City Council Agenda and Packet 1992 09 01

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7.) if the tap fees for multi- tamilies are equal to the tap fees for single faailios, suiti- family housing will be virtually eliminated in this community. This raises the question of diversity of housing and population. where do the young people got where do the lose fortunate, that can 't get the high paying jobs go? Affordable housing will become sxtinot, by eliminating any differential in multi - family tap fees, Louisville may be discriminating. Lathrop was very concerned that the discussions had not included the key players, the development community. It Louisville does raise fees, increase land dedication, and building drops dramatically, therm Louisville hasn't accomplished anything. Lathrop asked Council to stop its fee structure at a Ruch lower level. stayer: It Louisville is on the edge, I would like to know why we're on a rate of building 400 houses? We are the fastest growing community in the north Denver metro area, with the exclusion of Westminster. We're building more houses than the City of Mulder, who has a population of more than five tines our size. Diversity of housing is a concern. Y an concerned about overly rapid grovtli, which can be a mask of a problem. When you have a lot of building permits, you can dam up a lot of money in the front end years. Those debts, bonds, bond holders want to be paid 15 - 20 years from now. It we go at anything approximating this current rate, we would be built out in seven years. Our debts go on 10 - 30 years into the future. we are currently subsidizing some of that debt with an assessment fee on the voter /sewer bill. We've had to acquire more well water and build a new water treatment plant. If we've had the high lees, where are the new parks? A new park hasn't been built in 10 years. We're building 35 houses per month on average. Every month we wait on this, if we talk about a $1,000.00 tap fee increa", that's $3S,OQ0.00 per month lost. If it's $2400.00, that's $70.000.00 per 13