City Council Minutes 2014 10 28 SP

Home Browse Search

City Council Special Meeting Minutes October 28, 2014 Page 6 of 10 projected 2015 year -end General Fund reserves will equal 16.2% of expenditures and increase to more than 20% in 2016 through 2019. Revenue Assumptions: • Sales Tax Revenue: +6.0% in 2014, +4.4% in 2015, annual average of +3.5% for 2016 through 2019. • Property Tax Revenue: +2.8% in 2014, +1.2% in 2015, annual average +2.8% for 2016 through 2018. • Consumer Use Tax: -5.0% in 2014, +23.7% in 2015, annual average of -1.3% for 2016 through 2019. • Building Use Tax: -15.8% in 2014, +2.1% in 2015, annual average of -12.8% for 2016 through 2019. PUBLIC COMMENTS John Dennis, 830 Meadowlark Lane, Louisville, CO a Steel Ranch resident addressed the North Underpass. He stated Steel Ranch is a lovely place to live until you try to leave the community and there is only one exit. The development is boxed in by a high speed road and a rail road track. He stated the Steel Ranch residents feel disconnected from the rest of the City. There are residents who cross the railroad tracks illegally and noted there is a fairly well -worn path over the tracks. He felt it was a public safety concern. Michael Menaker, 1827 W. Choke Cherry Drive, Louisville, CO stated the Recreation Center has red curbs to prohibit parking. He urged Council to be clear and supportive the Parking Action Plan. He felt it would ease the situation by putting off - street parking agreements in place. He urged Council to direct staff to move forward without the use of consultants, on a structured parking lot. He stated there are two or three locations. The questions are how many spaces are available, what will they cost per space and the appropriate cost recovery models to pursue. When discussing goals and objectives, he felt parking belonged in a community value category. A parking structure creates a community amenity, serves customers and takes the pressure off the neighborhoods. He felt cost recovery is important when considering the downtown area. He urged Council to keep moving forward and to identify parcels in a public forum instead of executive session. John Leary, 1116 LaFarge Avenue, Louisville, CO asked if the delay is tied to the time to securing materials or is it tied to the backlog of railroad projects. Money was set aside for the South Street Underpass in the 2014 budget and it is now possible it will be set aside another year. He felt this money could be used for street construction. He noted the cost for street construction is going up 8 to 10 %. He felt reserving this money for one project is a loss of opportunity for another project. He felt there should be some certainty on these projects. He suggested moving the money to another project. He felt it was wasting taxpayers' money by setting this money aside.