Finance Committee Agenda and Packet 2018 05 22

Home Browse Search

City Council Finance Committee Meeting Minutes 04/16/18 Page 2 of 7 PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA None. DISCUSSION ON FISCAL IMPACT MODEL Director Rob Zuccaro presented to the Finance Committee a general guidelines table which has been prepared for reference use by staff in determining when to utilize the Fiscal Impact Model. Director Zuccaro stated that the Fiscal Impact Model may also be used for City resource and capital planning impacted by larger developments. Director Zuccaro stated that the first 4 items listed represent larger areas of the City while the remaining application types represent smaller land areas, and/or "by right" developments, or are for applications that require no changes in use or density. Director Zuccaro stated that the first 4 items plus any applications for Mixed Use Development PUD or Residential Subdivision — by right, with more than two lots created will required the use of the Fiscal Impact Model. Director Zuccaro stated that the table is a working document and requested Finance Committee feedback. Finance Committee Chairperson Maloney requested staff utilize a hybrid of the Marginal and Direct Costing of the Fiscal Impact Model for Mixed Use Development and for Residential Subdivision developments of more than two lots when higher acreages are involved. Director Zuccaro asked what the acreage threshold should be. It was discussed and determined that both costing models should be run for mixed use applications of 10 acres or more. Resident John Leary asked Director Zuccaro what 2-3 criteria are used to determine whether or not the Fiscal Impact Model is utilized. Director Zuccaro stated that size and indisputable right to develop are two criteria. Mr. Leary questioned whether waivers or SRU's that may have a land use impact would trigger the use of the Model. Finance Committee Member Lipton stated that material impact needs to be a consideration. Finance Committee Members and staff discussed these matters further. Committee Chairperson Maloney stated that he and City Manager Balser would work together on the presentation for the full City Council, and that Mr. Leary was welcome to propose more specific language identifying the criteria used for the table. Finance Committee Members and staff agreed that the table presented was a good starting point and would be adjusted as needed. The table and corresponding narrative can be located in the packet of the April 16, 2018 Finance Committee Meeting. 3