Item A - Civic Center Visioning - Laserfiche WebLink

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Sale of Tax Credits: There are tax credit pro- such as installing fiber to the site, purchasing and grams that might be available for this project. One installing telecommunications equipment, incor- option is an energy tax credit program, which the porafing a back-up 911 center, or undergrounding City is currently experimenting ~vith on Fire Sta- existing utilities. tion #1. Donations: The City could solicit donations Urban Renewal Funds: If a project is located directly, or any partner social service agencies within the boundaries of either urban renewal could solicit donations to help pay for a share of district, it is possible that a portion of the project their space in the new Facility. cost could be paid f¥om tax increment frauds. The Riverfi'ont District plan mnendments that would County Road Fund: If there are any significant allow funds to be used for this project are cm'- road projects included within the Civic Center rently in the process of being challenged by a plan, the City could apply for County Road Fund voter referendum. The City Council would have money. to approve urbm~ renewal plan amendments fbr the Downtown District in order to use tax increment Parks & Open Spaces Bond Proceeds: The Parks funds for any project other than the library in that & Open Spaces Bonds approved by voters in 1998 district, can be used to purchase parkland and build parks. Although most of the money has already been Asset Sales: One option might be to consolidate programmed for specific projects, there might be as much City office space as possible. In that case, some funding available to help with development other City-owned facilities might be available for of a new park block, for instance. sale, such as 858 Pearl Street or the Atrium. If a non-City owned site is chosen for any facility, the ~,stems Development Cha~es: A small amount existing City Hall and/or the parking lot across of SDCs for park projects might be able to be used the street might be available for sale. It should for development of additional park blocks. The be pointed out, however, that asset sales typically transportation projects envisioned lbr around the take several years to accomplish, and they fre- civic center would most likely not qualify for SDC quently do not generate the level of proceeds that funding. have been estimated; therefore, it is difficult to guarantee this funding source fbr projects unless Other Miscellaneous Funds: The City will con- the sale has occulTed and proceeds tire already' in tinue to look for opportunities to set fm~ds aside the City's coffers, for this project, including any one-time dollars that are identified over the next fe~v years. Telecommunications Tax Funds: The City's tele- COlnmunications tax could be used to pay for new Other Government Agency Funds: If other City technology related projects and purchases, govenm~ent agencies co-locate at the civic center,