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impact fees. "visa with these two items, shohg <br /> Louisville disagree with the inclusion of them in <br /> the financing plan, they will not be iapleseute" <br /> unless there is 1000 concurrence of all members of <br /> the Authority. All limitations are sot by the <br /> legislature in State Statutes. <br /> Mr . Marl stated W-470 affords the City of <br /> Louisville to share in whatever economic growth <br /> cares to the area. <br /> Mr. Marl stated that studies show that M-470 will . <br /> actually help existing highways that are nsu <br /> over loaded, 1.e., dig#wsy 2$7, Wadsworth, U.S <br /> eta. <br /> • •With``d-aoer' •5* a laS tXa 16 OR. an" <br /> '1k <br /> M1 ' • Mt o L1. is a •gt� s of it 1� <br /> provide le W.47*'$ right -way spans for who 44:t] <br /> VA. might be coming. towr'Ver, the p.roentage of <br /> travel that utilises sears transit is at the ; <br /> boot is the highest area of use only S• and;' * <br /> averages about 2 - 2 1/21. <br /> Sackett stated that ono of his concerns for the <br /> City of Louisville is its dependency on growth and . <br /> there are many amenities that his would like to *me- <br /> is the City including a recreation facility. <br /> Schools is another factor that needs to be <br /> addressed. Sackett feels that sales tax revenue <br /> is the best way to fund many of these needs rather <br /> than through property tax. This can be done <br /> through stimulating economic development.e =n. Part <br /> t of <br /> economic development <br /> oonn cts us with the new airport which will bring <br /> in a great number of new fobs and new industries'. <br /> The City of Louisville can take advantage of this <br /> as we are in an ideal location for this plus our <br /> closeness to the University. our quality of life <br /> is of the utmost importance and cars must be takes <br /> in that respect. Sackett stated that studies show <br /> that highways such as $- 470 are able to attract <br /> new businesses enough so that the highway breaks <br /> even sooner than anticipated. Within the first <br /> decade positive results are seta. The investment <br /> is W-470 to stimulate the .0000wy seers to be the <br /> beat way to go. <br /> Sackett stated that he had the opportunity to <br /> attend the last meeting of the Authority. "I <br /> think it is obvious to most people why IW-470 is <br /> bsoeficial to Louisville in that it connects us <br /> directly with the new airport and its been shown <br /> that •oocosio development is stimulated by a <br /> 4 <br /> • <br />