City Council Minutes 2005 07 12 SP

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City Council Special Meeting Minutes July 12, 2005 Page 2 of 9 Fiscal Analvsis City Manager Bill Simmons introduced Bill Cunningham of the Leland Group, who would present a summary of the fiscal analysis. Bill Cunningham, Leland Consulting Group, 10089 South Clyde Circle, Highlands Ranch, CO reviewed the market/fiscal analysis through a Powerpoint presentation. He explained the fiscal analysis is a tool to assist in the evaluation of land use proposals, which create those ultimate entitlements, which would result in the greatest long-term benefits to the residents of the City of Louisville. Fiscal Considerations . Land Use Mix . Balance Between Residential, Nonresidential Development, Public Services/Amenities . Timing/Absorption of Uses (Market Factors) . Location/Direction of Growth . Efficiency of Infrastructure (Utilizing Existing Infrastructure vs. Extending I nfrastru ctu re ) Revenue Generation . Sales Tax-Driven Fiscal Environment (Retail Development is Critical) . Property Tax (Commercial Development Taxed at 3 Times Residential) . Local Support for Retail (Residential Density) Service Provision . Nonresidential Service Impacts (Traffic/Transportation, Public Safety) . Residential Service Impacts (Community Facilities, Public Maintenance) . Necessary Elements of Community (Live/Work/Play/Shop) Fiscal "Equation" . Balance Revenue Generators with Service Users . Monitor on OnQoinQ Basis (as New Development Happens) . Timing of Revenues/Expenses Critical Market Opportunity . STK is Best (Last?) Opportunity for Regional Retail . Take Advantage of Market Demand for Mixed-Use - Centennial Valley . Transit-Oriented Development - Downtown/Hwy42 Area, McCaslin . Neighborhood - Serving Retail - North Louisville Market Strateqies . Create an "Address" for STK . Intensify Mixed Use (Housing) at Centennial Valley