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<br />8-9 <br /> <br />c. A third bond method would be a revenue bond Issue whIch <br />could be predicated on earmarki-;;~l~rtaln portion of <br />the one cent sa 1 es tax (th I s is the approach Denve r took <br />in '1964 to fl nance Harvard Gulch" Denver General HospI tal, <br />and the Convention Center). A revenue bond issue could <br />also be predicated on the aforementIoned user charge, <br /> <br />S. COUNTY <br /> <br />1. The County has more financial resources than it would fi rst <br />appEiar, Again, thIs is a job of convincIng county commis- <br />sioners and county budget officers that drainaqe is a problem <br />or ~ function separate and apart from roads and bridges, It <br />is In fact an Independent public works type of problem, There- <br />fore, from a Boulder County road and bridge mill levy of 3,75 <br />mills, which produces approximately $1,000,000 in tax money, <br />It would seem very conservative to attr'ibute 10 per cent of <br />the need for repai rs and mai ntenance of roads and bri dges to <br />drainage, Even the bui ldlng of new rD<lds and new bridges <br />needs to have an Increment whi ch takes into account the des I gn <br />of adequate drainage facilities for' thCit ne~1 bridge and new <br />road, Ten per cent is a conservative figure which would pro- <br />duce $100,000 which could be again IdentIfied in " separate <br />"drainage fund," The county commissioners, if they were con- <br />vinced that adequate draInage was an economic way of preserv- <br />ing their roads and bridges Cind avoiding maintenance costs. <br />might be willing to add 0,25 mI lis to the road and bridge mill <br />levy and earmark it for ;lddition<tl drainage improvements, <br />This would raise $65,000 for Soul der, Boulder County receives <br />approxImately $500,000 as Its share of highway users taxes <br />from the State. Again, 10 per cent of this money could be <br />attributed to the need for adequclte drainage which would per- <br />mit the additIon of another $50.000 to 21 "draInage fund," <br /> <br />2, The County has the authority to levy up to 3 mIlls for public <br />works, Certainly drainage Is a public '.'orks, and the com.. <br />missioners, If sold on the need ~)r draInage, could put on <br />an additional mill levy for this purpose, <br /> <br />3, The commissioners might be able to iss,,," anticipation war- <br />ranto; for drai n,ge purposes based on a repayment from a <br />publ'ic works levy that was made for drainage purpDses, <br /> <br />4, The County could also requi re a dE,velopment agreement from <br />a subdivider such as suggested in connection with city sub- <br />dividers, the receipts to go into the "drainage fund," <br /> <br />5, If the County decides to implement a pack and recreation <br />district with a mill levy, once again this source can be <br />used to acquire open space which can be used in connection <br />with drainage projects, <br />