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<br />ORDINANCE NO. 1272 <br />Series 1997 <br /> <br />AN ORDINANCE REPEALING ANI> REENACTING SECTION 13.12.070 OF THE <br />LOUISVILLE MUNICIPAL CODE TO REDUCE THE ASSESSMENT AGAINST EACH <br />WATER USER WITHIN THE CITY OF LOUISVILLE. <br /> <br />WHEREAS, the City Staff and City Council have reviewed the existing water <br />assessments for payment of water bond obligations; and, <br /> <br />WHEREAS, because of bond retirement and because payment of interest has been <br />reduced, the City Council desires to reduce certain water assessments. <br /> <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br /> <br />Section 1. Section 13.12.070 of the l,ouisville Municipal Code is hereby repealed and <br />reenacted to read as follows: <br /> <br />13.12.070 Bond Retirement and Interest Payment: <br /> <br />There is hereby assessed monthly against each water user or tap owner within the City of <br />Louisville, the amount as set forth in the following table: <br /> <br />Year Amount <br />1998 $6.10 <br />1999 4.50 <br />2000 3.00 <br />2001 1.50 <br />Thereafter 0 <br /> <br />Said assessment shall be for bond retirement and payment of interest relative to previous <br />water bond issues. <br /> <br />Section 2. This ordinance shall take effect January 1, 1998. <br /> <br />Section 3. All other ordinances or portions thereof inconsistent or conflicting with this <br />ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or <br />conflict. <br />