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Staff Meeting — Road Fund Policy Team <br /> Monday, Sept. 8, 2008, 3:30 — 4:30 p.m. <br /> Lyle Conference Room — 858 Pearl St., 1 Floor <br /> 0Kurt Corey 0Becky Carlson O Jeff Lankston 0Mark Schoening uJohnny Medlin 0Tish Peterson <br /> O Tammy Smith <br /> Today's Agenda <br /> Purpose: To begin to prepare Kurt for discussions with Jon and Execs around a strategy for achieving <br /> long -term financial stability for the O &M operations in the Road Fund. <br /> 1 Review of Current Forecast and Revenue Gap <br /> 2 Potential Strategies for Addressing the Structural Imbalance <br /> A, Expenditure /service reductions - $3.5 million for FY10 (see 2005 exercise for examples) <br /> B. New dedicated revenue sources <br /> • Garbage fee surcharge ($1 /month/household = $1 million/year) <br /> • Street lighting fee ($1.50 /month/household to fund $850,000 budget) <br /> • Street utility fee ($5 /month/account - $3.3 million/year) <br /> • County -wide MVRF ($15 /yr., 60% to cities = $1.9 million to COE) <br /> C. Different service delivery options (IGAs, ? ? ?) <br /> D. Combination of the above <br /> 3 Sequence of Upcoming Discussions <br /> A. Kurt et. al. meet with Jon & Sarah to brief them <br /> B. Kurt & Jon discussions w/ Execs <br /> C. Schedule October( ?) council worksession and follow -up Nov. worksession <br /> 4 Preparation Needed for Discussions <br /> A. Update illustrative effects of service reductions from 2005 to reach $3.5 million target <br /> B. Get place- holder council worksession(s) on the tentative agenda <br /> C. Communication to PW staff?? <br /> Staff Assignments Who By When <br /> 1. <br /> 2. <br /> 3. <br />