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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/12/2005 - BUILDING ON BASICS 2005 BALLOT MEASURE DATE: July 12, 2005 WORK SESSION ITEM STAFF: Diane Jones FORT COLLINS CITY COUNCIL Ann Turnquist SUBJECT FOR DISCUSSION Building on Basics 2005 Ballot Measure. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. Which projects does City Council want staff to include in the ballot language to be prepared for adoption at the August 16 Council meeting? At the June 14 Work Session, Council reviewed recommended projects and selected a tentative package of approximately $60 million in projects and projected Operations and Maintenance (O&M) costs for further consideration. The projected cost of this list of projects exceeds available funding by approximately $4 million if all O&M costs are included, and by $700,000 if projects are allocated O&M funding beginning in the year following completion of construction (see Attachments 1&3.) As part of this Work Session, Council will be asked to further review the project list and provide direction to staff regarding a final project list to be included in the ballot language. 2. What shall be the term of the tax? Most Council Members expressed support for a 10-year tax term, 2006-2015. Some Council Members wished to consider a shorter term such as 5 years. Council will be asked to provide specific direction on the term of tax to be included in the ballot measure. 3. What method does Council favor for including the costs of Operations and Maintenance for new projects within the ballot measure? Staff has developed several alternatives for Council's consideration regarding the funding of ongoing Operations and Maintenance costs. Staff will seek Council's feedback on the most appropriate method to be included in the ballot measure. 4. Are there any special provisions City Council wishes to consider in the ballot language related to either requirements regarding projects, outside funding or revenue overages? In the Building Community Choices sales tax package, City Council made specific provision in the ballot measure that required a private sector funding match for the completion of the EPIC Second Sheet of Ice. If the private funding was not raised, the project was to be abandoned, and the City's share of the funds would have been applied to other capital projects. Another provision in the ballot language anticipated how any July 12, 2005 Page 2 remaining funds would be spent at the end of the BCC tax. In the Community Enhancements package, any unexpended funds were allocated to any capital project approved by the City Council. Depending on Council's final project list and its intent regarding those projects, special provisions may need to be enumerated in the proposed ballot language. By providing staff with direction regarding any such provisions, staff can be certain to include them in the ballot language to be brought before Council on August 16. BACKGROUND The purpose of this Work Session is to refine City Council's priorities for the Building on Basics ballot measure and to provide direction regarding ballot language. Council must set ballot language at the August 16 Council meeting in order to have the measure appear on the November 1, 2005 election. On June 14, Council and staff met to discuss the proposed Building on Basics capital improvement program. Council provided staff with direction on several key issues involved in the process of developing a ballot measure. Direction included the following: 1. Council directed staff to continue planning for a November 2005 election ballot measure. 2. The majority of Council Members were generally in favor of a 10-year term for the tax renewal, but some members suggested that they would still like to consider a 5 year option. 3. Council agreed with the staff recommendation that Operations and Maintenance costs should be included within the tax measure. Discussion centered on the number of years of O&M costs that should be included in the funding package. Below, staff has outlined three options for addressing O&M costs, with pros and cons of each alternative provided. 4. Council reviewed specific projects and selected a tentative package of approximately $60 million in projects and projected O&M costs for further consideration. 5. Council directed staff to conduct some citizen outreach over the next month, including Web based outreach. Council directed staff not to conduct a statistically valid citizen survey or an extensive process for gathering further citizen input. Project List Attached is a copy of the spreadsheet Council Members developed as they reviewed specific projects. The project list (Attachment 1) includes the allocations discussed by City Council at the June 14 meeting, including 10 years of O&M funding (along with the adjustments). The July 12, 2005 Page 3 total cost projection under this scenario is $50,385,000 in capital expenditures and $10,028,000 in new O&M costs. Attachment 3 provides a more detailed (yet preliminary) analysis of project scheduling and allocates O&M costs only after each project is completed. The resulting cost estimates under the draft scenario is $50,385,000 in capital costs, and $6,325,000 in actual O&M costs for a total of$56,710,000. This represents a sales tax amount of.255%,just slightly over the revenue projected for a '/ cent sales tax in constant 2005 dollars ($710,000 over budget.) Council asked for additional information about several projects such as seed money for cultural facilities; a reduced project scope for Senior Center expansion (i.e. $4 million); time limits for spending capital expansion fees on a new library facility; consolidated funding for Community and Neighborhood Parks; and consolidation of funding for the Intersection and Traffic Signal Pool with the Harmony/College Intersection project. Staff has developed some additional information for Council's consideration. Cultural Facility: If City Council wishes to allocate a specific dollar amount within the BOB program as seed money for a cultural or performing arts facility, staff has developed a proposal regarding how $5 million could be spent to improve cultural facilities in the community. They propose splitting the funds between a renovation of the Lincoln Center and pursuing funding for a new facility. (See details in Attachment 4) Senior Center Expansion: The original project scope for an expansion of the Senior Center included the addition of a 25,000-30,000 square foot addition with associated parking improvements. The addition would include a pottery/arts and crafts studio, classrooms, a workout room with cardio and weight equipment and exercise rooms. Cost projections for the project were set at $8,480,000. City Council suggested exploring a lower cost addition, with an approximate cost of$4 million. If$4 million of BOB funding were allocated to a Senior Center expansion, staff has developed an alternative project description (see Attachment 4.) Southeast Express Library Council asked staff for clarification about the requirements for spending capital expansion fees which have been collected from development since 1996 and earmarked for expansion of Library facilities. Staff and the City Attorney have met to discuss the implications of the limitations on fee revenue and believe that they can adequately address the issue without substantially changing the proposed project. A revised project description is included in Attachment 4. Consolidated funding for Neighborhood and Community Park Improvements: City Council suggested that the two projects for Neighborhood and Community Park Improvements be combined and funded for approximately $1.25 million. The attached project description outlines the highest priorities for this funding. In addition, staff suggests that this project be re-titled "Community/Neighborhood Park and Cemetery Improvements" and combined with the improvements to Roselawn Cemetery. The full project cost would then be listed on the ballot as $1.525 million. July 12, 2005 Page 4 Intersection and Traffic Signal Pool: City Council directed staff to consolidate the Intersection and Traffic Signal Pool with the project to make intersection improvements at Harmony Road and College Avenue, resulting in a total project cost of $12 million. Staff believes that this funding level and combination of projects will allow the City the flexibility to complete the Harmony/College intersection in conjunction with the Harmony, Seneca to College project, and to take advantage of any state funding for intersections that may become available in the future. Operations and Maintenance City Council directed staff to prepare BOB funding scenarios which include the cost of operating and maintaining new facilities within the cost of the sales tax package. Staff has developed three alternative approaches to providing for these O&M costs: Option A: Null Alternative Over the last 30 years, the City has funded over 70 capital projects through voter approved sales taxes. Each of these tax measures has included funding for capital costs only. The on-going cost of O&M was not included in the tax measures and has been funded through existing resources and growth in City revenues. During financial times when the City's revenues have been characterized as growing, such a financial plan has put pressure on the General Fund and other resources, but those resources have grown at a pace adequate to fund the new O&M. With the City's current modest revenue projections, planning to continue to use this method of funding O&M is much more problematic. If the current list of projects were funded for capital only, the General Fund would be forced to absorb nearly $1 million per year of increased O&M costs over the 10-year period. Building on Basics 2005 Preliminary Council Priorities--June 28, 2005 Additional O&M Costs Per Year Scenario (in Thousands) 11 $ 5 1 $ 248 i $ 458 $ 863 $ 937 $942 $ 947 $ 952 $ 973 $ 6,325 If Option A for Operations and Maintenance is as a companion approach of the ballot measure, City Council's preliminary project list could be increase by $5,617,000 because additional capital funding would be available if no O&M costs were included in the ballot measure. Despite the fact that more capital projects could be funded, staff does not recommend continuing this method of O&M funding. Option B: O&M Funding During Term of Tax. Conversion to Permanent O&M Supplement A long-term source of O&M funding could be provided if a portion of the renewed sales tax were made permanent. This scenario is similar to the funding approach used by Larimer County for the operations and maintenance of its jail facility with a small portion of its sales tax dedicated for many years toward operations of the jail facility. July 12, 2005 Page 5 Under the current funding scenario, with approximately $1 million in additional O&M needed by the end of the 10 year tax term, the sales tax renewal could be allocated as follows: 0.22% Capital (22 cents on a $100 purchase) 0.03% O&M (3 cents on a $100 purchase) } for the 0.05% On-going Operations and Maintenance Supplement (5 cents on a $100 purchase) At the end of the 10-year tax term, in order to generate adequate funding for ongoing O&M, a sales tax of .05% could be made a permanent part of the City's sales tax base. A sales tax of .05% (5 cents on a $100 purchase) would yield $1.12 million per year for O&M (2005 dollars). If Option B were selected as part of the ballot measure, City Council's preliminary project list would need to be reduced by $700,000 to allow for adequate funding for the selected capital projects. Option C: First 10 Year, Full O&M Funding A hybrid approach for transitional O&M funding could be developed to provide short-term funds for new projects during the first 10 years of the project's life spans. The tax package could be developed including a full 10 years of O&M funding for each project, regardless of the projected completion date of the project. These funds could be earmarked for O&M costs for specific projects and with the full amount retained for the first 10 years of a facility's operational life. Upon completion of a project, it would be assured to have 10 years of O&M funding available (i.e., if a project is completed in 2009, the O&M would be funded from accumulated proceeds of the tax for the period of 2009-2018.) The result of this approach would be to stagger the impact of new O&M costs on the General Fund, with some projects beginning to draw General Fund revenue in 2016, while others would not require on-going O&M funding until as late as 2025. Though this scenario would ensure O&M funding for each project in the short- to mid-term, its long-term effect would be to delay the impact on the General Fund, but not eliminate the impact. It would however allow the City to anticipate these increased costs for the General Fund and build those costs into the long-range financial package. If Option C were selected as part of the ballot measure, City Council's preliminary project list would need to be reduced by $4,663,000 to allow for adequate O&M funding for the selected projects. July 12, 2005 Page 6 Draft Ballot Language Following this work session, staff will develop ballot language for Council's consideration at the August 16 regular Council meeting. Key provisions for the ballot measure will include: • The amount of the tax; • The term of the tax (i.e., January 1, 2006 through December 31, 2015); • A specific list of projects to be funded; • Projected costs for each project in 2005 dollars; • Provisions for funding O&M costs (as directed by Council); • Provisions to address TABOR limitations; • A statement that this is a new tax (as required by TABOR), along with a statement that this replaces an expiring tax (BCC); and • Any provisions or requirements that Council wishes to include about specific projects or overages in revenue. City Attorney Steve Roy will also be providing some additional information to Council regarding setting ballot language under separate cover via the Thursday, July 7 Council packet. ATTACHMENTS 1. Full Project List—Council Priorities Calculator 2. Council Priorities from June 14 Work Session, Preliminary Selected Project List 3. Draft Cash Flow Analysis and Project Schedule, June 28, 2005 4. Project Descriptions 5. Presentation Slides Staff presentations for Work Session items have been video taped in advance of this meeting. The presentations will be broadcast on City Cable Channel 27 at the following times: Thursday,July 7 5:30 p.m. Sunday,July 10 10:00 a.m.& 8:30 p.m. Friday,July 8 1:00 P.M. Monday,July 11 12:00 p.m. Saturday,July 9 2:00 p.m. &8:30 p.m. Tuesday,July 12 4:00 p.m. Videos of the presentations will also be available via a high-speed internet connection at www.fcgov.com by 5:00 p.m.,Friday,July 7. Full List-Project Calculator Attachment 1 City Council Priority Setting Exercise--Building on Basics 2005 (.25 cent tax over 10 years=$56 million) June 27,2005 Total Tax= 0.2708% Capital Tax: 0.225% O&M Tax: 0.0459% Total New Annual Total New O&M for 10 Unfunded Additional O&M Costs, Years(in Cost O&M Capital Costs Annual thousands) Total of Projects Selected: (In thousands) $ 50M3 $ 1,028 Total Cost with 10 yrs.O&M: Amou.t ofnddum..I T..Required ror O&M: $ 60,663 0.0459% Libraries Library Technology $ 5, 0 $ - $ 5,950 $ - $ - Southeast Branch Library $ 1,56560 $ 400 x $ 1,56560 $ 400 $ 4,000 Library Materials $ 3,750 $ - - Cultural Facilities Fort Collins Museum/Discovery Science Center Joint Facility $ 6,000 $ 200 $ 6,000 S 200 $ 2,000 Lincoln Center Renovation $ 5,000 $ 24 x $ 5,000 $ 24 $ 240 New Perforating Arts Center $ 44,500 $ 501 $ - $ - $ - Fort Collins Museum Storage Facility $ 2,472 $ 60 $ - $ - Parks and Recreation Community/Neighborhood Park and Cemetery Upgrades and Enhancements $ 1,525 $ 45 x $ 1,525 $ 45 $ 450 Fort Collins Senior Center Expansion $ 4,000 $ 50 z $ 4,000 $ 50 $ 500 Neighborhood Park Upgrades and Enhancements(Combined above) $ 700 $ 10 $ - $ - $ - Recreation Center at Fossil Creek Community Park $ 20,988 $ 1,665 $ - $ - $ Restroom,Office and Irrigation at Roselawn Cemetery(Combined above) n/a n/a x n/a n/a Community Planning and Environmental Services Projects Cache La Poudre River Habitat Restoration $ 4,500 $ - $ - $ - $ - Police Services Projects Police Services CADReplacement Project $ 600 $ 219 $ 600 $ 219 $ 2,190 Police Services Automated Vehicle Locators(AVLs) $ 487 $ 66 $ - $ - $ - Roads/Multi-Modal Transportation Projects Drake Road-BNSF RR Grade Separation $ 10,680 $ 2 $ - $ - $ - East Drake Road-Harvard to Stover $ 2,136 $ 2 $ - $ - $ - Harmony-Seneca to College $ 3,969 $ 19 z $ 3,969 $ 19 $ 190 Intersection Improvements and Traffic Signals(including Harmony/College) $ 12,000 $ 5 x $ 12,000 $ 5 $ 50 Intersection Improvements at College Ave.and Harmony(Combined above) $ 4,140 $ 2 $ - $ - $ - Lemay Avenue,Lincoln to Conifer $ 16,243 $ 37 $ - $ - $ - Mulberry St./SH 14 Park and Ride-Mulberry/125 $ 1,000 $ too $ - $ - $ - North College Avenue-Vine Drive to Conifer Street $ 8,280 $ 6 $ - $ - $ - Prospect-Poudre River to I-25:4 Lane Arterial $ 5,382 $ 11 $ - $ - $ - Streets Facility Expansion $ 1,800 $ - $ - $ - $ - Timberline-Drake to Prospect $ 4,856 $ 16 x $ 4,856 $ 16 $ 160 Timberline-Mulberry to Mountain Vista $ 5,242 $ 20 $ - $ - $ - Tratic Signal Replacement Project(ATMS)Enhancement $ 2,100 $ 83 $ - $ - $ - Transit $ - Replacement Buses Transit Fleet $ 923 $ - x $ 923 $ - $ - New Vehicles for Transit Fleet $ 618 $ 1,234 $ - $ - $ _ Bike/Pedestrian Enhancements $ _ Fort Collins Bicycle Program Plan Implementation $ 1,000 $ - z $ 1,000 $ - $ - Bike/Ped Trail-Spring Creek to Lauml(MTC) $ 4,087 $ 12 $ - $ - $ - Pedestrian Plan and ADA Improvements,Continuation $ 3,000 $ 50 z $ 3,000 $ 50 $ 500 Bike/Ped Underpass at Troutman and FIN RR(MTC) $ 1,777 $ 15 S - $ - $ - 'Fo[al: $ 191,265 $ 4,854 $ Total of Projects Selected: $ 50,383 $ 1,028 $ 10,280 N 3 O 00 O O O O O O O 0 y C h O 0 7 � O O, O1 Z L r,, 'fl ' O CDN -It 'n z N 44� /. 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AD � arn � wa � Uw a ,� � SF � c# Yrs. a 'a v a a c°e F as � fCCC U Q ••• p pN N H N H H N N H H y N y V N�y H N M 0 N H pH K K y K y K H H K N Q H K N N E E `•� h e.i N°O O V8i y K ppK y N K K N K N H ✓a y Q H` � N m H H K oy y H K N H K N M K y N � N O W N � U O H N K 69 N H K N N K H H K D 9 G yy m N u C � GH yH H pK y W pH K H 8 N N N H S O Qm Ypr H pN K H K �ppH 8 H K pN o ff � 9 3 C V5 O O r O ✓1 N P N � �p t C s « E U H H H N K H N C « m H H y H N M H O 9 ipq g ge raa N � o 0o m e L V v e y H H H H M H H H N N N N W ✓' `y' � W C o `o Y o yyXS pppp O � � a .m o $ � W 0 o u °°'' u '° Y! m�y p Q s o a O 'O � : W ("' +6n•� ° N u � ,E WEXq - 'e f .aA n°O � t- ATTACHMENT 4 Revised Project Descriptions Building on Basics 2005 July 1, 2005 Council asked for additional information about several projects such as seed money for a new Performing Arts Center; a reduced project scope for Senior Center expansion(i.e. $4 million);time limits for spending capital expansion fees on a new library facility; and consolidated funding for Community and Neighborhood Parks. Staff has developed some revised project descriptions based on Council's direction. 1. Cultural Facilities for Building On Basics (BOB) Staff recommends using $5 million dollars dedicated to cultural facilities to renovate the Lincoln Center,pursue additional dollars through fundraising,and complete a market analysis and business plan for a possible new performing arts center. Renovations to Lincoln Center/Fundraisine BOB dollars will be used to perform the highest priority items on the Lincoln Center renovations list, such as additional bathrooms and an elevator to the balcony lobby. Staff will leverage BOB dollars to raise additional funds through foundations, granting agencies,and private donors to help meet the additional renovation needs of the Lincoln Center. The Lincoln Center is in dire need of renovation. Citizen feedback and the BOB open houses revealed the publics interest in seeing the Lincoln Center restored to its original prominence. Citizens site the "shabby" condition of the facility, poor acoustics, rundown and inadequate bathroom facilities, the lack of an elevator to the balcony level, and inadequate exterior lighting. The Center has lost customers because the conference rooms don't have the technology today's conference attendees require. National touring companies and our local performing groups need more dressing facilities and expansion to the theatrical stage to accommodate sets. Currently,the national touring companies leave much of their sets and staging on the trucks and the audience experiences only a fraction of the quality of the production. For example,42nd Street had 29 backdrops;our stage could only display 2,thus greatly reducing the production value. The citizens of Fort Collins highly value and have much ownership in the Lincoln Center. It was built by and for the community and continues to serve as the center of Fort Collins cultural life,with nearly 275,000 in annual attendance. This investment of capital dollars will return the Lincoln Center to its original prominence, creating a unique atmosphere reflective of its mission to provide a diverse range of quality and civic opportunities, and to stimulate and broaden artistic growth. It is also more economical to address the renovation now than pay more later as the needs grow and prices increase. Without renovations, the Lincoln Center risks its revenue status by being less valued in the marketplace. When a future performing arts center is built, the Lincoln Center will continue to serve as a viable performance and conference venue for the community, operating in tandem with the new facility. Market Analysis/Business Plan for new performing arts center A portion of the $5 million will be used to complete a market analysis and business plan for a possible new performing arts center. The goal is to determine the best size and type of facility that will serve the needs of the public and be financially viable. The market analysis will take into consideration new facilities that have recently opened or are in the process of being developed, the growing and shifting regional economy,and market share in terms of audience base. The business plan will determine the best course of action for running the facility,attracting audience and creating a facility that is financially viable. Key Points: $5 million dedicated to Cultural Facilities: • Renovation of Lincoln Center • Leverage additional dollars through fundraising • Market Analysis/Business Plan for possible new performing arts center Benefits: • Leverage BOB dollars through fundraising to meet the Lincoln Center renovation needs • Address the concerns of the community about the condition and future of the Lincoln Center • Increase the visibility of Lincoln Center as a cultural destination • Help Lincoln Center maintain its marketability, revenue base, and 75% self- sustaining status. • More economical to make these necessary improvements now than pay more later as prices increase and the problems become compounded 2. Fort Collins Senior Center Expansion The Senior Center expansion project includes a 20,000-25,000 square foot building and additional parking on the City property to the southwest of the current facility. The project will include workout and exercise facilities, an outdoor fitness and workout "trail" designed specifically for aging adults and people in wheelchairs, and 75-100 additional parking spaces to relieve the current parking shortage at the Senior Center. This expansion will complete development of the master plan for the site and enhance the aesthetics of the existing neighborhood. Besides alleviating the parking shortage,the primary focus of this expansion is fitness,exercise,and movement. The City has a unique opportunity through activities at the Senior Center to help our aging citizens maintain health and vitality. According to the Centers for Disease Control, 40% of people age 65 and older currently have a sedentary lifestyle. Americans are turning age 50 at the rate of 7 every minute and will continue to do so until 2014, according to American Demographics magazine. Due to the sheer numbers of people (aging of the "baby boomers" born between 1946 and 1964), renowned gerontologist Ken Dychtwald has stated that osteoporosis is becoming the health crisis of the future. Studies show that strength and balance training for adults can reduce osteoporosis-related injuries by as much as 40%. Research by the Centers for Disease Control indicates that an active, healthy lifestyle contributes t o healthy aging. Encouraging physical activity for all citizens is a solution to save billions of dollars in heath care costs,to maintain mental and emotional health, and to ward off chronic disease. Related to these trends in physical fitness, the Alzheimer's Association has launched a public health and education campaign to raise awareness of the importance of diet, exercise, and lifestyle to maintain cognitive vitality as people age. According to surveys conducted by the National Council on Aging, the "boomers" already place primary emphasis on physical conditioning and health. That data is born out by the number of aging adults clamoring to use the limited amount of fitness equipment currently available at the Senior Center; not to mention the number who hike, ski, swim, attend health and medical workshops and events, or participate in Senior Games activities through the Senior Center. In addition to required landscaping and the senior fitness trail,the popular community gardens will be maintained, along with the current walking and biking access to Rolland Moore Park and the Spring Creek Trail. 3. Southeast Branch Library Project Description: A library branch will be built to serve the growing population of Southeast Fort Collins. A 10,000- 20,000 facility will provide access to a circulating collection of the most popular books,media and magazines. Library operating hours will be provided that accommodate the largest number of residents of the area. Why this project is needed: Nearly 1/3 of the children using either the Main or Harmony Library currently are from Southeast Fort Collins. These children have to rely on parents to drive them to either Harmony of Main Libraries in order to take full advantage of public library resources. Most of this area has no bus service. A branch in this section of the City will improve access for SE residents, particularly for the children.Preschool story time and after school homework help is currently unavailable for them since they cannot walk or bike to a neighborhood library. This branch will focus on providing customers with the highest demand materials and services. It will offer a convenient, friendly,neighborhood library presence for an estimated 40,000 people. It will fully utilize existing collections located at Main and Harmony libraries, and serve as an easily accessible drop off and pickup point for library material borrowed from other libraries. It will be enlist the latest technology for self-checkout, facilitated by well-trained and helpful staff, and services will include access to the Internet and other computing resources, wireless access, convenient hours, highly popular materials in various formats for all ages, and high-impact, high demand programs with a focus on children and families. 4. Neighborhood Parks, Community Parks and Cemetery Improvements The City has four older community parks (City Park, built in 1911; Edora Park, built in 1971; Lee Martinez Park, built in 1976; Rolland Moore Park,built in 1984) and over 30 neighborhood parks. Funding to build new parks comes from new housing construction,but we lack a funding source to upgrade and improve aging parks. Management plans have been developed for each park. The plans identify improvements, such as new playground equipment, picnic shelters, restrooms, landscaping, sidewalks and many other upgrades needed to keep our parks useful, enjoyable and attractive. The management plans identify the need for picnic shelters at Golden Meadows and Warren parks, new playground equipment at Blevins,Troutman,Rogers and Warren parks and new sidewalks and better landscaping at many older parks. The plans also call for the restoration of Spring Creek at Rolland Moore Park and Edora Park and a new shelter and turf area near the playground at Martinez Park. The improvements for City Park include a new restroom and shelter east of Sheldon Lake and a pedestrian plaza near the outdoor pool and playground. Roselawn Cemetery does not have a restroom or an office suitable for use by customers. The manual irrigation system at the cemetery is expensive to operate and wastes water. This project funds the construction of a restroom and office at Roselawn as well as a new, efficient, automatic irrigation system. Cost: $1,525,000 O&M: $45,000 ATTACHMENT Building on Basics 2005 July 12, 2005 Questions for Council ❑ Which projects does City Council want to include in the ballot language? ❑ What shall be the term of the tax? ❑ What method does Council favor for including the costs of O&M? ❑ Are there any special provisions? 1 Direction from June 14 Work Session ❑ November ballot ❑ Majority favored 10 year term ❑ Include O&M—discuss method ❑ Narrowed project list to $60 million ❑ Limited additional citizen outreach Project List ❑ Attachment A: Council's preliminary list ❑ Attachment C: Schedule and funding scenario ❑ Available funds = $56 million over 10 years ❑ Council's list should be reduced $700,000 to $4 million, depending on method of O&M selected 2 Review of Project List—CLRS ❑ Library Technology—$5.95 m ❑ Southeast Branch Library—$1 .56 m ❑ Fort Collins Museum/Discovery Science Center Joint Facility--$6 m ❑ Lincoln Center Renovation--$5 m ❑ Community/Neighborhood Park and Cemetery Upgrades and Enhancements— $1 .52 m ❑ Fort Collins Senior Center Expansion--$4 m Review of Project List--Police ❑ Police Services CAD Replacement Project-4600,000 3 Review of Project List— Transportation Services, Roads ❑ Harmony - Seneca to College--$3.969 m ❑ Intersection Improvements and Traffic Signals (including Harmony/College)— $12 m ❑ Timberline - Drake to Prospect -- $4.85 m Review of Project List— Transportation Multi-Modal ❑ Replacement Buses Transit Fleet--$923,000 ❑ Fort Collins Bicycle Program Plan Implementation -- $1 m ❑ Pedestrian Plan and ADA Improvements, Continuation— $3 m 4 Operations and Maintenance (O&M) []Option A: Null Alternative ■ No earmarked funding for O&M ■ Status Quo ■ Not recommended by Staff Operations and Maintenance ❑Option B: Funding During Term of Tax, Conversion to Permanent O&M Supplement = $6,325,000 0.22% Capital (22 cents on a $100 purchase) 0.03% O&M (3 cents on a$100 purchase) 0.05% On-going Operations and Maintenance Supplement (5 cents on a $100 purchase) 5 Operation and Maintenance ❑Option C: First 10 Years, Full O&M Funding = $10,280,000 ❑ Projects receive 10 years O&M funding before on-going funds will be needed from General Fund ❑ Staggers impact on General Fund Ballot Language ❑ The amount of the tax; ❑ The term of the tax (i.e. January 1 , 2006 through December 31 , 2015); ❑ A specific list of projects to be funded; ❑ Projected costs for each project in 2005 dollars; 6 Ballot Language Continued ❑ Provisions for funding O&M costs; ❑ Provisions to address TABOR limitations; ❑ A statement that this is a new tax (as required by TABOR), along with a statement that this replaces an expiring tax (BCC); and ❑ Any provisions or requirements that Council wishes to include about specific projects or overages in revenue. Questions for Council ❑ Which projects does City Council want to include in the ballot language? ❑ What shall be the term of the tax? ❑ What method does Council favor for including the costs of O&M? ❑ Are there any special provisions? 7