City Council Minutes 1984 09 04 - Laserfiche WebLink

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9/4/84 Page -7- was a combined thing where the assessment fees went down on an annualized basis. But that is based upon everybody coming on board. That is based upon the builders selling their homes and having that additional revenue. He was trying to determine what the existing property owners in Louisville are expected to pay percentage wise on previous commit- ments already made by Council, i.e. for these homes and for the addtional water treatment facilities, sewage facilities, etc? What does Council expect the existing home- owners to pay for this added growth to the City? Do we know? Councilman Leary Stated it appeared to him that most, under these scenarios, is close to saying existing residents are going to roughly pay for only the improvements that are not growth related, i.e. repairing Louiiville Reservoir, which will cost a few million dollars. It is primarily serving existing residents since it is beyond its capacity now. Mr. Allen .commented if Council is going to have to market a bond issue in 1985 - is that bond issue going to be voted upon by part of the public? Mr. Leary stated that the bond issue is proposed for 1989-1990 and theoretically that decision will be made then. By law water or sewer bond issues do not require a vote, but Council can make a decision to have one. Alternative Cash Flow Councilman Leary moved, Councilman Luce Scenario #8-6 seconded that staff be directed to work on an #8-6 Alternative Cash Flow Option and also to enter into discussions with the developers to see what is feasible and what we can do. Base number of 200-250 pre- payment of water tap fees to be considered in discussion. All in favor. Motion carried unanimously. John Alshuler requested that developers be given a copy of the new scenario before the study session. TOUISVILLE WASTEWATER TREAT- Councilmembers had a copy of the letter from ;NT PLAND - RMC'S LETTER Rocky Mountain Consultants on the plant tiND STATUS REPORT capacity and recommended time schedule for processing the plant expansion.