City Council Minutes 2000 09 05 - Laserfiche WebLink

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Louisville City Council Meeting September 5, 2000 Page 8. Levihn asked City Attorney Light if the PSCo application was denied, could they circumvent the City and refuse to work with the City on this project. Light stated that one of PSCo's options would be to challenge the denial, however there is not a judicial precedent. Public Works Director Phare reviewed a preliminary summary of financing scenarios and costs estimate for the power line under-grounding project. The burial project begins at Continental View Estates and ends at Arista Hospital. It is an 8.7 million-dollar project and is 100% financed. The annual payment is approximately I million dollars. The assessed value of the property in that 500-foot swath is approximately 24 million dollars. The mill levy is approximately 42 and the annual cost for 20-years on a $200,000 home would be $814.00. Sisk asked Diehl if PSCo would consider other alternatives and allow the City to continue this Special Review Use application until April of 2001. He explained that the additional time would allow the City to investigate the various financing methods. Diehl stated that there are technical limitations that prohibit waiting. He noted that the summer peak demand would have to be taken into consideration. Diehl stated that the temporary measures would require twelve weeks for delivery of materials needed to provide for the summer peak months. Diehl noted that the timeframe was outlined at the citywide meeting. Sisk commented that the Home Rule issue might be resolved as soon as April of 2001and asked if PSCo could allow the City to continue this matter until then. Diehl asked for a five-minute recess to consult with PSCo engineers. Davidson called a recess at 8:35 p.m. Davidson called the meeting back to order at 8:42 p.m. Michael Diehl stated that they would be willing to offer the same temporary measures to the City and alter the date to May 1, 2001. The amount for the temporary upgrades would also change. Diehl stated that PSCo would like to have approval of the Special Review Use application. He stated that if it is determined that burial is not an option, PSCo would request the authority to pursue the proposed project. Mayer asked if the undergrounding of the lines could be rerouted, thereby shortening the distance and significantly reducing the cost. Diehl stated it would be difficult as PSCO currently has the right-of-way for the power lines and would have to obtain new right-of- ways from landowners on any re-routing of the power lines. He doubted that PSCo could condemn property for those rights, given they already have a right-of-way.