Annual Report 1986, City of Louisville

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.. CITY ADMINISTRATOR 'S MESSAGE rot :- H . a A w .. Completion of McCaslin Boulevard, Centennial Parkay,and Cherry Street in the Centennial Valley(Homart) Completion of Via Appia as major diagonal link within the City of Louisville •Completion of South Boulder Road from Via Appia to Washington Street with the remaining section(Washington to • McCaslin) now under construction . ;; •Construction of new Northside Sewer Interceptor to pro- vide more reliable service to Louisville residents • Completion of new City Shops 06. i Completion of these projects vividly illustrates the City's commitment to meet the capital needs of Louisville residents Dear Fellow Citizens, and the new commercial and industrial clients the City hopes ito attract. 986 can be characterized as a year of significant pro In 1986 the City of Louisville also undertook a number of gress for the City of Louisville. With the strong policy direc- actions to improve the image of Louisville to its residents and tion established by the Louisville City Council through its the business community. These activities included: Strategic Goals and Objectives,the City has witnessed signifi . Sponsorship of two Louisville Futures Conferences cant progress in the key areas of Louisville's economy,its in focusing on economic development and quality of life in frastructure, and its image. Louisville In 1986,Louisville's economy improved dramatically over 1985. The following indicators point to this turn around: • Continuation of the Joint Economic Development and Image Promotion effort with the Louisville Chamber of • 12 percent increase in retail sales Commerce • 13 percent increase in assessed valuation •The application and receipt of two grants from the State • The location of Ohmeda Corporation's world head- of Colorado to improve businesses in downtown Louisville and quarters in Louisville in developing a business incubator in the City • The location by the Adventists Health System of a 70 • The switch to four-year overlapping terms for Coun- acre Health Park in Louisville cilmembers in order to provide more stability and continuity •The relocation of Confi-Dental from the Chicago area in City government to Louisville •The active participation of Louisville in the W-470 Task • The significant improvements in Storage Tek's finan- Force, Denver Regional Council of Governments,the Boulder cial position through their new product introductions, increas- County Consortium of Cities, and the Colorado Municipal ing employment by 400 people,and their pending emergence League from Chapter 11 Judging by the improved economic performance of the city • •The opening of the Centennial Valley Center at McCaslin and the comparative strength of the housing market in Boulevard and Cherry Street Louisville vis-a-vis other metro area communities, these ef- • The expansion of Scope Manufacturing into their new forts to improve Louisville's image have begun to pay off. facilities in Louisville 1986 proved to be year of progress for the City of Louisville. In addition, the Louisville City Council annexed and/or Affirmative steps were taken and continue to be taken by the rezoned land in strategic locations (at U.S. Highway 36 In- City of Louisville to ensure a high quality of life for Louisville terchange; South Boulder Road and Highway 42) for future residents and financial stability for Louisville's City govern- strategic economic development purposes. These actions as ment operations. well as the indicators listed above clearly show Louisville well Sincerely, on its way to economic recovery. � � The City of Louisville took a number of affirmative steps G�/ in 1986 in improving the City's capital infrastructure for both ��y present and future residents of the City.Some of the key capital Terry L. Hundley infrastructure improvements include the following: City Administrator 3