City Council Study Session Summary 2008 08 12

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City Council Study Session Summary August 12, 2008 Page 4 of 5 the City's cost is estimated at $1.3 million and the rest of the cost would come from Federal funds and CDOT. Mayor Sisk asked if the work would be done during off hours. Public Works Director Tom Phare said that there would probably be lane restrictions so as not to slow done the project. 5. UpdatelDiscussion - Revenue Stability - City Manager Fleming gave a brief introduction about the Revenue Stability Workgroup. He said that they have a resolution that the consortium has agreed upon which would result in a City that is developing retail would keep 60% of the sales tax generated and 40% would be split with the other cities in the consortium. Mayor Pro Tem Sheri Marsella who also is a member of the workgroup said that she felt it was a step back and that she was hoping for a more concrete and comprehensive plan. Her concern is that this will involve more side agreements between neighboring communities. Mayor Pro Tem Marsella said that she does agree with the points of the plan. Councilor Sackett stated that it was ok not to come up with something Mayor Sisk stated that his understanding was that all the cities in the consortium had agreed with the resolution and if the plan was changed then the risk would be that some of the cities would drop out of the plan. City Manager Fleming stated that if the plan works and is followed by the cities along the Front Range and/or the state then it would be more beneficial. Mayor Pro Tem Marsella agreed that the plan would be better if the area was bigger. 6. City Manager Items- City Manager Fleming referred to the Advance Agenda. City Manager Fleming pointed out the Special Budget Meeting scheduled for October 2nd. Councilor Frost Yarnell and David Clabots said that the date conflicted with Boards that were liaisons to. City Manager Fleming said that they would check October 1st to see if that would be a better date to hold the meeting. Councilor Bob Muckle asked about the Energy Home Audits. Assistant City Manager Balser said that the City had done the energy home audits but that there was a waiting list and Boulder County offered 19 more audits for $2500, which would allow audits for the people on the wait list. Assistant City Manager Balser stated that next year the Audit cost would increase so the City Manager felt it was a good use of the money in the City's reserves. Councilor Muckle asked about the Renewable Energy resolution on the Advance Agenda. Assistant City Manager Balser said that it was a resolution related to House Bill 08-1350 and would allow the City to be a participate in Boulder County's financing programs for renewable energy and energy efficiency capital improvement projects.