City Council Minutes 1992 11 17 - Laserfiche WebLink

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subdivision, but still within Louisville? As long as we're doing the open space dedication, I think we need to include...we passed a resolution dealing with what kind of open space we would accept and I think it would be important that some language to that effect needs to be included in this section. I'm really wondering if we shouldn't adopt this ordinance, but delete the changes to the open space dedication, so some of these things can be corrected. Mayer: It has been the intent all along for the land dedication to apply to residential. There are a couple of inaccuracies in the letter (McLaughlin's) that should be corrected, on page 2, number 4 (SEE ATTACHED). I want to re-emphasize that both in the studies that Mayor Davidson did and I did, we used the actual cost of the bonds. We did not use any "rule of thumb". The letter goes on to make the point that a user coming into the City assumes the debt. What this doesn't mention is that those residents coming into the City also assume parts of the water system which they will use, which are currently free and clear, which is the other side of the coin that is not mentioned here. For instance the pipeline that goes to the north treatment plant from Eldorado Springs, those were paid many years ago and everyone in the City, including new residents, benefits from those. I really believe that this letter does not tell the full story. I think the $7,500.00 is completely justified. Davidson: The only thing that we're really asking people to pay for in water tap fees is the new debt for the water plant that we're building for them and the water. We're not asking them to pay for the old one. 18