City Council Agenda and Packet 2019 05 28 SP

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SUBJECT: TRANSPORTATION MASTER PLAN PRELIMINARY PROJECT LIST DATE: MARCH 28, 2019 PAGE 4 OF 5 TMP Funding Scenarios: Three funding scenarios have been included in the spreadsheet to understand what the City could accomplish depending on what funding is dedicated to TMP implementation. This is intended as an exercise to aid in discussion is not intended to lead to final determinations on project prioritization or funding options. The three scenarios outline what projects could be funded through a Current State, Expanded Investment state, and Enhanced Funding state. The scenarios show short to medium term funding over a period of 6 years. Since this is a 20-year plan, consideration can be giving to longer term funding scenarios, but for the purpose of this preliminary review we are focusing on our typical 6-year CIP cycle. The funding scenarios were derived using the following assumptions: Current State: This funding scenario assumes the City will include in its budget $1.5 million each year for 6 years. This was based on the current CIP budget plans, under which the City has provided similar funding ($8 million over 6 years) to help support the implementation of the TMP. In addition, this reflects a similar level of investment that the City has made over the past few years for transportation improvement projects (excluding paving) such as Railroad Quiet Zones, SH 42 underpass, studies, neighborhood traffic safety, etc. This reflects funding that may or may not include some small portion of grant funding and partner agency funding. Expanded Investment: This scenario includes an annual budget appropriation of $3 million, or $18 million over 6 years. This would most likely require an increased investment by the City (over current investment levels), and/or the possibility of significant grant or outside funding to expedite project implementation. Enhanced Funding: This scenario includes an annual budget of $5 million per year, or $30 million over 6 years. It represents a continued City investment at the current level, and a significant investment in transportation that would likely occur through a state, regional or local ballot issue, fee, tax or other new funding source. Under this scenario, there could be the possibility of bonding to provide for an up -front investment in transportation. Staff have not conducted the payback analysis on a potential bond at this time. Maintenance/Operational Costs: The maintenance costs of many projects would be minimal, but for other projects there could be increased operational costs either at the front end of the project (for engineering, project management, etc.) or for maintenance of the facility once constructed. This estimate could fluctuate over time, but represents the need for a concurrent operational investment to ensure these needs can be adequately addressed. CITY COUNCIL COMMUNICATION