A bill for an ordinance authorizing the issuance of City and County of Denver, Colorado, for and on behalf of the Wastewater Management Division of its Department of Public Works, Wastewater Enterprise Revenue Bonds, Series 2016, for the purpose of financing the cost of acquiring, improving and equipping the storm drainage and sanitary sewerage facilities of the City; providing for the pledge of certain wastewater revenues for the payment thereof; and making other provisions relating thereto. Authorizes the issuance of City and County of Denver, for and on behalf of the Wastewater Management Division of its Department of Public Works, Wastewater Enterprise Revenue Bonds Series 2016 in a principal amount not to exceed $116 million to fund storm drainage projects and for costs of bond issuance. The Committee approved filing this bill at its meeting on 8-30-16.
757 and 758 four 757. I have Espinosa, Flynn, Ortega and Nu make sure that's right. And four 758 I have Espinosa, Flynn and Ortega, so. Right. All right, great. And we will pull up 757 and find out what you all would like to do with this. Councilman Espinosa? I won't comment. What would you like to do with this on 757? Just comment. Okay. Can I just go down the list and ask Councilman Flynn, what would you like to do with it. Mr. President? Just a comment. Okay, great. Councilman Ortega, what would you like to have for a vote, please? Right. Councilman Espinosa, will you put put council bill 75 seven on the floor for adoption to be published? Sorry. Yeah. Thank you, Mr. President. I move that council bill 757. Be order published. It has been moved and second it. You okay, Madam Secretary? Okay. Great comments by members of Council. Councilman Espinosa. I actually didn't have a comment, but I did want to call it out for others to comment. That is very nice of you. Councilman Flynn, go ahead. Well, fortunately, I do have a comment. Thank you, Mr. President. I struggled with this one a lot because I was one of those members who voted against the fee increase that that goes to in part in great part to to pay for this this bond issuance. And one of my misgivings was the state of the engineering and the lack of of of solid cost estimates. But I was able, in just in the last day or so to meet with staff and satisfy myself that that the costs are based on good, hard unit cost estimating and a good scoping. I believe that because I lost that vote, because we increased the fee over mine and I think to other members votes. I think that my duty now is to make sure that the city's project is done properly and to oversee it properly, but not to obstruct it. So I plan to vote yes. Thank you. Great. Thank you. Councilman. Councilman. Let me do Councilman Ortega and then Councilman Neal. Thank you, Mr. President. I'm not going to be long winded because I've been very vocal on this particular project. This is the Plat to Park Hill Drainage Project that was tied to the I-70 project using part of the funding from I-70. I didn't support it then and I plan to vote no tonight. Thank you. And thank you so much, Councilman. New York. Mr. Ross, I had a question. Great. George Delaney. Yeah. Where is he now? Yeah, he just came in. Probably the. Yeah, George, come on up. And Leslie, you probably should follow and just get the whole team up here. You can you can start your questions as they're walking up. Continue. The consultant report was sent to us over the weekend, along with the resolution for tonight. And George, I think you and I talked this afternoon about the issue in the consulting room for saying that the bond issue really is going to fund the the storm drainage and that the senator sewer expense would really be funded by fees . And but then in the resolution, it says that the bar is going to fund both the storm drainage and the sanitary sewer. And just a little confusing to me from what the consulting report said and the money that's needed for storm drainage versus what's needed for senator sewer lines. Maybe your chance to explain to. Sure. Please, George. Thank you, Mr. Chairman. I'm George Delaney, chief operating officer. For Denver Public Works. The consultant study, as you referred to, does clearly indicate and as we had told you at the time we did, our rate increases that sanitary are planned for the Sanitary Storm Capital Improvement Program Plan was to fully fund it with cash. Our the only borrowing was going to be for the storm projects specifically for the plant the Park Hill project. And what what I've been told is the reason that the proclamation says sanitary mentioned sanitary. And it is because for full disclosure, as we're doing the plan to Park Hill project, there may be some sanitary work that needs to be done, a line that might need to be moved, a line that might need to be repaired or replaced as part of that project. So there may be some bond money actually used for sanitary as in the context of that project. Not as a standalone. We're not borrowing money for sanitary sewer IP as it's as it's being proposed. But only as a an incidental portion of a plot to Part Park Hill project. So it's more of a full disclosure that potentially that could happen. It's not our plan to use any of the debt money, however, for the basic C sanitary capital program. So you really don't feel you feel there'll be sufficient money with the bond issue and the fees for sanitary sewer and there won't be a need to ask the taxpayers for additional rate increase versus fees. Right. Our our entire capital program. For sanitary will be on a cash funded basis with the fees that were approved effective July 1st. This would only be an incidental spending of some debt money if there was a need for it in the context of that project. Thank you, George. Thank you very much. Thank you, Mr. Burns. Yeah, thank you, Councilman. No, thank you, George. Filling. You're going to have to stay up here, Councilman Espinosa. Yeah, no, I just wanted to clarify why I my bizarre comment, we are in a software change and so normally I'm able to sort of real time see that we have respondents and since we had to do this well in advance of the meeting, I wanted to make sure that this bill was called out because I felt that there were might be others. So sorry about that, I think. Thank you for the explanation, Councilman Cashman. Thank you, Mr. President. I'll just echo Councilwoman Ortega. I voted against the fee increase because of my perception of the connection of the Platt Park Hill Project with the I-70 project and my dissatisfaction with what I believe is the shortfall of the Colorado Department of Transportation's efforts to mitigate the impact of their proposed development on nearby homeowners . So I will vote against this tonight and will continue to do so. Thank you. All right, Councilman. Thank you. Looks like we don't have anyone else in the queue to speak. Madam Secretary. Raquel Ortega. No. SUSSMAN My black eye. CROOKS I'm sorry, Clark. Espinosa No. Flynn Hi. Gilmore. I. Herndon, I. Cashman. Carnage. Lopez. I knew, Mr. President. I was voting in the results. It's yours. Nine eyes. Three knees. We're missing a missing one. Councilman Ortega, did you vote? I did. Okay, we are missing one person. I believe we have 13 council members on my county council. Councilwoman Black. Councilwoman Black. Okay. How was the vote? So an irony. I'm sorry. Your councilwoman was I? So that's tonight's three nays. Yeah. Council about 757 passes. Okay. Please pull up. 758. Okay. Councilman Espinosa, what would you like to do with this?