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Home My WebLink About03/19/2025 - Economic Advisory Board - AGENDA - Regular Meeting Economic Advisory Board REGULAR MEETING March 19, 2025, 4:00 p.m. - 6:00 p.m. HYBRID MEETING OPTIONS Physical Location: 215 Laporte Ave EOC Training Space. Virtual option via Microsoft Teams: https://www.fcgov.com/eab-meeting 1. CALL TO ORDER 2. ROLL CALL 3. AGENDA REVIEW 4. CITIZEN PARTICIPATION 5. APPROVAL OF MINUTES 6. NEW BUSINESS a. Presentation and Discussion – City of Fort Collins Quarter Cent Sales Tax Renewal 7. UNFINISHED BUSINESS 8. BOARD MEMBER REPORTS 9. OTHER BUSINESS a. Vice Chair Nominations b. Recognition of departing board members 10. ADJOURNMENT 3/19/2025 – AGENDA 1/15/2025– MINUTES Economic Advisory Board REGULAR MEETING Wednesday, January 15, 2025 – 4:00 PM 215 N Mason, EOC 1. CALL TO ORDER: 6:00 PM 2. ROLL CALL a. Board Members Present – • Tim Cochran • Denny Coleman • Chris Denton • Thierry Dossou • Erin Gray (remote) • Val Kailburn • Braulio Rojas • Richard Waal (remote) b. Board Members Absent – • Renee Walkup c. Staff Members Present – • Tyler Menzales, Sr. Manager Economic Health Office • Erin Sporer, Business Support III, Economic Health Office • Brian Tholl, Energy Services Supervisor, Utilities d. Guest(s) – • Brad Kerkemeier 3. AGENDA REVIEW 4. CITIZEN PARTICIPATION a. Brad Kerkemeier joined the meeting to listen as he has applied to become an Economic Advisory Board member. He introduced himself. 5. APPROVAL OF MINUTES a. Braulio motioned and Val seconded to approve the November minutes. Motion carried with one abstaining. 7-0-1 b. Braulio motioned and Val seconded to approve the December minutes. Motion carried unanimously. 8-0. 6. UNFINISHED BUSINESS 1/15/2025– MINUTES None. 7. NEW BUSINESS a. Presentation and Discussion – Building Performance Standards Brian Tholl, Utilities Energy Services Supervisor, stated staff recently presented at a third Council work session on the Building Performance Standards (BPS) Policy Framework and discussed community concerns related to inequitable economic impacts across different building types, the accuracy of the projected impacts on all properties, and concerns building owners do not have the resources needed to comply. Tholl outlined recommended implementation levers, including adjustments, specialized resources for market segments, educational support, technical support, and a financial navigator. Possible policy levers include extended community deadlines, having municipal efforts lead the way, adjusting the target cap, and excluding small buildings of certain property types. Tholl stated there were no substantial deviations from the proposed plan suggested by Council and there was some reiteration around sticking to the timeline and providing more economic information. Waal asked if the pilot program has already been launched or whether it is still in development. Tholl replied an incentive program has been in place for a number of years; however, the pilot program for BPS has been developed and scoped with a vendor, but remains in development. Waal noted some of the modeled costs will change drastically depending on tariffs put in place with the new administration. Additionally, the availability of rebate dollars may fluctuate. Tholl stated staff is anticipating the pilot program will last six months and there will hopefully be clear expectations about what exactly can be done in that short timeframe. A Board Member asked if there have been any regulations that have directly impacted a company either staying in Fort Collins or not locating here. Menzales replied that data has not been collected in a consistent manner, but knowing BPS is coming forward, additional details could possibly be tracked. Members discussed the best way to determine the average result of BPS efforts across the pilot program by utilizing a random sample of buildings and businesses. Staff stated it was recommended that at least one or two of the five pilot buildings be City buildings as the average projected implementation cost for City buildings is almost double that of non-City buildings, and Council wanted to have additional information on that aspect. Members discussed the cost of implementing the program and questioned whether additional staff will be needed. Additionally, Braulio motioned and Chris seconded writing a communication to Energy Services outlining their 1/15/2025– MINUTES recommendations and questions, including Denver’s experience with BPS. Motioned passed unanimously. 8-0. Braulio will write the draft and bring it back to the Board. (**Secretary’s Note: The Board took a brief recess at this point in the meeting.) 8. BOARD MEMBER REPORTS  New student apartment development at Panino’s location – discussion around business development and businesses that will be impacted by the development. 9. STAFF REPORTS 10. OTHER BUSINESS  Need for a presentation from the Economic Health Office regarding marketing of the area – interest in demand side. Potential for monthly staff report and/or dashboard regarding requests for information and strategic planning initiatives.  There are existing metrics within the City organization that could be valuable. 11. ADJOURNMENT a. 5:27 PM Minutes approved by the Chair and a vote of the Board/Commission on XX/XX/XX Headline Copy Goes Here Community Capital Improvement Program ¼-cent Tax Renewals Community Outreach Headline Copy Goes HereHistory of Dedicated Taxes 2 Tax Rate History 2.25% Base on-going rate from 1984- 2021 2.85% Base rate starting in 2021 with the addition of .60 increase from Keep Fort Collins Great 3.00% Total rate from 1994-2016 3.85% Total rate from 2016-2024 4.35% Headline Copy Goes Here 3 Tax Renewals Over Time Long-term Look at Possible Tax Renewals MULTIPLE ASSUMPTIONS 20502045204020352030202520202015 Open Space Yes (25 yr.) | 2006 - 2030 KFCG (10 yr.) | 2011 - 2020 KFCG.25 (10 yr.) | 2021 - 2030 Assume KFCG (10 yr.) | 2031 - 2040 Street Maintenance (10 yr.) | 2016 - 2025 Street Maintenance (20 yr.) | 2026 - 2045 Community Capital Improvement (10 yr.) | 2016 - 2025 Assume Capital Renewal (10 yr.) | 2026 - 2035 Assume Capital Renewal (10 yr.) | 2036 - 2045 2050 Tax Parks, Climate, Transit (26 yr.) | 2024 - 2050 Open Space Yes (25 yr.) 2030 – 2055? Headline Copy Goes Here 4 Capital Tax – Lessons Learned Helpful to… -Advance projects from Master Plans that have been informed by community input. -Ensure items put forth represent community desires and priorities across broad geography, types of services, and personal passions. -Utilize community engagement to help prioritize projects and programming. Have learned to… -Adjust for inflation and add on years of operation and maintenance. -Balance flexibility and specificity to ensure voters get what the ballot promised while allowing flexibility to take advantage of unforeseen opportunities (grants, development, etc.) -Avoid singular projects that would absorb a majority of the funding. -Solidify a plan far enough in advance of referral to ensure adequate budgeting analysis and community awareness. The last two measures passed with 80% voter approval Headline Copy Goes Here EPIC, Natural Areas, & Choices 95Project RECAPDesigning Tomorrow Today Capital Quarter-Cent History 5 1973-1980 •Lincoln Center •Mulberry Pool •Fire Station #4 •City Hall Building •Main Library •Parks Acquisition •Sewer to Andersonville/Alta Vista •Street Improvements 1985-1997 •Choices 95 •Senior Center •Eastside Neighborhood Park •Southwest Community Park Land Acquisition •Indoor Pool Renovations •Fire Station #10 Land Acquisition 1984-1989 •Major Street Improvements •Sidewalk Pedestrian Access Ramps •Indoor Pool Renovations •Open Space and Trails Acquisitions & Construction •Bikeways on College, Timberline, and Horsetooth •PFA Equipment Replacement & Land Acquisition Headline Copy Goes Here Building on BasicsBuilding Community Choice Capital Quarter-Cent History 6 1997-2005 •Police Building Land •EPIC Second Ice Sheet •Northside Aztlan Community Center •Pavement Management Program •Gardens on Spring Creek •Fossil Creek Community Park 2016-2025 •Poudre River Whitewater Park •Willow Street Improvements •Carnegie Building Renovation •Nature in the City Projects •Lincoln Avenue Bridge •Gardens on Spring Creek Visitor's Center Expansion •Affordable Housing Fund 2006-2015 •Fort Collins Museum of Discovery •Senior Center Expansion •Bicycle Program Plan Implementation •North College Avenue Improvements •Pedestrian Plan and ADA Improvements CCIP Headline Copy Goes Here 7 Renewal Timeline 2024 Q1 2025 Q2-Q3 2025 Q4-2025 ›November ballot›Begin Public Outreach and Engagement ›Refinement of all projects and Programs Council Touchpoints: ›March CFC ›Start to finalize total package ›Continue outreach Council touchpoints: ›May 27, work session ›July 8, work session ›July 15 or August 19 Ballot referral ›Begin package Development ›February Work Session ›March CFC ›April Work Session ›July CFC ›October CFC ›November Work Session Headline Copy Goes Here 8 Capital Tax – Successful Project Package Asset Management & Master Plans Council Priorities Community Appeal Headline Copy Goes Here Headline Copy Goes Here 10 Totals & Summary ¼ Cent Tax Revenue •$11M annual revenue (2024) •$110M total revenue 2026-2035 Proposed Projects •$166M total project proposals to-date (2024) Chart includes all proposed projects ($166M) Culture 7% Parks & Recreation 19% Housing 7% Transit 13% Roadway/ Engineering 18% Active Modes 27% Zero Waste Infrastructure 3% Nature & River 6% Headline Copy Goes Here 11 Comprehensive Project List Parks & Recreation •Bike Park (Early Phase) •Dog Parks •Downtown Parks Shop •Lee Martinez Farm Renovation •Recreation Replacement for Mulberry Pool •Pickleball Courts Active Modes •Bike Infrastructure and Overpass/ Underpasses •Pedestrian Sidewalk Program •Strategic Trails Implementation Zero Waste Infrastructure •Timberline Recycling Center Improvements •Construction Waste Diversion Equipment Housing •Affordable Housing Fund Culture •Children’s Garden and Event Infrastructure •Downtown Trolley Building Renovation Transit •Transfort Bus Stop Upgrades and Bus Replacement Nature & River •Poudre River Health & Accessibility •Nature in the City Mobility/Safety •Arterial Intersection Improvement Program •Jefferson Street (College-Linden) •Jefferson Street (Linden-Mountain) •Willow Street Streetscape Headline Copy Goes HereOngoing Capital Programs-Transportation/Engineering 12 Arterial Intersection Improvement Program $18M • Shields and Prospect Intersection Improvements • Shields and Horsetooth Intersection Improvements • Drake and Lemay Intersection Improvements • College and Drake Intersection Improvements • Shields, Taft Hill, and N. Timberline Corridors • At least one streetscape program Bicycle Infrastructure & Overpass/Underpass Program $20M •Numerous bike lane and safe route to School projects •Potential grade separated crossings: •Power Trail connection to Caribou Drive •Power Trail connection to Nancy Gray Drive •Linden Street and Poudre River Trail Headline Copy Goes Here 13 Pedestrian Sidewalk Program: $16M •Funding for construction of missing and ADA deficient sidewalks. •Provides approximately 1.5 to 2 miles of new sidewalk per year. •Priority is given to areas near schools to advance the Safe Routes to School Program. Transfort Bus Stop Upgrades and Bus Replacement: $6M •Approximately 150 bus stops will need replacement and updated amenities over the next 10 years. •At least 30 buses, including eight articulated MAX buses, reach •the end of useful life in the next 10 years. The previous 10-year capital tax funded $3M towards Transfort’s local match to leverage $12M in federal funds. Strategic Trails Implementation: $10M •Paved trails cost approximately $1 million per linear mile to build. •Additional annual funding through the capital tax will leverage Conservation Trust Funds and expedite trail implementation. Ongoing Capital Programs-Transportation/Engineering Headline Copy Goes HereHousing 14 Affordable Housing Fund $10M •Revolving Loan fund start-up •Bonding against the fund to create $7.5M in available funds Headline Copy Goes HereParks & Recreation 15 Recreation Replacement of Mulberry Pool $10M Dog Parks $2.5M Pickleball Courts $4M Bike Park (Early Phase) $5M Lee Martinez Farm Renovation and Facility Expansion: $1M Downtown Parks Shop: $7.9M Headline Copy Goes HereCultural Amenities 16 Children’s Garden and Event Infrastructure Upgrades: $5.5M •A comprehensive renovation will rejuvenate the space to better align with current learning theory, and to address drainage and maintenance issues. Downtown Trolley Building $6.8M o Building has been identified in the Downtown Masterplan as asset for community centered use o Currently houses object artifact collection and other storage Headline Copy Goes Here 17 Nature and Environment River/Accessibility Projects $8M •Looking at Lee Martinez and Legacy Park area to College •Focus on access for neighborhoods north of the river and river health – expanded scope to include Hickory Trail and Soft Gold Park Timberline Recycling Center Improvements $2.2M •ADA accessibility through ramps and walkways. •Expanded access to recycling bins to meet demand. Construction Waste Diversion Equipment Replacement: $2.2M •Five pieces of heavy machinery that support the Crushing and Recycling Facility. •In 2023, this facility processed approximately 138,000 tons of concrete and asphalt for reuse and diverting this material from the landfill. Nature in the City (NIC): $3M •City-led projects replace existing, resource-intensive and low habitat value landscapes with more diverse and efficient landscapes. •Community-led projects support efforts to extend naturalized landscapes throughout the community. Headline Copy Goes HereNext Steps 18 •Continue to refine projects and programs •Public outreach & engagement •Finalize package •Refer to 2025 ballot Headline Copy Goes Here 19 Draft Project Package – March 2025 Project Name 10-Year Total (2024$) Arterial Intersection Improvement & Streetscapes Program 12,000 Bicycle Infrastructure & Overpass/Underpass Program 11,000 Pedestrian Sidewalk Program 14,000 Recreational Paved Trails Program 2,500 Transfort Bus Replacement & Stop Enhancements 3,000 Affordable Housing Capital Fund 10,000 Community Bike Park 5,000 Downtown Park Shop 7,900 Lee Martinez Farm Renovation & Expansion 1,000 Mulberry Pool Replacement and Expansion 10,000 Pickleball Complex & Courts 4,000 Gardens on Spring Creek -Garden & Infrastructure 1,300 Historic Trolley Building Renovation 6,800 Downtown River - Legacy Park to River's Edge Natrual Area 8,000 Nature in the City 3,000 Timberline Recycling Center Improvements 2,198 Total $ 101,698 Unfunded Projects Construction Waste Diversion Equipment 2,204 Dog Parks 2,450 Public Transit Major Capital 16,000 Total $ 20,654.00 Headline Copy Goes Here Headline Copy Goes Here Headline Copy Goes Here 22 Which capital projects would have the GREATEST community impact? (Select three) ⓘ Start presenting to display the poll results on this slide. Headline Copy Goes Here 23 Which capital projects would have the LEAST community impact? (Select three) ⓘ Start presenting to display the poll results on this slide. Headline Copy Goes Here 24 Which proposed name of the tax will best resonate with the public? ⓘ Start presenting to display the poll results on this slide. Headline Copy Goes Here Headline Copy Goes Here Headline Copy Goes Here 27 Community Capital Improvement Program 2016-2025 (~$75M) •Arterial Intersection Improvements $6.0 M •Bicycle Infrastructure Improvements $5.0 M •Bike/Ped Grade Separated Crossing Fund $6.0 M •Bus Stop Improvements $1.0 M •Pedestrian Sidewalk / ADA-Compliance $14.0 M •Transfort Bus Fleet Replacement $2.0 M •Lincoln Ave. Bridge $5.3 M •Linden St. Renovation $3.0 M •SE Community Center w. Pool $14.0 M •Gardens on Spring Creek Visitor's Center $2.0 M •Willow Street Improvements $3.5 M •Carnegie Bldg. Renovation $1.0 M •Club Tico Renovation $250k •Downtown Poudre River Enhancements Whitewater Park $4.0 M •Affordable Housing Fund $4.0 M •Nature in the City $3.0 M