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Staff 1Vleeting - Road Fund Policy Team <br />Monday, Sept. 8, 2008, 3:30 - 4:30 p.m. <br />Lyle Conference Room - 858 Pearl St., lst Floor <br />OKurt Corey OBecky Carlson oJeffLankston OMarkSchoening oJohnnyMedlin OTish Peterson <br />O Tammy 5mith <br />Todav's A~enda <br />Purpose: To begin to prepare Kurt for discussions with Jon and Execs around a strategy for achieving <br />long-term financial stabiliry for the Oc~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/montl~/household = $1 million/year) <br />v 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 optioris (IGAs, ???) <br />D. Combination of the above <br />3 Sequence of Upcoming Discussions <br />A. Kurt et. al. meet witfi 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 Assi~nments Who B.~ <br />1. <br />2. <br />3. <br />