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WS — Item # 1 WORK SESSION STAFF REPORT Work Session Item No. 1 Date: November 18, 2013 To: City Council From: Michael Grochala Re: Public Improvement Financing Presentation Background The City's Pavement Management Plan was updated by WSB and Associates and presented to the City Council at the August 5, 2013 work session. The plan is used to guide preparation of the City's annual Pavement Management Program and budgeting decisions. Since 2004 the city has continued to increase efforts for preventative maintenance (sealcoating) and preservation (overlays). Street reconstruction is the only element of the program that has not advanced. In light of the failure of the 2012 Charter Amendment the council has requested options available to the city to initiate a reconstruction program. As discussed at the August meeting the next step in the program evaluation is the public improvement financing presentation. The purpose of the presentation is to provide an opportunity for elected officials and community members to gain a thorough understanding of the statutory authority and tools available to the City for making public improvements. The scheduled presentation will consist of an informative review of the procedural requirements for special assessments including both State Law and City Charter provisions, the financing options available to the city and provisions specifically related to street reconstruction. The meeting will focus on state law and charter provisions that are in place today. The meeting is not intended to be a debate on the merits of the Charter provisions, past practices or whether changes are needed. Rather staff's goal is to identify financing alternatives which will lead to a future policy discussion by the council to determine a preferred method for financing street reconstruction projects. Requested Council Direction None requested. This meeting would be followed by a policy discussion to determine a preferred method for financing street reconstruction projects. Attachments 1. Summary of Financial Tools