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"DocuSi. velope ID:49DCCCCF-BDED-4EDB-A3D5-579B6C96F48E <br /> City of Corpus Christi, Texas— Cost of Land Uses Fiscal Analysis; Case Study-Marginal <br /> Analysis of Growth Scenarios; Fiscal Sustainability Recommendations and Revenue Strategies <br /> Project Contacts: Annika Gunning Yankee, Senior Project Planner <br /> Phone: (361) 826-3008 <br /> E-mail: annikag@cctexas.com <br /> TischlerBise, as part of the Plan CC consultant team, was been retained to conduct a three-phase Fiscal <br /> Analysis for the City of Corpus Christi, Texas. TischlerBise is providing the following services as an <br /> integral part of the process to update the City of Corpus Christi Comprehensive Plan. <br /> ■ Phase 1 was a Cost to Serve Fiscal Analysis. This type of analysis defines various "prototype" <br /> land uses and a "snapshot" approach is used to determine the annual costs and revenues to <br /> the City from each land use prototype. Typical factors used to define these prototypes include <br /> household size, market values, employees per square foot, and vehicle trips. The study found <br /> that: <br /> o Three of the seven residential land use prototypes included in the study (of different <br /> types and values)generate sufficient revenues to cover the operating and capital costs <br /> by the respective land use. <br /> o Five of the eight nonresidential land use prototypes included in the study generate <br /> sufficient revenues to cover operating and capital impacts. Nonresidential uses with <br /> relatively lower assessed values and high demand for services generate deficits. <br /> ■ Phase 2 was the Fiscal <br /> Cumulative[20-Year]Net Fiscal Impacts by Fund <br /> Impact Analysis of a future Plan CC Future Land Use Scenario <br /> City of Corpus Christi Fiscal Impact Analysis <br /> growth scenario projection $1,0W.0°° <br /> u Revenues <br /> developed as part of the 58°0.000 'o-cfi oExpenditures <br /> W Net Fiscal Impact <br /> Plan CC effort. TischlerBise <br /> modeled the scenario <br /> projection using numerical <br /> " 5200,°00 <br /> projections of population, <br /> 5n <br /> housing units, employment, <br /> and nonresidential building I521010'00°I <br /> area through the year 2034 5°° °' OtmulesNe AllFuntls Genrel Fund spetlal Revenue Funds Street fund Capital <br /> allocated to eight areas of <br /> the City. These "fiscal <br /> analysis zones" allowed the analysis to vary land use characteristics such as property values <br /> and infrastructure requirements. <br /> ■ Phase 3 addressed Revenue Strategies and Fiscal Sustainability Recommendations to help <br /> the City fund operating and capital needs. The report included the following topics: <br /> o Approaches, Strategies, and Philosophy: Discussion of the types of responses to <br /> budget needs as well as the rationale behind different approaches. <br /> o Fiscal Sustainability Strategies <br /> TischlerBise 11 <br /> :ISCAL I ECONOMIC I PLONNmG <br />