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7•.its -'12 -77;71F_ /r ..,-.i iF <br /> The psentatiod Medley iaCluii , , . f <br /> r'e <br /> :of area city's rill' lei .sa1s --ta& ' •',,• . <br /> tax. An ifpl►pa4�Ai of where pt t7. • <br /> • :. .. <br /> go and bow they are r*nt1y .,us 4. w <br /> presented by Stin4l.y. .It left _ Y ', _; <br /> reoossaessdat1ois that this monies g ' <br /> this PrelPsad I Mtn Seas v0u34..bis. r <br /> Cap*. imprceasseat Projects.. fr: . •4 *-- <br /> . . . <br /> City has a 20 sale. tax and tax.r - . <br /> Iundiey stated that if the City is unable pee fis:t • <br /> an alternative way to obtain additional r *mater. - <br /> the City will be totally reliant on the bui4404-.. <br /> industry. "Inherent in that are three prob►1eesu ' <br /> with this dependency -- 1) as the bui.ldini <br /> industry goes up and down, so goes our ability to <br /> get projects and needed improvements aoaoiplisbed, <br /> 2) every dollar that goes for capital i cc's th - <br /> which benefit all City residents, oases only from <br /> new residents -- from building permits that new <br /> residents are paying, 3) this has cause a.higher <br /> development fee than you would find elsewhere. It <br /> is incumbent that new development pay its own way, <br /> it is also important for the City as a whole to <br /> pay for those projects which benefit all City <br /> residents.° <br /> Mayor Meier opened the Public Searing and <br /> 1Rautanstraus reed in its entirety, Resolution f10, <br /> Series 19$S, 'h Resolution adopting the Public <br /> Disclosure Procedure to increase Property Taxation <br /> payable within the City of Louisville under the <br /> Colorado Revised statutes.• Pautsnetraus stated <br /> that proper notice was published in the Louisville <br /> Times and the boulder Daily Camera. <br /> Thirteen (13) residents spoke out in opposition of <br /> the property tax increase/ one (1) resident spoke <br /> in favor. Among concerns of those residents <br /> speaking in opposition to this issues 1) the <br /> purchasing of open space as opposed to acquiring <br /> it by other means: 1) budget management, i.e., <br /> finding alternative sources of revenue b <br /> aggressively soaking industry, business, s. 1) <br /> c <br /> philosophise of Council ooncerning grwthc jrsoMis° <br /> y have ac ed the f iaanoial strain.the � <br /> e:p,ri.aoisg 4) the increase may 'take ► ,t, .,' <br /> attraotive ssa of development aa4.. ie <br /> locating. is Louisville; Si the 01004404 . <br /> by tDe proposal__ mould not `trr <br /> t ca rsem! i sitaatioes as4-cps t . <br /> long-tars solution'. <br /> . . . J !. - <br /> In favor of the proposed property tab ta+Rel►r.-w <br /> th <br /> Pat Sor*bost.1, stated that e 'patsy <br /> c O.r <br /> , A ,�� •- <br /> 4 r ♦ , • •Ja.' <br />