City Council Minutes 2020 02 18 - Laserfiche WebLink

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City Council Meeting Minutes February 18, 2020 Page 3 of 18 the agreement as proposed which include payments of 25% of the TIF revenues on the original mill levy and payments of 100% of the newly approved 3.9 mill levy. She noted the LRC has already budgeted for these payments in 2020. Payments would be collected through the end of the TIF with the last payment in 2034. She also noted the agreement identifies that these payments are subordinate to early agreements. John Willson, Fire Chief from Louisville Fire Protection District, stated there are two questions for consideration with the agreement. The first question is will the City pass through the 3.9 mill levy increase that was just approved by voters for the Fire District; and will the LRC share back 25% of funds from the original TIF agreement. Willson stated response time is key for the district and the recent mill levy increase will improve response times as the additional revenue can be used for a second, full-time engine crew; recruitment and retention of employees; and replacement of emergency equipment and apparatus. He noted the increase in workload the department is facing. He noted this agreement does not guarantee a revenue source and will require annual approval. He noted the original creation of the Urban Renewal District did not consider payments to the Fire District. Public Comments Susan Loo, 1020 Willow Place, stated property tax is more stable that sales tax so a loss of property tax to the City has an impact. She stated the agreement with the County has a cap which this agreement does not. She stated the Council has no legal obligation to fund the Fire District and this would be taking money from the LRC and revitalization efforts. Councilmember Lipton stated the LRC is looking at recalculating its budget to take into account expired PUDs and uncompleted projects; that estimate will be based on actual building permits so we know if the LRC budget is overstated. The LRC is not awash in money but is developing good revenue sources but not to the extent we may have once thought we would have. The LRC is now gaining traction on revitalization and infrastructure in the area and there are lots of projects to spend it on. Mayor Pro Tern Maloney stated Council strongly supports the Fire District. He noted the LRC budget did have a placeholder for these payments if the ballot issue did not pass. He added the list of items the district wants to spend this on is the same list as what was used for the ballot issue. He stated he is having a hard time supporting this as the mill levy increase was approved and the LRC has its own uses for the funds. Mayor Stolzmann stated she favors the resolution. The voters clearly support the Fire District and voters thought the increase in the urban renewal area would go to the District not the LRC. It is important to give the new mill levy to the District and she supports giving