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Regular City Council Meeting Monday,August 13,2012 Page 21 ject was built. Councilmember Pust opined that this was not a cost overrun, and was not fair to consider it as such, with the Project Team bringing the project in at budget. Councilmember Pust expressed her personal disappointment that there was not an on/off clause included in the contracts when originally drafted. At the request of Councilmember Johnson, Councilmember Pust opined that if the bond costs were attributed as she detailed, and with a twenty (20) year pay- back, a geothermal investment in the environment was well worth the cost. Councilmember McGehee concurred with Councilmember Pust's rationale; and after repeated Living Smarter discussions, could see no reason not to go ahead with proper certification and the geothermal component. Councilmember McGehee opined that the alleged delay costs were the fault of the City's management and the City Council majority. When the project was begun, Councilmember McGehee opined that the Fire Station portion could have proceeded without referendum in accordance with State Statute, and prompting no legal action, since it was allowed and citizens would have been very happy with that approach and no delays experienced. However, for some reason she was unable to understand, the Parks and Recreation portion and Fire Station were tied together, with the Parks portion addressed under a different statute and a Parks bond requiring a referendum, putting the City in its current situation, through bundling the bond issues under the City's Port Authority and attempting their passage without referendum and to the great consternation of many Roseville citizens, and resulting in many of these additional costs. How- ever, Councilmember McGehee opined that those additional costs shouldn't be- long to the Fire Station design, but the responsibility for those delays belonged to the City Council majority and management of the City. Councilmember McGehee opined, in today's bond market, the same bonds — bank qualified — would cost only an additional $50,000, but in hindsight, it was the choice made and possibly the wrong one. However, Councilmember McGehee reiterated that those additional costs did not have to do with the Fire Station project. Councilmember McGehee expressed her appreciation in receiving the efficiency figures in order to better understand the geothermal system to maximize effi- ciencies already made on behalf of Roseville citizens. Councilmember Willmus opined that the geothermal addition at $394,000 with a twenty (20) year payback made sense and should result in greater efficiencies at the OVAL and overall. Councilmember Pust, noting the $393,600 of the $8 million, represented an in- crease of 4.129% and seemed like a smart investment. Councilmember Johnson noted that a typical contingency is 10% and this was well within that.