City Council Study Session Summary 2008 02 26

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City Council Study Session Summary February 26, 2008 Page 4 of 5 Mayor Pro Tem Marsella asked why there was a difference in the operating change between Leland model vs. Director Watson's model. Director Watson stated that the numbers were different based on the current budget. City Manager Fleming added that the impacts were based on "what if" scenarios. Mayor Sisk asked if there was a need for outside consulting. Director Watson stated that he felt the City had the capability in-house. City Manager Fleming said that Director Watson has already saved the City thousands of dollars on the work that he has completed on the model. Mayor Sisk said that he would like to see the model expanded and that he thought the funding for a new Library should be taken out. He asked if Highway 42 had been incorporated and if there was any cannibalization. Director Watson said that he did not know based on the assumptions he had tested. Mayor Pro Tem Marsella said that the economic development report shows a net gain with no leakage. City Manager Fleming said that he would like to see the "what ifs" tool used for proposals to test the range of impacts depending on the assumptions. Mayor Sisk said that the test could be run against reality to see if the model is accurate. Councilor Dalton thought that they could test the model with ConocoPhillips and didn't think that the City should spend a lot of time or money, but should use the tool as a broad predictor. Councilor Muckle said that the model should be tested against real data with reasonable assumptions and to tweak the model in-house if at all possible. Assistant City Manager said that the City model would be a very useful tool to determine the relative impact new development might have on the City's finances. Mayor Sisk acknowledged that Leland provided the spring board. He asked when the model would be ready. Director Watson said that he estimated that it could be ready in the next few weeks. City Manager Fleming thought that next month or two would be more realistic as the Finance Department has other projects it is working on. A Louisville resident asked if an historical test had been conducted. Director Watson said that one had not been yet. The resident cautioned about copyright violation. Director Watson assured the Council and resident that he had talked with Leland and gotten their permission. 4. Continuation of Presentation/Discussion/Update -Planning Commission Planning Director Wood asked if there were any other tasks for the Planning Commission that Council would like to address. Mayor Sisk thought that the Planning Commission should focus on the Comprehensive Plan revision.