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• <br /> the Centennial Shopping Center. The parade balm$•l <br /> at 100 p.a. at Heritage Park and trawls west off <br /> Cherry Street 1/20th of a elle to the Centennial <br /> Center. The parade is expected to last one hour <br /> during which time Cherry Street must be closed. <br /> loth the Police Dept. and the Public Works Dept. <br /> have been involved in the planning for this went. <br /> The *vent' s organisers will pay for police <br /> overtime and Public Works costs. Council is being <br /> asked to approve the temporary closing of Chszs <br /> Street. <br /> Mayor Pauson moved and undersea seooaalfl <br /> • ri$i+Mc. ne tenporary •cloaiOg .o� err Atifc <br /> oad ,t*oa that thei oxgaoisexf. <br /> pep. `"�` �, <br /> - • pafi4.. .owrsr *s* p.sbti, -14hOW Al • '4' ;'! %,‘ <br /> Onanimoue. .,.. f e <br /> RBSOLOTIQM 4410 W-470 SIXCUsTITOTIOS WRSZKRUT - ,• •., <br /> PUBLIC BA*zso Williamson read in its entirety arsaolutioa 010, <br /> Resolution authorising the City of Louisvill*R r <br /> Colorado to enter into the W-470 Righmay kutboritr . <br /> Agreement/ and ratifying action heretofore taken • <br /> in connection therewith. Proper publication and <br /> notion of public hearing were established. <br /> Mayor Pauses opined the public hearing. <br /> Ivan Wurl, Director of W-470 Authority, detailed <br /> the Reconstitution Agreement in sccordsnce with <br /> Colorado *tote Law, Senate sill 270 regarding the <br /> making of public highway authorities. Wurl stated <br /> that he would answer questions of Council or the <br /> public at the appropriate times. <br /> Approximately nine people spoke against adoption <br /> of Resolution fie . The financing of the <br /> construction of W-470, specifically the type of <br /> tax** that could be imposed, was a common concern <br /> among those people speaking against the issue. <br /> Other concerns related to 1) the need for the <br /> highway, 2) whether new jobs would be created by <br /> virtu* of having the highway, 3 ) would W-470 <br /> reduce traffic on D.B. 36, 4) location of proposed <br /> route, and 5) actual cost of building the highway. <br /> One opponent stated: that the most important <br /> question that needs to be answered is what is the <br /> present value of this investment to Louisville. <br /> Williamson asked to make a clarification on what <br /> the Council is being asked to consider in adopting <br /> *wsolutios 61S. The Rsoonstitutios Agreement only <br /> speaks to the organisation of the W-470 Authority. <br /> This sets up their Board, voting powers, a d how <br /> it proceeds. •For the Authority to move forward <br /> a <br />