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Councilmember Brown concurred. She said she is proud of staff and honored to represent such a wonderful city. Councilmembers Cook-Kallio and Narum and Vice-Mayor Pentin thanked staff for their outstanding work. MOTION: It was m/s by Thorne/Narum, to accept the results of the FM3 Citizen Satisfaction Survey and the Proposed Performance Evaluation Metrics. Motion carried by the following vote: Ayes: Councilmembers Brown, Cook-Kallio, Narum, Pentin, Mayor Thorne Noes: None Absent: None 14. Review and accept the Long-Term Fiscal Impact Analysis of the General Plan and Housing Element Update Mr. Fialho introduced the item, stating that the analysis evaluates and supports the long-term fiscal sustainability of the city's General Plan and recently adopted Housing Element. Finance Director Wagner presented the staff report, stating that the Long-Term Fiscal Impact Analysis has been a Council priority since 2006. While staff and consultants began analyzing the different proposed land use scenarios of the Draft General Plan prior to its adoption in July 2009, completion of the effort was ultimately postponed to after the adoption of the Housing Element in 2012. In 2013, the city hired the firm of Economic and Planning Systems to complete Fiscal Impact Analysis. Since adoption of the General Plan and Housing Element and related land use designations predated the study, the goal of the analysis was to evaluate the fiscal impacts to the General Fund of the city's projected growth at build out Build out has long been projected to occur somewhere between 2025 and 2030. The analysis also aims to ensure the new growth does not result in adverse effects on the General Fund and that the current high quality of life that residents enjoy can be maintained at build out The analysis provides a quantitative look at the fiscal impacts on the General Fund and concludes that the proposed land use mix identified in the General Plan.and Housing Element supports the city's effort to sustain and enhance service levels to the community throughout this period. She noted that the study excludes the impacts of the East Pleasanton Specific Plan area which will come forward to the Council at a later date. Jim Musbach, Economic and Planning Systems, reviewed the key findings of the analysis. He noted that the bulk of the projected fiscal condition confronting the city in the future is already well established by existing development. The city currently enjoys a great deal of fiscal health, which is expected to continue through the remainder of development. The fiscal margin on new growth is projected to be approximately $4 million annually, with growth producing annual revenues of roughly $15.1 million and expenses of $11.1 million. While the results vary somewhat by land uses, with commercial and single family residential producing positive revenues and multi-family residential producing negative, the net result is still very positive. Fortunately the city is faced with a stage of growth that is heavy in infill and redevelopment,which tends to be more fiscally sound due to existing infrastructure and resources. The analysis also identified several fiscal mitigation measures which may be used by the city to help off set the impacts of some of the less fiscally sound uses. He stressed that while some land uses may not be as strong as others, it is critical to look at the city as a whole and remember that even those uses contribute to the overall value of the community. Michael Nimon, Economic and Planning Systems, discussed the economic and fiscal environment of the city. He noted that Pleasanton is relative affluent and well-educated community, with a population that is slightly older than is average. Historically, property and sales tax revenues comprise the majority City Council Minutes Page 12 of 15 February 4,2014