City Council Minutes 1999 12 21 - Laserfiche WebLink

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Mayer congratulated his fellow Councilmembers for eliminating the sewer bond indebtedness and moved that Council approve Ordinance No. 1318, Series 1999 - An Ordinance Repealing Section 13.28.010.B of the Louisville Municipal Code Containing the Bonded indebtedness Assessment Against Each Sewer User Within the City of Louisville, seconded by Keany. Roll call was taken. Motion passed by a vote of 5-0, with Howard abstaining. ORDINANCE NO. 1319, SERIES 1999 - AN ORDINANCE INCREASING WATER AND SEWER TAP FEES IN THE CITY OF LOUISVILLE, COLORADO - 2na reading - public hearing (advertised Daily Camera 12/11/99) Davidson called for City Attorney introduction. Sam Light, City Attorney, read by title only Ordinance No. 1319, Series 1999 - An Ordinance Increasing Water and Sewer Tap Fees in the City of Louisville, Colorado. Davidson called for staff presentation. Dianne Ray, Finance Director, explained that according to budget policy, fees charged by the City of Louisville are to be increased annually at a rate to match inflation. The inflation rate being used for the 1999 budget year is 2.3%; therefore, Ordinance No. 1319, Series 1999 increases the water and sewer tap fees by 2.3%. Davidson opened the public hearing and called for anyone wishing to speak on Ordinance No. 1319, Series 1999 - An Ordinance Increasing Water and Sewer Tap Fees in the City of Louisville, Colorado. NONE Davidson closed the public hearing and called for Council comments and questions. He stated that the City Council Water Committee met earlier this week and discussed this Ordinance, and the current cost to obtain Colorado Big Thompson water, which is the City's main water source. He explained that the Ordinance is written with the assumption that the inflationary increase for the price of water shares will be 2.3%. He stated that, in reality, the price of water shares has increased forty- to fifty-percent. He suggested that in order to offset the actual cost of water, Council increase the water tap to $13,400 instead of the $11,400 fee stated in the Ordinance. Mayer asked for clarification that the $13,400 water tap fee would be for a three-quarter inch water tap. Davidson replied, yes. He explained that the other tap fees would also increase proportionally. Lathrop asked what the percentage of increase would be.