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Cityof- <br />Louisville <br />COLORADO v SINCE 1878 <br />Special City Council <br />Meeting Minutes <br />Tuesday, March 10, 2015 <br />Library, 1st Floor Meeting Room <br />951 Spruce Street <br />7:00 PM <br />Call to Order — Mayor Muckle called the meeting to order at 7:00 p.m. <br />Roll Call was taken and the following members were present: <br />City Council: Mayor Robert Muckle, Mayor Pro Tem Hank Dalton <br />City Council members: Jeff Lipton, Jay Keany, <br />Susan Loo, Ashley Stolzmann and Chris Leh <br />Staff Present: Malcolm Fleming, City Manager <br />Heather Balser, Deputy City Manager <br />Kevin Watson, Finance Director <br />Kurt Kowar, Public Works Director <br />Meredyth Muth, Public Relations Manager <br />Nancy Varra, City Clerk <br />UTILITY RATE INCREASE <br />Mayor Muckle requested a staff presentation. <br />Public Works Director Kowar reviewed the 2015 Utility Rate Increases and 2015 -2019 <br />Rate Plan Projections. <br />2013, 2014, and 2015 Impacts: <br />• Increase in project construction costs <br />• Better loan interest rate and issuance costs <br />• Timing of project cash flow requirements <br />• 2013 Flood related impacts <br />• Updated Tap Fee revenues and projections <br />• Updated to reflect approved 2015 -2019 Operations & Capital Improvements <br />Budget <br />2015 Rate Increase Recommendations: <br />City of Louisville <br />City Council 749 Main Street Louisville CO 80027 <br />303.335.4533 (phone) 303.335.4550 (fax) www.louisvilleco.gov <br />