

[5:01] Pennsylvania American Water who is the highest bidder on the phones and I have

[5:04] Bernie the senior director for business development Keith got edge and John

[5:09] Award is their attorney list rosovsky is that how you pronounce it

[5:15] scary honey miscarry scared gable Mike gun trim and Maggie Schiele so once a

[5:24] once American this way American market starts to answer question and Bernie can

[5:29] certainly identify who we'd like to answer those questions so that's how we

[5:33] have on the line generally what we do on this if you if you've not spoken in a

[5:37] while if you just kind of say your name for the folks that are unliked

[5:40] so so the residents know who's talking so I'm going to stop this one and then

[5:47] I'm gonna ask that then go help them put the slide deck up for tonight and then

[5:53] after we get through the first slide Michelle will be watching closely so if

[5:57] you want to open up your mic just put up your hand and we'll see I think right

[6:02] now we have 47 participants yep okay so I am taking that down so you want to go

[6:15] ahead and share yours a trace it saying that the host disabled participant

[6:20] screen sharing I think you have to like enable me to be able to do it did you

[6:39] hear that race race maybe you can put up and slide deck was my next option yeah

[7:19] okay

[7:58] then once you send the last updated version of a presentation is this

[8:08] morning at 10:51 or something like that see if this is I can send it right now

[8:23] trace if you want let me see if this is it first I think yeah all right so do

[9:27] you have it on slideshow no no I

[9:33] okay okay yeah thanks so I'm been Cap'n Stein as Traci said with pfm Financial

[9:38] Advisors I'm gonna tick through this here we're

[9:41] gonna kind of do it a couple people are gonna talk I think I'm gonna kick at the

[9:45] trace for a couple of things and then Bernie from PA Americans gonna talk as

[9:48] well but if we won't go to the first slide so just giving a little background

[9:56] here number one in early 2019 the township engaged pfm to explore selling

[10:02] the the sewer system a lot of things have transpired since then there's been

[10:07] a lot of due diligence that's happened we're going to talk about that a little

[10:10] bit more on the next page but first I think we wanted to

[10:13] get into some of the reasons that the township was looking to sell the system

[10:18] and trace I think I'm gonna hand it back to you for that

[10:20] okay so this is kind of parallels a letter to go it's going out and that

[10:25] went out it's already posted it went out today so the residents and we said we

[10:29] sent it all the residents we have address as far was in the township

[10:34] so the reason for exploring this we had a current debt right now this is

[10:40] December 31st 2019 this is interest and and debt

[10:46] outstanding at that time so if we would put any type of payoff in place it would

[10:51] be around seven million three hundred or something around that the other pieces

[10:55] are unfunded pension liability this number is probably lower than what it is

[11:00] now given the market conditions over the last month and a half that this is what

[11:05] we pay our retirees and what we're supposed to have in there and we're

[11:08] short at this particular time we did in an actual this building study a while

[11:17] back last year and it came in between around 3 3.5 million to almost 4.8

[11:25] million this is kind of like we're thinking about 3.5 to 4.5 on our two

[11:30] buildings in our two main buildings in one of the the police station Public

[11:33] Works and then the fire department and our administrative building and that was

[11:38] a cost to repair them and then taking a look at what what we would do if we

[11:41] wanted to go someplace out for that with that this is a exposure to capital

[11:47] spending so our 537 plan is we we have several different projects we have a

[11:53] schedule to go forward some of those are will be the ones that we have scheduled

[11:59] will be listed in the and the letters that goes forward those can be very

[12:04] expensive as we put those things in depending on what we have there it looks

[12:08] like if we didn't do anything what we'd have to borrow it against that

[12:13] to put in the ground depending on what our balances worth was in and then sewer

[12:17] fund and then eliminating system risk so if something fails we're responsible for

[12:23] that in this way which spreads out the risk

[12:26] and that goes to the buying utility so that was in a detail you'll see posted I

[12:32] encourage you to go online and read the whole letter you should have that in

[12:36] hand within one to two days as well as a hardcopy mail wise that's that's at our

[12:42] tent and at the bottom is you start seeing a benefit we'll go ahead and take

[12:45] over what the bid came in and you can see that we're doing pretty well on

[12:51] coverage of what our intent was so been yeah so I mean just on point three there

[12:55] it's been it's been about a year long process to get to this point but

[12:59] February 5th we issued a request for bids to both pre-qualified bidding teams

[13:06] it was PA American and aqua those were the two team that were frequent 5 and PA

[13:11] American all limit ly submitted the highest bid for thirteen million seven

[13:15] hundred and fifty thousand which met the township's expectations for what for

[13:19] what they were looking for so if we go to the next page we'll talk a little bit

[13:23] more about some of the process the things that have happened to get us to

[13:27] this point just real quick yes we have any

[13:30] questions on that first slide I don't see any hands up trace I'm checking I've

[13:36] been checking every couple of minutes and folks will cover it again to at the

[13:40] end so if you don't want to do it at this point we'll we'll ask ask the

[13:45] question just open it up at the end nothing up Michelle no I didn't see any

[13:50] hands up Trey okay go ahead okay so yeah just ticking through kind of the

[13:54] timeline what's happened so in May of 2019 we presented the township with a

[14:00] limited scope valuation basically telling them what we thought their

[14:03] system could be worth in the market and then the township decided to move

[14:08] forward after that step so in June we released a request for qualifications

[14:13] that's kind of the first step in the process for us it's where we reached out

[14:17] and we say who's interested in the system if you're interested please

[14:20] submit your qualification and tell us that you're financially qualified

[14:24] technically qualified and and you've done this before we received two

[14:29] responses back one from PA American and one from aqua both of those bidding

[14:34] teams were determined to be pre-qualified so they both entered the

[14:37] crowd says as we call it in July and and up

[14:43] really until February in 2020 so do I 19 through Feb 22 the documents we held

[14:50] meeting at the township building with both bidding teams both teams were able

[14:56] to take tours of the township and look at the assets that were above ground so

[15:00] really a lots happened there is an asset purchase agreement developed in that

[15:05] time that was negotiated back and forth between the bidding teams and the

[15:09] township and its legal advise there's it all culminated again on February 5th to

[15:14] release their request for bids we got responses back March 16th it just so

[15:19] happened that the bids were within 10 percent of each other which triggered

[15:23] what we call a best and final offer so basically we went back to both bidding

[15:28] teams and we said look the bids were closed

[15:31] you can both submit a higher bid if you wish the results of that again the

[15:35] Americans submitting the highest bid with that 13 million 750 after that we

[15:42] had an executive session with PA American on March 25th that was a

[15:46] virtual executive session on here it has April 2nd was the first public

[15:52] presentation but actually tonight is the first public presentation in addition to

[15:57] tonight the township has also scheduled three more public presentations on the

[16:01] 8th which is Wednesday the 14th and the 16th of April and it all culminates in

[16:07] the consideration of an ordinance to approve the final sale on April 20th

[16:11] that's the current plan that's laid out financial clothes typically for a

[16:16] transaction like this it has to go through the Pennsylvania Public

[16:19] Utilities Commission which usually takes about nine months to a year so it's a

[16:23] pretty long closing process and where they might get into that a little bit

[16:27] later I think that's good for that slide trace okay questions on that slide

[16:33] somebody had their hand up the last time but then they put it back down after we

[16:38] started then I lied so I don't see any hands up right now

[16:44] I'm gonna kick it over to Bernie Pompeii American water to talk a little bit

[16:48] about his company and what they're offering in this piece you appreciate

[16:55] the opportunity to come and enjoy this unique format which might be the new

[17:00] normal for a while here but I think everybody's good job our virtual reality

[17:08] so a little bit of background on Pennsylvania American Water we're

[17:13] actually the largest water and wastewater regulated entity and

[17:18] currently have a hundred and forty thousand customers in 36 of the state's

[17:25] 67 counties eighteen percent of the population customer base is six hundred

[17:32] and sixty thousand water customers and seven thousand wastewater we are

[17:39] proximate to the township we have a large regional system to the west we

[17:45] call it our Glenn Alsace water system where we we provide the water service

[17:51] and then we recently bought the Exeter Township wastewater system closed on

[17:56] that last Exeter Amity system and then to the east we have a general water

[18:07] system roryd system that system the between the two we serve about 35,000

[18:15] customers we also have under agreement to acquire the Warriors town borough

[18:21] waste to employees nearby of the bar across the state we employ about a

[18:36] little over 1,100 employees across Pennsylvania our corporate offices in

[18:42] mechanic regulate a little difference between us in the township is with

[18:56] they regulate us great as well as customer service like the township we

[19:02] also have an environmental regulators in some cases and of course regulations our

[19:17] company again we're the we're the largest in Pennsylvania company is

[19:23] America Ernie Bernie just a second someone has their phone on the

[19:27] background if someone's using a computer and a phone it's too close to the

[19:31] computer go ahead burning so anyway our parent of

[19:37] America water trades under the stock exchange number eight letters a wk is

[19:41] the largest investor owned water company in the United States it trades in the

[19:46] S&P 500 and owns 413 other regulated utilities across Pennsylvania just a

[19:54] little bit about our you know our set up is we we are again regulated by the PC

[20:01] so anytime we want a rate adjustment that would have to go through a PC

[20:04] process typically rates are adjusted to recover the amount of investment that

[20:09] the company is going to make so on an annual basis we've been averaging about

[20:12] three to four hundred million dollars worth of capital improvements for our

[20:17] water and wastewater systems plants pumps pipes massive amounts of

[20:22] infrastructure investment we're trying to stay ahead of the maintenance cycles

[20:26] and the maintenance curves over the last five years that's 1.3 billion dollars

[20:34] utility upgrades I did mention the fact that we're you know heavily regulated we

[20:40] have a strong wastewater presence we were currently on 18 wastewater systems

[20:45] we have three more on this is we are we're also very local and again we have

[20:52] that customer base locally approximate to the township

[20:56] we employ locally and you know that with our scale comes some advantage when we

[21:03] purchased materials you know we aggregate purchasing power the American

[21:07] level and that's to the benefit of the customers as is

[21:11] our operating expenses for power chemicals and vehicle purchases so you

[21:17] know we're we're going to be able to take on what the township is doing right

[21:21] now with 1,500 or so customers we're gonna bring that in to seven hundred and

[21:26] forty thousand customers and spreads group costs across to our customer base

[21:35] about kind of a high level oversight there treif questions on that slide we

[21:43] have a question from a dustin so I'm gonna unmute him and asked him to state

[21:50] his name and address for the record if he could please trace okay okay he's

[21:55] unmuted just a little suggestion for feedback wise if you're not speaking if

[22:04] you mute your mic it's much easier to hear the person that's actually speaking

[22:09] and if you are unmuted by the host you can mute and unmute at your leisure

[22:15] thank you any more questions okay and Bernie so the the township in its

[22:40] procurement ask for the bidders to submit what would be a price for the

[22:46] system but also an illustrative or indicative illustration to be repetitive

[22:54] of rate so what what the deal this deal actually was structured in a manner that

[23:01] while the current fee that the customer in the township pays which is $71

[23:09] sixty-seven cents a month that fee is actually going to decrease as part of

[23:14] the part of the transaction so prior to closing some time maybe in early 2021

[23:22] if if this is voted on the township will actually lower the flat rate fees

[23:27] charged to the residents to $65 a month and then you know part of part of the

[23:35] law that we're utilizing to acquire the system market value law will keep that's

[23:44] that's a requirement and we will the $65 per month rate dwelling unit customer

[23:54] and you know why we you know we typically will adjust rates or an

[24:01] as-needed basis our historical trend has been on average about three to four

[24:07] years cover the time but as this chart illustrates you know the next to you

[24:16] through 2022 we do not anticipate a rate adjustment to the base rates of the

[24:22] township and then after that you know Illustrated indicative attention rate

[24:29] increases that could occur over the next eight years as was asked for by the by

[24:34] the township so what is the median held for several years and then as investment

[24:43] is made and the system becomes questions on the fee slide I don't see any hands

[25:02] up to Jim Crawford yet puts on meet him hi guys Jim Crawford one one one five

[25:11] autumn view lane again a chart that shows past 2028 this it's going up and

[25:18] it'd be interesting to see what that looks like an additional chart

[25:25] well Jim that's um it's it's it really is difficult to tell to be honest with

[25:33] you but I can tell you that on average if you look back on average the

[25:38] company's average it rate increases about three to four percent now it

[25:44] doesn't occur immediately it occurs when rates goes adjustment but then when we

[25:53] go to file for a rate increase and the PC approves that rate adjustment you

[25:58] might see you know two three years you know percentages in aggregate Ernie how

[26:06] often do do those requests for rate adjustments get disapproved it's still

[26:13] Jim Crawford okay typically Jim they they I'm not I've

[26:20] never I've been with the company 29 years we've never had a situation where

[26:23] any of our rate increases approved and again the major reason behind that is

[26:30] it's for you know the recovery of the investment that we're making into these

[26:35] are our water and wastewater utility systems Jim any any more I see it

[26:49] outreach has a hand up yeah just a question in regards to I'll ask the

[26:57] commissioners when it comes to like at this rate increase as you can see it's

[27:01] going up from originally seventy one dollars now in your chart of 92 $1.00

[27:08] I'm gonna say to roughly 20 a month how often and how much is har rate increased

[27:14] currently since we started the program Chris do you want to talk better John

[27:29] jonbi there Chris Chuck Romney and I can bring I can talk that too if I bring up

[27:35] something we have historically the data that our rates have increased Chris Sir

[27:49] John have that handy or no it's not I have to turn the computer on to get it

[27:53] the reason why the questions are just trying to compare Eisen to what the

[27:57] difference is about how much we've raised and how we're are started at

[28:02] versus what this new private company is going to start an estimate race you're

[28:10] trying to compare the two apples the apples John do you want anything

[28:48] it's like Chris is muted I don't know

[28:55] Jeanie Jeanie Rene and now what all about their hands up

[29:00] Christian Rene that should be working fine Rene are you up let me unmute her

[29:05] and see Rene she's she's not she still has her hand up but I I think she has to

[29:16] unmute herself I'm not sure you know you can mute yourself Jeanne you probably do

[29:21] too yes I'm on okay I just wanted to reiterate that in 2007 the sewer rate

[29:29] went up 72 percent in one year so just go ahead throw that out there

[29:40] the Christian online I'm trying to pull them pull it up online I don't know

[29:46] Elwood has a question I don't know if you want to move on or you want tu al ly

[29:50] just I could certainly email we got so from 2014 to present it was eight

[30:02] hundred sixty dollars a year from rama 2009 to 2013 it was 800 from in 2008 it

[30:10] was 720 2007 420 2006 July 4 20 2006 293 492 92 291 289 136 78 to 80 120 2 point

[30:26] 2 4 so I think the important thing there is a what we would need to do once we

[30:32] since we get we're getting these numbers is actually take this curve and plot

[30:37] what our projection increases would be so if we this number that we're putting

[30:41] 2 right here that's at 860 so if you start bringing that across and then if

[30:47] we start doing our new projects within here then we'll see some kind inclines

[30:52] it goes up as well we'll be spending more on the capital procedures the

[30:57] capital projects in this time frame so that's they American waters projected

[31:03] out this way with the numbers that they they've ran ours are right now we're

[31:07] moving from a 1-year budgeting system to a 4-year budgeting system so we can see

[31:12] how that curve goes out and I know that Chris and I've been talking about those

[31:16] numbers as well Chris were you are you still on Chris

[31:20] Belka so you have a two more questions then you still have a leech still has

[31:27] his hand up I don't know if he has another question and then you have well

[31:32] Christ can you hear me now yeah Chris we got you okay

[31:38] yeah I mean the rent main reason for the big increase back in oh wait or whatever

[31:44] that year was was the regal Oaks palm station project

[31:50] which was chyna something that was forced on the

[31:54] township that was unforeseen so so that's really the bulk of the payment

[31:59] there that occurred and the reason for the major increase okay I mean I'm you

[32:07] know and see if he has an additional question a leach Steve Elwood's opens up

[32:16] I see how it has a handout all right let me unmute him yeah Chris answered the

[32:21] question about the large increased ten twelve years ago to answer

[32:25] Al's question the rates have been relatively stable in the last ten years

[32:29] since then as long as there's been no additional purchase debt that taking on

[32:35] and I am looking at the estimated graph there and I heard the gentleman suggest

[32:41] they get three to four percent a year this one indicates about a 6% a year as

[32:44] far as I can tell so there are my comments bill goes okay

[32:52] hold on let me get to him you can't get everybody up on the screen in order for

[32:58] me to see everything else let me find him see on by me okay does this include

[33:21] the expansion of the system right now that we're getting charged for or we're

[33:31] about to get charged for maybe not getting charged for I don't know we'll

[33:34] put the situation's I'm a Ming tribe to three framing drive I guess what you're

[33:43] asking is mean the current capital projects you're asking for correct okay

[33:51] that's all tied in together well it depends on the point of closing you know

[33:57] so depending on when the closing is we've already actually for the township

[34:02] to pay for capital projects and Chris you please

[34:05] chime in we have Megan Moyer and we also have Regal Oaks - a coupled with seven

[34:13] on gilbertville Chris yes at this point those two

[34:17] projects are still on schedule to complete this year so I think my letter

[34:24] from Michelle indicated that that ming drive was part of the Moyer road but i'm

[34:32] just trying to ask you guys if that's accurate enough yes okay yes make drive

[34:39] more Road as one project okay yes and that project includes the extension of

[34:45] sewer essentially to gilbertville Road from you know from the west side i'm

[34:54] gilbertville Road to the new connection for the new development furger I mean

[35:04] you get a mutiny Michelle couldn't find you now your mic should be open your

[35:10] hands up you still want I just have a quick quick thing this is nothing to do

[35:13] with I guess the just overall in these webinars are they recorded and is there

[35:20] a chat feature to make it easier to ask questions

[35:23] yes they are recorded and I've given the size of the file so we are going to see

[35:28] how we can hang those but we also we get a video and we get an audio file for

[35:33] that so we were recording it we're also doing the hard hard minutes as well and

[35:37] then the chat figure I mean there's some been recent complications with zoom with

[35:45] some some kind of a malware type stuff there is kind of being careful with the

[35:49] chat function but yes we do have a chat function if they don't have secured it

[35:53] is right now it's disabled for our purposes right now so if you have your

[35:59] own internal piece that would be fine but yeah it's going to make it easier to

[36:04] ask questions we certainly could do that way if it if it pans out and then again

[36:08] our backup is sending the emails so Michelle can get them to the correct

[36:13] people to answer the questions but we'll check on chat as long as we don't have

[36:17] any security issues on it

[36:21] any more questions on that slide I don't see more okay yeah I don't see any more

[36:32] questions okay next slide consist connecting existing homes to the system

[36:41] burning with talkback sure I could take it so as part of the due diligence the

[36:47] company you know reviewed where this where the municipality of to their 537

[36:54] plan which included some specific projects done pursue and the project

[37:03] schedule with DEP so projects of Regal Oaks phase B phase 2b and then horseshoe

[37:11] and Bruce drives and Continental and Old Orchard drives this project will be

[37:16] completed by Pennsylvania American Water Company once we own the system will step

[37:23] into the role the township was playing and we will will actually you know

[37:28] complete the design permitting and construction to those are those projects

[37:33] as it relates to item 2 there is a difference in the way Pennsylvania

[37:40] American charges for tapping fees the township has a tapping fee right now

[37:49] it's made up of various components that aggregates to about 5447 per connection

[37:56] when they hook to the township fee under our tariff PC regulated tariffs so for

[38:03] wastewater the company if you're an existing home for an existing business

[38:09] so that would be a home with an occupancy permit a business that's a

[38:14] building right we do not charge we call it a capacity we do not charge that to

[38:20] existing homes or businesses if it were a new development or you know say a

[38:27] non-existing fatherland of the developer wanted to construct at homes would be

[38:33] instructed as part of that then there would be a $4,000 capacity fee oh there

[38:41] isn't there is a difference between you know fees charged for connections under

[38:46] our ownership versus versus in this case the townships fee structure so again you

[38:52] know if it's an existing home those homes and that I mentioned in 1a B and C

[38:57] they will not be assessed a capacity Fiat what we own the system our company

[39:05] also pays for the cost of the connection from the sewer line to the curb or clean

[39:14] out the call that like the service lateral from the kerb to the you know

[39:19] property line where then the customer would install the plumbing to have the

[39:24] sewer line connected from that point so yeah so a little bit of a difference in

[39:31] in how those fees are managed so more you know more along the line on under

[39:38] utility regulation the public utility commission as a policy they try to

[39:43] incentivize connections so you know the ability to not not assess that cost but

[39:51] rather to build it into the rates and spread it across the customer bases is

[39:55] essentially a difference in PC regulated policy versus municipal municipal

[40:05] questions on that slide I see no questions no wait don't Berkeley has on

[40:13] one second bill so it says if you would like to be connected okay

[40:26] other other existing homes including these products that would like to

[40:30] connect to the system

[40:34] my understanding is that we're forced to connect to the system which might be

[40:40] fine but is I mean is that accurate or no no that's a good point so there is a

[40:47] point of differentiation is to so two things one you mentioned my which is my

[40:54] understanding of the township has mandatory connection coordinates

[40:58] what would still be in the system but number three really talks to projects

[41:04] outside of you know the ones that are part of the 5:37 plan so if there's

[41:10] areas in the municipality where there are existing homes and businesses that

[41:15] don't have wastewater but they would like that service we would work with

[41:20] those existing homeowners and businesses to see if wastewater service could be

[41:26] extended one other one other nuance to our tariff is that there's a formula

[41:34] based on what we call bonafide service applicants that's an existing home

[41:39] business and our company through that formula will invest fifteen thousand

[41:45] dollars toward the cost of an extension so if there were ten folks along a road

[41:51] that wanted wastewater we would and they you know with the ordinance we know that

[41:55] tap in so 10 times 15 we would hundred thousand dollars for that project if the

[42:02] cost of the project was enough to cover the extension company would fund the

[42:06] entire extension to those folks they would not have been to pay a tap in fee

[42:10] they would have to pay their plumbing fees to connect to the to the wastewater

[42:14] system

[42:23] anybody else that's right don't see any other hands up okay okay if you want so

[42:38] any other questions overall and then let me know once you come up with your hand

[42:43] what side you want to go to or if there's anything specific around that so

[42:46] we don't end up a leech here on mutant just a question regards to we keep

[42:56] talking about the debt and everything like that so my question is what is the

[43:01] actual debt of the water sewer versus what is the actual debt of the township

[43:23] so overall what we have is the addition numbers as of December 31st total debt

[43:31] as a December 31st was seven million three hundred and twelve thousand

[43:35] dollars seven minutes sixty-four cents interest to paid if they all go to

[43:39] maturity 1 million one hundred twenty-four thousand two hundred sixty

[43:42] five of our four main funds that we have the debt outstanding of that at that

[43:47] total amount I just mentioned their sewer is four million seven hundred

[43:52] twenty eight dollars and five 5:07 the open space is 2 million 135 General is

[43:59] 208 and the state is two for one for our purposes intent is to pay all those off

[44:05] regardless of what what area it happens to be in alright and then question would

[44:11] be the surplus what's going to happen to the surplus that's in the water and

[44:15] sewer and from my understanding there's like around a million dollars in the

[44:20] surplus well from what our bid price and what our actual intent was was probably

[44:26] around three hundred and thirty two thousand dollars above and what our best

[44:31] price of we wanted debt to have which is good for us but for any of this stuff

[44:35] it's not an operational stuff that's going into

[44:37] to paying the debt and then the infrastructure that if that for 4

[44:43] million is probably going to be closer to point four point five then that's

[44:47] that's going to be directed in that way and it depends on what the rest of

[44:50] commissioners want to do what I want to do as well what they decide to do those

[44:53] proceeds so here's my biggest issue with the whole thing and maybe some of the

[45:00] commissioners can explain you know they're just so you know we want to do

[45:05] the questions and go for it if you wanted to get into debate make sure we

[45:10] answer all the questions first and we well this is the question here's the

[45:13] questions it is the question in regards to this all right

[45:17] in general the overall any site you look at on this particular object privatizing

[45:26] the water and sewer and such like that is going to be an increase of

[45:30] approximately eleven percent not one location has ever had a decrease or

[45:35] anything like that my question though what you say what was eleven percent

[45:40] it's a problem all the studies show it's about an 11 percent increase what what

[45:45] studies we're talking about oh you can google a every study you want any study

[45:48] you want they're going to show those numbers it's very easy to Google cuz

[45:52] there's been so many different townships that have done this so it's very easy to

[45:58] look back you have you have a couple names I'd have to go back and get the

[46:02] Google for use if you wanted to I figured you I'm sure I I would take the

[46:07] assumption that you guys have already looked this up you said that 11 percent

[46:12] Bernie are you familiar with any little studies well I know these system sales

[46:21] happen for various reasons and they're they're done on a case-by-case basis you

[46:26] know municipalities have various drivers for wanting to you know consider selling

[46:32] their systems it might be that they can't afford the extensions that need to

[46:36] be done it might be there there's a there's a there's a potential risk for a

[46:41] new regulatory rule coming down the pike that would cause an undue burden so you

[46:47] know there really is a one per se reason and I you know I can't think about an

[46:53] 11-percent you know general you know increase that is tied to any any one

[47:00] acquisition but there are there are different reasons for municipalities

[47:03] wanting to you know sell their systems yeah let me get to another question

[47:08] though because that's what we it's involving and such like that is in

[47:13] general this is looking like it's going to be a short-term fix that you guys are

[47:19] looking to have you say there's an issue debating or not I'm not debating there's

[47:24] an issue or not an issue that's for different thing but it's going to cause

[47:28] a long-term problem for every person it's on the water and sewer as they're

[47:33] going to have their rates increase they're also going to eventually have

[47:37] taxes increase so we're trying to figure out as into why the people under the

[47:43] water and sewer which are not the entire Township should be paying for the entire

[47:49] townships supposedly issues and why you would as a commissioner I would expect

[47:56] you're looking long term or and short term but this is clearly a short-term

[48:02] fix to create a long term problem so I'm confused as in to why you would want to

[48:08] do it why would you think that they're separable the ones not at long range and

[48:14] the other is why are you saying this is short range well short range you're

[48:19] going to get 13 million dollars you're going to get obviously and I don't want

[48:24] to be the bait that's I want you to to answer the answer the questions but you

[48:28] just asked me I said I want to try to understand what your question is so if

[48:32] you second if you're saying the long range because we need to take a look at

[48:40] these numbers you're thinking about the capital expenditures going forward so if

[48:44] you you think the sewer the sewer fund is gonna be at zero balance somewhere

[48:48] after everything's paid off depending on the products you have in 28:29 you still

[48:53] you're still dropping a lot of pipes in the ground and you're still in capital

[48:56] and you don't know what's going to happen with any expansions of these

[49:00] developments would add to the revenue flow so those are going to be decrease

[49:04] as well so it's when you but you come up with your expenses and projecting

[49:07] forward whether you're gonna come up that with a with the correct number and

[49:11] if you just take a look at some of the ones that we're starting to run now it

[49:15] doesn't look like that's favorable in our in our capacity is is running it as

[49:19] ourselves and there's a lot of more factors if you read the letter what

[49:24] we're taking a look at professional management as we go forward with this

[49:27] and also with the with how we're going to be doing the billing the the expenses

[49:33] and Faiers system own that's I mean we're starting to get to the reasons why

[49:36] but your if you have something hard you're shown you have calculated what

[49:41] those are Alvin I'd be happy to take a look with

[49:44] and give it to our finance guys to see if what that compares to but Bernie or

[49:49] Chris do you have anything more on our John Baylor on that I see Dustin has his

[49:59] hand up hold on one second give me a second okay Dustin they do the

[50:21] comparative we're pfm and working with Chris on that get the numbers what we

[50:26] think we're going to pair it to and again we've our longtime friend we

[50:30] expand we're starting to expand that from one year to four but we're going to

[50:34] see how close it is but again these are one piece of the whole puzzle as you go

[50:38] forward you've heard about you heard the connection as well yeah and any other

[50:43] commissioners wanted answered please feel free web so we're collecting so you

[50:51] know ours is to take this all these these numbers in and actually take a

[50:55] position on it at some point on this second Eric is facing a currently 135

[51:06] percent increase next year because of selling their sewer system

[51:12] banner or bernie any information on that God are you want you can unmute that

[51:22] trace hold on look at him who's that

[51:29] there's a lot of people on here so just give me I'll see ya you fine let's see

[51:35] if I can find him arias I got it okay start yep can you

[51:42] hear me yeah sure yeah I would need to go back and double-check and and mark

[51:46] tell her he might be able to provide some insight as well that we're happy to

[51:49] get back to you but yeah I mean those were kind of very different

[51:52] circumstances between Limerick and an upper Potts Grove there were some

[51:58] planned increases with the Limerick sale so yeah the actual percentage I can't

[52:05] remember off the top of my head but will surely go back and and get that for you

[52:10] hey Scott is Tracy also on ask questions on those studies and 11% and we did you

[52:16] get you have anything on that one I'm not entirely sure what being referred to

[52:23] what studies I mean we're happy to take a look at our email so we'll get that to

[52:29] you as then as I talked with you earlier on getting those questions you guys can

[52:33] take a look at those if he had them more details on it true okay Tracy I have

[52:38] Rene okay I'm gonna unmute her huh I did she

[52:45] has her hand up I can't unmute her Renee yes there we go

[52:50] Renee you're not something yes I just wanted to say regardless of whether we

[52:54] sell the sewer system or not going to cost us more money it will cost us more

[53:01] money regardless we'd have to borrow more money to do these projects so the

[53:05] prices would go up that makes sense yep got some background on your mic I

[53:14] think someone's in a room with you so I see tom clancy's there yeah Don Clancy

[53:19] hold on one second let me unmute him

[53:23] hello hi done Clancy from the backyard there one two nine six failed circle so

[53:29] in the plot that's showing the the rate increases I mean this kind of a rough

[53:34] back-of-the-envelope calculation that's someone the four five percent range it's

[53:40] going on indefinitely I mean so if I were looking at this and

[53:44] saying I wanted to sign up for some deal where the cost is gonna go up four or

[53:49] five percent a year and definitely I think that would be a pretty bad deal

[53:53] only way I would actually come on board to that deal is a very realistic look at

[53:59] future costs and those projections of what those are and I haven't seen you

[54:04] guys present that tonight which tells me I don't think you've done full due

[54:10] diligence on this so I suggest maybe that's to get done and maybe we can we

[54:22] got Jim Crawford Jim Crawford yeah - just to clarify - Rene I think the

[54:39] struggle is that a for-profit is more likely to raise the prices than a

[54:49] not-for-profit where the township is not looking to profit from the sewer system

[54:56] repairs so I think that's where the greatest challenge is we we obviously

[55:00] know things will go up over the years they're not going to go down and never

[55:04] do right so I think that's where the delineation is yeah but get there second

[55:16] yeah hello there a leach started his question looking at that 8,000 some for

[55:21] that I did have a question comment I had thought that that debt was being listed

[55:27] as sewer debt but I think I heard Trey say that only about four and a half

[55:30] million dollars if that a sewer debt and then went on to say that the rest of

[55:34] that is general fund debt the also being planned to be used to pay off

[55:39] being used out of sewer funds to pay the total debt so I do think the slide at

[55:45] least me looking at it was a little misleading I wasn't sure what all debt

[55:49] that included and then after finding out that only about half of it is sewer debt

[55:52] that is Alice first question and that was is it justified to use sewer fund

[55:59] money to pay down general fund debt thank you oh yeah and when we do start a

[56:08] comment on those and of course everybody knows that what's been on that board of

[56:13] commissioners quite a while and knows a debt structure on my stuff so we'll

[56:16] gladly have those conversations when we come time with that discussion more

[56:21] questions I don't see any more okay one who's talking thank you you think you're

[56:49] mute but we're hearing it anybody else I don't see anybody else trace so folks

[56:56] what would the intent was this is just to see how well we can do with this we

[57:03] had scheduled some stuff before before we got into the situation we're in right

[57:06] now so we wanted to get the letter out it was delayed a little bit just because

[57:10] of manpower and getting it to where it needed to be be out so we're gonna send

[57:14] that out for everybody to have the basics to this we wanted to see how we

[57:18] can ask answer to questions so we wanted to continue to extend the time period

[57:22] that we were going to have these series of discussions so right now folks we're

[57:26] almost at fifty total participants so the capacity we have on this right now

[57:31] is is 100 we can certainly increase that we do with the townships account we're

[57:36] going to we're going to try that next time to have a capacity of 200 so we're

[57:40] scheduled for the 8th for the 14th and the 16th right now to do the same thing

[57:47] with what we're doing right now it looks like we're okay with control

[57:50] there's some folks that are on telephones no I didn't see any of those

[57:54] hands go up or any of the telephones but we didn't we didn't have your name so we

[57:59] don't we don't have those we have your number but not your name so you need to

[58:03] tell us what if you wanted to talk hold on we got a question here this minute

[58:08] question from Dustin do you think some people actually have the phone and the

[58:30] computer by them the detta I think I did check once but we'll check that out

[58:36] thanks Dustin yeah I think trace we should suggest at the end of the meeting

[58:41] that those people that are on telephone that have questions again should should

[58:45] email their questions but I do have Chuck note here with his hand up so I'm

[58:48] gonna unmute him Chuck Chuck note be there when I can unmute him yeah me know

[59:02] I can hear you 21:37 East Horseshoe Drive can you

[59:06] describe what that 597 means in my eyes how it guarantees me miss or one slide

[59:19] instead for the upcoming projects at 5:37 oh hi 37 plan yeah just name is

[59:27] turn what's that do for me Chris Chris please jump in 537 plan is what we did

[59:32] several years ago to indicate how we're going to build up the sewer structure

[59:35] and as you as we went forward we had designed these to the subdivision select

[59:41] for a better term that we're going to be going into and as you as we went along

[59:48] you saw regal Oaks I think probably the most recent example phase face phase 1

[59:53] and phase 2 a that we have going on right now because in tight so regal up

[1:00:00] space - that's the next steps coming in horseshoe and Bruce isn't following me

[1:00:04] by that and then continental a noble Archer dry so it's Chuck it's it's a

[1:00:08] plan that we're going to use for capital expenditures going forward and these

[1:00:12] those a B and C that you see there is what America waters going to continue on

[1:00:17] with that we've already planned for Chris help anything to add Taylor the

[1:00:22] 5:37 plan was basically a document that we prepared the township prepared and

[1:00:30] was accepted by the DEP to provide sewer service to those communities that had

[1:00:37] problems with their system and so as such the townships going to

[1:00:42] continue with the ones that they have on the books currently and then after that

[1:00:49] per the contract PA American water will extend the service through those other

[1:00:55] communities once the transition happens Jeff does that make sense

[1:01:03] Jeff note

[1:01:07] trying to find him go drop off by chance oh there he goes

[1:01:12] I am Thank You Jase you're good to go yeah you see the size of that book by

[1:01:20] the way the 5:37 is pretty good size book yeah okay so I think we have more

[1:01:26] hold on I think we have Martin and Kathy that want to speak oh yeah we got a lot

[1:01:32] of people's hands up okay I'm gonna start at the top with Martin Martin it

[1:01:38] takes a minute okay Martin yeah first off what happens after we're done with

[1:01:45] the 5:37 plan if there's other residents who pays for that is that comes down to

[1:01:51] the $15,000 a household so yeah under our ownership we would work with the

[1:01:59] existing homes and businesses to you know scope out say a wastewater line

[1:02:06] extension and we would apply the $15,000 bonafide now if it were to be a

[1:02:12] commercial facility it's gonna be a larger investment we usually calculate

[1:02:16] that based on the revenues that would be generated from a larger customer but the

[1:02:20] aggregate number of customers times the investment is the amount that the

[1:02:26] company could put in toward an extension okay and if it's totally on not near a

[1:02:33] mile away from anything they're gonna be footing the bill for most of it then

[1:02:36] well you know that's when you get into rural areas and the cost you know the

[1:02:42] distance between facilities stretches out you do run into that situation where

[1:02:46] it does you know the 15,000 will cover and it depends on the road it might

[1:02:53] cover a hundred or a hundred and fifty feet of an extension that's the cost and

[1:02:57] then anything above that we'd have to come up with you know like a cost

[1:03:01] funding mechanism typically we would ask that you know those that are pulling the

[1:03:07] line so to speak would bear the cost now keep in mind if there were say

[1:03:12] development that occurred along the way that's you know within the townships

[1:03:17] planning zoning work you know appropriately zoned and a developer

[1:03:21] wanted to help pull that align and brought it closer you know we've seen

[1:03:24] that result in lines being brought brought you know further out into areas

[1:03:29] of the community okay one last thing you could possibly unmute the people on the

[1:03:35] phone to actually see if they have any questions they could do that I'm going

[1:03:40] down the list down so next up I have Kathy who has their hand up and I'm

[1:03:51] trying okay Kathy you had a question actually I just wanted to comment first

[1:03:58] that I want to thank everybody for tuning in tonight I know I had a few

[1:04:03] questions on Facebook this afternoon and I was waiting for the meeting tonight to

[1:04:07] see if they would be addressed to your satisfaction if not please let me know

[1:04:12] I'll see what I can do to help I think what we're looking at here is no matter

[1:04:22] they always go up we're either going to have our taxes raised or our soar prices

[1:04:30] raised I think looking at things down the road I think we're looking at a lot

[1:04:36] more infrastructure with with the sewer system and what's going to need to be

[1:04:41] replaced and people that are going to need to hook in so I I am a person who

[1:04:46] does like to look down the road and see how what are we doing now to avoid the

[1:04:50] problems coming down later like I said anybody have any questions

[1:04:54] Facebook or email me I'll be happy to help out thank you all right give me one

[1:05:00] minute next up I have mark feller who has something I said Marcus are at

[1:05:08] attorney it's working for us for Special Counsel mark can you okay mark

[1:05:13] I just wanted to react to a few things address a few issues that were raised by

[1:05:18] some of the comments first of all someone referred to this as a water

[1:05:23] sewer it's really just sewer that we're talking about that is what the proposal

[1:05:29] is that's on the tables for the sale a sewer system there's no question that

[1:05:35] American water is in a business make a profit

[1:05:42] however unlike let's say your cable company or some other businesses you

[1:05:47] work with American water is regulated by the Public Utility Commission the Public

[1:05:53] Utility Commission puts a a cap on the amount of rate increases that that can

[1:05:59] go through it makes sure that the utility company is not spending in a an

[1:06:06] excessive amount on capital projects that could get passed through to

[1:06:10] ratepayers so again unlike your cable bill there is

[1:06:15] a governing body that is monitoring these increases and you know making sure

[1:06:22] that they're fair there's also a consumer advocate within the Public

[1:06:26] Utility Commission that speaks out in favor of or I should say against rate

[1:06:32] increases in many cases and members of the public have standing to go to the

[1:06:38] PUC and to voice objections to the issue of rate increases is going on throughout

[1:06:49] the Commonwealth I live in a township in Bucks County with a municipally-owned

[1:06:54] system we just got a notice of a 37 percent rate increase and there's

[1:06:59] probably another one coming along next year and it again it's government-owned

[1:07:05] but it's it's due to the requirements of the Pennsylvania DEP and and avoiding

[1:07:12] discharges of sewage into the water supply into rivers and streams many

[1:07:20] townships have not kept up with these obligations and rates have been

[1:07:24] artificially low over the years and it's starting to catch up with a lot of

[1:07:30] municipalities another another thing is that the sale proceeds of these systems

[1:07:37] as is the case here can be used to pay off debt existing debt or an existing

[1:07:45] debt has paid off there's less money that the

[1:07:47] township has to spend for debt service so that helps keep taxes lower than they

[1:07:53] might otherwise me the money can also be used for capital projects that typically

[1:07:59] we get financed by issuing bonds and issuing bonds creates the obligation to

[1:08:05] pay debt service that has an upward impact on taxes so the proceeds of the

[1:08:11] sale which which all committed to be used for other purposes including paying

[1:08:17] down non sewer debt can have a positive benefit in keeping taxes down because

[1:08:25] you're not borrowing as much money and paying as much debt service for project

[1:08:30] so I just wanted to make those points and certainly you know people have

[1:08:36] questions follow-up questions I'd be happy to answer them

[1:08:39] okay give me a second here I got

[1:08:45] Stephanie this is Robert Rome 1290 white spire can you hear me yep hello I just

[1:08:57] would say someone made the comment of when once it happens once it happens as

[1:09:03] opposed to if this happens so I don't know if the decision was already made to

[1:09:07] go ahead with the project but typically selling bonds for a municipal area has a

[1:09:14] cheaper rate than you would as a private financier it would be charged a higher

[1:09:19] rate so selling your bonds would be cheaper over sarah-jane

[1:09:23] sorry kids are the backgrounds and typically a study of local public

[1:09:32] service deliveries in over a thousand US municipalities found that between 1997

[1:09:38] and 2002 twice as many miss you Nissa polities ended privatization and began

[1:09:44] going back to public operation of water systems and sanitation systems because

[1:09:50] overall the costs went up on average twenty percent and this is based upon I

[1:09:55] don't know what do you guys benchmark against but

[1:09:59] food and water watch org they have a lot of information about different

[1:10:06] municipalities who have gone private and then going back to public so I don't

[1:10:13] know what townships you've benchmarked against for this project to compare

[1:10:20] apples to apples but judging by the graph that I saw it's really not a lot

[1:10:27] into that graph to show us what the rates really are and if it is three or

[1:10:33] four percent but the projections look more like seven or eight percent I'm not

[1:10:37] really sure they're really accurate but that's just a cycle I really didn't have

[1:10:42] any questions other than accommodating on that okay let's go down I'm going

[1:10:56] down just give me a minute to say I know other people had their hand up I think

[1:11:00] anymore I don't see any more should we unmute the people that are calling in to

[1:11:04] see if they have questions check one of check one or two and see if they can

[1:11:09] talk hello I'm not sure who this is on the telephone

[1:11:14] what's your number two one five six six six two four eight five again up Evan

[1:11:24] okay okay so let's let's go to the next person Evan do you have a hands up

[1:11:32] signal on your phone I'm on the computer as well as using the phone because my

[1:11:38] microphone doesn't work so if I wanted to put my hand up I could do it on the

[1:11:43] computer okay okay all right so we got some more hands up before we finish the

[1:11:48] people on the phone we have bill Broglie here first off thank you guys for this I

[1:11:57] appreciate that you got it organized to take something you got it organized

[1:12:05] it's defined for everyone the township with where the process of this

[1:12:11] discussion is actually going I mean obviously there's no vote going on

[1:12:16] tonight but something we're progressing right it's so so bill what we're doing

[1:12:23] is continuing on with this this format in and asking questions and increasing

[1:12:29] it so what guy's telling you that the letter went out today so there'll be

[1:12:33] more interest more people have background on this so michelle has

[1:12:37] posted all the information on our website so the intent is to have a

[1:12:40] meeting on the 8th the 14th and 16th and at that point

[1:12:45] seeing how or we stand were tentatively scheduled to vote on on the 20th so

[1:12:50] we'll have to advertise the ordinance before that time period but the voting

[1:12:54] is tentatively looking at right now on the 20th given what we would do now the

[1:12:59] additional three three meetings go of course what's going on in the nation so

[1:13:04] that's that's the process going forward coupled with what's posted in and then

[1:13:09] ongoing communications with Michele and the pfm and our attorneys answer any

[1:13:14] questions so if you don't mind I haven't I haven't spoken to chuck at all but I

[1:13:19] mean is this gonna be a legitimate way to have a meeting Chuck or mark you want

[1:13:26] to talk a little bit about the public meeting standards now that our employees

[1:13:33] or this is this is a problem obviously that's been troubling for a number of

[1:13:41] jurisdictions of our townships and other local governments but under the

[1:13:47] governor's declaration of an emergency in the township declaration of emergency

[1:13:52] and based on language that we've examined in the sunshine law and some

[1:14:00] other statutes

[1:14:04] properly conducted and we think this one is properly conducted will constitute a

[1:14:09] valid public meeting and obviously we've heard a lot of questions and comments

[1:14:14] very good ones and that is essentially what the process is designed to do to

[1:14:20] allow people to ask questions and voice their positions on these issues there's

[1:14:27] also at the present time some consideration in the state legislature

[1:14:31] to amending Pennsylvania law and open meetings to specifically provide that

[1:14:38] these kinds of electronic access meetings will in fact comply with the

[1:14:45] Pennsylvania sunshine law for the duration of this emergency so while it

[1:14:51] may not even be necessary to have that kind of legislation put in place because

[1:14:57] we we and many firms feel comfortable that this does meet the requirements of

[1:15:02] current Pennsylvania law and under the current situation having that additional

[1:15:07] comfort will essentially eliminate any debate about the issue so we're

[1:15:13] following that very carefully we think there's a good chance that some

[1:15:18] legislation will be would be adopted

[1:15:23] Berger mark people please Chuck that this is Tracy did you did you

[1:15:31] I don't know if you would you would make try to make a comment Chuck yeah thanks

[1:15:37] Tracy I just I just wanted to say that bill we have looked at this and Mark

[1:15:43] summarized it very well we believe that these types of meetings

[1:15:48] comply with the first-class township code and the Sunshine Act although might

[1:15:53] be inconvenient it gives the public a chance to to comment and voice their

[1:15:57] concerns with respect to the transaction so we don't end many problems with with

[1:16:03] the process I'll just add that at least from my understanding and it it probably

[1:16:08] should come from race with other members of the board there has been absolutely

[1:16:13] no decision made to proceed with this transaction

[1:16:17] and that is the purpose of these meetings to hear public comment

[1:16:20] questions objections but there will be no decision on the sill of the system

[1:16:26] until all these meetings within health and it comes up for a vote on an

[1:16:32] ordinance when if it is determined to proceed the ordinance would be adopted

[1:16:38] to authorize even with the transaction without ordinance they might be adopted

[1:16:42] so that's that's at least my understanding trace in it that's correct

[1:16:46] so like Bill's question with tentative right now for xx given where we're

[1:16:52] flowing well with these with these meetings and people can get their

[1:16:56] questions answered and give the feedback we get from from throwing the letters

[1:17:01] any other commissioners when I want to talk to that point we do have another

[1:17:06] hand up then tell yep least tonight or in the future could answer that question

[1:17:23] that we heard earlier as into what townships do you guys actually used for

[1:17:29] research comparing us to and and the difference of that type of funding the

[1:17:36] privatizing the sewer system versus the municipal bonds in funding obviously

[1:17:41] with much lower rates I'm just curious as into the research you guys all did in

[1:17:47] comparison for our area versus ours okay can you can you help again on what do

[1:17:53] you what are you saying on the just so I understand your municipal bond piece

[1:17:57] over we're not looking for any funding what what do you mean by that

[1:18:03] okay so yeah Bennet's got you heard that question well I think Alice sent us an

[1:18:11] email so we'll take a look at that and we'll get back to him with the

[1:18:13] one-on-one emails see where we're getting at what he's asking specifically

[1:18:16] so do you see any more let me double-check one more time I didn't know

[1:18:22] if you wanted to check the rest of the people that are on the phone or not I

[1:18:27] can unmute here I have a three zero to a number I have a 3-0 to an area

[1:18:38] code number can anyone hear me okay Michelle we're going to technical

[1:18:44] pieces on that we can't go through we have ed with this hand up I don't know

[1:18:49] who it is

[1:18:51] Edie do we understand okay yeah can you stay here first and last

[1:18:58] name and your address yeah at all four a two two five seven Bruce Drive yeah

[1:19:06] hello keeping a little late so my questions are redundant but I'm just

[1:19:10] concerned about the time frame sewer service of my house project cost and is

[1:19:18] it mandatory you say you said Bruce Drive yeah he's on Bruce Drive tree Oh

[1:19:27] Chris okay I think we have what do we have that's twenty to twenty twenty two

[1:19:33] two two five seven we're looking for the year I'm sorry yeah FY 22 that's the

[1:19:51] schedule for that so American water depending on the closing date year 2022

[1:19:57] so I suspect if this went through and then then it would be American Water

[1:20:02] handle and if it did not go through then your schedule for FY 22 is that then so

[1:20:10] you would be if we if we kept it it would be the connection fees would be

[1:20:14] the 5447 if if not if it was American water then there was not being a

[1:20:21] connection fees and of course you'd be just like everybody else they're

[1:20:24] responsible connected from your car to your house is that it is that what you

[1:20:29] wanted yeah that's it and the only other four is is it a mandatory to hook up

[1:20:36] yeah a functioning a functioning septic system yeah Christine any more on that

[1:20:42] yes would be a mandatory connection to make

[1:20:46] things even close to feasible all homes in the communities have to be connected

[1:20:53] for the maps in the 5:37 plan and did you say what you said about a 5:37 plan

[1:21:01] that's the the chief document we work off of for the scheduling of the

[1:21:05] different projects are coming okay so you said 2022 it would be probably 22

[1:21:12] the current plan that's correct okay okay that answers my question other

[1:21:18] folks we're at right 20:28 at 8:28 right now hour and a half use the hour and a

[1:21:26] half when folks that's the petals florist folks can go so no other

[1:21:31] questions what we'll do is anymore the emails you have coming in Kathy

[1:21:34] mentioned it as well you get us online we will get these the meeting for the

[1:21:42] eight schedule so you go to the website and see the dialing information or

[1:21:46] further I'm sorry the login information there we'll get that posted tomorrow and

[1:21:49] then please look for the letter coming out and give comments back if you'd like

[1:21:52] on on that with that said Michelle anything else just if anybody is on a

[1:21:59] phone and has questions and weren't able to ask their questions on this platform

[1:22:04] they can feel free to email me at manager AUP township work or certainly

[1:22:09] pick up the phone and give a call to the township office extension 201 okay with

[1:22:18] that thank you everybody and any feedback on the technical part of this

[1:22:25] so appreciate you so I'm going to go ahead and end the meeting now thank you

[1:22:30] okay thanks thanks thank you

Public Meeting on Sewer April 6, 2020

Transcript