City Council Minutes 2003 06 03 - Laserfiche WebLink

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Louisville City Council Meeting June 3, 2003 Page 5 of 10 Sisk asked Schonbrun to comment on the water consumption for senior housing units. He also asked if any of the project savings would be passed along to the residents. Schorbun stated he could not comment on the figures supplied by the City. With respect to any savings in the project, he stated that money would allow the project to be built. Sisk asked if any consideration has been given to people who could not afford the entry fee at Balfour. He also asked for the rates for senior units. Schonbrun explained the neither the federal; state or local governments provide any special assistance to the lower income brackets. He stated the cost for assisted living, depending on the size of the unit; would range between $2,700 and $4,800 per month, while skilled nursing is $197 per day. Sisk voiced his agreement with the reduction in water tap fees, but not the school use tax. He asked why an exemption has been requested. Schonbrun stated seniors don't have school-age children; however, all other fees would be paid. Sisk noted Golden and Arvada ordinances provide less of a reduction on water taps for senior housing. Schonbrun stated Westminster's ordinance provides for a 50% reduction. Keany asked if the Lodge would be taxed at a residential rate. He also asked for the rate assessed for residential and commercial. Finance Director Laus stated the new assessed rate for residential is 7.96% of the market value, instead of 9.15%; the commercial rate is 29%. Schonbrun stated the facility would be taxed at an institutional rate Keany voiced his support for a reduction in water tap fees for senior and noted the amount of school use tax collected impacts the community. Schonbrun stated a portion of the property tax does go to the schools. Keany asked if a delay of action on this ordinance would impact the project. Schonbrun stated that a delay would cause the funding of the project to fail. Van Pelt voiced her opinion the Council should not postpone the ordinance, as it would be unfair to delay this project with any further requests for more data. She stated the issue is whether the Council is willing to create a new residential classification that would have lower tap fees and exempt from the school use tax. Davidson voiced his support for the exemption on the use tax and noted this type of development would not affect the schools. He explained growth impacts schools and the use tax specifically helps pay for growths' affect on the schools. He addressed the requested reduction in water taps and noted a water tap is assessed for the amount of water to be used. He suggested an adjusted water rate for this type of housing and asked the City Attorney to address the issue.