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Regular City Council Meeting Monday, November 13, 2017 Page 7 As the City Council is aware, Commissioner Holder noted the CIP priority dis- cussions held, with some still pending. Commissioner Zeller agreed that prioritization remained problematic, but the commission's goal was to look at the bigger picture for the city's long-term in- vestments, and subsequently trying to relay that message in its recommendations about CIP priorities. Mayor Roe clarified that he didn't expect the commission to be experts on specif- ic city assets and their longevity related to CIP prioritization, but instead sought a range in how to analyze those long-term, 20-year CIP assumptions. Mayor Roe commended staff for their diligent annual review of adjustments to be made in the CIP. Discussion ensued related to philosophical points of view related to the use of re- serves. Recommendation on the Water& Sewer Rate Structure In the commission's review of the city's base rate structure for utility functions, Finance Director Miller reviewed the conclusion and subsequent recommendation as outlined in lines 84— 111 of the RCA 9pages 2 and 3). City Staff Recommendations on the 2018 Property Tax Levy and Excess TIF Finance Director Miller advised that staff would bring the commission recom- mendations to the December 4, 2017 City Council meeting for formal action as applicable. Regarding staff recommendations specific to use of excess tax increment financ- ing (TIF) funds, Finance Director Miller advised that while the City Council de- liberates how best to use these additional funds, the monies — upon receipt — would remain in the General Fund until that direction was given to staff. Councilmember Etten cautioned that those additional funds in the General Fund would inflate the reserves. Without objection, Mayor Roe noted that the council directed the Finance Com- mission to look at uses for excess TIF funds, taking into consideration the staff recommendation to use the funds to further reduce the Golf Course Clubhouse construction internal loan needs. b. Consider Adopting the 2018 Utility Rate Adjustments Finance Director Miller briefly summarized 2018 utility rates as detailed in the RCA of today's date. Mr. Miller noted rate structure summaries and a draft resolution included in the materials for council member review and consideration.