City Council Minutes 2000 08 15 - Laserfiche WebLink

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Louisville City Council Meeting August 15, 2000 Page 10. Howard asked if the Madani property assessed valuation was acquired for BID approval. BID Attorney Grimshaw stated that only the acreage was required. Grimshaw explained that Madani signed the petition because he believed it was good for the community, but wishes to be excluded from the district. Howard asked City Attorney Light, if the emergency ordinance was not granted, would the BID meet the legal requirement for the November election. Light stated that if the ordinance were approved as an emergency ordinance, the BID Board could be seated, organized and be prepared to meet the certification of the ballot deadline for the County election in November. Grimshaw reviewed the two deadline the BID must meet: 1) Sign the IGA for the County Coordinated Election by September 8, 2000. 2) Certify the ballot question by September 13, 2000. Mayer asked City Attorney Light to clarify the question with respect to the BID's ability to increase in the mill levy without a vote. Light stated that the BID would be a political district and would have to submit any tax increase to a vote of the district. Grimshaw stated that the district cannot levy any tax without City Council approval. He explained that every year an operating plan and budget must be submitted and approved by the City Council. Therefore, the district cannot certify any levy without City Council approval. Mayer asked if the BID would be subject to Tabor limitations. Grimshaw stated that they would be subject to Tabor limitations. Brown commended the Downtown Business Association for their hard work. He asked if the eight residential properties were excluded, would the percentage change to bring the BID below what is required. Grassi stated that the County sent a letter which confirms the change in classifications of two properties and that the City Clerk has verified those percentages. She stated she believed that they are still within the required percentages. City Clerk Varra confirmed that the BID is within the required percentages and stated that those two properties were verified and included. Brown supported Riggins concerns that all funds would be used administratively. Barnett stated that the administrative budget would be used to administer all advertising. Levihn stated that the proponents of the BID have done a good job and noted that the BID will be good for downtown Louisville. He stated that he wanted the process to move forward to a vote of the property owners. Mayer stated that he respected all the hard work that went into the BID process and based on the petitions that were signed, that a vote to the property owners is appropriate. He commented that it is an organizational opportunity to promote Downtown Louisville. 10