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Next Steps: <br />• If we are continuing to move forward with franchise fees, staff will work with the City Attorney’s <br />office to negotiate a Franchise Ordinance w/ both Xcel and Centerpoint and bring that back for <br />Council approval in the coming months. <br />• Unless specified by Council, staff will work within the revenue goal and fee level estimates <br />currently in play. <br />• If we are not moving forward with franchise fees, staff will need to rework the budget and levy to <br />offset the franchise fee revenue currently budgeted. Council direction needed to determine which <br />cuts are preferred. <br /> <br />Additional information from Xcel is attached for reference.