City Council Minutes 2022 10 03 - Laserfiche WebLink

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City Council Meeting Minutes October 3, 2022 Page 6 of 8 Councilmember Dickinson agreed and asked that the events in town showcase a diverse and inclusive community as part of our EDI efforts. Councilmember Fahey stated she supports the funding but noted all boards and commissions would like additional funding. She asked if this could be done as a budget amendment later when we know better what the fire impacts will be. Mayor Pro Tem Maloney agreed with Councilmember Fahey. He asked if increases where made here what might need to be decreased. City Manager Durbin stated that if this is a priority for Council staff will figure out where find the money. Councilmember Most stated she would like to see the target reserves be higher than the minimums. That funding may be needed for continuing climate disasters. She doesn't think the minimum reserve is enough in an emergency. She stated we might want to plan for higher insurance increases in the out years. She asked if the Recreation Center replacement schedule is too aggressive and if things can't be held onto longer. Councilmember Dickinson agreed we should have higher reserves to be prepared for a catastrophe. Councilmember Brown supported higher funding for the LCC. Councilmember Leh agreed. Mayor Pro Tem Maloney stated it is important that we have a balanced budget and the Council will have to make that happen. He noted we still don't know what we are getting for reimbursement for the fire and we have to make sure the long term numbers come in above the required reserves. He has concerns about bringing that into balance. Councilmember Leh also noted the need to plan for higher insurance costs. Mayor Maloney reviewed the comments asking staff to bring back options for an increase in funding for the Cultural Council and more information on the Recreation center renewal and replacement. He also noted the Finance Committee will have to address reserve issues on its work plan. Councilmember Brown left the meeting at 7:32 pm. EXECUTIVE SESSION PENDING LITIGATION (Louisville Charter, Section 5-2(d) — Authorized Topics — Consultation with attorneys representing the City with respect to pending litigation, and C.R.S. 24-6-402(4)(b) for a conference with attorneys representing the City for the purpose of legal advice on specific legal questions concerning pending litigation, specifically Rocky Mountain Gun Owners, et all v. The City of Louisville.