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1 � City of Louisville <br />749 Main Street Louisville, Colorado 80027 666-6565 <br />October 7, 1980 <br />Mayor Lawrence P. Caranci <br />City Council Members <br />City of Louisville <br />749 Main Street <br />' Louisville, Colorado 80027 <br />Dear Sirs: <br />' Submitted herewith is the proposed Budget for the fiscal year <br />1981. The specific requirements of the State of Colorado relating to <br />Municipal Budgeting have been met by this document as presented. <br />' Provision has been made for all bond and interest payments as well <br />as obligations relating to land payments and the leasing of vehicles, <br />' equipment and buildings. The debt position of the City is detailed <br />and summarized in the budget. The General Obligation Bond limit is <br />set by the State of Colorado at three (3%) percent of the City's <br />actual valuation, which for the budget year 1981 is $88,072,297 per- <br />' mitting a debt limit of $2,642,169 after deducting the amount out- <br />standing on the Pool Bond issue which is $50,000, we have an available <br />debt limit of $2,592,169. Water and Sewer Bonds do not apply to this <br />limit. <br />The major sources of revenues reflected in this budget are: <br />' 1. Property Taxes <br />2. Sales Taxes <br />' 3. Service Expansion Fees <br />4. Charges for Service Fees <br />5. Construction Permits <br />6. Federal Grants <br />' 7. Water Charges and Tap Fees <br />8. Sewer Charges and Tap Fees <br />t This budget does not provide for many programs, that in my opinion, <br />the City needs <br />