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$48,920, and 2) a projection of 185 residential <br />building permits to be issued in 1988. <br />Mayor Fauson moved that the 1988-1992 Capital <br />Improvements Program be adopted. Szymanski <br />seconded. Unanimous. <br />Mayor Fauson thanked staff, specifically Hundley and <br />Asti-Caranci, for bringing to Council a very well <br />prepared budget. <br />Hundley reiterated the Mayor's remarks concerning <br />Asti-Caranci's efforts and abilities and the <br />efforts of all of the Department Heads and their <br />staff. Hundley also thanked Council for the time <br />they spent in deliberations during Budget Work <br />Sessions. <br />ORDINANCE #939 - SALARY STRUCTURE - 1ST READING - <br />SET PUBLIC HEARING Rautenstraus read by title only Ordinance #939, "An <br />Ordinance amending Title 2, Chapter 2.68 of the <br />Louisville Municipal Code concerning grade <br />classifications, and salary structures." Permission <br />is being sought to ;place the Ordinance out for <br />publication and a public hearing set for November 5, <br />1987. <br />Asti-Caranci stated that in 1986 the City retained <br />A.S. Hansen, Inc. for assistance and guidance in <br />developing and implementing a competitive and <br />equitable pay system for compensating employees, <br />based on the results of the study, it was Council's <br />desire to compensate the City employees at a compa- <br />ratio of 1.00. This would indicate that the average <br />employee is paid at the midpoint, which represents <br />the competitive pay level the City desired. This <br />was to be accomplished over a period of three to <br />four years. In order for the City to continue to <br />maintain its pay system, the salary structure for <br />1988 should be adjusted 2.5~. Ordinance No. 939 <br />outlines the salary structure that was developed <br />from the 2.5$ adjustment. By adjusting the salary <br />structure by 2.5$ coupled with the budgeted 3.5$ <br />average growth rate in 1988 salary increases, the <br />City would move from a compa-ratio of .94 to a <br />compa-ratio of .98. <br />Mohr moved that Ordinance #939 be placed out for <br />publication and a public hearing be set for November <br />5, 1987. Mayor Fauson seconded. Unanimous. <br />ORDINANCE #940 - ANDERSON ANNEXATION #1 - 1S7C READING - <br />SET PUBLIC HEARING Rautenstraus read by title only Ordinance #940, "An <br />Ordinance annexing t:o the City of Louisville, <br />Colorado, a parcel of property of approximately .010 <br />7 <br />