City Council Minutes 2014 10 14 - Laserfiche WebLink

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City Council Meeting Minutes October 14, 2014 Page 19 of 23 5% increase for 2015 and 2016 and is guaranteed to be no more than 7% in 2017. He stated from a budgeting process its makes it easier to know the actual percentages of increases. Finance Director Watson explained it would be a positive impact to the General Fund. PUBLIC COMMENT Debra Fahey, 1118 W. Enclave Circle, Louisville, CO inquired about the employees average pay increase of 3% and asked if it also included part -time employees. City Manager Fleming stated it applies to full -time employees. Part -time employees are eligible for a 1% increase. COUNCIL MISCELLANEOUS COMMENTS Council member Stolzmann addressed wording on the Front Street Passage through to Community Park and asked if that project will be included in the next version of the packet materials. City Manager Fleming confirmed it would be included. CIP PROJECTS Council member Stolzmann inquired about the carryover of the $2.5 Million funding for the South Street Gateway. She asked what the City's obligations are if the project comes in higher or lower. She asked whether the money was obligated or could something else be done with the funds. She reported a citizen inquired about the uncertainty of the underpass and suggested the City acquire an option on the parking lot land and to not pay the entire $400,000. She felt there was one CIP project, which had great merit, but wasn't funded. The project was to put LED lighting at the Recreation Center parking lot for $25,000. The Public Works Department estimated the cost of the project would be paid back in ten years. She felt the project could be funded if the furniture and fixtures at the Police Department were delayed. She suggested Council consider this project. Council member Lipton inquired whether the City would be impacted by the TABOR laws. Finance Director Watson explained the City has de- Bruced on almost everything. He noted there are some reserve requirements, which must be met, but nothing would be impacted by TABOR. Council member Lipton inquired about the contingencies built -in for the operating and CIP budgets. Finance Director Watson stated the CIP projects have contingencies built -in, but there is not a contingency fund. The contingency is basically the reserves. Council member Lipton stated his understanding there is a 3% turn -back at the end of the end of the year. Finance Director Watson stated the turn -back returned to the general fund has averaged 3 %, although last year was 4 %.