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City Council Meeting Minutes December 15 2015 Page 9 of 25 students on Monarch High School." BVSD anticipated 71 of the proposed Housing authority units to be restricted to seniors and were not used in their student evaluation. The letter states, Louisville Middle and Monarch High are able to accommodate projected growth. However Louisville Elementary will likely exceed its program capacity within 5 years if growth within the existing housing stock of central Louisville continues at its current pace. Fiscal Analysis: The new fiscal model was used for the retail analysis. Two scenarios were created; 1) At year one and 2) at year ten one. Both scenarios showed positive fiscal returns. Staff is comfortable the project is meeting the Comprehensive Plan in both design and fiscal performance. Staff Recommendation: Staff recommended City Council approve Ordinance No. 1710, Series 2015 and Resolution No. 9, Series 2015 for December 15, 2015 with the following four conditions: 1) The applicant shall note Xcel's prescriptive easement on the subdivision plat prior to recordation. 2) The applicant shall resolve off -site storm water routing with the Public Works Department and obtain necessary easements prior to recordation. 3) The Applicant shall provide an executed agreement between the Goodhue Ditch Company and BCHA to pipe the Goodhue Ditch prior to recordation. 4) The applicant shall comply with the November 5, 2015 Public Works memo prior to recordation. COUNCIL COMMENTS Council member Loo asked for confirmation the economic analysis for this project was positive. Interim Planning and Building Safety Director Russ confirmed it was more positive than the previous proposal. He explained the fiscal model takes into consideration the $1 Million in rebates and incentives. The previous GDP would have had a negative impact of $700,000. In the new GDP it is a negative $140,000 or about $5,000 per year. Council member Loo addressed the trail, which will be built by the County but maintained by the City and asked if it will be compliant to City standard. Interim Planning and Building Safety Director Russ confirmed it would. Council member Loo noted the parking waiver was granted because of the potential for public transit. She asked whether there would be a sidewalk to South Boulder Road for public transit. Interim Planning and Building Safety Director Russ explained there is not a sidewalk over the ridge, but there is one on the south side of an office building, which goes into Christopher Village.