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Regular City Council Meeting Monday, October 24,2011 Page 6 Johnson moved, Pust seconded, receipt of a 2012 Budget Fact Sheet (Attachment A) depicting the ESTIMATED financial impact on varying home values based on the 2012 preliminary tax levy; proposed utility rate increases; and debt service impacts from the proposed bond financing for a new fire station and various park improvements. Roll Call Ayes: McGehee; Willmus; Johnson; Pust; and Roe. Nays: None. 8. Consider Items Removed from Consent 9. General Ordinances for Adoption 10. Presentations 11. Public Hearings a. Public Hearing to Amend the City's Redevelopment Plan and Industrial Dis- trict#1 Plan in Conjunction with the Sale of Bonds to Finance the Construc- tion of a New Fire Station and Park Improvements Finance Director Chris Miller introduced this item, as detailed in the Request for Council Action (RCA) dated October 24, 2011; and the background of the request to-date related to the Parks and Recreation Master Plan Implementation process and to provide for City Capital Improvement Program (CIP) needs. Mr. Miller noted that discussion on the City's fire station needs have been occurring for the better part of a decade, and how to approach the community's long-term emer- gency service needs; as well as how to address long-deferred CIP infrastructure needs. Mr. Miller advised that those discussions had also included numerous open houses, community forums, City newsletter and on-line information on the City's website. Mr. Miller noted that tonight's Public Hearing was subsequent to the City Coun- cil's direction to staff to proceed with replacement of Fire Station No. 1 and the first phase of the Park Master Plan Implementation Program of approximately$19 million, with $2 million allotted to the Parks Implementation Program and $8 mil- lion toward a new Fire Station. Mr. Miller advised that subsequent bond issues specific to the park system were proposed in 2012 and 2013. While legal counsel was satisfied that the City's current Redevelopment Plan and Industrial Development District #1 Plan, in the interest of being extra-transparent and extra-careful about the City's intentions, an amendment was being brought forward to the Plan that would specifically call out redevelopment activities for a new fire station and addressing the first phase of park improvements outlined in the Park Master Plan.