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available would be fairly small, and would include some significant restrictions on the use of funds. Homeland Security Grants: There may be funds available for public safety purposes from Homeland Security grants. Sale of Tax Credits: There are tax credit programs that might be available for this project. One option is an energy tax credit program, which the City is currently experimenting with on Fire Station # 1. Urban Renewal Funds: If a project is located within the boundaries of either urban renewal district, it is possible that a portion of the project cost could be paid from tax increment funds. The Riverfront District plan amendments that would allow funds to be used for this project are currently in the process of being challenged by a voter referendum. The City Council would have to approve urban renewal plan amendments for the Downtown District in order to use tax increment funds for any project other than the library in that district. Asset Sales: One option might be to consolidate as much City office space as possible. In that case, other City-owned facilities might be available for sale, such as 858 Pearl Street or the Atrium. If a non-City owned site is chosen for any facility, the existing City Hall and/or the parking lot across the street might be available for sale. It should be pointed out, however, that asset sales typically take several years to accomplish, and they frequently do not generate the level of proceeds that have been estimated; therefore, it is difficult to guarantee this funding source for projects unless the sale has occurred and proceeds are already in the City's coffers. Telecommunications Tax Funds: The City's telecommunications tax could be used to pay for new City technology related projects and purchases, such as installing fiber to the site, purchasing and installing telecommunications equipment, incorporating a back-up 911 center, or undergrounding existing utilities. Donations: The City could solicit donations directly, or any partner social service agencies could solicit donations to help pay for a share of their space in the new facility. County Road Fund: If there are any significant road projects included within the Civic Center plan, the City could apply for County Road Fund money. Parks & Open Spaces Bond Proceeds: The Parks & Open Spaces Bonds approved by voters in 1998 can be used to purchase parkland and build parks. Although most of the money has already been programmed for specific projects, there might be some funding available to help with development of a new park block, for instance. Systems Development Charges: A small amount of SDCs for park projects might be able to be used for development of additional park blocks. The transportation projects envisioned for around the civic center would most likely not qualify for SDC funding. L:\CMO\2004 Council Agendas\M040428\S040428A. doc