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f Impact Analysis: MRC's Investment in Municipal Wastewater Projects There has been much debate regarding the relative success or failure of local redevelopment commissions in Indiana. This debate is better informed when considering the indisputable success story of the MRC's investment in municipal wastewater facilities over the years. Please consider the following with regard to the public benefit realized as a result of the wastewater treatment projects which the MRC has funded since 1990: • The MRC's original investment in sewer system lining and elimination of infiltration has saved the entire community literally millions of dollars in reduced CSO impact; • The MRC chose to invest directly in sewage treatment expansion as partners with the Town on several occasions. o The MRC's participation in funding wastewater treatment facilities effectively"replaced" the capacity consumed by industrial expansion; o The MRC's participation in funding wastewater treatment facilities simultaneously reduced the amount of the sewer/wastewater rate increase which would otherwise have been necessary to fund the wastewater treatment plant expansion; o The effective sewer rate decrease which resulted from the MRC's financial partnership with the Town was beneficial to residential customers,as well as retail customers; o The effective sewer rate decrease which resulted from the MRC's financial partnership with the Town also served to make Mooresville more economically competitive in attracting new industries to Mooresville by reducing their long term operating costs. o The sewer rate savings enjoyed by residential customers as a result of the financial partnership of the MRC and the Town created additional,personal,discretionary Income which was captured by Mooresville retail businesses. o The increase in discretionary income also enabled Mooresville residents to enjoy an increase in relative prosperity,with regard to job satisfaction,and enjoyment of home and life. o The effective sewer rate reduction also benefited schools and government by reducing operating costs and improving the economic vitality of students and their families. The economic impact of the MRC's financial partnership.with the Town Council was measured using a simple economic model which estimated the sewer costs which would have been realized WITHOUT the MRC's financial participation in the sewer project. A summary of that impact measurement is presented in the following table,showing the relative sewer rate reduction for various classes of sewer customer. The most important/informative single figure from this Impact Analysis Model is that the MOORESVILLE SEWER CUSTOMERS HAVE ENJOYED A TOTAL OF—$SMILLIONIN REDUCED SEWER COST SINCE THE ORIGINAL MRC PARTICIPATION,AND THIS FIGURE CONSTANTLY CONTINUES TO GROW! This is a significant and noteworthy achievement of the MRC,especially in an 12 Mooresville Economic Development&Redevelopment Plans:2012 Amendment (draft,June 27,2012)