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HomeMy WebLinkAboutCOUNCIL - COMPLETE AGENDA - 06/13/2023 - WORK SESSIONFort Collins City Council Work Session Agenda Tuesday, June 13, 2023 Colorado River Community Room, 222 Laporte Ave, Fort Collins, CO 80521 NOTICE: Work Sessions of the City Council are held on the 2nd and 4th Tuesdays of each month in the Colorado Room of the 222 Building. Meetings are conducted in a hybrid format, however there is no public participation permitted in a work session. City Council members may participate in this meeting via electronic means pursuant to their adopted policies and protocol. How to view this Meeting:: Meetings are open to the public and can be attended in person by anyone. Meetings are televised live on Channels 14 & 881 on cable television. Meetings are livestreamed on the City's website, fcgov.com/fctv Upon request, the City of Fort Collins will provide language access services for individuals who have limited English proficiency, or auxiliary aids and services for individuals with disabilities, to access City services, programs and activities. Contact 970.221.6515 (V/TDD: Dial 711 for Relay Colorado) for assistance. Please provide advance notice. Requests for interpretation at a meeting should be made by noon the day before. A solicitud, la Ciudad de Fort Collins proporcionará servicios de acceso a idiomas para personas que no dominan el idioma inglés, o ayudas y servicios auxiliares para personas con discapacidad, para que puedan acceder a los servicios, programas y actividades de la Ciudad. Para asistencia, llame al 970.221.6515 (V/TDD: Marque 711 para Relay Colorado). Por favor proporcione aviso previo. Las solicitudes de interpretación en una reunión deben realizarse antes del mediodía del día anterior. Meeting agendas, minutes, and archived videos are available on the City's meeting portal at https://fortcollins-co.municodemeetings.com/ While work sessions do not include public comment, mail comments about any item on the agenda to cityleaders@fcgov.com City of Fort Collins Page 1 of 1 City Council Work Session Agenda June 13, 2023 at 6:00 PM Jeni Arndt, Mayor Emily Francis, District 6, Mayor Pro Tem Susan Gutowsky, District 1 Julie Pignataro, District 2 Tricia Canonico, District 3 Shirley Peel, District 4 Kelly Ohlson, District 5 Colorado River Community Room 222 Laporte Avenue, Fort Collins Cablecast on FCTV Channel 14 on Connexion Channel 14 and 881 on Comcast Carrie Daggett Kelly DiMartino Anissa Hollingshead City Attorney City Manager City Clerk CITY COUNCIL WORK SESSION 6:00 PM A) CALL MEETING TO ORDER B) ITEMS FOR DISCUSSION 1. Sustainable Funding Update. The purpose of this item is to seek Council direction on revenue options and ballot language considerations for referral to the November 2023 ballot. C) ANNOUNCEMENTS D) ADJOURNMENT Upon request, the City of Fort Collins will provide language access services for individuals who have limited English proficiency, or auxiliary aids and services for individuals with disabilities, to access City services, programs and activities. Contact 970.221.6515 (V/TDD: Dial 711 for Relay Colorado) for assistance. Please provide advance notice. Requests for interpretation at a meeting should be made by noon the day before. A solicitud, la Ciudad de Fort Collins proporcionará servicios de acceso a idiomas para personas que no dominan el idioma inglés, o ayudas y servicios auxiliares para personas con discapacidad, para que puedan acceder a los servicios, programas y actividades de la Ciudad. Para asistencia, llame al 970.221.6515 (V/TDD: Marque 711 para Relay Colorado). Por favor proporcione aviso previo. Las solicitudes de interpretación en una reunión deben realizarse antes del mediodía del día anterior. Page 1 City Council Work Session Agenda Item Summary – City of Fort Collins Page 1 of 3 June 13, 2023 WORK SESSION AGENDA ITEM SUMMARY City Council STAFF Ginny Sawyer, Sr. Project Manager Travis Storin, Chief Financial Officer SUBJECT FOR DISCUSSION Sustainable Funding Update. EXECUTIVE SUMMARY The purpose of this item is to seek Council direction on revenue options and ballot language considerations for referral to the November 2023 ballot. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. What adjustments, if any, need to be made to the current package of tax measures for Staff to develop ballot language? 2. Should a large emitter tax be included in the package? 3. Should staff bring forward a Resolution to update the natural gas franchise fee to 3%? 4. What additional information would Councilmembers like to see? BACKGROUND / DISCUSSION Over the past year, staff worked with Council Finance Committee (CFC) and the full Council to seek ways to address identified funding needs in the areas of parks and recreation, transit, and housing. Along with these needs the criticality of advancing City climate action goals has also been identified as an area of need. Estimated annual shortfalls range from six to twelve million per area.  Parks & Recreation - $8 to $12M annual shortfall (Parks & Recreation Master Plan)  Transit - $8M to $14.7M annual shortfall (Transit Master Plan)  Housing - $8M to $9.5M annual shortfall (Housing Strategic Plan)  Climate - $9.5M+ annual shortfall (Our Climate Future Plan) Transit, Housing, and Climate are being combined as a “Climate Umbrella” based on Our Climate Future work and aligned goals. Page 2 Item 1. City Council Work Session Agenda Item Summary – City of Fort Collins Page 2 of 3 Funding Options and Analysis Through discussion and analysis at CFC and Council work sessions funding options have been narrowed significantly. A dedicated sales tax, property tax and an increase to the Xcel franchise fee have emerged as the most feasible mechanisms. A large emitter tax is also included in the options. The table below demonstrates the potential revenue gain of these mechanisms along with estimated annual impact to residents. Category Funding Mechanism Potential Use Annual Revenue Estimate Resident Annual Impact Franchise Fee to 3% Natural Gas Bills Climate $1M • Council action only – does not require voter approval • 2% increase. ~ $14/household Substance Tax 1 to 5% on Alcohol/MJ/ Nicotine TBD $6 to $11M • $1 to 5 per $100 purchase in Fort Collins • Visitors also impacted Property Tax 3 to 5 mills Parks & Rec $11 to 18M+ • Residential increase of $29 to $143 • Commercial increase of $125 to $626 Sales Tax Additional ¼ Cent Dedicated Tax Climate Umbrella $10M • $31 per resident/ $78* per household • Sales tax on food would remain at 2.25% • Visitors also impacted Large Emitter Tax $51/MT CO2e Climate Umbrella $0.8M • N/A to residents • Two applicable businesses Total $29M to 41M+ • $121 to $235 net annual increase per household* + impact of substance tax *Assumes a household size of 2.5 (American Community Survey 2021 1-year estimates, table DP04) Since the April work session, staff has developed initiatives and actions for Council consideration listed below. Property Tax Since 1992, the City has collected 9.797 mills of property tax. Poudre Fire Authority (PFA) gets 67% of the City’s portion (approximately 6 of the City’s 9 mills) of property tax amount through an intergovernmental agreement. There would not be a PFA contribution included in any new mills. If the City were to refer an additional property to the voters, staff recommends considering 3-5 mills. From the work on identified needs, 3 mills ($11M) covers the operation and replacement gap in parks and Page 3 Item 1. City Council Work Session Agenda Item Summary – City of Fort Collins Page 3 of 3 recreation. Going to 5 mills ($18M) allows for the addition of aquatics and future recreation capital (Recreation Center/Aquatic Facilities.) Property Tax is collected in arrears. If additional mills were adopted in November 2023, the City would see those collections in 2025. Dedicated Renewal Sales Tax An additional ¼-cent sales tax dedicated to the “Climate Umbrella” would generate an estimated $10M annually to be used for identified needs within transit, housing, and climate. These funds would be directed through the budgeting process. The sunset timeline on a new dedicated ¼-cent would need to be determined and could be 6 years (to align with 2030 climate goals and the Keep Fort Collins Great renewal); 10 years (which has been a “norm” for renewable taxes); or longer. Large Emitter Tax At the current reporting requirement of 25,000 MT CO2e annually, only two entities (Broadcom and Anheuser-Busch) would be subject to a large emitter tax. Should both organizations follow through with their public statements regarding reductions, Broadcom would not be subject to the tax after 2025, and Anheuser-Busch would not be subject after 2030. The estimated $0.8M in revenue would be dedicated to climate efforts and directed through the budgeting process. NEXT STEPS Per the recent ballot initiative, City elections will now be in November. Ballot referral would need to happen in August. There is currently a work session scheduled on July 25, 2023 to finalize potential ballot language. Referrals would be scheduled on August 15, 2023. ATTACHMENTS 1. Presentation Page 4 Item 1. Headline Copy Goes Here 06-13-2023 Sustainable Funding Update Page 5 Item 1. Headline Copy Goes HereCouncil Direction Requested 2 What adjustments, if any, need to be made to the current package of tax measures for Staff to develop ballot language? Should a large emitter tax be included in the package?2 Should staff bring forward a Resolution to update the natural gas franchise fee to 3%? What additional information would Councilmembers like to see? 1 3 4 Page 6 Item 1. Headline Copy Goes Here 3 Prior Work Session Dialogue April 2023 Council Work Session •Support to continue the work •No support for pursuing Utility Occupation Tax (Natural Gas) •General direction on ¼-cent sales tax, property tax, and components of substance tax •Mixed feedback on Large Emitter Tax •Acknowledgement that achieving full funding gap of $46M is unlikely Page 7 Item 1. Headline Copy Goes Here 4 Timeline INTRODUCE GAPS Start meeting with Council Finance Committee (CFC) . 2021 2023 Q1 2027 Q3/4 2023 Q2 2022 MORE REFINEMENT CFC and full Council NOVEMBER 2023 ELECTION Determined by Q2 decisions Ballot language determined by August 15 DISCUSS NEEDS/REFINE MECHANISMS 2 full Council Worksessions and multiple CFC meetings DETERMINE BALLOT MEASURES Work with Council June 13 & July 25 Page 8 Item 1. Headline Copy Goes Here 5 Additional funding use in Aquatics 1.Parallel Council dialogue on Aquatics (SE center, Mulberry replacement, NE center) 2.Avoid building something City can’t afford to operate/maintain 3.Evolution of property tax dialogue with Council Page 9 Item 1. Headline Copy Goes Here 6 ReCreate: Parks & Rec Master Plan Recommendation Community & Neighborhood Recreation Centers +3 by 2040 Pools +2 by 2040 Pool Priority Investment Rating was 197 Paved, Multi-use trails were second at 157 Page 10 Item 1. Headline Copy Goes Here 7 Recreation and Aquatics Considerations •Build out calls for 3 new recreation centers including the Southeast. •Build out calls for 2 new pools. •Mulberry Pool needs replacement. •Recreation has utilized CCIP ¼-cent: •$3M EPIC match (1985) •$10M replacement of Northside Aztlan (1997) •$5.5M Senior Center Expansion (2006) •$18M Southeast Facility (2015) •Dedicated funding would free up space in the program for other priorities. •Funding would support the infrastructure replacement at new facilities plus partial O&M Page 11 Item 1. Headline Copy Goes Here 8 Options Category Funding Mechanism Timing Potential Use Annual Revenue Estimate Resident Annual Impact Franchise Fee to 3%Natural Gas Bills Climate $1M •Council action only –does not require voter approval •2% increase. ~ $14/household Substance Tax 1 to 5% on Alcohol/MJ/Nicotine TBD $6 to 11M+•$1 to 5 per $100 purchase in Fort Collins •Visitors also impacted Utility Occupation Tax 4.5% on Natural Gas Bills Climate Umbrella $4M •4.5% residential increase per household •~$32 per residential household Property Tax 3 to 5 Mills Parks & Rec $11 to 18M+•Residential increase of $29 to $143 •Commercial increase of $125 to $626 Sales Tax Additional ¼ Cent Dedicated Tax Climate Umbrella $10M •$31 per resident/ $78* per household •Sales tax on food would remain at 2.25% •Visitors also impacted Large Emitter Tax $51/MT CO2e Climate Umbrella $0.8M in 2024; decreasing thru 2030 •N/A to residents •Two applicable businesses Total $29M to 41M+•$121 to $235 net annual increase per household* + impact of substance tax *Assumes a household size of 2.5 (American Community Survey 2021 1-year estimates, table DP04) Page 12 Item 1. Headline Copy Goes Here 9 Current Package Category Funding Mechanism Timing Use Annual Revenue Estimate Resident Annual Impact Franchise Fee to 3%Natural Gas Bills 2023 (Active in 2024) Climate $1M •Council action only –does not require voter approval •2% increase. ~ $14/household Property Tax 5 Mills 2023 Parks & Rec w/ Aquatics Capital $18M •Residential increase of $143 on $400K home •Residential increase of $179 on $500K home •Residential increase of $268 on $750K home •Residential increase of $358 on $1M home •Commercial increase of $626 Sales Tax Additional ¼ Cent Dedicated Tax 2023 Climate Umbrella $10M •$31 per resident/ $78* per household •Sales tax on food would remain at 2.25% •Visitors also impacted Total $29M+•$235 net annual increase per household* + impact of substance tax *Assumes a household size of 2.5 (American Community Survey 2021 1-year estimates, table DP04) Page 13 Item 1. Headline Copy Goes HereCouncil Direction Requested 10 What adjustments, if any, need to be made to the current package of tax measures for Staff to develop ballot language? Should a large emitter tax be included in the package?2 Should staff bring forward a Resolution to update the natural gas franchise fee to 3%? What additional information would Councilmembers like to see? 1 3 4 Page 14 Item 1. Headline Copy Goes Here Thank you! Travis Storin, Chief Financial Officer Ginny Sawyer, Sr. Project Manager 11 Page 15 Item 1. Headline Copy Goes Here Appendix / Back-up 12 Page 16 Item 1. Headline Copy Goes Here 13 Natural Gas Franchise Fee Increase 2019-2022 AVG Revenue Baseline 2022 Revenue Baseline Current Fee Rate –1.07%$ 515,905 $ 727,633 Proposed Rate –3.00%$ 1,446,462 $ 2,040,093 Potential New Revenue for Climate Initiatives (estimated)$ 930,557 $ 1,312,460 Considerations: •Does not require voter approval •Current franchise fee of 1.07% generates ~$445k/yr to General Fund •New portion of revenue could be allocated for a variety of climate uses •Peer communities charge a 3% Franchise Fee •City’s legal agreement allows up to a 3% fee Page 17 Item 1. Headline Copy Goes Here 14 Natural Gas Franchise Fee Increase •*Note: Impact on Contract accounts not evaluated Considerations: •Already appears as line item on customer bills •City could adopt a rebate program to provide relief to low-income customers MONTHLY ON-BILL FRANCHISE FEE COST Customer Type 2022 Average Monthly Bill Current Avg. Monthly Franchise Fee 1.07% Total Avg. Monthly Franchise Fee 3.00% Net Avg. Monthly Franchise Fee Increase 3.00% Net Annual Franchise Fee Cost Increase Residential $ 58.19 $ 0.62 $ 1.75 $ 1.13 $ 13.56 Commercial/ Industrial $ 344.02 $ 3.68 $ 10.32 $ 6.64 $ 79.69 Page 18 Item 1. Headline Copy Goes Here 15 Substance Tax Category Substance Funding Mechanism Annual Revenue Estimate Household Impact Additional (Excise) Sales Tax Alcohol*1% Additional Tax $780K+•$1 per $100 purchase in Fort Collins •Visitors also impacted Alcohol*3% Additional Tax $2M+•$3 per $100 purchase in Fort Collins •Visitors also impacted Alcohol*5% Additional Tax $4M+•$5 per $100 purchase in Fort Collins •Visitors also impacted Marijuana 1% Additional Tax $900K •$1 per $100 purchase in Fort Collins •Visitors also impacted Marijuana 3% Additional Tax $3M •$3 per $100 purchase in Fort Collins •Visitors also impacted Marijuana 5% Additional Tax $5M •$5 per $100 purchase in Fort Collins •Visitors also impacted Nicotine**1% Additional Tax $340K+•$1 per $100 purchase in Fort Collins •Visitors also impacted Nicotine**3% Additional Tax $1M+•$3 per $100 purchase in Fort Collins •Visitors also impacted Nicotine**5% Additional Tax $2M+•$5 per $100 purchase in Fort Collins •Visitors also impacted *Liquor store estimate only **Cigarette estimate only Page 19 Item 1. Headline Copy Goes Here 16 Tax Comparisons Taxing Authority Cigarettes Other Tobacco Alcohol Marijuana State (Excise)$1.94 (per pack)--- State 2.90%2.90%2.90%15.00% County 0.0%0.80%0.80%0.80% City 3.85%3.85%3.85%3.85% Total 6.75% + excise tax 7.55%7.55%19.65% Taxing Authority Fort Collins Boulder Thornton Aurora Denver Commerce City Berthoud Englewood State 15.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00% County 0.80%1.19%0.75%1.00%0.00%0.75%0.80%0.25% City 3.85%3.86%3.75%3.75%4.81%4.50%4.90%3.80% City Additional 0.00%3.50%5.00%5.00%5.50%7.00%7.00%10.30% Total*19.65%23.55%24.50%24.75%25.31%27.25%27.70%29.35% MARIJUANA SALES TAX RATE COMPARISON *Does not include other taxes (RTD, cultural, etc.) TOTAL SALES TAX RATES Page 20 Item 1. Headline Copy Goes HereProperty Tax Breakdown Page 21 Item 1. Headline Copy Goes Here 18 Property Tax at Varying Residential Valuations Category Funding Mechanism Annual Revenue Estimate Household Impact Property Tax 1 Mill Property Tax $3.5M+ •Residential increase of $29 on $400K home •Residential increase of $36 on $500K home •Residential increase of $54 on $750K home •Residential increase of $72 on $1M home •Commercial annual increase of $125 2 Mill Property Tax $7M+ •Residential increase of $57 on $400K home •Residential increase of $72 on $500K home •Residential increase of $107 on $750K home •Residential increase of $143 on $1M home •Commercial annual increase of $251 3 Mill Property Tax $11M+ •Residential increase of $86 on $400K home •Residential increase of $107 on $500K home •Residential increase of $160 on $750K home •Residential increase of $214 on $1M home •Commercial annual increase of $376 4 Mill Property Tax $14.5M+ •Residential increase of $114 on $400K home •Residential increase of $143 on $500K home •Residential increase of $214 on $750K home •Residential increase of $286 on $1M home •Commercial annual increase of $501 5 Mill Property Tax $18M+ •Residential increase of $143 on $400K home •Residential increase of $179 on $500K home •Residential increase of $268 on $750K home •Residential increase of $358 on $1M home •Commercial annual increase of $626 Page 22 Item 1. Headline Copy Goes Here 19 Large Emitter Tax Entity Total Reported Emissions (MT CO2e) 2024 Forecast Potential 2024 Revenue ($51/MT) Broadcom 33,496 MT $0.2M Anheuser Busch 37,474 MT $0.6M Total 70,970 MT $0.8M Considerations: •Requires voter approval •Potential to accelerate de-carbonizing of two entities currently emitting more than the EPA reporting threshold (25k MT CO2e/year) •Revenue estimate uses current “Social Cost of Carbon” ($51/MT CO2e) •Could change at federal level •Diminishing returns –revenue declines as emissions decline •Applies to net emissions above EPA reporting threshold of 25,000 Page 23 Item 1. Headline Copy Goes Here 20 Projected Emissions 60 57 54 53 50 51 49 48 48 47 42 44 40 38 37 35 33 32 30 28 27 25 - 10 20 30 40 50 60 70 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031ThousandsAnheuser Busch Annual CO2e Emissions Metric Tons CO2e Projected Reductions Target 25K MTons CO2e Page 24 Item 1. Headline Copy Goes Here 21 Projected Emissions Page 25 Item 1. Headline Copy Goes Here 22 Projected Revenue Revenue anticipated to decline under reporting threshold after 2030 Page 26 Item 1. Headline Copy Goes Here 23 Fort 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 $4,500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Millions City Net Taxble City % of County Sales City Pop % of County (revenue trends and comparisons) FORT COLLINS NET TAXABLE SALES Page 27 Item 1. Headline Copy Goes Here 24 Tax Rate History 3.85% Current City Sales Tax rate 2.85% •¼-cent Street Maintenance •¼-cent CCIP Expiring 12/31/2025: Page 28 Item 1. Headline Copy Goes Here 25 Identified Funding Needs Masterplan to Build Out Projects To Achieve 10% Affordable Housing Stock To Accelerate Community Transition From Fossil Fuels $9.5M+ Annual Gap$14.7M Annual Gap $8-9.5+ Annual Gap$8-12M Annual Gap ANNUAL REVENUE GAP = $40M TO $46M+ Masterplan Projects Page 29 Item 1. Headline Copy Goes Here Maintain appropriate levels of service •$11M funding represents 2.4% of value •Replacement value of recreation facilities $200M+ •Park infrastructure asset value $260M+ Examples: •Repaving parking lots •Roofing repairs/replacement, HVAC replacements, electrical upgrades including LED •Conversion of courts from asphalt to post-tension concrete •Irrigation system renovation, including replacement of water management equipment such as flow sensors & controllers Parks and Recreation Infrastructure Replacement 26 What Could Dedicated Parks and Recreation Revenue Fund? Provide equitable access to parks & recreation experiences​ as identified in 2021 Parks and Recreation master plan. •Currently 51% of playgrounds are beyond expected lifespan. Examples: •Replace play equipment, changing surfaces from sand to ADA compliant material •Repair sections of cracked walkways, bringing walkway slopes up to ADA standards •Locker room and restroom upgrades/replacement •Pedestrian bridge replacements, fencing repairs, water feature renovations, bike park renovations, pedestrian lighting replacementPage 30 Item 1. Headline Copy Goes Here 27 Benesch Study: Parks Projected Asset Replacement Need PARKS ASSET REPLACEMENT BUDGETARY GAP Page 31 Item 1. Headline Copy Goes Here 28 Raftelis Study: Recreation Projected Investment Need RECREATION ASSET REPLACEMENT BUDGETARY GAP •Flooring •HVAC •Chillers •Diving boards •Plumbing •Electrical EPIC $1.1M •HVAC •Interior •Roof Rolland Moore Tennis Complex $300K •Playground •Slides City Park Pool $1.3M •HVAC •Roof •Pool equipment Mulberry Pool $1M Page 32 Item 1. Headline Copy Goes Here 29 Parks and Recreation Gap: $9M –12M Value of Parks and Recreation •Environmental –air quality, water, biodiversity •Social –livability, connection, gathering, health and well-being •Economic –property value, tourism, sales activity •Fort Collins system includes over 50 parks, 45 miles of paved trails, and 10 recreation facilities •Parks IRP is currently funded at $0.75M per year (originally $0.6M in 1993) •Recreation IRP is currently funded at $0.2M per year •Deferred needs have been growing Infrastructure Replacement Plan (IRP) Current State Page 33 Item 1. Headline Copy Goes Here 30 Sustainable Revenue Summary –Climate, Transit & Housing Climate Umbrella Big Move Focus Investment Target 4 Transit $14.7M 4 Active Modes $1.5M 6 Building Efficiency & Electrification $2.85M 7 Housing Affordability $8-9.5M 13 Electric Vehicles $1.85M 2 & 10 Zero Waste $2M Total Annual Investments:$31M+ Page 34 Item 1. Headline Copy Goes Here 31 Sustainable Revenue: Current Climate, Housing & Transit Investments Climate Umbrella •Ongoing FC Utilities Climate Investments: •Energy Efficiency, Customer Renewable and Grid Flexibility programs; $6.6M annually •EPIC Loan program; up to $2.5M annually in available financing •Streetlight LED conversion; $1M annually •Efficiency Works programs (via Platte River budgeting); ~$5M annually •Ongoing Housing Investments: •Competitive Process for Affordable Housing Development; $1.5-$3M awarded annually •From all sources –Federal, City General Fund & CCIP •Ongoing Transit Investments: •Building, Operating & Maintaining Routes; $22M annually •Includes local, federal, grant, and partner funding OUR IMPACT Community-wide total electricity use would be over 20% higher without Utilities energy programs since 2005 Page 35 Item 1. Headline Copy Goes Here 32 Sustainable Revenue: Our Climate Future Investments Climate Umbrella •Our Climate Future Big Moves •1 -Shared Leadership and Community Partnership •2 -Zero Waste Neighborhoods •3 -Climate Resilient Community •4 -Convenient Transportation Choices •5 -Live, Work and Play Nearby •6 -Efficient, Emissions Free Buildings •7 -Healthy Affordable Housing •8 -Local, Affordable and Healthy Food •9 -Healthy Local Economy and Jobs •10 -Zero Waste Economy •11 -Healthy Natural Spaces •12 -100% Renewable Electricity •13 -Electric Cars and Fleets •"Allowable Uses" from existing, community-driven planning •Centering Equity •Inclusive of Transit and Housing funding priorities Page 36 Item 1. Headline Copy Goes Here 33 Community Emissions Pathways to 2030 GHG Goal Page 37 Item 1. Headline Copy Goes Here 34 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella Improve route frequencies and service resiliency Transit Master Plan initiatives to increase transit ridership. Bus operator resiliency Remain fare-free Procure additional buses and increase operational frequencies Add new route with 30-minute frequency on Lemay/Trilby New southeast micro-transit service Local match for major capital projects Unprecedented Federal dollars in grant funding available to fund 60-80% of large transit projects. West Elizabeth bus rapid transit North transit maintenance facility (needed for further expansion) Electrification and ultimate zero-emission of fleet Additional charging infrastructure North College MAX extension Mobility hubs Scale / Accelerate Transform Big Move 4 –Convenient Transportation Choices: Transit Estimated investment needed: $14.7M annually Page 38 Item 1. Headline Copy Goes Here 35 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella Big Move 7 –Healthy Affordable Housing Expand the City’s competitive funding process to better support projects seeking to: Acquire land, develop new affordable housing, preserve existing affordable housing, support residents. Housing acquisition (redevelopment/preservation) Land acquisition New construction costs Affordable homeownership renovation Renovate 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. Acquire properties for Land Bank (expand) Offset fees for affordable projects (expand) Develop incentive programs (energy efficiency, voluntary affordability restrictions, etc.) Explore redevelopment partnerships Other innovative approaches (middle income, mixed income, etc.) Scale / Accelerate Transform Estimated investment needed: $8-$9.5M annually Page 39 Item 1. Headline Copy Goes HereSustainable Revenue Uses –Climate, Transit & Housing Proposition 123 Funding Breakdown •Affordable home ownership program •Programs addressing homelessness •Local planning capacity program •Land banking •Equity financing •Debt financing There is no estimate of the amount of local funds from Proposition 123. Funding for Proposition 123 is competitive and there is no guarantee of or entitlement to funding for municipalities. Page 40 Item 1. Headline Copy Goes Here 37 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella •Big Move 13 –Electric Cars and Fleets •Support home electrical panel and service upgrades for EVs •Public charging strategy, implementation and maintenance •Engagement with local cars dealerships to offer training to sales staff on education and benefits of EVs •Transition all Transfort buses to zero emission vehicles by 2040 •Explore providing incentives for community members for installation of charging equipment in homes and businesses •Explore expansion of level 3 public charging opportunities for EVs Scale / Accelerate Transform Estimated investment needed: $1.85M annually Page 41 Item 1. Headline Copy Goes Here 38 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella •Big Move 6 –Efficient, Emissions Free Buildings •Expand programs for electrification of space and water heating •Explore adding minimum building performance standards (BPS) for commercial building stock •Explore requirement for residential energy disclosure at point of listing/sale •Support home electrical panel and service upgrades for electrification •Explore proactive upgrades of infrastructure and customer electric equipment to support building and transportation electrification. •Explore opportunities to expand grid flexibility options in residential and commercial buildings through battery storage and other solutions •Explore Utility scale distributed energy resource solutions (solar and battery installations) Scale / Accelerate Transform Estimated investment needed: $2.65M annually Page 42 Item 1. Headline Copy Goes Here 39 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella •Big Move 4 –Convenient Transportation Choices:Active Modes •Rebates for E-bikes •Install in-street protected bike lanes and bicycle and pedestrian crossing improvements •Local match to leverage many state and federal grant opportunities available Scale / Accelerate Transform Estimated investment needed: $1.5M annually •Same strategies with much higher investments •Grade-separated crossings Page 43 Item 1. Headline Copy Goes Here 40 Sustainable Revenue Uses –Climate, Transit & Housing Climate Umbrella •Big Moves 2 & 10 –Zero Waste •Improving recycling education and removing barriers to reusing and recycling •Growing the circular/sharing/reuse economy •Increasing recycling services through local waste infrastructure and operational support •Local waste infrastructure investments •e.g. potential organics transfer station, etc Scale / Accelerate Transform Estimated investment needed: $2M annually Page 44 Item 1.