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Rautenstraus explained that by law this ordinance <br />needs to be passed incorporating the lease- <br />purchase agreement for the City Shops with <br />Security Pacific which has been approved by <br />Council previously. <br />Mayor Meier opened <br />for Public Comments <br />to Ordinance #872. <br />Mayor Meier closed <br />that Ordinance #872 <br />seconded. By ro 11 <br />unanimously. <br />ORDINANCE #873 - SCHREITER SUBDIVISION <br />ROW VACATION - PUBLIC HEARING <br />the Public Hearing and asked <br />in favor of or in opposition <br />None. <br />the Public Hearing and moved <br />by approved. Johnson <br />call vote Ordinance #872 passed <br />Rautenstraus read by title only Ordinance #873, <br />"An Ordinance vacating a right-of-way located <br />along the western boundary of the Schreiter <br />Subdivision." Proper notice of the Public Hearing <br />was published. <br />Wanush exlplained that the property owner at 444 <br />County Raad has requested the right-of-way <br />described in the ordinance be vacated. The <br />vacation is necessary for proposed development in <br />the subdivision request (two single family units <br />rather than four condominiums) which will be <br />presented to Council at a later date. Planning <br />Commission recommended approval as did staff. <br />Mayor Meier open the Public Hearing and asked for <br />Public Camments in favor of or in opposition to <br />Ordinance #873. None. <br />Mayor Meier closed the Public Hearing and moved <br />that Ordinance #873 be approved. Cussen seconded. <br />Ordinance #873 was approved unanimously by roll <br />call vote. <br />ORDINANCE #874 - CREATING <br />CIP FUND FIRST READING Rautenstraus read by title only Ordinance #874, <br />"An Ordinance amending Title 3 of the Louisville <br />Municipal Code creating a Capital Improvements <br />Fund and Merging the Service Expansion Fund, Parks <br />and Recreation Fund and Major Thoroughfare Fund <br />into the newly created Capital Improvement Fund." <br />Permissian from Council is being sought to put the <br />ordinance out for publication and a Public Hearing <br />be set for December 3, 1985. <br />4 <br />