City Council Agenda and Packet 2005 08 02

Home Browse Search

City Council Special Meeting Minutes July 12, 2005 Page 2 of 9 Fiscal Analysis City Manager Bill Simmons initroduced 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 marNcet/fiscal analysis through a Powerpoint presentation. He explained thie 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-ternn 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 Infrastructure) 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 o~F Community (Live/Work/Play/Shop) Fiscal "Equation" • Balance Revenue Generators with Service Users • Monitor on Ongoing 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 Strategies • Create an "Address" fc~r STK • Intensify Mixed Use (Housing) at Centennial Valley