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City Council Minutes 1992 02 04
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City Council Minutes 1992 02 04
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Last modified
3/11/2021 2:31:34 PM
Creation date
7/28/2005 11:09:55 AM
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City Council Records
Doc Type
City Council Minutes
Signed Date
2/4/1992
Original Hardcopy Storage
2E3
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CCMIN 1992 02 04
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space and create a park that our <br />citizens have requested and we've <br />spent a good deal of time <br />discussing. We have to create the <br />financial vehicle (sales tax <br />revenue) that we have to have. I'm <br />totally opposed to the Pow Wow <br />Grounds being a part of these <br />discussions. <br /> <br />Mayer: <br /> <br />If you look at the agreement, it <br />specified that the County would <br />provide at least 50%. If you look <br />at the County open space purchases <br />over the past half decade, <br />Louisville has not done very well by <br />the County. Given the importance of <br />this piece of property, the County <br />has a moral obligation to come up <br />with a lot more than 50%. We should <br />investigate that. <br /> <br />Hornbostel: <br /> <br />We've just now built KMart and King <br />Soopers and we have no idea who's <br />going to stay in business and who's <br />going to be there. The only way <br />you'll get the revenue is from <br />retail, office space won't do it. I <br />have a real problem with Lafayette <br />wanting to split the sales tax, when <br />we're providing the police and other <br />services. <br /> <br />Brand: <br /> <br />The split of the funds would come <br />after we have acquired, developed, <br />and maintained the park, including <br />police and maintenance crews for the <br />park. If we could do these 123 <br />acres, the funds from that would buy <br />the 600 acres that are remaining and <br />that's what we've talked about all <br />the time. No other strip <br />development. Just the development <br />limited to that corner and not all <br />of that. A minimum of 40% of that <br />will be devoted for the first <br />regional park, about 50 acres out of <br />the 123 acres. The whole thrust of <br />it was to get a regional park to <br />alleviate some of the immediate <br />needs and to have a funding <br />mechanism to acquire that 600 acres <br /> <br /> <br />
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