Staff budgets conservative $400,000 from Lost Creek developer fees; says project could generate up to $1M

Susan, a city staff member, briefed commissioners on developer-requested engineering and accounting fees and explained that while staff had budgeted for Cubby Ranch earlier, Lost Creek was not originally included because the project was deferred pending interdepartmental coordination. She said staff now has the necessary agreements and "the fees could generate up to a million dollars, but given we don't know the final numbers and the timeline, I put in 400 'cuz I think that's reasonable and conservative."

Staff characterized the $400,000 figure as conservative because final fee schedules and phases remain to be settled; commissioners did not object to including the conservative estimate in the preliminary budget, and staff will continue to update revenue estimates as agreements finalize.