closely with mr smith your solicitor in the ministration to address comments and concerns that were brought to our attention of the of the dross that were distributed earlier in the summer and through the early fall  again just to summarize the ordinance at its essence approves the ability of the township to enter into an execute the guarantee agreement that would be delivered in connection with the issuance of the authorities bonds would authorize us to do a filing with d c d to have that or to have this lease reynold indebtedness in currency approved under the local government unit debt act and again it authorizes all further actions by the township officers in the ministration as they would be concerned with a closing the authorities bond issue they'll be certificates etc as in some closing documents that would need to be signed by the township in connection with the guarantee and some other obligations with million dollars the ultimate bond issue that the authority would expect to market is actually only just north of six million dollars they need about five and a half million dollars for the project fund to supplement the pen best loan along with the grant money they've received to complete the project as it's understood to have resulted from the bids that have been received so five million dollars into the construction fund plus some capitalized interest which is essentially interest that's being borrowed or money that's being borrowed that will be applied to interest payments in the very first couple of years of the bond issue so that allows the authority to ramp up and gradually apply a rate increase to its users so that there's not just one or two sort of impactful rate increases the couple as interest allows them to smooth that out so we've got a five and half million dollar project deposit of capitalized interest and then cost of issuance paying the underwriters financial advisors obviously the legal fees associated with the  transaction so we expect a bond issue just around six million dollars the seventy five million dollars is being authorized recognizes the fact that the debt act requires that you approve a bond issue much like you would for your own bond issues if you're doing the one and not to exceed basis in other words before the bonds are actually sold you prove that each maturity level so in order to allow the underwriter and the financial advisor to successfully market the bonds the way they the way they can with investors they need to build in a cushion at each of the principal maturity levels across the twenty five years of the proposed bond issue so when you build in those cushions and each of those twenty five years you get to a principal amount that's well in excess of the five or the six million dollars that we would ultimately expect the bond issue to be sized out in case there was concern about you know about that about that fact i have included section three zero one of the ordinance actually does  indicate that the contingency is the bonds will be sold in aggregate principal amount sufficient to provide etc etc deposit to the authorities construction fund in the amount of five and a half million dollars so we provided the contingency within the ordinance that even though it's authorizing seven and a half township's ready call i believe that the financial advisor has the transaction set to price bourne's the week before thanksgiving i think they're using the date november eighteenth right now but i would expect  which is not the case no absolutely not know it the debt act provides that under a guarantee agreement it's appropriate for a guarantor to to covenant to budget appropriate and pay obviously guaranteeing entities in the pennsylvania don't actually want to or should they need to budget the amounts that would theoretically be payable in every given year under a guarantee agreement so what we've done in this section is we've carved out  beginning and this is again for be near the bottom of this paragraph if you care to to follow me but we've indicated than notwithstanding the fact that that budget that covenant to budget appropriate and pay is contained in the document were allowing for the fact that the authority before the township would finalize its budget each before the beginning of each fiscal year for the township the authority will provide a report it essentially lays out the expected revenues and expected expenses of the authority and the township would then be able to take into account as credits those revenues that would be payable towards debt service so that the township wouldn't in fact budget the amounts that would be payable on the bond issue because they're looking at a report that's that's reviewed by the authorities engineer that essentially says look the dollars coming in the door are x y and z you would expect to pay x to our operating expenses and y and z to our debt service payments to the bond issue or the bond holders into penn vest and whatever other debt holders or might be other so in other words that's the way we were able to cross in wind which with the assistance of the administration to alleviate the perceived requirement that you actually budget those amounts payable each and every year and that's also going to be reflected in the official state and so that bondholders will actually be aware that well and the township is not the first of the guarantors that i've worked with although you are in the minority to to pay particular attention to these sorts couple reasons number one we haven't sold the bonds yet so we don't know the particulars the amount of bone tissue guarantee agreement also contains provisions you'll see brackets throughout allowing for if the underwriter so the bonds with bond insurance the bond insurers like to see particular document items and covenants in guarantee agreements and in the indenture with respect to the authority so i bracketed that i wouldn't lay my life on it as i stand here but based on the township's credit rating i would think that it's more likely than not that the addition of an insurance policy does little to to carry a double a rating as well with hands township rating that's correct so why why would we spend a few extra bucks for shorts let me let me explain this why the the if the bonds are competitively bid the bidding underwriters will have already arranged for or not bond insurance and will price the boards based on the inclusion of that amount it's outside the control of the process not to exceed schedule those are max rates max wire runs us a seven and a half million and i had several as far as the insurance that it's not to the township has no insurance protection so to speak so one of my other concerns was what what protections do we have i know that you said we don't have to set aside money as far as the budget as far as the budget process but if in fact the current payment isn't paid on time three days prior whoever can call the township and say pay the bill and at that point in time we have to be prepared to provide that in my correct or how does that i'm kind of just looking for a little bit of understanding of the mechanics because it's kind of a big number but one of the things  there's now the reporting requirement that we're getting audits we're getting budgets and we're going to have those and he and and went council and its sole determination makes a determination that there is not sufficient funds that have been allocated to is sold determination can order raiding increase and that in fact the amount of funds that are being collected are adequate to cover the the bond issue and i think in doing that that puts the township in a much better position because we don't want to be in a approved ordinance number seven eighty eight later lower than what the engineer anticipated we didn't receive bids any bins on the h back contract or and we received one day on the plumbing so we're in the process of rebuilding those two contracts but we're still on target tony project costs is still it well it's expected to be about twenty two point eight million with the interceptor project we're looking to do our first rate increase in january our newsletter will be going out probably next week we're looking at doing a thirteen percent increase in january followed within ten to twelve percent in two thousand and eighteen so that would bring the average customer  r it's going to be both the fixed amounts going to go from the thirty one dollars to thirty three dollars and then our consumption charge is going to go i believe up around the six it's going to be like six dollars in something so it's going to be on both and then where we're standing now i mean we're looking at our budget now we're increasing that fixed amount to the thirty three dollars that will probably stay when we look again next year to see what the effect is on the consumption we are seeing a trend not just our authority all the authorities are seeing a trend on consumption going lower so we're going to start with this you know two dollars on the fix charge and then in probably a year and a half to two years where you get ready to do the next increase really evaluate where we are with the consumption a minimum fee at that point as well i wondered if it's possible given the scope of the bond amount the guarantee that i don't know if other council would like this or not but if the p t s a could come back on a quarterly basis and give us a little update and  that i mean we are still on schedule to start the construction in january i mean that is definitely still even with the back in the plumbing i mean because those things are going to occur until later in the year anyhow so we're still on and we still have a million dollar was a grant pending on the interceptor project so with these bids coming in lower i don't even know if we're going to have to even get another bond issue next item is a request by the land company for a conditional use hearing to amend the conditional use to say crossing seven atlantic as it refers to conditions six maid marian drive extension of it of education school district and so we're you know we are required by within forty five days to schedule a public hearing on the matter don't we already approved us and then they came back and we told them no you're too late to my wrong you but if we have another here and let's say we don't change it i guess all as my comments would you can chime in and let's say we don't we don't we don't want to change that for you right then  basically is based on my recollection right and they come back and they want maximum density on that development which is i think seven units or whatever right breaker or something  the public works director will be retiring in the year next year and so we are going to be needing to go out and advertise for that position so we reviewed the position and felt that there are some changes that should be made in the job description and particularly the the requirement for education which currently just is limited to bash degree civil engineering public works related field mature you can get a degree of public works so we expanded that to include the degree in civil engineering but also public administration business or closely related field with civil engineering preferred and we also  made some other just what's in there we feel that will give us a better ability to get a broader group of applicants that would be qualified and so we're we're recommending that counsel and the job description to  looking at projections we feel that the price differential was such that we were still well better off going with the the variable price so we're recommending that we go with class me face wage increases as well as twenty cent increase in longevity each year the combined wage increases is is under three percent profit brought approximately three point eight five respond fifteen hundred eighty one feet this looks like a residence house here fifteen hundred fifty five a this neighborhood here i'm going to say you know a lot of this is within a half a try to do this the same thing in our township if they get in here so twenty four gas wells probably the largest well padded pennsylvania most well pads have six wells or unless the loots pads less than a third of a mile from reese park and peter sonship pomes during the half mile radius was evacuated during the february eleventh two thousand and fourteen explosion of fire to land pad in greene county killing one worker that band only had two gas wells the safety buffer was finally reduced to three hundred feet several days after the explosion five days later the flames and extinguish themselves while large clouds of gaseous fumes were still billowing off the pad wild well controlled specialists from texas finally gain control of the well two weeks later to smooth things over the commute with the community residents got a coupon for a free three topping pizza many questions i would you know again that the world care approval in the here violates the constitution of the state of pennsylvania it violates that article one section one due process and it's residentially zoned area that's incompatible uses in a residential area it violates probably violates article one section twenty seven the  citizens that's a thousand feet from peter's township there are peter's township residents that are very likely to be affected by anything that comes off of that pad i think piers township residents have every right to pay very close attention to what goes on here i think it was it legally proved and i think that somebody eventually is going to have to be all responsible for results their rationale for putting it there was it was easier but there was some place else so they did it and i'm not sure what the responsibility of the township is when other if we want to lease or property i would have to ask at that time whether we would be aiding and abetting an illegal operation something that he went to court with went to the supreme court to sixteen for phase one think originally it was supposed to be in july of two thousand thirteen i'm not sure where they're at i know that they were in the peters creek authority working  work out to get information and meeting with claire this both already they had asked us to hold off on scheduling a meeting i think week i don't know what the timeline we gave them but i don't know if we want to you know we haven't nobody's contacted us from the authority either authority about trying to get the meeting going i don't know if we want to try to push something from the beginning of the year to meet with with all the authorities i thought a meeting would be scheduled by recommendation would be to check back in with them after the first of the year and see where they are with a comfort level where sammy is progressing basically their problem is that they're tired now into paying back the bar and and nothing's happened sound that is taxpayer money ratepayer money that's going to that end we just need to be able to support i think the p c s say as they pursue that so cute i think that would be my recommendation that time and then we have a public hearing she can make her comments at that time company is a public utility lobby cell tower companies are coming in and getting certified as a public utility by p c and then trying to take the tack that as a public utility they're not they're exempt from salary and i'm not sure i agree with that i know that mr cohen has experience with this company and other parts of the state and feel that we need to make memos to our ordinance to shore them up under the f c c regulations  from the last workshop as far as the budget portion is think the only thing that is outstanding is the one issue which is da our rifles i guess my question is do you want to have a workshop we still need to discuss the issues our requirements and they go through all the required qualifications which they do i'm not sure of your why we would want to prohibit that but how many how many is very question well how did they think they're going to manage that i mean i realize that parking isn't going to be full all the time they're saying based on their systems to syllabi use that the parking at the need  could become an office there would have to be if the if the zone here door would be inclined to approve it there would have to be some sort of condition that specifically for days use if i use would the parking would be consistent with the size of the building and we could still put some restrictions on there because i'm not worried about that so much the parking lot being crowded it's the flow of the traffic after the event is over know just for next agenda could we start thinking about board appointments we know we're going to need someone from planning and just to get an idea of where we are with everything else so we can get that out of the way particularly to provide us since we're