Planning Commission Agenda and Packet 2015 02 12

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Planning Commission Meeting Minutes January 8, 2015 Page 7 of 23 Rice asks about fiscal analysis numbers. Regarding one time capital expenditures, the projection is that it will be $764,000 in the red. Why is it that much in the red? Russ says the number of residents coming in will put a demand on capital facilities such as the Rec Center, Police, and roadway network. Based on calculated revenue from one -time investment use tax as well as impact fees, the numbers do not match. Rice says the goal is to have a net 0 or a positive. Why is it so far from the ideal? This is more than one -third to be in the red. Russ says it is the type of land use that is proposed as well as the price points of housing units. Fees are based on evaluation and market rates. This is a different price point than the Commission is accustomed to seeing. There is no expectation that a residential development alone necessarily would be positive unless the price points of the ho - are high. The Art Underground is currently conceived as 11,000 SF of the commerci- ®- elopment and is a 501(c)(3). There is no revenue from property tax. Rice asks how this project compares to other residential deve 4 W - ks that have been considered in the past. Russ says that Steel Ranch and North End came in fisc -utral or there are junks of commercial property. The commer .perty at Ste developed yet. Residential developments general) - - Y egative in fiscal d economic perspective of how much sales it brin. . nd what residents bring tly positive because ch has not been ment. From an city, there are hugely positive economic impacts that are not fi Rice asks if there are any options to close the gap. Russ says changing the users in the commercial po II economics to pay fo looks at re wi Hecla positions the quadrant to perfor Rice asks where the funding stream c Russ says it comes from annual budge Rice asks on an ongoing basis, if the mo hfrastructure with Kaylix and well as help Christopher Village. e impacts, being short $764,000. al revenues and budgets. egative $85,000 /year. re °nue generated from the to compensate for the Russ says there are service property in taxes and se expected deficits. Rice asks about the zoned? Russ says the Davids storage at th - .. ck. It Rice ask Russ exte thro Ranch eded to s of gen - - gh re erty. Is it annexed into the City? How is it ine Canine (doggie daycare) and RV Commercial. the Davids• . ighline subdivision? ivision dedicated their land, the dotted line shows the Kaylix ity has the right -of -way and funds set aside to construct it ation with the Davidson Highline owner since Steel antern The City will have to acquire the property. en t not construe e Lanterns. St pproved prior Russell asks considering de Russ says by Pla Russell asks about will be 15 units. Is ther a A and D regarding density. He asks if the PC should be e or by planning area in terms of conformity to Comp Plan? Planning Area A is an urban center. g Area A, there is a maximum density up to 30 units /acre, but there a minimum amount of units? Russ says it is a fiscal question. In an urban center, it is supposed to be a commercial corridor and not meant to be residential. There will be a mix of units. Russell says Planning Area B matches 30 units /acres and Planning Area C matches the 25 units /acres. Planning Area D has 15 units /acres. He asks about the maximum allowable building height in this zone district. Russ says there is no zone district as it is annexed property. 2 -3 stories are the guideline. Properties to the west are 50'. Staff measures the elevation of the building, high and low points, and takes the average.