Resolution 2005-38 - Laserfiche WebLink

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WHEREAS, the City recognizes that fiscal responsibility requires a balanced approach to the phasing of development of different land uses, such that increases in the City's operational and capital expenses are offset by concurrent increases in the City's revenues; and, WHEREAS, this balance of revenues and expenditures related to development must continually be monitored and maintained, even through changing economic cycles; and WHEREAS, development, including redevelopment, should not have a negative impact on the City's fiscal position. The impact of new development should be measured by its effect on City revenue generation, service provision and capital investment; and, WHEREAS, in order to maintain a high standard of community service, avoid negative fiscal impacts and maintain fiscal sustainability, the City Council finds that phasing of certain aspects of development is prudent and reasonable; and WHEREAS, the City Council finds that the establishment of a residential development phasing policy should be approved. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The following fiscal impact and phasing criteria shall be applied to new development in order to ensure that development occurs in an orderly, fiscally responsible manner. A) General Criteria. 1) A fiscal impact analysis that addresses both operating and capital expenditures of the City shall be required as part of any residential development application, including annexations, rezonings, subdivision plats, planned unit developments and special review uses. Said fiscal impact analysis shall evaluate the fiscal impact of adding additional residential units upon all service sector departments and the ability of those departments to maintain levels of service to the existing residents of the City, and shall otherwise analyze the cost-benefit relationship between the development and the City's fiscal position. 2) Consistent with state statutes and local policies, the City will periodically review and revise all development fees, as necessary, to ensure the City's adopted fees generate revenues to fully cover the costs incurred in providing all necessary services to residential development. 3) Annexations or rezonings that propose to add residential dwelling units should only be approved if found consistent with the Citywide Comprehensive Plan and, except as required by state statute, should be considered only if there is determined to be a benefit to the City. 4) All residential development within the City of Louisville should be subject to phasing as may be required to avoid negative fiscal impacts on the City. 2