City Council Study Session Summary 2002 06 25

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CITY OF LOUISVILLE June 25, 2002 The City Council of the City of Louisville met in a study session at 7:00 p.m. in the meeting room of the Louisville Public Library, 950 Spruce Street, Louisville, Colorado. The following persons were present - City Council: Mayor Tom Davidson, Mayor Pro-Tem Chuck Sisk, Michele Van Pelt, John Keany, Tom Mayer and Don Brown Staff Present: Bill Simmons, City Manager Julie Boyd, Deputy City Manager Belinda Goebel, Administrative Assistant Others Present: Sam Light, City Attorney Discussion/Direction – Potential City of Louisville 2002 Ballot Issues Bill Simmons explained that the City Attorney has prepared draft ballot questions. The questions have been separated into three questions. The first question requests approval of the issuance of debt for construction of a new library, additions and improvements to the recreation/senior center, and a new outdoor pool. The second question would authorize the increase of property taxes and sales taxes. The third question would approve a new lodging tax and set the rate for that tax. Three possible scenarios for lodging taxes were compared: specifically a 3% tax, a 2.5% tax and a 2% tax. The assumptions used for the comparisons are:  That the operations for the new library would be $384,384 annually and increased costs for operating the additional facilities to be provided at the recreation/senior center would be $296,970, for a total annual cost needed of $681,354.  A hotel occupancy rate of 50%, with an average room rate of $80. Council directed staff to select the highest lodging tax and the lowest sales tax increase for residents. Bill Simmons, City Manager, provided the following updates to Council:  Bill Simmons and Chuck Sisk have been meeting with the owners of the post office property and appear to be reaching an agreement.  Kmart has not received any bids for their lease. The owner’s representative has received authorization to market the property and it will be offered as a 91,000 sf block.  Staff is working to project water revenues through the end of the year.