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what we plan on zoning and annexing, <br />and what the City of Louisville in <br />general is going to look like in <br />terms of housing stock, commercial <br />and retail. Every house that we <br />build now is a house that is not <br />paying its way completely. I agree <br />that we need to do a rate study, but <br />I don't believe that after several <br />months of rankling this subject that <br />we can afford as a city to continue <br />on another four or five months of <br />not being able to pay our way. <br /> <br />Susan Griffiths, City Attorney, stated that she read through the <br />letter (SEE ATTACHED) dated November 13, 1992, to Steve Wilson from <br />Ronald McLaughlin of McLaughlin Water Engineers. In the letter Mr. <br />McLaughlin relates a summary of Tom Phare's logic for the increase. <br />She stated that the letter concludes that McLaughlin didn't believe <br />the analysis was complete or supportive of the increase. She asked <br />Phare if he had read the letter and if McLaughlin's summary is an <br />accurate summary of Phare's views with respect to the increase. <br /> <br />Phare: <br /> <br />I've had a chance to read it. I <br />wouldn't call it accurate in that it <br />was not offered as a justification <br />or a rationale for a rate structure. <br />It was offered as background <br />information regarding economic or <br />financial data (INAUDIBLE). <br /> <br />Griffiths: <br /> <br />Have you had the opportunity to <br />generally review the proposed rate <br />increase? If you have, is it your <br />opinion that the current and future <br />costs of the City water utility <br />warrants an increase to $7,500.00 at <br />this time? <br /> <br />Phare: <br /> <br />Definitely. <br /> <br />Sisk: <br /> <br />I personally am persuaded to support <br />a figure much higher than $7,500.00. <br />I think $7,500.00 is too low an <br />amount. I would like us to ensure <br />the fact that we will re-examine <br />this issue. When this ordinance was <br />originally discussed in June or <br />July, since then approximately 200 <br />building permits have been issued. <br />It has already cost the citizens of <br />Louisville $200,000.00+ to study <br /> <br />16 <br /> <br /> <br />