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Economic Vitality Committee <br />Meeting Minutes <br />January 22, 2020 <br />Page 2 of 4 <br />sees that the Committee should be bringing forward policies and actions that <br />respond to areas of community concern. <br />All Committee members agreed that this meeting was a forum to have more in- <br />depth conversations and dialogue. <br />Andy Clark, Owner of Moxie Bread, stated that it is not just what the City is <br />doing now but the direction it is going. He said Lafayette has been thoughtful <br />toward its retail and events. <br />The Committee agreed Director Pierce would try to incorporate the discussion <br />and feedback into a distinct Purpose and Objectives for their consideration. <br />VIII. Discussion on Draft Cost of Development Scorecard: Director Pierce <br />explained that the Scorecard grew out of City Council’s review of water tap fees <br />in November 2019. There was a desire to understand the total impact of the <br />City’s fees on a development, as well as how this compared to surrounding <br />communities. <br />Mayor Stolzmann said the Scorecard should include information on the <br />difference in property taxes and property tax burden. She also suggested it <br />include a comparison of sales taxes in other communities. <br />Council Member Dickinson said that there was understanding as to why the <br />water tap fees increased significantly, but that the City needs to be able to <br />explain the ways in which we are competitive. <br />Jim Tienken, resident, stated that this does not capture the time value of <br />money. He understood it is difficult to empirically measure, but that the <br />reception from the City and the process are a big deal to developers. <br />Susan Loo, resident, suggested the Scorecard needs to capture the subsidies <br />that may be given by other entities. She said Louisville has not had a handle on <br />the packages other communities offer. <br />Mr. Clark said that he was not presented the option for business assistance <br />until after his lease was signed, so he was no longer eligible to apply. He <br />believes a business owner should not have to fish for that information. Mayor <br />Stolzmann agreed that there needs to be a conversation about the purpose and <br />for the program to be clear. <br />City Manager Balser clarified that it will be difficult for the Scorecard to be a true <br />apples-to-apples comparison. She also expressed it is important to focus on <br />what the City controls. <br />Staff will continue to gather data and refine the Scorecard information received. <br />Packet P. 3