City Council Minutes 2002 07 16 - Laserfiche WebLink

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Louisville City Council Meeting July 16, 2002 Page 9 MOTION: Keany moved that Council approve Ordinance No. 1390, Series 2002, seconded by Levihn. Roll call vote was taken. The motion passed by a vote of 6-0. Brown excused. ORDINANCE NO. 1391, SERIES 2002 - AN ORDINANCE CALLING A SPECIAL ELECTION FOR NOVEMBER 5, 2002, TO BE CONDUCTED AS A COORDINATED ELECTION, AND SUBMITTING TO THE REGISTERED ELECTORS OF THE CITY A BALLOT ISSUE CONCERNING INCREASES IN CITY DEBT AND PROPERTY TAXES FOR THE PURPOSE OF CONSTRUCTING, EXPANDING AND RENOVATING RECREATIONAL AND CULTURAL FACILITIES - 2nd reading - public hearing (advertised in the Daily Camera 07/06/02) Davidson called for City Attorney introduction. City Attorney Light read Ordinance No. 1391, Series 2002. Davidson called for Staff presentation. Deputy City Manager Julie Boyd reported that, Ordinance No. 1391 authorizes a Special Election on November 5, 2002, and a ballot question that would allow the City to issue bonds in the principal amount of $23.1 million dollars for the purpose of constructing a new library, expansion and renovation of the Recreation/Senior Center, and a outdoor swimming pool. Boyd reported the repayment cost of such a debt would be $1,975,000 dollars per year. The mill levy has been calculated on an interest rate of 5.75%. The mill levy required to support the debt is 5.340 mills (current levy 5.292). Boyd stated that the bond might be issued at a lower interest rate, however, the maximum would be 5.340 mills. She noted that the question also includes a 20-year sunset clause. Davidson opened the public hearing and asked if anyone in the audience wished to speak for or against Ordinance No. 1391, Series 2002. Mark Appelfeller, 424 Owl Drive, Louisville, CO, addressed the issue of the bond issue that would provide for a new library. He presented a proposal for Council consideration and suggested that the post office be purchased for the purpose of a new police station. He stated that the police site could be used for construction of a new library and, the current library building could be leased to a health club facility, thereby reducing the recreation center expansion. He stated it would be a proactive means to accomplish what everyone wants, a new library, new police facility, and additional recreation facility. He thanked Council members Keany and Brown for responding to his emails. Gail Wetrogen, 930 McKinley, Louisville, CO, voiced her opposition to the proposed increase in property and sales taxes: She stated that the economical climate is poor and it is unwise to increase property and sales tax at this time. She stressed that such