City Council Study Session Summary 2014 06 10

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City Council Study Session Summary June 10, 2014 Page 3 of 3 financial benchmark. In addition, a program can be funded through donations (private, civic or corporate), grant opportunities and as a private development requirement. There are many community benefits including creating a sense of place, providing an amenity accessible to all and distinguishing a municipality from neighboring communities. Council member Lipton suggested staff do a fiscal analysis to see what the funding mechanism amount would bring in. City Manager Fleming suggested staff could prepare an analysis to look at during the Budget Retreat. Mayor Muckle said public art is working in many cities, large and small and he thinks it should be a priority. Mayor Muckle thanked Janssen for her presentation. Update/Discussion Fiscal Model Update: Planning and Building Safety Director Troy Russ led a discussion related to the Fiscal Model. Planning recently issued a request for proposals (RFP) for the creation of a marginal cost fiscal model to replace the current average cost fiscal model the City currently uses. st The RFP was discussed at the April 21 Finance Committee. Staff is bringing the Fiscal Model discussion to the Study Session to see what questions Council may have about the marginal cost fiscal impact model and how it differs from what is currently being used. Council discussed the two models and the information they provide. They discussed the value of using both models. Council would like staff to bring proposals for consideration to the June 17 City Council meeting. City Manager City Manager Malcolm Fleming reviewed the Advanced Agenda. He also gave an update on the following: McCaslin Underpass City Services Facility Reconstruction progress of Coal Creek Golf Course Adjourn 9:40 pm Submitted by Dawn Burgess June 11, 2014