Planning Commission Agenda and Packet 2021 08 12

Home Browse Search

• Steel Ranch South Townhomes (The Overlook) • The Lanterns • Steel Ranch patio homes • Steel Ranch single family Staff utilized actual construction values for the previously constructed developments to reflect taxes and fees received at the time of development and assumed market values for ongoing revenues. The High (full build -out) scenario assumes full build out of the Foundry development for both the current PUD and proposed GDP. The Low (constrained) scenario assumes that the developments build out, but with a 10 year absorption timeline and 80% reduction in values. High Scenario: Current Proposed Total Takoda Total Takoda with Foundry PUD Foundry GDP with Current PUD Proposed GDP Revenue by Fund General Fund $2,445 $1,352 $8,747 $8,676 Open Spaces & Parks Fund $315 $231 $1,055 $1,093 Recreation Fund $313 $429 $3,390 $3,553 Historic Preservation Fund $76 $38 $231 $234 Capital Projects Fund $1,559 $1,557 $5,596 $5,791 TOTAL REVENUE 1 $4,707 1 $3,606 1 $19,019 1 $19,347 Expenditures by Fund General Fund $1,104 $1,307 $10,610 $10,858 Open Spaces & Parks Fund $109 $197 $1,738 $1,825 Recreation Fund $228 $409 $3,613 $3,793 Historic Preservation Fund $0 $0 $0 $0 Capital Projects Fund $1,055 $1,654 $5,521 $5,713 TOTAL EXPENDITURE 1 $2,496 1 $3,567 1 $21,482 1 $22,189 NET FISCAL RESULT BYFUND General Fund $1,341 $44 ($1,863) ($2,182) Open Spaces & Parks Fund $206 $34 ($683) ($732) Recreation Fund $85 $19 ($223) ($240) Historic Preservation Fund $76 $38 $231 $234 Capital Projects Fund $504 ($97) $74 $78 NET FISCAL IMPACT $2,212 $39 ($2,463) ($2,841) AVERAGE ANNUAL NET IMPACT $111 $2 ($123) ($142) Foundry GDP Amendment Page 10 of 12 PC - August 12, 2021 19