City Council Agenda and Packet 2012 10 09 SP

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SUBJECT: DATE: DISCUSSION /DIRECTION - 2013 RECOMMENDED BUDGET OCTOBER 9, 2012 PAGE2OF5 speeds in the area of St. Andrews & Dillon as well as the intersection of Dillon & 88th Avenue as it is all functionally interdependent at certain times of the day. No solution has been identified due to the need for the data described above. The current CIP budget considers the worst case scenario of a signal or roundabout type installation. It is our desire to be able to identify a solution that utilizes traffic calming and reduction of lanes that would be less costly and more efficient while still embracing a pedestrian friendly environment. The area has been identified in the Comprehensive Plan as a candidate for lane reduction based upon high level average daily traffic volume to street capacity analysis. The details currently being collected reflect a more detailed specific analysis related to AM /PM peak hour traffic which affect the solution. This project can begin design by the end of the year and could be constructed in 2013 if deemed a higher priority during the budget process (assuming something else falls back, of course). 5) Discuss property tax revenue assumptions — how did the City determine the potential increases for 13 and 14? The 1.3% increase in 2013 property tax revenue comes from the preliminary 2012 assessed valuation that we have received from the Boulder County Assessor. The final assessed valuation numbers, which we typically receive at the end of November, should be fairly close to this. The 3.4% average annual increase for 2014 through 2017 is a Finance estimate based on the expectation that significant valuation from Steel Ranch and North End will hit the rolls and offset any negative adjustments during the re- appraisal years (2014 and 2016). 6) Open Space zoning, where are we on this project, is the $10,000 in 2 years enough to complete? What are we required to do legally? Zoning open space requires title research through Boulder County records, plat review, PUD review, etc. to make sure that every document is accurate and that records associated with the sale /transfer of the property, intent of dedication, etc. are consistent. Much of our open space is composed of a number of parcels. This is a time consuming process and it is not anticipated that open space zoning will be completed in two years unless considerable time and additional monetary resources are identified for this task. Currently zoned are Hillside, Davidson -Mesa and Damyanovich. Staff is currently working on zoning Coyote Run utilizing contracted resources. Staff will have a better idea in the next few weeks regarding the time and cost necessary to complete all open space zoning. While recognizing a desire to move more quickly in this effort, staff certainly believes the City is in compliance with charter /legal requirements regarding open space zoning. 7) Steel Ranch South Trailhead, detail funding, sources and in CIP or Conservation Trust Fund? This item is funded in the Conservation Trust Fund in 2013 for $150,000. 8) Sports Complex Concession Stand Funding, why remove from budget? This item was removed in order to balance the budget and so as to maintain a minimum balance within the Conservation Trust- Lottery Fund. To date the CITY COUNCIL COMMUNICATION 3