City Council Minutes 2011 06 28 - Laserfiche WebLink

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City Council Meeting Minutes June 28, 2011 Page 4 of 7 Michael Menaker, 1827 Choke Cherry Drive, Louisville, CO voiced his concern over Staff's assumption that the expenditures will exceed the anticipated revenues in 2012. He asked Council whether it was appropriate to spend rainy day funds today. Rick Brew, DELO, LLC, 726 Front Street, Louisville, CO voiced his support for the proposed Downtown Gateway underpass. Linee Perroncel, 1040 Main Street, (business location 917 Front Street), Louisville, CO stated one of the reasons for their business location at Front Street was the proposed Downtown Gateway underpass. She voiced her support of the underpass for pedestrian accessibility and safety. 2012 -2016 Capital Improvement Project City Manager Fleming reported there are nearly 200 C -I -P budget requests. The 2012 Budget concentrates on one -time capital expenditures. Staff proposed a $2.0 million transfer from the General Fund to the Capital Projects Fund to cover the cost of several significant one -time capital projects. For budgeting purposes, the projection is for a total of $500,000 in new revenue from this source in 2011 and subsequent years. Of that amount about $286,000 is attributable to the General Fund with the remainder going to the Capital Projects Fund ($143,000), the Conservation Trust Land Acquisition Fund ($53,000) and the Historic Preservation Fund ($18,000). City Manager Fleming reviewed the Capital Projects funded by the Conservation Trust Land Acquisition and Water/Waste Water Combined Utility. Some of those projects include the City Shop Remodel, Harper Lake Parking Lot Improvements, Trail Crossing Improvements and Water and Wastewater Improvements. COUNCIL COMMENTS Council members voiced opposition to the Harper Lake parking lot improvements. However there was Council support for the McCaslin Crossing for safety purposes. Some concern was expressed over the C -I -P projects request for signage, while there was support expressed for trail signage for connectivity. City Manager Fleming outlined the Capital Project request for downtown signage and newspaper vending machines. Council voiced their support for both. City Manager Fleming reviewed the proposed Public Works C -I -P budget, which included funding in 2013 to increase the annual street reconstruction program from $1.0 million to $1.5 million annually, provide $1.3 million for a Downtown gateway railroad underpass and complete traffic signal work on Highway 42 at Hecla and Paschal Drives. Also included is the McCaslin /Dillon Intersection improvements and the McCaslin and Washington Pedestrian Crossing.