City Council Agenda and Packet 1992 09 01

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month. Those bills will have to be paid dorm the road. The real peopl* wbo wrlto the aDmakm axe the people wbo buy the haves in Louisville. in tarts of land cost, if you stopped building houses and people couldn't sell their land, the price of land mould come down. Are these dovelopetnts paying their own way? Are we just shifting the debt onto future generations? Hocnbostelt I would like tar Council to consider what the right proportion of the service expansion fees is for each am of the facilities that we gave. We need to be looking at the expansion of our facilitiost the Ubrary, the Recreation Center, the City Hall, the shops, •to. We need to think about soave of the other things that the growth is going to offecat. Z Mould like to *M► the open spare dedication raised to 1s %, sithougb I'd really like to sae poi. Superior hu a 25% dedication. Davidson? Will the devolopataent corunity or the general public have any process to input to this? They will b&ve. M ordinance has to qQ through the Public Hsarinq process befoare it can be passed. Concerninq the water tap fee - current bonded debt is $16.5 zillion (with interest it's $2# zillion). That's $1.6 million per year principle and interest for the next 16 years, then it drops done to $700,000.00, then to =100,000.00. Currently, the water tap fee is not paying the cost. If you raise sulti- family up to equal single taaily you're certainly discouraging tAsa, as compared to now where you're subsidising than more heavily and encouraging them. Doerr the taxpayer of Louisville want to spend his coney subsidising multi - family units? We can raise water fees rather thew raising tap fees. It's our only two sources to qat this money. in the past seven 16