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City Council Meeting Minutes April 2, 2013 Page 20 of 21 Market and Financial Analysis. Planning Director Russ explained the Framework Plan shows the buildout of the City. The 1,500 apartment units identified in the Framework Plan show what, combined with the zoning, could be allowed at buildout. The difference between the two is what TischlerBise believes the market can yield. They are two different items; one is the 20-year forecast absorption rate and the other is the buildout of the City. Council member Keany asked if this would be the maximum amount allowed for buildout. Planning Director Russ responded no and explained there are many different scenarios which could arise. Mayor Muckle inquired how the absorption rates are calculated. Mr. Bise explained local realtors were interviewed and data from Louisville's historic absorption rate and the absorption rate of surrounding communities were analyzed. He stated the calculations are contained in the demographic economic and fiscal analysis report. Mayor Muckle inquired about the calculation for increased public safety and City services. Mr. Bise stated the assumptions made were very conservative. One of the recommendations of the plan was to have a new fiscal model on the operational efficiencies of various departments. The conclusion was there would be a 10% discount to costs of providing police and public works engineering services for infill development when compared to green field development. Mayor Muckle inquired about the Urban Renewal property being taken out of the General Fund, but the Fiscal Analysis does not show it being subtracted. Mr. Bise confirmed Mayor Muckle's statement, but stated the fiscal neutrality still stands. Mayor Muckle proposed to continue the discussion on the Comprehensive Plan Update. Deputy City Manager Balser asked if there was any information Council desired before the next meeting. Mayor Muckle requested Council email staff their requests for additional information. ORDINANCE No. 1629, SERIES 2013—AN ORDINANCE AMENDING CHAPTERS 17.08 AND 17.12 OF THE LOUISVILLE MUNICIPAL CODE TO ALLOW FOR PET CARE BUSINESSES TO BE LOCATED IN THE COMMUNITY COMMERCIAL (CC), COMMERCIAL BUSINESS (CB), AND INDUSTRIAL (I) ZONE DISTRICTS AS A SPECIAL REVIEW USE — 1st Reading —'Set Public Hearing 4/16/13 Mayor Muckle requested a City Attorney introduction. City Attorney Light read Ordinance No. 1629, Series 2013. MOTION: Mayor Muckle moved to approve Ordinance No. 1629, Series 2013 on first reading, ordered it published and set a public hearing on April 16, 2013, seconded by Council member Jasiak. All were in favor.