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and suggested better ways to recycle water. She referred to the same si~m~n in San Diego and indicated the voters did not approve it there. She urged people to vote no on Measure J. 6. PUBLIC HE RINOSOTI-mR MATTEn It~n6a Mayor Tarvet requested that the financial issues be repeated at the Council meeting when the Task Force presents its r~port. Ms. Michelo~ asked about the interest rate for the bonds. Ms. Rossi said the projections used were 6.75% for the 30 year bond. Curt'eat rates are at 6.1%. Ms. Michelotli clarified that there is currently a 20% discount for seniors and the proposal is to add another 10% discount for a total of 30%. Mayor Tarver reiterated the 20% was for seniors with a proposed additional 10% for low income seniors. Ms. Rossi said there is also a 20% discount for low income individuals that are not seniors. Mayor Tarvet wanted the additional 10% for low income whether a person is a senior or not and asked what financial burden that would place on the City. Ms. Rossi said there are only a few people who have applied for the low income discount so she did not think the increase would be significant. Joseph Russo, 6772 Paseo San Leon, spoke in support of Measure I, the bond measure regtwiin8 the San Francisco Bernal property. He wanted the property to be owned by the City of Pleasanton and any development to be conuolled by the City. Jack Hovin___gh, 4250 Muirwood Drive, commended staff for the report and timing a way to mitigate the impact of purchasing the property from San Francisco. He supported edoptln8 this discount whether or not the ballot meastffe is npproved. This is good for a disadvantaged elmant of the City. Pleasanton City Council 7 02/01/00 Minutes