City Council Study Session Agenda and Packet 2015 04 14

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CITY COUNCIL COMMUNICATION SUBJECT: RECREATION CENTER EXPANSION AND AQUATIC CENTER OPTIONS DATE: APRIL 14, 2015 PAGE 3 OF 5 facilities of the City consisting of the Louisville Library, the Louisville Recreation/Senior Center, and outdoor pool facilities…”  0.140% Sales and Use Tax generating $450,000 annually to be used for operating and maintaining recreational and cultural facilities and for any other lawful municipal purpose  3.0% Lodging Tax generating $250,000 annually to be used for operating and maintaining recreational and cultural facilities and for any other lawful municipal purpose  0.375% Sales and Use Tax generating $1.5 million annually to be used for the acquisition, development, construction, operating and maintenance of open space and parks. Voters in 2002 rejected the first two requests listed above and approved the second two requests. The following year, in the November 2003 election, the City Council asked voters to approve $7.4 million in debt financed through a 1.581 mill property tax levy for the purpose of constructing a new Library. Voters approved that measure. The ballot questions and the vote tabulations for both of these elections are included in the attachments to this communication. FISCAL IMPACT: Very preliminary estimates suggest it would cost over $9 million to renovate and expand the Recreation and Senior Center, and almost $19 million more to build an Aquatic Center, with the combined cost exceeding $28 million. It would also likely be necessary to ask voters for a tax increase to cover the increase in operating costs associated with expanded facilities. These estimates reflect an outdoor aquatic facility with recreational, competitive, lesson and therapeutic components that would also attract enough recreation swimmers to cover direct operating costs over a 90 day season. The elements of this estimate are as follows: 8