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SUBJECT: JOINT CITY COUNCIL/REVITALIZATION COMMISSION DISCUSSION <br />DATE: MAY 25, 2021 <br />PAGE 3 OF 3 <br />FISCAL IMPACT: <br />The LRC is evaluating potential funding scenarios for the $50M 2021 TMP ballot <br />measure under consideration by City Council. Specific financial impacts are not known <br />as this time, but are being developed. <br />PROGRAM/SUB-PROGRAM IMPACT: <br />The potential collaboration between the City and LRC for TMP underpass infrastructure <br />supports the Economic Prosperity Program goal to facilitate investment and produce <br />reliable revenue to support City services. <br />RECOMMENDATION: <br />Report is for information only. <br />ATTACHMENTS: <br />1. May 4, 2021 City Council Materials <br />2. May 6, 2020 LRC Materials, 2019 Year -End Update & 2020 — 2024 Projections <br />3. 2021 LRC Adopted Budget <br />4. LRC 2021 Work Plan <br />STRATEGIC PLAN IMPACT: <br />0Financial <br />Stewardship & <br />Asset Management <br />Reliable Core Services <br />• <br />Quality Programs & <br />w Amenities <br />0EN <br />Vibrant Economic <br />Climate <br />•gi;h1 <br />Engaged Community <br />Healthy Workforce <br />• <br />• <br /># Supportive Technology <br />Collaborative Regional <br />Partner <br />• <br />• <br />CITY COUNCIL COMMUNICATION <br />Agenda Packet P. 4 <br />