City Council Agenda and Packet 1988 05 17

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freeway such as M-470. Roth those fsctos.s well within our gaols as a City Council. ? %.;A are some major concerns that the citisens at. Louisville have and that I have and they relate 'i . 4 the financing of the freeway. And there are some facts that I think are isportant to make clear. First, no property taxes can be assessed without the votes of the people within the District of the freeway.' *The Authority won't have the ability to say we're just going to levy a property tax. There is the ability to assess • Specie /. .°7 Improvement Tax. What this weans is snytime your add an improvement to the City, those isprovements, ti will be taxed. The theory behind this is �i,�r` because the freeway stiatlat*s economic , ':z that that economic growth `7 areaway and It sekse.�t -lot of as�i .�. ' CO-. You p'�y,•' , sow,r�0•. :•r taxed. 'Motu** we participate ig", ... - Aut ity, we can help diotet# the strw vxb 4!" ...... the a freeway end where the oa and off ramps will gain and how we rill pay for the freeway.• "It doh �.. not jeopardise our citise*S in any way t. financially.* Sackett stated methods of taxatior that don't require public vote are based oo the theory that people who benefit from the highway .,, should have to pay for the highway. dusinassas -- that succeed because of the highway should tame t1 ` - pay for the highway. If these taxation method* ' are used, people currently living in Louisville will not be affected by the highway in the form of taxes. Mayor Fausoa commented on Sackett's reference to the City's dependency on growth dollars stating that although Louisville would be affected if growth did not occur, the City could survive. Anderson stated that if ii- 470 is built *ow, the displacement will be minimal. Atlanta is an example of where beltways, transportation and the airport caused positive economic growth. Anderson stated that he too would vote schools Owed of everything *lee. However, it is in the City's best interest-. to regain a voice in the Authority and wait for the financial report to be completed before dcsiding on whether W-470 is feasible. In response to a question by Carnival, Marl outlined how the Authority was form stating that people in the public and private sector ],00hed to answer questions regarding the need for a highway, where should it go aad bur to implement a plus eo S