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HomeMy WebLinkAboutEconomic Advisory Commission - Minutes - 11/17/20101 Minutes City of Fort Collins Economic Advisory Commission Regular Meeting 300 LaPorte Ave City Hall November 17, 2010 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; Tom Clevenger, Jim Clark, Rick Price; Stu MacMillan; Bill Timpson; Kevin Shaw; Beena Bawa Commission members absent: Blue Hovatter Guests: None Staff Present: Mike Freeman, Chief Financial Officer Josh Birks, Economic Advisor Wendy Bricher, Minutes Steve Catanach Matt Wempe Bill Switzer Felix Lee John Phelan Agenda Item 1: Meeting called to order Meeting called to order 11:05 a.m. Agenda Item 2: Approval of minutes Unanimous approval of minutes dated 10/06/2010 Agenda Item 3: Public Comment Eric Sutherland provided a counterpoint regarding the SMART Grid Project; he opposes the project and suggests that the data nationwide does not provide supporting data for this type of technology. Mr. Sutherland cited the City of Boulder as an example. Agenda Item 4: Follow-up discussion regarding previous meetings Tom Clevenger requested to note in the minutes that the EAC provided a recommendation to City Council on March 15, 2010 regarding the manufacturers use tax; The EAC recommended the elimination of the manufacturing use tax if any sales tax increase is enacted for the City of Fort Financial Services 300 LaPorte Ave PO Box 580 Fort Collins, CO 80522 970.221.6505 970.224.6107 - fax fcgov.com 2 Collins. Mike Freeman provided an update that a resolution for staff to provide a recommendation on the use tax by the end of March 2011. The EAC budget recommendation was well received and staff is hopeful that additional funding will be provided for Economic Health in the 2011-2012 budget. City Council is recommending that using 2b money to replenish reserves may be used for transportation only. Agenda Item 5: Member Updates/ Future Agenda Items Discussion and Vote (6 mo planning calendar) After discussion and unanimous approval, the EAC made the following recommendation to City Council on 11/22/2010: The Economic Advisory Commission (EAC) recommends to City Council that the funding for the bicycle safety program ($50,000) be restored to the 2011 and 2012 budget. The EAC believes the bicycling culture and environment that has been developed in Fort Collins has had a positive impact on the City’s economy and the quality-of-life that is a valuable element of the economy. The EAC feels that bicycle safety, and its coordination and promotion, is an important component of the City’s bike-friendly environment which is worth funding. Agenda Item 6: Approve/Edit Annual Work Plan The EAC members brainstormed ideas for their 2011 Work Plan. It was suggested that the EAC work on policies and advice to move programs forward; is it a good idea, recommendations, actions plans. A draft was created focusing on four key areas including the Economic Health Action Plan, Midtown, Incubation Status and Clusters. The plan will be finalized at the December meeting. Agenda Item 7: Green Building Program Update Felix Lee, Green Building Code Manager, and John Phelan, Energy Services Manager, provided an update regarding the Green Building Program. In January 2010, advisory and technical committees were created, and the July Council worksession focused on proposals for code amendment for current building codes - “greening” our codes. Discussion included the impact on neighboring communities, incentives for retrofitting existing homes, green jobs, and the poverty level. A cost/benefit analysis worksheet will be provided to Council on December 14; staff will return in February 2011 for a formal recommendation from EAC based on the cost/benefit analysis worksheet. Agenda Item 8: Economic Significance of the 2 vs. 4-lane Lincoln arterial Matt Wempe, Transportation Planner, provided information regarding the Lincoln catalyst plan. Currently, Lincoln is noted as a 4-lane street on the Master Street Plan but staff is recommending a downgrade to a 2-lane arterial with conditions. Factors to consider include the Link n Greens property and flood plain issues. Agenda Item 9: Electric Cost of Service Study and Rate Design Review/SMART Grid Steve Catanach, Light & Power Operations Manager, and Bill Switzer, Utility Rate Analyst, provided information regarding Electric Cost of Service Study and SMART Grid. The last Service study was conducted in 2002; it is used primarily as a guide in adjusting rates fairly with each customer class and determining proportionality of the system’s annual costs. Fort Collins rates our low compared to other municipalities primarily due to management by Platte River. The City is moving forward with its SMART Grid project. Annual operation savings are estimated at 1,361,668.00. The City has bonded for our portion to match federal grant monies and payback is estimated at just over seven years using a 3.5 interest rate. It was noted that the City of Boulder’s program was researched based whereas the City of Fort Collins is focusing on an installation program. Meeting adjourned at 1:35 p.m. The next meeting is scheduled for December 15, 2010 from 11:00-1:30