City Council Minutes 2014 06 17 - Laserfiche WebLink

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City Council Meeting Minutes June 17, 2014 Page 5 of 7 Council member Stolzmann made the following comments on marginal cost fiscal model: • Making this the best model possible for the money. • Improving the analysis for use tax to ensure it reflects the mix of use tax between office, commercial and residential. • Look at the relationship between spending and income. • On the average cost model not double count on the household side. • Don't double count going forward on retail spending. • Try to capture the cannibalism factor with local retail versus regional. • Capital Projects as relates to the Impact Fees. If the City does not collect a fee, it does not relate back to the project. • Being careful with TABOR limits. • Proposal only allows for two alternate scenarios. Important to look at game changers — new tax, planned use change at ConocoPhillips for example. • Re- evaluate the value of public land on the Capital side. • Backfill Urban Renewal until 2032. • Importance of the level of service being set by the people of Louisville (City Council representatives). • Correct last report from Tischlerbise, which seriously misrepresented the magnitude of the different types of tax categories. • The proposal suggests the Finance Committee will have a meeting with Tischlerbise. She suggested the meeting be held in the middle. • The importance to model current land use and see where the City is. Council member Lipton agreed with many of Council member Stolzmann's comments. MOTION: Council member Lipton moved to approve the Contract with Tischlerbise, Inc, for the model creation of a new marginal cost fiscal model, seconded by Council member Loo. RoII call vote was taken. The motion carried by a vote of 5 -0. Absent: Mayor Muckle and Council member Keany. ORDINANCE No. 1667, SERIES 2014 — AN ORDINANCE APPROVING THE VACATION OF A 20 -FOOT WIDE DRAINAGE AND UTILITY EASEMENT WITHIN LOTS 1 -4, BLOCK 5, THE BUSINESS CENTER AT C.T.C. REPLAT C — 2nd Reading — Set Public Hearing Mayor Pro Tem Dalton requested a City Attorney introduction. City Attorney Light introduced Ordinance No. 1667, Series 2014. Mayor Pro Tem Dalton opened the public hearing and requested a staff presentation. Planning and Building Safety Director Russ explained the Business Center at CTC Replat C Subdivision was platted in 2001 with a dedicated 20 -foot drainage and utility