City Council Agenda and Packet 2013 11 04

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Special Meeting Minutes October 8, 2013 Page 9 of 12 Mayor Muckle agreed staff is authorized to administrate the HPC Fund and the open space fund allows maintenance, but funds have to be available for incentives and acquisitions. Council member Jasiak stated Louisville is a unique historic city and the Historic Preservation Fund is a wonderful asset, which may or may not be renewed. She was comfortable with the funds going to the City. Council member Loo stated if everything is taken out of the general fund, there will not be sufficient funds to repair the roads. She noted the taxpayers expect basic services, which are paid out of the general fund. Mayor Muckle stated when the open space tax first passed; general fund money was spent on the maintenance of open space. General fund money was also spent on historic preservation before the tax passed. Mayor Pro Tem Dalton stated the creation of a Historic Preservation Master Plan is three or four years behind the curve. Having the Master Plan written by City staff, opposed to aconsultant is more cost effective. He felt the Master Plan should be paid through the historic preservation fund. He did not believe the uses of the HPC funds will deplete the funds before the tax ends. He supported the use of funds to support the Historic Preservation activities. Council member Loo stated she would like to see the HPC fund become a loan fund. She requested a projection on the estimated spending of the HPC funds prior to its expiration. Aquiles Le Grave,379 Peerless Street, Louisville, CO stated the Historic Preservation Commission had hoped to complete a Historic Preservation Master Plan this calendar year, but it is being proposed for next year. He stated a Master Plan was created, but not adopted by Council. He believed the HPC Fund will be depleted by 2018 based on the demands and the projects. He felt in all likelihood the voters probably would not approve a continuation of the tax. He explained the Historic Preservation Commission does have concerns about Chapter 15 and the use of the HPC funds. He was not sure the voters would approve of staff time being charged to the HPC fund. He felt there are two different visions; 1) a tax which will not be renewed and 2) treating it as self - perpetuating over time rather than being renewed by the voters. City Manager Fleming stated the Historic Preservation Funds payback to the General Fund was projected to be $250,000 per year. Looking at the projections on what will be available in 2014 and in out years, there were sufficient funds to cover a $500,000 payback in 2014 and to cover all the anticipated projects. The intent was to accelerate the payback and to offset some of the transfers out of the general fund, which totaled more than $5,000,000, to address flood related activities. He stated staff will bring back a projection. 30