City Council Minutes 2018 07 03 - Laserfiche WebLink

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City Council Meeting Minutes July 3, 2018 Page 3 of 11 She reviewed two ballot initiatives underway. The first, Let's Go Colorado would raise the state sales tax by .62% and would create additional funding for the state highway fund for CDOT and go directly to local govemments and would provide over $1 M to Louisville each year. CDOT has been working to create a list of priority improvements throughout the state which would be the first to be funded. The City has been working with the Mayors Commissioners Coalition (MCC) to make sure the Northwest Region is well represented on this list. There are regional projects important to the County on the list including State Highways 119, 7, and 287. Staff thinks we could see possibly $19.6M dedicated for Highway 42 in Louisville which is also on the list. This reflects the proposal in the Northwest Area Mobility Study. Ballot Initiative - Staff is asking if Council is supportive of taking a position on the Let's Go Colorado initiative contingent on CDOT support for the full funding of projects in the northwest corridor. Mayor Muckle stated the MCC and CDOT feel the proposal of bonding for transportation is harmful as it would require payback from the general fund without a new revenue source. Both are much more interested in a proposal that gives new dollars. Some municipalities have a concern a new tax rate would raise taxes to a point it would be difficult to raise local taxes. To offset this, the idea is to give 45% of these funds to local municipalities so they don't have to tax themselves for transportation funding. Mayor Pro Tem Lipton asked if the income stream we get could be used to support a bond for transportation projects. Mayor Muckle stated he thought it could. Councilmember Stolzmann stated she is generally supportive of the initiative and she would like to see Northwest Rail included on the secondary list of projects and that there be a more definitive discussion of how the multimodal fund will work. Members were generally supportive but decided to not take a position until the list of projects is finalized. TIP (Transportation Improvement) Funding — Councilmember Stolzmann stated the County is asking if there is support for committing $8.15M of the Subregional funding we will receive as a match for possible Regional funds. Councilmember Stolzmann stated the three projects (Hwy 119, SH 7 and SH 287) have been agreed on for the region. She noted there is some concern about this plan within the group. She asked what criteria Council wants her to use for the Subregional pool. She asked if Council is interested in this match and she suggested criteria to use include requiring some matching funds as a percent of the communities general fund, air quality improvement, congestion mitigation, and projects with high number of trips per day.