City Council Minutes 2012 10 09 SP

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City Council Meeting Minutes October 9, 2012 Page 3 of 9 This item would be discussed with the Louisville Revitalization Commission in the study session, which would follow the special meeting. Economic Development Director DeJong addressed the Downtown patios, which will be reviewed by the LRC and the DBA and asked Council if a public meeting held in the evening to receive public input would provide sufficient information for Council to make a budget decision. The City Council felt it would. 4) Discuss thoughts/plans for crossing of St. Andrews & Dillon and why the suggested timing? The current timing of this project in the CIP was an attempt to successfully balance the CIP over the 5-year period. Public Works is currently soliciting proposals to evaluate traffic volumes and speeds in the area of St. Andrews & Dillon as well as the intersection of Dillon & 88th Avenue as it is all functionally interdependent at certain times of the day. No solution has been identified due to the need for the data described above. The current CIP budget considers the worst case scenario of a signal or roundabout type installation. It is our desire to be able to identify a solution that utilizes traffic calming and reduction of lanes; be less costly and more efficient while still embracing a pedestrian friendly environment. The area has been identified in the Comprehensive Plan as a candidate for lane reduction based upon high level average daily traffic volume to street capacity analysis. The details currently being collected reflect a more detailed specific analysis related to AM/PM peak hour traffic which affect the solution. This project can begin design by the end of the year and could be constructed in 2013 if deemed a higher priority during the budget process (assuming something else falls back, of course). The City Council discussed moving up the St. Andrews & Dillon crossing on the list of priorities once the traffic data has been analyzed. It was noted this intersection has been an issue for a long time. There was also discussion on the number of Capital Improvements included in the Plan and their priority. 5) Discuss property tax revenue assumptions— how did the City determine the potential increases for 13 and 14? The 1.3% increase in 2013 property tax revenue comes from the preliminary 2012 assessed valuation that we have received from the Boulder County Assessor. The final assessed valuation numbers, which we typically receive at the end of November, should be fairly close to this. The 3.4% average annual increase for 2014 through 2017 is a Finance estimate based on the expectation significant valuation from Steel Ranch and North End will hit the rolls and offset any negative adjustments during the re-appraisal years (2014 and 2016). There was Council discussion relative to the property tax revenue assumption being overly optimistic based on the build out of Steel Ranch and the North End. A question arose relative to how the assumption was based. Finance Director Watson explained the assumption was based on a combination of property evaluation and construction.