|
Item 3.
|
| City Council Work Session | |
| Date: | 03/15/2021 |
| Title: | Trust For Public Lands - Conservation Finance Feasibility Study |
| Presented by: | Mike Whitaker, Parks, Recreation & Public Lands Director |
| Department: | Parks/Rec/Public Lands |
| Presentation: | Yes |
RECOMMENDATION
Information presentation
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
In a letter dated October 19, 2020, from Mayor Cole to David Weinstein with the Trust for Public Lands, the City requested technical assistance from the Trust for Public Lands with efforts to finance parks, trails, open spaces, and other conservation priorities. As a result of this request, the Trust For Public Lands developed a Conservation Finance Feasibility Study dated November 2020 for the City of Billings, see Attachment A. This study conducted a feasibility analysis to explore public funding options to support parks, trails, open space, and recreation throughout the city. It analyzed several possible alternatives including allowable rates and limits, implementation procedures, and revenue-raising capacity. The study focuses on the options that present the best opportunities for financing in Billings. A presentation will be made to discuss the findings of the study with the Council.
ALTERNATIVES
No alternative
FISCAL EFFECTS
No fiscal effects