City Council Minutes 2013 04 02 - Laserfiche WebLink

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City Council Meeting Minutes April 2, 2013 Page 15 of 21 The majority of the City falls under the Suburban character, which contain the following: a disconnected street network, street loaded properties multimodal, higher speed streets and larger parcels, oriented towards property and vehicular mass and scale. In a Rural Character there is no street network, there are street loaded properties, vehicle and bicycle design, higher speed streets, larger parcels and natural resource orientation. Louisville's Area Types include Centers; Corridors; Neighborhoods; Special Districts and Parks and Open Space. Characteristics of a Center would include a mix of uses; connected streets and land uses; destination places; central public spaces and retailing opportunities. Characteristics of a Corridor includes a mix of uses; development focused on the road and linear connections along the roadway. Characteristics of a Neighborhood include predominately residential; public spaces integrated within and general lower densities. Characteristics of a Special District include single use districts (industrial/Office); unique development customized to a particular location. Characteristics of Parks and Opens space is a single institutional or civic use. Framework Plan: The Framework is a map which reflects preferred land use patterns and community character zones for specific geographical areas. The designations do not regulate uses, densities, or yard and bulk standards for parcel specific locations. Uses, densities, and yard and bulk standards for individual parcels are conceptual and will be refined in subsequent small area and neighborhood plans and implemented through changes to the Louisville Municipal Code. Market Forecast & Fiscal Health: Staff worked with an economic and fiscal consultant TischlerBise, to assess the fiscal impacts of the framework plan over the next 20 years. He introduced Mr. Carson Bise. Mr. Bise explained their company is based in Bethesda, Maryland and they have offices in California and Florida. They have a specific focus on cost of growth issues and infrastructure finance. He stated they consulted on the City's impact fees. He stated they are the national leader in fiscal impact and economic impact studies. He applauded the City for considering a market and fiscal element in the plan. The Fiscal Analysis forecasts the fiscal health components in the Comprehensive Plan Update. Their Real Estate Market Analysis included the following Sectors: Residential, Office/Commercial and Retail. Residential Growth: Louisville received most of its population in the 1970's, 1980's and early 1990's. The City is approaching buildout so the housing growth has slowed down. There is robust population and household growth in surrounding jurisdictions. Louisville's potential for future residential growth will be in the infill or Greenfield areas.