City Council Minutes 2008 08 05 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes August 5, 2008 Page 4 of 14 very lengthy process for the City Staff and the accounting firm. The Finance Department will continue to look at the City's assets. Mayor Sisk asked Ms. Swanhorst to address employee benefits, which are fully funded by the City. Ms. Swanhorst stated the City has taken the necessary steps relative to the City employees' retirement benefits. Those employee's retirement benefits will be reflected in the City's books. Mayor Sisk asked Ms. Swanhorst to address the City's bond rating compared to other cities. Ms. Swanhorst stressed the importance of the City's reserve policy and the fact the City does not violate the policy. She noted the City's fund balance is very healthy and the bond rating is high. Mayor Sisk stressed the importance of the budget and the financial audit. Councilor Ron Sackett was impressed with the overall audit, however expressed his concern over the golf course deficits and suggested the issue be discussed at a study session. Mayor Sisk stated the Coal Creek Golf Course Management Team met with the Finance Committee at their last meeting. He noted the golf course bonds would be paid off in 2012. ORDINANCE No. 1537, SERIES 2008 - AN ORDINANCE AMENDING CERTAIN SECTIONS OF TITLE 10 AND TITLE 17 OF THE LOUISVILLE MUNICIPAL CODE TO REVISE THE CITY'S REGULATIONS CONCERNING THE PARKING, STORAGE AND USE OF MOTOR VEHICLES, RECREATIONAL VEHICLES, TRAILERS, DUMPSTERS, ROLL-OFFS AND PORTABLE STORAGE UNITS - 2"d Reading Mayor Sisk requested a City Attorney introduction. City Attorney Light read Ordinance No. 1537, Series 2008. Mayor Sisk requested a Staff presentation. Planning Director Paul Wood explained two study sessions were conducted relative to the subject in 2007, which lead to the repeal of provisions pertaining to the storage and parking of trailers on private residential lots. In March of 2007, the City Council expressed their desire for a new ordinance to address the extent private property owners would be able to park and store detached trailers, campers, and boats on private residential lots. City Council conducted a public hearing on the ordinance on June 17tt' and continued discussion to July 1St for the purpose of incorporating two specific second reading amendments into the ordinance. The changes reduce the number of regulating criteria from nine to five. The amendments are as follows: