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Referring to the economic aspects of changing <br />environment, Hundley related that during the last <br />three years, Lafayette has made great studies in <br />developing retail/commercial competition for <br />Louisville. Indeed, between 1984 and 1985, their <br />per capita sales tax collections doubled from $36 <br />to $75 per capita. A major reason for this <br />increase has been the availability of <br />significantly-sized parcels of commercially zoned <br />land in major traffic corridors. In 1985, <br />Louisville's sales tax collections fell 21$ from <br />$836,057 to $689,165. This drop came not just <br />from STC's problems, but also from sales <br />leakage/loss to Lafayette. Louisville had no new <br />areas of commercially zoned land in high traffic <br />areas. <br />Hundley stated that in 1985, Superior changed its <br />comprehensive plan and submitted a PUA which <br />changed the Biella/Menkick Property on the south <br />side of U.S. 36 from agricultural/open space to <br />commercial. With this in mind, the City of Louis- <br />ville has no assurances as to the quality of <br />development on the south side of U.S. 36 which <br />could have the affect of reducing the <br />marketability of property on the north side of <br />U.S. 36 now within the City of Louisville. The <br />City of Louisville currently has stringent land <br />use regulations, PUD guidelines and design guide- <br />lines controlling the character and quality of <br />development within its jurisdiction. "Can the same <br />be said for the Town of Superior?" <br />In conclusion Hundley stated that it should be <br />clear to any reasonable person that the issue is <br />not whether to develop the Biella/Menkick <br />property, but rather, who is going to develop it. <br />Should the City of Louisville, which currently <br />provides sewer services to the town of Superior <br />and has an agreement to provide water services, <br />who, along with Homart Development Corporation, <br />entered into an agreement with the Highway <br />Department to spend $3.5 million for improvements <br />to the interchange, and who has the land use and <br />development regulations capable of ensuring <br />quality development develop this property or <br />should Louisville be so magnanimous as to enable <br />the town of Superior or the City of Broomfield to <br />develop it and exploit its potential. Given the <br />Louisville City Council's priority goal of <br />improving Louisville's economy Hundley would argue <br />that the Louisville City Council has an <br />opportunity to move toward reaching this important <br />goal by seriously considering tonight's annexation <br />request. <br />4 <br />