City Council Agenda and Packet 2021 05 04

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City Council Meeting Minutes April 13, 2021 Page 4 of 5 Mayor Pro Tem Maloney agreed more detailed design work is needed to have better estimates on the costs. He reminded people that if the estimates are off, the backstop will be the General Fund. Councilmember Brown stated he supports moving this forward as they won't happen without this additional revenue from a ballot question. We should prioritize the amenities our residents want. Councilmember Fahey stated she would like to be sure we can deliver on what we ask the residents to support, so perhaps start small. City Manager Balser stated bond counsel's advice is to leave the language in the ballot issue broad but use a resolution to list the intent on how it would be spent. Mayor Pro Tem Maloney noted the $1.3M needed for bonding is not in the 2022 budget so cuts elsewhere would be needed. Councilmember Leh stated the ballot language should be as broad as possible and if we can get design and cost details earlier in the process we should do that. Mayor Stolzmann stated she feels there is enough design information to move forward to ask the voters if they want to do this. Councilmember Brown agreed the Power Line underpass should be included in whatever package moved forward. He also feels there is enough design information to put this question to the voters. Members decided on a package of six underpasses, but did not determine the priority. • South Boulder Road/Main • Dillon Road/Power Line Trail • Bullhead Gulch/BNSF Tracks • Short Street/Hwy 42 • South Boulder Road/Via Appia • South Boulder Road/Hwy 42 Members agreed to move forward with a hybrid approach of bonding against current revenues and a property tax increase. Councilmember Dickinson noted that any money taken from the CIP for bonding will require reducing the CIP projects by that amount. Councilmember Lipton asked if the General Fund can be used to pay for this. Director Watson stated Council could do that but it would affect ongoing expenses. Councilmember Lipton stated he would prefer looking for money internally as much as possible before asking residents to raise taxes. 13