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HomeMy WebLinkAboutEconomic Advisory Commission - Minutes - 01/19/20111 Minutes City of Fort Collins Economic Advisory Commission Regular Meeting 300 LaPorte Ave City Hall January 19, 2011 11:00 a.m. - 1:30 p.m. For Reference: Christophe Febvre, Chair 227-0282 Mayor Doug Hutchinson, Council Liaison 416-2154 Mike Freeman, Staff Liaison 416-2259 Wendy Bricher, Minutes 221-6506 Commission members present: Christophe Febvre; Michael Kulisheck; Rick Price; Kevin Shaw; Bill Timpson; Commission members absent: Blue Hovatter Stu MacMillan Jim Clark Channing Arndt Guests: Eric Sutherland Dale Adamy Ann Hutchison Staff Present: Mike Freeman, Chief Financial Officer Josh Birks, Economic Advisor Wendy Bricher, Minutes Jon Haukaas Agenda Item 1: Meeting called to order Meeting called to order at 11:00 a.m. Agenda Item 2: Approval of minutes Unanimous approval of minutes 11/17/10, 12/15/10 Agenda Item 3: Public Comment Eric Sutherland wished to reiterate his counterpoint regarding the SMART Grid Project; he believes the dollars spent on smart meters is a waste of money and the decisions being made are based on misinformation and staff decision making. He believes SMART Grid and the RMI2 building do not make good economic sense. Mr. Sutherland also commented on EAC attendance and stated that he believes three unexcused absences results in automatic removal from the board. Financial Services 300 LaPorte Ave PO Box 580 Fort Collins, CO 80522 970.221.6505 970.224.6107 - fax fcgov.com 2 Dale Adamy has served on the Air Quality Advisory Board and stated that he found it helpful for his board to have a liaison to other boards within the City structure. He suggested that EAC appoint a liaison to the Transportation Board as well as other relevant boards. Rick Price agreed to act as a liaison to the Transportation Board as best he can, and bring back relevant information to the EAC. Christophe Febvre also agreed to contact the Chair of the Transportation Board. Agenda Item 4: Follow-up discussion regarding previous meetings Bill Timpson presented the following motion for EAC consideration: MOTION: The EAC recommends that City Council explore how to make City tax and fee revenues more diversified, equitable, and sustainable. After thorough discussion and questions, Bill Timpson agreed to revise the motion and bring it forth at a later date. Mike Freeman commented that this would not be a typical item a board would initiate, and that the EAC should consider asking Council for specific feedback within the revised motion. Agenda Item 5: Member Updates/ Future Agenda Items Discussion (6 mo planning calendar) Agenda items for the February meeting will include a financial update and possible recommendation on the proposed Green Building Ordinance, Manufacturing Use Tax, and drafting the scope of services for the Strategic Economic Health Action Plan. Agenda Item 6: Year-End Report Review/Approval The 2010 Year-End report was submitted to the EAC; approval will be by email and sent to the Clerk’s office by 01/30/2011. Agenda Item 7: Flood Plain Regulations Josh Birks, Economic Advisor, and Jon Haukaas, Water Engineering Field Operations Manager, presented information regarding the City’s proposed Flood Plain Regulations. Council was presented with four (4) options for future flood plain regulations and has indicated to City staff that they are interested in receiving more information regarding Option 4, or the No Adverse Impact Option. The No Adverse Impact Option revises current regulations for property owners to focus on neighboring properties as well as their own, and it requires that certain criteria be met to limit any adverse effects. An example of such criteria may include installing an overflow channel to reduce the effect of elevating the dirt to required levels. The presentation included the Economic Impact Analysis background, methodology, key assumptions/limitations, and the summary of findings. Josh Birks indicated that an economic impact analysis has not been completed for option four and would be very difficult to complete given the “unknown” or “changing” aspect of the future development in the floodplain area. The EAC believes without a direct economic analysis for option four, they cannot make a formal recommendation to Council regarding the proposed flood plain regulations, but has asked staff to help draft a memo that reflects their opinions/insights on the process. Meeting adjourned at 1:10 p.m. The next meeting is scheduled for February 16, 2011 from 11:00-1:30