25C - AGMT - STORMWATER STUDY - Laserfiche WebLink

Home Browse Search

Stantec Consulting Stormwater Funding Feasibility Study Proposal rate revenue stream (using fees, taxes, or other mechanisms that will be explored in Task 3). Our team will work interactively with City staff to validate our financial planning findings during a Financial Planning Workshop. 'financial Planning Workshop 'reliminary revenue requirement results as presented in workshop tandouts Task 3. Stormwater Enlorprise Funding Assessment In Task 3 our team will assess the stormwater funding options available to the City and work with staff to evaluate the best path forward given the availability of data, ease of implementation, and what is most appropriate given the needs and characteristics of the City. As previously discussed, there is no 'obvious' solution for stormwater funding. Some approaches are easier to Implement but perhaps subject to legal challenges. Other approaches are legally robust but less certain to succeed (such as passing a stormwater tax). Addressing stormwater funding for a city first requires an assessment of the city's specific stormwater program and how it affects (and is affected by) other city services. In some Instances, innovative funding solutions (or partial solutions) can be found through "out of the box' thinking. Examples include arrangements with the street sweeping program to recognize the impact of street trash on total maximum daily loads (TMDLs); water conservation fees that provide funding for reducing irrigated runoff; and Low Impact Development (LID) ordinances fees for developments in which permeable surfaces are replaced with non - permeable surfaces. To this end, our team will develop a whitepaper that will address multiple feasible stormwater funding options, which may Include interfund transfers, property taxes; utility/user fees; special assessments; special taxes, and development fees. As part of this effort, our team will also research the stormwater funding mechanisms utilized by neighboring communities and the rate structure utilized to fund their stormwater programs. A draft Stormwater Funding White Paper will be submitted to the City for review and comment, then will be finalized based on City input. r Meetings Conference calls, as needed Task, 3 Deliverables Draft and Final Stormwater Funding White Paper Task 4. Stonnwater Funding Implementation I'lon Following Task 3, the City will decide which stormwater funding strategy to pursue. Based on this decision, our team will develop an implementation plan for executing the funding strategy. This implementation plan will include a Road Map which will define the process that needs to be followed and milestone dates associated with those steps. Given the wide range of possibilities for the stormwater funding, the scope of work and budget for Task 4 will be developed at a later time. For example, one funding approach may require a cost -of -service analysis and protest hearing process, while another may require a tax initiative and vote campaign. Task 4 Meetings & Deliverables Pager3 of 4 25C-7