City Council Minutes 1984 02 07 - Laserfiche WebLink

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2/'7/84 Page -11- the revenue loss per household is $317.10, the most current figure from city staff, then our City's replica - a loss of $184,000 pe:r year in revenue. Over the next two years Hunter's Ridge development will re- ceive 249 building permits. They will contribute $80,000 annually to our deficit. In 1985 McStain will receive 238 building permits, adding $75,000 to our deficit. The Ponderosa's 42 building permits for 1985 will add an additional $14,000 deficit annually. Iri a 3 year period a deficit of Revenues Lost by Residential an annual amount of $353,000 is promised Development to the taxpayers of Louisville. Even be- fore Homart receives one of its 1,333 build- ing permits. Over a 15 year period they alone will contribute a total of $457,000 annually in revenue losses if the current plan is not z-epealed. How will this mag- nitude of growth impact the duality of services in Louisville? The quality of life is an issue she couldn't even begin to dis- cuss here. How can more people and less revenue provide and maintain the services we currently have in Louisville? Why is City Council considering and negotiating a ;plan that will further burden current Louisville rE~sidents? Council should be finding a practical tax base for our City. It maybe argued that Homart now owns the land, that wE, are stuck with it, and they should be given the same consideration that the City has given other residential developers. Are they. to begin residential development in Louisville to support a regional shopping center? Are the citizens now expected to allow further_ residential development as if there werE~ to be one? Who is now to make up the loss that was originally promised us? Louisvi le taxpayers? You might then say that/~'v~a~ave lost in residential growth can be made up in our commercial development. She thought this may be true if in fact Homart does begin with commercial development. Mrs. Singer then read some Louisville campaign rhetorics that were circulated locally during the November election. "We must promote the development of our commercial base, with an emphasis on our downtown area". Efforts to expand our commercial t<~x base are vital, but must