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<br /> -. <br /> [}Jflj@fA&T? <br /> City Council <br /> Meeting Minutes <br /> December 19, 2006 <br /> Page 7 of 13 <br /> MOTION: Council member Muckle moved to approve Resolution No. 57, Series <br /> 2006, seconded by Council member Marsella. All in favor. <br /> Mayor Sisk congratulated Mr. Markel and thanked him for making his goals the <br /> same as the City's goals. <br /> ORDINANCE No. 1506, SERIES 2006 - AN ORDINANCE REPEALING AND <br /> REENACTING CHAPTER 3.18 OF THE LOUISVILLE MUNICIPAL CODE <br /> REGARDING DEVELOPMENT IMPACT FEES FOR MUNICIPAL CAPITAL <br /> FACILITIES, TRANSPORTATION CAPITAL FACILITIES, LIBRARY CAPITAL <br /> FACILITIES, PARKS AND TRAILS CAPITAL FACILITIES AND RECREATION <br /> CAPITAL FACILITIES - 2nd reading - Public Hearing (Advertised Daily <br /> Camera 12/10/06) <br /> Mayor Sisk requested a City Attorney introduction. <br /> City Attorney Light read Ordinance No. 1506, Series 2006. He noted there is an <br /> addition of a street map, showing the City's arterial streets. <br /> Mayor Sisk opened the public hearing and requested a Staff presentation. <br /> Interim City Manager Balser explained Ordinance No. 1506, Series 2006 repeals <br /> and re-enacts Chapter 3.18 of the Municipal Code to update the impact fees. The <br /> changes made to Ordinance No. 1436, Series 2003 provides additional impact <br /> fees and repeals the service expansion fee and major thoroughfare fee effective <br /> as of the effective date of the ordinance. An impact fee study November 9, 2006 <br /> provided the methodology and application of such fees. <br /> In 2006 TischlerBise was hired to calculate the appropriate impact fees related to <br /> the need for new capital facilities resulting from residential development. In <br /> addition to a study for transportation, police and municipal facilities impact fees; <br /> City Council requested the City update the methodology for its residential fees. <br /> Currently the City has a Capital Improvement Fee for residential units, which <br /> requires payment of $1 ,650 per unit (Major Thoroughfare Fee) as well a charge <br /> of $2.60 a square foot of floor area for the proposed unit (Service Expansion <br /> Fee). The study provides three new residential impact fees for 1) Library, 2) <br /> Parks and Trails (includes Open Space) and 3) Recreation which will replace the <br /> City's current residential fees. <br /> Additionally, the study reviewed the previous impact fees for transportation, <br /> municipal facilities and police to determine whether any adjustments were <br /> warranted as a result of the finalized Comprehensive Plan detailing revised <br /> population and development figures, and in view of updated demand and cost <br /> assumptions. Staff provided a comparison of the existing impact fees and those <br />