City Council Study Session Summary 2006 07 11

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"" I: City Council City of Louisville Study Session Meeting Summary July 11, 2006 City Hall, Council Chambers 749 Main Street 7 :00 PM 1. Call to Order - Mayor Charles Sisk called the meeting to order at 7:00 p.m. City Council: Mayor Charles Sisk, Council members: Dave Clabots, Ron Sackett, Frost Yarnell, Bob Muckle (7:20 p.m.) Absent: Mayor Pro- Tem Don Brown Councilmember Sheri Marsella Staff Present: Bill Simmons, City Manager Julie Boyd, Deputy City Manager Patty Leslie, Finance Director Keith Williams, Recreation & Senior Services Director Belinda Dogan-Pishner, Administrative Assistant City Manager Bill Simmons reviewed the memo from City Attorney Sam Light regarding whether the City of Louisville could place a TABOR ballot question on the November 2006 ballot. He explained that in order to do so, the City would be required to pass on first reading an ordinance referring TABOR ballot issues to the voters no later than the July 18, 2006 Regular City Council meeting. Patty Leslie, Finance Director, distributed two scenarios for addressing shortfalls in the General Fund based upon sales tax collections being down $525,000 and $750,000 from budget for 2006. New revenue possibilities identified at the June 27,2006 Special Meeting Budget Session were discussed. Council agreed to set first reading ordinances on the July 18, 2006 Regular City Council Meeting agenda to place TABOR questions for use tax and residential new construction use tax on the November 2006 ballot. Council also requested a presentation by Public Works Director Tom Phare at an upcoming Regular City Council Meeting on establishing fees for storm water permits. City of Louisville City Council 749 Main Street Louisville CO 80027 303.335.4533 (phone) 303.335.4550 (fax) www.ci./ouisville.co.us