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CIP Funding Update <br />•May 13 City Council Work Session <br />–April 20th Open House survey results shared with Council <br />–Staff shared analysis regarding impact to property owners <br />•Anticipated Capital Funding Gap estimated to be <br />$525K annually based on preliminary 2025-2029 CIP <br />Budget <br />•Additional Council Direction Needed <br />–Does Council want to move forward with a levy increase? <br />–Does Council want to move forward with implementing a <br />Franchise Fee? <br />9