Revitalization Commission Agenda and Packet 2022 11 09

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Revitalization Commission Minutes October 12, 2022 Page 3 of 5 minutes, be presented to City Council on November 1, 2022 and return to the LRC for final approval on November 9, 2022. There was an interruption to Internet service and the meeting paused until services were restored at 8: 31 am. 2023 beginning fund balance is $2,918.799. Staff proposes increasing the Fagade Improvement Program to $300K and included funding for four capital projects that were proposed during the September meeting. The City Manager noted that close attention was paid to the last LRC meeting and the LRC/City Council joint meeting while discussing recommendations for the budget with DCI and developing this proposed budget. LRC funding can help with projects that were under the CIP fund which fall under the URA definitions to reduce the time to complete projects and increase the success with getting contractors and bids with bigger contracts. Chair Adler called for commissioner questions. Commissioner Smith proposed the commission start with the nine items on the budget that are able to change. URA Marketing Strategy Commissioner Williams asked for clarification on what this funding is to be used for. This funding is for public outreach and communications. Councilmember Leh asked for clarification on the process to amend the budget after it's approved. The City Attorney said the amendment process is similar to the approval process — a request comes from the LRC and is reviewed and approved by City Council, returning to LRC for final acceptance. There was a discussion on renaming the budget line item to cover project strategy and modify the amount budgeted for this line item. Chair Adler said that consulting services are needed to determine what the project strategy should be and the process for identifying projects. Councilmember Leh suggested using the language discussed in the joint LRC/City Council meeting and not be limited by the assumptions Council may make about CIP and the General Fund. Council has given LRC discretion on how to manage the budget. Commissioner Smith mentioned that special project identification will come from the DCI report, which has 5-6 catalytic projects and spend the marketing strategy funding on public outreach for these projects. There will also be a 10% programming effort to get costing and project plans put in place for 2023 for project execution in 2024. Agenda Packet P. 5