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LT SMP Costs & Funding Options <br />Funding Option Pros and Cons - <br />• Based on the pros and cons, franchise fees provide the greatest <br />benefit with the least down -side due to their: <br />• Ability to provide a constant, dependable and renewable <br />funding stream <br />• Transparency which allows taxpayers to understand exactly <br />what they are paying and what it is being used for. <br />• Ability to be collected from property renters as well as owners <br />• Ability to be collected from properties regardless of tax status <br />• Ease of implementation <br />City of I <br />RAMSEY <br />August 27, 2013 CC Workshop <br />1 <br />