Planning Commission Agenda and Packet 2023 12 14

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Planning Commission Meeting Minutes November 9, 2023 Page 4 of 6 Moline asked how the housing strategies would integrate with the comprehensive plan. Zuccaro said that the comprehensive plan would look at future land uses in addition to the existing zoning code. He added that the plan would include a market study and examination of fiscal balance. He discussed the importance of having a balance of commercial and residential zoning to maximize economic vitality. Hirt said that one of the potential strategies would be to identify which areas could be appropriate for a residential use that currently aren't zoned for it. These strategies would give the City a head start in identifying some of these underutilized areas. Moline said that those were the strategies that most resonated with him. Krantz asked whether each Commissioner should go through and answer the questions posed by staff. Brauneis asked Krantz if she could go over her written comment. Krantz said that she found strategies 3 and 6 resonated the most with her. She felt that they were missing a strategy to help those who were still displaced by the Marshall Fire. She wanted to know if the matrix could include information on the long-term costs of the strategies, their economic impacts, their environmental attributes, and how they would affect the tax base. Osterman said that strategies 1, 2, 3 and 5 resonated the most with her. She wanted to know if the report would address the inclusionary housing ordinance, particularly about whether the requirement should be increased from 12%. Zuccaro said that staff had been discussing this with the consultants, and that there would be a recommendation on the inclusionary housing ordinance in the final report. He said that one of the possible recommendations was to have the fee -in -lieu option at a higher rate than if the affordable units were included on the site. Brauneis again invited public comment. Sherry Sommer, a resident, brought up the possibility of converting underutilized office space to affordable housing units. She also suggested that the City could buy existing small houses to use as affordable housing, as they would already be integrated into the neighborhoods of the City. She was unsure about the effectiveness of the 12% affordable housing unit requirement. Cindy Bodell, a resident, asked how much each new resident costs the City. Zuccaro said that the complex fiscal model showed that there was still a cost to each new resident, and that new tax revenue did not make up for increased demand for services. He noted that there were cases, such as with underutilized and underperforming commercial corridors, that residential development can make more financial sense, but that this is not captured in the fiscal model. Brauneis agreed with Zuccaro's assessment and asked whether the Colorado Department of Local Affairs had updated their estimates since the 1997 figure. City of Louisville Community Development 749 Main Street Louisville CO 80027 303.335.4592 www.LouisvilleCO.gov