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Fiscal Impact Model <br />Revenue by Fund <br />20-year totals (x$1000) <br />SCENARIO <br />Scenario 1 <br />% <br />Scenario 2 <br />% <br />Scenario 3 <br />% <br />General Fund <br />$2,113 <br />60% <br />$1,687 <br />59% <br />$1,095 <br />59% <br />Open Spaces & Parks Fund <br />$350 <br />10% <br />$286 <br />10% <br />$189 <br />10% <br />Lottery Fund <br />$0 <br />0% <br />$0 <br />0% <br />$0 <br />0% <br />Historic Preservation Fund <br />$122 <br />3% <br />$100 <br />3% <br />$66 <br />4% <br />Capital Projects Fund <br />$956 <br />27% <br />$781 <br />27% <br />$514 <br />28% <br />TOTAL REVENUE <br />$3,541 <br />100% <br />$2,854 <br />100% <br />$1,865 <br />100% <br />Expenditures by Fund <br />General Fund <br />$887 <br />67% <br />$681 <br />66% <br />$578 <br />63% <br />Open Spaces & Parks Fund <br />$22 <br />2% <br />$22 <br />2% <br />$21 <br />2% <br />Lottery Fund <br />$0 <br />0% <br />$0 <br />0% <br />$0 <br />0% <br />Historic Preservation Fund <br />$0 <br />0% <br />$0 <br />0% <br />$0 <br />0% <br />Capital Projects Fund <br />$408 <br />31% <br />$324 <br />32% <br />$312 <br />34% <br />TOTAL EXPENDITURES <br />$1,317 <br />100% <br />$1,027 <br />100% <br />$911 <br />100% <br />NET FISCAL RESULT BY FUND <br />General Fund <br />$1,226 <br />$1,007 <br />$517 <br />Open Spaces & Parks Fund <br />$328 <br />$264 <br />$168 <br />Lottery Fund <br />$0 <br />$0 <br />$0 <br />Historic Preservation Fund <br />$122 <br />$100 <br />$66 <br />Capital Projects Fund <br />$548 <br />$456 <br />$202 <br />NET FISCAL IMPACT <br />$2,224 <br />$1,826 <br />$954 <br />Criteria related to fiscal impact are by reference in the PUD approval criterion to policies <br />of the City's Comprehensive Plan. <br />Sec. 17.28.1208.1. — PUD Review Criteria <br />Development shall be in accordance with the adopted elements of the <br />comprehensive development plan of the city, and in accordance with any <br />adopted development design standards and guidelines. <br />The requested rezoning is located in the Highway 42 Urban Corridor of the <br />Comprehensive Plan. The Comprehensive Plan states that all Urban Corridors should <br />"demonstrate positive fiscal benefits to the City." <br />Based on the City fiscal model results, staff finds that the request is likely to provide a <br />positive fiscal benefit under the proposed phasing plan. Allowing a first phase of <br />development could help activate the area as a local commercial hub, establishing a <br />demand for the second commercial phase to take place. <br />PUBLIC COMMENTS: <br />Staff received one public comment in support of the project (see Attachment 9). <br />Planning Commission Page 5 of 6 <br />February 14, 2019 - Foundry Phasing Amendment <br />23 <br />