City Council Agenda and Packet 2015 05 19

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City Council Meeting Minutes May 5, 2015 Page 15 of 33 Carson Bise, TischlerBise, Fiscal, Economic and Planning Consultants, reviewed the objectives of the City's RFP as follows: 1. Develop a marginal -cost fiscal impact model to demonstrate the impact of land development applications. Estimate City -wide fiscal impacts associated with various land use scenarios developed as part of any Comprehensive Plan Update, or Small Area Planning process; 2. City will use to model land use and development scenarios. Evaluate the municipal fiscal impacts anticipated with various proposed individual land development applications; 3. Reflect current capacities of City departments. Clarify the City's levels of service during City Council goal setting, budgeting, and long -range staffing analysis. Account for different financing scenarios and be easy to update. TischlerBise was asked to create two models, one marginal cost model for City -wide planning and budgeting, and one average cost hybrid model for evaluating individual development proposals and reviewed the City's objective. Fiscal Impact Models are project based on the following: Geographic location; Timing /phasing of new development; Density; Physical development pattern; Road network and transportation choices. A Citywide Fiscal Impact Model also includes intervention strategies and cumulative effect of development decisions. Application Design: Developed in Excel and Visual Basic allows for a powerful and flexible application; easily modified; additional modules can be integrated at a later date. Transparent structure avoids "black box" concerns such as Data, assumptions, algorithms fully shown. Application Design: Land Use /Scenario Input Module: Development projects and growth scenarios are represented through demographic inputs; unlimited number of land use categories can be reflected and be designed to reflect multiple subareas (fiscal analysis zones). Capital Facilities: Option to have the model forecast the need for capital facilities or enter facilities directly; recognize unused capacities and /or determine growth's proportionate share of the costs; build new additions; lag /lead time of construction; financing mechanisms and repurchase after useful life. Operating Expenses: Can be organized by department or program area; reflects program - related operating expenses versus facility - related operating expenses; — forecasts staff and related expenses; ability to factor one -time costs and ability to factor fixed costs. 46