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City of <br />Om Louisville <br />COLORADO • SINCE 1878 <br />City Council <br />Utility Committee <br />Draft - Meeting Minutes <br />Friday, February 2, 2018 <br />CITY COUNCIL CHAMBERS, CITY HALL, 2nd FLOOR <br />I. CaII to Order — Jay Keany called the meeting to order at 2:00 pm. <br />II. Roll CaII was taken and the following members were present: <br />City Council: Jay Keany and Ashley Stolzmann <br />Absent: Robert Muckle <br />Staff Present: Heather Balser, Kurt Kowar, Kevin Watson, Cory Peterson and <br />Graham Clark <br />Public: None <br />III. Approval of Agenda: Agenda approved as written. <br />IV. Approval of the Minutes: The meeting minutes from January 19th were tabled to <br />the next meeting. <br />V. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA: <br />None <br />VI. 2018 Utility Rates & Recommendation <br />Mr. Peterson provide an overview of the Financial Rate Model. The Utility <br />Committee held an in depth discussion with a question and answer section on <br />how the model functioned and the various inputs. These discussions resulted in <br />the following recommended modifications: <br />• Adjusted the inflation numbers for the recurring payments specifically <br />related to water and sewer line replacement line items. <br />• Continue to evaluate alternatives to large cost projects for possible less <br />expensive options. <br />• Consider consolidating projects to take advantage of bonding/loans. <br />City of Louisville <br />City Council 749 Main Street Louisville CO 80027 <br />303.335.4608 (phone) 303.335.4550 (fax) www.ci.louisville.co.us <br />3 <br />