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<br />Proposed Analysis Methodology <br />Step One: Identify Significant Service Costs <br />o Identify the service requirements indicated for each element of the proposed <br />development options. <br />o Review existing services currently provided by the City. <br />o Review current budget and financial report related to services provided. <br />o Prepare cost estimates for new services and modifications to existing services <br />indicated by proposed development options. <br />o Prepare draft service impact model for review and comment. <br />o Refine service impact model. <br /> <br />. <br /> <br />Step Two: Identify Capita] Costs <br />o Identify potential impacts on infrastructure systems including water, sewer, <br />storm seWer, road, street lighting. <br />o Review capital financing mechanisms. <br /> <br />.step Three: Identify and Evaluate Economic Impacts <br />o Identify characteristics defining the service requirements of existing <br />development elements. <br />o Identify characteristics defining the service requirements for the proposed <br />development elements. <br />o Evaluate the impact of the proposed development on existing economic <br />elements. <br /> <br />. <br /> <br />Step Four: Model Revenue Sources from New Development <br />o Using developer's build-out estimates, project the property tax increases for <br />the City. <br />o Estimate changes in fiscal disparities income for the City. <br />o Outline existing and future SACIW AC revenues and survey other cities for <br />comparison. <br />o Explorc other fees such as platting fecs, tnrnk assessments, etc. <br /> <br />Step Five: Review/Prepare Development Model <br />o Identify timing/phasing of proposed development. <br />o Identify and review servicc impacts of similar developments. <br />o Review/prepare financial projection for proposed development. <br /> <br />Step Six: Prepare Analvsis and Final Report <br />o Draft report for staff review. <br />o Present final report to City Council. <br /> <br />Project Team <br />The Project Team will include Mark Ruff and Jim Prosser. Copics of their resumes are <br />attachcd. Mr. Ruff has extensive prior experience in municipal finance management and <br />is an expert in development and tax finance. Mr. Prosser's experience includes 25+ years <br /> <br />. <br /> <br />Proposal for Fiscal Impact Analysis <br />