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112 City,/ <br />Om Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 7B1 <br />SUBJECT: <br />DATE: <br />PRESENTED BY: <br />DISCUSSION/DIRECTION — EXISTING FUNDS AND CAPITAL <br />IMPROVEMENT PROGRAM BUDGET IMPACTS OF POTENTIAL <br />TRANSPORTATION BALLOT MEASURE <br />MAY 4, 2021 <br />HEATHER BALSER, CITY MANAGER <br />MEGAN DAVIS, DEPUTY CITY MANAGER <br />KEVIN WATSON, FINANCE DIRECTOR <br />SUMMARY: <br />City Council has recently discussed seeking voter approval for the issuance of an <br />approximate $50 million bond for the purposes of constructing transportation amenities <br />and improvements throughout the City. To assist in repaying the bonds, the City Council <br />has expressed interest in using $1.5 million of existing sales and use tax revenue from <br />the Capital Projects Fund. The 2021 projection for total sales and use tax revenue in the <br />Capital Projects Fund is approximately $6.6 million. <br />Last November, the City Council approved a 2021-2026 Capital Improvements Plan (C- <br />I-P), which includes six years of revenue and expenditure projections for the Capital <br />Project Fund. <br />1.0.030,000 <br />18AOO.CNO <br />M- 00.004 <br />14•. 0,CCO <br />12,004,000 <br />10.000A00 <br />4.000,000 <br />CKNICCO <br />Capital Projects Fund <br />20da 2009 XIC 20t1 mu 2113 1011 20i5 2d1fi 2057 2011 2019 mm 2021 2022 2021 2024 2413 2025 <br />Rt enue • 1m$ciidituf4`i ■ Rol Wan <br />CITY COUNCIL COMMUNICATION <br />