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<br />Louisville City Council Special Meeting <br />January 25,2005 <br />Page 6 of 10 <br /> <br />Louisville schools. McCormick reported on meeting with school district officials relative <br />to those issues, and being told the Louisville schools are full, due to open enrollment. If <br />open enrollment were not an option, many ofthe older elementary schools would be <br />closed. <br /> <br />Mayor Sisk asked Council member Levihn for the percentage of student enrollment in <br />Louisville elementary that are non-Louisville residents. Council member Levihn stated <br />50% of the enrollment in Louisville schools is from non-resident students. <br /> <br />Council member Brown noted Louisville principals actively enlist enrollment to keep <br />their student numbers up to maintain funding. <br /> <br />Commissioner Loo asked how affordable housing is maintained as affordable housing <br />with market conditions. McCormick explained the community could develop a housing <br />strategy if they wish to pursue affordable housing. <br /> <br />Susan Morris, 939 W. Maple Court, Louisville, CO addressed the school enrollment and <br />how the newly identified locations of housing impact the schools. She estimated that <br />Monarch School, which is at 80% capacity, would be impacted the most. She did not <br />believe that Louisville Elementary or Coal Creek Elementary would be impacted. <br /> <br />SUMMARY AND FINDINGS OF FISCAL ANALYSIS (BILL CUNNINGHAM, <br />LELAND CONSULTING) <br /> <br />Bill Cunningham, Leland Consultant Group, 10089 South Clyde Circle, Highlands <br />Ranch, CO discussed the Fiscal Impact Analysis Summary. He explained the fiscal <br />impact analysis examines the balance between land use options and how they impact the <br />City's ability to provide services. It also examines revenue-generation, specifically sales <br />tax. He stressed retail development is critical in any financial analysis. He noted property <br />tax does contribute to the City's budget. The majority of the City's property tax comes <br />from commercial office or retail space rather than residential property tax. Sales tax <br />generated revenue provides City services to the residents, and the three components of a <br />fiscal balance are: 1) revenue generation; 2) residential development or users ofthe <br />development, and 3) community services and amenities provided. <br /> <br />The Fiscal Impact Analysis Summary offers three different land use scenarios. Plan <br />Options #1 and #2 were based upon a fiscal run of the Framework Plan. The primary <br />difference between the two options is a single factor of open space. Option #3 is called a <br />"do nothing" option that assumes STK land would not be rezoned from its current <br />Industrial Zone Designation and that housing units would be limited to 1,000 dwelling <br />units. <br /> <br />Preferred Plan Option #1 assumes higher open space cost; 20-year operating surplus of <br />$6 to 7 million; 20-year capital deficit of $15 to $17 million, and average annual <br />operations surplus. <br /> <br />6 <br />