City Council Minutes 2015 03 17 - Laserfiche WebLink

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City Council Meeting Minutes March 17; 2015 Page 17 of 31 MOTION: Mayor Muckle moved items 1,2,3 and 4 of the 245 North 96th Street Project be continued to the April 7th City Council meeting. The motion died for lack of a second. Council member Lipton stated the City Attorney advises the annexation and zoning ordinance and the annexation agreement could be approved this evening and staff and the County have 60 days to work on the financial agreement. His concem centered on the fiscal analysis. He requested the staff assure Council that they have examined the fiscal analysis and it is accurate and reflects the right numbers. Planning and Building Safety Director Russ explained the staff received the fiscal impact study on the moming of March 16th. He reviewed it against the consistency of the GDP and made sure the numbers and the square footages are consistent with what is allocated within the GDP. There was an increase in fiscal performance due to the change from non - profit use to a retail use.. The consultant (EPS) has done a number of fiscal impact studies for Louisville and they know the City's methodology and there is high confidence the model is correct. It shows an affordable housing project will show a negative fiscal retum. The fiscal model is theoretical and not budget based. Council member Lipton stated his view the fiscal model is directional and it is certain this project will not make money for the City. He did not like receiving the impact study without having a chance to look at the data prior to the night of the meeting. He asked City Attorney Light if there was still an opportunity to review the impact study, if the annexation and zoning ordinance and annexation agreement were approved this evening but conditioned by approval of the fiscal model. City Attomey Light explained the Council could act on Items 1 -3 and would not be bound by the financial incentives. The City and County will continue to work toward mutual financial agreement during the next 60 days. He did not think the zoning could be conditioned upon the approval of the fiscal model. Planning and Building Director Russ stated the County gave the City a fully vetted fiscal model for the non - profit. He explained nothing in the zoning code is tied to the fiscal model. He requested an update to the model two weeks ago and apologized for timing of the delivery of the fiscal model. He noted the worst case scenario would be the first model for the non- profit. Mayor Muckle did not feel the model would change much. Council member Lipton agreed but was concemed with the process. ORDINANCE No. 1679, SERIES 2015 MOTION: Council member Lipton moved to approve Ordinance No. 1679, Series 2015; seconded by Mayor Muckle.