City Council Minutes 2012 04 03 - Laserfiche WebLink

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City Council Meeting Minutes April 3, 2012 Page 12 of 14 Louisville and information about the City's current fiscal structure, demographic profile, and economic conditions. The original budget was for$40,000 for economic appraisal. Additional planning staff assistance to enable internal staff to work on the Comp Plan was not needed for the Historic Preservation Commission. Staff reallocated resources to increase the budget to allow for a more detailed fiscal analysis. TischlerBise will complete an economic and fiscal health study, which will provide economic development and marketing guidance on future land use opportunities and an overview of the City's revenues and expenses to document the City's overall fiscal health. This evaluation will measure the City's ability to finance its services and facilities on a continuing basis. TischlerBise is a recognized national leader in Fiscal Impact Analysis and will be a tremendous asset to the City during the 2012 Update. Staff recommended Council approve of an independent contractor agreement with TischlerBise to provide economic and fiscal assistance for the 2012 comprehensive plan update in the amount of $49,800. City Manager Fleming noted the City Council packet staff recommendation was for $49,800 to update the impact fee study was in error. It should have stated to provide economic and fiscal assistance for the 2012 Comprehensive Plan Update. COUNCIL COMMENTS Mayor Muckle inquired whether TischerBise has experience with market analysis. Planning Director Russ confirmed they have experience in market analysis nationally and in Boulder County. Mayor Muckle emphasized most of Louisville's revenue comes from sales tax and a large percentage comes from outside the City. He felt the value of retail should be used in the fiscal model. He felt a marginal or hybrid model makes sense. He stated the current service levels are below what the City would like to achieve. He felt the assessment should address what the City's desired service levels are. Councilor Loo asked Mayor Muckle if he is looking at an expansion of service levels. Mayor Muckle responded yes. Councilor Loo asked what would be expanded. Mayor Muckle stated road construction Planning Director Russ explained during the Comprehensive Plan Update process, there will be discussion with the Parks and Recreation, Public Works, Library and Police Departments on quality of life and visions for the community.