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Sefore pursuing the use of these alternative revenue sources, the City would need to affirm whether it has <br />the legal authority to enact them. If the Council is agreeable, City Staff can work with the City Attorney to <br />determine whether they are permitted. <br />The Council is asked to provide feedback on their general acceptance to these new revenue sources. If the <br />Council is unsupportive then there is little reason to pursue them further. <br />City Staff will be available at the meeting to provide some general comments and address any Council <br />inquiries. <br />POLICY OBJECTIVE <br />The use of varied revenue sources provides greater stability in preserving programs and service levels, and <br />can produce a more equitable distribution of program costs. This is further supported in the Council- <br />adopted Revenue Policy. <br />FINANCIAL IMPACTS <br />The potential revenues that could result from implementing these new funding sources vary substantially, <br />but could be significant and may allow the City to preserve program and services at current levels. <br />STAFF RECOMMENDATION <br />Staff recommends the continued diversification of revenue streams to support City programs and services. <br />REQUESTED COUNCIL ACTION <br />City Staff is seeking direction on whether to pursue the alternative revenue sources identified above. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: City Revenue Policy - Adopted 2/25/08. <br />Page 2 of 3 <br />