2014 Annual Comprehensive Financial Report

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of approximately 7.9 square miles and a population of approximately 20,000. The City's residential growth peaked in 1992, then remained fairly steady through the 2010 census, and then picked up in the past several years as the last large developable parcels build out and the City nears the target population of about 23,000 that is reflected in the City's Comprehensive Plan. There is significant activity on the commercial land available in Louisville as the City is strongly influenced by the U.S. Highway 36 corridor from Denver to Boulder, proximity to nearby national laboratories and universities, easy access to Denver International Airport, and numerous world -class recreational and cultural opportunities. MAJOR INITIATIVES IN 2014 The City of Louisville Home Rule Charter suggests that the City's mission is to provide basic municipal services in an efficient and cost-effective manner and maintain the qualities that make Louisville unique by protecting and enhancing the City's natural, cultural, and recreational resources, and preserving the City's scenic, historic, and aesthetic features through open and ethical government in which every member of the community has an opportunity to participate. Consistent with this mission, in addition to every day delivering services Louisville residents, businesses and visitors rely on, and along with many other projects, City leaders and staff accomplished the following during 2014: • Repaired, restored and reconstructed flood damaged facilities and infrastructure throughout the City, including: o Completely rebuilding Coal Creek Golf Course o Completely rebuilding Coal Creek Trail o Significant repairs on Coyote Run Open Space Trail o Significant repairs on Davidson Mesa Open Space Trail o Completely rebuilding the Eldorado Springs Water Intake Structure (in progress) o Completely redesigning and rebuilding County Road Bridge (in progress) o Significant repairs on Dillon Road bridge (in progress) o Major debris removal throughout Coal Creek and elsewhere o Drainage mitigation around the Golf Course • Updated the City's Building Code to reflect the latest International Building Code • Secured Historic Landmark status for 740 Front Street and 927 Main Street • Purchased the former 1st Baptist Church property and expanded Cottonwood Park • Conducted a detailed evaluation of the City's utility rates and adopted a new rate structure, rates and tap fees • Conducted/Developed a Downtown Parking Study & Downtown Parking Action Plan • Updated the City's Storm Drainage Criteria Manual • Updated the City's Cemetery Rules and Regulations • Completed ADA improvements at the Recreation Center and Memory Square • Secured a $1 million grant for the Wastewater Treatment Plant project • Secured a $1 million grant for the City Services Facility 2