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meetings held and the reference to the business <br />people as being ordinary or somethings strange <br />about them is mis-construed and asked that they be <br />as fair with peo~>le that they are not in the <br />category of as you would ask them to be of you. <br />"I understand th<~t $29, 360 is a loan, not an <br />assessment. What we did tonight was approve the <br />agreement which formalizes the fact, by contract, <br />that it will be paid back out of the first moneys <br />received. Whether you have confidence in that or <br />not is certainly an. opinion which you are entitled <br />to, but what we are trying to do is legally make <br />sure that that is taken care of . " "Arvada is <br />paying $44,040, we are paying $29,360." "The <br />residential growth caused by W-470 is an <br />assumption a lot people make. I think it is an <br />incorrect one." Mohr stated that past Governor <br />Lamm fought for several years the building of C- <br />470 because it would cause growth in southern <br />Denver-Metro area. However, growth occurred <br />anyway. An ill-planned transportation system led <br />to elected officials making that issue a priority <br />for the citizens vvho elected them. "W-470 not <br />only offers that i~ransportation system which is <br />much more responsible and responsive to what is <br />happening here regardless of highway growth, but <br />it also encourages us to participate in the <br />economic benefits of an airport which is not just <br />a major airport, brut which is the global airport <br />in the world as far as projections are concerned." <br />Sackett stated that: the reason he supports W-470 <br />and the money that the City is spending is that it <br />is an investment rather than an expenditure. <br />Sackett stated that this will be an investment <br />that will have a nest effect on Louisville in that <br />we don't have to pay as many taxes. "Most of the <br />dollars that we spend for sales tax are benefiting <br />other cities, not our city. If we can find a way <br />to recoup those, we: will be able to provide many <br />more amenities than we already provide." "E-470 <br />is a definite success, and I expect W-470 will be <br />the same." "I believe the net effect will be a <br />tremendous positive benefit to the City in the <br />form of revenues and we will be able to hopefully <br />actualize our dream of a rec center and a better <br />library and better- amenities. I feel like the <br />investment is well worth it." <br />ADJOURNMENT With no further business, Mayor Fauson moved and <br />Anderson seconded to adjourn the meeting. The <br />meeting was unanimously adjourned at 10:05 p.m. <br />13 <br />