City Council Minutes 2019 09 17 - Laserfiche WebLink

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City Council Meeting Minutes September 17 2019 Page4of8 City Attorney Kelly stated staff took into consideration that the operator registration may be filed at some point but we don't know when, this is a precautionary measure If Council adopts the ordinance imposing the 30-day moratorium, it would be automatic but could be lifted if Council feels it is not necessary Public Comments — None Mayor Muckle stated Option A makes sense Louisville hasn't had an application in 20 years and is not likely to get one, but it makes sense to have it established This sets up a process for Council if and when a registration occurs Councilmember Loo agreed Public Comments — None Mayor Muckle closed the public hearing Councilmember Loo moved to approve Ordinance No 1783, Series 2019 - Option A which includes the automatic moratorium Councilmember Maloney seconded Councilmember Stolzmann felt this provides the protection the citizens would hope for and gives Council time to consider how to proceed Unanimous roll call vote, 6-0 RESOLUTION NO 10, SERIES 2019 — A RESOLUTION APPROVING THE PROPERTY TAX INCREMENT REBATE AGREEMENT WITH 712 MAIN LLC AND 722 MAIN LLC PURSUANT TO THE INTERGOVERNMENTAL AGREEMENT BETWEEN THE LOUISVILLE REVITALIZATION COMMISSION AND THE CITY OF LOUISVILLE — continued from 3/19/19 & 6/11/19 — staff recommends continuance to 11/4/19 Mayor Muckle introduced the item noting the continuation request. Mayor Muckle moved to continue this item to 11/4/19, Councilmember Maloney second All in favor DISCUSSION/DIRECTION — CITY COUNCIL POSITION ON PROPOSITION CC Deputy City Manager Davis stated voters in the November election will consider a measure called Proposition CC Allow State to Retain Excess Revenue for Transportation and Education Measure The measure, if supported by voters, would allow the state to retain revenue above the state spending cap that it is currently required to be refunded under TABOR (the taxpayers' bill of rights) without raising taxes Otherwise known as "de- Brucing", the measure would allow the state to retain and split all future tax revenue above the cap equally between transportation, K-12 education, and higher education investments in Colorado The legislature included a provision in the measure that dedicates 15% of the transportation funding to multi -modal investments The Colorado Legislative Council expects refunds in 2020 of $310 million and in 2021 of $342 million 'If Proposition CC passes, this funding would instead be allocated to transportation and education