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PIR Fund — Suggested Changes with Franchise Fees <br />s3.a <br />C 52,5 <br />S2�a <br />$15 <br />Si 0 <br />$os <br />SD.Q <br />2024 2025 2026 2027 2029 2029 2030 2031 2032. 2033 <br />Equipment Fund — Suggested Changes with Franchise Fees <br />Sraaa. a <br />S�aa. a <br />�4aa, a <br />�Zaa, a <br />50.0 ■ <br />2024 2025 2026 2027 2028 2029 <br />Public Safety Capital Fund — Suggested Changes with Franchise Fees <br />w <br />51.0 <br />Q <br />$0.8 <br />SOL <br />SOA <br />S0J <br />S0.0 <br />2024 2025 2026 2027 2028 2029 2M 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 />