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Mayor Strommen stated that this is a good example of how taxes will increase if the roads <br /> continue to be financed in this method and that is why franchise fees look like a great <br /> opportunity. She stated that some people in the last discussion were perhaps choosing an option <br /> that does not exist. She noted that the taxes continue to rise, or franchise fees become the <br /> method to finance roads. <br /> Councilmember LeTourneau noted that another option for residents to consider would be cutting <br /> City services. <br /> Mayor Strommen noted that they would need to be big ticket items, such as public works or <br /> police and they would be big cuts that the City and residents would feel. <br /> Finance Director Lund provided some additional details on internal loans and methods for <br /> funding certain capital expenses that could reduce the impact on the levy. <br /> Councilmember LeTourneau stated that.he likes the idea of borrowing from different internal <br /> funds, as those are taxpayer dollars that have been collected already. He asked if that would put <br /> pressure on the City's bond rating. <br /> Finance Director Lund provided details on the bond rating of the City. She stated that the rating <br /> looks at the amount of debt itself and not whether it is internal or external. <br /> Councilmember Riley referenced the MSA funds which will become available in 2019/2021, <br /> which could provide assistance. He noted that this is a great first step and noted that he would <br /> like to see this model with a franchise fee. He stated that perhaps more work needs to be done <br /> on the trail costs as well. <br /> Mayor Strommen confirmed that this item will come back to the Council in conjunction with the <br /> previous discussion. She noted that this is a good place to start this discussion in advance of the <br /> budget discussions. <br /> 3. TOPICS FOR FUTURE DISCUSSION <br /> 3.01: Review Future Topics/Calendar <br /> Noted. <br /> 4. MAYOR/COUNCIL /STAFF INPUT <br /> None. <br /> 5. ADJOURNMENT <br /> The Work Session of the City Council was adjourned at 6:58 p.m. <br /> Respectfully submitted, <br /> City Council Work Session/March 27,2018 <br /> Page 6 of 7 <br />