07/20/2011

WG2: October 18th, 2010 Minutes

Water Infrastructure Finance Commission

Minutes Working Group 2 Meeting 18 October 2010

Attendees:  Tom Walsh, Mike Martin, Dave Hanlon, William Callahan & Tom Tilas

Meeting called to order at 10:10 a.m.

Motion to approve September 14, 2010 Minutes by D. Hanlon, Seconded by M. Martin; approved by unanimous vote.

T. Walsh provided Committee members with issue outline regarding subjects previously listed as items of interest.  These included the general topics of: State Revolving Fund, Municipal Utilities and Water Districts, Financing, Storm Water Utilities, River basin Planning, Capitol Improvement Planning and Statewide Infrastructure Tax.

Discussion followed on the following topics:

SRF Point System

–          Water Shed Protection and Water Quality

–          Enterprise Fund and Asset Management

–          CIP and Economic Development

–          Tax deduction for infrastructure costs

–          In place rate for debt service and O&M

Regionalization of Municipal and District Services

–          Consolidation of administration and services to achieve economy of scale

–          Encourage economic development opportunities

–          Simplification of SRF application/regulations for small projects to reduce costs

Affordability

–          Advantages of Design, Build, Operate (DBO)

–          Consolidation of Water, Sewer, Storm Water services

–          Tax on bottled water with proceeds targeted for grants

–          Zero percent interest on SRF loans and extension of repayment period

Committee will meet next on December 8, 2010, 10:00 at the Lexington DPW.

Meeting adjourned 12:05 p.m.

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