City Council Minutes 1992 01 21 - Laserfiche WebLink

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The ordinance will close out some disagreements with Superior for 10 years. This was an enormous task and I want to thank them. Hornbostel moved that Council approve Ordinance No. 1064, Series 1992, at the second and final reading, seconded by Lathrop. Roll call was taken. Motion passed 6-0. ORDINANCE NO. 1065, SERIES 1992 - RAW WATER MASTER PLAN STUDY Griffiths read by title only Ordinance No. 1065, Series 1992, "An ordinance authorizing the City of Louisville, Colorado, to enter into a Raw Water Master Plan Contract with the State of Colorado, Department of Natural Resources, Colorado Water Conservation Board. Tom Phare, Director of Public Works, stated that the Colorado Water Conservation Board has requested that the City of Louisville adopt the agreement by ordinance and change the whereas, in the first paragraph, to site a different body of legislature. We will be getting an interest free grant for three years and a 5% loan for the balance of the loan. He requested that Ordinance 1065 be set for public hearing on February 4, 1992. Davidson called for Council comments. Sisk: What would be the contract loan amount, Tom? Phare: Sisk: It's $48,285.00. Is that the principal amount with no interest? Phare: Correct. Howard: Susan, if we're pledging our ability to increase the mill levy and we're already at the maximum that the mill levy can be by state statute, what does that mean? Griffiths: I would like to review the State Statute and verify that information prior to the second reading of the Ordinance. Mayer moved that Council set a public hearing on Ordinance 1065, Series 1992, for February 4, 1992, seconded by Hornbostel. Howard: I understand for the first three years we are essentially getting an 15