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6/18/84 Page -10- <br />So the trade-off, he thought the Council <br />has here is to make a determir~ation whether <br />we want to use that money to buy the reser- <br />voir land whenever, and however we have to <br />do it. Whether it be outright purchase, con- <br />demnation or whatever would be necessary to <br />get it. Therefore, the trade-off is do <br />we want to spend our money or get it free; <br />and at the same time essentially have our <br />omen space policy as in our comprehensive <br />p:Lan technically violated. To him that is <br />the issue we are looking at not necessarily <br />those of working out streets or pump stations. <br />One thing that is also important here is <br />that Council cannot take the money we save <br />for buying land for the reservoir and spend <br />ii: anywhere else but on the water system. <br />Wf~ could but we have policies that money <br />collected for building our water system up <br />or buying water rights is to be spent on <br />that. <br />Fo Farland, Representing Si~ated that he had been listening to the <br />the Heirs of the Property conversation and would clearly like to <br />si_ate what he felt were the benefits to <br />the City. One - as a taxpayer, he thought <br />that anytime you can avoid any tax dollars <br />to buy something that can be acquired without <br />having to spend the tax dollars is a definite <br />plus. He felt that one of the other examples <br />that needed to be recognized is that <br />total housing is available with the exception <br />of a few right now under construction or <br />planned for Louisville, which appears to be <br />smarter homes. This proposal presents an <br />opportunity for the City to get approximately <br />30 high income quality homes that will bring <br />the kind of people that need to be brought <br />into the community. The City has an in- <br />dustrial park, that is being developed and <br />the City is trying to attract people into <br />tYiat area and Louisville does not have the <br />housing to attract that category of manage- <br />mE~nt. When you start talking about $250,000 <br />to $400,000 homes, you are not also creating <br />an economic burden to the City. He felt <br />the pluses are, and they had gone to the <br />City of Boulder and he talked with Mr. Crain, <br />and the part-~of the land that they were look- <br />ing at as green space is included in this <br />1<rnd. Mr. Farland felt that the word ex- <br />change was important - the City would get <br />