Planning Commission Agenda and Packet 2020 08 13

Home Browse Search

Planning Commission Meeting Minutes June 25, 2020 Page 3 of 24 He also mentions that the surpluses generated to the debt service fund occur because the existing city debt service expenditures are not directly attributable to the proposed development. The analysis also highlights the city's reliance on sales and use taxes. Commissioner Questions of Consultant: Moline asks if Bise knows what the city's overall debt commitment is and how much of a contribution that will total that will factor into the city's overall debt burden. Can the debt service fund be utilized in other areas? Bise says he will have to get back to him for the first question. As for the second question, he says he does not have an answer for that. He thinks it may be possible to change the debt levy. Diehl states that for over 20 years, the open space and parks and rec funds look as if they were breaking even. In terms of capital dollars, it is about two million dollars a year. Is that an appropriate way to look at it? Bise says yes, you could look at it as staying generally neutral. We did not take into account that there is likely to be metro districts established. As part of this analysis, the city would be building parks and roads and developers would be paying impact fees. To an extent, those things are mitigated through metro districts. Diehl asks if that means that there is an additional cash flow coming in for the city. Bise says that it is complicated. If the metro district provides the parks, a certain portion of the parks and open space land is likely to be credited to the impact fee amount. It is difficult to say what will be classified as system wide improvements versus improvements that are just serving that development though. It is the same with the road network. He says that they cannot accurately project at this point what is an impact fee eligible expenditure from the metro district and what is not, so they have just modeled based on the entire relationship. Brauneis asks if he can you go more into detail of what is driving those deficits for the open space fund. Bise first describes what is a special revenue fund and how those funds are not covering the costs today of open space and parks funds revenue. He says that every year, the general funds transfer money to balance out those budgets. If you are looking at a balanced budget and you are going to maintain a certain level of services, it is always going to run as a deficit. Brauneis asks if that is for maintenance as well. Bise says it is for programs, maintenance, administrative and a portion in the capital fund because the funds are covering for everything. Some of the impact fees are transferred into the open space and parks fund but they also are transferred into the capital improvements fund. Rice asks Bise to speak to the third column of the fiscal analysis summary.