City Council Minutes 1997 12 02 - Laserfiche WebLink

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that the new high school's name should be Monarch. He stated that this truly misrepresented the three of them. He encouraged the citizens to continue making the phone calls to the School Board members in favor of naming the high school Louisville High. Lathrop reviewed the tape of that School Board meeting. He commended Howard for his presentation and his demeanor in the way he represented the City. He also took exception to some of the comments that were made which he would address those to the School Board in a letter. He felt this issue had gotten so far out of hand, out of context, that the School Board is looking at an issue that should have been a non-issue. REGULAR BUSINESS 1998 BUDGET - PUBLIC HEARING (PUBL. LSVL. TIMES 11/29/97) Dianne Ray, Finance Director, reviewed the Budget, stating the mill levy of 5.246 will remain the same for 1998. The Sales Tax will increase 4.6% for 1998, putting the Sales Tax Budget at $6.8 million. For Intergovernmental Revenue there are total police grants of $188,000; Development Revenues were projected at 44 single family homes and a total of about $1 million over what the City's 1997 projections were for development revenues and taxes; Water and Sewer fees, unchanged; Water Assessment fee will be dropped from $6.65/month to $6.1 O/month to be phased out over the next four years to zero in the year 2002; Transfers, $650,000 will be transferred from the General Fund to the Capital Projects Fund; Personnel - the City will be adding two new police officers contingent upon grant funding, a net decrease of FTE's of 1.19, a market adjustment on the salaries of 2.5%, a pro-rated increase of 4% merit increase, and total personnel costs that had increase by about 4.1%. On the General Fund, $15,000 to the Historical Museum improvements; increasing support to the Arts and Humanities; increasing the Regional Communications Center by $10,000; participating in the Boulder County Household Hazardous Waste program; increasing the Library subscriptions and books by $10,000; participation in the Boulder County Youth Corp. for $15,000; increasing recycling fees; maintenance cost for the Lastoka property; additional costs for maintenance of parks and weed control; additional Police Department vehicles and equipment, increasing of the 1997 level by $94,000; Recreation Center upgrades and improvements of $68,000; Conservation Trusts/Lottery Fund - the money, $300,000, budgeted for the South Boulder Road underpass in 1997 will be rolled over to 1998; money was set aside for the Daughenbaugh property for open space use. In the Capital Projects Fund street improvements up $300,000 from 1997, $1.3 million; Cherry Street Design Phase budgeted in 1998 with construction in 1999; Downtown improvements, including the 600 block of Main, $413,000; and Gateway, landscape, trail improvements, and new trails. They budgeted the full amount of the Use Tax that they projected as collected, but not yet paid for school improvements of $508,000; Via Appia pedestrian underpass design was budgeted at $40,000. A cumulative reserve was set aside for debt reduction of $200,000 and for community park development of $300,000; Water Utility Fund, early debt retirement in 1998 of $5.5 million to retire the 1989 bond; the Water Rights acquisition was budgeted at $425,000; the City budgeted the refund of one mill levy as part of the agreement in going into the Northern Colorado Water Conservancy District; and Sewer Utility Fund - plant expansion at $2.4 million.