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Board hears $83M'$121M estimate for phase 1; members warn total program could be far larger
Summary
Phase 1 infrastructure is estimated at $83'$121 million (today's dollars); members and residents debated funding options including the newly adopted stormwater impact fee, state grants, bonds and holding growth revenues.
Staff presented a phase 1 infrastructure estimate of between $83 million and $121 million, noting that figure excludes property acquisition and that later phases could add substantially to the total program cost. The Director said those are "today's dollars," and that property acquisition for later phases could push total program spending much higher over a multi-decade timeline.
Board members and residents questioned where the money will come from and how long it will take to fund the plan. One board member summarized the scale: "We have a 50 year plan and we have 400 homes we need to buy which is not included in 300,000,000," while staff said the city will pursue state grants, use the new stormwater impact fee and consider bonds and held growth revenue as possible financing mechanisms.
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