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City Council Finance Committee <br />Meeting Minutes <br />01 /24/22 <br />Page 3 of 4 <br />Jeff Durbin, City Manager, reviewed some of the cost impact of the fire, including <br />discussions on: <br />• Demo Permit Fees <br />• Employee Costs: <br />o Overtime <br />o Employee Appreciation ($220,000) <br />o Mutual Aid reimbursements <br />o Colorado Rangers ($9,000) <br />o Planning Support ($50,000, partially covered by DOLA Grant) <br />o GIG employees (Building and Police) <br />• Public Infrastructure <br />o Security fencing ($100,000) <br />o Increased water testing expenses <br />o Hydrants, signs, pavement patching, cleanup ($4 million) <br />o Future pavement post reconstruction ($4 million) <br />o Street lights <br />o Tree mitigation ($20,000) <br />o Clubhouse mitigation <br />o Insurance adjustment/settlement ongoing <br />o FEMA reimbursement 75% CO match 12.5% <br />• Debris Removal <br />o Louisville share of $50 million = $3 million (awaiting decision on ful <br />funding from FEMA) <br />■ Funding of foundation removal <br />• Goal: Louisville wants to be in a position whereby property owners are in <br />a position to begin construction within 6 months (DR complete and permit <br />issuance available) <br />• 2022 Capital Project evaluation/prioritization <br />• Business survey <br />As part of the discussion, City Manager Durbin and Lisa Ritchie, Interim Planning <br />& Building Director, discussed the City's intent to waive Demo Permit Fees and to <br />provide additional information at a later date. <br />STAFF REPORTS/UPDATES/DISCUSSIONS <br />Update on 2023-2024 Biennial Budget Process <br />The budget calendar and the Capital Improvements Plan request documents can <br />be located in the packet of the January 24, 2022 Finance Committee Meeting. <br />5 <br />