Planning Commission Agenda and Packet 2022 09 22

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Fiscal Impact Estimates Full Buildout— 20 Year Totals High Low 80% x$1000 Revenue by Fund General Fund $27,579 $20,932 Open Spaces & Parks Fund $2,305 $1,629 Recreation Fund $922 $651 Historic Preservation Fund $282 $154 Capital Projects Fund $18,276 $14,056 TOTAL REVENUE $49,364 $37,421 Expenditures by Fund General Fund $12,900 $10,363 Open Spaces & Parks Fund $1,616 $1,616 Recreation Fund $164 $164 Historic Preservation Fund $0 $0 Capital Projects Fund $8,683 $7,601 TOTAL EXPENDITURE $23,362 $19,743 Net Fiscal Result by Fund General Fund $14,679 $10,568 Open Spaces & Parks Fund $689 $13 Recreation Fund $758 $488 Historic Preservation Fund $282 $154 Capital Projects Fund $9,593 $6,455 NET FISCAL IMPACT 20 Years $26,002 $17,678 AVERAGE ANNUAL NET IMPACT $1,300 $884 The fiscal model estimates that costs are covered by revenue in each fund and estimates a positive fiscal impact that averages $884,000 annually, or $17,678,000 over 20 years with the "Low" model input adjustments, compared to an average of $1,300,000 annually, or $26,002,000 over 20 years for the "High" model inputs. The Comprehensive Plan policy for the Phillips66 Rural District states that the "Land use mix demonstrates neutral fiscal benefits and positive economic benefits." The fiscal model estimates a positive fiscal benefit to the City. Economic benefits are anticipated from the added employment base and workforce to support local businesses. Request for Additional Analysis on compliance of the Preliminary and Final Plat proposal with the 2010 ConocoPhillips Campus General Development Plan approval and any applicable sections of Chapter 17.72 — Planned Community Zone District. Per LMC Sec. 17.72.030, the purpose of a GDP is to set forth the following: A. The proposed use of all lands within the subject property; B. The type or character of development and the number of dwelling units per gross Redtail Ridge Prelim/Final Plat Page 5 of 14 PC — September 22, 2022 20