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To; <br />From: <br />Date: <br />Subject: <br />Mayor and City Council <br />Ron Moorse, City Administrator h/.P ,'If I <br />August 19, 1994 <br />Reconveyance of MWCC Interceptor to the City <br />I have attached a copy of a memo provided to the Council for discussion at its August 8 meeting <br />concerning the reconveyance of an MWCC interceptor to the City. At the August 8 Council <br />meeting, the Council indicated it needed more time to review the information regarding the <br />reconveyance before providing direction to staff regarding the City’s response to the MWCC’s <br />proposal. As indicated in the August 8 memo, the general concept behind the MWCC’s <br />proposal seems reasonable. There are two items the City may want to pursue regarding the <br />proposal: <br />1. <br />2. <br />The MWCC proposal would reduce principal payments to the City retroactive <br />back to 1990. A counterproposal would be to make the reduction in principal <br />payments effective in 1994. <br />Portions of this reconveyed interceptor continue to carry flows from properties <br />in other cities. This could have some impact on the calculation of the portion of <br />the pipe capacity that is needed to serve Orono. <br />If the Council has other questions or concerns regarding the MWCC proposal, these can be <br />discussed at the August 22 Council meeting.