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City Council <br />Meeting Minutes <br />October 23, 2018 <br />Page 4 of 8 <br />Finance Director Watson noted the Capital Projects Fund projection depletes in 2022 <br />City Manager Balser noted there are lots of ways to address this, cuts from CIP, reduce <br />expectations around the Transportation Master Plan (TMP) and Middle Mile Fiber <br />Project, or a reduction of reserves. <br />Mayor Pro Tem Lipton noted this should be evaluated year to year He had no appetite <br />for continuing to cut capital projects one by one. Two big projects to cut would be the <br />TMP and the Middle Mile to allow time to obtain more information <br />Mayor Muckle agreed but noted there is a desire to spend on transportation projects <br />and fiber He agreed it was not productive to cut projects to spend on two large ones <br />He was in favor of not putting more money in transportation and fiber until there was <br />more information, back off on the transfers from the General Fund rather than cut the <br />projects planned He was concerned Open Space acquisitions could not be pulled from <br />the General Fund if it is depleted in the out years. <br />Councilmember Stolzmann felt it was important to ask staff to budget projects in the <br />year they know they can get them done. Account for things in the right year City <br />Manager Balser noted there is always conversation and expectation to get projects <br />done in the year they are budgeted <br />Councilmember Stolzmann thought the TMP was a citizen priority She suggested the <br />new services and enhancements should be cut in favor of continuing to provide the <br />existing services in a good way She felt the importance of the Middle Mile project has <br />escalated with the new information received Mayor Pro Tem Lipton noted the TMP <br />could be considered new <br />Councilmember Stolzmann didn't want to see the Capital Project Funds low in the out <br />years and felt there was an obligation to cut projects or delay them to increase that <br />reserve. <br />Councilmember Loo said she was concerned about the General Fund estimate. She <br />was in favor of keeping the study for the Middle Mile. For at least the next two years, <br />she thought it was okay to reduce spending on TMP while leaving enough money if <br />there is a need to move quickly on a shovel ready project for partnering Reducing TMP <br />now could be a good interim solution <br />Councilmember Maloney was reticent to cut things already agreed upon to be replaced <br />by things proposed at the eleventh hour While he is in favor of Middle Mile, it is not <br />clear yet. The TMP is important and will come back with a lot of worthy projects. He <br />would like to go back to $4 million for the TMP and take out Middle Mile, do the study <br />and define what we do for fiber The current budget doesn't allow acquiring any open <br />space and he is uneasy with that. <br />Councilmember Keany noted there are projects that help to define downtown He <br />wondered if an underpass on South Boulder Road was a high priority in the community <br />