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08-05-96 Impact Advisory Comm MinTOWN OF WESTLAKE MINUTES OF THE IMPACT FEE ADVISORY COMMITTEE MEETING AUGUST 5, 1996 Present: Charla Bradshaw, Member Darcy Anderson, Member Steve Sallman, Member Richard Kuhlman, Member Abe Bush, Jr., Member Dennis Wilson, Town Planner Karl Stundins, Town Planner Paul Isham, Town Attorney Terry Morgan, Town Legal Advisor Tom Lawrence, Town Financial Advisor Larry Fuson, Town Engineering Advisor Eddie Haas, Town Planner Ginger Crosswy, Town Secretary Absent: Bill Greenwood, Member Scott Bradley, Member Dale White, Member Dennis Wilson opened the meeting at 7:00 p.m. by explaining what impact fees are and how they might affect property values. He stated that impact fees are the way that cities pay for the cost of growth, in terms of paying for the major facilities in a community. It is typical for developers to pay for local streets and utilities that go in place. City participation is generally when oversizing of streets and utilities is required to service future developments. This is a way of assigning the cost to new developments as growth occurs. Mr. Morgan and Mr. Haas added to this discussion in more detail. After several questions and answers the developers and large property owners on the committee were asked to estimate growth and development they anticipated as likely by the year 2006 on their property. Mr. Kuhlman of Maguire -Thomas Partners gave his estimates as to the growth within Solana. Running the Traffic Survey Zone #$493 along the current Sam School Road, the employment figures for the end of 1996 will be 1300. This is the Village Center area and will be built out by that time so the figure should not change in the future. The employment figures for #8441 for the end of 1996 will be 3600 and by 2006 will be 10,000. Phase 11 will have 500,000 square feet, Phase III will be 750,000 square feet, Phase IV will be 400,000 square feet and Phase V will be 500,000 square feet. It was then determined that Phase IV will be in TSZ #9207B. Mr. Anderson of Alliance Development Company gave his estimates of the development that will take place on the Circle T Ranch in the next 10 years. Keeping in mind that these are projected figures, he stated there would be 600 units of single family August 5, 1996 Impact Fee Advisory Committee Meeting Page 2 housing, 1.1 million square feet of regional retail, 6 to 900,000 square feet of additional retail, 60,000 square feet of restaurant area, and 600,000 square feet of office space. These figures were not broken down as to the Traffic Survey Zones, but Mr. Anderson will forward this information to Mr. Wilson. Mr. Wilson told the committee that he was not sure how we will deal with development that is beyond the current zoning ordinance. We may have to back it back to what is allowed. We have to deal with our current Comprehensive Plan until those changes are made. The residential will probably fit, the office certainly would but the amount of retail is the big issue. Mr. Sallman, of the Lyda Hunt Trust, gave no estimates of the development they would have in TSZ #8506 with 30 acres in #9210. He said that the whole 500 acres would be developed as soon as there is water service and certainly within the next 10 years. He stated that at the Northeast corner of 170 and 377 there would be a 200,000 square foot retail center anchored by a grocery store, but this area is not currently zoned for that. Mr. Sallman told the committee that he would take a closer look and come up with some realistic land use plans. Mr_ Anderson then asked if the financing plan proposed for the Circle T Ranch development were to be accepted, could it be accommodated within the impact fee process. Mr. Morgan responded that acceptance of the financing plan would precipitate a review of the impact fees, but that he felt such a plan could be accommodated. After a lengthy question and answer session it was decided that the committee will have its next meeting at 7:00 p.m. on Monday, August 19, 1996. The meeting was then adjourned at 8:25 p.m.