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<br />City Council <br />Special Meeting Minutes <br />July 12, 2005 <br />Page 3 of 9 <br /> <br />· Densify Activity in Downtown and Hwy 42 (Mixed-Use) <br />. Add Housing Density in North Louisville <br />. Build Economic Development Infrastructure <br /> <br />Build-out Under Current Zonino <br />. Limited Residential and Retail Development <br />. 20-year Operating Deficit of $2 to $3 Million <br />. 20-year Capital Deficit of $3 to $4 Million <br />. Both Operating and Capital Deficits <br /> <br />Plannino Commission Scenario <br />. Limit Residential Development (1,644 New Units) <br />. Regional Opportunities at STK (250K to 300K SF) <br />. 20-Year Operating Surplus of $4 to $5 Million <br />. 20-Year Capital Deficit of - $100K <br />. Risk in this Scenario - Will Retail Continue to Come? <br /> <br />City Council Scenario <br />. Targeted Residential Development (1,998 New Units) <br />. Regional Retail Opportunity at STK (250K to 300K SF) <br />. 20-Year Surplus of $2 to $3 Million <br />. 20-Year Deficit of $3 to 4 Million <br />. Risk in this Scenario - Will Retail Continue to Come? <br /> <br />Capital Cost Impacts Per Household <br />General Government: <br />Police: <br />Land Management: <br />Recreational and Senior Services: <br />Library <br />Transportation <br />Total Capital Costs: <br /> <br />$261 <br />$333 <br />$5,991 <br />$1,614 <br />$200 <br />$1 ,389 <br />$9,788 <br /> <br />Fiscal Considerations <br />. Emphasis on Qualitv, Not Quantitv of New Development (Type of Housing <br />Matters More than How Much) <br />. Majority of New Housing will be Infill Development; Higher Utilization of <br />Existing Infrastructure = Lower Capital Costs <br />. Commitment to Vision Will Ensure Fiscal Stability (Diligent Monitoring of <br />Growth) <br /> <br />Planning Director Paul Wood summarized Mr. John Leary's outline of the fiscal <br />analysis of the Comprehensive Plan. Based on Mr. Leary's outline, it is Mr. <br />