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Regular City Council Meeting Monday, September 18, 2017 Page 11 CIP: PMP (Attachment A) Chair Schroeder stated that the commission realized that the City Council wasn't going to approve the long-term CIP, but continued to provide this breakdown an- nually including their recommendations for the big and smaller picture to contin- ue the evolution to accomplish sustainability. Mayor Roe asked if there was a larger increase in the next few years to obtain a good fund balance without ongoing annual levy increases that would provide CIP sustainability. Mayor Roe stated that he preferred to see decisions made early on, such as in the next year or two, to level the CIP out, particularly in the Pavement Management Program (PMP). Chair Schroeder advised that the commission had looked at numerous assump- tions for each of the funds (eight different charts per fund), but had chosen this chart to show the City Council and taxpayers for awareness of other pieces to the levy. Mayor Roe noted that this assumption showed a number of increases over the first few years, then static, then increases again. Commissioner Bachhuber noted that after 2020, there would be a better sense, with the caveat that interest assumptions and markets would also impact the CIP and require readjustments accordingly. Commissioner Hoder noted that during the commission's exercise, smaller ad- justments made over time were better than the shocking shortfalls similar to those of 2008. Therefore, Commissioner Hoder noted the need to have reserves at an adequate level so that when decisions that heavily impact taxpayers at critical junctions are needed, with the set aside funds there would be no big jumps during those times of destabilization. Mayor Roe asked that after three years, the commission annually revisit and rerun their projections. Chair Schroeder advised that the commission currently reviewed them annually as part of their scope of duties. CIP: General Facilities (Attachment B) Commissioner Harold advised that the OVAL had not been reflected in this com- mission-recommended scenario 6 as it anticipated expenditure efficiencies. Commissioner Bachhuber suggested that this is the time for the city to initiate lobbying efforts with the State Legislature for the bonding bill that may require several cycles for resolution to assist with OVAL expenditures at this regional fa- cility.