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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/12/2022 - SUSTAINABLE FUNDING PLANDATE: STAFF: April 12, 2022 Jennifer Poznanovic, Project and Revenue Manager WORK SESSION ITEM City Council SUBJECT FOR DISCUSSION Sustainable Funding Plan. EXECUTIVE SUMMARY The purpose of this work session is to discuss specific identified funding needs as a first step in determining potential revenue sources. Four specific funding needs have been identified through masterplans and Council and commun ity priorities. These include parks and recreation, transit, housing and climate plans. Identified annual shortfalls range from six to ten million per need. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. What questions does Council have on the identified funding needs? 2. What questions does Council have on process? 3. Does Council agree with proposed next steps? BACKGROUND / DISCUSSION Over the past 2-3 years, masterplan developments and updates have identified clear funding need s in the areas of parks and recreation, transit, and housing. Along with these needs and knowing the criticality of the City climate action goals, Council Finance Committee has asked for climate revenue needs to be included in revenue conversations as well. Annual shortfalls range from six to twelve million dollars per area. The Parks and Recreation area and the Transit area have long -term plans that highlight specific operational goals and a focus on asset management. New parks have dedicated funding through capital expansion fees to be designed and built, however the maintenance and future updates are currently reliant on general fund dollars which are unable to meet the needs. This has resulted in much deferred maintenance and a lack of infrastructure updates to keep pace with community desires and trends. Currently, 25 percent of transit dollars come from the general fund. While transit is an area that is by nature subsidized, continuing this model locally creates limitations on transit and a constrai nt to general fund dollars. Affordable and attainable housing is a Council and a community priority. The City has a goal of reaching 10% housing stock as affordable by 2040 (currently at 5%). It is recognized that working towards, or achieving, this goal will require multiple funding strategies both local, private, non-profit, and federal and that the City piece of this funding is limited without additional or dedicated revenue. The Our Climate Future comprehensive plan and identified “Big Moves” have ou tlined tactics to help achieve the 2030 climate action goals. Implementing and accelerating these actions would require approximately six million dollars annually. B.2 Packet Pg. 43 April 12, 2022 Page 2 Staff is working to develop workplan and process to discuss and address revenue needs. Thi s plan will include on-going Council Finance meetings, work sessions with the full Council, community engagement, and ultimate implementation. The following bullets highlight workplan considerations: • Clearly define and articulate revenue needs and leve l of service considerations • Thoroughly research funding options including impacts and the context of existing and potential new tax measures (local and regionally) • Recognize and work within the desire to keep overall tax burden as low as possible • Consideration of existing dedicated tax renewals and associated election timelines PARKS AND RECREATION The Parks and Recreation Master Plan was adopted on January 19, 2021, and incorporated a year of extensive staff, community, and stakeholder participation. The funding section of the plan features a primary goal to enhance the financial sustainability of Parks and Recreation. While existing operations and maintenance budgets are close to what is needed, there are no dedicated funding sources for capital in vestment. The funding gap identified by the consultant is captured in the table below: Existing Funding ($M) Operations & Maintenance Infrastructure Replacement Parks (Majority General Fund) $12.3 $0.5 Recreation (Program Revenue & General Fund) $11.3 Total $23.6 $0.5 Needed Funding ($M) Operations & Maintenance Infrastructure Replacement Parks $13.3 $8.7 Mini Parks $0.2 Plazas $0.1 Urban Parks Neighborhood Parks $2.5 Schoolside Parks $1.5 Community Parks $3.9 Special Use Parks $0.5 Recreation $11.3 $2.3 Planting Refresh $0.6 Total $24.6 $11.6 Funding Gap ($M) Operations & Maintenance Infrastructure Replacement Parks $1.0 $8.2 Recreation $0.0 $2.3 Planting Refresh $0.6 Total $1.0 $11.1 • Operations and Maintenance (O&M) - the daily tasks needed to keep parks and recreation facilities running and minor repairs to capital assets to keep them in a good state of repair. This includes regular care like water management/repair, turf care, trash and litter, playground inspections and minor upkeep. Currently, funding for these types of activities is close to the full need, with just $1M of annual gap identified in the recent master plan. B.2 Packet Pg. 44 April 12, 2022 Page 3 o O&M for parks is currently funded by the general fund as part of ongoing park maintena nce offers submitted through the Budgeting for Outcomes process . o O&M for recreation is funded through program revenues and some general fund contributions. Fort Collins recreation department has a higher than typical cost recovery rate. • Infrastructure Replacement - includes critical maintenance projects or repair of existing assets -when regular maintenance can no longer keep them in a good state of repair-safety and ADA (Americans with Disabilities Act) improvements, and existing debt service obligations. Many of these types of improvements typically require one-time funding and are not likely to increase annual operations and maintenance costs. In many cases, these types of projects may reduce annual operations and maintenance costs. It may also inclu de strategic changes to existing parks or recreation facilities to address the unmet needs of the community, including adding features such as play fields, shade structures, adult fitness equipment, covered picnic shelters, and trail loops to extend recreation opportunities. These types of improvements typically require one- time funding and may trigger slight increases in annual operations and maintenance costs, depending on the nature of the improvements. Funding for these activities has a significant gap. The Parks and Recreation master plan identified primary goals of providing equitable access to parks and recreational experiences. By investing in ongoing infrastructure replacements, community members will experience a more consistent level of service across existing amenities, while the City minimizes costs associated with the need for a major refresh. B.2 Packet Pg. 45 April 12, 2022 Page 4 TRANSIT Transit Budget - Current State Amount: The 2019 operational budget for Transit was approx. $17.5M. Operational Budget Funding Sources Est. Amount Federal ~ $4.3M State ~ $200K CSU Contract ~ $2.1M Local Funding ~ $10.9M Total $17.5M • Local match funding sources include fares/fees, investment earnings, other intergovernmental reimbursements and other smaller miscellaneous revenue sources. • Estimates for future operation needs assume a 25% federal match. Capital Projects • Amounts for capital projects vary widely year over year. • The minimum federal match is 80/20 (grant/local). • Recent federal communication has indicated that future successful grant applicants will have higher local match amounts. • Estimates for future capital needs assume a 50% federal match. • Total anticipated expenditure for the Transit Master Plan (TMP) is $270M - $308M. At 50% grant match, this results in an additional local match need of $135M - $154M or $7.7M annually over twenty years. Estimation of Funding Need - What is the gap? Staff estimates the gap between current funding levels and the annual funding need to average $7.7M annually in capital project needs over the next twenty years. At the conclusion of twenty years, an additional annual need of $9.8M for operations and maintenance is anticipated. Assuming an average need of approximately $9.8M over the next twenty years, allows for the anticipated total capital expenditure of approximately $154M in local funds and a corresponding incremental increase to the additional operational need of $9.8M annually. Type Assumed federal support Timeline Est. local new funding need Type Capital 50% Over 20 years $7.7 million annually One-time Investment Operational 25% Slow build to 20-year total $9.8 million annually in 20 years Ongoing investment What would the revenue be used for? Capital Projects & Fleet Improvements to construct 3-4 Bus Rapid Transit (BRT) routes, build electrification charging infrastructure, purchase electric busses, and build mobility hubs. Operations & Maintenance Expansion to provide double the annual service hours, operate high frequency routes, and operate new routes such as the 3-4 additional BRT routes. B.2 Packet Pg. 46 April 12, 2022 Page 5 HOUSING Affordable Housing Funding - Current State Source Est. Amount Affordable Housing Fund (AHF) $1,000,000 HOME (Federal) $725,000 CDBG (Federal) $750,000 Affordable Housing Capital Fund (AHCF/CCIP) $500,000 Total $2,975,000 Amount: $1.5-3 million in funding annually; recommendations from Housing and Human Services Funding Board with approval by Council. 2022 Revenue sources and amounts: • Funding history for AHF, CDBG and HOME: <https://www.fcgov.com/socialsustainability/funding> Funding guidelines: • Leverage funding alongside resources from tax credits, private investment, etc. at 1:10 or better. • Focus direct investment on the lowest income levels, higher priority to projects serving lower AMI (for example, permanent supportive housing for residents making 0-30% AMI) Estimation of Funding Need - What is the gap? The overall community funding need for affordable housing is far larger than the City could satisfy on its own; however, the City’s contribution plays a critical role. One unit of housing costs about $330,000 to build, and one typical affordable housing project of 80-100 units can cost $25-30 million or more. To build 282 units per year (the City’s production target), the total cost is over $93 million each year. Historically, the City’s role has been to fill funding gaps and leverage other funding sources to help projects “cross the finish line.” The City’s current ability to support projects is limited by the small amount of funding allocate d to affordable housing. In addition, the City currently has very small dedicated funding source (CCIP allocation, expiring in 2025) for other important housing initiatives like the Land Bank and fee credit programs. From 2015-2020, the average City subsidy for affordable housing projects was $39,000 per unit. This is a helpful metric for estimating the gap between current funding levels and funding need, assuming that $39,000 in City investment will continue to yield one unit of affordable housing. Using this assumption, staff estimates the City funding gap to be $8-9.5 million annually. Accounting for the expiration of the CCIP tax in 2025 ($500k) increases this gap to $8.5-10 million annually in additional revenue needed, or $10-11.5 million total annual funding. Current City funding levels (low/high) Expected affordable production with current City funding (current funding/$39,000) Gap (282 units per year - expected production) Est. funding need from City (gap x $39,000) $1.5 million 38 units 244 $9.5 million $3 million 77 units 205 $8 million The City is also about 700 units behind in affordable housing production from 2015 -2020. This calculates to approximately $27 million in deferred funding . What would the revenue be used for? • Expanding the current Competitive Process to better support projects seeking to: acquire land, develop housing, preserve existing housing, and support residents. B.2 Packet Pg. 47 April 12, 2022 Page 6 • Expanding or initiating additional City-led efforts such as: acquiring land bank properties, extending affordability restrictions, expanding eligibility for fee credits, developing incentive programs (energy efficiency, affordable housing preservation, etc.), and other innovative approaches (middle income, mixed income, etc.). CLIMATE The Fort Collins community and its elected leaders have long put a high priority on being a regional, national, and global leader in fighting climate change. From the City's first Climate Action Plan through to the adoption of the Our Climate Future (OCF) plan last year, Fort Collins continues to be a municipality on the leading edge of local climate action. Our Climate Future implementation intensifies our community efforts to achieve three primary environmental goals: • Reduce 2030 greenhouse gas emissions by 80% below 2005 baseline levels; • Provide 100% renewable electricity by 2030 with grid and local sources; and • Achieve zero waste, or 100% landfill diversion, by 2030. To reach and exceed the 2020 greenhouse gas (GHG) emissions goal, the focus was primarily on accel erating and scaling up ongoing efforts. To achieve the 2030 goals for GHG reductions, renewable electricity, and zero waste fundamental transformation must be undertaken to engage new partners and resources. In short, we cannot achieve these goals with only the City as the primary driver of initiatives. OCF is a framework that envisions new models of community partnership and leadership to help scale action and resources so all can benefit from the vision of a sustainable Fort Collins. Historical analysis of investment needs for climate efforts have focused primarily on mitigation, or the reduction in emissions that are included in the annual community carbon inventory. Moving forward, Fort Collins is evolving to expand this focus to include resilience (aka climate adaptation) and equity (aka environmental justice), which are more difficult to quantify yet equally as important for the long-term success of our efforts. Our Climate Future recognizes the nexus between these intersecting parts of the system. H ousing is a good example of the mitigation-resilience-equity nexus between: • Climate mitigation (high housing costs increase commuting and transportation emissions); • Climate equity (BIPOC and low-income communities are disproportionately impacted by rising housing costs); and • Climate resilience (stable, efficient housing positively contributes to one’s ability to respond and recover from a disruptive event). To meaningfully address one element of this nexus, all must be considered. Thus, the OCF path ways and funding needs described below are inclusive of all three. Defined Pathways to Fort Collins Our Climate Future Goals The commitment of the community in achieving climate goals has resulted in effective ongoing programs, services and initiatives by City departments and partner agencies reflected in a 2020 emissions reductions goal showing a 24.5% reduction compared to 2005 levels. Positive results can be traced to dedicated resources and defined pathways: • Platte River Power Authority has added significant wind and solar resources to the electricity portfolio to reach an over 50% non-fossil electricity mix and a plan showing a pathway to 90% non-carbon by 2030. • Utilities Energy Services customer facing programs are resourced at over $4.5M an nually. Another over $2M provides for solar energy purchased from local systems. In addition, Platte River’s budget provides funding for B.2 Packet Pg. 48 April 12, 2022 Page 7 efficiency programs. Together these funds put Fort Collins at the leading edge of resources for supporting customers to manage their electricity use. • The Community Recycling Ordinance, effective since June 30 2021, significantly increases waste diversion by including required recycling service for all multi-family and businesses, seasonal yard trimmings collection, and grocer composting. Continued funding and implementation of existing and emerging efforts through the City’s Budgeting For Outcomes (BFO) process are considered an essential baseline for the following discussion of potential new funding mechanisms. Undefined Pathways to Accelerate Our Climate Future Progress To identify gaps in resources and funding that will be needed to continue significant and lasting progress, staff considered the following: • Much of the incremental changes needed can be addressed through BFO. Substantial new funding will be needed to jump start strategies for medium to long-term infrastructure changes and large-scale investments. • Though climate action can be viewed separately from Housing Affordability, Parks & Recreation, and Transit, each of these areas work in concert with climate action and are reflected in the Our Climate Future plan. • Our Climate Future articulates commitments across climate resilience, equity, and emissions reduction, the nexus of which requires substantial funding and new partnerships and shared leadership. A forecast of the community climate inventory in 2030 identified natural gas use, petroleum for vehicles and organic waste as the three areas where new pathways and funding will be needed to rapid ly advance towards the 2030 milestone year. Based on these factors, staff recommends that any new climate revenue discussions focus on the following specific areas (see Table below): • Community-scale solid waste infrastructure (e.g., regional compost facility.) is needed to make real progress on the road to our zero-waste goal. Although there are strong partnerships and agreements in this area, infrastructure has been slow to break ground and new funding sources could help. • Natural gas use reductions and the long-term initiative to electrify building space and water heating is key. Annualized funding values in the table below are based upon costs from the OCF analysis (March 2021) and rough estimates for infrastructure needs and the portion covered by an incentive model. o Requirements-based initiatives such as building performance standards, rental licensing and real estate listing requirements are relatively low-cost to the City and can provide significant emission reductions. o Initiatives to electrify building space and water heating will require very significant investment. While traditional utility incentives can play a small role, there are not sufficient system benefits to pay for the necessary investment. Tens of thousands of homes will r equire upgrades to electrical panels and utility service wires. • Ground travel emissions reductions will require reduced driving of gasoline and diesel vehicles through transit, land use and transition of the community fleet of vehicles to electric. Ann ualized funding values in the table below are based upon costs from the OCF analysis (March 2021) and rough estimates for infrastructure needs and the portion covered by an incentive model. o The transition to electric vehicles will require efforts to expand charging infrastructure. B.2 Packet Pg. 49 April 12, 2022 Page 8 o Reduction of ground travel emissions can also be achieved through expansion of the city’s bicycle and pedestrian network, in conjunction with increased and expanded transit services. • Climate resilience initiatives seek to respond to the way climate change is already being experienced in Fort Collins. Adapting to these environmental changes will be an important and necessary part of climate action. Local investments can range from updated preparedness plans to building com munity resilience hubs to strengthening personal, community, and regional networks. Climate equity work and community partnerships are critical to successfully transform our systems to be carbon neutral, renewable, and zero waste. One example of an investment that could be made with new climate revenue is to subsidize residential energy efficiency programs for low-to-moderate-income residents. Our Climate Future Outcome Defined pathway Annualized long-term need MITIGATION Universal composting Larimer County+ (Regional Wasteshed) TBD Natural gas (buildings) City supported infrastructure to electrify homes $3.5M Ground travel (petroleum) City supported infrastructure for EV charging $2.6M RESILIENCE Climate resilience initiatives City and local partners TBD Example: Community Resilience Hubs City and local partners $0.5M ea. EQUITY Climate equity work and partnerships City and local partners TBD Example: residential efficiency for LMI homeowners and renters City and local partners $0.5M Proposed Next Steps The project team will meet on a regular schedule throughout 2022. Council touchpoints include regular updates at Council Finance and work sessions in 2022. A future work Session will be scheduled to discuss funding mechanisms. ATTACHMENTS 1. Park Operation & Maintenance Costs and Design Guidelines (PDF) 2. Powerpoint Presentation (PDF) B.2 Packet Pg. 50 Parks Department 413 South Bryan Avenue PO Box 580 Fort Collins, CO 80522 970.221.6660 970.221.6849 - fax fcgov.com/parks MEMORANDUM Date: March 30, 2022 To: Mayor and City Council From: Mike Calhoon, Director of Parks Kurt Friesen, Director of Park Planning and Development Thru: Kelly DiMartino, Interim City Manager Kyle Stannert, Deputy City Manager Seve Ghose, Community Services Director Re: Park Operation & Maintenance Costs and Design Guidelines The purpose of this memorandum is to prepare Council for the conversation about ongoing funding needs for various priorities, including parks and recreation funding, at the April 12 work session. Bottom Line Park operation & maintenance costs have increased over time due to several factors including price escalation/inflation, increased park usage, added amenities, and more inclusive design. Background The park system in Fort Collins is highly valued and heavily utilized as shown in results of the annual city survey- with 94% of respondents rating the quality of parks as very good or good and 97% indicating that they should be supported at the same or more effort as a budget priority. The system is comprised of over 50 parks and 45 miles of paved trails. Guided by the Parks & Recreation Plan, a distributed and interconnected system of parks has been realized throughout the city. In 2021, the Parks & Recreation Master Plan was updated with additional park classifications, design guidelines, level of service recommendations and goals, providing a road map for completion of the park system. The requests for amenities in parks are ever evolving and presents great opportunities as well as challenges. As park infrastructure has aged, there is an urgent need to address deficiencies throughout the park system. As part of this effort, it is important to realize the differences between Infrastructure Replacement and Operations & Maintenance. Operations & Maintenance Operations & Maintenance (O&M) includes year-round activities associated with keeping a site or amenity clean, safe, and functional for day-to-day use. ATTACHMENT 1 B.2.1 Packet Pg. 51 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) • Parks annual O&M costs are currently funded at ~$12M annually, this funding is largely sufficient to meet O&M needs, with an annual gap of $1.0M identified in the recent master plan. This gap could grow as new parks are built or if there is further price escalation/inflation. • Examples of activities associated with O&M include: o Water Management/Repair such as activating/winterizing systems, program controllers, manage water, repair pipes/heads/valves o Turf Care including mowing, prepping lines for play, dragging fields for even playability, inspect lighting, aeration, fertilization, equipment maintenance o General upkeep, such as graffiti removal, vandalism repair, litter removal, inspecting sites for damage, maintain signs, equipment maintenance, training staff o Snow removal from paved walkways and trails Park maintenance is conducted via a system of satellite maintenance shops in defined park districts. Efficiencies gained by this approach include reduced carbon footprint, faster delivery of services, staff empowerment and growth, and higher level of O&M services. O&M is currently funded through the general fund as part of ongoing park maintenance offers submitted through the Budgeting for Outcomes (BFO) process. Infrastructure Replacement Infrastructure Replacement is the removal and replacement of amenities in the parks system and bringing them up to today’s standards, i.e. playgrounds, irrigation systems, tennis courts, etc. when regular maintenance can no longer keep them in a state of good repair.. • Currently there are over 1,200 items valued at over $200 million in the inventory. Each item has a life span and when the time comes, it must be replaced. • Potential new funding mechanisms for the Infrastructure Replacement Program are currently being considered alongside other City funding needs. A sustainable funding source is required to address the equity issues that are seen throughout the system pertaining to old vs. new parks. • Examples of recent and ongoing Infrastructure Replacement projects include: o Playground replacement at Golden Meadows Park o Fossil Creek tennis court replacement o Addition of pickleball lines to Sugar Beet basketball court and Warren and Edora practice courts o Replacement of Library Park irrigation system B.2.1 Packet Pg. 52 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) The below table shows differences between O&M vs. Infrastructure Replacement activities: IRP Components (1,000+ assets) Operations & Maintenance Examples Infrastructure Repair & Replacement Examples (generally over $5k) Hardscapes Snow removal, power washing plazas, sweeping debris Repair sections of cracked walkways, bringing walkway slopes up to ADA standards, repaving parking lots Playgrounds Raking wood mulch (EWF) so that its even, picking up trash, safety inspections and minor repairs for normal wear and tear Replacing equipment, changing surfacing from sand to ADA compliant material (EWF or PIP) Fields Mowing, prepping lines for play, dragging fields for even playability, inspect lighting, aeration, fertilization, equipment maintenance Replacing fencing, lighting, scoreboards, full field renovations Courts Hanging wind screens, sweeping/power washing courts to remove debris, replacing nets Conversion of courts from asphalt to post- tension concrete, new striping on courts, surfacing repairs, new posts, new LED lighting Buildings Clean and stock buildings/restrooms, trash removal, picnic table maintenance, power washing shelters, activating/winterizing drinking fountains Minor renovations like roofing repairs and painting, major renovations like conversion of concession areas to satellite maintenance facility, full building replacements Structures Cleaning and stocking dog parks, activate/winterize/test interactive water features, weeding bike parks, replacing boards on pedestrian bridges, Pedestrian bridge replacements, fencing repairs, water feature renovations, bike park renovations, pedestrian lighting replacement Irrigation Activate/winterize systems, program controllers, manage water, repair pipes/heads/valves Full irrigation system renovation, replacement of water management equipment such as flow sensors, replacement of irrigation controllers Water Monitoring water deliveries, clearing ditches, weed and algae management, minor piping repairs, aeration equipment management Dredging, headgate replacements, large piping replacements, Trails Snow removal, sweeping/cleaning trails, repairs to fencing Replace sections of trails, replacement of fencing General Graffiti removal, vandalism repair, litter removal, inspecting sites for damage, Inspect asset inventory, prioritize repairs and replacements, project management work, B.2.1 Packet Pg. 53 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) maintain signs, equipment maintenance, training staff training and compliance with current standards, coordination preventative maintenance activities with Operations & Maintenance staff, handoff for long term maintenance Typically, park maintenance costs are characterized in cost/per acre. The size of a park has a direct impact on the cost per acre. The larger the park, the less it costs per acre to maintain, as most parks contain equitable amenities regardless of size. On average a community park costs approximately $9,000/acre to maintain annually, and a neighborhood park approximately $7,500/acre to maintain. The major drivers of the cost are: • Acreage- which drives costs of water management & repairs, turf care, and trash & recycling. Over ¾ of O&M costs scale with the size of a park. • Major Amenities- including whether or not the park has a playground or a bathroom. Maintenance of these features drives 15% of costs in a neighborhood park. • Quantity of Minor Amenities- such as sports fields, shelters, and botanical features. Maintenance of these features drives the remaining 10% of O&M costs. A summary of per acre Neighborhood Park O&M costs by year of park construction: Although the two most recent parks are significantly higher than most parks, their per acre cost is also influenced by their smaller acreage. A summary of per acre Neighborhood Park O&M costs by size of park highlights these two most recent parks as the two smallest: B.2.1 Packet Pg. 54 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) While direct comparisons of park maintenance costs are challenging due to varying definitions, overall when compared to other regional municipalities, the maintenance costs for the Fort Collins system appear to be in line with other park systems in the region. Design Guidelines Approved in 2021, the Parks and Recreation Plan provides a comprehensive vision for Fort Collins parks and is the primary guiding tool for determining new park locations and amenities. Key elements of the plan include: • 7 park classifications- formerly there were only 2 (p.115) • Design guidelines and typical amenities for each park classification (p.105) • Population and access-based standards (10-minute walk and 5-minute drive) for major park amenities (p.161) • 10 overarching goals that prioritize equity and inclusion, access to nature, and financial sustainability. (p.213) Linkage to Council priorities are highlighted in bold: 1. Provide equitable access to parks. 2. Provide equitable access to recreational experiences. 3. Expand the active transportation network to support access to parks and recreation. 4. Protect and enhance natural, historic and cultural resources in parks and increase related activities. 5. Enhance the financial sustainability of parks and recreation. 6. Strengthen partnerships to leverage resources for mutual benefit. 7. Ensure parks, paved trails and recreation facilities are operated and maintained efficiently and to defined standards. 8. Promote synergy between parks, recreation and economic health. 9. Improve marketing and communication to enhance operations and user satisfaction. 10. Elevate the design and connection to nature in parks and recreation facilities. B.2.1 Packet Pg. 55 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) Both the executive summary and the full master plan can be accessed online at: https://www.fcgov.com/parksandrecplan/ Design Strategies to Reduce Maintenance Costs New parks constructed over the last few years have incorporated many strategies to help reduce maintenance costs. These strategies include: • More advanced, higher efficiency irrigation systems, resulting in decreased water usage • Post-tensioned concrete slabs for courts, significantly increasing court lifespan • Large native seeded areas in parks, resulting in reduced irrigation demand after establishment • Wider walks for convenient parks maintenance vehicle access and snow removal • 2-year maintenance and establishment conducted by contractor, ensuring park is in good working order when Parks maintenance staff takes over. • Raw water usage significantly reduces irrigation costs over the life of the park • Crime Prevention through environmental design (CPTED) principles to allow for seamless access and safety • The following chart illustrates the composition of costs associated with Neighborhood Park maintenance over the last 4 years: The addition of native seeded areas in parks significantly reduces irrigation demand but does require more maintenance than turf grass during the establishment period (approximately 5 years), then maintenance efforts subside after the seed is established. A key recommendation of the Parks and Recreation Plan is to revisit many of the older parks and increase the native vegetation is those parks, resulting in increased biodiversity, wildlife habitat, pollinator value and an improved natural experience for park users. Park Benefits The benefits of parks are varied and difficult to measure but were obvious during the recent pandemic, as visitor usage increased significantly. Parks play an integral role in the health and well-being of the entire community offering a dose of “Vitamin N”- nature, as part of a holistic B.2.1 Packet Pg. 56 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) system of public spaces. Parks provide essential benefits, not just to residents, but also to the city’s environmental and economic well-being. Parks and Recreation contribute significantly to all of Fort Collins community priorities and all 7 outcome areas. Traditionally, parks have focused on children and sports users primarily, as evidenced by the design of many of the older parks in the city. Today, parks are designed to provide benefit to all, including those who regularly walk a loop trail, sit and quietly reflect, enjoy a family gathering, or connect with nature. In addition, parks must evolve to meet the changing needs of users. Hammocking, slacklining, pump tracks and pickleball are all examples of new and emerging uses in parks that were uncommon only a few years ago, but now are mainstream activities. Multiple studies reveal the importance of play in children’s lives, particularly in our media saturated society. Parks and playgrounds provide opportunities for children to safely take risks, expand their abilities and interact with other children from different backgrounds and cultures. Providing playgrounds that are challenging, unique and engaging is key to driving up park and playground participation and help keep children outside. The addition of natural play features also provides a wide variety of benefits. Fort Collins’ heritage is rich with many traditions. Parks provide a unique platform to celebrate and remember this legacy, such as the sugar beet workers (Sugar Beet Park) and the apple farmers (Twin Silo Park). Parks should be respites for escape and rejuvenation, but also respectfully acknowledge and remember those who have come before us to shape and build our community. In summary, parks contribute significantly to create a more resilient Fort Collins in many ways, including: • Reducing resource demands though decreased irrigation use • Improving safety through stormwater detention and flood mitigation strategies • Advancing environmental stewardship through enhanced wildlife habitat and improved water quality • Contributing to economic health by promoting a high quality of life for residents • Improving social equity by providing equal access to parks city wide Next Steps City staff will bring a conversation about ongoing funding needs for various priorities, including parks and recreation funding, for Council consideration at the April 12 work session. B.2.1 Packet Pg. 57 Attachment: Park Operation & Maintenance Costs and Design Guidelines (11415 : Sustainable Funding Plan) Sustainable Funding Plan 04-12-2022 Council Work Session ATTACHMENT 2 B.2.2 Packet Pg. 58 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 2Purpose Discuss specific identified funding needs 1.What questions does Council have on the identified funding needs? 2.What questions does Council have on process? 3.Does Council agree with proposed next steps? B.2.2 Packet Pg. 59 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 3Timeline December CFC January CFC March CFC April Council Work Session •Introduction to sustainable revenue topic •Deep-dive on staff identified needs (Parks & Rec, Transit & Housing) •First Work Session with the full Council •Funding mechanisms & early scenario planning Sustainable Revenue Conversations B.2.2 Packet Pg. 60 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) City Revenue §Sales Tax §Local Total: 3.85% §3 dedicated ¼-cent taxes: §Street Maintenance §Capital Improvement §Open Space §Keep Fort Collins Great §General ¼-cent §Property Ta x §Fees, Fines, Grants 4 B.2.2 Packet Pg. 61 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 5Governmental Revenue B.2.2 Packet Pg. 62 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 6Price of Government B.2.2 Packet Pg. 63 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 7Tax Rate History Expiring 12/31/2025: •¼ cent Street Maintenance •¼ cent CCIP 3.85% Current City Sales Tax rate 2.85% B.2.2 Packet Pg. 64 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 8 Colorado City Full Stack Sales Tax Rates 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 Boulder Denver Grand Junction Brighton Colorado Springs Castle Rock Fort Collins Golden Littleton Greeley To tal Tax Rates State County Rate Other Taxes City Rate B.2.2 Packet Pg. 65 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 9Fort Collins Net Taxable Sales 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Millions City Net Taxble City % of County Sales B.2.2 Packet Pg. 66 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) Identified Funding Needs 10 •Parks built with Capital Expansion Fees •Updates and maintenance are where funding is needed •Masterplan estimates $8-12M gap •25% of transit dollars come from the general fund •Masterplan to build out estimates $8-10M gap •Affordable and attainable housing is community priority •Goal is 10% of housing stock as affordable by 2040 (Currently at 5%) •$8-9.5M gap PA RKS TRANSIT HOUSING CLIMATE ·Our Climate Future (OCF) plan intensifies community efforts to achieve climate, energy, waste goals ·OCF current commitments on track to reach halfway to 2030 carbon goal ·$6M+ annual gap to accelerate community transition from fossil fuels B.2.2 Packet Pg. 67 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) •System includes over 50 parks, 45 miles of paved trails, and 10 recreation facilities •Ongoing Park costs are funded by General Fund; Recreation from GF & program revenues •15-18 parks and the SE Community Center remain to be built 11Parks and Recreation: $9M –$12M Parks and Recreation System Background •2008 Policy Plan goal was to maintain appropriate level of service as the community grows •2021 Master Plan built upon that to also include vision of providing equitable access to parks and recreation experiences, while enhancing financial sustainability of Parks and Recreation •Funding gap of $9-12M identified in master plan to achieve vision B.2.2 Packet Pg. 68 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 12 An nual Gap ($M)Operations & Maintenance (Daily Ta sks)Infrastructure Replacement Parks $1.0 $8.2 Recreation $0.0 $2.3 Planting Refresh $0.6 To tal $1.0 $11.1 Parks and Recreation: $9M –$12M Operations and Maintenance -the daily tasks needed to keep parks and recreation facilities running and minor repairs to capital assets to keep them in a good state of repair, such as water management, turf care, trash & recycling in parks. B.2.2 Packet Pg. 69 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 13Parks and Recreation: $9M –$12M Infrastructure Replacement (Capital)-Critical maintenance or repair of existing assets, can also include strategic changes to existing parks or recreation facilities and design elements •Smaller replacements, like replacements of courts or playgrounds, typically require one-time funding and are not likely to increase annual operations and maintenance costs. •Can also include strategic changes to existing parks or recreation facilities and design elements that may trigger slight increases in annual operations and maintenance costs. •$11M annual gap include recreation needs B.2.2 Packet Pg. 70 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 14TransitMasterPlanBuild-Out B.2.2 Packet Pg. 71 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 15TransitFundingStudy Tr ansit Funding Study •Update capital and O&M cost projections •Analysis of possible funding sources •Analysis of potential for a fare-free system •Complete Q4 of 2022 B.2.2 Packet Pg. 72 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) Tr ansit Current Anticipated Funding Need 16 Capital Investments: -Amounts for capital projects vary widely year over year -The minimum federal match is 80/20 (grant/local) -Recent federal communication has indicated that future successful grant applicants will have higher local match amounts Operational Expansion: -Based on the 2019 operational budget of approximately $17.5M -Local match funding sources include: the fares/fees, investment earnings, other intergovernmental reimbursements & other smaller miscellaneous revenue sources. B.2.2 Packet Pg. 73 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 17Transit Funding Need $8M -$10M 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Base Funding Operations - Local Match Capital Project - Local Match Additional Anticipated Federal Funds Current Level of Funding New Level of Funding ~$17.5M (2019 operating budget) ~$8M -$10M •The area between the lines represents new funds needed to build & operate the TMP •A s ignificant amount of federal grant funding is anticipated: current assumed matches range from 80/20 to 50/50 (grant/local) •Capital projects will be the initial focus with service levels increasing as capital projects are completed •Some service level increase is anticipated due to population growth, higher frequency routes, and route extension B.2.2 Packet Pg. 74 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) Housing Affordable Housing Funding 18 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 2015 2016 2017 2018 2019 2020 2021 2022 To tal City Affordable Housing Funding, 2015-2022 Competitive Process CCIP (2016-2025) Average: ~$2.7 million §~$22 million allocated to affordable housing over the last 8 years §Ty pical annual funding amount: $2-3 million §Av erage City subsidy for funded projects: ~$39,000 per unit (new construction) B.2.2 Packet Pg. 75 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) §Since 2000, the community has produced or preserved about 120 affordable units per year on average. §Our community is about 850 units behind in affordable housing production from 2015-2021 §To achieve the 10% affordability goal by 2040, our community needs to more than double the annual production and/or preservation of affordable housing to 282 or more units per year. 19 Housing Affordable Housing Production Current status: 5% of all housing Goal: 10% of all housing by 2040 B.2.2 Packet Pg. 76 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 20 §To tal City funding need: ~$27 million deferred + $10-11 .5 million annually §Estimated annual ongoing need: $10-11 .5 million (additional $8-9.5 million) §Deferred funding: ~$27 million through 2020 (700 units behind 2020 goal) §As sumptions §City investment of ~$39,000 per unit will continue to yield 1 affordable unit §The current annual production goal (282 or more units per year) will result in 10% of all housing being affordable by 2040 §Other important funding resources (Private Activity Bonds, Low-Income Housing Tax Credits, fee relief, development incentives, private equity) will be available and sufficient to support investments in affordable housing. Housing Funding Needs $8M -$9.5M B.2.2 Packet Pg. 77 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 21What Could Dedicated Housing Revenue Fund? Expand the City’s competitive process to better support projects seeking to: Acquire land, develop housing, preserve existing housing, support residents. Examples: ·Housing acquisition (redevelopment/preservation) ·Land acquisition ·New construction costs ·Affordable homeownership renovation ·Renovation of affordable rental housing ·Homeownership assistance Expand or initiate City-led efforts as identified in adopted policies including the Housing Strategic Plan, City Strategic Plan, and HUD Consolidated Plan. Examples: ·Land Bank acquisition (expand) ·Extend affordability restrictions ·Fee credits for qualifying projects (expand) ·Develop incentive programs (energy efficiency, voluntary affordability restrictions, etc.) ·Explore redevelopment partnerships ·Other innovative approaches (middle income, mixed income, etc.) Accelerate Implementation of the Housing Strategic Plan B.2.2 Packet Pg. 78 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 2022 Housing Funding 22 Source*Est. Amount Affordable Housing Fund (General Fund)$1,000,000 HOME (Federal)$725,000 CDBG (Federal)$750,000 Affordable Housing Capital Fund (CCIP)$500,000 TOTAL $2,975,000 •2022 Competitive Process •$4,780,000 in requests •274 affordable homes (179 new construction and 95 renovated/preserved) •Requested City investment ranges from $17,188 -$80,000 per unit * Includes ~$300,000 in unallocated funds from 2021 B.2.2 Packet Pg. 79 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 23Climate Adopted Goals & Strategy •Reduce greenhouse gas emissions (GHGs) 80% below 2005 levels •Provide 100% renewable electricity with grid and local sources •Achieve zero waste, or 100% landfill diversion Intensify efforts to meet 2030 climate, energy and 100% renewable electricity goals that are centered in equity and improve community resilience •2030 Our Climate Future (OCF) Goals •Strategic Objective 4.1 B.2.2 Packet Pg. 80 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 24Climate 2030 Projection –Community Carbon Inventory •Key Pathways •Platte River committed to 100% renewable electricity by 2030 •Re duced petroleum use (vehicles) •Diversion of organic waste (universal composting) •Re duced natural gas use (buildings) Natural gas Petroleum Organic waste B.2.2 Packet Pg. 81 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 25Our Climate Future Pathways & Funding Needs Our Climate Future Outcome OCF Big Move Defined Pathway Funding Pathway Identified Mitigation Universal composting 2 & 10 Larimer County+ (Regional Wasteshed)Partial Natural gas (buildings)6 City, residents, and business No Ground travel (petroleum)4 & 13 City and residents No 100 percent renewable electricity 12 Platte River Power Authority and local solar Ye s Tr ansit 4 Under Discussion Resilience Climate resilience initiatives e.g., preparedness, extreme events response 3 City and local partners No Wa ter:source, quality, efficiency, stormwater Utilities capital and efficiency plans Ye s Pa rks & Recreation 11 Under Discussion Equity Climate equity work/partnerships e.g., low-to- moderate income (LMI) residential efficiency 1 City and local partners No Housing 7 Under Discussion B.2.2 Packet Pg. 82 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 26Potential Our Climate Future Funding Needs Our Climate Future Outcome Defined pathway Annualized long-term need Mitigation Universal composting Larimer County+ (Regional Wasteshed)TBD Natural gas (buildings)City supported infrastructure to electrify homes $3.5M Ground travel (petroleum)City supported infrastructure for EV charging $2.6M Resilience Climate resilience initiatives City and local partners TBD Example: Community Resilience Hubs City and local partners $0.5M ea. Equity Climate equity work/partnerships City and local partners TBD Example: residential efficiency for LMI homeowners and renters City and local partners $0.5M B.2.2 Packet Pg. 83 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 27Next Steps Continue project team meetings on regular basis •Develop project and engagement plan •Analyze and articulate efficiencies, savings, financial stewardship •Further research into impacts, timing, and questions Standing item on Council Finance Agenda •Review project work and findings •Bi-monthly agenda item Future Council Work Session Q3/Q4 •Discuss funding mechanisms B.2.2 Packet Pg. 84 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) 28Purpose Discuss specific identified funding needs 1.What questions does Council have on the identified funding needs? 2.What questions does Council have on process? 3.Does Council agree with proposed next steps? B.2.2 Packet Pg. 85 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan) B.2.2 Packet Pg. 86 Attachment: Powerpoint Presentation (11415 : Sustainable Funding Plan)