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<br />Planning Commission <br />Meeting Minutes <br />MAY 25 2006 <br />Page 4 of 9 <br /> <br />. EPS staff that worked on the North End Properties Fiscal Analysis project <br />. Fiscal experience from 2001 - 2006 including a list of other jurisdictions <br />. Fiscal Methodology <br />. The Louisville Process - referenced the 24 page detailed report <br />. Summary of Findings <br /> <br />Commission Questions of Applicant: <br />McAvinew discussed the difference between the EPS report and the one prepared by John Leary. <br /> <br />Knudtsen provided an example difference of the calculation of trips to the grocery store impact <br />and if that is considered residential or commercial. He also discussed the employment inflow vs. <br />the commercial shopper inflow and how they differ. <br /> <br />Pritchard discussed Table 5 and 6 (page 8 of21 and page 9 of21) of the Fiscal Analysis report <br />with Knudtsen. <br /> <br />Members of the Public: <br />John Leary, Louisville, presented the following Fiscal Analysis report using the following titled <br />power point slides: <br />. Title slide <br />. Questions to be Answered <br />. Focus on Operating Budget <br />. Red Flags <br />. North End Financial Analysis is Flawed for 2 reasons <br />. Comp Plan Model distortions <br />. Industrial/Office Model Distortions <br />. Modeling a second CTC (validate the model) <br />. ResidentialINon-residential cost allocations <br />. Louisville's Allocation of Operating Costs <br />. Addressing Distortions <br />. Reallocation of Cost Analysis <br />. Implications of Reallocations <br />. Impact on North End Fiscal Impact is Two-fold <br />. North End Analysis Error (2 slides) <br />. Impact on North End Analysis <br />. Summary of Adjustments <br />. Annual Operating Surplus/Deficit Current (Proposal vs. Entitlement) <br /> <br />Commission Questions ofMr. Leary: <br />Hartman inquired if Leary had the opportunity to discuss his analysis with the City's Finance <br />Director and if so what were her comments. <br /> <br />Leary stated that he could not speak for the director but he felt that she agrees with his analysis. <br /> <br />Bill Simmons, City Manager, discussed the Allocation Table, Slide #10 "Louisville's Allocation <br />of Operating Costs". He concluded by stating that new residences help to sustain the current <br />commercial development. <br /> <br />Dalton asked if staff had available the number of single family units vs. multi-family units for <br />the City. <br />