[bouldercouncilhotline] Hotline: Staff Proposed Three-Year Option for Capital Tax Renewal

[cmosupport at bouldercolorado.gov]

Sender: Wagner, Joel

Good Morning All,

Staff has prepared the following three-year option in response to Councilmember Shoemaker's request. This package generally includes the highest priority city projects that are furthest along in the planning process and includes projects that had high levels of support from the committee. Staff views this package as the "key deficiencies and safety" package, as it has fewer of the broader community benefits achieved by the longer-term options. The proposed community projects have a high level of alignment with city goals and objectives and serve a broad cross-section of the community.

A drawback as currently configured, provides less funding for fire station 3. It would allow for acquisition and design of the station, but falls short of the total anticipated construction cost. The balance of the costs would have to come from DET and some other source from the general fund.

We have added this option to tonight's presentation and look forward to your questions.

Option #4: Three-Year Renewal

City Projects

Department

Total Project

Recommended Funding

% of Total

Citywide Radio Infrastructure

Public Safety-Police

$6,000,000

$6,000,000

20.7%

Relocate Fire Station #3

Public Safety - Fire

$13,000,000

$8,000,000

27.6%

Scott Carpenter Pool Replacement

Parks and Recreation

$12,200,000

$4,200,000

14.5%

Fourmile Canyon Creek Greenways Improvements (19th to Broadway)

Greenways

$12,100,000

$4,250,000

14.7%

Public Art

Arts and Culture

$1,500,000

$600,000

2.1%

Deferred Facilities Maintenance and Upgrades

City Service Facilities

$4,800,000

$2,200,000

7.6%

Total City Projects:





$25,250,000

87.0%


Community Projects

Community Priority Area

Total Project

Recommended Funding

% of Total

Growing Gardens

Local Food

$714,000

$87,000

0.3%

Community Cycles

Alternative Transportation

$2,250,000

$822,500

2.8%

Meals on Wheels

Senior Services

$5,100,000

$1,600,000

5.5%

KGNU

Arts and  Culture

$2,500,000

$1,250,000

4.3%

Total Community Projects:





$3,759,500

13.0%


Total Three-Year Package





$29,009,500

100.0%


Contingency





$1,000,000

Debt Service





$1,000,000


Total





$31,009,500


Regards,

Joel and Jean



Joel Wagner
Special Assistant to Finance and CMO
[FINANCE_lockup_COBLogo]
O: 303-441-3871
C: 303-449-9326
wagnerj at bouldercolorado.gov<mailto:wagnerj at bouldercolorado.gov>

Finance Department
1777 Broadway | Boulder, CO 80302
Bouldercolorado.gov<http://www.bouldercolorado.gov/>
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