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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/15/2014 - RESOLUTION 2014-045 APPROVING AN AMENDED AND RESTAAgenda Item 20 Item # 20 Page 1 AGENDA ITEM SUMMARY July 15, 2014 City Council STAFF Mike Beckstead, Chief Financial Officer Tom DeMint, PFA Fire Chief SUBJECT Resolution 2014-045 Approving an Amended and Restated Intergovernmental Agreement Between the City of Fort Collins and the Poudre Valley Fire Protection District Establishing the Poudre Fire Authority. EXECUTIVE SUMMARY The purpose of this item is to approve the revised Intergovernmental Agreement (IGA) which forms the Poudre Fire Authority and the associated Revenue Allocation Formula (RAF) which allocates a share of City revenue toward the provision of fire and rescue services within Fort Collins. STAFF RECOMMENDATION Staff recommends adoption of the Resolution. BACKGROUND / DISCUSSION Since 1981, the City of Fort Collins (City) and the Poudre Valley Fire Protection District (PVFPD) have had an intergovernmental agreement to provide joint fire protection and rescue services within their respective boundaries. The two “parent” entities jointly govern Poudre Fire Authority (PFA) through representation on the PFA Board of Directors. The overall purpose of the joint service model has been to consolidate two existing fire departments into one Fire Authority which would provide timely, efficient and cost-effective service within the combined boundaries of the two entities. The RAF was designed to “pass through” a predictable revenue stream from each entity to the PFA for its operations and capital needs. The PFA Board of Directors is charged with administering that funding stream for the benefit of both partners. Over the past nine months, City staff and PFA staff have worked together to update the current IGA between the PVFPD and City. While some changes are recommended in the general terms of the IGA (see below), the primary issue under review has been the RAF, which details the financial contributions of each party to the operation of the Poudre Fire Authority. The basic components of both the original and the proposed new RAF include the following factors:  Cost Sharing between City and District The original formula was based on an 80%/20% split in the total costs of operating PFA between the City of Fort Collins and PVFPD. The split was calculated based on the relative share of call volume and assessed value of properties protected. Agenda Item 20 Item # 20 Page 2  City Contribution Calculation The City has calculated its share of the funding formula based on a share of its general sales and use tax revenue, plus a share of its property tax revenue. In 2010, the City also added a dedicated funding stream from its Keep Fort Collins Great voter approved sales and use tax.  District Contribution The District contributes its entire property tax mill levy revenues (less minimal District expenses) directly to PFA. The mill levy rate has fluctuated through the years based on the amount of revenue it needed to generate to meet its share of the cost of PFA operations. In 2010, the District increased its mill levy to 10.595 mills to match the increase in City contributions through KFCG. In addition, the Town of Timnath contributes a share of its Urban Renewal Authority tax increment in lieu of the District property taxes that the URA properties would have otherwise paid to the District. In 2014, the City’s actual contributions to PFA totaled $20.1 Million (RAF at $17.8M and KFCG at $2.3M). With the preliminary budgeted City revenue of $21.7M in 2015, PFA will see an increase in City funding of $1.4M or approximately 7%. This represents normal revenue growth (approximately 3%) PLUS the first step in closing the City’s funding gap with first year of the phase-in (approximately $0.5M). District revenue projections for 2015 will be developed in the near future as property tax projections from Larimer and Weld Counties become available. Intergovernmental Agreement Update In addition to discussions regarding the funding formula, City staff and PFA staff have met regularly over the past several months to review the details of the IGA document. Key changes in the terms of the agreement have included such provisions as:  Appointment of the “5th Member” of the Board (this language remains the same as the original agreement);  Impact of annexations on the financial agreement;  Appointment of a legal advisor to the Authority;  Inclusion of specific references to “Rescue” services as part of the scope of PFA’s services;  Elimination of language which distinguishes between an “Administrative Chief” and “Executive Chief;”  Clarification of the PFA’s role in contracting for EMS Ambulance Services within the jurisdiction; and  Additions regarding TABOR limitations. April 2, 2014 Joint Meeting Recap On April 2, City Council and the PVFPD Board met in joint session to review the proposed IGA and Revenue Allocation Formula. Comments and suggestions from that meeting led to the following adjustments to the final IGA document presented with this Resolution: 1. The City’s RAF has been simplified to include three components instead of four—.29 cents of sales and use tax, 67.5% of Property Tax and the KFCG revenue dedicated to Fire emergency services. Previous versions of the IGA had distinguished between property taxes for operations and maintenance and those dedicated to capital. Under the proposed IGA, all City contributions are provided to PFA to be distributed between O&M and capital needs, as determined by the PFA Board and PFA staff. 2. Language regarding the phase-in period for the City’s increased contribution was clarified. 3. Exhibit A, “Funding Formula and Revenue Allocation Formula” was amended to include a description of “Other Revenues” which PFA generates itself, without contribution from the City or the District. These revenues consist primarily of fees generated in the development review process, but also include grants, Agenda Item 20 Item # 20 Page 3 reimbursements, investment income and miscellaneous revenue. Language in this Exhibit was also modified to better express the City’s commitment of revenues affected by Urban Renewal Authorities. 4. PFA’s ability to incur bonded debt was clarified to reinforce that PFA does not have the legal authority to issue General Obligation bonds, but does have the ability to incur some other types of debt with approval of the PFA Board. 5. Section 2.2 N of the Agreement was modified to provide more detailed direction regarding PFA annual performance report to the City and the District. 6. The description of the ambulance related service authorized in the IGA was modified to be in line with state law and the PFA’s intention to contract for ambulance services dispatched through the City’s public safety answering point (PSAP), known as the dispatch center. Changes from the current IGA are highlighted in yellow in the proposed IGA. Changes from the draft IGA presented at the joint meeting on April 2nd are highlighted with double underlining in the proposed IGA. City Council also asked for a cost estimate for the in-kind services provided by the City to the PFA. These in- kind services, detailed in Exhibit B of the IGA, reduce the overall cost of providing fire service. PFA utilizes City support services in order to take advantage of the economies of scale created by not duplicating basic administrative functions. City staff estimates that the total annual cost of these services is approximately $400,000. These estimates were determined by calculating a pro rata share of the City’s total cost for each service and allocating those costs to PFA. For example, administration of benefits programs for all City, PFA and Library District employees was calculated to be approximately $500,000 per year, including City staff, consultants, actuaries, etc. Since PFA employees represent approximately 10% of the total employees served, the PFA’s share would be calculated at $50,000 per year. However, as part of this analysis, the City considered whether any of its actual costs would be reduced if PFA no longer participated in the City’s benefits program, and concluded that the cost savings would be minimal since virtually all of the same staff and contracted work would be done each year, with or without PFA employees being covered. The use of automated systems for much of the “per employee” work results in very little marginal cost for the addition of 200 employees. In each case, City staff has concluded that no staff positions could be eliminated if PFA were no longer served, and minimal marginal costs are actually incurred. After many months of work between the City and the District, the final approval of the IGA will take place in two stages. On May 12, the District Board approved the final IGA by unanimous vote. At the July 15, 2014 Regular Meeting, City Council will consider the same resolution. The overall schedule for consideration of the financial proposal and the IGA update has been:  City Council Finance Committee review (Financial issues) March 17  PVFPD Board briefing and discussion (Financial Implications and provisions of IGA) March 24  PFA Board discussion (Update to Board on PVFPD and City discussions) March 25  PVFPD and City Council Joint Meeting (Review terms of IGA and RAF; develop consensus on terms to prepare for formal consideration) April 2  PVFPD Consideration of Resolution 2014 - 03 to Approve IGA and RAF May 12 City Council Consideration of Resolution to Approve IGA and RAF July 15 Incorporation of RAF into City Budget Process Summer 2014 FINANCIAL / ECONOMIC IMPACTS Three components—Cost Sharing between District and City, City Contribution Calculation, and the District Contribution—were applied to develop a new proposed Funding Agreement and RAF for future contributions. The components of the proposed formula include: Agenda Item 20 Item # 20 Page 4 Total Cost Current Budget Level of Service 2014 $24.7 million Adequate Funding for Level of Service, 2014 $27.5 million Split (based on the five- year average blend of service calls & assessed value) City 82.5% $22.7 million District 17.5% $ 4.8 million City Funding Shortfall City 2014 Contribution $20.1 million City Funding Shortfall $ 2.6 million City Contribution Sales and Use Tax .29 cents of one cent of 2.25% Base Sales and Use Tax Property Tax 67.5% of Property Tax KFCG As defined in ballot language District Contribution Property Tax 10.595 Mills Timnath URA Tax Increment in lieu of District Property Tax The proposed City RAF variables (29% of one cent of sales tax and 67.5% of property tax) were determined based on the City’s 2014 revenue forecasts and the targeted $22.7M for the City contribution. At $22.7M, the City’s contribution equals 82.5% of the PFA Level of Service Budget and requires an additional $2.6M of funding over the budgeted 2014 funding of $20.1M. The 82.5% allocation of costs reflects a blend of service calls and assessed value between the City and the District. City staff is proposing that the $2.6M funding gap be closed over a five-year period. Going forward, the RAF will utilize the City’s Sales, Use & Property Tax revenue forecasts to develop PFA funding, and during the next five years, a declining portion of the $2.6M shortfall will be deducted from the RAF calculated PFA funding. Budget Projections: The table below reflects how the phase-in will work. The City RAF amount in the 2015 Budgeted and 2016 Budgeted columns reflect the City’s current estimates of revenue that will be provided to PFA in 2015 and 2016. Calculation for the remaining years in the table below assumes the previously used 3% per year growth assumption for illustration purposes only. Agenda Item 20 Item # 20 Page 5 City Contribution Projections, 2015 – 2020 (millions of dollars) 2014 2015 Budgeted 2016 Budgeted 2017 2018 2019 2020 City RAF Amount $20.4 $21.2 $21.9 $22.5 $23.3 $24.1 $25.0 + KFCG $2.3 $2.6 $2.7 $2.6 $2.6 $2.7 $2.8 City Calculated Contribution $22.7 $23.8 $24.6 $25.1 $26.0 $26.8 $27.8 Phase-in Adjustment Yrs Total = 5 80% 60% 40% 20% 0% - Phase-in Adjustment Amount ($2.6) ($2.1) ($1.6) ($1.0) ($0.5) $0.00 City Actual Contribution $20.1 $21.7 $23.0 $24.1 $25.4 $26.8 $27.8 ATTACHMENTS 1. History of Poudre Fire Authority (PDF) 2. IGA between City and District (redline/strikeout version) (PDF) 3. Powerpoint presentation (PDF) 1 ATTACHMENT 1 Poudre Fire Authority History June 3, 2014 In 1981, the City of Fort Collins and the Poudre Valley Fire Protection District developed an intergovernmental agreement to provide joint fire protection and rescue services within their respective boundaries. The two entities entered into a “trial period” of consolidation and then entered into the current Intergovernmental Agreement (IGA) in 1987. The Poudre Fire Authority is a consolidated fire service model which combined the City Fire Department with the District Fire Department to provide service in both the District and the City. The District surrounds the City of Fort Collins, and also encompasses the Town of Timnath, LaPorte, Bellvue, Horsetooth and Redstone Canyon for a total of 235 square miles of Northern Colorado. It is a Special District under Colorado law, governed by a five-member Board of Directors elected by residents of the District. Prior to the consolidation, the District was serving areas on all sides of the City, and often crossing through the City to reach calls in various parts of its service area. In addition, each entity provided mutual aid within the other’s boundaries. The combination of the two departments created a much more efficient service plan, saved resources by using existing and future stations to serve both urban and rural settings, and reduced overhead costs. Other service models were considered, including mutual aid contracts, contracts for service and creation of a Special District which encompassed both the City limits and the existing District boundaries. Changes in State law created an opportunity for a Fire Authority to be establish which would take advantage of the assets of both existing departments, maintain the relationship between the City and the District, and provide an efficient response system. The consolidated departments brought together staff, facilities, equipment, dispatch services and administration to provide services in the PFA boundaries. At the time of consolidation, the participants estimated that the creation of the PFA would result in a cost savings of over $1 million per year for the City and the District because of shared resources and shared stations. Over the years, these savings have increased. A 2007 estimate concluded that the savings to the City alone resulting from the PFA would have been over $2 million. If the partnership with PVFPD did not exist the City would likely need to increase its O&M funding by $2,400,000 to maintain existing services, plus some portion of a capital cost to replace facilities and apparatus that now jointly serve both areas. These figures were calculated based on the cost of replacing stations and staff located in the District but with current response areas substantially within the City limits. The District would also likely see cost increases as it relocated or revised its service plan to provide services to areas on all sides of the City. Since this analysis, annual savings have continued to increase through the shared model. The joining of forces created by PFA have resulted in improved insurance ratings, lower long- term costs to the taxpayer, enhanced ability to respond to large scale emergencies, and coordinated strategic planning. 2 Governance of the PFA was established as an independent Board of Directors. The Board was established to include two members appointed from the City Council, two members appointed from the PVFPD Board, and one member appointed by the other members. This 5th member has typically been the Fort Collins City Manager. A set of Bylaws was adopted in 1987 which sets forth the structure and timing of the PFA Board meetings and the process for selection of officers of the Board. The PFA relies on the City, Town of Timnath, Larimer and Weld Counties, or the District to adopt any policy or regulation which requires the force of law, since PFA does not have any regulatory power separate from those entities. Growth of Poudre Fire Authority When the PFA was created in 1981, the combined City and District population was approximately 91,400. It provided service from seven paid fire stations with 104 paid employees. Calls for service totaled 3,141 in 1981. As both the City and the District have grown over time, so has the PFA. The PFA population has grown to the current 185,000 residents. Employees have increased to 185 full-time employees, plus 30 volunteer firefighters. Calls for service are 5.5 times higher than in 1981, and since 1993 calls per line fire staff member have nearly doubled. This increase in demand and workload reflects both the growth of the communities and the increasing call for more types of services than were provided in the past. The addition of technical rescue services, swift water rescue, hazardous materials response and other types of services reflect the expectations of the community for emergency services response well beyond fire response alone. Other measures of growth in the PFA include the addition of six stations, additional crews for truck companies within existing stations, and the development of the Training Center. Over time, a greater percentage of growth in several measures is attributable to the City. A greater percentage of assessed valuation of protected structures is within the City, as are a larger percentage of calls. These facts are consistent with a gradual growth of the City through annexations of District properties into the City limits. Original PFA Revenue Allocation Formula The City and PVFPD have shared in the funding of PFA through a model outlined in the 1987 Intergovernmental Agreement. Each partner has its own method for providing funding for its share of operations and maintenance and capital needs. CITY OF FORT COLLINS: The funding formula agreement for the City’s share of PFA was established as a fixed sum contract each year. The formula was developed to provide a relatively stable funding source, but which would follow the growth and decline of City revenues in both sales and use taxes and property taxes. The fixed sum was to be estimated during the budget process to be the equivalent of .303 of one cent of the existing 2.25% sales and use tax, and 67.09% of the City’s property tax mill levy. This amount was to be appropriated as a part of the City’s annual budget. The PFA’s appropriation was not to vary based on actual year end collections, whether they were higher or lower than the budget projection. Early documents from the City note that in a downturn in the economy, the City “may approach the Authority to accept a lesser amount than what has been budgeted. The City could not require the Authority to cut back.” These funds were directed to the Operation and Maintenance needs of PFA. 3 In 1993, City Council acknowledged that it needed to provide additional funding to PFA for capital needs and increased its mill levy to provide a dedicated 1 mill allocation to PFA’s capital fund. In 1996 the dedicated 1 mill usage was expanded to include operations and maintenance costs in addition to apparatus replacement and capital needs not funded. In the 1990’s, the City applied TABOR limits to its allocations to PFA and made adjustments (increases or decreases) for items such as annexations, economic downturns, etc. After 2008, the City began to allocate funds to PFA based on a percentage increase over previous years, rather than a calculation of the previous Revenue Allocation Formula. In 2010, City voters approved the Keep Fort Collins Great sales and use tax package including dedicated funds for new fire services. POUDRE VALLEY FIRE PROTECTION DISTRICT: The District’s financial commitment to the PFA for each year is based on property tax receipts as projected by Larimer and Weld Counties in December of each year. The District’s mill levy has fluctuated between 4.75 mills and 11.81 mills since 1981. The highest rate was in place in 1987 as the District raised revenues to pay off a bond for Station 7 in LaPorte. In 2010, District voters approved a mill levy increase from 9.301 to 10.595 mills, to provide PFA with additional funds matching the increase in revenue provided by the City in the Keep Fort Collins Great (KFCG) program. The District’s increase did not include a sunset provision similar to the one included in the KFCG program. Each year, the District Board allocates most of its revenue directly to PFA, holding back enough revenue to cover the District’s operating costs and projected capital needs. Over recent years, the District has built up a capital fund dedicated to the construction of Station 8 in Timnath. The District is expected to transfer $1.4 million from these funds to PFA’s capital budget in either 2014 or 2015 for the planned construction of Station 8. PFA BOARD: The IGA requires the City Council and the District to annually approve their PFA budget contribution as an appropriation prior to the end of each year. After the allocation is set, the funds are turned over to PFA to be budgeted by the PFA Board. All funds are transferred to PFA, which receives its expenditure authorization from the PFA Board. Under the terms of the IGA, PFA is authorized to retain any unexpended funds in reserve, without further approval of the City or the District. 4 Poudre Fire Authority Revenue Allocation Formula History 1987-2014 City of Fort Collins PVFPD Sales and Use Tax Property Tax Capital Mill levy Keep Fort Collins Great Property Tax 1987- 1990 .303 of one cent of the City’s 2.25% base sales tax rate 67.09% of City Property Tax N/A N/A 11.81 Mills (varied with debt service level) 1991 – 2006 .303 of one cent of the City’s 2.25% base sales tax rate 67.09% of City Property Tax 1 mill N/A 9.301 Mills 2007-2010 Fixed percent increase over previous year 1 mill N/A 9.301 Mills 2010-2014 Fixed percent increase over previous year 1 mill 11% of .85% KFCG sales and use tax 10.595 Mills Proposed 2015 .29 of one cent of the City’s 2.25% base sales tax rate 67.5% of City Property Tax N/A 11% of .85% KFCG sales and use tax 10.595 Mills plus ATTACHMENT 2 1 PFA IGA July 15, 2014 ATTACHMENT 3 2 IGA History IGA Agreement and Revenue Allocation Formula has met the needs of the Authority and City for over 30 years • Current IGA established in 1987 • Defined authority of the PFA Board & Fire Chief • Governing Board • Personnel • Purchases & Disposition of Assets • Described funding mechanism for the District and the City • District – Mill Levy based • City – Revenue Allocation Formula o Original approximately 50%/50% Property Tax & Sales tax o Recent data 2/3 Property Tax, 1/3 Sales Tax (w/o KFCG) • Objective of revising the IGA: • Update authority levels & services provided by City • Update Revenue Allocation Formula 3 Revenue Revenue Growth from the District is Greater than from the City… City’s Contribution has Grown at a Rate Greater than City Revenue 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 1997 - 2014 PFA City and District Revenue City Contribution District Contribution Growth Rates 4.99% = City Revenue (Sales, Use, Property Tax, & KFCG) 5.03% = City Contribution to PFA 5.45% = District Contribution to PFA 5.12% = PFA Revenue 4 Calls Per Firefighter/Captain Average 3% Annual Improvement in Productivity 67.20 75.63 72.32 74.88 74.23 74.04 81.54 86.10 92.69 95.89 98.83 102.86 92.84 95.43 99.88 105.09 110.54 114.90 117.77 118.04 50 60 70 80 90 100 110 120 130 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 5 Level of Service Based Budget Analysis PFA Level of Service Budget requires an additional $2.8M over current 2014 budget of $24.7M 2014 O&M Capital Total Current Budget (w/o fees & review) $23.8 $0.9 $24.7 Personnel Net 0.7 0.7 Other Costs .4 0.4 Legal costs .1 0.1 Funding to restore Capital 1.6 1.6 Level of Service Budget Target $25.0 $2.5 $27.5 6 Funding Mechanism Phase in of Additional City Contribution Over Five Years…. Provides PFA Certainty of Revenue Growth District Revenue - $4.6M 2014 revenue: • Property Taxes at 10.595 mills • TIF Revenue for Station 8 from Town of Timnath City Revenue – $22.7M 2014 revenue: • Sales Tax - 29% of one cent of 2.25% GF Sales and Use Tax revenue • 1 mill of City property tax for Capital • 67.5% of remaining City property tax revenue • 11% of KFCG revenue Phase in of City’s additional $2.6M • Phased in over 5 years 7 IGA Terms Updated All IGA Changes Have Been Reviewed by Both the City and District Attorneys • Updated to reflect previously approved amendments • Reaffirm selection of “5th” member of Board • Update authorities of Chief • Purchases • Asset Disposition • Update to reflect current services provided by City • See Exhibit B of the IGA • RAF formula and worksheet included as attachment to IGA • Future transparency and consistency – Exhibit A in the IGA • Impact of Annexations and URA’s included with IGA • Large annexations – adjust RAF variables to be revenue neutral • URA/TIF – discussion to understand implications 8 BACK-UP 9 - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 1997 - 2014 PFA Expenses Personnel Exp Non-Personnel Exp Capital Exp Expenditures Personnel Cost Consistently at 87% of O&M…. Capital Funding has Been Used to Support O&M Growth Rates 4.57% = Non-Personnel Expense 4.94% = Personnel Expense 5.73% = Total Expense (Incl Capital) 86% of O&M 14% of O&M 87% of O&M 13% of O&M 10 Staffing Analysis Line, Command & Uniform Staffing has Declined Since 1998 From 93.8% to 89.7% of Total Staffing 0 20 40 60 80 100 120 140 160 180 200 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Employee count by category Line and Command Staff 40 hour Uniformed Professional/Technical Support Clerical Admin Support 93.8% 6.2% 10.3% 89.7% 11 Required Funding Adjustments 2014 Level of Service Budget Calculates $2.6M Shortfall from City Contribution District City Average 5 yr Calls 16.1% 83.9% Average 5 yr Assessed Value 18.8% 81.2% Blended 17.5% 82.5% Budget Share $4.8M $22.7M 2014 Current Contributions $4.6M $20.1M 2014 Funding Shortfall $0.2M $2.6M 12 City Funding over Time Proposed New RAF Goes Into Effect in 2015. 13 Station 5 and 7 Kitchen Wear and Tear 14 Deferred Maintenance Station 5 Roof 15 Station 7 inadequate facilities for male and female firefighters working together Bathroom privacy issues and single dorm room for all firefighters - 1 - RESOLUTION 2014-045 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING AN AMENDED AND RESTATED INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF FORT COLLINS AND THE POUDRE VALLEY FIRE PROTECTION DISTRICT ESTABLISHING THE POUDRE FIRE AUTHORITY WHEREAS, on November 3, 1987, the City of Fort Collins (the “City”) and the Poudre Valley Fire Protection District (the “District”) entered into an intergovernmental agreement (the “Agreement”) providing for the continuation of an independent governmental entity known as the Poudre Fire Authority (the “PFA”) which was originally formed in 1981, for the purpose of providing fire protection services within the City and the District; and WHEREAS, since 1987, the City and the District have entered into three addenda to the Agreement; and WHEREAS, the City and the District have recognized the need to amend and restate the Agreement and have worked cooperatively to identify and address issues of mutual interest, including the establishment of a new revenue allocation formula to help ensure a predictable revenue stream for the PFA for its operations and capital needs; and WHEREAS, Article XIV, Section 18 of the Colorado Constitution and Section 29-1-201, Colorado Revised Statutes, encourage governments to make the most efficient and effective use of their powers and responsibilities by cooperating and contracting among themselves; and WHEREAS, the City and the District have a history of successful cooperation in the provision of fire protection services in their respective jurisdictions through the creation of the PFA, which will be continued by the adoption of an amended and restated Agreement; and WHEREAS, City staff recommends that the City Council approve and authorize the execution of the Amended and Restated Intergovernmental Agreement Establishing the Poudre Fire Authority. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS, that the Mayor is hereby authorized to enter into the Amended and Restated Intergovernmental Agreement Establishing the Poudre Fire Authority in substantially the form attached hereto as Exhibit “A” and incorporated herein by this reference, with such modifications or additional terms and conditions as the Mayor, in consultation with the City Manager and City Attorney, determines to be necessary or appropriate to protect the interests of the City and effectuate the purposes of this Resolution. - 2 - Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 15th day of July, A.D. 2014. _________________________________ Mayor Pro Tem ATTEST: _____________________________ City Clerk EXHIBIT A Town of Timnath TIF revenue in lieu of property tax