Planning Commission Agenda and Packet 2021 08 12

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Low Scenario: Current Proposed Total Takoda Total Takoda with Foundry PUD Foundry GDP with Current PUD Proposed GDP Revenue by Fund General Fund $1,206 $980 $8,161 $8,295 Open Spaces & Parks Fund $169 $174 $1,000 $1,056 Recreation Fund $254 $357 $3,368 $3,490 Historic Preservation Fund $37 $26 $218 $222 Capital Projects Fund $958 $1,306 $5,327 $5,699 TOTAL REVENUE $2,623 $2,843 $18,075 $18,763 Expenditures by Fund General Fund $832 $1,126 $10,344 $10,656 Open Spaces & Parks Fund $109 $168 $1,738 $1,796 Recreation Fund $228 $350 $3,613 $3,734 Historic Preservation Fund $0 $0 $0 $0 Capital Projects Fund $938 $1,655 $5,404 $5,715 TOTAL EXPENDITURE $2,107 1 $3,300 $21,099 $21,901 NET FISCAL RESULT General Fund $373 ($146) ($2,184) ($2,361) Open Spaces & Parks Fund $59 $6 ($738) ($740) Recreation Fund $27 $7 ($244) ($244) Historic Preservation Fund $37 $26 $218 $222 Capital Projects Fund $20 ($350) ($77) ($15) NET FISCAL IMPACT $516 ($457) ($3,024) ($3,138) AVERAGE ANNUAL NET IMPACT $26 ($23) ($151) ($157) Summary Staff finds that the proposal meets multiple policies within the Comprehensive Plan and the Small Area Plan, including policies for housing, density, building heights and mitigation of negative impacts. As described above, the plan is fiscally positive in the High scenario, and because of the concurrency requirement, the development will build out over the long term even in the Low scenario. PUBLIC COMMENTS: Public comments received to date are provided as an attachment. STAFF RECOMMENDATION: Staff recommends approval of Resolution 10, Series 2021; recommending approval of the Takoda General Development Plan, Seventh Amendment. ATTACHMENTS: 1. Resolution No. 10, Series 2021 Foundry GDP Amendment Page 11 of 12 PC — August 12, 2021 20