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- • ;T5.---•'fir <br /> r• • <br /> . 1 • <br /> under the Statute, it must have an election in <br /> October. In order to stay on that time table, tote ' <br /> members of the Authority rust in the next two to <br /> three weeks approve the organisational document. • <br /> After that is done, a financing study will- be <br /> completed and will be made available to all of the <br /> members. And additional hearing of this type :an <br /> then be held specifically on the financing <br /> recommendations. We don't even know yet whether ' <br /> the Authority wants to recommend some of the <br /> things that the Statute allows. We aren't to that . <br /> point yet." Williamson reiterated that 0441.., <br /> Apretm en't .&v s. not speak to the i.sau• 4' 4r <br /> . Vi21 home at 0, •�Fi. % <br /> .14mtAf,�it� i ^,'.0 <br /> di* anises spoke in fit of the hl erMrYf {•'- r' ti <br /> the cats made were 1) the highway i.oul br • .;. " <br /> monodic growth to Louievi l le, 2) the need 'to . <br /> reduce traffic congestion on V.S. 34, and provide : r <br /> a route to the airport without going through tbv, ,; <br /> City of Denver, 3 ) encourage tourism, and 4) %' <br /> relieve auto exhaust from idling automobiles. <br /> Mayor paused commented that financing is not the . <br /> issue tonight. 'I don't want my taxes going. up )t <br /> either and I would like to hear more on W-d '. . . <br /> before I make my decision...• Mayor Pause* asked <br /> Mr. Wurl to speak to some of these concerns and <br /> Louisville ' s ability to withdraw from the <br /> Authority at any time. <br /> Kr. Wurl stated the study regarding financing has <br /> been an ongoing endeavor and will be completed in <br /> the near future. A financing plan will be <br /> submitted to the individual members of the - <br /> Authority. After each City's review and hearings, <br /> each entity can decide whether to commit to that <br /> plan or 'bail out.' Mr. Wurl stated that the <br /> actual development of the financing plan is going <br /> to be done by the members of the Authority and <br /> therefore have the opportunity to have input on <br /> the plan. <br /> Kr. Wurl directed comments to questions raised by <br /> the public. the four types of taxing mechanisms <br /> that would require a vote of the people are 1) am <br /> annual motor vehicle registration fee of not more <br /> than 810, 2) a sales and/or use tax not to exceed <br /> 4/10ths of one percent, 3 ) a head tax not to <br /> exceed $2 monthly from each employ** and $2 per <br /> month for each employer from the employer, and 4) <br /> the formation of improvement districts. The only <br /> two items that can be imposed without a vote o <br /> the people are the value capture or tax increment <br /> limited to 251 of the increase in value and the <br /> 3 <br />