1. City Council Workshop Tuesday, July 30 th 2013

2. Current General Fund Budget Rent Expense$240,000 Interest Revenue$280,000 (CRA Loan) Rent Expense$240,000 Interest Revenue$280,000 (CRA Loan)

3. Potential Construction Funds Town Center District Property Taxes $5.8 Million + Assigned Building Permit Fee Surplus $1 Million Town Center District Property Taxes $5.8 Million + Assigned Building Permit Fee Surplus $1 Million

4. Hypothetical City Hall Lease Purchase  Principal: $6.8 Million  Term: 20 Years  Annual Payment Amount: $500k-800k  Additional Amount Funded Annually by Taxpayers: $260k-$560k  Principal: $6.8 Million  Term: 20 Years  Annual Payment Amount: $500k-800k  Additional Amount Funded Annually by Taxpayers: $260k-$560k

5. Criteria for Construction in Lieu of Rent  No tax increases to fund construction  Construction will be funded by:  Town Center District taxes  Building permit fee surplus  Rent payment and interest income is eliminated from general fund  No tax increases to fund construction  Construction will be funded by:  Town Center District taxes  Building permit fee surplus  Rent payment and interest income is eliminated from general fund

6. Questions?Questions?