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� itiyf <br />L6 Lcouisville <br />COLORADO • SINCE 1878 <br />City Council <br />Meeting Minutes <br />May 14, 2024 <br />Library Meeting Room <br />951 Spruce Street <br />6:00 PM <br />Call to Order — Mayor Leh called the meeting to order at 6:00 p.m. Roll Call was taken <br />and the following members were present: <br />City Council: Mayor Chris Leh <br />Mayor Pro Tem Caleb Dickinson <br />Councilmember Tim Bierman <br />Councilmember Deborah Fahey <br />Councilmember Barbara Hamlington <br />Councilmember Dietrich Hoefner <br />Councilmember Judi Kern <br />Staff Present: Jeff Durbin, City Manager <br />Samma Fox, Deputy City Manager <br />Rob Zuccaro, Community Development Director <br />Meredyth Muth, City Clerk <br />FISCAL IMPACT MODEL OVERVIEW <br />Director Zuccaro gave an overview of the fiscal impact model the Planning Department <br />uses for land use applications. This tool is a way to estimate how land use changes <br />affects one-time and ongoing revenue for the City as well as the cost to the City to serve <br />those developments. Different land uses have different costs to the City. It is a high <br />level estimate of what different land use mixes bring to the City. <br />Fiscal models can help ensure new developments have sustainable funding for City <br />capital needs and services and evaluate the fiscal impact of different land use scenarios <br />and changes. Fiscal models do not evaluate market conditions needed to support <br />desired land use; secondary economic or fiscal benefits from allowing certain land uses; <br />or align land use policies with other City policies. It is a balance for the Council to <br />determine what other policy considerations need to be considered. <br />The City developed fiscal models in 2014. The Development Impact Model has <br />marginal/average cost hybrids for individual development proposals. The Area Planning <br />Model is a marginal cost model for City-wide or area land use scenarios, but this model <br />doesn't align with the current program budget structure so staff does not don't use it. <br />City of Louisville <br />City Council 749 Main Street Louisville CO 80027 <br />303.335.4536 (phone) www.LouisvilleCO.gov <br />