Finance Committee Agenda and Packet 2016 08 15

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City Council Finance Committee Meeting Minutes 07/18/16 Page 2 of 6 REVIEW OF UPCOMING 2016 IMPACT FEE STUDY Heather Balser, Deputy City Manager, presented to the Finance Committee the process and timeline for the Impact Fee Study. Ms. Balser stated that the RFP for the contracted services was sent out last week and that responses are due the end of July. Ms. Balser stated a liaison committee is needed to review the responses received, meet with City departments, and draft a recommendation to be presented to City Council in September. The Deputy City Manager stated that she would work with Mayor Muckle to select a City Council representative for the committee and that the remaining members are generally contractors or developers, residents, members of the business community and other Finance and Planning staff. Council Member Maloney asked if the methodology used to determine Impact Fees is still sound, and whether a 5 -year review is prudent. Member Maloney stated that adding an inflationary factor should be considered. City Manager, Malcolm Fleming stated that the methodology used by these types of firms is basically the same and is pretty well defined within the industry. Finance Committee Chairperson, Ashley Stolzmann, stated that the number of acres of park and open space need to be reviewed, along with the cemetery, museum, and a few other facilities that have already been identified and discussed with Planner Robinson. The Finance Committee discussed the use of the number of bedrooms to determine residential impact fee amounts. Finance Committee members stated they had received a few complaints about the fees from residents and builders. Committee Chairperson Stolzmann stated that she is not certain the use of bedrooms is an accurate measurement of impact for all types of City services. Planning Director, Rob Zuccaro stated that he would review the possibility of setting different fees for new home construction versus remodel projects. The report and corresponding narrative can be located in the packet of the July 18, 2016 Finance Committee Meeting. REVIEW OF FISCAL IMPACT MODEL Planner Scott Robinson started the discussion of the Fiscal Impact Model stating that Carson Bise of TischlerBise would be available by phone during the meeting to answer Finance Committee questions. 3