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Home My WebLink AboutEconomic Advisory Commission - Minutes - 08/15/2018Economic Advisory Commission Regular Meeting August 15, 2018, 11 a.m.- 1 p.m. Colorado River Room, 1st Floor, 222, Laporte Avenue 08/15/2018 – MINUTES Page 1 1. CALL TO ORDER Time Started 11:09 a.m. 2. ROLL CALL List of Board Members Present • Sam Solt, Chair • Craig Mueller • Connor Barry • Ted Settle • Aric Light • Linda Stanley • Denny Otsuga • Ann Hutchison List of Board Members Absent • John Parks List of Staff Members Present • Josh Birks, Economic Health & Redevelopment Director • Erin Zimmermann, Admin/Board Support List of Guests • Dale Adamy (r1st.org) 3. AGENDA REVIEW • No changes 4. CITIZEN PARTICIPATION • Dale Adamy— Shared comments regarding City Plan and the new agenda formats. Said he noticed there are some things missing in the City Plan and asked that EAC consider submitting something on principle policy, reflective of this board. ECONOMIC ADVISORY COMMISSION REGULAR MEETING 08/15/2018 – MINUTES Page 2 Suggested that the mission be included on the agenda and would be interested to see what the board thought of that idea. Shared example of the transportation board that might translate. Would be nice to see this incorporated into the new format and across the organization. 5. APPROVAL OF MINUTES The July 18, 2018 minutes were approved as presented. Sam motioned for the minutes to stand as distributed and the motion passed unanimously with Denny abstaining, as he was absent at the last meeting. 6. UNFINISHED BUSINESS. a. City Plan Update (Listen/ Clarify) Connor Barry provided a committee update on the Housing and Economy working board. He explained what the holdups have been which is related to the fact that the scenarios process has taken longer than expected. The committee hasn’t met since last time. c. Board and Commission Evaluation (Experiment) Update— Sam Solt (Listen/ Clarify) Sam Solt reported that language presented from the Futures Committee meeting was presented to Council as a resolution. This resolution creates joint meetings between all boards and commissions that support the Sustainability Service Area two times a year focused on topics determined by steering committee and those recommendations will then be presented to City Council. The large group (representation from all boards and commissions with exception of Women’s Commission and all the staff liaisons for those commissions and a few additional all SSA support staff including Jackie) had its first meeting to discuss logistics. The first proposed topic is Keep Fort Collins Great (KFCG) and discussions around revenue (need vs. want). Question of what to do with KFCG Renewal. City Plan scenarios could also be an option for a topic. Ted recommended that it be done right as opposed to fast. There is a need for three parts structurally: information (could include some pre-work), dialogue (discussed format of the dialogue), then action. A new idea was to have some informing done at EAC first and then could also take formal action at the next EAC meeting. ECONOMIC ADVISORY COMMISSION REGULAR MEETING 08/15/2018 – MINUTES Page 3 Linda: If it is going to be KFCG will we already fall behind Council’s schedule? Josh: We could get involved and have some influence on that topic. We might just need to move a little more quickly for that one. Anne: I do think there would be value in bringing back some of the former Council members for a panel on KFCG for historical context. Linda: I see the experiment as a way to have conscientious triple bottom line perspective on important issues. 7. NEW BUSINESS a. Metro District Policy Update— Josh Birks (Listen/Clarify/ Discuss) Purpose of introducing this topic is to include some discussion as represented in the minutes as part of the Council presentation, but a formal position is not needed. Josh Birks provided a historic context on the adoption of the policy in 2008. The development community was asking if we could help level the playing field because there was increased competition from adjacent communities and there were also rising infrastructure costs. The current market conditions are showing a rise in construction costs, constrained land supply and limited access to key resources. The two big pieces to current policy is we have a stated preference to not fund basic infrastructure and a strong preference to be in commercial. 90/10. Council and staff have been interacting with this since last October. The new policy would not be restricted by type. Council said we still want to limit use and reserve for stretch outcomes, they identified prescriptive elements to be preserved and any benefits specifically defined, lack of interest in facilitating development of amenities (pools, golf courses, etc.). A few examples of Metro Districts include 1. Harmony Tech park supports office development that supported road and storm water improvements and 2. The new mall development. We do see residential metro districts in Loveland. We have developed a Model Service Plan that includes clauses that the City has no recourse. They are all tax-limited and revenue-limited bonds. You may adjust your mill levy, so it neither enhances or dimensions the set amount. Metro Districts do not fund impact fees. We want to make sure we are getting a value exchange and meeting certain community objectives. Ted- What is the push back? Seems like a good tool. ECONOMIC ADVISORY COMMISSION REGULAR MEETING 08/15/2018 – MINUTES Page 4 Josh- Historically the view of some is that they fuel growth faster and we have tried with this policy to focus on getting the kind of growth we want. Linda-Metro Districts do create a lot of government entities. Josh- It can be confusing. They must comply with transparency requirements. Denny- From a protection point of view, I think it creates more protection for the resident compared to HOAs. Josh- Districts must operate under the service plan and the revenues are capped. You have a fixed cost. It does change monthly cost of ownership for the homeowner. We just authorized the second set of 4. I have three more this fall and three more that are interested. It’s a philosophical shift in how we use this tool. These can still be applied to commercial. Fees will go up for using this tool to make sure we as staff have the resources we need to keep an eye on how much interest we have. The idea is that this should generate revenue to fully support the work. There are metrics that we can build in, we just aren’t there yet. The policy doesn’t currently have anything that says we review the policy every so many years. We already track policies and have better systems to track policies now. To the extent that we want to put a frequency to the review of the policy, it can be incorporated into the resolution. Ted moved that we support the new policy framework and direction as presented, Connor seconded it. Motion passed 8-0. b. Work Plan— Sam Solt/ Josh Birks (Listen/Clarify/ Discuss) Josh Birks reported that Sam and Ted met for their planning meeting. And had initial discussions about the EAC’s workplan. A diagram was presented that illustrated how to categorize topics based on their proximity to Council’s priorities and per view. Connor- If we pick items from outside the circle, we should only pick one or two of them. Denny- We also need to consider our meeting frequency and make sure our timing is aligned, if it is a topic in the innermost circle. Key topics and priorities were brainstormed and included the following: • Business Engagement • GDP- What is it? How is it made up? (CSU as partner) • Attainable Housing (Workforce housing; ability for young families to live here, ECONOMIC ADVISORY COMMISSION REGULAR MEETING 08/15/2018 – MINUTES Page 5 work here, play here.) • Role of government in creation and death of business. • Commuting • Create financial vehicle/ mechanism to create better community with economic focus • Northern Colorado Regional Airport Action Item: Josh will compile ideas, add them to the grid and matrix, and bring back to the group next month. 8. BOARD MEMBER REPORTS None 9. OTHER BUSINESS Sam- Innovate Fort Collins panel Opportunity- Sam submitted his name as a placeholder, but would like to offer the opportunity to anyone else that might be interested. Denny expressed interest and agreed to represent EAC. 10. ADJOURNMENT Adjourns 1:03 p.m. UPCOMING TOPICS September:  Conversation with the Mayor– Mayor Troxell (Discus/Act)  100% Renewable Electricity Resolution– Lindsay Ex (Listen/Clarify/Discuss)  Harmony Road/ I-25 Project– Clark Mapes (Listen/Clarify/Discuss) October:  Budget Review Update– Josh Birks (Listen/Clarify)  Open (Potentially Code Named Project)