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CASSELBERRV CITY COMMISSION Minutes of April 10, 2023 — Regular Meeting Page G of 11 changes for Fiscal Year 2024, the timeframe is quite tight due to what is necessary to get the changes on the proposed tax bill in November. Dr. Brock advised that the four fee increase scenarios developed in the Study were as follows: 1- Maintaining the status quo by not doing any additional improvements, but just trying to cover what is currently being done 2- Tier 1 projects only 3- Tier I and 2 projects only 4- Tiers 1, 2 and 3, plus base level need for maintenance and rental, etc. The revenue expected to be received based on the current fee of $31.88 per ERU (equivalent residential unit) is $31.88, so the typical home pays approximately $32 per year for street] ighti ng. This generates revenues of approximately $388,000. The base budget need if no improvements are made that are mentioned in the Needs Study is estimated to be approximately $445,000 and includes some projects that are already underway and projected to be done, so with just that, the fee would have to be increased by approximately $5.00 just to break even going forward, approximately a 15% increase. Tier 1 spread evenly over ten years would be an increase of approximately $10, bringing the fee to $42.52, which would still be under the $42.84 upper cap established in the previous study to account for inflation over a ten-year period, which would be approximately a 33% increase. The options for Tier I and Tier 2 would equate to approximately a $14 increase, and all three tiers would equate to approximately a $20 increase annually for the ten-year period. Staff is looking for guidance from the City Commission as to which of the four scenarios are preferred moving forward, and due to the tight schedule for getting updates enacted for Fiscal Year 2024 and getting those changes included in the tax bill in November, staff is hoping to bring the formal study to the City Commission at the end of June, present the normal preliminary rate resolution at the end of July and then the normal final resolution with the updated assessment at the end of August. Then everything would have to be sent to the County no later than September 15i1, to be effective for the upcoming property tax bill. The last study was conducted in 2014 and although that study allowed for the City Commission to make annual increases since that time, there did not appear to have been a need, so no increases have been made in approximately nine (9) years. However, costs are now creeping up with some of the improvements that have been made, and with inflationary impacts. Budget Impact: There is no impact on the City Budget at this time, but guidance from the City Commission will influence the proposed FY 2024 Budget relative to street lighting. Recommendation: City staff is seeking feedback from City Commissioners on the next steps regarding a potential update to the City's Street Lighting Assessment Program. Audience Participation: The following individuals came forward to address this item: 1. Bill Hufford, 527 Queens Mirror Circle, thanked the City Commission for having the study done, but expressed some concerns about moving ahead without being sure that more street lighting would actually solve the traffic and crime issues shown by the data. 2. Colleen Hufford, 527 Queens Mirror Circle, also thanked the City Commission for bringing this discussion forward and agreed there was a need for more lighting in some of the communities but asked the City Commission to also be mindful of the City's many trees.