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Key Outcome Indicators /Metrics <br />• Retained bond rating of AA+ <br />• Recouped at least 100 <br />percent of City's net costs <br />• Implemented new revenue <br />sources <br />• Return 10 percent of TIF 14 <br />taxable value to general tax <br />base <br />• Completed infrastructure <br />improvements in TIF districts <br />Aved <br />alglsuodsaa <br />RS <br />RS <br />ffl <br />Diana Lund <br />Leadership <br />Team <br />Diana <br />Lund /ED <br />Bruce <br />Westby /ED <br />Additional <br />Tools <br />Required <br />o <br />aUON <br />auoN <br />auoN <br />Additional <br />Resources <br />Required <br />o <br />auoN <br />auoN <br />bL JIl <br />000'8$ <br />auoN <br />alea <br />uol ;aldwoD <br />co <br />co <br />E L OZ /L <br />bLOZ <br />8/2013 <br />8602 <br />Initiation <br />Date <br />6/2013 <br />COY <br />E LOZ /9 <br />Tactics <br />Determine adequate balances <br />Develop policy that outlines fund <br />balance minimums per fund <br />Examine sufficient balance of <br />overall rainy day funds to avoid <br />the need to borrow <br />Calculate square footage cost <br />basis for The COR <br />Evaluate other revenue <br />generating sources: franchise <br />fees, increased permit fees, etc. <br />Conduct a comprehensive study <br />to determine correct size of TIF <br />14 <br />Identify needed infrastructure <br />improvements in TIF districts <br />Prioritize needs and establish <br />timeline for completion of <br />improvements <br />Department <br />Finance <br />Finance <br />City <br />Administration/ <br />Department <br />Heads <br />Finance /ED <br />Engineering /ED <br />Strategic Initiative <br />Ensuring financial <br />stability <br />Optimizing TIF to <br />support infrastructure <br />improvements <br />z <br />CT cncn E <br />cncn <br />to c <br />O <br />U <br />a) <br />U_ <br />0) <br />a) <br />7 <br />(1) <br />u X <br />c w <br />Scenario: 2013 Budget Status Quo (Working Document) <br />Three-Year Strategic Action Plan <br />