City Council Minutes 1984 08 07 - Laserfiche WebLink

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8/7/84 Page -8- analysis. He wanted to know first if Council would subscribe to that approach. Then if so they would look at someone that hopefully would meet the Council's credibility. Mayor Meier Noted that John Alshuler had signed up to speak on this item. Asked if they wished to speak at this time. The reply was no. In rE~ply to Councilman Luce's inquiry regard- ing t:he data being sought, Mr. Rupp stated in looking at scenario #7 at the end of the period, it shows a significant surplus in the amount of 28 million dollars. #7 scenario was one that was looked at as being a favorable analysis, which certainly shows the long term effect of the revenue picture at the end of 20 yE~ars. But the initial way to get there by adding a very high tap fee increase at this time maybe reviewed in terms of long term as not a reasonable approach to the tap :Eee. If the surplus is such that the revenue and expenditure picture cannot be rationalized therefore he felt this needed to be reviewed.. Also, the expenditure figures need to verified. Councilman Luce Commented that he noted in all the scenarios that the expenditures were not extended for 1987 as related to pipes and main replacement and he wasn't certain how that could be cal- culated by the financial analyst. Mr. Luce also inquired about the timing of the analysis, since the fast-track approval had been given for the Howard Berry Plant. Mr. Rupp stated that they had met with the Homart representatives and asked what the absolute date was as to when they need to pro- ceed. They stated there was still sometime in the month of August. Mr. Rupp stated that he felt uncomfortable with some of the figures provided by HICBNA - one of the expenditure figures was totally left out of the plan. KKBNA was proceeding from an engineering point on the project at this time so we are not losing time in order to complete this by June 1, 1985. He further stated in regard to the time frame, all agreements with the developers need to reviewed as to what the decision that is made this evening. Homart's agreement is somewhat different than other developers as t:o pay-back provisions, etc.