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PIR Fund — Suggested Changes with Franchise Fees <br />w <br />$3.0 <br />e <br />$25 <br />$2.0 <br />$LS <br />SLO <br />SOS <br />Sao <br />2024 2025 Zo26 2027 20M 2029 2030 2031 2032 2033 <br />Equipment Fund — Suggested Changes with Franchise Fees <br />im <br />Ssm.O <br />m <br />0 <br />r <br />S4010 <br />M.0 <br />$0.0 <br />2024 2025 2026 2027 2028 2029 <br />Public Safety Capital Fund — Suggested Changes with Franchise Fees <br />w <br />51A <br />O <br />$0.g <br />C$0.6 <br />$OA <br />$0.2 <br />$0.0 <br />2024 2025 2026 2027 2M 2029 20M 2031 2032 2033 <br />Should Council want to consider moving this forward, direction will be needed on if, and what type <br />of, public engagement will be needed. No public engagement needs to happen, it can be done by <br />ordinance and updated agreements with Xcel, but the last time Franchise Fees were considered by <br />the Council they were voted down largely due to public opposition. Regarding timing, if Council <br />decides to move forward with a Franchise Fee, it does not need to do that by the end of 2023, it can <br />be done any time, but Staff would recommend having it in -place no later than end of 2024. Should <br />Council decide to increase the tax levy, it would need to be done in -conjunction with the <br />preliminary levy at the end of September, or it would need to wait until next year. Staff believes <br />either option would be acceptable, but would not recommend waiting beyond 2024 to shore up the <br />Page 3 of 4 <br />