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• <br /> fund it. MOO has been studying this mace 1981 . <br /> wherein they published a report with the findings • <br /> that a highway was needed. The M-470 Authority is - <br /> charged with the task of now finding the <br /> appropriate funding to constra,n this beltway. <br /> The Authority is a public entity and is precluded <br /> from making any money. Once the debt is paid, <br /> including interest, maintenance and operation <br /> costs, the taxes and/or tolls must be removed. <br /> Szymanski spoke to the quality of life issue <br /> stating that this is of the utmost importance t • ;► <br /> Us. 'I an not going to sacritios qufaity of li `',4 <br /> for any road or bighwkr or enytrhinq e14•4, Tat ' <br /> • • 4C4-. tas .eel .ceps A . .at l y . l ,web. ' <br /> .. ,. • ' , • .blita oadit;- Um"- x• think is wos t tiff �-r <br /> Lace- into it.• •S ri are neny pros •aad' otne t.41?-' ''• <br /> building a highway and I feel it is my obligatio.'-*d•. <br /> and my responsibility to find out all these pros- <br /> and and cons and to find out what is in it for <br /> Louisville.' *We have to get the facts on the r <br /> table and we do that by opening our eyes and our <br /> ears by making use of whets available to us by <br /> making use of the V-470 Authority as a tool in our <br /> hands so we can determine what ' s in the best <br /> interest for Louisville. . .' . � <br /> Scarpella stated that the funding of the highway ' <br /> is of utmost importance to him and stated that no <br /> one wants tc raise taxes. "Before I go into this, <br /> those questions have to be answered. But I feel <br /> just because we go into the Authority, we aren't <br /> going into somitbinq we can't back out of." "I <br /> don't see where voting for the Authority puts us <br /> into a bind.. .' <br /> • <br /> Mayor Pauson thanked the public for coming to this <br /> meeting and closed the public hearing and called <br /> for a motion. <br /> Sackett moved and Szymanski seconded to adopt <br /> Resolution 418, Series 1988, authorizing the City <br /> of Louisville to enter into the M-470 Highway <br /> Authority Agreement . By Roll Call Vote , <br /> Resolution 418 , Series 1988 was adopted <br /> unanimously. <br /> OSMIUM= 4992 - GOLF COURSE BONDS - 1ST READING - <br /> SST PUBLIC ! AXIMG Mayor Fauson explained that the City Attorney <br /> determined that this Ordinance must be read in its <br /> entirety and due to its length, people were told <br /> to feel free to take a break if needed. Sommer, <br /> the meeting would continue as the Ordinance is • <br /> read. <br /> 4 <br />