2019-356-E Planning - Tischler Bise Fiscal Economic Model consulting

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'DocuSi n Envelope ID:49DCCCCF-BDED-4EDB-A3D5-579B6C96F48E been modified and expanded in the recent update,to keep up with the ever-changing types of development being proposed in the City. City of Henderson, Nevada — Long-Term Financial Model Project Contact: Andrew Powell, Senior Planner Phone: (816) 969-1023 Email: andrew.powell@cityofhenderson.com TischlerBise is in the process of implementing a fiscal impact model for the City of Henderson for use in evaluating large scale development projects, as well as area-specific and corridor plans. As part of the development of this model, TischlerBise reported to a multi-department project management team that provided feedback on model design and the underlying model assumptions City of Georgetown, Texas — Fiscal Impact Models Project Contact: Wayne Reed, Assistant City Manager Phone: (512) 819-3118 E-mail: wayne.reed@georgetown.org The City of Georgetown,Texas, retained TischlerBise to develop two Fiscal Impact Models:One to evaluate Development Proposals and the other to evaluate Citywide Growth scenarios.TischlerBise worked in close collaboration with the City to deliver flexible yet structured Fiscal Impact Models. The City is a fast-growing area outside the City of Austin and had two separate needs and desires: 1. To analyze a range of development proposals on a case-by-case basis to test alternative scenarios: Addressed with the Project Level Fiscal Impact Model. 2. To utilize for longer-term planning analyses, such as their upcoming Comprehensive Plan update: Addressed with the Citywide Fiscal Impact Model. The Citywide Fiscal Impact Model was developed using sub-geographies using a case-study marginal approach. The Project Level Fiscal Impact Model uses the marginal findings as the foundation with modifications to allocate costs to the project under study The Project Level Model provides a custom- designed user input page that uses dropdown menus and default values but also allows the user to override those values temporarily. Color coding provides visual cues for the user where default values have been overridden (blue) and where user input is still needed (red). Number of Number of units Total number Start Year Land Use Type Taxable value Type of units absorbed each Years to Build a of units [dropdown] [dropdown] per unit Out year[calculated] Single-family Detached Starter(SFDS) 100 1.0 1 Single Family 100.0 $250,000 Single-family Detached Middle(SFDM) 25 0.0 n/a Single Family 0.0 $420,000 Single-family Detached Estate(SFDE) 0 0.0 n/a Single Family 0.0 $495,000 Single-family Detached Age Restricted(SFDAR) 0 0.0 n/a Single Family 0.0 $273,000 Single-family Attached/Condos 0 0.0 n/a Single Family 0.0 $220,000 Multi-family 0 0.0 n/a Multifamily 0.0 $155,000 10 TischlerBise PISCOL ECONOMIC I P-ANKING