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SSSUM 2002 06 11 <br /> <br />an annual tax increase of $96.45. These numbers were based on the assumption that a one-cent sales <br />tax increase would generate $2.7 million annually and an assessed value in Louisville of $370 million. <br /> <br />Council expressed concern that the bond is paid off by the time the facility needs refurbishing. It was <br />suggested that the City should establish a line item for deferred maintenance and refurbishing of City <br />facilities. <br /> <br />Discussion/Direction – Water Rate Structures <br />Tom Phare provided an update on the water supply and demand. He stated the Water Committee <br />discussed whether to increase watering times or the number of days that residents can water; <br />however, the decision was to continue the current restrictions. Council members agreed that the <br />current watering restrictions should remain in effect. <br /> <br />Options for encouraging water conservation during the drought were discussed. One option is to <br />implement rate-based programs. Rate based programs provide incentives for those who can get by <br />with less water to make that water available to those who are willing to pay for higher water <br />consumptions. The first rate-based program would implement inclining rates for residential accounts <br />and maintain current rates with time limits for commercial accounts. Another program would be <br />rates based upon minimum with blocks proportional to tap size. The tap size rates would be difficult <br />for the City’s utility billing system to implement, as tap sizes are not readily available. <br /> <br />City Manager Items <br />Bill Simmons distributed information for Council to review regarding various options for 2002 Ballot <br />questions. <br /> <br />The meeting was adjourned at 10:15 p.m. <br /> <br />Belinda Goebel <br />Administrative Assistant <br /> <br /> <br /> <br /> 5 <br />