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themes included bike lanes, park and trail improvements; structures and road maintenance; storm water system maintenance and utility infrastructure; fire station. Respondents also provided their concerns and additional comments for Council consideration. Some common concerns shared is that an increase to property taxes would burden taxpayers and would remain in effect indefinitely. Additionally, some respondents shared that non -profits should be assessed a fee in lieu of taxes, which would mean assessing a levy increase on residents and imposing a franchise fee on non- residential and non-profit organizations. Additional Information and Considerations: Staff prepared additional analysis to include the impact of a franchise fees and/or property tax increase to manufactured homeowners, apartment renters, and commercial properties per Attachment D. Below is an example of the impact to a manufactured homeowner. In order to generate $455,000 of revenue for the City, a $37,200 average manufactured homeowner would see an increase of: • $3.86 per month on their utility bill under an electric -only franchise fee scenario —or- $5 per month on their utility bill under both a gas & electric franchise fee scenario —or- e $1.52 per month on their property tax bill under a bonding scenario, where property taxes are levied to pay back the bond Monthly Impact on Manufactured Homeowners (MH) Franchise Fee and/or Property Tax Increase Home Cost per Home Market Franchise Fee C - Property Tax Value A- Electric Only B- Gas & Electric Increase' #of Homes Total Cost $ 5,300 $3.86 $5.00 $1.16 57 $ 66.12 $ 13,100 $3.86 $5.00 $1.25 54 $ 67.50 $ 27,000 $3.86 $5.00 $1.40 54 $ 75.60 $ 37,200 $3.86 $5.00 $1.52 54 $ 82.08 $ 55,200 $3.86 $5.00 $1.72 54 $ 92.88 $ 172,800 $3.86 $5.00 $3.93 1 $ 3.93 Each monthly scenario would generate $455,000 annually 1: Includes an equal share of MH Park Land Property Taxes 274 $ 388.11 In July, Council will review a proposed Capital Improvement Plan (CIP). Council may want to direct Staff on how it wants to see funding allocated for the proposal, or Council may want to see the updated draft plan and then decide how to allocate funding. Council may also want to discuss what, if any, additional public engagement is needed. A separate public hearing for franchise fees is not required, the City can choose to approve ordinances and a franchise agreement with Xcel Energy. If Council decides to move forward with a franchise fee, Staff recommends having it in place no later than October 1 for implementation in 2025. If Council decides to move forward with a levy increase, it would need to be done in -conjunction with the preliminary 2025 levy at the end of September. Staff will need direction in July on how to proceed forward. Page 3 of 4