Laserfiche WebLink
L <br />City of Louisville <br />/'- Main Street Louisville, Colorado 80027 666 - 6565 <br />October 25, 1978 <br />TO: THE HONORABLE MAYOR & CITY COUNCIL <br />CITY OF LOUISVILLE, COLORADO <br />Gentlemen: <br />Submitted herewith is the proposed Budget for the fiscal <br />year 14 The specific requirements of the State of Colorado re- <br />lating to Municipal Budgeting have been met by tht5document as pre- <br />sented. <br />Provision has been made for all bond and interest payments as <br />well as obligations relating to land payments and the leasing of <br />vehicles, equipment and buildings. The debt position of the <br />City <br />is detailed and summarized in the budget. The General Obligation <br />Bond limit is set by the State of Colorado at three (3) percent of <br />the C ity' s actual valuation, which for the budget year 1950 is <br />f I, 574,?oo l S 7 0 <br />$.3.3, a,S5. Z0.0 permittinga debt limit of rl nt 1-1 <br />Y ,-�-�s.r-y after deducting <br />the amount outstanding on the Pool Bond issue which is $4O,OCO, we <br />7o? <br />have an available debt limit of ;, 1. Water and Sewer Bonds do <br />not apply to this limit. <br />