1 00:00:00,420 --> 00:00:08,010 our is Scott gonna be joining us yeah he'll be a little late you'll be a 2 00:00:04,020 --> 00:00:14,040 little late okay all right so I'll start with the first slide so tonight what 3 00:00:12,269 --> 00:00:21,810 we're gonna do is simply sum some question and answer sessions just so you 4 00:00:17,910 --> 00:00:24,510 would be a your you're aware of how it's going to work tonight so the participant 5 00:00:23,160 --> 00:00:30,119 system you Township residents and taxpayers please sign in with your with 6 00:00:28,529 --> 00:00:33,090 your full name I'll show you how to do that if you want to go ahead and talk so 7 00:00:31,470 --> 00:00:39,540 we can have that if there's a glitch and you don't know Jason button crazy limbs 8 00:00:36,390 --> 00:00:42,450 one second have you everybody was time for your question go ahead and state 9 00:00:40,649 --> 00:00:47,760 your own name and then as a resident your address so you can update your name 10 00:00:46,020 --> 00:00:55,379 by by hitting and participants and this is a picture is there all the folks are 11 00:00:51,059 --> 00:01:01,649 on mic now you can see my not I cannot see your screens grace you can't see it 12 00:00:59,270 --> 00:01:17,610 Michelle do you see it anybody else see it I don't see it I don't see it you see 13 00:01:12,390 --> 00:01:23,130 it okay yeah okay all right so start over so for tonight we had this meeting 14 00:01:20,880 --> 00:01:28,619 in for a question and answer session and for the participants we're asking that a 15 00:01:25,650 --> 00:01:33,210 resident text there is pleased and when you do as you walked in you had an 16 00:01:30,750 --> 00:01:37,350 opportunity to type in your name this is a way to update your name if you want to 17 00:01:35,460 --> 00:01:41,939 speak so we get the full name if you can't actually can't do that then once 18 00:01:39,960 --> 00:01:46,320 we on my cue if you just go ahead and state your name and then your address 19 00:01:43,409 --> 00:01:50,610 and this kind of gives you the zoom menu bar and anybody stop me if I'm going to 20 00:01:49,079 --> 00:01:54,540 click on this stuff this is what you should see whether you have an iPhone or 21 00:01:52,350 --> 00:01:59,960 if you have an iPad or you're on your computer something around this this is 22 00:01:57,570 --> 00:02:03,810 what you push to connect audio wise and if you hit did and I'll show you the 23 00:02:02,460 --> 00:02:10,890 next slide how this works you'll hit the participant buzz hold that as we go 24 00:02:09,569 --> 00:02:13,410 through the slide deck the bin will actually do is that hold on to your 25 00:02:12,900 --> 00:02:21,180 question to last and then when it's time to ask 26 00:02:15,720 --> 00:03:05,190 those questions raise your hand and there's a functioning has Michels email 27 00:03:02,400 --> 00:03:10,170 address on it as well and you can mail her those particular questions if this 28 00:03:07,920 --> 00:03:14,360 doesn't work out for you and then we'll get them to the appropriate party to 29 00:03:11,460 --> 00:03:21,860 answer those so a little bit more detail any questions on that slide a little bit 30 00:03:19,590 --> 00:03:26,190 more detail so if you do hit that participate button this is just an 31 00:03:24,330 --> 00:03:31,860 example I walk in with a different different unit you can see here where 32 00:03:29,370 --> 00:03:37,260 the videos on the mics mic / you see that on your your your machine as well 33 00:03:34,280 --> 00:03:40,890 and then this will come up once you get that if you select your name if you 34 00:03:38,820 --> 00:03:46,709 clicked your name that says me and you hit raise hand this is what happens the 35 00:03:43,350 --> 00:03:50,130 hand comes up and then accordingly when you're done asking a questions you just 36 00:03:48,150 --> 00:03:54,450 lo your hand and we know that we've we've answered your question another way 37 00:03:52,530 --> 00:03:59,640 you can go in you know the three dots it to the right so just to highlight if you 38 00:03:57,989 --> 00:04:04,980 did want to wanted to change your name or update your name same way it renamed 39 00:04:02,880 --> 00:04:11,630 is all all you do is just punch in your name again and get done so for tonight 40 00:04:09,030 --> 00:04:14,900 back over there any questions on that questions on that one 41 00:04:15,680 --> 00:04:24,020 okay for tonight we have the folks here from from upper POSCO myself Rene Dave 42 00:04:22,320 --> 00:04:27,570 wall Kathy Martin Michelle Reddick our Township Manor 43 00:04:26,010 --> 00:04:33,360 manager Chuck will be joining us a little bit later 44 00:04:29,630 --> 00:04:37,710 he's our solicitor Chris Belka who's on an engineer mark fellers our attorney 45 00:04:35,760 --> 00:04:44,790 special counsel Liz will be joining us a little later is also from Dilworth 46 00:04:39,600 --> 00:04:49,080 special counsel and Ben M aside from pfm who's been doing a lot of the work since 47 00:04:46,830 --> 00:04:52,680 we started this project and so is with Scott and John Baylor who is our 48 00:04:50,970 --> 00:04:57,240 Township steward committee chairs been involved with this as we first met with 49 00:04:54,690 --> 00:05:03,090 some of the utilities several almost a year ago past a year ago for 50 00:05:01,170 --> 00:05:06,360 Pennsylvania American Water who is the highest bidder on the phones and I have 51 00:05:04,830 --> 00:05:12,480 Bernie the senior director for business development Keith got edge and John 52 00:05:09,150 --> 00:05:15,230 Award is their attorney list rosovsky is that how you pronounce it 53 00:05:15,500 --> 00:05:27,600 scary honey miscarry scared gable Mike gun trim and Maggie Schiele so once a 54 00:05:24,990 --> 00:05:31,020 once American this way American market starts to answer question and Bernie can 55 00:05:29,400 --> 00:05:35,760 certainly identify who we'd like to answer those questions so that's how we 56 00:05:33,780 --> 00:05:39,030 have on the line generally what we do on this if you if you've not spoken in a 57 00:05:37,830 --> 00:05:43,890 while if you just kind of say your name for the folks that are unliked 58 00:05:40,670 --> 00:05:50,820 so so the residents know who's talking so I'm going to stop this one and then 59 00:05:47,940 --> 00:05:55,310 I'm gonna ask that then go help them put the slide deck up for tonight and then 60 00:05:53,460 --> 00:06:00,420 after we get through the first slide Michelle will be watching closely so if 61 00:05:57,450 --> 00:06:07,710 you want to open up your mic just put up your hand and we'll see I think right 62 00:06:02,670 --> 00:06:18,450 now we have 47 participants yep okay so I am taking that down so you want to go 63 00:06:15,750 --> 00:06:26,010 ahead and share yours a trace it saying that the host disabled participant 64 00:06:20,400 --> 00:07:15,180 screen sharing I think you have to like enable me to be able to do it did you 65 00:06:39,419 --> 00:07:21,710 hear that race race maybe you can put up and slide deck was my next option yeah 66 00:07:19,140 --> 00:07:21,710 okay 67 00:07:58,960 --> 00:08:10,930 then once you send the last updated version of a presentation is this 68 00:08:08,479 --> 00:08:25,580 morning at 10:51 or something like that see if this is I can send it right now 69 00:08:23,569 --> 00:09:32,589 trace if you want let me see if this is it first I think yeah all right so do 70 00:09:27,649 --> 00:09:32,589 you have it on slideshow no no I 71 00:09:33,529 --> 00:09:39,890 okay okay yeah thanks so I'm been Cap'n Stein as Traci said with pfm Financial 72 00:09:38,510 --> 00:09:44,029 Advisors I'm gonna tick through this here we're 73 00:09:41,660 --> 00:09:46,790 gonna kind of do it a couple people are gonna talk I think I'm gonna kick at the 74 00:09:45,320 --> 00:09:51,200 trace for a couple of things and then Bernie from PA Americans gonna talk as 75 00:09:48,890 --> 00:09:59,240 well but if we won't go to the first slide so just giving a little background 76 00:09:56,300 --> 00:10:05,959 here number one in early 2019 the township engaged pfm to explore selling 77 00:10:02,480 --> 00:10:09,199 the the sewer system a lot of things have transpired since then there's been 78 00:10:07,579 --> 00:10:11,570 a lot of due diligence that's happened we're going to talk about that a little 79 00:10:10,880 --> 00:10:15,350 bit more on the next page but first I think we wanted to 80 00:10:13,880 --> 00:10:19,640 get into some of the reasons that the township was looking to sell the system 81 00:10:18,380 --> 00:10:23,690 and trace I think I'm gonna hand it back to you for that 82 00:10:20,450 --> 00:10:27,770 okay so this is kind of parallels a letter to go it's going out and that 83 00:10:25,610 --> 00:10:31,550 went out it's already posted it went out today so the residents and we said we 84 00:10:29,630 --> 00:10:37,100 sent it all the residents we have address as far was in the township 85 00:10:34,160 --> 00:10:42,500 so the reason for exploring this we had a current debt right now this is 86 00:10:40,700 --> 00:10:49,310 December 31st 2019 this is interest and and debt 87 00:10:46,130 --> 00:10:53,210 outstanding at that time so if we would put any type of payoff in place it would 88 00:10:51,500 --> 00:10:58,190 be around seven million three hundred or something around that the other pieces 89 00:10:55,550 --> 00:11:03,110 are unfunded pension liability this number is probably lower than what it is 90 00:11:00,920 --> 00:11:07,280 now given the market conditions over the last month and a half that this is what 91 00:11:05,720 --> 00:11:12,140 we pay our retirees and what we're supposed to have in there and we're 92 00:11:08,780 --> 00:11:22,010 short at this particular time we did in an actual this building study a while 93 00:11:17,270 --> 00:11:27,500 back last year and it came in between around 3 3.5 million to almost 4.8 94 00:11:25,130 --> 00:11:31,910 million this is kind of like we're thinking about 3.5 to 4.5 on our two 95 00:11:30,350 --> 00:11:35,660 buildings in our two main buildings in one of the the police station Public 96 00:11:33,680 --> 00:11:40,670 Works and then the fire department and our administrative building and that was 97 00:11:38,600 --> 00:11:43,520 a cost to repair them and then taking a look at what what we would do if we 98 00:11:41,990 --> 00:11:51,470 wanted to go someplace out for that with that this is a exposure to capital 99 00:11:47,840 --> 00:11:57,020 spending so our 537 plan is we we have several different projects we have a 100 00:11:53,330 --> 00:12:00,830 schedule to go forward some of those are will be the ones that we have scheduled 101 00:11:59,180 --> 00:12:06,800 will be listed in the and the letters that goes forward those can be very 102 00:12:04,520 --> 00:12:11,200 expensive as we put those things in depending on what we have there it looks 103 00:12:08,540 --> 00:12:15,050 like if we didn't do anything what we'd have to borrow it against that 104 00:12:13,400 --> 00:12:21,380 to put in the ground depending on what our balances worth was in and then sewer 105 00:12:17,930 --> 00:12:24,800 fund and then eliminating system risk so if something fails we're responsible for 106 00:12:23,630 --> 00:12:29,690 that in this way which spreads out the risk 107 00:12:26,450 --> 00:12:34,880 and that goes to the buying utility so that was in a detail you'll see posted I 108 00:12:32,660 --> 00:12:38,870 encourage you to go online and read the whole letter you should have that in 109 00:12:36,260 --> 00:12:44,390 hand within one to two days as well as a hardcopy mail wise that's that's at our 110 00:12:42,020 --> 00:12:48,920 tent and at the bottom is you start seeing a benefit we'll go ahead and take 111 00:12:45,920 --> 00:12:52,910 over what the bid came in and you can see that we're doing pretty well on 112 00:12:51,170 --> 00:12:57,560 coverage of what our intent was so been yeah so I mean just on point three there 113 00:12:55,640 --> 00:13:02,240 it's been it's been about a year long process to get to this point but 114 00:12:59,320 --> 00:13:08,960 February 5th we issued a request for bids to both pre-qualified bidding teams 115 00:13:06,710 --> 00:13:13,730 it was PA American and aqua those were the two team that were frequent 5 and PA 116 00:13:11,720 --> 00:13:17,780 American all limit ly submitted the highest bid for thirteen million seven 117 00:13:15,470 --> 00:13:22,430 hundred and fifty thousand which met the township's expectations for what for 118 00:13:19,940 --> 00:13:26,420 what they were looking for so if we go to the next page we'll talk a little bit 119 00:13:23,960 --> 00:13:28,490 more about some of the process the things that have happened to get us to 120 00:13:27,800 --> 00:13:34,100 this point just real quick yes we have any 121 00:13:30,860 --> 00:13:37,670 questions on that first slide I don't see any hands up trace I'm checking I've 122 00:13:36,320 --> 00:13:42,560 been checking every couple of minutes and folks will cover it again to at the 123 00:13:40,340 --> 00:13:47,020 end so if you don't want to do it at this point we'll we'll ask ask the 124 00:13:45,110 --> 00:13:53,540 question just open it up at the end nothing up Michelle no I didn't see any 125 00:13:50,180 --> 00:13:57,320 hands up Trey okay go ahead okay so yeah just ticking through kind of the 126 00:13:54,620 --> 00:14:02,360 timeline what's happened so in May of 2019 we presented the township with a 127 00:14:00,170 --> 00:14:06,800 limited scope valuation basically telling them what we thought their 128 00:14:03,830 --> 00:14:11,510 system could be worth in the market and then the township decided to move 129 00:14:08,840 --> 00:14:15,200 forward after that step so in June we released a request for qualifications 130 00:14:13,520 --> 00:14:19,130 that's kind of the first step in the process for us it's where we reached out 131 00:14:17,750 --> 00:14:23,420 and we say who's interested in the system if you're interested please 132 00:14:20,660 --> 00:14:26,900 submit your qualification and tell us that you're financially qualified 133 00:14:24,640 --> 00:14:31,970 technically qualified and and you've done this before we received two 134 00:14:29,390 --> 00:14:35,540 responses back one from PA American and one from aqua both of those bidding 135 00:14:34,340 --> 00:14:38,030 teams were determined to be pre-qualified so they both entered the 136 00:14:37,640 --> 00:14:46,190 crowd says as we call it in July and and up 137 00:14:43,040 --> 00:14:53,660 really until February in 2020 so do I 19 through Feb 22 the documents we held 138 00:14:50,690 --> 00:14:58,550 meeting at the township building with both bidding teams both teams were able 139 00:14:56,180 --> 00:15:03,590 to take tours of the township and look at the assets that were above ground so 140 00:15:00,920 --> 00:15:07,550 really a lots happened there is an asset purchase agreement developed in that 141 00:15:05,060 --> 00:15:12,170 time that was negotiated back and forth between the bidding teams and the 142 00:15:09,200 --> 00:15:16,730 township and its legal advise there's it all culminated again on February 5th to 143 00:15:14,510 --> 00:15:21,470 release their request for bids we got responses back March 16th it just so 144 00:15:19,430 --> 00:15:26,480 happened that the bids were within 10 percent of each other which triggered 145 00:15:23,030 --> 00:15:30,050 what we call a best and final offer so basically we went back to both bidding 146 00:15:28,130 --> 00:15:33,170 teams and we said look the bids were closed 147 00:15:31,070 --> 00:15:36,980 you can both submit a higher bid if you wish the results of that again the 148 00:15:35,450 --> 00:15:43,970 Americans submitting the highest bid with that 13 million 750 after that we 149 00:15:42,080 --> 00:15:50,840 had an executive session with PA American on March 25th that was a 150 00:15:46,970 --> 00:15:54,020 virtual executive session on here it has April 2nd was the first public 151 00:15:52,400 --> 00:15:59,300 presentation but actually tonight is the first public presentation in addition to 152 00:15:57,230 --> 00:16:04,460 tonight the township has also scheduled three more public presentations on the 153 00:16:01,430 --> 00:16:09,200 8th which is Wednesday the 14th and the 16th of April and it all culminates in 154 00:16:07,250 --> 00:16:14,110 the consideration of an ordinance to approve the final sale on April 20th 155 00:16:11,210 --> 00:16:18,320 that's the current plan that's laid out financial clothes typically for a 156 00:16:16,250 --> 00:16:21,950 transaction like this it has to go through the Pennsylvania Public 157 00:16:19,460 --> 00:16:26,720 Utilities Commission which usually takes about nine months to a year so it's a 158 00:16:23,690 --> 00:16:30,890 pretty long closing process and where they might get into that a little bit 159 00:16:27,860 --> 00:16:36,410 later I think that's good for that slide trace okay questions on that slide 160 00:16:33,820 --> 00:16:41,030 somebody had their hand up the last time but then they put it back down after we 161 00:16:38,810 --> 00:16:43,960 started then I lied so I don't see any hands up right now 162 00:16:44,360 --> 00:16:51,019 I'm gonna kick it over to Bernie Pompeii American water to talk a little bit 163 00:16:48,529 --> 00:16:58,279 about his company and what they're offering in this piece you appreciate 164 00:16:55,370 --> 00:17:03,350 the opportunity to come and enjoy this unique format which might be the new 165 00:17:00,800 --> 00:17:11,240 normal for a while here but I think everybody's good job our virtual reality 166 00:17:08,949 --> 00:17:15,110 so a little bit of background on Pennsylvania American Water we're 167 00:17:13,579 --> 00:17:21,169 actually the largest water and wastewater regulated entity and 168 00:17:18,459 --> 00:17:29,570 currently have a hundred and forty thousand customers in 36 of the state's 169 00:17:25,600 --> 00:17:35,240 67 counties eighteen percent of the population customer base is six hundred 170 00:17:32,960 --> 00:17:42,610 and sixty thousand water customers and seven thousand wastewater we are 171 00:17:39,200 --> 00:17:49,669 proximate to the township we have a large regional system to the west we 172 00:17:45,620 --> 00:17:54,350 call it our Glenn Alsace water system where we we provide the water service 173 00:17:51,830 --> 00:18:04,580 and then we recently bought the Exeter Township wastewater system closed on 174 00:17:56,990 --> 00:18:12,950 that last Exeter Amity system and then to the east we have a general water 175 00:18:07,340 --> 00:18:18,700 system roryd system that system the between the two we serve about 35,000 176 00:18:15,530 --> 00:18:33,410 customers we also have under agreement to acquire the Warriors town borough 177 00:18:21,799 --> 00:18:39,470 waste to employees nearby of the bar across the state we employ about a 178 00:18:36,650 --> 00:18:52,910 little over 1,100 employees across Pennsylvania our corporate offices in 179 00:18:42,140 --> 00:18:56,260 mechanic regulate a little difference between us in the township is with 180 00:18:56,500 --> 00:19:08,150 they regulate us great as well as customer service like the township we 181 00:19:02,960 --> 00:19:20,600 also have an environmental regulators in some cases and of course regulations our 182 00:19:17,570 --> 00:19:25,610 company again we're the we're the largest in Pennsylvania company is 183 00:19:23,690 --> 00:19:29,930 America Ernie Bernie just a second someone has their phone on the 184 00:19:27,560 --> 00:19:32,080 background if someone's using a computer and a phone it's too close to the 185 00:19:31,430 --> 00:19:39,200 computer go ahead burning so anyway our parent of 186 00:19:37,040 --> 00:19:44,360 America water trades under the stock exchange number eight letters a wk is 187 00:19:41,870 --> 00:19:51,590 the largest investor owned water company in the United States it trades in the 188 00:19:46,340 --> 00:19:56,480 S&P 500 and owns 413 other regulated utilities across Pennsylvania just a 189 00:19:54,620 --> 00:20:02,990 little bit about our you know our set up is we we are again regulated by the PC 190 00:20:01,340 --> 00:20:07,190 so anytime we want a rate adjustment that would have to go through a PC 191 00:20:04,550 --> 00:20:11,090 process typically rates are adjusted to recover the amount of investment that 192 00:20:09,110 --> 00:20:15,350 the company is going to make so on an annual basis we've been averaging about 193 00:20:12,950 --> 00:20:19,760 three to four hundred million dollars worth of capital improvements for our 194 00:20:17,180 --> 00:20:24,710 water and wastewater systems plants pumps pipes massive amounts of 195 00:20:22,880 --> 00:20:29,180 infrastructure investment we're trying to stay ahead of the maintenance cycles 196 00:20:26,300 --> 00:20:37,910 and the maintenance curves over the last five years that's 1.3 billion dollars 197 00:20:34,270 --> 00:20:42,200 utility upgrades I did mention the fact that we're you know heavily regulated we 198 00:20:40,250 --> 00:20:50,240 have a strong wastewater presence we were currently on 18 wastewater systems 199 00:20:45,050 --> 00:20:55,340 we have three more on this is we are we're also very local and again we have 200 00:20:52,820 --> 00:21:00,560 that customer base locally approximate to the township 201 00:20:56,330 --> 00:21:05,660 we employ locally and you know that with our scale comes some advantage when we 202 00:21:03,050 --> 00:21:08,809 purchased materials you know we aggregate purchasing power the American 203 00:21:07,850 --> 00:21:13,910 level and that's to the benefit of the customers as is 204 00:21:11,730 --> 00:21:18,630 our operating expenses for power chemicals and vehicle purchases so you 205 00:21:17,010 --> 00:21:23,790 know we're we're going to be able to take on what the township is doing right 206 00:21:21,059 --> 00:21:30,650 now with 1,500 or so customers we're gonna bring that in to seven hundred and 207 00:21:26,040 --> 00:21:38,400 forty thousand customers and spreads group costs across to our customer base 208 00:21:35,809 --> 00:21:47,040 about kind of a high level oversight there treif questions on that slide we 209 00:21:43,679 --> 00:21:52,320 have a question from a dustin so I'm gonna unmute him and asked him to state 210 00:21:50,669 --> 00:22:01,919 his name and address for the record if he could please trace okay okay he's 211 00:21:55,650 --> 00:22:06,840 unmuted just a little suggestion for feedback wise if you're not speaking if 212 00:22:04,410 --> 00:22:13,260 you mute your mic it's much easier to hear the person that's actually speaking 213 00:22:09,540 --> 00:22:32,730 and if you are unmuted by the host you can mute and unmute at your leisure 214 00:22:15,679 --> 00:22:42,870 thank you any more questions okay and Bernie so the the township in its 215 00:22:40,470 --> 00:22:50,040 procurement ask for the bidders to submit what would be a price for the 216 00:22:46,799 --> 00:22:59,010 system but also an illustrative or indicative illustration to be repetitive 217 00:22:54,090 --> 00:23:05,190 of rate so what what the deal this deal actually was structured in a manner that 218 00:23:01,610 --> 00:23:12,750 while the current fee that the customer in the township pays which is $71 219 00:23:09,260 --> 00:23:17,490 sixty-seven cents a month that fee is actually going to decrease as part of 220 00:23:14,640 --> 00:23:24,990 the part of the transaction so prior to closing some time maybe in early 2021 221 00:23:22,410 --> 00:23:30,900 if if this is voted on the township will actually lower the flat rate fees 222 00:23:27,690 --> 00:23:38,370 charged to the residents to $65 a month and then you know part of part of the 223 00:23:35,510 --> 00:23:50,040 law that we're utilizing to acquire the system market value law will keep that's 224 00:23:44,429 --> 00:23:57,660 that's a requirement and we will the $65 per month rate dwelling unit customer 225 00:23:54,750 --> 00:24:04,620 and you know why we you know we typically will adjust rates or an 226 00:24:01,559 --> 00:24:14,850 as-needed basis our historical trend has been on average about three to four 227 00:24:07,650 --> 00:24:20,490 years cover the time but as this chart illustrates you know the next to you 228 00:24:16,919 --> 00:24:25,049 through 2022 we do not anticipate a rate adjustment to the base rates of the 229 00:24:22,140 --> 00:24:31,710 township and then after that you know Illustrated indicative attention rate 230 00:24:29,880 --> 00:24:39,750 increases that could occur over the next eight years as was asked for by the by 231 00:24:34,950 --> 00:24:56,850 the township so what is the median held for several years and then as investment 232 00:24:43,410 --> 00:25:08,330 is made and the system becomes questions on the fee slide I don't see any hands 233 00:25:02,640 --> 00:25:14,610 up to Jim Crawford yet puts on meet him hi guys Jim Crawford one one one five 234 00:25:11,190 --> 00:25:20,880 autumn view lane again a chart that shows past 2028 this it's going up and 235 00:25:18,870 --> 00:25:31,100 it'd be interesting to see what that looks like an additional chart 236 00:25:25,360 --> 00:25:35,169 well Jim that's um it's it's it really is difficult to tell to be honest with 237 00:25:33,500 --> 00:25:41,090 you but I can tell you that on average if you look back on average the 238 00:25:38,630 --> 00:25:47,509 company's average it rate increases about three to four percent now it 239 00:25:44,480 --> 00:25:55,610 doesn't occur immediately it occurs when rates goes adjustment but then when we 240 00:25:53,570 --> 00:26:02,450 go to file for a rate increase and the PC approves that rate adjustment you 241 00:25:58,009 --> 00:26:09,080 might see you know two three years you know percentages in aggregate Ernie how 242 00:26:06,139 --> 00:26:16,210 often do do those requests for rate adjustments get disapproved it's still 243 00:26:13,730 --> 00:26:21,919 Jim Crawford okay typically Jim they they I'm not I've 244 00:26:20,090 --> 00:26:27,769 never I've been with the company 29 years we've never had a situation where 245 00:26:23,929 --> 00:26:33,590 any of our rate increases approved and again the major reason behind that is 246 00:26:30,230 --> 00:26:38,210 it's for you know the recovery of the investment that we're making into these 247 00:26:35,480 --> 00:26:55,490 are our water and wastewater utility systems Jim any any more I see it 248 00:26:49,519 --> 00:27:00,200 outreach has a hand up yeah just a question in regards to I'll ask the 249 00:26:57,710 --> 00:27:04,429 commissioners when it comes to like at this rate increase as you can see it's 250 00:27:01,879 --> 00:27:11,509 going up from originally seventy one dollars now in your chart of 92 $1.00 251 00:27:08,299 --> 00:27:18,429 I'm gonna say to roughly 20 a month how often and how much is har rate increased 252 00:27:14,389 --> 00:27:22,779 currently since we started the program Chris do you want to talk better John 253 00:27:29,970 --> 00:27:38,590 jonbi there Chris Chuck Romney and I can bring I can talk that too if I bring up 254 00:27:35,290 --> 00:27:51,610 something we have historically the data that our rates have increased Chris Sir 255 00:27:49,690 --> 00:27:56,260 John have that handy or no it's not I have to turn the computer on to get it 256 00:27:53,850 --> 00:27:59,620 the reason why the questions are just trying to compare Eisen to what the 257 00:27:57,910 --> 00:28:07,090 difference is about how much we've raised and how we're are started at 258 00:28:02,440 --> 00:28:12,400 versus what this new private company is going to start an estimate race you're 259 00:28:10,720 --> 00:28:39,000 trying to compare the two apples the apples John do you want anything 260 00:28:48,490 --> 00:28:52,980 it's like Chris is muted I don't know 261 00:28:55,380 --> 00:29:02,830 Jeanie Jeanie Rene and now what all about their hands up 262 00:29:00,550 --> 00:29:13,600 Christian Rene that should be working fine Rene are you up let me unmute her 263 00:29:05,890 --> 00:29:19,420 and see Rene she's she's not she still has her hand up but I I think she has to 264 00:29:16,330 --> 00:29:25,870 unmute herself I'm not sure you know you can mute yourself Jeanne you probably do 265 00:29:21,310 --> 00:29:33,810 too yes I'm on okay I just wanted to reiterate that in 2007 the sewer rate 266 00:29:29,380 --> 00:29:37,710 went up 72 percent in one year so just go ahead throw that out there 267 00:29:40,390 --> 00:29:48,049 the Christian online I'm trying to pull them pull it up online I don't know 268 00:29:46,399 --> 00:29:57,789 Elwood has a question I don't know if you want to move on or you want tu al ly 269 00:29:50,570 --> 00:30:04,840 just I could certainly email we got so from 2014 to present it was eight 270 00:30:02,330 --> 00:30:20,080 hundred sixty dollars a year from rama 2009 to 2013 it was 800 from in 2008 it 271 00:30:10,730 --> 00:30:30,409 was 720 2007 420 2006 July 4 20 2006 293 492 92 291 289 136 78 to 80 120 2 point 272 00:30:26,929 --> 00:30:33,860 2 4 so I think the important thing there is a what we would need to do once we 273 00:30:32,539 --> 00:30:40,070 since we get we're getting these numbers is actually take this curve and plot 274 00:30:37,700 --> 00:30:45,500 what our projection increases would be so if we this number that we're putting 275 00:30:41,960 --> 00:30:49,549 2 right here that's at 860 so if you start bringing that across and then if 276 00:30:47,870 --> 00:30:55,640 we start doing our new projects within here then we'll see some kind inclines 277 00:30:52,370 --> 00:30:59,529 it goes up as well we'll be spending more on the capital procedures the 278 00:30:57,740 --> 00:31:05,570 capital projects in this time frame so that's they American waters projected 279 00:31:03,110 --> 00:31:09,980 out this way with the numbers that they they've ran ours are right now we're 280 00:31:07,970 --> 00:31:14,690 moving from a 1-year budgeting system to a 4-year budgeting system so we can see 281 00:31:12,440 --> 00:31:17,330 how that curve goes out and I know that Chris and I've been talking about those 282 00:31:16,429 --> 00:31:25,700 numbers as well Chris were you are you still on Chris 283 00:31:20,510 --> 00:31:28,700 Belka so you have a two more questions then you still have a leech still has 284 00:31:27,440 --> 00:31:35,929 his hand up I don't know if he has another question and then you have well 285 00:31:32,230 --> 00:31:40,970 Christ can you hear me now yeah Chris we got you okay 286 00:31:38,289 --> 00:31:48,740 yeah I mean the rent main reason for the big increase back in oh wait or whatever 287 00:31:44,870 --> 00:31:52,050 that year was was the regal Oaks palm station project 288 00:31:50,090 --> 00:31:57,150 which was chyna something that was forced on the 289 00:31:54,480 --> 00:32:01,560 township that was unforeseen so so that's really the bulk of the payment 290 00:31:59,580 --> 00:32:09,600 there that occurred and the reason for the major increase okay I mean I'm you 291 00:32:07,800 --> 00:32:18,030 know and see if he has an additional question a leach Steve Elwood's opens up 292 00:32:16,050 --> 00:32:23,760 I see how it has a handout all right let me unmute him yeah Chris answered the 293 00:32:21,600 --> 00:32:27,330 question about the large increased ten twelve years ago to answer 294 00:32:25,770 --> 00:32:32,130 Al's question the rates have been relatively stable in the last ten years 295 00:32:29,340 --> 00:32:38,880 since then as long as there's been no additional purchase debt that taking on 296 00:32:35,760 --> 00:32:42,450 and I am looking at the estimated graph there and I heard the gentleman suggest 297 00:32:41,130 --> 00:32:46,230 they get three to four percent a year this one indicates about a 6% a year as 298 00:32:44,640 --> 00:32:56,670 far as I can tell so there are my comments bill goes okay 299 00:32:52,950 --> 00:33:00,690 hold on let me get to him you can't get everybody up on the screen in order for 300 00:32:58,440 --> 00:33:27,570 me to see everything else let me find him see on by me okay does this include 301 00:33:21,420 --> 00:33:32,940 the expansion of the system right now that we're getting charged for or we're 302 00:33:31,470 --> 00:33:38,340 about to get charged for maybe not getting charged for I don't know we'll 303 00:33:34,560 --> 00:33:48,840 put the situation's I'm a Ming tribe to three framing drive I guess what you're 304 00:33:43,560 --> 00:33:54,810 asking is mean the current capital projects you're asking for correct okay 305 00:33:51,810 --> 00:33:59,280 that's all tied in together well it depends on the point of closing you know 306 00:33:57,060 --> 00:34:05,250 so depending on when the closing is we've already actually for the township 307 00:34:02,400 --> 00:34:09,210 to pay for capital projects and Chris you please 308 00:34:05,970 --> 00:34:14,700 chime in we have Megan Moyer and we also have Regal Oaks - a coupled with seven 309 00:34:13,920 --> 00:34:21,030 on gilbertville Chris yes at this point those two 310 00:34:17,700 --> 00:34:28,800 projects are still on schedule to complete this year so I think my letter 311 00:34:24,930 --> 00:34:34,770 from Michelle indicated that that ming drive was part of the Moyer road but i'm 312 00:34:32,790 --> 00:34:42,360 just trying to ask you guys if that's accurate enough yes okay yes make drive 313 00:34:39,300 --> 00:34:50,000 more Road as one project okay yes and that project includes the extension of 314 00:34:45,870 --> 00:34:57,540 sewer essentially to gilbertville Road from you know from the west side i'm 315 00:34:54,690 --> 00:35:08,130 gilbertville Road to the new connection for the new development furger I mean 316 00:35:04,070 --> 00:35:11,880 you get a mutiny Michelle couldn't find you now your mic should be open your 317 00:35:10,230 --> 00:35:17,370 hands up you still want I just have a quick quick thing this is nothing to do 318 00:35:13,710 --> 00:35:22,440 with I guess the just overall in these webinars are they recorded and is there 319 00:35:20,100 --> 00:35:26,190 a chat feature to make it easier to ask questions 320 00:35:23,970 --> 00:35:31,080 yes they are recorded and I've given the size of the file so we are going to see 321 00:35:28,530 --> 00:35:35,010 how we can hang those but we also we get a video and we get an audio file for 322 00:35:33,090 --> 00:35:41,850 that so we were recording it we're also doing the hard hard minutes as well and 323 00:35:37,860 --> 00:35:48,150 then the chat figure I mean there's some been recent complications with zoom with 324 00:35:45,140 --> 00:35:51,570 some some kind of a malware type stuff there is kind of being careful with the 325 00:35:49,590 --> 00:35:56,580 chat function but yes we do have a chat function if they don't have secured it 326 00:35:53,400 --> 00:36:01,130 is right now it's disabled for our purposes right now so if you have your 327 00:35:59,160 --> 00:36:05,790 own internal piece that would be fine but yeah it's going to make it easier to 328 00:36:04,230 --> 00:36:11,580 ask questions we certainly could do that way if it if it pans out and then again 329 00:36:08,250 --> 00:36:16,320 our backup is sending the emails so Michelle can get them to the correct 330 00:36:13,230 --> 00:36:20,960 people to answer the questions but we'll check on chat as long as we don't have 331 00:36:17,790 --> 00:36:20,960 any security issues on it 332 00:36:21,230 --> 00:36:36,180 any more questions on that slide I don't see more okay yeah I don't see any more 333 00:36:32,250 --> 00:36:40,430 questions okay next slide consist connecting existing homes to the system 334 00:36:41,570 --> 00:36:50,010 burning with talkback sure I could take it so as part of the due diligence the 335 00:36:47,910 --> 00:36:58,020 company you know reviewed where this where the municipality of to their 537 336 00:36:54,150 --> 00:37:07,830 plan which included some specific projects done pursue and the project 337 00:37:03,990 --> 00:37:13,920 schedule with DEP so projects of Regal Oaks phase B phase 2b and then horseshoe 338 00:37:11,970 --> 00:37:18,720 and Bruce drives and Continental and Old Orchard drives this project will be 339 00:37:16,230 --> 00:37:25,230 completed by Pennsylvania American Water Company once we own the system will step 340 00:37:23,070 --> 00:37:30,780 into the role the township was playing and we will will actually you know 341 00:37:28,260 --> 00:37:37,770 complete the design permitting and construction to those are those projects 342 00:37:33,830 --> 00:37:47,610 as it relates to item 2 there is a difference in the way Pennsylvania 343 00:37:40,170 --> 00:37:51,770 American charges for tapping fees the township has a tapping fee right now 344 00:37:49,650 --> 00:37:59,400 it's made up of various components that aggregates to about 5447 per connection 345 00:37:56,520 --> 00:38:06,810 when they hook to the township fee under our tariff PC regulated tariffs so for 346 00:38:03,570 --> 00:38:11,370 wastewater the company if you're an existing home for an existing business 347 00:38:09,870 --> 00:38:18,240 so that would be a home with an occupancy permit a business that's a 348 00:38:14,100 --> 00:38:24,300 building right we do not charge we call it a capacity we do not charge that to 349 00:38:20,700 --> 00:38:29,880 existing homes or businesses if it were a new development or you know say a 350 00:38:27,180 --> 00:38:35,030 non-existing fatherland of the developer wanted to construct at homes would be 351 00:38:33,230 --> 00:38:43,430 instructed as part of that then there would be a $4,000 capacity fee oh there 352 00:38:41,270 --> 00:38:49,790 isn't there is a difference between you know fees charged for connections under 353 00:38:46,310 --> 00:38:54,320 our ownership versus versus in this case the townships fee structure so again you 354 00:38:52,520 --> 00:39:01,970 know if it's an existing home those homes and that I mentioned in 1a B and C 355 00:38:57,880 --> 00:39:10,670 they will not be assessed a capacity Fiat what we own the system our company 356 00:39:05,600 --> 00:39:16,130 also pays for the cost of the connection from the sewer line to the curb or clean 357 00:39:14,119 --> 00:39:21,230 out the call that like the service lateral from the kerb to the you know 358 00:39:19,369 --> 00:39:28,880 property line where then the customer would install the plumbing to have the 359 00:39:24,410 --> 00:39:36,170 sewer line connected from that point so yeah so a little bit of a difference in 360 00:39:31,490 --> 00:39:41,330 in how those fees are managed so more you know more along the line on under 361 00:39:38,030 --> 00:39:46,960 utility regulation the public utility commission as a policy they try to 362 00:39:43,790 --> 00:39:52,910 incentivize connections so you know the ability to not not assess that cost but 363 00:39:51,050 --> 00:39:58,630 rather to build it into the rates and spread it across the customer bases is 364 00:39:55,400 --> 00:40:04,180 essentially a difference in PC regulated policy versus municipal municipal 365 00:40:05,230 --> 00:40:19,430 questions on that slide I see no questions no wait don't Berkeley has on 366 00:40:13,310 --> 00:40:23,980 one second bill so it says if you would like to be connected okay 367 00:40:26,619 --> 00:40:34,109 other other existing homes including these products that would like to 368 00:40:30,849 --> 00:40:34,109 connect to the system 369 00:40:34,380 --> 00:40:43,530 my understanding is that we're forced to connect to the system which might be 370 00:40:40,020 --> 00:40:49,860 fine but is I mean is that accurate or no no that's a good point so there is a 371 00:40:47,040 --> 00:40:55,770 point of differentiation is to so two things one you mentioned my which is my 372 00:40:54,090 --> 00:41:01,590 understanding of the township has mandatory connection coordinates 373 00:40:58,230 --> 00:41:07,860 what would still be in the system but number three really talks to projects 374 00:41:04,740 --> 00:41:12,570 outside of you know the ones that are part of the 5:37 plan so if there's 375 00:41:10,590 --> 00:41:17,640 areas in the municipality where there are existing homes and businesses that 376 00:41:15,270 --> 00:41:23,490 don't have wastewater but they would like that service we would work with 377 00:41:20,040 --> 00:41:31,590 those existing homeowners and businesses to see if wastewater service could be 378 00:41:26,670 --> 00:41:37,770 extended one other one other nuance to our tariff is that there's a formula 379 00:41:34,620 --> 00:41:42,870 based on what we call bonafide service applicants that's an existing home 380 00:41:39,540 --> 00:41:48,240 business and our company through that formula will invest fifteen thousand 381 00:41:45,900 --> 00:41:54,120 dollars toward the cost of an extension so if there were ten folks along a road 382 00:41:51,480 --> 00:41:59,190 that wanted wastewater we would and they you know with the ordinance we know that 383 00:41:55,710 --> 00:42:03,810 tap in so 10 times 15 we would hundred thousand dollars for that project if the 384 00:42:02,070 --> 00:42:08,580 cost of the project was enough to cover the extension company would fund the 385 00:42:06,060 --> 00:42:12,360 entire extension to those folks they would not have been to pay a tap in fee 386 00:42:10,560 --> 00:42:17,360 they would have to pay their plumbing fees to connect to the to the wastewater 387 00:42:14,670 --> 00:42:17,360 system 388 00:42:23,040 --> 00:42:41,230 anybody else that's right don't see any other hands up okay okay if you want so 389 00:42:38,530 --> 00:42:44,380 any other questions overall and then let me know once you come up with your hand 390 00:42:43,030 --> 00:42:53,070 what side you want to go to or if there's anything specific around that so 391 00:42:46,920 --> 00:42:58,690 we don't end up a leech here on mutant just a question regards to we keep 392 00:42:56,770 --> 00:43:04,450 talking about the debt and everything like that so my question is what is the 393 00:43:01,210 --> 00:43:08,640 actual debt of the water sewer versus what is the actual debt of the township 394 00:43:23,220 --> 00:43:34,480 so overall what we have is the addition numbers as of December 31st total debt 395 00:43:31,210 --> 00:43:37,500 as a December 31st was seven million three hundred and twelve thousand 396 00:43:35,890 --> 00:43:40,960 dollars seven minutes sixty-four cents interest to paid if they all go to 397 00:43:39,730 --> 00:43:45,490 maturity 1 million one hundred twenty-four thousand two hundred sixty 398 00:43:42,370 --> 00:43:50,020 five of our four main funds that we have the debt outstanding of that at that 399 00:43:47,950 --> 00:43:55,420 total amount I just mentioned their sewer is four million seven hundred 400 00:43:52,000 --> 00:44:03,280 twenty eight dollars and five 5:07 the open space is 2 million 135 General is 401 00:43:59,110 --> 00:44:07,990 208 and the state is two for one for our purposes intent is to pay all those off 402 00:44:05,890 --> 00:44:14,080 regardless of what what area it happens to be in alright and then question would 403 00:44:11,860 --> 00:44:18,520 be the surplus what's going to happen to the surplus that's in the water and 404 00:44:15,520 --> 00:44:24,700 sewer and from my understanding there's like around a million dollars in the 405 00:44:20,260 --> 00:44:27,970 surplus well from what our bid price and what our actual intent was was probably 406 00:44:26,860 --> 00:44:33,730 around three hundred and thirty two thousand dollars above and what our best 407 00:44:31,420 --> 00:44:36,400 price of we wanted debt to have which is good for us but for any of this stuff 408 00:44:35,770 --> 00:44:40,569 it's not an operational stuff that's going into 409 00:44:37,960 --> 00:44:44,740 to paying the debt and then the infrastructure that if that for 4 410 00:44:43,630 --> 00:44:49,450 million is probably going to be closer to point four point five then that's 411 00:44:47,380 --> 00:44:52,089 that's going to be directed in that way and it depends on what the rest of 412 00:44:50,589 --> 00:44:57,999 commissioners want to do what I want to do as well what they decide to do those 413 00:44:53,529 --> 00:45:02,589 proceeds so here's my biggest issue with the whole thing and maybe some of the 414 00:45:00,970 --> 00:45:08,980 commissioners can explain you know they're just so you know we want to do 415 00:45:05,829 --> 00:45:12,369 the questions and go for it if you wanted to get into debate make sure we 416 00:45:10,720 --> 00:45:16,029 answer all the questions first and we well this is the question here's the 417 00:45:13,990 --> 00:45:22,480 questions it is the question in regards to this all right 418 00:45:17,319 --> 00:45:28,240 in general the overall any site you look at on this particular object privatizing 419 00:45:26,170 --> 00:45:32,579 the water and sewer and such like that is going to be an increase of 420 00:45:30,069 --> 00:45:37,950 approximately eleven percent not one location has ever had a decrease or 421 00:45:35,529 --> 00:45:42,970 anything like that my question though what you say what was eleven percent 422 00:45:40,109 --> 00:45:47,109 it's a problem all the studies show it's about an 11 percent increase what what 423 00:45:45,220 --> 00:45:49,839 studies we're talking about oh you can google a every study you want any study 424 00:45:48,940 --> 00:45:55,960 you want they're going to show those numbers it's very easy to Google cuz 425 00:45:52,839 --> 00:46:00,099 there's been so many different townships that have done this so it's very easy to 426 00:45:58,390 --> 00:46:04,630 look back you have you have a couple names I'd have to go back and get the 427 00:46:02,829 --> 00:46:08,470 Google for use if you wanted to I figured you I'm sure I I would take the 428 00:46:07,239 --> 00:46:14,259 assumption that you guys have already looked this up you said that 11 percent 429 00:46:12,880 --> 00:46:24,220 Bernie are you familiar with any little studies well I know these system sales 430 00:46:21,700 --> 00:46:28,900 happen for various reasons and they're they're done on a case-by-case basis you 431 00:46:26,499 --> 00:46:34,390 know municipalities have various drivers for wanting to you know consider selling 432 00:46:32,589 --> 00:46:38,440 their systems it might be that they can't afford the extensions that need to 433 00:46:36,249 --> 00:46:44,319 be done it might be there there's a there's a there's a potential risk for a 434 00:46:41,589 --> 00:46:50,440 new regulatory rule coming down the pike that would cause an undue burden so you 435 00:46:47,289 --> 00:46:58,480 know there really is a one per se reason and I you know I can't think about an 436 00:46:53,740 --> 00:47:02,440 11-percent you know general you know increase that is tied to any any one 437 00:47:00,700 --> 00:47:06,970 acquisition but there are there are different reasons for municipalities 438 00:47:03,819 --> 00:47:10,119 wanting to you know sell their systems yeah let me get to another question 439 00:47:08,650 --> 00:47:15,819 though because that's what we it's involving and such like that is in 440 00:47:13,000 --> 00:47:22,109 general this is looking like it's going to be a short-term fix that you guys are 441 00:47:19,150 --> 00:47:26,020 looking to have you say there's an issue debating or not I'm not debating there's 442 00:47:24,400 --> 00:47:31,329 an issue or not an issue that's for different thing but it's going to cause 443 00:47:28,300 --> 00:47:34,810 a long-term problem for every person it's on the water and sewer as they're 444 00:47:33,160 --> 00:47:40,750 going to have their rates increase they're also going to eventually have 445 00:47:37,000 --> 00:47:46,960 taxes increase so we're trying to figure out as into why the people under the 446 00:47:43,900 --> 00:47:54,670 water and sewer which are not the entire Township should be paying for the entire 447 00:47:49,420 --> 00:47:58,990 townships supposedly issues and why you would as a commissioner I would expect 448 00:47:56,740 --> 00:48:06,849 you're looking long term or and short term but this is clearly a short-term 449 00:48:02,050 --> 00:48:12,160 fix to create a long term problem so I'm confused as in to why you would want to 450 00:48:08,650 --> 00:48:17,050 do it why would you think that they're separable the ones not at long range and 451 00:48:14,680 --> 00:48:22,329 the other is why are you saying this is short range well short range you're 452 00:48:19,660 --> 00:48:27,010 going to get 13 million dollars you're going to get obviously and I don't want 453 00:48:24,700 --> 00:48:30,640 to be the bait that's I want you to to answer the answer the questions but you 454 00:48:28,660 --> 00:48:38,020 just asked me I said I want to try to understand what your question is so if 455 00:48:32,770 --> 00:48:41,740 you second if you're saying the long range because we need to take a look at 456 00:48:40,060 --> 00:48:46,210 these numbers you're thinking about the capital expenditures going forward so if 457 00:48:44,140 --> 00:48:49,900 you you think the sewer the sewer fund is gonna be at zero balance somewhere 458 00:48:48,250 --> 00:48:54,640 after everything's paid off depending on the products you have in 28:29 you still 459 00:48:53,109 --> 00:48:58,150 you're still dropping a lot of pipes in the ground and you're still in capital 460 00:48:56,800 --> 00:49:01,960 and you don't know what's going to happen with any expansions of these 461 00:49:00,280 --> 00:49:06,040 developments would add to the revenue flow so those are going to be decrease 462 00:49:04,270 --> 00:49:08,830 as well so it's when you but you come up with your expenses and projecting 463 00:49:07,300 --> 00:49:13,150 forward whether you're gonna come up that with a with the correct number and 464 00:49:11,050 --> 00:49:17,110 if you just take a look at some of the ones that we're starting to run now it 465 00:49:15,490 --> 00:49:21,100 doesn't look like that's favorable in our in our capacity is is running it as 466 00:49:19,630 --> 00:49:25,600 ourselves and there's a lot of more factors if you read the letter what 467 00:49:24,040 --> 00:49:30,760 we're taking a look at professional management as we go forward with this 468 00:49:27,340 --> 00:49:35,110 and also with the with how we're going to be doing the billing the the expenses 469 00:49:33,400 --> 00:49:39,730 and Faiers system own that's I mean we're starting to get to the reasons why 470 00:49:36,790 --> 00:49:42,730 but your if you have something hard you're shown you have calculated what 471 00:49:41,530 --> 00:49:46,870 those are Alvin I'd be happy to take a look with 472 00:49:44,800 --> 00:49:51,340 and give it to our finance guys to see if what that compares to but Bernie or 473 00:49:49,540 --> 00:50:02,710 Chris do you have anything more on our John Baylor on that I see Dustin has his 474 00:49:59,320 --> 00:50:24,580 hand up hold on one second give me a second okay Dustin they do the 475 00:50:21,610 --> 00:50:27,610 comparative we're pfm and working with Chris on that get the numbers what we 476 00:50:26,200 --> 00:50:31,600 think we're going to pair it to and again we've our longtime friend we 477 00:50:30,310 --> 00:50:36,670 expand we're starting to expand that from one year to four but we're going to 478 00:50:34,270 --> 00:50:40,720 see how close it is but again these are one piece of the whole puzzle as you go 479 00:50:38,950 --> 00:50:45,850 forward you've heard about you heard the connection as well yeah and any other 480 00:50:43,660 --> 00:50:52,930 commissioners wanted answered please feel free web so we're collecting so you 481 00:50:51,010 --> 00:50:57,520 know ours is to take this all these these numbers in and actually take a 482 00:50:55,810 --> 00:51:09,100 position on it at some point on this second Eric is facing a currently 135 483 00:51:06,520 --> 00:51:12,090 percent increase next year because of selling their sewer system 484 00:51:12,520 --> 00:51:29,260 banner or bernie any information on that God are you want you can unmute that 485 00:51:22,910 --> 00:51:29,260 trace hold on look at him who's that 486 00:51:29,590 --> 00:51:38,619 there's a lot of people on here so just give me I'll see ya you fine let's see 487 00:51:35,900 --> 00:51:45,230 if I can find him arias I got it okay start yep can you 488 00:51:42,980 --> 00:51:48,109 hear me yeah sure yeah I would need to go back and double-check and and mark 489 00:51:46,970 --> 00:51:51,380 tell her he might be able to provide some insight as well that we're happy to 490 00:51:49,940 --> 00:51:55,820 get back to you but yeah I mean those were kind of very different 491 00:51:52,880 --> 00:52:02,020 circumstances between Limerick and an upper Potts Grove there were some 492 00:51:58,070 --> 00:52:07,220 planned increases with the Limerick sale so yeah the actual percentage I can't 493 00:52:05,570 --> 00:52:13,160 remember off the top of my head but will surely go back and and get that for you 494 00:52:10,010 --> 00:52:20,180 hey Scott is Tracy also on ask questions on those studies and 11% and we did you 495 00:52:16,430 --> 00:52:26,359 get you have anything on that one I'm not entirely sure what being referred to 496 00:52:23,590 --> 00:52:31,730 what studies I mean we're happy to take a look at our email so we'll get that to 497 00:52:29,869 --> 00:52:35,060 you as then as I talked with you earlier on getting those questions you guys can 498 00:52:33,710 --> 00:52:38,840 take a look at those if he had them more details on it true okay Tracy I have 499 00:52:38,150 --> 00:52:48,800 Rene okay I'm gonna unmute her huh I did she 500 00:52:45,350 --> 00:52:52,760 has her hand up I can't unmute her Renee yes there we go 501 00:52:50,480 --> 00:52:58,100 Renee you're not something yes I just wanted to say regardless of whether we 502 00:52:54,410 --> 00:53:03,109 sell the sewer system or not going to cost us more money it will cost us more 503 00:53:01,010 --> 00:53:07,900 money regardless we'd have to borrow more money to do these projects so the 504 00:53:05,510 --> 00:53:15,980 prices would go up that makes sense yep got some background on your mic I 505 00:53:14,570 --> 00:53:23,170 think someone's in a room with you so I see tom clancy's there yeah Don Clancy 506 00:53:19,310 --> 00:53:23,170 hold on one second let me unmute him 507 00:53:23,260 --> 00:53:32,320 hello hi done Clancy from the backyard there one two nine six failed circle so 508 00:53:29,530 --> 00:53:36,060 in the plot that's showing the the rate increases I mean this kind of a rough 509 00:53:34,210 --> 00:53:42,550 back-of-the-envelope calculation that's someone the four five percent range it's 510 00:53:40,020 --> 00:53:46,950 going on indefinitely I mean so if I were looking at this and 511 00:53:44,920 --> 00:53:51,609 saying I wanted to sign up for some deal where the cost is gonna go up four or 512 00:53:49,570 --> 00:53:56,320 five percent a year and definitely I think that would be a pretty bad deal 513 00:53:53,350 --> 00:54:02,950 only way I would actually come on board to that deal is a very realistic look at 514 00:53:59,890 --> 00:54:07,780 future costs and those projections of what those are and I haven't seen you 515 00:54:04,690 --> 00:54:14,020 guys present that tonight which tells me I don't think you've done full due 516 00:54:10,119 --> 00:54:32,800 diligence on this so I suggest maybe that's to get done and maybe we can we 517 00:54:22,990 --> 00:54:46,600 got Jim Crawford Jim Crawford yeah - just to clarify - Rene I think the 518 00:54:39,900 --> 00:54:53,350 struggle is that a for-profit is more likely to raise the prices than a 519 00:54:49,630 --> 00:54:58,960 not-for-profit where the township is not looking to profit from the sewer system 520 00:54:56,950 --> 00:55:02,800 repairs so I think that's where the greatest challenge is we we obviously 521 00:55:00,970 --> 00:55:06,790 know things will go up over the years they're not going to go down and never 522 00:55:04,270 --> 00:55:19,180 do right so I think that's where the delineation is yeah but get there second 523 00:55:16,380 --> 00:55:25,840 yeah hello there a leach started his question looking at that 8,000 some for 524 00:55:21,910 --> 00:55:29,170 that I did have a question comment I had thought that that debt was being listed 525 00:55:27,280 --> 00:55:32,380 as sewer debt but I think I heard Trey say that only about four and a half 526 00:55:30,460 --> 00:55:36,610 million dollars if that a sewer debt and then went on to say that the rest of 527 00:55:34,630 --> 00:55:41,860 that is general fund debt the also being planned to be used to pay off 528 00:55:39,450 --> 00:55:46,840 being used out of sewer funds to pay the total debt so I do think the slide at 529 00:55:45,130 --> 00:55:51,220 least me looking at it was a little misleading I wasn't sure what all debt 530 00:55:49,090 --> 00:55:55,750 that included and then after finding out that only about half of it is sewer debt 531 00:55:52,990 --> 00:56:01,830 that is Alice first question and that was is it justified to use sewer fund 532 00:55:59,620 --> 00:56:11,350 money to pay down general fund debt thank you oh yeah and when we do start a 533 00:56:08,410 --> 00:56:14,530 comment on those and of course everybody knows that what's been on that board of 534 00:56:13,090 --> 00:56:18,310 commissioners quite a while and knows a debt structure on my stuff so we'll 535 00:56:16,480 --> 00:56:47,650 gladly have those conversations when we come time with that discussion more 536 00:56:21,520 --> 00:56:53,190 questions I don't see any more okay one who's talking thank you you think you're 537 00:56:49,690 --> 00:56:58,720 mute but we're hearing it anybody else I don't see anybody else trace so folks 538 00:56:56,800 --> 00:57:05,200 what would the intent was this is just to see how well we can do with this we 539 00:57:03,400 --> 00:57:08,860 had scheduled some stuff before before we got into the situation we're in right 540 00:57:06,700 --> 00:57:12,130 now so we wanted to get the letter out it was delayed a little bit just because 541 00:57:10,300 --> 00:57:15,910 of manpower and getting it to where it needed to be be out so we're gonna send 542 00:57:14,500 --> 00:57:20,800 that out for everybody to have the basics to this we wanted to see how we 543 00:57:18,010 --> 00:57:23,950 can ask answer to questions so we wanted to continue to extend the time period 544 00:57:22,510 --> 00:57:29,410 that we were going to have these series of discussions so right now folks we're 545 00:57:26,860 --> 00:57:34,120 almost at fifty total participants so the capacity we have on this right now 546 00:57:31,330 --> 00:57:37,270 is is 100 we can certainly increase that we do with the townships account we're 547 00:57:36,160 --> 00:57:43,810 going to we're going to try that next time to have a capacity of 200 so we're 548 00:57:40,780 --> 00:57:48,910 scheduled for the 8th for the 14th and the 16th right now to do the same thing 549 00:57:47,620 --> 00:57:51,490 with what we're doing right now it looks like we're okay with control 550 00:57:50,380 --> 00:57:57,700 there's some folks that are on telephones no I didn't see any of those 551 00:57:54,910 --> 00:58:00,940 hands go up or any of the telephones but we didn't we didn't have your name so we 552 00:57:59,440 --> 00:58:05,080 don't we don't have those we have your number but not your name so you need to 553 00:58:03,100 --> 00:58:28,180 tell us what if you wanted to talk hold on we got a question here this minute 554 00:58:08,410 --> 00:58:33,820 question from Dustin do you think some people actually have the phone and the 555 00:58:30,300 --> 00:58:39,640 computer by them the detta I think I did check once but we'll check that out 556 00:58:36,250 --> 00:58:43,030 thanks Dustin yeah I think trace we should suggest at the end of the meeting 557 00:58:41,350 --> 00:58:46,900 that those people that are on telephone that have questions again should should 558 00:58:45,250 --> 00:58:57,340 email their questions but I do have Chuck note here with his hand up so I'm 559 00:58:48,940 --> 00:59:04,110 gonna unmute him Chuck Chuck note be there when I can unmute him yeah me know 560 00:59:02,920 --> 00:59:10,810 I can hear you 21:37 East Horseshoe Drive can you 561 00:59:06,970 --> 00:59:23,830 describe what that 597 means in my eyes how it guarantees me miss or one slide 562 00:59:19,780 --> 00:59:30,370 instead for the upcoming projects at 5:37 oh hi 37 plan yeah just name is 563 00:59:27,790 --> 00:59:34,090 turn what's that do for me Chris Chris please jump in 537 plan is what we did 564 00:59:32,230 --> 00:59:38,950 several years ago to indicate how we're going to build up the sewer structure 565 00:59:35,830 --> 00:59:42,730 and as you as we went forward we had designed these to the subdivision select 566 00:59:41,830 --> 00:59:50,170 for a better term that we're going to be going into and as you as we went along 567 00:59:48,010 --> 00:59:57,190 you saw regal Oaks I think probably the most recent example phase face phase 1 568 00:59:53,980 --> 01:00:02,750 and phase 2 a that we have going on right now because in tight so regal up 569 01:00:00,190 --> 01:00:06,109 space - that's the next steps coming in horseshoe and Bruce isn't following me 570 01:00:04,670 --> 01:00:10,310 by that and then continental a noble Archer dry so it's Chuck it's it's a 571 01:00:08,030 --> 01:00:15,980 plan that we're going to use for capital expenditures going forward and these 572 01:00:12,440 --> 01:00:19,280 those a B and C that you see there is what America waters going to continue on 573 01:00:17,960 --> 01:00:25,819 with that we've already planned for Chris help anything to add Taylor the 574 01:00:22,510 --> 01:00:34,819 5:37 plan was basically a document that we prepared the township prepared and 575 01:00:30,319 --> 01:00:39,380 was accepted by the DEP to provide sewer service to those communities that had 576 01:00:37,460 --> 01:00:46,430 problems with their system and so as such the townships going to 577 01:00:42,560 --> 01:00:53,420 continue with the ones that they have on the books currently and then after that 578 01:00:49,300 --> 01:01:00,760 per the contract PA American water will extend the service through those other 579 01:00:55,880 --> 01:01:07,060 communities once the transition happens Jeff does that make sense 580 01:01:03,880 --> 01:01:07,060 Jeff note 581 01:01:07,270 --> 01:01:18,380 trying to find him go drop off by chance oh there he goes 582 01:01:12,410 --> 01:01:23,210 I am Thank You Jase you're good to go yeah you see the size of that book by 583 01:01:20,840 --> 01:01:29,300 the way the 5:37 is pretty good size book yeah okay so I think we have more 584 01:01:26,780 --> 01:01:34,160 hold on I think we have Martin and Kathy that want to speak oh yeah we got a lot 585 01:01:32,690 --> 01:01:43,040 of people's hands up okay I'm gonna start at the top with Martin Martin it 586 01:01:38,360 --> 01:01:49,220 takes a minute okay Martin yeah first off what happens after we're done with 587 01:01:45,380 --> 01:01:58,250 the 5:37 plan if there's other residents who pays for that is that comes down to 588 01:01:51,500 --> 01:02:02,840 the $15,000 a household so yeah under our ownership we would work with the 589 01:01:59,930 --> 01:02:09,830 existing homes and businesses to you know scope out say a wastewater line 590 01:02:06,770 --> 01:02:14,630 extension and we would apply the $15,000 bonafide now if it were to be a 591 01:02:12,340 --> 01:02:18,530 commercial facility it's gonna be a larger investment we usually calculate 592 01:02:16,640 --> 01:02:24,230 that based on the revenues that would be generated from a larger customer but the 593 01:02:20,630 --> 01:02:29,080 aggregate number of customers times the investment is the amount that the 594 01:02:26,270 --> 01:02:35,420 company could put in toward an extension okay and if it's totally on not near a 595 01:02:33,050 --> 01:02:40,040 mile away from anything they're gonna be footing the bill for most of it then 596 01:02:36,830 --> 01:02:44,570 well you know that's when you get into rural areas and the cost you know the 597 01:02:42,560 --> 01:02:50,470 distance between facilities stretches out you do run into that situation where 598 01:02:46,730 --> 01:02:55,250 it does you know the 15,000 will cover and it depends on the road it might 599 01:02:53,150 --> 01:02:59,480 cover a hundred or a hundred and fifty feet of an extension that's the cost and 600 01:02:57,650 --> 01:03:05,000 then anything above that we'd have to come up with you know like a cost 601 01:03:01,600 --> 01:03:10,340 funding mechanism typically we would ask that you know those that are pulling the 602 01:03:07,910 --> 01:03:14,990 line so to speak would bear the cost now keep in mind if there were say 603 01:03:12,430 --> 01:03:19,160 development that occurred along the way that's you know within the townships 604 01:03:17,090 --> 01:03:23,119 planning zoning work you know appropriately zoned and a developer 605 01:03:21,589 --> 01:03:27,079 wanted to help pull that align and brought it closer you know we've seen 606 01:03:24,589 --> 01:03:33,829 that result in lines being brought brought you know further out into areas 607 01:03:29,059 --> 01:03:36,890 of the community okay one last thing you could possibly unmute the people on the 608 01:03:35,749 --> 01:03:43,039 phone to actually see if they have any questions they could do that I'm going 609 01:03:40,369 --> 01:03:54,190 down the list down so next up I have Kathy who has their hand up and I'm 610 01:03:51,440 --> 01:04:00,380 trying okay Kathy you had a question actually I just wanted to comment first 611 01:03:58,700 --> 01:04:05,809 that I want to thank everybody for tuning in tonight I know I had a few 612 01:04:03,380 --> 01:04:09,559 questions on Facebook this afternoon and I was waiting for the meeting tonight to 613 01:04:07,819 --> 01:04:15,799 see if they would be addressed to your satisfaction if not please let me know 614 01:04:12,319 --> 01:04:20,619 I'll see what I can do to help I think what we're looking at here is no matter 615 01:04:22,660 --> 01:04:34,729 they always go up we're either going to have our taxes raised or our soar prices 616 01:04:30,289 --> 01:04:39,739 raised I think looking at things down the road I think we're looking at a lot 617 01:04:36,950 --> 01:04:43,190 more infrastructure with with the sewer system and what's going to need to be 618 01:04:41,539 --> 01:04:48,049 replaced and people that are going to need to hook in so I I am a person who 619 01:04:46,309 --> 01:04:51,799 does like to look down the road and see how what are we doing now to avoid the 620 01:04:50,420 --> 01:04:56,690 problems coming down later like I said anybody have any questions 621 01:04:54,049 --> 01:05:04,219 Facebook or email me I'll be happy to help out thank you all right give me one 622 01:05:00,650 --> 01:05:10,279 minute next up I have mark feller who has something I said Marcus are at 623 01:05:08,269 --> 01:05:15,950 attorney it's working for us for Special Counsel mark can you okay mark 624 01:05:13,089 --> 01:05:21,859 I just wanted to react to a few things address a few issues that were raised by 625 01:05:18,950 --> 01:05:26,299 some of the comments first of all someone referred to this as a water 626 01:05:23,630 --> 01:05:32,420 sewer it's really just sewer that we're talking about that is what the proposal 627 01:05:29,599 --> 01:05:41,089 is that's on the tables for the sale a sewer system there's no question that 628 01:05:35,539 --> 01:05:45,769 American water is in a business make a profit 629 01:05:42,890 --> 01:05:51,079 however unlike let's say your cable company or some other businesses you 630 01:05:47,359 --> 01:05:56,869 work with American water is regulated by the Public Utility Commission the Public 631 01:05:53,420 --> 01:06:03,589 Utility Commission puts a a cap on the amount of rate increases that that can 632 01:05:59,960 --> 01:06:08,930 go through it makes sure that the utility company is not spending in a an 633 01:06:06,170 --> 01:06:11,930 excessive amount on capital projects that could get passed through to 634 01:06:10,809 --> 01:06:18,789 ratepayers so again unlike your cable bill there is 635 01:06:15,920 --> 01:06:24,049 a governing body that is monitoring these increases and you know making sure 636 01:06:22,819 --> 01:06:29,960 that they're fair there's also a consumer advocate within the Public 637 01:06:26,569 --> 01:06:35,029 Utility Commission that speaks out in favor of or I should say against rate 638 01:06:32,869 --> 01:06:44,869 increases in many cases and members of the public have standing to go to the 639 01:06:38,359 --> 01:06:53,029 PUC and to voice objections to the issue of rate increases is going on throughout 640 01:06:49,039 --> 01:06:57,769 the Commonwealth I live in a township in Bucks County with a municipally-owned 641 01:06:54,799 --> 01:07:02,180 system we just got a notice of a 37 percent rate increase and there's 642 01:06:59,869 --> 01:07:08,599 probably another one coming along next year and it again it's government-owned 643 01:07:05,240 --> 01:07:16,579 but it's it's due to the requirements of the Pennsylvania DEP and and avoiding 644 01:07:12,410 --> 01:07:23,000 discharges of sewage into the water supply into rivers and streams many 645 01:07:20,509 --> 01:07:27,440 townships have not kept up with these obligations and rates have been 646 01:07:24,829 --> 01:07:34,279 artificially low over the years and it's starting to catch up with a lot of 647 01:07:30,500 --> 01:07:42,109 municipalities another another thing is that the sale proceeds of these systems 648 01:07:37,990 --> 01:07:45,770 as is the case here can be used to pay off debt existing debt or an existing 649 01:07:45,319 --> 01:07:49,750 debt has paid off there's less money that the 650 01:07:47,750 --> 01:07:56,270 township has to spend for debt service so that helps keep taxes lower than they 651 01:07:53,750 --> 01:08:02,980 might otherwise me the money can also be used for capital projects that typically 652 01:07:59,750 --> 01:08:08,450 we get financed by issuing bonds and issuing bonds creates the obligation to 653 01:08:05,720 --> 01:08:14,060 pay debt service that has an upward impact on taxes so the proceeds of the 654 01:08:11,840 --> 01:08:21,440 sale which which all committed to be used for other purposes including paying 655 01:08:17,120 --> 01:08:27,650 down non sewer debt can have a positive benefit in keeping taxes down because 656 01:08:25,370 --> 01:08:33,700 you're not borrowing as much money and paying as much debt service for project 657 01:08:30,200 --> 01:08:37,880 so I just wanted to make those points and certainly you know people have 658 01:08:36,049 --> 01:08:44,470 questions follow-up questions I'd be happy to answer them 659 01:08:39,880 --> 01:08:44,470 okay give me a second here I got 660 01:08:45,130 --> 01:09:00,069 Stephanie this is Robert Rome 1290 white spire can you hear me yep hello I just 661 01:08:57,650 --> 01:09:05,480 would say someone made the comment of when once it happens once it happens as 662 01:09:03,710 --> 01:09:10,850 opposed to if this happens so I don't know if the decision was already made to 663 01:09:07,069 --> 01:09:17,270 go ahead with the project but typically selling bonds for a municipal area has a 664 01:09:14,330 --> 01:09:21,799 cheaper rate than you would as a private financier it would be charged a higher 665 01:09:19,430 --> 01:09:27,460 rate so selling your bonds would be cheaper over sarah-jane 666 01:09:23,150 --> 01:09:35,569 sorry kids are the backgrounds and typically a study of local public 667 01:09:32,330 --> 01:09:41,450 service deliveries in over a thousand US municipalities found that between 1997 668 01:09:38,600 --> 01:09:46,490 and 2002 twice as many miss you Nissa polities ended privatization and began 669 01:09:44,660 --> 01:09:52,220 going back to public operation of water systems and sanitation systems because 670 01:09:50,270 --> 01:09:56,600 overall the costs went up on average twenty percent and this is based upon I 671 01:09:55,310 --> 01:10:03,770 don't know what do you guys benchmark against but 672 01:09:59,240 --> 01:10:10,880 food and water watch org they have a lot of information about different 673 01:10:06,830 --> 01:10:17,450 municipalities who have gone private and then going back to public so I don't 674 01:10:13,700 --> 01:10:24,580 know what townships you've benchmarked against for this project to compare 675 01:10:20,150 --> 01:10:31,160 apples to apples but judging by the graph that I saw it's really not a lot 676 01:10:27,800 --> 01:10:34,940 into that graph to show us what the rates really are and if it is three or 677 01:10:33,110 --> 01:10:39,140 four percent but the projections look more like seven or eight percent I'm not 678 01:10:37,370 --> 01:10:43,340 really sure they're really accurate but that's just a cycle I really didn't have 679 01:10:42,380 --> 01:10:58,310 any questions other than accommodating on that okay let's go down I'm going 680 01:10:56,690 --> 01:11:02,960 down just give me a minute to say I know other people had their hand up I think 681 01:11:00,160 --> 01:11:07,460 anymore I don't see any more should we unmute the people that are calling in to 682 01:11:04,880 --> 01:11:13,580 see if they have questions check one of check one or two and see if they can 683 01:11:09,200 --> 01:11:19,880 talk hello I'm not sure who this is on the telephone 684 01:11:14,480 --> 01:11:30,800 what's your number two one five six six six two four eight five again up Evan 685 01:11:24,830 --> 01:11:36,890 okay okay so let's let's go to the next person Evan do you have a hands up 686 01:11:32,930 --> 01:11:41,390 signal on your phone I'm on the computer as well as using the phone because my 687 01:11:38,990 --> 01:11:46,970 microphone doesn't work so if I wanted to put my hand up I could do it on the 688 01:11:43,040 --> 01:11:52,370 computer okay okay all right so we got some more hands up before we finish the 689 01:11:48,800 --> 01:12:01,160 people on the phone we have bill Broglie here first off thank you guys for this I 690 01:11:57,190 --> 01:12:04,570 appreciate that you got it organized to take something you got it organized 691 01:12:05,280 --> 01:12:14,159 it's defined for everyone the township with where the process of this 692 01:12:11,719 --> 01:12:20,400 discussion is actually going I mean obviously there's no vote going on 693 01:12:16,199 --> 01:12:25,889 tonight but something we're progressing right it's so so bill what we're doing 694 01:12:23,880 --> 01:12:31,289 is continuing on with this this format in and asking questions and increasing 695 01:12:29,730 --> 01:12:34,349 it so what guy's telling you that the letter went out today so there'll be 696 01:12:33,179 --> 01:12:38,639 more interest more people have background on this so michelle has 697 01:12:37,110 --> 01:12:44,369 posted all the information on our website so the intent is to have a 698 01:12:40,440 --> 01:12:48,059 meeting on the 8th the 14th and 16th and at that point 699 01:12:45,900 --> 01:12:51,989 seeing how or we stand were tentatively scheduled to vote on on the 20th so 700 01:12:50,489 --> 01:12:56,039 we'll have to advertise the ordinance before that time period but the voting 701 01:12:54,150 --> 01:13:02,489 is tentatively looking at right now on the 20th given what we would do now the 702 01:12:59,090 --> 01:13:07,650 additional three three meetings go of course what's going on in the nation so 703 01:13:04,199 --> 01:13:11,579 that's that's the process going forward coupled with what's posted in and then 704 01:13:09,599 --> 01:13:17,219 ongoing communications with Michele and the pfm and our attorneys answer any 705 01:13:14,579 --> 01:13:22,770 questions so if you don't mind I haven't I haven't spoken to chuck at all but I 706 01:13:19,500 --> 01:13:28,849 mean is this gonna be a legitimate way to have a meeting Chuck or mark you want 707 01:13:26,579 --> 01:13:37,650 to talk a little bit about the public meeting standards now that our employees 708 01:13:33,289 --> 01:13:44,010 or this is this is a problem obviously that's been troubling for a number of 709 01:13:41,699 --> 01:13:50,429 jurisdictions of our townships and other local governments but under the 710 01:13:47,789 --> 01:13:56,119 governor's declaration of an emergency in the township declaration of emergency 711 01:13:52,520 --> 01:14:03,469 and based on language that we've examined in the sunshine law and some 712 01:14:00,090 --> 01:14:03,469 other statutes 713 01:14:04,060 --> 01:14:13,280 properly conducted and we think this one is properly conducted will constitute a 714 01:14:09,800 --> 01:14:17,600 valid public meeting and obviously we've heard a lot of questions and comments 715 01:14:14,960 --> 01:14:22,880 very good ones and that is essentially what the process is designed to do to 716 01:14:20,570 --> 01:14:28,790 allow people to ask questions and voice their positions on these issues there's 717 01:14:27,110 --> 01:14:35,690 also at the present time some consideration in the state legislature 718 01:14:31,790 --> 01:14:42,050 to amending Pennsylvania law and open meetings to specifically provide that 719 01:14:38,110 --> 01:14:47,750 these kinds of electronic access meetings will in fact comply with the 720 01:14:45,320 --> 01:14:53,000 Pennsylvania sunshine law for the duration of this emergency so while it 721 01:14:51,140 --> 01:15:00,440 may not even be necessary to have that kind of legislation put in place because 722 01:14:57,320 --> 01:15:04,430 we we and many firms feel comfortable that this does meet the requirements of 723 01:15:02,210 --> 01:15:10,790 current Pennsylvania law and under the current situation having that additional 724 01:15:07,700 --> 01:15:16,190 comfort will essentially eliminate any debate about the issue so we're 725 01:15:13,310 --> 01:15:22,660 following that very carefully we think there's a good chance that some 726 01:15:18,280 --> 01:15:22,660 legislation will be would be adopted 727 01:15:23,920 --> 01:15:32,600 Berger mark people please Chuck that this is Tracy did you did you 728 01:15:31,310 --> 01:15:40,480 I don't know if you would you would make try to make a comment Chuck yeah thanks 729 01:15:37,100 --> 01:15:45,860 Tracy I just I just wanted to say that bill we have looked at this and Mark 730 01:15:43,820 --> 01:15:51,140 summarized it very well we believe that these types of meetings 731 01:15:48,080 --> 01:15:55,610 comply with the first-class township code and the Sunshine Act although might 732 01:15:53,690 --> 01:16:00,710 be inconvenient it gives the public a chance to to comment and voice their 733 01:15:57,710 --> 01:16:06,740 concerns with respect to the transaction so we don't end many problems with with 734 01:16:03,200 --> 01:16:11,210 the process I'll just add that at least from my understanding and it it probably 735 01:16:08,990 --> 01:16:15,920 should come from race with other members of the board there has been absolutely 736 01:16:13,640 --> 01:16:18,590 no decision made to proceed with this transaction 737 01:16:17,239 --> 01:16:24,410 and that is the purpose of these meetings to hear public comment 738 01:16:20,980 --> 01:16:27,920 questions objections but there will be no decision on the sill of the system 739 01:16:26,480 --> 01:16:36,170 until all these meetings within health and it comes up for a vote on an 740 01:16:32,239 --> 01:16:40,550 ordinance when if it is determined to proceed the ordinance would be adopted 741 01:16:38,150 --> 01:16:44,180 to authorize even with the transaction without ordinance they might be adopted 742 01:16:42,320 --> 01:16:50,570 so that's that's at least my understanding trace in it that's correct 743 01:16:46,730 --> 01:16:55,100 so like Bill's question with tentative right now for xx given where we're 744 01:16:52,820 --> 01:16:59,360 flowing well with these with these meetings and people can get their 745 01:16:56,840 --> 01:17:03,380 questions answered and give the feedback we get from from throwing the letters 746 01:17:01,310 --> 01:17:21,680 any other commissioners when I want to talk to that point we do have another 747 01:17:06,020 --> 01:17:26,330 hand up then tell yep least tonight or in the future could answer that question 748 01:17:23,780 --> 01:17:33,290 that we heard earlier as into what townships do you guys actually used for 749 01:17:29,570 --> 01:17:39,320 research comparing us to and and the difference of that type of funding the 750 01:17:36,710 --> 01:17:43,760 privatizing the sewer system versus the municipal bonds in funding obviously 751 01:17:41,600 --> 01:17:52,310 with much lower rates I'm just curious as into the research you guys all did in 752 01:17:47,300 --> 01:17:55,550 comparison for our area versus ours okay can you can you help again on what do 753 01:17:53,810 --> 01:17:59,060 you what are you saying on the just so I understand your municipal bond piece 754 01:17:57,110 --> 01:18:02,020 over we're not looking for any funding what what do you mean by that 755 01:18:03,760 --> 01:18:12,590 okay so yeah Bennet's got you heard that question well I think Alice sent us an 756 01:18:11,210 --> 01:18:15,230 email so we'll take a look at that and we'll get back to him with the 757 01:18:13,760 --> 01:18:20,510 one-on-one emails see where we're getting at what he's asking specifically 758 01:18:16,910 --> 01:18:23,900 so do you see any more let me double-check one more time I didn't know 759 01:18:22,580 --> 01:18:31,130 if you wanted to check the rest of the people that are on the phone or not I 760 01:18:27,489 --> 01:18:41,530 can unmute here I have a three zero to a number I have a 3-0 to an area 761 01:18:38,030 --> 01:18:47,330 code number can anyone hear me okay Michelle we're going to technical 762 01:18:44,750 --> 01:18:51,820 pieces on that we can't go through we have ed with this hand up I don't know 763 01:18:49,400 --> 01:18:51,820 who it is 764 01:18:51,969 --> 01:19:01,760 Edie do we understand okay yeah can you stay here first and last 765 01:18:58,850 --> 01:19:09,650 name and your address yeah at all four a two two five seven Bruce Drive yeah 766 01:19:06,130 --> 01:19:15,320 hello keeping a little late so my questions are redundant but I'm just 767 01:19:10,969 --> 01:19:24,530 concerned about the time frame sewer service of my house project cost and is 768 01:19:18,590 --> 01:19:30,080 it mandatory you say you said Bruce Drive yeah he's on Bruce Drive tree Oh 769 01:19:27,639 --> 01:19:37,610 Chris okay I think we have what do we have that's twenty to twenty twenty two 770 01:19:33,639 --> 01:19:54,139 two two five seven we're looking for the year I'm sorry yeah FY 22 that's the 771 01:19:51,949 --> 01:20:00,020 schedule for that so American water depending on the closing date year 2022 772 01:19:57,889 --> 01:20:04,909 so I suspect if this went through and then then it would be American Water 773 01:20:02,570 --> 01:20:12,949 handle and if it did not go through then your schedule for FY 22 is that then so 774 01:20:10,580 --> 01:20:20,270 you would be if we if we kept it it would be the connection fees would be 775 01:20:14,630 --> 01:20:23,330 the 5447 if if not if it was American water then there was not being a 776 01:20:21,320 --> 01:20:26,120 connection fees and of course you'd be just like everybody else they're 777 01:20:24,650 --> 01:20:33,199 responsible connected from your car to your house is that it is that what you 778 01:20:29,600 --> 01:20:40,340 wanted yeah that's it and the only other four is is it a mandatory to hook up 779 01:20:36,190 --> 01:20:44,180 yeah a functioning a functioning septic system yeah Christine any more on that 780 01:20:42,620 --> 01:20:50,060 yes would be a mandatory connection to make 781 01:20:46,880 --> 01:20:59,450 things even close to feasible all homes in the communities have to be connected 782 01:20:53,000 --> 01:21:03,320 for the maps in the 5:37 plan and did you say what you said about a 5:37 plan 783 01:21:01,550 --> 01:21:09,350 that's the the chief document we work off of for the scheduling of the 784 01:21:05,960 --> 01:21:14,740 different projects are coming okay so you said 2022 it would be probably 22 785 01:21:12,680 --> 01:21:25,490 the current plan that's correct okay okay that answers my question other 786 01:21:18,860 --> 01:21:28,940 folks we're at right 20:28 at 8:28 right now hour and a half use the hour and a 787 01:21:26,840 --> 01:21:33,620 half when folks that's the petals florist folks can go so no other 788 01:21:31,820 --> 01:21:38,240 questions what we'll do is anymore the emails you have coming in Kathy 789 01:21:34,970 --> 01:21:44,180 mentioned it as well you get us online we will get these the meeting for the 790 01:21:42,530 --> 01:21:47,360 eight schedule so you go to the website and see the dialing information or 791 01:21:46,220 --> 01:21:51,290 further I'm sorry the login information there we'll get that posted tomorrow and 792 01:21:49,850 --> 01:21:56,270 then please look for the letter coming out and give comments back if you'd like 793 01:21:52,790 --> 01:22:02,990 on on that with that said Michelle anything else just if anybody is on a 794 01:21:59,990 --> 01:22:06,590 phone and has questions and weren't able to ask their questions on this platform 795 01:22:04,700 --> 01:22:11,690 they can feel free to email me at manager AUP township work or certainly 796 01:22:09,980 --> 01:22:22,600 pick up the phone and give a call to the township office extension 201 okay with 797 01:22:18,200 --> 01:22:27,080 that thank you everybody and any feedback on the technical part of this 798 01:22:25,160 --> 01:22:36,640 so appreciate you so I'm going to go ahead and end the meeting now thank you 799 01:22:30,940 --> 01:22:36,640 okay thanks thanks thank you