City Council Agenda and Packet 1992 09 01

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h" wuc% 60ee that avw age on a typical be"? Tom Phare, Director of Public Works, stated that it is $4.45 per month, per 4o4sehold, flat rate. Don shonkwiler, representing *=art Developwont, stag that payer's causerits that the new plant with interest is going to cost About $lb million and would serve about 3 0 000 households. It's also going to serve, on peak dozen".. the rest of the houseAolds in Louisville. He felt that it's unreasonable to think that the number Which XAyrr computed that to be about $5,o0o.00 per hone, needs to be paid in 411 up front lees. Any assessment that's safe on an annual basis, $4.4$ per month works out to be $75.00 per year. It you take the cost of the plant over the 30 years of the bonds, a portion of the water tap fee is for a plant investpent fee, which would go to pay for sea* of the capital costs or the now plant and a portion of one's Mater bill each month {x)FAVDI■LS) . It you were to gat all of the money from those 3,000 permit users up front, that's about $2,100.00 par house, which is a *ore uwetul figure than adding the interest in over 20 years, because you're amortising that debt as you go. Thw City shw1d not expect to collect all of the casts, including int4rest on a 30 year bond, on a tap tae. He felt that was unreasonable. Water and sower rates have not kept pace with the cost of providir►q the service. Those are difficult tees to raise, because all Of those people vote. The opportunity to impose s tax through an impact fee an people who don't yet vote in this City, through a tap Les, is always nuch aors attractive than having to go to the polls and face your voters afterwards. Now growth in the City of Louisville has beer Subsidisinq the existing growth in the City of LoU14vil10 for :0 years. That's where all of the money has gone and that's why we don't have parks built. Shonkwiler stated that the development coamunity feels that the Council wants to stop growth, limit growth, and control it. me felt that Council is willing to do it through whatever vehiwje they can find to do it. Shonkwilor stated that they will probably do about 350 permits this year. It you add tip the rest of the units left to be built in Louisville, single family units, if Louisville gets 250 units next year, they'll be Lucky. If Louisville gets 150 the year after, they'll be lucky. There is not land in Louisville that is annexed and developable that will support rates of growth above that. The costs of acquiring land througft a building permit is about $40,040.00. A building permit including all of the tap lees, impact fees, sodi.an thoroughfare fund, service expansion lees, everything that goes into getting the permit, including getting the permit itself in Louisville runs between $16 - $17,000.00 per house. He felt that because of soap of the outrageous property developeent standards that they have, to brinq a place of land to property will run in the neighborhood of $11 - $13,000.00 per lot to develop a piece of raw ground. It costs about $1, 000. oo per lot to engineer that site wA do the construction surveying and testing. Shonkwileyr stated is