City Council Minutes 2003 03 12 - Laserfiche WebLink

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Louisville City Council Special Meeting March 12, 2003 Page 2 Nancy Love, 841 Front Street, Louisville, CO, thanked Council for supplying the banners for the St. Patrick's Day celebration. She invited everyone to participate on March 17th. Tom Mayer, 580 Wildrose Way, Louisville, CO, reported receiving an email from the City of Lafayette Librarian announcing they are considering charging for library cards. DISCUSSION DIRECTION - SOUTH SUB AREA COMPREHENSIVE PLAN AMENDMENT INTRODUCTION - OPENING COMMENTS City Manager Bill Simmons stated the purpose of the meeting is to discuss and give direction on generalized goals for the South Sub-Area. He explained the Steering Committee has reviewed the matter for some time and at their March 4th meeting there was consensus that Council should discuss and give direction on the goals. He explained the process for the comprehensive plan amendment, as outlined in the Louisville Municipal Code. He stated following the Finance Director's review of the fiscal impact study, the stakeholders would make presentations about their desired plans. OVERVIEW OF FISCAL IMPACT STUDY Finance Director Charlene Laus stated the Fiscal Impact Analysis was developed as a tool for the City of Louisville to analyze the fiscal impact of various possible uses of the undeveloped land in the South Sub-area. The model was designed to estimate the cost to the City of maintaining the same levels of service that the current community is receiving. The model was developed using the best information available for estimating impact 20-50 years into the future. Laus explained the model contains a large number of assumptions and calculations of revenue and cost variables that are applied to the different land use scenarios to determine the estimated net fiscal impact that can be expected. Included in the model are estimates of various revenue streams for both operating (on-going or annual) and capital (development or one-time) revenues. The assumptions used for each of these revenue sources are based on the most current information available to the City. Laus pointed out the model is not perfect. The intent of the model is to provide a tool or a framework for determining possible fiscal impacts to the City for the various development proposals. The revenue assumptions and cost variables are the same in each scenario. The inputs for the model are the development estimates and the build-out schedule for the proposed development. The model currently contains build-out schedule that are evenly distributed over a number of years. The actual build-out schedules will be critical in determining the true impacts to the City and will need to be adjusted as better information in this area is obtained. 2