Road funding options were last discussed at the May 22 Council work session (see minutes on Council consent agenda).  Previously, this topic was also recently discussed at the March 27 and April 24 work sessions.  At these sessions, the City Council reviewed draft scenarios of possible future debt for the next 10 years which included funding for roads, capital equipment and a public works campus.  Staff also presented the net debt impact if road related debt was removed and other funding was identified.  The Council previously adoprted a public improvement assessment policy in 2014, and has constructed several projects using this method.  The accumlation of  general obligation debt, using the assessment method to reconstruct all City roads in the future, is one of the issues that needs to be addressed.

Staff would like to continue the discussion of other road funding opportunities and review a possible timeframe for community engagement regarding the road funding issue.

Attached is a proposal from WSB Engineering to do a review of financing options and a citizen engagement procees over a six-month period to identify the best funding options.  This period of time would allow for a thorough discussion of the issue among all stakeholders as layed out in the attached plan.