City Council Agenda and Packet 2010 08 03

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City Council Meeting Minutes July 20, 2010 Page 4 of 9 COUNCIL COMMENTS Mayor Pro Tem Marsella stated her understanding the projection only extends to the first year. She asked if there is a problem with the use tax projection being too high. City Manager Fleming suggested the public might perceive a problem ifthe projection is too high. Finance Director Watson explained the City wants the estimate to be high enough so it is not necessary to refund revenues that could be higher than anticipated. Councilor Muckle inquired about the results of the phone surveyand the number of emails received from the residents. City Manager Fleming statedapproximately 20 emails have been received to date, with roughly 2/3 in favor and 1/3 in opposition. With respect to the phone survey the results were split evenly. Mayor Sisk stated a number of people have said in this economic situation, they do not need any new taxes. He felt the public has a right to vote on the issue and he favored referringthe measure to the voters. He voiced his belief the Council must decide how the funds would be spent, should the measure pass. He stressed the importance of adequately funding projects and creating a “Rainy Day Fund.” Henotedthe ordinance was amended to include a use tax on rental units. He thanked City Manager Fleming for his work on the issue. Councilor Sackett hadconversations with citizens relative to the use taxand some were supportive and some not.He felt the citizens have a right to vote on the measure. Mayor Pro Tem Marsella heard from residentswho support a use taxbecause it may reinstate Cityservices and events, which make Louisville special. She noted the City must diversify their revenue stream. Councilor Muckle emphasized the results of the surveyand stated it is a timely issue when a number of large developments will be coming to the City. Councilor Dalton stated many residents support the use tax, many not. Small businesses have told him they oppose a use tax. Manycitizens would like to see the City events reinstated. He is not convinced a new tax is necessary, but he supports putting the measure on the ballotso the voters can decide. MOTION: Mayor Pro Tem Marsella moved to approve Ordinance No. 1575, Series 2010 with second reading amendments, seconded by CouncilorYarnell.Roll call vote was taken. The motion passed by a vote of 7-0. RESOLUTION NO.41,SERIES 2010 - A RESOLUTION CALLING A SPECIAL ELECTION FOR NOVEMBER 2, 2010, TO BE CONDUCTED AS A COORDINATED ELECTION, FOR THE PURPOSE OF SUBMITTING A TABOR BALLOT ISSUE TO THE REGISTERED ELECTORS OF THE CITY 19