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marketability of the area for jobs, producing <br />basic activities. <br />Wanush explained that this was a community retail <br />center located on the northeast corner of Cherry <br />and McCaslin. The project is approximately 7 <br />acres in size and is the first development on the <br />Homart site. The center would provide 45,000 sq. <br />ft. of retail space and generate an estimated <br />$100,000 - $130,000 in annual sales and property <br />tax revenues to the City. <br />Mayor Meier asked for any public comments in favor <br />of or in opposition to Resolution #27. None. <br />Mayor Meier closed the Public Hearing. <br />Cussen moved that Resolution #27 be adopted. Luce <br />seconded. Resolution #27 was approved unanimously. <br />ORDINANCE #870 - SALARY <br />SCHEDULE - PUBLIC HEARING <br />Rautenstraus read by title only Ordinance #870, <br />"An Ordinance amending Title 2, Chapter 2.68 of <br />the Louisville Municipal Code Concerning Position <br />Classifications, Salary Schedules, Entrance <br />Salary, and Salary Increases." Proper notice of <br />Public Hearing was published. <br />Mayor Meier opened the Public Hearing and asked <br />for public comments in favor of or in opposition <br />to Ordinance #870. None. <br />Hundley outlined the changes in the ordinance: 1) <br />all city employees shall have an anniversary date <br />of January 1; 2) vacant position titles have been <br />deleted flrom the current ordinance; 3) a part-time, <br />temporary and seasonal pay schedule has been added <br />to the ordinance; 4) minimum and maximum salary <br />ranges have not been adjusted. <br />Mayor Meier closed the public hearing and moved <br />that Ordinance #870 be adopted. Johnson seconded. <br />Ordinance #870 passed unanimously by roll call <br />vote. <br />ORDINANCE #872 - <br />LEASE-PURCHASE AGREEMENT FOR CITY SHOPS <br />WITH SECURITY PACIFIC - PUBLIC HEARING <br />Rautenstraus read by title only Ordinance #872, <br />"An Ordinance approving a lease-purchase agreement <br />and a lease of property as security for the <br />financing of the construction of the City Shops <br />Facility." Proper notice of Public Hearing was <br />published. <br />3 <br />