City Council Agenda and Packet 1979 12 18

Home Browse Search

Helart Park: Installation of an irrigation system, and blue- grass seeding (play equipment and the walks art installed nom) $14,000 Cottonwood Park: �lete the parking lot area, asphalt and curb 17,000 gutter. Lake Park: Drainage improvements (first year of a five year program to improve the errosion problem below the outlet of Harney Pond and to dredge the pond) 10,000 Sewage Disposal Area and City Entry Nodes: Plant material installation, sign construction seeding and sod and automatic irrigation systems. Entry Nodes: 1 Pine and Highway 42 H.E. Corner 2 South Boulder Rd. and Kennedy 3 County Rd. and Front (land acquisition necessary) 11,400 TOTAL.}14f1700 The third category of capital projects is miscellaneous. The first item is the street tree program. The 1980 street tree areas for planting will include South Boulder Rd., Cherry Street (Delaney), Highway 42, Via Apple, Main Street, and several other streets to be determined as funds become available. The only other project that has funds budgeted in 1980 is the Louisville Community Center. In 1980 $250,000.00 is budgeted for a portion of the planning and architectual fees. (funds donated by Jack Jacobs B Co.) As you may be aware the project as presented to planning Commission and Council, is estimated cost approximately 6.4 million dollars. (The current inflation rate on this project is approximately $900,000/year) At present there is only one method available to the City for financing this large of a sum of money, lease purchase. The City of Louisville would have to increase the mill levy signficantly, (min. 20 mill increase) if a bond issue were used as a method for financing the Center. During recent months the point has been made that an election would be held to determine if the Center would infect be built. Timing of the election must be solely dependent on the opening of the Centennial Valley Mall and the subsequent receipt of sales tax that would be used for the lease payment. As you can see the scope of the capital project for 1980 is quite large in terms of dollars as well as wide spread impact on a variety of areas and neighborhoods in Louisville. The fundamental thought that should be kept in mind is that the general economy and the housing industry (purchasing of building permits) totally control the actual construction of the projects that have been approved by City Council in the 1980 budget.