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• • Example l: Creation of New Pedestrian Bridge: • Cash Contribution— It would be appropriate to pay for planning and project preparation costs out of existing City funds/budget. The understanding of the community needs, the potential value added and project costs can be covered by the City Departments. Since the benefit for this project will incur to future residents, it is appropriate to consider outside fund sources or commitment of future funds. • Future Fund Sources — In this case there is evidence of a future regional and community benefit. Appropriately placed pedestrian bridges allow for non- motorized movement of people. These people can be current residents,or future residents I workers within the community. Outside funding sources can include; o Grants o Contributions from Surrounding Residents / Businesses o Assessment for Improvement District o General Obligation Bonds o TIF is not an option(State Exclusion) • Project Valuation Assessment o Criteria: • Numbers of residents impacted (residents on either side and possible destinations) ID • Frequency of movements (survey of current pedestrian movements on route) • Current Value of Businesses on proposed route benchmarked against similar business on route with existing pedestrian access • Projected life of the community asset (depreciable life) • Potential for ancillary redevelopment along the proposed route (e.g. percent of property with development greater than 30 years).\ o Cost Pro-Forma • Comparison costs to other regional assets • Pro-Forma opportunity costs (is there a property value premium for locations near to pedestrian bridges) o Historical Experience • Accident report • Anecdotal complaints • Community survey(business and residents) • Comparable experiences in other communities •