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WHEREAS, the City already has a comprehensive impact fee ordinance that imposes impact fees on new development and is planning for a new impact fee study in 2026; and WHEREAS, Ballot Question 301, if approved, would significantly expand the categories of capital facilities for which impact fees are imposed; and WHEREAS, while City Council acknowledges the importance of adequately funding capital facilities, the addition of a significant number of new impact fees will likely deter development in the City and will undermine the City's goal of improving the quality and increasing the quantity of affordable housing in the City; and WHEREAS, several of the impact fees identified in Ballot Question 301 duplicate fees the City already imposes, including water and sewer tap fees and fees in lieu of affordable housing units; and WHEREAS, the impact fee categories must be supported by a valid impact fee study, but Ballot Question 301 attempts to create new categories of impact fees before an impact fee study can be completed; and WHEREAS, Ballot Question 301 includes a potentially burdensome and expensive mandate that the City engage an outside consultant to prepare an updated impact fee study every five years, even though the City's current impact fee ordinance already requires impact fees to be reviewed every five years by the City Manager; and WHEREAS, Ballot Question 301 requires the completion of a new impact fee study by June 1, 2026, but impact fees require significant planning and study so the June 1 deadline may not be feasible; and WHEREAS, Ballot Question 301 also requires the formation of a new Impact Fee Liaison Committee, but provides no meaningful standards to guide the Committee, fails to articulate the Committee's role in setting impact fees, and requires the appointment of members who may not have experience in setting impact fees; and WHEREAS, for these reasons, the City Council believes it is in the best interest of the City to oppose Ballot Question 301 and encourage the City's registered electors to vote "NO" on Ballot Question 301; and WHEREAS, the City Council is authorized to adopt this Resolution pursuant to the Colorado Fair Campaign Practices Act, at C.R.S. § 1-45-117(1)(b)(III)(A). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Resolution No. 80, Series 2025 Page 2 of 3