City Council Agenda and Packet 2015 10 06

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City Council Meeting Minutes September 21, 2015 Page 11 of 17 Council member Keany stressed streets are high priority for residents. He did not want to see any black (failed) or red (serious) on the maps. Mayor Muckle noted some decisions had been made for other things in years past. He asked to be cognizant of a slow and steady approach. Council member Stolzmann asked for some reconsideration of pushing out some of the neighborhoods and stated some jargon reflects streets are okay, but this is in conflict with how residents view it. She asked the life cycle of chip seal. Public Works Director Kowar responded chip seal Iastsl0 years. Council member Stolzmann asked if there could be a program for getting to each street every 10 years. Public Works Director Kowar noted the system in place is not perfect but is best practice in the industry; the department is willing to evolve. PRELIMINARY 2015 ASSESSED VALUATION Mayor Muckle stated the net assessed valuation has increased in Louisville and there will be more revenue as a result, especially for the Urban Renewal Authority. There is no known number because of the expectation of appeals on the assessments. He suggested leaving this discussion for later. Council member Stolzmann stated when Council adopts the budget, they set the tax level. She felt an obligation to taxpayers to note the assessed value went up by 18 %, but asked the question as to whether the cost of providing service went up a similar amount. Should the tax level be the same, or should some be returned to taxpayers? All the taxing districts have the opportunity to re -look at their mill levy. Council member Keany recalled a conversation in Finance Committee noting part of the increased valuation is new construction, which should come out of the calculation. Then question then becomes how much of the increased valuation is existing property and what has been the cost of living increase. Council member Loo inquired if the mill levy was bumped down it would be okay with residents. Council member Stolzmann noted the City was only one piece of the puzzle. Council member Loo noted the cost of the City doing business is going up and citizen demand is increasing and was in favor of leaving the mill levy where it is. Mayor Muckle echoed the cost of significant parts of doing business is going up. Council member Keany said 14% was new construction. 48