Finance Committee Agenda and Packet 2015 01 26

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City.of Louisville COLORADO • SINCE 1878 FINANCE COMMITTEE COMMUNICATION SUBJECT: DATE: FISCAL IMPACT MODEL PRESENTATION BY TISCHLERBISE JANUARY 26, 2015 PRESENTED BY: SCOTT ROBINSON, AICP, PLANNING AND BUILDING SAFETY DEPARTMENT SUMMARY: Carson Bise from TischlerBise will be at the January 26 Finance Subcommittee meeting to present the draft fiscal model and answer any questions. The City entered into a contract with TischlerBise in 2014 to create a new fiscal model to replace the City's existing model. Members of the subcommittee have been provided a copy of the model to examine beforehand. Keeping any version of the model on an individual computer after the meeting is a violation of the City's license agreement with TischlerBise. The fiscal model will be used by City staff to evaluate the fiscal impacts of proposed development and policy changes. For example, staff will use the updated fiscal model to evaluate development scenarios in the upcoming small area plan process to ensure the plans meet the fiscal goals established by the City. The fiscal model takes proposed development by land use type (retail, office, residential, etc.) and other inputs and computes projected tax and other revenues and projected operational and capital costs. The model is essentially complete, although the displays for presenting the results have not been finalized. This will allow TischlerBise to make any necessary changes based on comments and discussion with the Finance Committee. If the Finance Committee is happy with the fiscal model, it will be presented to the full City Council for adoption in the near future. FINANCE COMMITTEE COMMUNICATION