City Council Minutes 2010 04 06 - Laserfiche WebLink

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City Council Meeting Minutes April 6, 2010 Page 5 of 17 made recommendations on methodology. ConocoPhillips agreed and incorporated all of staff's recommendation in the February 1, submittal. ConocoPhillips' Fiscal Impact Analysis important assumptions include the following: · 1.6 million SF occupied at the end of 2013 (Phase 1) · 1.75 million SF occupied at the end of 2018 (Phase II) · 2.5 million SF occupied by 2032 (Phase III) · Phase III is beyond the tirneline of the current Fiscal Impact Model. · $275 per SF construction value results in $8.1 million in building use tax (Phases I & II). · $300 per SF appraised vallues results in $934,000 (General and Debt Service) in annual property tax revenue (Phase I). · $263,000 per year in sales tax generation (Phase I) · $4 million in building permit fees (Phases I & II) · $75,000 in personal property tax (Phase I) · Impact fee credit for the first 1.7 million SF of development (still under discussion) Councilor Muckle asked for the source of the personal property tax. Finance Director Watson stated it is the personal property tax within the facility. APPLICANT PRESENTATION Mary Manning, ConocoPhillips GIEmeral Manager for Corporate Real Estate, reviewed ConocoPhillips purpose, values, commitment to a sustainable development and their vision for the site. She outlined the proposed development's master plan. In Phase 1, 1.6 million SF is proposed for Offiice (472,647 SF); Research Center (502,617 SF); Learning Center (34,967 SF) and Private Lodge (120 rooms). In Phase 2,135,630 SF is proposed for Research Center arid in Phase 3 Office (299,155 SF); Research Center (437,451 SF). At Buildout 2.5 million SF will utilize only approximately 60 acres of the 432 acre site. Ms. Manning outlined the community benefits and impacts; the open space and trail system and transportation improvements. She reviewed the value of the ConocoPhillips Campus to the City of Louisville, which include: 14% Land Dedication; construction of public trails, landscape and irrigation of public lands; construction of the buried Xcel Energy power lines; preservation of 40 acres of Broomfield parcel as prairie open space; construction of Campus Drive; planning of preservation of the easement for the Paradise Lane properties; loopin~l public waterlines; offsite infrastructure improvement. She compared the current conceptual plan for 35' height development and a varied building height ranging from 35' to 95'. Rob Berg and Paul Wilhelm from HLK, presented a conceptual panoramic view of the ConocoPhillips site, which illustrated the methodology of the Campus Density