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From YouTube: Dearborn Heights Study Session: 9/22/20
Description
Dearborn Heights Study Session regarding the Water and Sewer Rate Analysis taking place Tuesday, September 22nd 2020 via Zoom.
A
B
Thank
you
so
much
for
having
us.
Once
again.
This
is
martin
elenic,
I'm
the
engagement
partner
on
the
agreed
upon
procedures,
nikki
acho
as
well,
has
called
in
she'll
be
chiming
in
throughout.
B
B
I
provided
that
same
template
late
last
week,
which
was
identical
to
the
previously
provided
version
other
than
the
draft
watermarks
were
removed,
and
in
that
template
what
I
was
going
to
just
provide
kind
of
high
level
items
and
then
kind
of
open
up
the
mic
for
questions
in
that
template.
One
of
the
first
attachments
shows
the
catch
available
with
the
target
reserves.
B
What
what's
needed
at
the
end
of
five
years,
and
basically
the
template
with
it-
does
have
four
different
scenarios
that
I
wanted
to
highlight,
and
the
first
scenario
and
it's
appendix
one
for
those
that
are
that
have
the
copies
in
front
of
you,
I'm
happy
to
share
my
screen.
If
that's
easier
by
the
way
too,
please.
C
B
And
if
that
scenario
was
going
to
be
implemented
by
the
city,
the
average
rate
increase
this
year
would
be
6.93
percent.
B
The
other
scenarios
in
appendix
one
show
construction
costs
for
cso
of
41,
42
and
43
having
bonds
being
issued.
However,
the
meter
upgrades
being
funded
through
operations
that
shows
8.9
roughly
increase.
B
B
No,
no
problem,
so
the
scenario
two:
if
you
were
gonna
fund
the
meter
upgrades
yourself
and
just
do
bonds
for
the
other
cso
improvements,
you
would
not
have
enough
funds
in
the
year
2022
and
2023.
B
You
would
actually
run
negative
in
cash
in
the
water
and
sewer
fund.
So
therefore
you
would
have
to
use
other
sources,
so
you
have
to
borrow
money
from
another
fund.
You
know
general
fund,
for
example,
and
have
to
pay
interest
or
something.
To
that
extent,.
B
Scenario,
three
shows
everything
being
funded
through
operations
which
puts
you
at
negative
cash
next
year.
So
I
I
don't
see
that
being,
unfortunately,
a
way
to
be
able
to
to
do
that
and
it
does
show
increases
in
rates
of
11.5
percent
unless
you
had
a
really
significant
increase
the
first
year
to
try
and
avoid
negative
cash.
But
that
would
have
to
be
extremely
significant
and
then
scenario.
Four
is
construction,
cost
for
cso,
l41,
42
and
43,
based
on
the
issuing
bonds.
B
Just
for
that
project
and
no
meter
upgrades
so
that's
doable,
but
again
it
wouldn't
have
any
meter
upgrades
and
that
would
show
an
increase
in
rates
of
6.1
percent.
B
So
those
are
the
main
driver,
main
scenarios.
The
overall
model
does
plan
out
and
does
map
out
all
the
capital
outlay.
That's
been
requested
by
the
city
by
the
city,
water
and
sewer
department.
That's
in
the
appendix
2.
If
you
wanted
to
see
all
the
details
of
what's
been
requested,
and
I
would
have
to
say
that
you
know
just
overall
looking
at
the
model
and
what's
driving
the
costs.
B
Clearly,
water
and
sewer
water
purchases
and
sewer
disposal
are
significant
charges
to
significant
expenses
to
the
city
and
then
the
other
major
component
of
expenses
are
the
capital
outlay
expenses
that
are
injured.
B
B
We
actually,
the
city
was
projecting
bond
issuance
in
last
year's
model
and
the
bond
payments
starting
believe
next
year
and
21
in
that
model,
so
it
was
already
built
in
it.
Just
didn't
come
from.
You
know
the
bound
council
or
anything
like
that.
We
were
using
a
projection
based
on
present
value
of
you
know
in
doing
a
future
value
of
you
know
the
interest
payments
and
how
much
that
would
be,
and
all
that
so
we
had
software
that
was
able
to
calculate,
and
it
was
actually
pretty
close.
B
So
the
way
it's
projecting
out,
you
would
have
increases
so
scenario,
one
for
example,
the
six
point:
nine
three
percent
water
and
sewer
rate
increase.
You
would
be
projecting
out
the
same
kind
of
water
and
sewer
rate
increase
in
next
year
as
well
in
22,
23
and
24..
So
each
year
you
would
have
like
a
step
up
increase,
not
step
up
but
same
increase
every
year.
B
I'll
have
to
defer
to
mr
johnson
on
that
one.
G
Well,
like
I
said
in
earlier
meetings,
you
know
the
meters
are,
you
know,
meeting
their
life
expectancy
they're,
you
know
rounding
upwards
of
30
years.
So
if
option
four
was
the
more
palatable
option.
At
some
point,
you
still
gotta
think
down
the
road
here
on
how
you're
gonna
fund
the
meter
program.
So
either
you
start
funding
it
with
a
set-aside
amount.
You
know
we
had
some
estimates
around
9
million.
So
if
you
did,
you
know
at
3
million
a
year
and
look
out
three
years
to
do
your
meter
program.
G
You
know,
but
at
some
point
you
got
to
start
setting
aside
some
some
money
for
this
capital
outlay.
If
you
don't
up
want
to
do
it
all
at
one
time
so,
but
you
know
we
buy
our
reading
equipment
over
the
internet.
It's
used
equipment
most
of
the
software
and
that
is
not
supported.
G
A
lot
of
the
hardware
is
not
before
I
got
here.
We
bought
a
lot
of
that
reading
equipment
from
other
communities
that
were
upgrading
so
at
some
point
it's
gonna
be
critical.
G
Probably
sooner
than
later,
and
the
other
big
benefit
in
my
opinion
is
that
the
customer
service
portion
of
that,
where
you
know
you,
can
create
dashboards
and
apps,
and
things
of
that
nature,
where
your
customer
can
see
their
daily
use.
Their
hourly
use,
I
mean,
has
a
lot
of
value.
F
One
more
question:
if
you
don't
mind
council
chair,
if
we
do
bond
for
the
meters,
that's
going
to
be
a
fixed
cost
there
we
go!
How
how
how
fast
can
we
do
this
change?
Because,
if
we're
going
to
project
this
over
say
three
years,
this
is.
H
F
G
Yeah,
that's
that's
a
fair
question.
You
know
what
you
know
if
you've
tried
to
fund
it
for
three
years
out,
is
it
going
to
be
9
million?
I
don't
know
it
could
be
11,
or
maybe
it's
7,
but
can
only
go
by
today's
numbers
and
the
way
things
go
in
our
world.
Things
don't
seem
to
ever
cost
less.
G
Oh
yeah
that's
correct,
and
that
would
be
a
big
it's
a
big
undertaking.
It
would
probably
be
a
year
18
months
and
maybe
even
close
to
two
years
to
complete
the
whole
city.
So.
F
G
I'd
like
to
see
yeah,
so
when
we
had,
I
mean
we
met
with
four
vendors,
a
while
back
to
vetted
out.
You
know,
there's
some
different
types
of
collection
systems
out
there
that
everybody
has
a
little
bit
different
type
of
thing.
So
you
know
that's
what
these
companies
do.
They
sell
the
meters.
They
have
install
programs.
G
G
It
reads
from
the
outside
to
a
computer
to
a
collection
site
right,
so
people
like
to
say
smart
meters.
These
aren't
I
mean
the
system
that
I
would
recommend
is
basically
the
same
thing.
You
have
now
a
meter,
a
hard
wire
to
the
outside
to
a
battery
which
actually
then
communicates
outside
the
home
to
a
collector
that
sends
it
to
a
server
and
then
that's
how
we
get
the
information
hey.
Thank
you.
You're
welcome.
E
Okay,
so
this
is
a
couple
of
these
questions
are
for
martin
number
one,
and
I'm
not
sure
this
first
question:
if
it's
really
for
martin
or
or
really
for
administration
as
a
whole,
we
had
voted
as
a
council,
and
I
know
some
agree-
some
disagree
with
it.
I
know
even
administration
had
some
disagreements
with
it,
but
nevertheless,
as
a
body
we
decided
to
have
a
rate
decrease
whatever
happened
to
that.
E
H
If,
if
I
might
respond
to
that
after
the
motion
was
made,
we
were
unclear
as
to
how
to
follow
the
motion,
and
the
reason
was
because
we
didn't
know
the
way
it
was
worded.
It
said
to
reduce
water
rates,
so
there's
two
components
to
the
bill:
there's
a
water
component
and
a
sewage
disposal
component
correct
was
the
motion:
10
percent
off
both
10
percent
off
water,
10
percent
off
sewage
disposal.
H
Consequently,
I
linda
asked
me
about
the
fact
that
she
was
unclear
as
to
how
to
reprogram
it
so
linda
sent
a
email
to
the
council
chair
asking
for
clarification,
so
we
would
be
able
to
implement
it.
We
never
heard
back
from
any
of
those
emails.
A
E
H
C
E
Just
agree,
honestly,
I
disagree
honestly
with
how
this
has
been
handled.
Quite
frankly,
I
I
don't
agree
with
how
this
has
been
handled
because
we
voted
on
it,
so
it
should
have
been.
It
should
have
been
a
much
better
technique
than
this
than
saying
I
didn't
hear
from
nobody,
then
suddenly
it
just
goes
away,
but
off.
H
Of
that,
if
I
can
say
one
more
thing
in
due
respect,
consummate
is
the
fact
that
there
is
no
way
that
if
we
had
reduced
everything
by
10
percent,
we
would
not
have
been
able
to
pay
our
bills
for.
E
H
H
E
I'll
move
off
of
that
I
just
want
to.
I
don't
want
to
say
clarify
that,
but
just
really
more
make
a
statement
that
I
I
think
what
happened
is
not
right
personally,
because
we
voted
on
it
number
two.
This
question
for
martin,
we
have
rate
increases
at
almost
every
single
scenario.
E
Is
there
re
increase
due
to
the
fact
that
great
lakes
water
authority
has
raised
the
rates
on
us,
or
is
that
only
to
be
able
to
pay
this
back?
Can
you
get
that
clarified?
If
you
don't
mind,
please.
B
So
the
water
and
sewer
rates
on
page
three
of
the
large
attachment
the
water
sewer
rates
are
increasing
about
four
to
five
percent
per
year.
B
There's
some
of
that,
but
then
just
the
volume
of
the
capital
outlay
that's
being
requested.
That
needs
to
be
funded
from
somewhere
and
that's
where
the
increases
are
percentages.
E
Okay
and
then
the
last
question
for
you,
martin,
council,
chair,
why
do
we
have
so
much
cash
reserves
on
hand
for
the
water?
Why
do
we
need
that
amounts?
If
you,
if
you
look
at
the
amounts
here,
I
mean
they're
they're,
quite
a
bit.
Obviously
you
know
we're
looking
at
different
funds
of
13
million
five
million
and
we're
starting
out
with
thirteen
million
seven
hundred
and
eight
thousand
four
hundred
and
forty
six.
B
Now,
yeah
so
on
page
one
where
it
shows
cash
available,
there's
a
calculation
of
where
you
your
target
reserves
should
be
your
target
cash
and
basically,
at
the
end
of
five
years
the
total
is
6.9
million
dollars
right
and
it
does
sound
like
a
lot
of
money,
the
6.9
million.
It
shows
the
calculation,
how
that's
done
and
essentially
what
it
is.
It's
looking
at
your
cash
expenses
for
the
year,
which
for
this
past
year
it's
about
17
million
dollars
and
it's
calculating
about
25
percent
of
that
which
is
4.3
million.
B
That
gives
you
90
days
worth
of
cash,
to
pay
for
salaries,
repairs
for
water
purchases,
sewage
disposal,
etc.
Then
you
also
need
some
money
for
capital
outlay,
so
one
for
repairs
and
for
other
things,
but
that's
calculated
based
on
just
how
much
your
assets
are
in
total,
which
the
system
has
almost
96
million
dollars
in
fixed
assets,
which
you
can
just
imagine
I
mean
that's
a
significant
dollar
amount.
So
if
there's
breaks
in
the
system,
things
like
that
the
city
should
have
some
money
set
aside
in
case
there's
emergency.
B
So
that's
about
two
million
dollars
and
then
there's
another
reserve
of
about
five
hundred
thousand.
So
in
total,
that's
how
it
comes
up
to
six
point:
nine.
Honestly,
it's
up
to
the
city
and
the
council
to
decide
what
that
necessary
reserve
is
at
the
end
of
five
years
and
as
of
june
30th
of
2020
councilman
abdallah,
you
mentioned
the
13
million
dollars,
but
based
on
the
model
you're
going
to
utilize
or
use
a
significant
amount,
actually
8.3
million
dollars
worth
of
the
cash
balance
for
this
coming
year.
E
E
B
Yeah,
so
if
you
look
on
page
seven
of
the
again,
the
big
file
department,
537
has
all
the
capital
outlay
for
the
next
couple
of
years,
and
you
can
see
the
significant
number
of
expenses
per
capital
outlay
and
that's
the
main
reason.
That's
the
main
driver
of
how
you're
going
to
consume
that
cash
over
the
next
couple
of
years.
So
13
million
sounds
like
a
huge
amount
and
13
million
to
someone
like
me
means
I'm
retiring
on
the
beach
somewhere
about
13
million
dollars
for
a
fund.
B
E
A
Oh
okay,
I've
got
councilman
constance,
councilwonsell
and
then
councilman
bazzy
and
then
councilman
muscat
go
ahead.
Please
I
have
councilman
constant
go
ahead.
Please.
D
Thank
you,
madam
chair.
This
is
a
question
or
a
couple
questions
for
either
john
selmey
or
dan
brooks.
How
old
are
our
meters
now
and
in
the
idea
of
what
amount
of
money
we
would
save
by
upgrading
the
meters,
both
in
actually
capturing
the
the
real
water
usage
and
then
also
in
manpower
reading
the
meters.
G
G
As
far
as
you
know,
water
meters
go,
you
know
it's
a
mechanical
device,
so
they
they
they
slow
down
over
time.
So
financial
analysis
has
not
been
done
as
far
as
you
know.
What's
the
payback
what's
a
payback
period,
you
know
when
they
brought
this
to
the
council
before
didn't
seem
like
there
was
any
interest
going
forward.
So
haven't
really
done
any
further
work
on
that,
but
I'm
sure
in
the
awwa
standards
there's
you
know,
there's
there's
a
payback.
G
D
G
So,
as
far
as
reading
the
meter,
we
won't
physically
a
new
system.
Wouldn't
you
wouldn't
require
physical
reading
because
the
reads
are
sent
to
us
electronically,
but
there's
still
service
work
that
needs
to
be
done.
The
batteries
fall
asleep.
They
need
to
be
woken
up.
If
you
will
for
like
a
better
terms,
the
wires
get
caught
things
of
that
nature.
G
So
there's
still
some
service
work,
that's
required
with
that,
but
it
wouldn't
require
three
full-time
meter
readers
and
we
could
move
those
meter
readers
into
our
field
operations,
but
there's
still
still
a
lot
of
significant
work
that
goes
along
with
it.
Some
of
the
other
benefits
too,
is
like
for
a
final
read.
Nobody.
They
don't
have
to
call
and
schedule.
You
know:
okay,
we're
two
weeks
out
for
your
final
read.
G
We
can
give
you
that
final
read
at
that
phone
call,
because
we
have
that
read
so
there's
a
lot
of
customer
service
friendly
things
that
are
important
to
people
right,
so
you
know
leaks.
I
got
a
leak,
you
know
same
same
type
of
thing.
You
can
show
them
how
to
see
if
it's
leaking
on
an
app
or
they
can.
You
know,
get
alerts
on
their
phones.
Much
like
you
can
do
with
a
dt
app
with
energy
use
and
things
of
that
nature.
So.
B
If
I
can
just
add
a
comment
to
I'm,
not
an
engineer
by
any
means,
so
just
want
to
qualify
that,
based
on
my
understanding
and
normally
what
happens
is
mr
johnson
mentioned
the
meters
slow
down
and
what
happens
is
if
someone's
using
x
amount
of
gallons,
it
actually
reads
a
smaller
usage.
B
So
therefore
it
likely
results
in
the
city
having
a
bigger
water
loss
and
what
that
means
is
you
purchase
more
units
from
dua
versus
selling,
even
though
you're
actually
selling
it,
but
you
really
don't
know
about
it,
because
the
meter
is
not
capturing
all
of
it
and
on
page
two
of
the
template
under
model
assumptions,
the
very
first
one
shows
the
water
loss,
the
historical
water
loss
and
in
2019
you
had
14.7
percent
water
loss
for
the
system,
so
there
was
a
difference
between
what
you
purchased
and
what
you
sold.
B
Now
that
doesn't
mean
it
goes
down
to
zero
because
you
have
new
water
meters.
There
is
just
overall
leakage
through
the
pipes
so
that
you
can't
usually
eliminate
that
to
zero,
but
there's
very
likely
a
component
of
it
because
of
the
water
meters.
H
G
I
D
F
I
Okay,
I
think
I'm
next
yep.
Okay
now
has
there
been
any
grant
money
given
to
us
on
any
of
these
projects,
including
the
lead,
pipe
replacement,
or
did
we
get
zero
money
from
anybody.
G
There
there
is
no
grant
money
that
I'm
aware
for
the
cso
projects.
The
monies
that
are
available
for
the
lead
service
line
are
the
same
thing.
That
would
be
a
loan
through
the
state.
There
is
some
talk
about
some
other
funding
sources
coming
to
the
state
to
do
that,
but
there's
no
grant
money.
The
only
thing
there
may
be
is
if
it
was,
the
community
was
determined
to
be
disadvantaged,
that
there
may
be
some
loan
forgiveness.
I
Yeah
you
know,
I
can't
believe
that
with
these
projects,
especially
the
lead
pipe
and
the
in
the
water
meters,
these
are
projects
did
the
lead
pipe.
I
I'm
I'm.
I
don't
know
for
a
fact,
but
I'm
pretty
sure
they
got
some
kind
of
help.
There's
there's
got
to
be
something
out
there
for
us,
I
mean
not
to
get
one
penny
from
the
state
or
the
federal
government
to
help
us
with
these.
You
know
30
million
dollar
projects,
we
don't
we
have
to
pay
fund.
I
G
Well,
it's
called
the
dwarf.
It's
a
drinking
water
revolving
fund,
it's
administered
by
the
state
and
I've
looked
into
it.
We
can
apply.
You
know
they
only
only
fund,
so
many
projects
a
year,
they're
funded
through
21
and
they're,
taking
applications
for
22.
G
I
I
Get
our
fire
fighter
grant
writer
getting
going,
and
anyway
martin,
you
said
that
you're
projecting
with
these
with
this
with
this
bond
issue,
six
roughly
six
percent
rate
increases
every
year
for
the
next
several
years.
Does
that
include
the
six?
Does
that
include
the
annual
normal
increases
of,
like
you
say,
to
four
to
five
six
percent,
or
are
we
looking
at?
Are
we
looking
at
a
ten
percent
plus
each
year.
B
I
Sorry
does
that
include
the
the
projected
or
estimated
yearly
increase
from
our
water
costs.
I
A
B
Verify
I
believe
someone
asked
me
this,
what
the
rates
were
projecting
last
year
to
be
the
increases
for
this
year.
I
did
verify
during
the
meeting
and
it
was
6.51
so
and
this
is
showing
6.91.
I
Okay,
so
the
previous
model
was,
without
with
the
with
the
bond.
C
Thank
you,
madam
chair.
I
guess
I
have
two
questions.
The
first
one:
okay
with
a
water
meter
replacement
what
constitutes
a
water
meter
replacement
with
a
date
wise.
So
we
have
some
homes.
You
know
a
lot,
not
a
lot,
but
there's
few
homes
in
the
city
that
were
built
in
certain
date.
So
are
you?
Are
you
replacing
the
water
mirrors
on
all
the
homes
or
is
it
specific
water
meters
from
built
from
this
date?
Prior
to
that
certain
date?
G
Sure
so
that
I
mean
that's
a
good
question,
so
it
would
depend
on
the
manufacturer
that
was
selected.
Currently
the
city
uses
a
neptune
meter.
So
if
the
city
puts
us
out
a
bit
and
the
neptune
company
was
the
low
bidder,
what
we
would
do,
what
my
recommendation
would
be
that
any
meter
less
than
10
years
old,
we
would
just
change
out
the
head
and
to
be
compatible
with
the
new
reading
device.
G
We
I
did
that
in
a
prior
community
and
which
helped
us
save
significant
money,
because
over
time
we
do
change
meters
because
they
they
slow
down.
They
stop.
They
freeze,
whatever
the
reasons
are
and
new
construction
for
sure.
So
that
would
be
a
big
consideration.
G
If
we
went
to
a
different
vendor
that
wasn't
our
current
vendor,
then
we
would
probably
have
to
change
every
one
of
them.
So
when
we
met
with
the
vendors
there
was,
you
know
a
pretty
substantial
savings
there
with
meters
that
had
already
been
installed
in
the
city
that
are
less
than
10
years
old.
So
that
would
be
something
that
would
be
taken
into
consideration
when
when
and
if
the
city
wants
to
go
out
the
bidding
than
how
we
award
the
contract.
C
Okay,
thank
you.
The
sec
last
question.
You
know
goes
on
the
water
meters
also,
so
I'm
I
do
remember.
Mr
selmy
did
bring
it
up
in
front
of
us
and
I
remember
seeing
the
beds
from
the
from
the
vendors
for
the
different
water
meters.
C
C
They
shouldn't
be
for
any
reason
why
a
resident
will
disconnect
it
other
than
a
city
to
disconnect
something
like
that.
Especially
you
know.
If
you
disconnected,
then
the
water
meters
I
mean
the
water
should
not
be
flowing
into
the
house
right.
So
I
was
I
was
concerned
when
you
mentioned
the
word,
disconnect
so,
and
that's
one
of
the
biggest
things
for
somebody
to
to
bypass
the
water
meter
and
goes
goes
directly.
G
That's
that's
a
very
valid
point,
so
these
new
systems
they
have
they
have
alarms
built
into
them.
So
if
the
meter
gets
turned
around,
there's
a
reverse
flow
alarm
that
comes
that's
emailed
to
the
to
the
city.
If
there's
no
usage
over
a
certain
period
of
time,
there's
alarm
sent
if
the
meter's
been
removed,
there's
an
alarm,
that's
sent
to
the
city,
so
in
real
time,
at
least
within
24
hours.
We
know
that,
where
way
we
read
now,
you
know
every
60
days.
G
G
C
K
K
B
K
The
cards
I
didn't
want
you
to
have
to
listen
to
all
that
noise,
so
I
have
a
couple
questions
regarding
the
meters
themselves,
so
these
are
neptune
brand,
correct.
K
Okay,
do
you
have
the
pr
projected
longevity
of
the
meters
for
the
new
meters
and
upkeep
on
costs
and
return
on
investment
for
those
meters.
G
The
meter
life
will
be
the
same
about
30
years.
The
one
thing
that
is
important
to
note,
though
so
the
batteries
themselves
are
guaranteed
for
20
years
pro
rated
after
10
years,
so
the
first
10
years,
the
batteries
are
replaced
at
the
manufacturer's
cost.
G
So
my
past
experience
is
that
when
we
did
that
program
that
we
put
a
few
cents
in
the
rate
every
year
to
fund
for
batteries
going
forward,
so
when
they
do
get
past
that
10-year
and
you're
prorated
that
you
have
funding
already
there
pre-funded
to
do
replacements
as
needed,
the
other
the
other
key
to
that
is
like
you
know,
we
don't
want
to
do
20,
000
meters,
all
at
once,
either
because
we
don't
want
20
000
batteries
all
buying
at
the
same
time
too,
so
that
that
that
is
important.
K
Okay,
very
good-
and
I
just
want
to
circle
back
scenario-
number
one
which
includes
the
cso
projects
and
the
meters
you're
we're
looking
at
six
point:
nine
three
percent-
and
that
does
include
the
great
lakes
water
authority,
four
to
five
percent.
That.
J
B
It
includes
basically
all
operating
cost
increases.
All
salary
increases,
all
inflationary
increases,
as
well
as
the
projects
that
are
specified.
K
B
E
I
just
wanted
to
point
out
council
chair
for
our
fellow
council
members
in
it
and
just
to
clarify
it
based
on
following
the
interest
rates
for
years
and
years
and
years
in
my
business.
To
get
right
now
depends
on
which
particular
scenario
we
go
with,
but
everywhere
for
for
between
anywhere
between
26
million,
almost
all
the
way
down
to
16
million
at
two
and
a
half
percent
interest
rate
for
20
years.
Is
I'm
telling
it's
like
stealing
money?
E
There's
no
such
thing
that
will
come
up
like
that
again
and
the
likelihood
of
a
rate
like
that.
Being
you
know
nobody
can
project
the
future.
I
could
just
base
it
on
history
of
a
rate
like
that
being
available
to
us.
Next
year's
is
pretty
slim,
and
then
you
got
scenario
three,
which
residents
pay
for
through
the
bills.
E
I
think
to
me
is,
in
my
opinion,
not
a
good
idea,
because
just
too
much
of
an
amount
to
to
have
it
passed
on
to
the
residents
in
their
bills
every
single
year,
it's
much
better
to
be
able
to
borrow
that
at
that
two
and
a
half
percent
interest
rates
would
again
will
not
be
available
again
and
it's
basically
like
stealing
money.
I
can't
believe
that
we're
able
we're
even
able
to
get
something
like
that,
but
I
assume
martin,
I
assume
it's
a
fixed
rate,
correct.
B
B
I
know
that,
for
example,
like
myself,
my
personal
finances,
I
want
to
pay
off
the
debt
as
quickly
as
possible,
so
like
mortgage
things
like
that,
I
don't
want
to
have
it
sitting
here,
one
it's
two
and
a
half
percent
interest,
so
it
is
very
low
in
comparison
to
prior
years,
and
you
know,
what's
available
normally
the
other
scenario.
B
So
if,
if
you
were
going
to
spend
the
cash
now
and
someone
moves
out
of
the
city
in
two
years-
and
someone
else
comes
in
in
two
years,
that
new
resident
didn't
really
pay
for
these
improvements,
even
though
they're
going
to
benefit
from
the
new
water
and
sewer
meter
from
you
know
some
of
the
cso
projects,
things
like
that
so
spreading
the
cost
out
into
the
future,
really
spreads
the
cost
out
to
the
user
themselves
versus
kind
of
front
loading
it
to
the
people
that
live
in
the
city.
Currently,
if
that
makes
sense,.
A
Oh
okay,
no
all
right,
we'll
open
it
up
to
public
comment,
state,
your
name
and
please
limit
it
to
three
minutes.
Any
public
comment
in
regards
to
the
study
session.
K
A
A
D
Comment
just
a
question
for
martin
and
or
anyone
else
the
cpi
now
has
been
you
know
less
than
two
and
a
half
percent
any
idea
on
where
it's
going
in
the
future.
I
mean
inflation
has
been
very
low,
we're
gonna
head
into
a
big
recession,
probably
in
large
part
due
to
the
you
know
the
pandemic
and
the
lockdown.
D
So
I
don't
see
interest
rates
going
up,
but
I
just
wondered:
if
you
had
any
projections
or
thoughts
on
that,
martin.
B
I
don't
have,
I
guess,
full
projections
or
anything
like
that.
I
know
that
the
fed
has
been
actually
focused
on
increasing
inflation
as
funny
as
it
sounds,
because
the
thought
process
for
the
by
the
feds
is
that
a
certain
level
of
inflation
is
healthy
for
any
country
and
the
inflation
has
been
historical
lows
for
the
last
I
believe
a
couple
years.
So
there
is
a
focus
on
that.
B
The
last
time
I
actually
read
an
article
a
couple
days
ago,
it
was
reading
that
it's
looking
like
it's
becoming
more
successful
at
hopefully
increasing
inflation.
I
don't
know
what
that
level
is
going
to
be,
but
I
would
expect
that
you
know
we're
gonna
see
two
to
three
percent
at
a
minimum
in
the
next
year
or
two.
But
again
is
the
policy
going
to
be
successful
in
what
the
feds
are
trying
to
do
and
actually
increase
inflation
or
not?
D
All
right,
yeah,
that's
what
I
was
looking
for,
so
you
think
at
most
two
or
three
percent
rate
of
inflation,
two
or
three
percent
cpi.
B
I
would
expect
that,
but
honestly,
it's
so
hard
to
predict.
I
know
the
interest
rates,
the
interest,
expense,
it's
historical
lows
and
I'd
be
surprised
to
see
anything
much
lower.
I
mean
I
can't
see
the
banks
actually
giving
us
money
to
borrow
money,
but
it's
almost
as
close
to
that
at
this
point,
so
the
rates
are
insanely
low
and
I
would
encourage
anybody
that
has
a
mortgage
to
refinance
as
quickly
as
possible,
too.
A
A
48.,
sorry,
we
can't
hear
you
is
councilman
muscat.
You
had
this
problem.
How
did
you
fix
that
yeah.
F
That
is,
I,
I
know
him
mohammed.
Just
shake
your
head.
F
E
F
You
want
to
call
my
phone
number
moody
just
call
my
number
we
can
see
if
we
can
put
you
on.
K
J
J
H
Am
I
am
I
unmuted?
Yes,
you
are
okay.
I
would
direct
that
question
to
martin.
If
you
put
up
10
reduction
in
the
model,
would
that
then
mean
that
we
are
now
looking
at
double
digits?
17
16.9
percent
increases.
B
And
I
mean
in
total
for
a
five
year
period,
it
reduces
the
increase
by
one
percent.
B
B
Given
the
you
know,
dual
water
charges,
the
sewage
disposal
charges
with
the
capital
outlay
things
like
that
in
order
to
not
have
double
digit
increases
in
the
future
and
when
I
say
double
digit,
you
know
if
you
had
a
decrease
in
one
year.
I
forget
the
models
that
were
shared
with
the
council
a
couple
years
ago,
probably
about
18
months
ago,
you
would
likely
have
40
or
50
increases
in
a
couple
years,
trying
to
catch
up
and
trying
to
get
the
fund
out
of
out
of
a
hole
essentially.
J
I
I
didn't
hear
an
absolute
need
for
this
expenditure
to
the
residents
is:
I'm
sorry,
10
20
30
40,
whatever
percentage
of
water
leaders
throughout
the
community
throughout
the
city
of
different
heights,
are
they
not
working?
Is
that
why
we're
looking
to
send
this
money?
J
None
of
that
really
details
that
we
needed
what
is
the
are,
are
the
water
meters
not
working?
Is
that
why
this
is
on
the
table,
or
this
is
just
the
pre
pre-maintenance.
B
G
J
G
All
right,
so
I
didn't
it's
hard
to
hear
you.
So
I
don't
know
what
your
10
question
was:
the
meters
that
the
city
has
they're
aging
of
30
years
old.
You
buy
a
commodity,
you
sell
the
commodity
and
when
you
can't
register
the
commodity
accurate
on
what
you're
buying
you're
seeing
water
losses
upwards
of
15
percent,
so
you're
absorbing
that
cost
the
water
meters
don't
last
forever.
The
the
equipment
that
the
city
is
using
to
buy
is
using
to
read
the
meters
is
being
bought
second
hand
over
the
internet.
G
We
don't
even
have
a
vendor
that
produces
this
equipment
anymore,
so
I
mean
the
city
doesn't
have
to
do
anything.
But
at
some
point,
though,
when
you
can't
read
your
meters,
you
got
a
problem,
so
either
either
start
to
recognize
that
you
have
a
problem
now,
you
you
have
an
opportunity
to
fund
it
through
a
bond
with
the
interest
rate
that
is
very
low
or
you
start
pre-funding
it
and
doing
it
years
out.
G
J
My
money
has
been
invested,
so
if
this
is
going
to
reduce
my
water
bill
and
get
that
10
percent,
that
was
already
voted
on
and
passed
we're
talking.
But
if
you're
telling
me
I'm
not
going
to
read
the
letters
on
this
which
I'm
not
hearing
that
I'm
going
to
I'm
just
not
it's
just
not
I'm
not
understanding
and
I'm
a
businessman.
G
What
he's
going
to
pay
for
you
need
to
have
an
accurate
meter.
I'm
just
mine
is
just
this
is
a
recommendation.
What
the
council
wants
to
do
with
it
is
what
the
council
will
do
with
it.
At
some
point,
you
got
to
start
thinking
about
it.
This
is
not.
This
is
not
a
problem.
That's
going
to
go
away
anytime,.
A
Any
more
soon
from
the
public
we
are
getting
towards
the
end
of
our
meeting
and
it's
we're
running
short
of
time
here.
Any
more
public.
F
G
F
I
think
that's
something
I
think
council
is
gonna
have
to
take
that
up
as
a
as
a
complete
body,
along
with
mr
mayor
and
plant
moran,
something
we'll
have
to
look
at
and
as
far
as
the
new
water
meters,
I'm
going
to
agree
a
little
bit
with
mr
selmy,
because
our
water
meters
do
produce
x,
amount
x,
percentage
amount
of
water
loss
that
everyone
is
starting
to
pay
for
at
a
14
water
loss
every
year,
and
I
think
we
were
as
high
as
18
or
20
percent
there
for
a
while,
and
some
meters
have
been
replaced.
F
So
it's
cut
back
a
little
bit.
So
it's
gonna,
we
gotta
sharpen
our
pencils.