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CIP Funding Update –Cont’d <br />–Does Council want to move forward with implementing a <br />Franchise Fee? <br />•A separate public hearing is not required <br />•Where should these funds be directed to? <br />–Should this go towards the Public Safety Capital Fund –or- <br />–Should this go towards the new fire station only –or- <br />–Something else? <br />•Timeline <br />–Levy Increase: Set Preliminary 2025 levy at end of Sep 2024 <br />–Franchise Fees: Adopt ordinance with Xcel Energy by Oct 1, <br />2024 for 2025 Implementation <br />10