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Regular City Council Meeting Monday,August 17,2015 Page 5 strategies, use of park dedication fund, and a review of the water and sewer rate structure. Chair Schroeder noted that some recommendations would require significant time by the City Council for their review, while others less time, but next steps and/or follow-up at the discretion of the City Council. In Attachment A (Financial Policies) Chair Schroeder noted that revisions includ- ed terminology updates, as well as combining several similar policies. Chair Schroeder advised that there were no major changes and asked for City Council approval of modifications as presented. In Attachment B (CIP Funding Strategies) Commissioner Rohloff reviewed the revised plan from the Commission. Commissioner Rohloff noted that the Com- mission found certain areas of the CIP woefully underfunded, yet provided twen- ty-four different scenarios for different ways to make funds sustainable over the next twenty years, as found in Exhibit B-4 showing all twenty-four scenarios and related charges. Commissioner Rohloff advised that the Commission voted on how to bring the Pavement Management Plan (PMP), Park & Recreation Depart- ment's Park Improvement Plan (PIP), and the General Facilities in line. Commis- sioner Rohloff noted that each of those recommendations provided the base plan at the top of the page, followed by the Commission's recommendation. While the Commission recommends review and subsequent approval by the City Council, Commissioner Rohloff advised that the Commission recommended an annual re- view going forward. Regarding Attachment C (Park Dedication Funds) Commissioner Bachhuber re- viewed the fund in light of current CIP needs and funding challenges, as well as the background of the fund traditionally used for acquiring new park assets, build- ing trails or adding green space. Commissioner Bachhuber advised that the Commission was recommending that this fund also be utilized for maintenance of current park infrastructure since it represented a tremendous asset for the City, with ongoing challenges in maintaining that infrastructure. Commissioner Bachhuber suggested rethinking the park dedication fee policy — depending on regulating parameters around those assets—to address maintaining existing assets versus acquiring more unless considered under separate consideration by the City Council as a whole, but otherwise to not use those funds for new acquisitions. Regarding Attachment D (Water and Sewer Rate Structure), Commissioner Byrne noted the differences in municipal utility rate structures compared with her career in regulating private utilities and her analysis of electric and natural gas rates, providing a unique perspective. Commissioner Byrne reviewed general rate de- sign goals and how to build rates to achieve ongoing resources for investing in those utilities, typically based on four principles. While recognizing many paral- lels, Commissioner Byrne reviewed them specifically and individually as applica-