City Council Agenda and Packet 2007 01 02

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.. [}Jflj@fA&T? City Council Meeting Minutes December 19, 2006 Page 8 of 13 proposed along with the repeal of the Service Expansion Fee and the Major thoroughfare Fee. Highlights of the ordinance and 2006 study are as follows: . Additional impact fees for library, parks/trails, open space and recreation . Additional non residential development categories . The Municipal Facilities Fee now includes a cost recovery component for the Police headquarters (the separate Police Capital Facilities Impact Fee category is eliminated) . Any person who causes the commencement of impact-generating development shall be obligated to pay the Impact Fees at the time of issuance of a building permit . The Impact Fee Schedule sets the fees for the various types of land uses . The ordinance provides mechanisms for independent fee study calculations and credits, for use in appropriate circumstances . An exemption for low income housing should City Council desire to do so . Section 3 of the ordinance repeals the service expansion and major thoroughfare fees effective as of the effective date of this ordinance. Paul Tischler, TischlerBise, presented a PowerPoint overview of the impact fees, which outlined the fee methods and components, and the maximum supportable fees. . The municipal facilities fees method includes residential development and non-residential development . Growth-related Capital Improvements for Municipal Facilities . Transportation Fee Method; a Plan based approach for Road Improvement . Road Impact Fee Inputs . Growth-Related Capital Improvements for Roads . Library Impact Fee Method . Library Fee Calculations . Growth-Related Capital Improvements for Louisville Library . Parks & Trails Method . Parks & Trails Impact Fee Calculations . Growth-related Improvements for Parks Trails . Recreation Impact Fee Method . Recreation Fee Calculations . Growth-related Improvements for Recreation Facilities . Projected Impact Fee Revenue 2007-2011 Mayor Pro Tem Brown asked how the Impact Fees would defray debt. Mr. Tischler explained the debt schedule is not paid off by Impact Fees, but day-to- day operations are defrayed through the fees.