City Council Minutes 2018 09 11 SP

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City Council Meeting Minutes September 11, 2018 Page 6 of 13 modal projects. The Colorado Department of Transportation (CDOT) would be able to sell up to $6 billion in bonds with the tax increase's revenue for statewide roadway improvements while also providing significant new funding for city streets, county roads, transit, and other multi -modal mobility improvements around the state. As outlined above, the City of Louisville would benefit directly from this ballot initiative. CML supports this ballot issue, as does the Metro Mayors Caucus. Staff recommends the City SUPPORT this measure. Councilmember Stolzmann noted this would provide funding for statewide transportation issues including 1-270. Mayor Muckle agreed this will provide improvements throughout the State not just in Louisville. Mayor Pro Tem Lipton felt using sales tax for this was regressive. He asked if there was a provision for maintenance. City Manager Davis noted there was a portion going to state highways carved out for maintenance. Mayor Muckle noted there would be toll lane money going toward long term maintenance. Councilmember Loo moved to direct staff to prepare a resolution for Council consideration to support proposition 110. Councilmember Stolzmann seconded. All in favor. Councilmember Loo moved for Council to oppose proposition 109, Councilmember Stolzmann seconded. All in favor. Other ballot measures: There will be at least six other state -level ballot measures and one local issue that will appear on the November ballot, below are three issues that could directly impact the City. Council may provide direction to staff if there are any other ballot measures that they are interested in taking a position on. 2. Initiative 108/ Amendment 74, Just Compensation for Reduction in Fair Market Value by Government Law or Regulation, Takings This initiative would change the Colorado Constitution to state any government regulation or action that reduces the fair market value of a private parcel is subject to just compensation. The Colorado Constitution and state statutes already prohibit the taking or damaging of private property for public use without just compensation to the property owner. This is important to the City of Louisville, and all local governments, as the initiative would reduce the ability of local governments to carry forth with land use decisions including zoning and building ordinances, would restrict cities' ability to complete or approve capital projects, and would result in an increase in costly and time-consuming lawsuits. CML and numerous local governments across the state oppose this initiative. Staff recommends the City OPPOSE this measure.