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08-21-23-WS
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08-21-23-WS
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8/18/2023 8:09:10 AM
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Page 1 of 1 <br /> <br />AGENDA ITEM – 3C <br /> <br />MEMORANDUM <br /> DATE: August 21, 2023 TO: Honorable Mayor and City Councilmembers FROM: Dave Perrault, City Administrator SUBJECT: Franchise Fee Discussion <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> For Council Consideration <br /> <br />Council should consider providing direction on moving forward with Franchise Fees. <br /> <br />Background <br /> <br />At the last worksession, the City Council discussed the use of Franchise Fees to help support the <br />Permanent Improvement Revolving (PIR) Fund. The City’s financial advisor, Ehlers, has put <br />together a memo on the topic and will be present to give an overview and answer questions. <br /> <br />If the Council is supportive, further discussions will need to be had with Xcel, and the Council may <br />want to consider what marketing activities need to take place to help inform and educate residents. <br /> <br />Budget Impact <br /> <br />N/A <br /> <br />Attachment <br /> <br />Attachment A: Ehlers Memo on Franchise Fees <br />
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