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Memo - Read Before Packet - 4/20/2021 - Memorandum From Heather Walls Re: Item 29 - Metro Districts Policy Amendments-Revised Resolution
City Clerk 300 LaPorte Avenue PO Box 580 Fort Collins, CO 80522 970.221.6515 970.221-6295 - fax fcgov.com/cityclerk MEMORANDUM DATE: April 20, 2021 TO: Mayor and Councilmembers THROUGH: Darin Atteberry, City Manager Kyle Stannert, Deputy City Manager Delynn Coldiron, City Clerk FROM: Heather Walls, Deputy City Clerk RE: Item #29 Metro Districts Policy Amendments provided the attached revised Resolution and Policy updates for Item #29. Manaaaaaaaaaaaaager k kkkkkk kkkk kkkkkkkk kk rrrrrrrrrrrrrrrrrrrrrrrrrrr rrrrrrrrrrrrrrrrrr anagerrrrrrr -1- RESOLUTION 2021-045 OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING A REVISED POLICY FOR REVIEWING SERVICE PLANS OF METROPOLITAN DISTRICTS WHEREAS, Title 32 of the Colorado Revised Statutes permits the organization of a variety of governmental districts to finance, construct and operate certain public improvements and services to serve the residents and businesses in those districts; and WHEREAS, a metropolitan district (“Metro District”) is one such district and it is specifically authorized to be organized under the Special District Act in Article 1 of Title 32 of the Colorado Revised Statues (the “Act”); and WHEREAS, before a Metro District can be organized within the boundaries of a municipality, the Act requires that the governing body of the municipality approve by resolution the Metro District’s proposed “Service Plan,” which is the document governing the Metro District’s powers under the Act, such as its taxing power, power to issue debt, and the public improvements and services it can provide (the “Service Plan”); and WHEREAS, in July 2008, the City Council adopted Resolution 2008-069 in which it approved a policy that sets forth various guidelines concerning the Council’s review and approval of Metro District Service Plans (the “2008 Policy”); and WHEREAS, the 2008 Policy provided the City would not consider Service Plans that proposed Metro Districts to serve only residential development, but instead would only consider Service Plans for “predominately commercial” developments, meaning developments having an estimated assessed value for “non-residential uses” of no less than 90% of the entire development; and WHEREAS, the City Council considered and adopted the 2008 Policy for several reasons, but primarily to address market conditions that were then adversely affecting commercial development, including escalating costs to construct public infrastructure, so the 2008 Policy was approved to favor the use of Metro Districts for commercial development or mixed-used developments in which no more than 10% of their assessed value would be residential uses; and WHEREAS, on August 21, 2018, the City Council adopted Resolution 2018-079 to significantly revise the 2008 Policy (the “2018 Policy”); and WHEREAS, the 2018 Policy was adopted to eliminate the requirement that the development to be served by a Metro District be predominately commercial and to allow the consideration of Service Plans for Metro Districts proposed to be served primarily by residential developments; and WHEREAS, City Council stated in Resolution 2018-079 it was adopting the 2018 Policy to address the market conditions residential development was then facing in “rising costs for land, water, infrastructure and construction” which was “creating a disincentive for residential -2- development in the City to provide residents with the kind of special benefits that would also help the City to achieve its various policy objectives, such as affordable housing, environmental sustainability and smart growth”; and WHEREAS, to address this concern, the 2018 Policy established as a new review criterion for Service Plans a “Public Benefit Assessment” to be used to evaluate whether the proposed Service Plan would “deliver public benefits through extraordinary development outcomes” and the 2018 Policy described and gave examples of such public benefits, which included environmental sustainability, critical public infrastructure, smart growth management and affordable housing; and WHEREAS, the 2018 Policy also established other criteria, guidelines and processes to be followed by City staff and City Council in considering Service Plan applications, it revised the fees to be paid by the applicants for the City’s costs to review and consider the applications, and attached as exhibits to the 2018 Policy were model Service Plans (one for single Metro District Service Plans and one for multiple Metro District Service Plans) to be used as a guide for applicants and a tool in evaluating whether a proposed Service Plan has addressed the criteria in the 2018 Policy; and WHEREAS, after adopting the 2018 Policy, the City Council considered and approved three Service Plans for Metro Districts serving primarily residential developments and from that experience City staff proposed several revisions to the 2018 Policy to improve the review and approval process for Service Plans, to add workforce or attainable housing as a new example of an extraordinary public benefit, and to update and improve the Model Service Plans attached to the 2018 Policy, which revisions were made to the 2018 Policy and approved by City Council’s adoption of Resolution 2019-016 resulting in the City Council’s current Metro District policy (the “2019 Policy”); and WHEREAS, the 2019 Policy generally supports the formation of a Metro District serving primarily residential development where it will deliver “extraordinary public benefits” that align with the goals and objectives of the City as embodied in the City’s adopted long-range plans, such as City Plan, Climate Action Plan, Transit and Transportation Master Plans, Housing Plan, Arts and Culture Master Plan, but in applying the 2019 Policy to recent Service Plans approved by City Council, both City Council and City staff have found it difficult to define what constitute “extraordinary public benefits” under the 2019 Policy; and WHEREAS, On June 16, 2020, the City Council adopted Ordinance No. 083, 2020, imposing a six-month moratorium on new applications for Metro District Service Plans; and WHEREAS, the City Council imposed the moratorium in response to media reports and citizen input raising concerns and questions about various taxation, debt, financial, legal and governance problems with Metro Districts through-out Colorado and directed staff to investigate, research and seek public input regarding these problems, and for any other problems they may identify, and to develop and present to City Council for its consideration revisions to the 2019 Policy to ensure that future Service Plans approved by the City Council and Metro Districts organized within the City are in the best interests of the City and its residents; and -3- WHEREAS, City staff has completed this process and identified areas for improvement of the 2019 Policy: WHEREAS, one area for improvement staff is proposing is an evaluation system using points to be applied to Metro Districts that will predominately serve residential development to ensure they will provide at a minimum certain identified public benefits in three outcome areas, (1) affordable and attainable housing, (2) energy and water efficiency and (3) neighborhood livability, and such benefits must exceed the City’s minimum standards for similar development and achieve the more aspirational aspects of the City’s long-range plans; and WHEREAS, City staff is also proposing the 2019 Policy be revised to include a conceptual review hearing at which potential applicants for a Metro District can present their proposal to City Council and the public at a conceptual level to receive preliminary comments from City Council members and the public and the City Council can also consider adoption of a motion expressing its opinion whether the applicant’s proposed Service Plan should move forward to Council for formal consideration and include in it any recommendations the City Council may have for the applicant concerning a formal application, which information the applicant can then use to decide whether to continue with a formal application for their Metro District and, if so, decide about the contents of its application; and WHEREAS, the revised 2021 Policy as proposed by staff is attached as Exhibit “A” and incorporated herein by reference (the “2021 Policy”); and WHEREAS, the City Council finds that the adoption of the 2021 Policy is in the best interests of the City and its residents, businesses and organizations, and that it is necessary for the public’s health, safety and welfare. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That the City Council hereby approves and adopts the 2021 Policy. The 2021 Policy shall replace and supersede the 2019 Policy regarding all Metro District Service Plans and all material modifications of Service Plans considered by the City Council after the adoption of this Resolution. Section 3. That in approving and adopting the 2021 Policy, the City Council intends to reserve to itself the sole discretion to approve, or not, all future Service Plans and material modifications to Service Plans regardless of the provisions of the 2021 Policy. -4- Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 20th day of April, A.D. 2021. _________________________________ Mayor ATTEST: _____________________________ City Clerk 1 EXHIBIT A CITYOFFORTCOLLINSPOLICYFORREVIEWINGSERVICEPLANSFOR METROPOLITANDISTRICTS April20,2021 Introduction. Thispolicyestablishesthecriteria,guidelinesandprocessestobefollowedbyCityCouncilandCitystaffin consideringandbyapplicantsinsubmittingtotheCityserviceplansfortheorganizationofmetropolitan districtsoramendmentstothoseplans(“Policy”),asprovidedinColorado’sSpecialDistrictActinArticle1 ofTitle32oftheColoradoRevisedStatutes(the“Act”).TheActprovidesthatmetropolitandistrictsare quasiͲmunicipalcorporationsandpoliticalsubdivisions(“District”)thatcanbeorganizedwithinthe boundariesofamunicipalityprovidedthemunicipality’sgoverningbodyapprovesbyresolutionthe proposedserviceplanfortheDistrict.UndertheAct,theserviceplanconstitutesthedocumentthat delineatesthespecificpowersandfunctionstheDistrictcanexercise,includingthefacilitiesandservices itcanprovide,thetaxesitcanimposeanditspermittedfinancialarrangements(the“ServicePlan”).The ActrequiresDistrictstoconformtotheirServicePlans. Section1–PolicyObjectivesandStatements. A. ThisPolicygenerallysupportstheformationofaDistrictwhereitwilldeliverextraordinarypublic benefitsthatalignwiththegoalsandobjectivesoftheCitywhethersuchextraordinarypublic benefitsareprovidedbytheDistrictorbytheentityorganizingtheDistrictbecausetheDistrict existstoprovidepublicimprovements. B. ADistrict,whenproperlystructured,canenhancethequalityofdevelopmentintheCity.TheCity isreceptivetoDistrictformationthatprovidesextraordinarypublicbenefitswhichcouldnotbe practicallyprovidedbytheCityoranexistingpublicentity,withinareasonabletimeandona comparablebasis.ItisnottheintentoftheCitytocreatemultipleentitieswhichwouldbe construedascompetingorduplicative. C. TheapprovalofaDistrictServicePlanisatthesolediscretionofCityCouncil,whichmayreject, approve,orconditionallyapproveServicePlansonacaseͲbyͲcasebasis.NothinginthisPolicyis intended,norshallitbeconstrued,tolimitthisdiscretionofCityCouncil,whichretainsfull authorityregardingtheapproval,terms,conditionsandlimitationsofallServicePlans. D. PolicyObjectivesforAllDistricts. TheCitywillevaluateanyproposedDistrictanditsServicePlanbasedontheDistrict’sabilityto deliverpublicbenefitsthroughextraordinarydevelopmentoutcomes,specificexamplesare providedinExhibitAandgenerallyoccurinthefollowingfourfocusareas: 1. EnvironmentalSustainabilityOutcomes:Developmentofpublicimprovementsthatdeliveror facilitatethedeliveryofspecificandmeasurableenvironmentaloutcomes,includingbut 2 notlimitedto:(i)reductionofGreenHouseGases(“GHG”),(ii)conservationofwateror energy,(iii)encouragemultimodaltransportation,(iv)enhancecommunityresiliency–against futureenvironmentalevents(e.g.,flooding,drought,etc.);(v)increaserenewableenergy capacity;and/or(vi)deliverotherenvironmentaloutcomes. 2. CriticalPublicInfrastructure:Developmentofpublicimprovementsthataddressorfacilitate addressingsignificantinfrastructurechallengespreviouslyidentifiedbytheCity,eitherwithin orproximatetotheDistrict,whethersuchimprovementsaddressalocallyͲsignificant challengeoraCityͲwidechallenge. 3. SmartGrowthManagement:Developmentofpublicimprovementsthatdeliverorfacilitate thedeliveryofspecificdesigncomponentsthat:(i)increasethedensityofdevelopmentwithin theDistrict;(ii)establish,enhanceoraddressthewalkabilityandpedestrianfriendlinessofthe District;(iii)increasetheavailabilityoftransitand/ormultimodalorientedfacilities;(iv)create compellingpublicspaces;and/or(v)encouragemixedͲusedevelopmentpatterns. 4. StrategicPriorities:Developmentofpublicimprovementsthatdeliverorfacilitatethedelivery ofstrategicprioritiesspecifiedintheCity’sexistinglongͲtermstrategicplanningdocuments, suchasCityPlan,AffordableHousingPlan,EconomicHealthStrategicPlan,andapplicableSubͲ AreaPlans.Theseprioritiesinclude,butarenotlimitedto: a. AffordableHousing:Deliverorfacilitatethedeliveryofadditionalaffordablehousingunits attheCity’sdefinedlevelofAreaMedianIncome(“AMI”)orbelow.TheCitydefines AffordableHousingasunitsaffordabletoahouseholdearning80percentofAMI. b. WorkforceHousing:Deliverorfacilitatethedeliveryofworkforcehousingunitsinthe City’sdefinedrangeofAMI.Forpurposesofthispolicy,WorkforceHousingunitsshallbe definedasunitsaffordabletoahouseholdearningbetween81percentand120percent ofAMI. c. Infill/Redevelopment:EnabletheinfillorredevelopmentofpropertywithintheCity, especiallywhensuchdevelopmentisconsistentwithCityPlan. d. EconomicHealthOutcomes:Enabledeliveryofspecificandmeasurableeconomic outcomes,suchas:(i)jobgrowth;(ii)retentionofanexistingbusiness;and/or(iii) constructionofamissingeconomicresource. IndeterminingwhetheraproposedDistrictdeliversextraordinarypublicbenefits,theCitymay consider:(i)waysinwhichtheproposedimprovementsexceedtheCity’sminimumrequirements andstandards;(ii)waysinwhichtheexistenceoftheDistrictfacilitatestheextraordinarypublic benefitsandwhethertheextraordinarybenefitsarefeasiblewithouttheDistrict;(iii)waysinwhich theproposedextraordinarybenefitsworktogetherasasystemto 3 delivergreaterbenefittothecommunitythanindividually;and(iv)anyotherfactorstheCity deemsrelevantunderthecircumstances. E. PolicyObjectivesforResidentialDistricts: 1. InadditiontobeingevaluatedundertheapplicablepolicyobjectivesinSection1.D.andthe evaluationcriteriainSection2.A.,thoseDistrictsproposedtoservepredominatelyresidential development,shallalsobeevaluatedundertheResidentialMetroDistrictsEvaluationPoints SystemtableattachedheretoasExhibitBandincorporatedhereinbyreference(the “ResidentialEvaluationPointsSystem”). 2. ForpurposesofthisPolicy,aDistrictshallbeconsideredtoservepredominatelyresidential developmentifmorethantenpercent(10%)oftheestimatedassessedvalueofthe developmenttobeservedbythedistrictwillberesidentialdevelopment(“Residential District”). 3. TheobjectiveinapplyingtheResidentialEvaluationPointsSystemtoResidentialDistrictsisto ensurethatthedevelopmentsservedbyResidentialDistrictsprovidecertainminimum extraordinarypublicbenefitsintheareasofhousing,energyconservationandrenewables, indoorandoutdoorwaterconservation,andneighborhoodlivability,inordertohelptheCity achieveitsgoalssetfortheseareasintheCity’sadoptedpolicyplans F. PolicyStatements: 1. LimitedUse:TheCitywishestoexactahighstandardofuseforDistrictstherebylimitingtheir use.AnapplicantprojectisexpectedtodeliverextraordinarybenefitsacrossmultipleCity objectivestwoormoreoftheobjectivesdescribedinSection1.D.ofthisPolicy. 2. BroadandDemonstrablePublicBenefit:Districtsareexpectedtoprovidebroadpublicbenefit andtheapplicantwillbeaskedtodemonstrateandprovideassurancesofthosebenefits.The CitywillutilizetheServicePlans,developmentagreements,andothercontractualagreements todocumentandenforceDistrictcommitments. 3. DistrictGovernance:ItistheintentoftheCitythatowner/residentcontrolofDistrictsoccur asearlyasfeasible.ServicePlansshouldincludegovernancestructuresthatencourageand accommodatethis.TheuseofcontrolDistricts(alsoknownas“service”or“managing” Districts)thatallowdeveloperstocontroltheotherDistrictsthatprovidethetaxrevenues beyondthetimeneededtorepaytheissueddebt,istobediscouraged. 4. BasicInfrastructureImprovements:ADistrictproposingtofundbasicinfrastructure improvementswillnotbefavorablyreceivedexceptwhenusedtooffsethighercosts associatedwithdeliveringpublicbenefitthroughextraordinarydevelopmentoutcomes(see ExhibitAforexamples). 4 5. MinimumDistrictSize:ADistrictproposedtoissuelessthan$7millionofauthorizeddebtwill notbeconsidered. Section2–EvaluationCriteria A. ToprovideCityCouncilwithinformationandanassessmentconsistentwiththisPolicy,staffwill reviewandreportonallDistrictproposalsinthefollowingareas: 1. PublicBenefitAssessmentandTripleBottomLineScan:Tocomprehensivelyandconsistently evaluateDistrictproposals,aninterdisciplinarystaffteam,inclusiveofrepresentativesfrom Planning,EconomicHealth,Sustainability,andotherDepartmentsasappropriate,willbe formed.ThisteamwillrelyontheCity’sTripleBottomLineevaluationapproach,andother means,toassessaDistrictproposalconsistentwiththisPolicyandCitygoalsandobjectives morebroadly. 2. FinancialAssessment:AllDistrictproposalsarerequiredtosubmitaFinancialPlantotheCity forreview.UtilizingtheDistrict’sFinancialPlan,andothersupportinginformationwhichmay benecessary,theCitywillevaluateaDistrict’sdebtcapacityandservicingability.Additionally, shouldaDistrictdesiretoutilizeDistrictfundingforbasicinfrastructureimprovements,as determinedbytheCityinitssolediscretion,staffwillassessthevalueofthisbenefitagainst publicbenefitsreceivedinexchange. 3. ResidentialDistricts:AllproposalsforaResidentialDistrictarerequiredtosubmittotheCity awrittenreportandanalysisofhowtheResidentialDistrictandthedevelopmentitwillserve willachievetheminimumpointsrequiredundertheResidentialEvaluationPointsSystem. 4. PolicyEvaluation:AllproposalswillbeevaluatedbyCitystaffagainstthisPolicyandtheCity’s “ModelServicePlan”attachedasExhibit“C”forsingleͲdistrictServicePlansandasExhibit“D” formultiͲdistrictServicePlans,withanyareasofdifferencebeingidentified,evaluatedand reportedtoCityCouncil. Section3–ApplicationProcess A. ProcessOverview:Theapplicationprocessisdesignedtoprovideearlyfeedbacktoanapplicant, adequatetimeforacomprehensivestaffreview,andtheappropriatestepsandmeeting opportunitieswithdecisionmakers. B. LetterofInterest:ApplicantwillprovideCitywithaLetterofInterestandpaytheLetterofInterest fee(refertofeesbelow).TheLetterofInterestshallcontainthefollowing: 1. SummarynarrativeoftheproposeddevelopmentandDistrictproposal. 2. Sketchplanshowing:propertylocationandboundaries;surroundinglanduses;proposed use(s);proposedimprovements(buildings,landscaping,parking/driveareas,water treatment/detention,drainage);existingnaturalfeatures(waterbodies,wetlands,largetrees, wildlife,canals,irrigationditches);utilitylinelocations(ifknown);andphotographs(helpful 5 butnotrequired). 3. ClearjustificationforwhyaDistrictisneeded. 4. Explanationofpublicbenefits,makingspecificreferencetothisPolicyandotherrelevantCity documents.ForResidentialDistrictsthisshallincludeapreliminaryanalysisofhowthe proposalwillachievetheminimumpointsrequiredundertheResidentialEvaluationPoints System. 5. DistrictproposalandServicePlanspecifics,including:Districtpowersandpurpose;District infrastructureandcosts;milllevyrate(bothdebtand,operationsandmaintenance);termof District;forecastedperiodofbuildͲout;proposedtimelineforformation;andcurrent developmentstatusofproject. C. StaffResponsetoLetterofInterest:StaffwillprovideawrittenresponsetoaLetterofInterest withinthirty(30)daysofreceiptandpaymentoftheLetterofInterestfee. D. PreliminaryStaffMeetingwithApplicant:BasedonaninitialreviewoftheLetterofInterest,staff shallmeetwiththeapplicanttodiscusstheDistrictproposal,potentialpublicbenefits,initialstaff feedback,theevaluationprocess,fees,andotherapplicationelements. E. CityCouncilConceptualReview:PriortotheapplicantsubmittingitsformalapplicationtotheCity forCityCouncil’sconsiderationofaproposedServicePlan,ahearingshallbescheduledbefore CityCouncilatwhichstaffandtheapplicantshallpresenttoCityCounciltheapplicant’sLetterof InterestfortheproposedDistrict(s).Nolaterthanthirty(30)daysbeforethehearing,written noticeofitshallbemailedbytheapplicantbyfirstͲclassmailtoallfeetitleownersofrealproperty withintheboundariesoftheproposedDistrict(s)andofanyfutureinclusionareaproposedinthe LetterofInterest.Thenoticeshallalsobepublishedonceinanewspaperofgeneralcirculation.In additiontostatingthedate,timeandlocationofthehearing,themailedandpublishednotices shallidentifythepropertytobeservedbytheDistrict(s)andgenerallydescribetheproposed District(s)andthedevelopmentitwillserve.ThesolepurposeofthehearingwillbeforCityCouncil membersandthepublictoprovidepreliminarycommentsinresponsetotheLetterofInterestto beusedbytheapplicantindeterminingwhethertosubmitaformalapplicationand,ifso,the contentsofthatapplication.Also,theCityCouncilmayconsiderattheendofthehearingadopting amotionexpressingitsopinionwhethertheServicePlanproposedintheLetterofInterestshould bebroughtforwardtoCityCouncilforitsformalconsideration.Thatmotionmayalsoincludeany recommendationsCityCouncilmayhaveconcerningwhatshouldorshouldnotbeincludedinthe applicant’sformalapplicationforitsproposedServicePlan.AnysuchmotionadoptedandAany comment,suggestionorrecommendationmadebyanyCityCouncilmemberconcerningtheLetter ofInterestshallnotbindorotherwiseobligateanyCityCouncilmemberorotherCitydecisionmaker toanycourseofconductordecisionpertainingtotheanysubsequentformalapplicationunder thisPolicy. F. FormalApplicationandServicePlanSubmittal:UponAftertakingintoaccountanymotionadoptedby CityCouncilintheconceptualreviewhearingconductedunderSection3.E.andanyofstaffandcomments 6 fromCityCouncilmembers,thepublicandCitystaffinput,applicantmaysubmitaformalapplication forconsiderationfollowingtherequirementsspecifiedintheCity’sDistrictApplication,including theServicePlaninwhichtheapplicantshallhighlightthesubstantiveprovisionsthatdeviatefrom thisPolicyandtheapplicableModelServicePlanattachedasExhibit“C”orExhibit“D”.Theformal applicationandapplicationfeesmustbereceivedbytheCitynolaterthanthethirdTuesdayof Decemberintheprecedingyearforaspringelection(May)orthethirdTuesdayofMayforafall election(November).TheCitycannotcommittotimelyprocessingofapplicationssubmittedafter thesedatesfortheirrespectiveelections. G. FormalStaffReview:Aninterdisciplinarystaffteamwillreviewtheapplicantsubmittalalongwith anyfollowͲupdocumentationthatisrequestedinordertoassesstheapplicationaccordingtothis PolicyandotherappropriateCitypolicy.Applicantsshouldexpectseveralroundsoffeedbackand reviewfromCitystaff. H. CouncilFinanceCommitteeMeeting:TheCouncilFinanceCommitteewillreviewallformal applicationsforaDistrictandprovidefeedbackandrecommendations. I. PublicHearingNotice:TheServicePlanApplicantmustcauseawrittennoticeofthepublichearing tobemailedbyfirstͲclassmailtoallfeetitleownersofrealpropertywithintheboundariesofthe proposedDistrict(s)andofanyfutureinclusionareaproposedintheServicePlanandsuchnotice shallbemailednolaterthanthirty(30)daysbeforethescheduledhearingdate.Anoticeshallalso bepublishedonceinanewspaperofgeneralcirculationintheCitynolaterthanthirty(30)days beforethescheduledhearingdate.Themailedandpublishednoticesshallincludethefollowing information: 1. Adescriptionofthegeneralnatureofthepublicimprovementsandservicestobeprovidedby theDistrict; 2. AdescriptionoftherealpropertytobeincludedintheDistrictandinanyproposedfuture inclusionarea,withsuchpropertybeingdescribedbystreetaddress,lotandblock,metesand boundsifnotsubdivided,orsuchothermethodthatreasonablyapprisesownersthattheir propertywillorcouldbeincludedintheDistrict’sboundaries; 3. Astatementofthemaximumamountofpropertytaxmilllevythatcanbeimposedonproperty intheDistrictundertheproposedServicePlan; 4. AstatementthatpropertyownersdesiringtohavetheCityCouncilconsiderexcludingtheir propertiesfromtheDistrictmustfileapetitionforexclusionwiththeFortCollinsCityClerk’s Officenolaterthanten(10)daysbeforethescheduledhearingdateinaccordancewith Section32Ͳ1Ͳ203(3.5)oftheColoradoRevisedStatutes; 5. AstatementthatacopyoftheproposedServicePlancanbereviewedintheFortCollinsCity Clerk’sOffice;and 7 6. Thedate,timeandlocationoftheCityCouncil’spublichearingontheServicePlan. J. CouncilPublicHearing:TheCityCouncilwillconductanoticedpublichearingataregularor specialCouncilmeetingtoconsiderresolutionapprovalofServicePlan.Thishearingwilloccurno laterthanthirty(30)dayspriortothefinalsubmittaldatetotheDistrictCourttoorderan election.Bywayofexample,forafallelectionCityCouncil,whichmeetsonthefirstandthird Tuesdaysofthemonth,mustconductthepublichearingnolaterthanthethirdTuesdayin August. K. ProceedingsatPublicHearing:Thehearingshallbeconductedunderandinaccordancewiththe applicableproceduresoftheCityCouncil’sadopted“RulesofProcedureGoverningtheConductofCity CouncilMeetingsandWorkSessions,”exceptthattheorderoftheproceedingsofthepublichearing ontheserviceplanshallbeasfollows: 1. Announcementofitem; 2. Considerationofanyproceduralissues; 3. ExplanationoftheapplicationbyCitystaff; 4. Presentationbytheapplicant; 5. Publictestimonyregardingtheapplication; 6. Rebuttaltestimonybytheapplicant; 7. CouncilmemberquestionsofCitystaffandtheapplicant;and 8. Motion,discussionandvotebyCityCouncil. Section4–ServicePlan A. Purpose:InadditiontotherequirementsoftheAct,aServicePlanshouldmemorializethe understandingsandagreementsbetweentheDistrictandtheCity,aswellastheconsiderations thatcompelledtheCitytoauthorizetheformationoftheDistrict.TheServicePlanmustalso includeallapplicableinformationrequiredbytheAct. B. CompliancewithApplicableLaw:AnyServicePlansubmittedtotheCityforapprovalmustcomply withallstate,federalandlocallawsandordinances,includingtheAct. C. ModelServicePlan:ToclearlycommunicateCityrequirementsandstreamlinelegalreview,the CitywillrequiretheuseoftheapplicableModelServicePlanattachedasExhibit“B”orExhibit “C”.Withjustification,theCitymayconsiderdeviationsintheproposedServicePlan,butgenerally allServicePlansshouldincludethefollowing: 1. EminentDomainNOTAuthorized:TheServicePlanshallcontainlanguagethatprohibitsthe Districtfromexercisingthepowerofeminentdomain.However,theCitymaychooseto 8 exerciseitspowerofeminentdomaintoconstructpublicimprovementswithintheDistrictin whichcasetheDistrictandtheCitywillenterintoanintergovernmentalagreementconcerning thepublicimprovementsandfundingforthatuseofeminentdomain. 2. MaximumMillLevy:TheServicePlanshallrestricttheDistrict’stotalmilllevyauthorizationfor bothdebtserviceandoperationsandmaintenancetofifty(50)mills,subjecttoadjustmentas providedbelow.AportionoftheMaximumMillLevymaybeutilizedbytheDistricttofund operationsandmaintenancefunctions,includingcustomaryadministrativeexpensesincurred inoperatingtheDistrictsuchasaccountingandlegalexpensesandotherwisecomplyingwith applicablereportingrequirements.Nomorethanten(10)millsmaybeusedforoperations andmaintenance(the“OperationsandMaintenanceMillLevy”). a. IncreasedmillleviesmaybeconsideredforDistrictsthatarepredominatelycommercialin use,atthesolediscretionoftheCityCouncil. b. TheMaximumMillLevymaybeadjustablefromthebaseyearoftheDistrictasprovided forintheModelServicePlan,sothattotheextentpossible,theactualtaxrevenues generatedbytheDistrict’smilllevy,asadjusted,forchangesoccurringafterthebaseyear, areneitherdiminishednorenhancedasaresultofthechanges. 3. DebtTermLimit:ADistrictshallbeallowednomorethanforty(40)yearsforthelevyand collectionoftaxesusedtoservicedebtunlessamajorityoftheBoardofDirectorsofthe DistrictimposingthemilllevyareresidentsofsuchDistrictandhavevotedinfavorofa refundingofapartoralloftheDebtandsuchrefundingisforoneormoreofthepurposes authorizedinC.R.S.Section11Ͳ56Ͳ104. 4. DistrictDissolution:PerpetualDistrictsshallnotbeallowedexceptincaseswhereongoing operationsandmaintenancearerequired.Exceptwhereongoingoperationsandmaintenance hasbeenauthorized,aDistrictmustbedissolvedassoonaspracticalupon: a. Thepaymentofalldebtandobligations;and b. ThecompletionofDistrictdevelopmentactivity. Inaddition,DistrictsshallhavenomorethanthreeyearsfromapprovaloftheServicePlanto secureCityCouncilapprovalbyresolutionofanintergovernmentalagreementand/ora developmentagreementdocumentingthepublicbenefitsdescribedintheServicePlan.Staff willinformCityCouncil,inwriting,ofanyDistrictsthathavenotobtainedthisapprovalninety (90)daysinadvanceoftheexpirationofthethreeͲyearperiod.Thiswrittennoticewillprovide astatusupdateontheDistrictsprogresstowardsobtainingCouncilapprovalandtheother activitiesoftheDistricts. 5. DistrictFees:Impactfees,developmentfees,servicefees,andanyotherfeesmustbe identifiedwithparticularityintheDistrictServicePlan.Impactanddevelopmentfeesmustnot beleviedorcollectedagainsttheenduser–i.e.,residentsand/ornonͲdeveloperowners. 9 6. NoticeRequirements:TheServicePlanshallrequirethattheDistrictusereasonableeffortsto assurethatalldevelopersofthepropertylocatedwithintheDistrictprovidewrittennoticeto allpurchasersofpropertyintheDistrictregardingtheDistrict’sexistingmilllevies,its maximumdebtmilllevy,aswellasageneraldescriptionoftheDistrict’sauthoritytoimpose andcollectrates,fees,tollsandcharges.TheformofnoticeshallbefiledwiththeCitypriorto theinitialissuanceofthedebtoftheDistrictimposingthemilllevyandshallbesubstantially intheformofExhibitEattachedheretoandincorporatedbyreference. 7. AnnualReport:TheServicePlanmustobligatetheDistricttofileanannualreportnotlater thanSeptember1ofeachyearwiththeCityClerkfortheyearendingtheprecedingDecember 31,therequirementsofwhichmaybewaivedinwholeorinpartbytheCityManager.Details oftheAnnualReportareincludedintheModelServicePlan. D. ServicePlanRequirements:InadditionaltoallotherinformationrequiredinaServicePlanbythe Act,aServicePlanmustincludethefollowing: 1. FinancialPlan:TheServicePlanmustincludedebtandoperatingfinancialprojectionsprepared byaninvestmentbankingfirmorfinancialadvisorqualifiedtomakesuchprojections.The financialfirmmustbelistedintheBondBuyersMarketplaceor,intheCity’ssolediscretion, otherrecognizedpublicationasaprovideroffinancialprojections.TheFinancialPlanmust includedebtissuanceandserviceschedulesandcalculationsestablishingtheDistrict’s projectedmaximumdebtcapacity(the“TotalDebtLimitation”)basedonassumptionsof:(i) ProjectedInterestRateonthedebttobeissued;(ii)ProjectedAssessedValuationofthe propertywithintheDistrict;and(iii)ProjectedRateofAbsorptionoftheassessedvaluation withintheDistrict.TheseassumptionsmustusemarketͲbased,marketcomparablevaluation andabsorptiondataandmayuseanannualinflationrateofthreepercent(3%)orthe ConsumerPriceIndexforthepreceding12ͲmonthperiodfortheDenverͲBoulderͲGreeley statisticalregionaspreparedbytheU.S.DepartmentofLaborStatistics,whicheverislesser. a. TotalDebtLimitation:ThetotaldebtauthorizedintheServicePlanmustnotexceed100% oftheprojectedmaximumdebtcapacityasshownintheFinancialPlan. b. Administrative,OperationalandMaintenanceCosts:TheFinancialPlanmustalsoinclude foreseeableadministrative,operationalandmaintenancecosts. 2. PublicImprovementsandEstimatedCosts:EveryServicePlanmustinclude,inadditiontoall materials,plansandreportsrequiredbytheAct,asummaryofpublicimprovementstobe constructedand/orinstalledbythedistrict(the“PublicImprovements”).Thedescriptionof thesePublicImprovementsmustinclude,ataminimum: 10 1. Amapormaps,andconstructiondrawingsofsuchascale,detailandsizeasrequired bythePlanningDepartment,providinganillustrationofpublicimprovements proposedtobebuilt,acquiredorfinancedbytheDistrict; 2. Awrittennarrativeanddescriptionofthepublicimprovements;and 3. AgeneraldescriptionoftheDistrict’sproposedrolewithregardtothesame. Duetotheirpreliminarynature,theServicePlanmustindicatethattheCity’sapprovalofthe PublicImprovementsshallnotbindtheCity,itsboardsandcommissions,andCityCouncilin anywayrelatingtothereviewandconsiderationoflanduseapplicationswithintheDistrict. 3. IntergovernmentalAgreement:Anyintergovernmentalagreementwhichisrequiredorknown atthetimeofformationoftheDistricttolikelyberequired,tofulfillthepurposesofthe District,mustbedescribedintheServicePlan,alongwithsupportingrationale.TheService Planmustprovidethatexecutionofintergovernmentalagreementswhicharelikelytocause substantialincreaseintheDistrict’sbudgetandarenotdescribedintheServicePlanwill requirethepriorapprovalofCityCouncil. 4. ExtraterritorialServiceAgreement:TheServicePlanmustdescribeanyplannedextraterritorial serviceagreement.TheServicePlanmustprovidethatanyextraterritorialserviceagreement bytheDistrictthatarenotdescribedintheServicePlanwillrequirepriorapprovalofCity Council. Section5–RegionalImprovements A. Purpose:AServicePlanmayincludeasectionaddressingtheplanning,design,acquisition,funding, construction,installation,relocationand/orredevelopmentofRegionalImprovements.Such sectionisintendedtoensurethattheprivatelyͲownedpropertiestobedevelopedinaDistrictthat benefitfromtheRegionalImprovementspayareasonableshareoftheassociatedcosts. B. EligibleImprovements:TheCity,tofacilitatetransparency,willincludealistorexhibitinany ServicePlanincludingaRegionalImprovementssectionthatclearlyidentifiestheimprovements tobefunded,inpartorwhole,byaRegionalMilltobeleviedbytheDistrict.Inselecting improvementstobeincludedinaServicePlantheCitywillapplythefollowingstandards: 1. BenefittoEndUser–RegionalImprovementsshouldhaveaclearbenefittotheprivateͲ ownedpropertiesfundingtheRegionalMillLevy.TheCitymayestablishthisconnectioneither throughpreviousidentificationoftheinfrastructureneedand/orthroughatechnicalanalysis, suchasatrafficimpactanalysis. 2. Specificity–Whenpossible,theCityshouldincludeasmuchspecificityabouttheRegional ImprovementstobeincludedinaServicePlanaspossible,whilenotingthatanydetailsare preliminaryandmaybesubjecttochangeasplanning,design,acquisition,funding, 11 construction,installation,relocationand/orredevelopmentoftheRegionalImprovements occurs. 3. NoOtherFundingExists–TheCitywillexcludeimprovements,eitherinpartorwhole,for whichfundingmechanismsexiststosupporttheplanning,design,acquisition,funding, construction,installation,relocationand/orredevelopment.Bywayofexample,theCity collectsCapitalExpansionFeestosupportstreetoversizing,however,severalbridgestructures necessarytofacilitategradeseparatedcrossingsofrailroadinfrastructurewerenotincluded inthecalculationoftheseFees;therefore,thebridgeswouldbeandeligibleRegional Improvement,wheretheroadsurfaceitselfwouldnot. Section5–Fees A. NorequesttocreateaMetroDistrictshallproceeduntilthefeessetforthhereinarepaidwhen required.AllchecksaretobemadepayabletotheCityofFortCollinsandsenttotheEconomic HealthOffice. 1. LetterofInterestSubmittalFee:ALetterofInterestistobesubmittedtotheCity’sEconomic HealthOfficeandanonͲrefundable$2,500feeshallbepaidatthetimeofsubmittalofthe Letter. 2. ApplicationFee:AnapplicationalongwithadraftServicePlan(basedontheModelService Plan)istobesubmittedtotheCity’sEconomicHealthOfficeanda$7,500nonͲrefundablefee alongwitha$7,500deposittowardstheCity’sotherexpensesshallbepaidatthetimeof submittaloftheApplicationanddraftServicePlan. 3. AnnualFee:EachDistrictshallpayanannualfeefortheCity’sonͲgoingmonitoringofeach MetroDistrict.Thisannualfeeshallbe$500orifmultipleDistrictsexistservingasingleproject, thentheannualfeeshallbe$500plus$250foreachadditionalDistrictbeyondthefirst(e.g., theannualfeeforConsolidatedABCMetroDistricts1to7shallbe$500plus$250timessixor $2,000). 4. NonͲModelServicePlanFee:ADistrictproposalrequestingasubstantialdeviationfromthis PolicyortheapplicableModelServicePlan,shallpayanadditionalnonͲrefundablefeeof $5,000atthetimeofsubmittingitsapplication;theCityshallinitssoleandreasonable discretiondetermineifadraftServicePlanproposesasubstantialdeviationfromthisPolicyor theapplicableModelServicePlan. 5. OtherExpenses:Ifthedepositspaidinsubsections2and6arenotsufficienttocoverallthe City’sotherexpenses,theapplicantforaDistrictshallpayallreasonableconsultant,legal,and otherfeesandexpensesincurredbytheCityintheprocessofreviewingthedraftServicePlan oramendedServicePlanpriortoadoption,documentsrelatedtoabondissueandsuchother expensesasmaybenecessaryfortheCitytoincurtointerfacewiththeDistrict.Allsuchfees andexpensesshallbepaidwithin30daysofreceiptofaninvoicefortheseadditionalfeesand expenses. 12 6. ServicePlanAmendmentFee:IfaproposedamendmenttoaServicePlanissubmittedtothe City’sEconomicHealthOffice,itshouldbesubmittedwithanonͲrefundable$2,500feealong witha$2,500deposittowardstheCity’sotherexpensesandshallbepaidatthetimeof submittaloftheapplicationanddraftamendedServicePlan. 12 EXHIBIT A PUBLIC BENEFIT EXAMPLES The following list of examples is meant to be illustrative of the types of projects that deliver the defined public benefits in this policy. Projects that deliver similar or better outcomes will also be considered on their merits. (Continued on next page) Category / Sub-Category Example Projects 1. Green House Gas Reductions - See subsequent sub-categories 2. Water and/or Energy Conservation - District-wide non-potable water system(s) - District-wide renewable energy systems(s) - Delivery of 20% or more rooftop solar - Greywater reuse system(s) - if allowed by law 3. Multimodal Transportation - Buffered bike lanes - Wider than required sidewalks - Enhanced pedestrian crossings - Underpass(es) 4. Enhance Community Resiliency - Significant stormwater improvements (previously identified) - Improvements to existing bridges 5. Increase Renewable Energy Capacity - District-wide renewable energy systems(s) - Set aside land for community solar garden(s) - Utility scale renewable project(s) 1. Within District Area - Community Park Land (beyond code requirements) - Regional Stormwater Facilities - Major arterial development - Parking Structures (Publicly Accessible) 2. Adjacent to Proposed District - Contribution to major interchange/intersection - Contribution to grade separated railroad crossings Environmental Sustainability Outcomes Critical Public Infrastructure 13 Category / Sub-Category Example Projects 1. Increase density - Alley load construction - Smaller Lot Size - Increased multifamily development 2. Walkability & Pedestrian Friendliness - Wider than required sidewalks - Enhanced pedestrian crossings - Underpass(es) - Trail system enhancements 3. Increase availablity of Transit - Improved bus stops - Restricted access guideways for bus operations - Transfer facilities 4. Public Spaces - Pocket Parks - Neighborhood Parks (beyond code requirements) 1. Affordable Housing - Units permanently affordable to 80% Area Median Income - Land dedicated to City's land bank program 2. Attainable Housing - Units permanently affordable to 81 to 120% Area Median Income 2. Infill/Redevelopment - Address environmental contamination / concern - Consolidate wetlands or natural area (positive benefits) 3. Economic Health Outcomes - Facilitate job growth (at or above County median income) - Retain an existing business High Quality and Smart Growth Management Strategic Priorities NOTES Points A. 10% Home Ownership at <120% AMI 10% deed restricted, for-sale, single family units not to exceed 120% AMI *Point multiplier: If all housing units meet DOE Zero Energy Ready (ZER) standard, 1 additional point received 4/5* B. Limit Unit Size for 20% single family homes A combination of Attached or detached, single family units based on at least 2 of the following breakpoints: 5% less than 800 SF 5% between 800 to 1,100 SF 5% between 1,100 to 1,300 SF 5% between 1,300 to 1,600 SF 5% between 1,600 and 2,200 SF **Option for Point multiplier: If 3 of the following breakpoints are selected, 1 additional point OR If all housing units meet DOE Zero Energy Ready (ZER) standard, 1 additional point received 2/3** C. Accessory Dwelling Units (ADU's) Detached or attached Accessory Dwelling Units between 300 and 800 SF in size for a minimum of 10% of the units within the development plan.2 A. 10% Affordable Rental Housing 10% rental units serving an income average not to exceed 60% AMI 2 B. 10% Affordable Rental Housing that does not utilize competitive funding sources 10% rental units serving an income average not to exceed 60% AMI that does not utilize competitive funding sources, i.e.- local limited Private Private Activity Bonds, Low Income Housing Tax Credits (LIHTC) and City competitive grant process funding (CDBG/HOME/Affordable Housing Fund), or a development that otherwise demonstrates it contributes net-new units of affordable housing into the Fort Collins community. 3 Required number of Housing Points 5 FORT COLLINS RESIDENTIAL METRO DISTRICTS EVALUATION POINTS SYSTEM Required Number of Points: Housing - 5 points Energy Conservaton and Renewables - 10 points * Indoor Water Conservation - 3 points Outdoor Water Conservation - 7 points Neighborhood Livability - 5 points * At least one Enhanced Energy Performance option must also be selected 1. Housing Supply, Diversity, and Choice HOUSING 2. Affordable Rental Housing EXHIBIT B NOTES Points A. DOE Zero Energy Ready (ZER) Home Performance Path Certified with balanced mechanical whole dwelling ventilation Very similar to current code, but with more rigorous 3rd party inspection. Studies show incremental cost of building to ZER ranges from only 0.9-2.5%, with Fort Collins likely be on lower end with existing stricter building code. ZE and ZER levels of efficiency could be achieved without aggressive or cutting-edge envelope and HVAC solutions.1 Local example - REVIVE: Total Marginal Cost for Zero Ready (4.8%) - Increase monthly mortgage payment=$84, Monthly savings=$138. Projected monthly utility energy bill=$20.2 1. Peterson, Gartman, Cordivae, The Economics of Zero Energy Homes, Rocky Mountain Institute, 2019 https://rmi.org/wp- content/uploads/2018/10/RMI_Economics_of_Zero_Energy_Homes_2018.pdf 2. McFaddin, Economics of Energy Performance – REVIVE Properties, 2019 https://www fcgov com/greenbuilding/files/mcfaddin green-finance-2019 pdf?1584398326 4 B.OR HERS index of 47 or less without solar and single family detached and attached dwellings must achieve 2.0 or less ACH50 and provide balanced mechanical whole dwelling ventilation Building records confirm new homes in Fort Collins built to code are delivering scores of 58-62. Proficient builders are capable of achieving a HERS in the mid 40's resulting in an average annual energy cost savings of $350-400 over a code built home.3 For Multifamily development, the HERS score shall be in accordance with RESNET Guidelines for Multifamily Energy Ratings 3. https://www.hersindex.com/ 4 C.OR Energy Rating Index (ERI) path single family detached and attached dwellings must achieve 2.0 or less ACH50 with balanced mechanical whole dwelling ventilation Energy Rating Index (ERI) of 40 or lower. ERI as a metric has a backstop to prevent builders from a reduced envelope performance. Must also achieve 2.0 or less ACH50 and 3 D.OR Net Zero Energy Home Performance Path - HERS of 0 or less with balanced mechanical whole dwelling ventilation Optional compliance paths that would replace all of the above requirements. 7 ENERGY, RENEWABLES & WATER 1. Enhanced Energy Performance EXHIBIT B NOTES Points A. Heat homes with efficient electric heat Efficient electric heat is defined as a Geothermal Heat Pump or Cold Climate Air Source Heat Pump (ccASHP) with a COP of 1.9 or greater at a heating design temp of 5o F. Product list of qualifying ccASHP's: https://neep.org/high-performance-air-source-heat-pumps/ccashp-specification-product- list 2 B. Build to Passive House Standard 5% of homes built to either International Passive House Association (iPHA) or Passive House Institute US (PHIUS) standard.3 C. Build air tight homes with balanced whole dwelling ventilation with heat or energy recovery Build homes to чϭ͘ϱ,ϱϬĂŝƌƚŝŐŚƚŶĞƐƐ͘ĂůĂŶĐĞĚŵĞĐŚĂŶŝĐĂůǁŚŽůĞĚǁĞůůŝŶŐǀĞŶƚŝůĂƚŝŽŶǀŝĂ,ĞĂƚZĞĐŽǀĞƌLJ sĞŶƚŝůĂƚŽƌ;,ZsͿŽƌŶĞƌŐLJZĞĐŽǀĞƌLJsĞŶƚŝůĂƚŽƌ;ZsͿ͘1 D. District Heating and Cooling for Neighborhood Utilize electric-based centralized heating and cooling systems such as a neighborhood scale ground source heat pump. Usually more cost effective for commercial and mixed use and not residential SF. 3 E. Install qualifying connected thermostat /ŶƐƚĂůůƋƵĂůŝĨLJŝŶŐĐŽŶŶĞĐƚĞĚƚŚĞƌŵŽƐƚĂƚĨƌŽŵ&ŽƌƚŽůůŝŶƐhƚŝůŝƚŝĞƐWĞĂŬWĂƌƚŶĞƌƐĚĞŵĂŶĚƌĞƐƉŽŶƐĞ;ZͿƉƌŽŐƌĂŵ͘ dŚŝƐďŽůƐƚĞƌƐƚŚĞƵƚŝůŝƚŝĞƐZĞĨĨŽƌƚďLJŝŶĐƌĞĂƐŝŶŐƚŚĞŶƵŵďĞƌŽĨŚŽŵĞƐƚŚĂƚĐĂŶŽƉƚͲŝŶƚŽƚŚĞƉƌŽŐƌĂŵ͘ https://peakpartnersfortcollins.com/ 1 F. Install air source heat pump electric water heater Fort Collins Utilities Peak Partners connected air source heat pump water heaters get the additional point (up to 3 pts). https://peakpartnersfortcollins.com/ 2-3 G. Provide EV-Installed charging for ďƵŝůĚŝŶŐƐĐŽŶƚĂŝŶŝŶŐZͲϭŽƌZͲϮ occupancies. WƌŽǀŝĚĞsͲ/ŶƐƚĂůůĞĚĐŚĂƌŐŝŶŐĨŽƌϳйŽĨƚŚĞƚŽƚĂůƉĂƌŬŝŶŐƐƉĂĐĞƐĨŽƌďƵŝůĚŝŶŐƐĐŽŶƚĂŝŶŝŶŐZͲϭŽƌZͲϮŽĐĐƵƉĂŶĐŝĞƐ͘ Single family detached and single family attached are excluded as current code requires all new single family homes have EV ready conduit installed from the panel to a junction box located in a garage or carport. https://www.swenergy.org/transportation/electric-vehicles/building-codes#who 1 A. Install % of total energy need in ƐŽůĂƌ;ϱϬͬϳϱͬϭϬϬйͿ Installations may be on individual rooftops or in shared as in “solar gardens” and will be virtually net metered. These additional points cannot be used toward total if Enhanced Energy Performance item D - Net Zero Energy Home above is utilized. 1 - 3 B. Smart storage and grid interactivity Install interactive grid storage system that allows owners to optimize renewable energy storage and energy utilization through smart grid technologies. Points are differentiated by size of battery, and capability of export to the grid (3 pts) 1 - 3 ZĞƋƵŝƌĞĚŶƵŵďĞƌŽĨŶĞƌŐLJ^ĂǀŝŶŐΘ ZĞŶĞǁĂďůĞWŽŝŶƚƐ ϭϬ 3. Renewable ENERGY, RENEWABLES & WATER 2. Energy Components EXHIBIT B NOTES Points A. WaterSense fixtures performing above code New construction provides fixture efficiencies surpassing code standards and must all be WaterSense Certified. ͻ ϭ͘Ϭ'W&ͬϲϬϬŐƌĂŵDĂWƐĐŽƌĞƚŽŝůĞƚƐ;ĚƵĂůĨůƵƐŚĐŽĚĞĚĞĨͿΘ ͻ ϭ͘ϱŐƉŵƐŚŽǁĞƌŚĞĂĚƐ 2 B. Install leak detection and notification system ĂĐŚŚŽŵĞŽƌƵŶŝƚŵƵƐƚďĞǁĂƚĞƌƐŚƵƚŽĨĨǀĂůǀĞĞŶĂďůĞĚĂŶĚŝŶƐƚĂůůĞĚďLJĂůŝĐĞŶƐĞĚƉůƵŵďĞƌ͘&ůŽďLJDŽĞŶĂŶĚ WŚLJŶWůƵƐ^ŵĂƌƚtĂƚĞƌƐƐŝƐƚĂŶƚĂƌĞƚǁŽĞdžĂŵƉůĞƐ͘ϭ C. Sub-metering WƌŝǀĂƚĞůLJŽǁŶĞĚĂŶĚŵĂŝŶƚĂŝŶĞĚƐƵďͲŵĞƚĞƌŝŶŐŝƐƉƌŽǀŝĚĞĚĨŽƌŝŶĚŝǀŝĚƵĂůƵŶŝƚƐǁŝƚŚŝŶŵƵůƚŝͲĨĂŵŝůLJĚĞǀĞůŽƉŵĞŶƚƚŽ ŚĞůƉǁŝƚŚǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚĂŶĚůĞĂŬĚĞƚĞĐƚŝŽŶ͘ϭ͘ϱ D. Efficient plumbing design DĞĞƚ^ĞĐƚŝŽŶϯ͘ϯŽĨƚŚĞtĂƚĞƌ^ĞŶƐĞEĞǁ,ŽŵĞ^ƉĞĐŝĨŝĐĂƚŝŽŶ͕ǁŚŝĐŚƌĞƋƵŝƌĞƐƚŚĂƚŚŽƚǁĂƚĞƌĚŝƐƚƌŝďƵƚŝŽŶƐLJƐƚĞŵƐ ƐƚŽƌĞŶŽŵŽƌĞƚŚĂŶϬ͘ϱŐĂůůŽŶƐŽĨǁĂƚĞƌďĞƚǁĞĞŶƚŚĞƐŽƵƌĐĞŽĨŚŽƚǁĂƚĞƌĂŶĚƚŚĞĨƵƌƚŚĞƐƚĞdžŝƐƚŝŶŐĨŝdžƚƵƌĞƐĂŶĚ ƉƌŽǀŝĚĞƐŝŶƐƉĞĐƚŝŽŶĂŶĚĐŽŵƉůŝĂŶĐĞŵĞƚŚŽĚƐĂŶĚĚĞƚĂŝůƐ͘dŚŝƐŝƐĂůƐŽƚŚĞƐƚĂŶĚĂƌĚƵƐĞĚŝŶKΖƐĞƌŽŶĞƌŐLJ Ready program. Ϭ͘ϱ E. Indoor Water Use Innovation dŚĞƉƌŽũĞĐƚĚĞŵŽŶƐƚƌĂƚĞƐŝŶĚŽŽƌǁĂƚĞƌƵƐĞŝŶŶŽǀĂƚŝŽŶĂŶĚƉƵƌƐƵŝƚŽĨďƵŝůĚŝŶŐĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͘WŽŝŶƚƐĂƌĞĂĐŚŝĞǀĞĚ ǁŚĞŶĂƉƉůŝĞĚƚŽĂůůĂƉƉůŝĐĂďůĞďƵŝůĚŝŶŐƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘ϭ ZĞƋƵŝƌĞĚŶƵŵďĞƌŽĨ/ŶĚŽŽƌtĂƚĞƌWŽŝŶƚƐ ϯ 4. Indoor Water * ENERGY, RENEWABLES & WATER EXHIBIT B NOTES Points A. Efficient Residential irrigation systems ** Install efficient irrigation systems for all residential sprinkler systems, WaterSense Certified (WS), where available: ͻ WƌĞƐƐƵƌĞƌĞĚƵĐŝŶŐŚĞĂĚƐ;t^ͿĂŶĚŚŝŐŚĞĨĨŝĐŝĞŶĐLJŶŽnjnjůĞƐ ͻ tĞĂƚŚĞƌͲďĂƐĞĚŝƌƌŝŐĂƚŝŽŶĐŽŶƚƌŽůůĞƌ;t^Ϳ ͻ &ůŽǁƐĞŶƐŽƌ ͻ DĂƐƚĞƌǀĂůǀĞ 2 B. Water efficient landscaping for residential front yards &ƌŽŶƚLJĂƌĚͲƌĞĂƚĞǁĂƚĞƌǁŝƐĞ͕ƉůĂŶƚĨƌŝĞŶĚůLJůĂŶĚƐĐĂƉĞƐ͕ŝŶĐůƵĚŝŶŐĂǁĂƚĞƌďƵĚŐĞƚŽŶĂϭϬŐĂůůŽŶŽƌůĞƐƐƉĞƌ^& ďĂƐŝƐǁŝƚŚŝŶƌĞƐŝĚĞŶƚŝĂůĨƌŽŶƚLJĂƌĚƐ͘ŽŶƐŝĚĞƌƉůĂŶƚƐĞůĞĐƚŝŽŶ͕ƚƌĞĞƉƌŽƚĞĐƚŝŽŶͬƐĞůĞĐƚŝŽŶ͕ŵŝƌƌŽƌŝŶŐǁĂƚĞƌďƵĚŐĞƚ ƚĂďůĞƌĞƋƵŝƌĞŵĞŶƚƐŽŶƚŚĞĐŽŵŵĞƌĐŝĂůƐŝĚĞ͕ďƵƚůĞƐƐƚŚĂŶϭϬŐƉƐĨ 2 C. Separate drip system for trees within parkways and medians ƐƚĂďůŝƐŚƐĞƉĂƌĂƚĞĚƌŝƉƐLJƐƚĞŵƐĨŽƌƚƌĞĞƐŝŶĐŽŵŵŽŶĂƌĞĂƐƚŽƐƵƉƉŽƌƚƵƌďĂŶĨŽƌĞƐƚŚĞĂůƚŚĂŶĚƌĞƐŝůŝĞŶĐLJ͕ĞƐƉĞĐŝĂůůLJ ĚƵƌŝŶŐǁĂƚĞƌƐŚŽƌƚĂŐĞƐ͘ 2 ͘ŽŵŵŽŶĂƌĞĂǁĂƚĞƌƵƐĞ performing above code ϭϮŐĂůůŽŶƐƉĞƌƐƋ͘Ĩƚ͘ŵĂdžŽƌƐůŝĚŝŶŐƐĐĂůĞ;Ğ͘Ő͘ʹϯƉƚĨŽƌϴŐƉƐĨŽƌůĞƐƐ͕ϮƉƚƐĨŽƌϵͲϭϭŐƉƐĨ͕ϭƉƚĨŽƌϭϮͲϭϰŐƉƐĨŽƌ ƐŽŵĞƚŚŝŶŐƐŝŵŝůĂƌͿ͘ůŝŐŶŵĞƚƌŝĐƐƚŽ>KǁĂƚĞƌďƵĚŐĞƚƚĂďůĞ ϭͲϯ E. Stormwater Innovation hƐĞƐŝŶŶŽǀĂƚŝǀĞƐƚŽƌŵǁĂƚĞƌƚĞĐŚŶŝƋƵĞƐƐƵĐŚĂƐ>Žǁ/ŵƉĂĐƚĞǀĞůŽƉŵĞŶƚ;>/ͿŽƌ'ƌĞĞŶ/ŶĨƌĂƐƚƌƵĐƚƵƌĞƚŽĐĂƉƚƵƌĞ ĂŶĚƚƌĞĂƚƌƵŶŽĨĨĂƚƚŚĞƐŽƵƌĐĞĂƐĚĞĨŝŶĞĚĂŶĚŝůůƵƐƚƌĂƚĞĚŝŶƚŚĞŝƚLJ͛Ɛ>//ŵƉůĞŵĞŶƚĂƚŝŽŶDĂŶƵĂů͘ ŚƚƚƉƐ͗ͬͬǁǁǁ͘ĨĐŐŽǀ͘ĐŽŵͬƵƚŝůŝƚŝĞƐͬͬŝŵŐͬƐŝƚĞͺƐƉĞĐŝĨŝĐͬƵƉůŽĂĚƐͬĨĐƐĐŵͲĂƉƉĞŶĚŝdžͲĐ͘ƉĚĨ͍ϭϱϰϵϱϲϲϯϰϰ ϭͲϮ &͘ZĂŝŶďĂƌƌĞůƐ Ϭ͘ϱƉƚĨŽƌĞǀĞƌLJƚǁŽ͕ϭϬϬͲŐĂůůŽŶďĂƌƌĞůƐ͘ϭƉƚŵĂdžŝŵƵŵ;K^ƚĂƚĞ>ĂǁͲϮdžϭϬϬŐĂůůŽŶƐƉĞƌƌĞƐŝĚĞŶƚŝĂůƵŶŝƚŽŶƵŶŝƚƐ ϰŽƌĨĞǁĞƌͿ Ϭ͘ϱͲϭ '͘KƵƚĚŽŽƌtĂƚĞƌhƐĞ/ŶŶŽǀĂƚŝŽŶ dŚĞƉƌŽũĞĐƚĚĞŵŽŶƐƚƌĂƚĞƐŽƵƚĚŽŽƌǁĂƚĞƌƵƐĞŝŶŶŽǀĂƚŝŽŶĂŶĚƉƵƌƐƵŝƚŽĨďƵŝůĚŝŶŐĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͘WŽŝŶƚƐĂƌĞĂĐŚŝĞǀĞĚ ǁŚĞŶĂƉƉůŝĞĚƚŽĂůůĂƉƉůŝĐĂďůĞďƵŝůĚŝŶŐƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚ͗ &ŽƌƐŝŶŐůĞĨĂŵŝůLJĂŶĚĚƵƉůĞdžŚŽŵĞƐ͗,Z^,ϮϬ;EŽŵŝŶŝŵƵŵƐĐŽƌĞ͕ďƵƚĐĞƌƚŝĨŝĐĂƚŝŽŶƌĞƋƵŝƌĞĚͿ tZ^;EŽŵŝŶŝŵƵŵƐĐŽƌĞ͕ďƵƚĐĞƌƚŝĨŝĐĂƚŝŽŶƌĞƋƵŝƌĞĚͿ EĞƚůƵĞʹŽĨĨƐĞƚϮϱйŽƌŵŽƌĞǁĂƚĞƌƵƐĞĨƌŽŵŶĞǁĚĞǀĞůŽƉŵĞŶƚƐǁŝƚŚǁĂƚĞƌĞĨĨŝĐŝĞŶĐLJƵƉŐƌĂĚĞƐͬƌĞƚƌŽĨŝƚƐƚŽ ĞdžŝƐƚŝŶŐĂŶĚͬŽƌƚŚĞŶĞǁĚĞǀĞůŽƉŵĞŶƚ;ƐͿ͕ƉĞƌƚŚĞEĞƚůƵĞƉƌŽŐƌĂŵ ϭ ϭ 2 ZĞƋƵŝƌĞĚŶƵŵďĞƌŽĨKƵƚĚŽŽƌtĂƚĞƌ Points 7 5. Outdoor Water * ΎŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞƐĞŝŶĚŽŽƌĂŶĚŽƵƚĚŽŽƌǁĂƚĞƌƐƚĂŶĚĂƌĚƐĚŽŶŽƚĂůƚĞƌĂƉƌŽũĞĐƚ͛ƐƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽƐĂƚŝƐĨLJǁĂƚĞƌƐƵƉƉůLJƌĞƋƵŝƌĞŵĞŶƚƐŽĨ>K͕&>t͕&ŽƌƚŽůůŝŶƐhƚŝůŝƚŝĞƐŽƌŽƚŚĞƌŐŽǀĞƌŶŝŶŐǁĂƚĞƌ ƐĞƌǀŝĐĞĚŝƐƚƌŝĐƚ͘dŽƌĞĐĞŝǀĞůŝƐƚĞĚƉŽŝŶƚƐ͕ŵĞĂƐƵƌĞƐŵƵƐƚďĞĂƉƉůŝĞĚƚŽĂůůĂƉƉůŝĐĂďůĞĂƌĞĂƐ͕ƉƌŽƉĞƌƚŝĞƐĂŶĚďƵŝůĚŝŶŐƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘ ΎΎ&ŽƌǁĂƚĞƌƐŽƵƌĐĞƐŽƚŚĞƌƚŚĂŶƉŽƚĂďůĞ͕ĂĚĚŝƚŝŽŶĂůƌĞƋƵŝƌĞŵĞŶƚƐƐŚĂůůďĞŝŶĐůƵĚĞĚ͕ƐƵĐŚĂƐǁĂƚĞƌĨŝůƚƌĂƚŝŽŶ͕ƉƵƌƉůĞƉŝƉĞĂŶĚǀĂůǀĞďŽdž͕ŶŽĐƌŽƐƐĐŽŶƚĂŵŝŶĂƚŝŽŶǁŝƚŚƉŽƚĂďůĞƐƵƉƉůŝĞƐ͕ĂŶĚŶŽĚƌŝƉ ŝƌƌŝŐĂƚŝŽŶŽŶŶŽŶͲƉŽƚĂďůĞƐLJƐƚĞŵƐ͘ ENERGY, RENEWABLES & WATER EXHIBIT B NOTES Points A. Off-site Trail Connection Direct connections to off-site bicycle and pedestrian facilities, including but not limited to the regional paved trail system, the low-stress bicycle network and other local paved trail systems.1 B. Exemplary Bicycle and Pedestrian Improvements Provide pedestrian and bicycle circulation improvements exceeding Larimer County Urban Areas Street Standards (LCUASS) requirements. e.g. - buffered bicycle lanes, concrete crosswalks, enhanced intersection paving design, enhanced streetscape design, and pedestrian-oriented lighting. 1 C. Level 3 EV Charging Stations Publicly-accessible Level 3 EV charging stations provided in convenient locations. 1 D. Trail Connection provided to a School An off-site and off-street trail connection is provided to a neighboring public or private school.1 E. Transportation Innovation The project provides innovative transportation improvements.1 A. Access to Essential Neighborhood Services Includes at least two neighborhood-serving retail or service uses, e.g.- recreation facilities, childcare, daycare, and healthcare facilities in the project (1 point) , or three or more uses (2 points), and 3 points for a grocery store or supermarket. 1 - 3 B. Vertical Mixed-Use Buildings A mixture of uses are provided in the same building. Lower floors typically include more public uses with private uses on the upper floors. Examples include ground floor retail or services, with remaining floors including residential units. 2 C. Community Gathering Spaces Provides a plaza, public square, park or other similar public open space within the project that exceeds requirements of Section 4.5.1 D. Community Workspace Provide common neighborhood workspaces; (e.g., workshops, maker spaces, over/under live workspaces).1 E. Common Areas Food Production Provisions for community gardens, edible landscapes, and/or on-site urban agriculture.1 F. Innovative Neighborhood Amenities The project provides innovative neighborhood amenities.1 2. Neighborhood Amenities NEIGHBORHOOD LIVABILITY 1. Transportation EXHIBIT B NOTES Points A. Access to Parks & Open Spaces Each resident is within 1,320 feet of a park and/or open space, including areas of respite (i.e., places that are quiet, beautiful, naturalistic).1 B. Enhanced Habitat Integrate pollinator corridors in design, create and/or enhance wildlife habitat/corridors, ecological restoration of degraded systems using native and adaptive landscaping in common areas.1 C. Expansion of Adjacent Natural Habitat If the site is contiguous or adjacent a natural area or natural habitat or feature, creates internally contiguous habitat opportunities a minimum of ten (10) percent greater than the requirements specified in 3.4.1. 1 D. Innovation in Natural Environment Protection The project provides innovative measures to protect or enhance the Natural Environment.1 A. Universal Design Create interior spaces that are accessible to people with diverse ability levels and that support lifelong living (1 point), e.g.- doorways that provide 32 inches of clearance and a ground floor bathroom accommodating future installation of grab bars . Provide zero step entryways (2 points) 1 - 2 B. 0.5% for Arts & Culture The amount equal to one half (0.5) percent of the total capital infrastructure construction costs of the Metro District for the planning, design and construction of public art, including “functional art” in community spaces, parks, plazas, playgrounds, or other areas viewable to the public. 1 C. Sustained Educational Programing Provide long-term funding in infrastructure for ongoing community engagement and educational programming that support learners of all ages (e.g. High Plains Environmental Center, library branch, community college branch). 1 D. Excellence in Community Engagement Community engagement process follows the National Charrette Institute (NCI) standards that engage diverse constituents in participatory design processes designed to understand and accommodate community aspirations and priorities for the specific site. 1 E. Health, Culture or Education Innovation The project provides innovative techniques to promote health, culture or education.1 Required Number of Neighborhood Livability Points 5 3. Natural Environment 4. Health, Culture & Education NEIGHBORHOOD LIVABILITY EXHIBIT B 14 EXHIBIT MODEL SERVICE PLAN # # )1"1)(.1$1 *%*1)",1 1'' 11"!, *#!1/*1 *1 +1 "1 "'*1 ")1 "01 '1 -/1 (-1 )1 ' 1 * 1 1 *'#&"*1)*(*)1 # ~vu~,,LG ! ! M)),D.B$NO$!!P.Q$, RS! $N"T,#,+U$q <īOZ İ+İõ ĩİr 1 T, 5¯°@ E! !(± M# a²%5İİ û +İ İe' đ/?İ$!5! ³%!!-!u["1 #;0@\# %"4 #! 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This property is located in the following metropolitan district: (Insert District Name). In addition to standard property taxes identified on the next page, this property is subject to a metropolitan district mill levy (another property tax) ofup to: (Insert mill levy maximum). Based on the property's inclusion in the metropolitan district, an average home sales price of $300,000 could result in ADDITIONAL annual property taxes up to: (Insert amount). The next page provides examples of estimated total annual property taxes that could be due on this property, first if located outside the metropolitan district and next if located within the metropolitan district. Note: property that is not within a metropolitan district would not pay the ADDITIONAL amount. The metropolitan district board can be reached as follows: (Insert contact information). You may wish to consult with: (1) the Larimer County Assessor's Office, to determine the specific amount of metropolitan district taxes currently due on this property; and (2) the metropolitan district board, to determine the highest possible amount of metropolitan district property taxes that could be assessed on this property. Exhibit K to Title 32 Metropolitan District Model Serivce Plan for Multiple Districts ESTIMATE OF PROPERTY TAXES Annual Tax Levied on Residential Property With $300,000 Actual Value Without the District Taxing Entity Mill Levies (2017**) Annual tax levied Insert entity Insert amount $ Insert amount Larimer County Insert amount $ Insert amount City of Fort Collins Insert amount $ Insert amount Insert entity Insert amount $ Insert amount Insert entity Insert amount $ Insert amount Insert entity Insert amount $ Insert amount TOTAL: Insert total $ Insert amount Annual Tax Levied on Residential Property With $300,000 Actual Value With the District (Assuming Maximum District Mill Levy) Taxing Entity Mill Levies (2017**) Annual tax levied Insert District Name Insert amount $ Insert amount Insert entity Insert amount $ Insert amount Larimer County Insert amount $ Insert amount City of Fort Collins Insert amount $ Insert amount Insert entity Insert amount $ Insert amount Insert entity Insert amount $ Insert amount Insert entity Insert amount $ Insert amount TOTAL: Insert total $ Insert total **This estimate of mill levies is based upon mill levies certified by the Larimer County Assessor's Office in December 20_ for collection in 20_, and is intended only to provide approximations of the total overlapping mill levies within the District. The stated mill levies are subject to change and you should contact the Larimer County Assessor's Office to obtain accurate and current information.