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CC Work Session 2. 1. <br />Meeting Date: 08/06/2018 <br />Information <br />Title: <br />Road Funding Communication Proposal <br />Purpose/Background: <br />Road funding options were last discussed at the June 12 Council work session. At previous work sessions, the City <br />Council reviewed draft scenarios of possible future debt for the next 10 years which included funding for roads, <br />capital equipment and a public works campus. Staff also presented the net debt impact if road related debt was <br />removed and other funding was identified. The Council adoprted a public improvement assessment policy in 2014, <br />and has constructed several projects using this method. The accumlation of general obligation debt, using the <br />assessment method to reconstruct all City roads in the future, is one of the issues that needs to be addressed. <br />The Council concensus was to develop a revised plan for community engagement that will comprehensively <br />address the road funding issue. <br />Attached is a revised proposal from WSB Engineering to do a review of financing options and a citizen <br />engagement procees over an 8-month period to identify the best funding options. This period of time would allow <br />for a thorough discussion of the issue among all stakeholders as layed out in the attached plan. The plan is divided <br />into three phases, for a total cost of $35,000, plus printing and mailing expenses. Based upon Council feedback at <br />the last meeting, a provision that allows the city to terminate the program midway was added. <br />Also attached are several documents relative to the City's past discussions regarding alternative road funding in <br />2013-14, prior to the adoption of the current assessment policy. <br />Timeframe: <br />The project is proposed as an eight month project, to commence after formal council approval at the August 28 <br />meeting. <br />Funding Source: <br />Funding for the project would come from the city's Public Improvement Revolving (PIR) fund. <br />Responsible Party(ies): <br />The WSB project team leaders, Kirsten Gray and Jennifer Edison, will be at the meeting answer any questions. <br />Outcome: <br />Review proposal and get questions answered prior to the item being scheduled for final approval at the next <br />meeting. <br />WSB Proposal <br />Elk River Franchise Fees <br />RR Special Edition Oct 2013 <br />Funding Options Pros and Cons <br />Attachments <br />