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City Council Finance Committee <br />Meeting Minutes <br />03/20/17 <br />Page 2 of 8 <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA <br />None. <br />IMPACT FEE STUDY UPDATE <br />Finance Committee Member Dennis Maloney, and Chair of the Impact Fee <br />Liaison Committee, addressed the Committee stating the Finance Committee <br />packet contained the PowerPoint presentation that will be made at the March 21 <br />meeting of the Impact Fee Liaison Committee. Member Maloney stated that the <br />ordinance would be presented to City Council for first reading at the April 4 <br />meeting. <br />Member Maloney summarized the results of the study stating that commercial, <br />industrial and the transportation fees were much higher than previous, but that in <br />comparison to other communities the proposed fees are still low for the Front <br />Range region. <br />Finance Committee Member Maloney stated that the increase in the <br />transportation fee and analysis makes sense, and he is uncertain as to why it <br />was so low in the past. Member Maloney also stated that as development slows, <br />the City may not have the drivers to warrant the transportation and other impact <br />fees five years from now. <br />Deputy City Manager Heather Balser stated that past impact fee studies were <br />plan -based, but that now the City is taking an incremental approach. Regarding <br />the transportation fee increase Ms. Balser stated that the price of steel, concrete <br />and labor have increased significantly, and that when looking at the impact fees <br />as a whole, the City's fees are still less than other communities. <br />Ms. Balser stated that this process highlighted the need in the future of a <br />Transportation Master Plan, and that issues regarding the future funding of City <br />facilities and identifying projects that may need to be funded in a different way, <br />need to be addressed. <br />Finance Committee Chairperson Ashley Stolzmann stated that she questions <br />whether or not the use of urban versus suburban is justified, and that she <br />believes the use of units versus square footage data is more fair and equitable to <br />measure the impact on Parks use. <br />City resident, John Leary stated that the local data utilized for the study are <br />averages only. Mr. Leary also stated he believes multi -family housing units have <br />the greatest impact on Parks. <br />3 <br />