City Council Minutes 1984 02 07 - Laserfiche WebLink

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2,7/84 Page -20- The first would be an annual from Homart to take care of whatever that deficit was iri any given year until it reached an even keel. SE~condly to reduce the service level of city services. Thirdly an increase in taxes. HE' then inquired if there was. some other og>tion to raise the needed revenue. Administrator Wurl stated if the commercial/ retail were built in advance of the residen- ti.a~. this would offset the first way of taking care of the deficit,. to the extent of: the numbers staff had developed. Fur- tr~er stated total development of the retail ar.~d office area would not offset the total Centennial Valley annexation. Mr•. Luce commented that the first scenario might be a retaining of the equation that could be used in terms of phasing. Mr. Wurl agreed. City's Cost To Develop Councilman Luce inquired what the cost would Park in Parcel C be for the City to develop the park in Parcel C. Administrator Wurl advised $16,000 per acre x 27 acres - approximately $432,000. Homart's Original Zoning Mr. Luce inquired if an analysis had been done in terms of the impact~~of the old zoning, if the old zoning were to stay in effect. Mr. Wurl advised this had not been done. He then stated the housing units would be the same; the density would differ; and would assume a larger home would provide more ad valorem tax, but this had not been reviewed. Mr. Luce asked how many home would be allowed under the R-E zoning: Director Rupp advised 3.5 per acre, some graphic comparisons would be Continental View Estates and some of the larger homes at Mesa Point. Vehicular Movement and Access Councilman Dace asked of Director Kasch what to the City the assessment was from staff's view of the proposed rezoning versus the old zoning`'in terms of vehicular movement? Mr. Kasch replied the old zoning placed more emphasis on greater traffic volume on given dad to the shopping mall; the new plan places more emphasis on peak hour traffic because