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From YouTube: Boise City Council - Work Session
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A
We
go
there,
we
go
so
last
year
when
valley
regional
transit
received
their
cares
dollars.
We
were
able
to
offset
some
of
our
regular
contribution
and
hold
hold
aside
some
to
invest
in
federal
funding
opportunities
for
a
large
grant
for
state
street,
so
we
could
leverage
those
dollars
for
bigger
projects
than
we
normally
would.
So
it
was
an
exciting
opportunity
to
really
capitalize
on
that
federal
those
federal
rescue
dollars.
A
We
have
used
that
to
support
vrt
in
their
request
for
a
federal
earmark
that
earmark
will
be
able
to
poise
vrt
to
apply
for
a
larger
grant
later
down
the
road
you
can
see.
These
numbers
aren't
quite
accurate
because
the
earmark
has
continued
to
move
forward
and
the
amounts
have
changed
just
slightly,
but
over
the
next
couple
years.
This
is
the
plan
to
be
able
to
pursue
a
large,
build
grant
or
some
other
kind
of
federal
grant
by
2024.
C
So
one
of
the
last
ones
here
is
a
stretch
of
state
street
from
about
second
to
16th,
skipping
the
15th
street
intersection,
and
I
did
want
to
highlight
one
just
so
you
know
this
is
coming
next
summer,
two,
it
does
have
streetscape
and
some,
including
some
curb
and
gutter,
that
really
needed
to
be
replaced,
and
we've
got
some
great
opportunities
in
achd
working
with
us
on
a
bunch
of
bulb
outs
both
on
the
east
west
streets
and
on
the
north,
south
streets
and
a
whole
bunch
of
locations
which
will
really
help
pedestrians
and
bikes
get
across.
C
C
C
C
So
any
questions
just
on
any
of
these
overall
that
that's
probably
a
bad
question
to
ask,
since
I
didn't
go
into
detail
on
the
other
two,
so
we'll
just
move
along.
So
the
alternative
analysis
is
just
wrapping
up
right
now,
and
this
is
looking
at
from
this
point
here
at
whitewater
park
boulevard,
like
I
said,
to
get
down
to
main
street
station
and
this
analysis
took
in
demographics.
C
Bike
pad
walk,
sheds,
jobs,
traffic
signals,
timing,
distance.
There
were
a
whole
bunch
of
layers
that
went
into
this
other
a
few
other,
and
these
were
the
alternatives.
C
The
end
game
is
that
we're
looking
at
the
state
street
alignment
being
the
one
that
we
would
commit
to
partially
because
of
the
uses
that
are
on
state
street,
including
the
y,
the
grocery
store
and
the
other
businesses
that
are
at
the
15th
16th
location
that
you
would
pick
up
on
state
street
as
opposed
to
some
of
these
other
alternatives.
D
I
just
wanted
to
care
if
I
clarify
real
quick
karen.
This
is
for
the
state
street
bus,
rapid
transit,
correct.
C
Well
and
right
right
now:
it's
actually
for
the
buses
where
we
would
have
them.
I
mean
we.
We
could
have
looked
at
just
running
buses
in
a
different
way
for
this
last
connection,
but
it
would
also
be
for
bus,
rapid,
transit,
okay,
cool,
thank
you,
yeah,
just
where
we're
building
to
go
forward
now
excellent.
B
Okay,
karen
just
a
a
note
on
that
and
I'm
going
to
ask,
I
was
going
to
ask
this
at
brt,
so
I'll
ask
it
now.
Did
we
look
at
just
doing
a
connection
between
fairview
and
the
state
routes
at
whitewater
park
boulevard
rather
than
deviating
the
state
route.
B
C
Okay,
so
a
bigger
picture
with
valley
connect,
2.0
does
have
a
route
coming
down
from
27th,
and
you
know
points
to
the
north
here
that
would
connect
fairview
maine
to
state
street,
which
that's
the
end
game
with
valley
connect
is
that
we
would
have
a
whole
network
that
goes
east,
west
and
north
south,
that
not
everything
would
need
to
come
to
main
street
station
to
be
this
hub
and
spoke,
so
that
does
of
course,
require
tran
or
transfers
which
we're
going
to
have
to
get
that
figured
out
to
have
a
better
network.
C
This
analysis
did
look
at
if
we
wanted
to.
Let's
say
in
the
peak
hour
when
we
got
to
5
or
10
minute
headways.
Would
we
want
to
run
some
of
them
down
state
street
half
of
them?
You
know,
or
every
other
one
and
then
the
other
one
down
whitewater
park.
Boulevard
is
what
it
looked
at
and
we
boise
pds
definitely
recommend
it.
Let's
just
stand
state
street.
It
keeps
it
consistent.
It's
not
confusing
for
people
to
go
wait.
Are
we
switching
between
one
and
the
other
plus?
C
As
I
said,
the
land
uses
that
are
on
that
section
of
state
that
don't
get
picked
up
if
we
went
over
to
whitewater
and
then
on
top
of
that.
This
slide
just
shows
all
of
our
existing
routes,
and
you
can
see
maine
and
fairview
is
very
well
served
that
it
really
for
simplicity
and
the
commitment
that
we
made
to
state
street
that
you
would
just
know
that
it's
a
five-minute
headway,
a
10-minute
headway
and
not
know
that
it's
going
to
shift.
So
that's
that's
the
direction
we're
going
right
now.
C
However,
the
study
did
leave
it
open
to
say.
If
we
get
down
the
lane
down
the
lane
down
down
the
ways
and
lane
just
seemed
confusing
there
and
our
population,
be
it
jobs
or
residents
was
such
that
we
really
thought
it
was
worth
that
we
ought
to
have
some
other
connection
or
that
we
really
ought
to
split
it.
We
can
reconsider
it
at
that
time,
but
we
weren't
going
to
go
there
from
the
get-go.
C
B
C
C
So
it's
our
potential
improvements
and
it's
reviewing
and
looking
at
alternatives
to
the
whole
hov,
the
bus,
pullouts,
the
business
access
transit
lanes,
we're
going
to
look
at
current
data
on
you
know,
travel
times
the
signals
all
of
that
and
schedule
wise
we're
looking
at
a
draft
of
this
in
october,
and
that's
our
update
for
what
projects
are
wrapping
up
and
what's
happening
on
state
street
right
now,
and
if
you
have
other
questions,
we
can
stand
for
them.
Otherwise,
we'll
transition
over
to
matt
to
give
you
his
update.
C
C
Mean
we
are
going
to
look
at
the
legal
ramifications
of
the
bus
ass,
the
bat
lanes,
hov
yeah.
All
of
that
is
okay,
all
right.
B
A
E
Good
afternoon,
madam
president,
council
members,
thanks
for
having
me
today,
my
name
is
matt
edmond
I'm,
a
director
of
parking
mobility
with
ccdc
today,
I'll
be
talking
to
you,
give
me
an
update
on
the
state
street,
primarily
the
feasibility
study
that
was
just
completed.
The
draft
and
the
draft
corridor
framework
diagrams.
E
It
can't
feasibly
be
widened
to
accommodate
single
occupant
vehicles
and
maintain
a
level
of
service
as
the
valley
continues
to
grow.
So
for
some,
while
now
a
number
of
public
agencies
in
the
treasure
valley,
city
of
boise,
partner
cities
along
state
street
achd,
itd
valley,
regional
transit
compass
have
been
looking
at
how
to
get
more
mode
share
into
one
more
share
in
other
modes,
most
notably
transit.
So
you
can
see
some
of
the
plans.
E
The
quarter
strategy
study
in
2004
market
analysis
in
2007
tod
guidelines
in
2008.,
the
most
notable
one
transit
and
traffic
operation
plan
in
2011,
and
then
recently,
the
state
street
corridor
transuria
development
plan
in
2019
that
has
been
adopted
into
the
city's
comp
plan.
I
believe,
last
year,
this
effort
builds
on
those
and
really,
while
much
work's
been
done
on
the
planning
of
the
transportation
and
transit
aspects
of
the
quarter.
What
what
it's
going
to
look
like
between
the
curb
lines?
E
E
It's
approximately
575
acres
that
does
include
all
the
right-of-way.
I
mean
you
can
see
seven
circles
on
there.
Four
are
the
primary
nodes
that
were
depicted
and
contemplated
in
the
2019
tod
plan.
On
the
other.
Three
are
secondary
nodes.
You
can
see
their
name
there.
E
So
real.
B
E
E
So
we're
seeing
a
fair
amount
of
development
out
there
already
and
a
lot
of
folks
will
ask
well
why
urban
renewal-
and
I
think
the
simplest
answer-
is
this-
to
deliver
development
outcomes
that
have
significant
public
benefit,
which
the
market
would
not
otherwise
deliver
on
its
own.
So
some
examples
of
that
are
mixed
use.
Development-
true,
mixed
use,
is
fairly
hot,
can
be
fairly
hard
to
finance.
So
should
we
go
in
and
acquire
a
property
and
put
it
out
to
a
quest
for
proposal
I
can.
E
I
can
help
with
that
landscape,
buffers
and
other
kinds
of
as
the
highway
district
call
them.
Non-Transportation
elements
funding
those
parks
and
public
space,
and
yes,
the
city
can
do
a
number
of
these,
but
when
we
work
with
developers,
we
can
be
quite
a
bit
more
nimble
in
terms
of
helping
them.
E
Maybe
setting
our
you
guys
set
a
requirement.
We
can
help
them
to
resource
that
pathways,
local
streets
and
access
management.
I
think
we've
seen
a
fair
amount
of
this
on
state
street
already,
while,
while
the
well
achc
and
itd
can
restrict
access
onto
onto
the
arterial,
they
can't
really
do
that.
If
it's
the
only
frontage
that
a
parcel
has
if
we
can
provide
the
carrot
to
that,
stick
to
help
fund
those
local
streets
that
can
be
difficult
to
exact
we
can.
We
can
provide
a
better
built
out
street
network
historic
preservation.
E
An
example
of
this
would
be
the
heyman
house
down
off
of
river
street.
We
acquired
that
and
transferred
it
to
the
city
when
we
let
out
the
ash
street
properties
for
the
town
homes.
What
what
became
the
town
homes,
public,
structured
parking,
you
can
get
better
mixes
of
uses
and
make
more
efficient
use
of
land
if
you
can
get
shared
parking,
and
sometimes
that
would
be
public,
structured
parking
and
then
site
remediation.
E
B
Matt
question
about
one
other
use
that
we've
been
beginning
to
dip
our
toe
in
in
some
of
the
existing
districts
and
that's
affordable
housing.
Isn't
it
true
that
that's
also
something
that
urban
renewal
could
potentially
help
with.
E
So
a
real
quick
recap
on
the
process.
To
date,
we
defined
the
state
street
boundaries
working
with
planning
and
development
services
back
in
2018
2019.
We
had
an
eligibility
study
completed
and
the
city
council
did
make
a
finding
of
necessity
by
resolution
back.
Then
we
were
hung
up
by
covet
a
little
bit,
but
we
did
get
going
again.
Last
year,
sb
freeman
development
advisors
did
a
market
assessment
for
us
mig.
Our
main
consultant
started
planning
context
and
assessment.
E
We
also
hired
preservation
solutions
to
do
a
cultural
resource
survey
of
the
corridor
to
find
historically
significant
structures
and
properties
out
there,
and
we
had
our
first
open
house
in
the
fall
in
the
winter.
We
moved
on
to
a
gap,
analysis
and
district
goals.
We
had
quadrant
consulting,
do
an
infrastructure
expansion
analysis
seeing
what
was
out
there
on
our
utilities,
where
gaps
are
and
putting
together
cost
estimates
for
what
it
would
take
to
expand
and
build
out
the
district.
E
E
Next,
I
guess
so
we're
now
in
the
spring
of
2021,
I'm
presenting
to
you
the
the
draft
framework
maps
and
feasibility
studies,
I
believe,
was
attached
in
a
read-ahead
memo
you
got
and
working
on
draft
plan
narrative
following
that
starting
next
week
we
will
have
our
third
and
final
open
house
and
then
look
to
finalize
all
these
documents.
E
So
real
quick
on
the
market
analysis
that
s.b
friedman
did
for
us.
You
can
see
the
capture
of
all
the
development
in
the
city
since
2010
in
the
corridor,
so
fairly
significant
for
the
multifamily
about
one.
In
five
there
and
single-family
residential
on
retail
was
about
an
eight
to
ten
percent
capture,
not
so
much
on
office,
hospitality
or
industrial.
E
And
over
the
next
20
years,
here's
what
we
expect
to
see
along
the
quarter:
roughly
1100
units,
a
single
family,
residential
2,
600
of
multifamily
attached,
362
000
square
feet
of
retail
fifty
thousand
office
by
possibly
a
small
hotel.
E
So,
as
I
mentioned
earlier
so
far,
we've
done
two
online
surveys.
I've
met
with
five
of
the
six
neighborhood
associations
that
have
some
portion
of
their
their
area
within
the
study
area.
The
final
one
scheduled
for
this
thursday
we've
met
with
the
state
street
mou
partners,
both
the
exec
team
and
the
technical
teams
during
their
meetings.
E
E
As
I
mentioned,
we
did
a
cultural
resource
survey
on
the
corridor
and
that
was
in
consultation
with
the
state,
historic
preservation
office
in
preservation,
idaho
and
did
present
the
garden
city
council.
Although
none
of
the
district
is
in
garden
city,
obviously
it
abuts
a
significant
portion
of
garden
city
and
then
lastly,
we've
had
this
website
up
for
a
little
over
a
year.
Now.
E
So
survey
one
basically
asked
about
where
people
what
their
destinations
are
along
the
corridor,
what
kind
of
barriers
they
see
and
then
lastly,
suggested
improvements
and-
and
here
are
the
real
hot
spots
for
those
suggested
improvements.
You
can
see
amenities
for
walking,
biking,
transit,
better
connections
to
the
surrounding
neighborhoods,
improve
streetscapes
and,
lastly,
attracting
local
businesses
to
commercial
areas.
E
On
the
spring
survey,
we
asked
people
to
prioritize
these
suggested
improvements
with
notional
budgets,
so
we
really
have
four
main
buckets
that
we're
looking
to
invest
that
tax
increment
in
we
did
not
ask
about
infrastructure
utilities.
E
You
know,
I
feel,
like
a
lot
of
people,
probably
don't
aren't
really
concerned
about
the
water
or
sewer
it'll
take
care
of
itself,
so
we
focused
on
mobility
place,
making
economic
development-
probably
not
surprising.
Mobility
came
out
with
40
47
percent
as
a
number
number
one
priority.
E
And
then
other
input
received-
and
this
was
basically
in
the
meetings
with
all
the
all
the
entities
I
mentioned
earlier-
so
their
concerns
I'll
talk
to
concerns
first,
so
density
and
tall
buildings.
I
think
that's
somewhat
up
for
debate.
What's
a
tall
building,
I
wouldn't
think
say:
a
four
stories
is
a
tall
building.
Others
others
would,
but
there
seemed
to
be
more
acceptance
of
it.
E
Closer
to
the
note,
the
designated
notes
and
then
the
interstitial
areas,
traffic
cutting
through
neighborhoods,
was
a
concern,
as
this
kind
of
compact
mixed
use
builds
out
displacement
of
affordable
housing.
I
heard
that
a
lot
to
your
earlier
question
and
present
big
boxes
and
chain
stores,
there's
not
a
lot
of
appetite
for
any
of
that
along
the
corridor.
E
What
there
was
a
desire
for
so
there
was
an
appetite
for
mixed
use,
definitely
for
mixed
income
and
affordable
housing,
not
luxury
landscape,
buffers
and
green
space
that
that
was
particularly
popular
along
the
quarters.
Getting
landscape
buffers
in
there
ground
floor
uses
that
activate
the
street
level
in
certain
areas
that
came
up
at
collister,
businesses
that
are
oriented
to
the
neighborhood
to
the
neighborhoods
and
not
commuters
or
out-of-towners.
E
Someone
mentioned
the
post
office
at
collister
wanting
to
save
that
from
a
use
perspective.
It's
also
a
historic
building
as
well,
but
particularly
as
the
neighborhood
use,
and
then
there
was
a
comment
about
a
an
application
in
for
a
motel
and
that's
the
kind
of
use
that
the
neighborhoods
didn't
really
want
to
see
because
it
someone
in
the
neighborhood
is
not
going
to
use.
E
The
motel
desire
for
public
plaza
is
in
third
places
and
then
community
space
with
the
neighborhood
schools
and
the
boys
school
district
brought
this
up,
in
particular
with
taft
they're,
going
to
plan
to
renovate
it
probably
with
their
next
school
bond.
So
and
possibly
with
lowell
as
well
leveraging
some
community
space
there
when
the
school's,
not
in
session.
E
They
do
seek
to
implement
that
state
street
tod
plan
and
consider
other
corridor
planning
projects
and
what
I
would
say
another
point:
the
economic
feasibility
study,
the
draft
you
have
appendix
4,
page
22,
there's
the
long
laundry
list
of
projects
in
there.
This
is
basically
just
putting
them
on
onto
a
map,
so
you
can
see
where
they
are.
E
They
do
fall
into
five
buckets
mobility
infrastructure
place,
making
economic
development
and
special
projects.
Special
projects
is
a
kind
of
a
smaller
one,
and
that's
going
to
be
very
opportunity
based.
We
can't
tell
a
developer
or
property
owner
to
do
historic
preservation,
but
we
can
help
them
out
if
they
do
decide
to.
E
We
got
five
maps
here
covering
the
seven
nodes
and
we'll
start
at
the
east
end
the
big
one's
the
itd
campus.
So
this
is
not
to
get
too
into
details.
Road
configurations
to
move
around
the
itd
headquarters
building
is
fairly
significant.
It
would
there's
a
good
chance,
it
would
be
preserved
and-
and
there
would
be
some
interest
in
getting
that
view
shed
from
state
street
preserve
with
it,
but
we
anticipate
spending
a
fair
amount
on
roads
and
infrastructure
down
here.
E
E
E
Next
is
up
at
collister
there's
the
the
tod
plan
anticipated
two
transit
pairs
here,
one
down
sorted
by
sycamore
street
and
another
one
up
at.
E
So
next
is
pierce
park.
This
is
kind
of
an
hourglass
in
the
corridor
just
because
a
lot
of
it
is
built
out
and
we
don't
anticipate
a
lot
more
development
in
the
area,
but
we
do
see
opportunity
to
potentially
get
some
additional
local
street
connectivity
in
and
then
a
transit
station
at
the
pierce
park.
The
future
realigned
four-way.
E
Here
we've
got
bogart
and
glenwood
stations;
glenwood
actually
has
two
one
east
of
glenwood
and
one
at
saxton
sort
of
by
the
walmart
and
then
up
at
bogart
lane.
B
Matt,
thank
you
on
that
one.
I
know
that
there's
been
some
study
of
what
to
do
with
that
intersection
by
itd.
B
E
I
know
achd
and
itd
are
obviously
working
on
a
intersection
concepts.
There.
E
Oh,
oh
yeah.
Karen
brings
up
a
good
point
so
over
here
here
we're
all
on
the
north
side
yeah.
So
once
we
get
south
of
that
south
right
of
way,
there's
not
a
lot.
We
could
help
with
sorry.
E
E
And
then,
lastly,
horseshoe
bend
and
you
can
see
between
horseshoe
bend
and
bogart
is
probably
where
this
greatest
opportunity
to
get
some
some
local
street
connectivity
and
really
reduce
the
number
of
access
points
on
state
street.
And
here's
where
it
make
the
most
sense.
Because
it's
the
highest
speed
part
of
the
corridor.
E
So
I'll
walk
you
through
the
economic
feasibility,
really
quick.
It's
a
lot
of
numbers,
a
lot
of
assumptions.
Let
me
know
if
you
have
any
questions
so
market
demand
absorption.
This
is
the
numbers
that
were
in
the
20-year
forecast,
basically
broken
down
by
corridor,
quarter,
they're
more
or
less
broken
down
fairly
evenly
through
the
quarters.
E
E
So
our
key
assumptions,
the
levy
rate-
you
can
see
here
point:
oh
one,
two,
three,
seven:
zero!
That's
assumed
constant
life
throughout
the
district,
four
percent
cost
of
borrowing.
E
We
assume
a
value
growth
rate
of
about
two
percent
and
then
growth
from
value
growth
from
projected
new
development.
Sb
friedman
is
taking
another
look
at
that
levy
rate
due
to
the
recent
increase
in
valuation.
So
we
will
have
that
with
the
final
feasibility
study.
E
And
then
projected
costs
that
went
with
all
those
framework
diagrams
and
in
appendix
for
the
feasibility
study
you
can
see.
We
identified
approximately
80
million
of
capital
costs
cost
and
quarter
one
will
be
paid
out
in
cash
flow
year
by
year,
while
bonds
are
expected
to
be
used
in
quarters.
Two
through
four.
E
District
revenues
are
also
projected
to
cover
ccd
operations,
costs
and
interest
and
financing
costs
related
to
the
bonds
in
those
quarters
two
through
four,
so
it's
approximately
30
million
in
capital
costs
that
are
currently
unfunded
but
could
be
funded
using
alternative
sources
of
revenue
and
or
if
the
district,
overperforms
projections.
E
E
So
financing
assumptions
three
percent
annual
escalation
and
construction
funds.
I
know
it
doesn't
seem
like
it'd,
be
like
that
now,
but
an
average
over
years
and
again
cash
flow
in
the
first
quarter
bonding
in
the
final
three
quarters,
and
you
can,
you
can
see
the
run
down
there,
the
issuance
costs
and
then
the
total
issuance
each
of
those
bonds
so
yeah,
and
that
so
issued
at
six
11
and
16
years
into
the
district.
E
E
E
In
july
we
will
present
to
our
board
the
draft
plan
narrative
on
the
final
framework
document
and
finalize
those
based
on
the
feedback
that
we
receive
at
the
open
house
and
following
the
open
house.
E
Then
in
august
we
are
shooting
to
have
our
board,
consider
the
plan
for
adoption
by
resolution,
and
should
they
adopt
it,
we
would
transmit
it
to
the
city
and
the
underlying
taxing
districts,
other
underlying
taxing
districts,
keeping
that
transmittal
within
60
days
of
the
anticipated
third
calendar
reading
at
city
council
september,
we're
shooting
for
a
pnc
in
september
to
find
conformity
with
the
comprehensive
plan.
E
E
E
D
Matt,
I
don't
know
if
you
can
get
back
to
the
slide,
where
you
showed
the
potential
redevelopment
of
the
corner
of
whitewater
park
boulevard.
I
know
it
was
a
while
ago.
Sorry,
I
should
have
asked
my
question
back
then.
D
One
of
the
concerns
that
we've
heard
is
about
a
loss
of
affordable
housing
and
redevelopment
of
places
where
we
currently
have
mobile
home
parks
in
the
corn
in
kind
of
the
west.
Part
of
that
little
circle
is
that
the
existing
mobile
home
park,
that
is
there
against
the
pond
and
is
that
envisioned
to
stay
as
part
of
redevelopment.
E
So,
madame
president
councilman
woodings,
so
on
the
affordable
housing,
this
this
question
has
come
up
with
it.
It's
I
don't
know
that
I
would
get
whether
it's
in
vision
to
stay
or
go.
We
we
can't
dictate
that
the
property
owner-
and
you
know,
should
they
decide
to
sell,
sell
it
to
a
developer.
E
They
would
would
be
the
ones
dictating
that
when
we
include
it
with
a
district,
though,
what
we
can
do
is
incent
them
to
to
try
to
replace
that
affordable
housing
potentially
fund
any
relocation
if
we
carve
it
out
of
the
district.
The
one
thing
we
can't
do
is
excise
the
adjacency,
so
if
the
itd
headquarters
is
blowing
up
just
because
there's
a
line
there
that
excludes
you
know
this
mobile
home
park
that
doesn't
make
it
any
less
attractive
to
a
developer.
E
So
I
think
I
think,
we're
probably
heading
in
a
direction
where
a
consideration
and
us
assisting
any
development
is,
is
the
net
impact
on
affordable
housing.
D
Thank
you
for
that
additional
analysis.
I
have
been
hearing
that
time
and
time
again,
because
state
street
does
have
so
many
kind
of
older
mobile
home
parks
and
there's
a
lot
of
concern
that
those
would
be
demolished
and
luxury
housing
would
go
up
instead.
So
it's
good
to
hear
that
this
gives
additional
tools.
F
Vladimir,
yes,
thank
you.
Thank
you
and
I'd
like
to
just
follow
up
on
councilmember
wooding's
question,
so
you
know,
I
think,
a
lot
of
us
on
council.
We
we
take
in
a
lot
of
information
about
what's
going
on
in
our
community
through
social
media,
and
I
know
I
did
observe.
I
did
follow
one
story
of
one
woman
in
the
garden
city
area
who
was
displaced
with
that
new
luxury
project.
F
That's
going
up
near
the
river
in
garden
city
and
it
was
very
painful
to
watch
this
woman
just
try
everything
she
could
to
find
a
way
to
leave
her
mobile
home
park,
with
no
resources
and
and
also
having
to
lay
bare
her
situation
to
the
public,
and
I
really
admire
that
person
for
not
giving
up.
F
I
had
the
good
fortune
of
visiting
with
ccdc
a
couple
of
years
ago,
just
to
learn
a
little
bit
more
about
how
an
urban
renewal
agency
works,
and
at
that
time
I
did
share
a
wish
to
see
some
more
innovation
about
how
do
we
preserve
the
socioeconomic
diversity
in
our
city?
Because
I
wonder
you
know,
I
love
that
you
mentioned
miss
irma
and
how
we're
we're
going
to
be
able
to
save
that
house
and
and
and
have
it,
be
a
historic
marker
in
our
city
of
her
presence
and
and
of
the
african-american
community
in
boise.
F
But
I
wonder
if
she
were
alive
now,
if
we
wouldn't
take
those
steps,
if
she
would
be
able
to
stay
in
her
home-
and
so
I
just
wonder,
is
there?
Is
there
a
move
to
embrace
diversity,
inclusion
and
equity
in
the
work
of
ccdc
moving
forward?
Is
there
an
effort
to
be
even
more
innovative
in
in
this
work
so
that
we
can
keep
the
people
that
comprise
our
city?
F
So
all
that
is
to
say,
I
have
lived
in
boise
for
over
30
years
and
I
have
seen
how
beautiful
it
has
become.
But
I
do
know
that
there
is
a
price
for
that
and
it
does
come
with
displacement
and
I'm
wondering
as
innovative
as
we
are.
F
E
Madame
president
councilwoman
sanchez,
I
would
say
we
do
have.
We
have
earmarked
funds
at
each
of
the
nodes
for
land
acquisition.
I
think
it's
fair
to
say
that
the
number
one
priority
of
that
is
going
is
incenting
not
strictly
affordable
housing,
but
mixed
income
housing.
It's
you
know
I.
I
don't
know
that
it's
a
stretch
given
what
we're
going
through
to
say.
It's
probably
not
enough
to
fix
all
that,
but
it
is
a
big
focus
of
the
economic
development
portion
of
this.
B
Any
other
questions
so
matt
just
so
I
understand,
if
going
forward,
the
next
steps
will
be
public
outreach
going
to
the
ccdc
board.
All
of
that,
of
course,
will
be
a
public
process.
We
won't
get
it
back
officially
at
city
council
until
october
for
action
will
there
be
some
kind
of
a
update,
presentation
and
or
memo
in
between
now
and
then.
G
F
Just
a
quick
question
I
noticed
in
the
slides
there
didn't
seem
to
be
a
slide
when
you
went
through.
So
I
think
I
saw
councilmember
voting's
writing
them
down,
but
I
don't
think
there
was
a
slide
for
some
of
the
concerns
that
the
community
shared
with
about
affordable
housing.
F
B
H
Madam
mayor
council
members,
thank
you
for
the
time
this
afternoon.
My
name
is
steve
burgos.
I'm
the
public
works
director
and
with
me,
is
heather
buchanan,
who
is
our
chief
administrative
officer
in
public
works
and
we're
going
to
give
you
a
presentation
on
a
proposed
financial
approach
to
fund
the
water
renewal
utility
plan
that
was
approved
back
in
october
of
2020.
H
H
What
was
approved
in
october
I'll
provide
some
rate
context
setting
just
to
give
you
a
sense
for
where,
where
rates
are
in
the
valley,
both
in
the
valley
but
also
regionally
within
the
northwest
and
then
I'll
turn
it
over
to
heather
she's,
going
to
review
the
funding
options,
both
a
cash
only
scenario,
as
well
as
a
blended
cash
and
bond
scenario,
it
should
also
provide
an
option
comparison
when
we
look
at
impact
on
residential
rates
and
then
I'll
provide
an
overview
of
the
policy
considerations
and
then
a
summary
and
recommendation,
and
then
I'll
give
you
an
overview
of
next
steps
for
the
process.
H
So,
just
as
a
reminder,
back
in
october
of
2020
council,
mayor
and
council
approved
the
water
renewal
utility
plan
before
I
give
an
overview
of
what
was
in
the
plan,
I
do
want
to
mention
up
front.
We
are
obliged
to
treat
wastewater,
and
sometimes
it
comes.
The
question
comes
up
on.
H
What
is
the
plan
focused
on
the
plan
is
focused
on
treating
wastewater,
which
we
are
obliged
to
do
so.
The
clean
water
act
is
the
federal
law
that
mandates
that
we
treat
our
wastewater
to
specific
standards
that
are
identified
in
our
npds
permit.
Our
national
pollutant
discharge
elimination
system
permit.
H
H
So,
for
example,
when
a
city
starts
to
approach,
85
percent
of
using
its
total
capacity
to
treat
wastewater,
the
deq
regulations
require
us,
as
cities
in
the
state
of
idaho,
to
develop
a
utility
plan
to
ensure
that
we
have
both
the
capacity
to
to
treat
additional
flows,
but
also
the
ability
of
the
technology,
the
process
to
meet
those
permit
requirements
at
those
higher
flows
and
then,
certainly
last
but
not
least,
the
citizen
expectations
in
boise
are
high.
H
We
heard
that
very
clearly
when
we
went
through
the
utility
planning
process
and
their
expectations
of
us
to
protect
the
river.
In
many
ways
they
described
their
works.
Our
work
as
kind
of
we
are
the
the
vanguard,
the
protectors
of
the
river,
and
we
take
that
very
seriously.
So
I
wanted
to
make
sure
we
mentioned
that
up
front,
that
what
we're
going
to
present
to
you
that
was
approved
in
the
plan
is
not
kind
of.
H
It
is
an
obligation
that
we
have
to
treat
the
wastewater,
so
the
utility
plan
that
was
passed
back
in
october
highlighted
many
components.
The
first
is
for
our
existing
system.
We
have
significant
capital
replacement.
We
have
an
aging
system,
for
example,
the
lander
street
facility
was
built
back
in
the
late
40s
early
50s.
H
That
facility
is
now
over
70
years
old
and
we
need
to
replace
that
facility.
Replacing
the
entirety
of
lander
street
is
not
an
inexpensive
endeavor.
In
addition,
we
have
about
a
thousand
miles
of
pipe
under
the
city
of
which
several
areas
are
over
100
years
old.
We
need
to
start
replacing
those
assets
as
well,
and
then
the
other
key
component
we
have
moving
forward
is
the
growth
that
we're
having.
We
need
to
bring
on
new
capacity
to
manage
the
growth
so
between
growth
and
replacing
aging
assets.
H
So,
in
order
to
do
so,
you
can
see
what
we
have
on
the
on
the
map
here,
we're
going
to
develop.
First,
those
two
primary
objectives,
replacing
aging
assets
and
adding
capacity
we're
going
to
do
part
of
the
adding
capacity
by
building
a
third
facility
proposed
in
the
southeast,
we're
proposing
that
that
be
an
industrial
recycled
water
program.
H
They'll
also
have
an
aquifer
recharge
component
to
that,
when
we
start
developing
a
new
water
supply,
we
can
put
that
in
the
aquifer
for
storage
and
then
the
fourth
facility,
probably
in
the
mid
2030s,
we're
projecting
to
need
additional
capacity.
It'll
be
a
fourth
facility.
Again,
all
this
new
capacity,
approximately
10
million
gallons
a
day
of
new
capacity,
we're
going
to
develop
it
so
that
it's
a
recycled
water
program.
H
So
our
ask
moving
forward.
We
got
the
approval
on
the
utility
plan
now
we're
asking.
How
best
do
we
want
to
fund
the
utility
plan
that
we're
obliged
to
meet
under
the
clean
water
act?
H
Based
on
the
plan
that
was
approved
by
council,
and
as
I
mentioned
before,
you
can
see
the
the
colored
bars
are
the
amount
of
investment
per
funding
driver
so,
for
example,
the
regulatory
piece.
That's
our
blue
bar
the
planned
repair
replacement
or
replacing
aging
infrastructures,
our
gray
bar
the
capacity
needs
for
the
growing
city
is
the
orange
bar
and
then
the
kind
of
lighter
blue
is
the
community
expectations.
H
That's
the
the
recycled
water
program,
for
example,
so
you
can
see
that
we're
we're
going
to
average
about
80
million
dollars
a
year
on
our
annual
average
spend
to
put
that
in
perspective,
we're
spending
about
20
million
dollars
a
year
now
and
over
the
last
say
decade.
So
it's
it's
not
a
it's.
A
significant
increase
and
over
the
life
of
the
implementation
of
the
utility
plan,
we're
projecting
we're
going
to
need
to
spend
approximately
1.15
billion
in
today's
dollars.
H
Now,
that's
appreciated
is
a
big
number.
It
is,
though,
when
we
hear
the
national
dialogue
on
the
infrastructure
bills
that
are
being
discussed
in
dc.
This
is
a
very
common
issue
in
in
most
major
cities,
our
infrastructure
was
built
in
the
50s
and
60s,
and
it's
starting
to
age
out
and
those
the
replacement
costs
are
not
insignificant.
H
So
that's
our
20-year
capital
plan
now,
I'd
like
to
give
you
a
sense
for,
as
we
look
forward
to
the
rates
that
are
needed
to
to
fund
this
plan,
I
wanted
to
set
the
context
with
our
current
rates.
Steve.
H
B
Bar
is
our
capacity.
Are
we
confident
that
our
current
rate
structure
captures
the
cost
of
the
new
customers
to
the
system
so
that
we're
not
also
adding
that
into
the
cost
to
the
existing
customers?
And
I
just
want
to
make
sure
that
you
know
folks
who
are
are
listening
online
or
wondering
about
that?
Have
an
answer.
H
Madame
thanks
for
the
question:
yes,
we,
a
very
strict
tenant
in
idaho
state
law,
is
that
growth
pays
for
growth,
and
so,
while
we
invest
in
building
new
capacity,
we
recoup
that
cost
through
the
connection
fees
that
folks
pay
over
time
and
those
connection
fees
are
indexed
to
what
we
refer
to
as
our
enr
index.
The
engineering
news
and
records.
H
H
The
city
of
boise
is
our
2021
number,
our
average
monthly
residential
bill,
and
you
can
say
you
can
see
we're
right
in
the
middle
of
the
pack
for
our
average
local
bill
and
then,
if
we
expand
the
a
look
at
the
regional
cities
within
the
northwest,
you
see
spokane
at
48,
seattle
92
in
portland
at
65.,
so
the
average
regional
is
actually
twice
the
amount
of
our
average
local
wastewater
utility
bill.
Steve.
H
We
do
and
we're
that's
we're
working
on
potential
next
steps
with
west
boise
excellent.
Thank
you,
and
so
a
couple
of
takeaways
from
the
slide
rates
are
increasing
across
the
valley.
H
I
have
the
example-
and
this
isn't
to
pick
on
napa
in
any
way,
but
it
is
to
suggest
that
looking
at
their
projected
rate,
increases
they'll,
be
in
the
neighborhood
of
72
dollars
per
month
by
2025.,
and
I
know,
based
on
conversations
with
the
other
public
works
directors
in
the
valley,
they're
all
considering
different
ways
to
account
for
both
growth,
but
but
also
replacing
some
of
those
aging
assets.
So
other
cities
are
considering
their
options
for
rate
increases.
I
All
right,
thank
you,
steve.
Let
me
get
to
the
next
slide.
So
mayor,
council
members,
we've
considered
two
scenarios.
The
first
scenario
is
a
cash
only
scenario,
and
this
is
traditionally
how
we
funded
our
water
renewal
investment
each
year.
We
consider
what
our
annual
rate
increases
would
need
to
be
to
fund
the
capital
and
operational
expenses
we
have
for
that
year.
I
We
always
project
out
10
to
20
years
right
now,
we're
doing
a
20-year
projection,
so
we
historically
have
adjusted
rates
each
year
to
pay
for
what
we
need
to
spend
and
fund
for
our
capital
plan.
So,
with
our
20-year
investment
that
steve
showed
you
on
one
of
the
previous
slides.
We
are
anticipating
that
this
would
equate
to
a
significant
upfront
rate
increase,
which
I'll
show
you
in
a
couple
of
slides,
so
it
causes
a
near-term
really
initial
bump
up
in
those
rates
so
that
we
can
fund
through
that
20-year
window.
I
The
next
scenario,
then,
would
be
adding
bond
financing
to
that
cash
scenario,
so
we
would
finance
a
portion
of
the
overall
capital
improvement
plan
with
bond
financing.
That
would
require
us
to
get
voter
approval
to
do
so.
The
benefit
of
doing
this
as
several
things
and
we'll
discuss
a
few
of
them
here
and
steve
can
explain
a
few
more
later.
So
one
thing
is
that
it
helps
to
levelize
the
rate
impact,
so
the
rate
impacts
become
more
gradual
over
time,
much
more
predictable
bond.
I
That
financing
helps
to
act
a
bit
of
a
shock
absorber.
So
as
we
each
year
as
we're
making
changes
to
our
capital
improvement
plan,
those
changes
turn
into
reflections
in
our
rate,
increases
bond
financing
would
result
in
a
lesser
change
because
we're
amortizing
the
cost
of
that
change
over
a
longer
period
of
time.
I
I
So
if
you
do
approve
that
motion,
then
we
would
move
forward
and
we
would
go
to
the
election
in
november,
asking
the
voters
to
approve
bond
financing.
If
we
received
a
yes
vote
in
the
election
that
would
result
in
a
9.9
percent
rate
increase.
I
If
we
had
a
no
vote,
we
would
assume
that
voters
approved
the
cash
scenario
and
that
would
be
an
up
to
53
rate
increase.
So
those
two
are
not
additive.
We
would
then
implement
the
9.9
at
the
beginning
of
the
fiscal
year,
assuming
that
we
would
move
forward
with
the
lesser
of
the
rate
increases,
so
that'd
be
october.
First,
the
bond
election
would
happen
and
then
we
would
implement
the
differential
if
we
did
get
the
no
vote,
and
that
would
be
effective
january
1st.
I
J
Madam
here
yes
heather
on
this,
would
we
be
able
to
explain
to
the
voters
that
a
no
vote
would
mean
53
increase?
We
could
put
that
maybe
even
in
the
pilot
language,
perhaps.
I
Mayor
council,
member,
that's
a
good
question
and,
yes,
I
think
we're
working
currently
on
a
draft
of
some
of
the
ballot
language
and
the
explanation
that
goes
along
with
that
and
we're
trying
to
be
very
specific
of
a
yes
vote
equals
this,
and
a
no
vote
equals
this
so
being
able
to
differentiate
what
they
mean
thanks
yeah.
Thank
you.
D
To
kind
of
tag
on
to
that,
I
know
that
this
is
not
your
wheelhouse
at
all
heather,
but
I
just
want
to
note
that
in
the
upcoming
november,
2nd
election
half
the
city
won't
be
voting
for
a
member
of
city
council,
and
this
could
be
one
of
the
only
things
on
their
ballot,
if
not
the
only
thing
on
their
ballot,
so
that
could
create
a
really
interesting
dynamic
on
the
municipal
election
and
just
how
that's
going
to
change.
A
B
So
heather,
if
you'd
go
back
to
the
last
slide,
I
think
there's
a
an
important
point
here
that
I
hope
will
become
part
of
the
conversation
during
the
election,
and
it
goes
back
to
my
question
to
director
burgos
about
growth
paying
for
itself
and
if
we
don't
issue
bonds.
I
You
know
steve
was
talking
about
our
lander
street
treatment
facility
that
was
put
in
place
in
the
40s
we're
just
now
replacing
some
of
those
assets,
so
they've
lasted
us
for
decades
and
done
a
great
job,
but
we
need
to
replace
them.
So
if
we're
able
to
bond
finance,
it
does
we're
able
to
amortize
that
cost
over
a
longer
period
of
time
and
so
you're
right,
the
near-term
cost
for
those
of
us
paying
right
now
would
be
less
and
we
pay
over
a
longer
period
of
time.
I
The
as
a
new
con
customer
comes
and
connects
the
system
they
do
pay
they
buy
into
our
system.
So
to
speak,
so
they
pay
a
connection
fee
to
repay
us,
but
for
that
capacity,
but
the
timing
of
that
is
definitely
important.
F
Got
a
mayor,
yes
thank
you
and
I
just
want
to
say
thank
you
for
being
mindful
of
those
members
of
our
community
who,
if
we
were
to
go
with
that
other
option
with
a
very
high
rate
increase,
that
would
be
a
devastating
hardship
for
them.
So
thank
you
for
being
mindful
of
that.
I
I
So
on
the
bond
election
process,
so
in
july
we
will
be
coming
forward.
If
you
do
approve
the
bond
strategy
next
week,
we'll
be
coming
forward
in
july.
To
ask
you
to
approve
the
bond
amount,
we're
still
working
on
the
exact
amount
that
we
want
to
go
forward
and
ask
the
voters
to
approve.
So
we'll
ask
you
for
that
approval
in
july,
then
ballot
language
would
be
approved
in
august.
We
would
submit
that
ballot
language
to
the
county
in
september.
I
I
So
option
comparison,
then,
so
the
two
scenarios
are
here
stacked
together
the
cash
and
bond
scenarios
on
the
top
of
the
chart.
Cash
only
is
on
the
bottom
two
things
to
note
here:
fiscal
year,
2022
would
be
the
portion
that
we
would
be
approving
with
the
budget
workshop
and
the
rate
hearing
this
year,
the
numbers
that
are
shown
for
fiscal
year,
23
out
through
fiscal
year,
2040
they're
shown
in
green
because
they
are
estimated
numbers.
I
Our
whole
financial
plan
has
a
lot
of
assumptions
in
it
and
a
lot
of
assumptions
around
construction
costs,
inflation
rates
and
so
forth.
So
those
assumptions
are
subject
to
change.
We
revisit
those
annually,
so
it's
likely
that
the
rate
increases
that
we
are
showing
in
fiscal
year,
23
out
through
2040,
especially
as
we
get
further
into
the
plan.
They
will
vary
that.
So
this
is
an
estimate
based
on
what
we
know
now
so
for
fiscal
year,
22
we've
already
talked
about
a
9.9
rate.
I
Increase
fiscal
23
would
be
up
to
53
from
there
the
two
scenarios
from
fiscal
23
through
fiscal
year
2027
the
scenarios
are
very
similar.
Both
would
require
roughly
a
nine
percent
to
a
9.9
percent
increase
for
that
window
of
time
and
then
starting
in
fiscal
20
feet.
The
cash
and
bond
scenario
would
continue
with
roughly
five
percent
rate
increases
going
forward.
The
cash
only
scenario
would
have.
One
percent
rate
increases
roughly
going
forward.
So
again,
those
are
estimated
but
give
you
an
idea
of
how
the
two
scenarios
compare
matter.
B
This
particular
slide,
I
think,
does
a
disservice
to
understanding
the
cash
only
option
because
it
shows
it
as
a
percentage.
I
wonder
if
we
could
show
this
as
a
dollar
amount,
and
maybe
you
have
that
already,
but
nine
percent
on
top
of
today
plus
53
percent,
is
a
bigger
dollar
amount
than
9.9
percent,
and
the
overall
rate
is
a
higher
rate
than
what
you'd
be
paying
with
the
cash
plus
bond
correct.
I
G
The
second
point
very
similar
to
the
council
president.
The
mayor's
observation
is
that
something
you
can
lose
on
this
slide.
If
you're,
not
paying
attention
is
that
the
last
column
is
12
years.
The
first
columns
are
only
five
years
and
so
the
bulk
of
the
of
the,
if
everybody
stacks
up
their
bills
for
this
whole
period
of
time.
Most
of
that
mountain
of
paper
is
going
to
occur
in
that
last
box,
and
so
the
cash
only
scenario
is
one
percent,
which
is
below
average
inflation
in
our
country,
which
means
in
real
dollars.
G
If
we
go
with
cash,
those
people
in
the
future,
for
whom
all
of
these
water
renewal
services
were
purchased
by
people
in
2022,
will
be
paying
less
money.
So
not
only
will
they
be,
you
know
paying
a
low
bill,
but
they
will
their
bill
will
get
smaller
in
terms
of
the
real
purchasing
power
of
the
dollar
as
time
goes
on.
So
that
is
another
in
my
mind,
another
generational
equity
issue
to
keep
in
mind,
as
we
think
about
cash
and
bond
or
cash.
Only
financing.
I
Madam
mayor
and
council
member,
can
I
clarify
one
thing
there
as
well.
In
that
last
column
it
does
represent
a
multi-year.
The
rate
increase,
that's
shown
there
would
be
annually,
so
it
would
be
five.
The
four
point:
nine
percent
each
year
during
that
time
frame
and
the
one
percent
the
same
thing
so.
G
J
G
I
Point
all
right,
and
so
then
comparing
the
two
scenarios
in
a
cumulative
fashion.
The
cash
and
bond
scenario
for
the
first
five
years
would
be
roughly
a
60
rate
increase.
The
cash
only
scenario
would
be
roughly
a
116
percent
increase
cumulative
over
the
20
years.
The
cash
and
bond
scenario,
because
we're
paying
interest
costs
over
that
time
frame
would
be
a
230
percent
increase
the
cash
only
scenario
and
fifty
percent
increase.
I
So
I
think
in
the
next
slide
that
I'll
demo
I'll
show
you
the
rate
impacts
for
residential
customers
and
it'll
demonstrate
a
bit
of
what
council
members
and
madam
mayor
were
talking
about.
I
So
first
of
all,
this
graph
is
then
showing
what
an
average
residential
customer's
bill
is,
and
the
different
colors
of
bars
are
showing
the
different
scenarios.
So
the
gray
bars
are
the
cash
only
scenario.
The
green
bars
are
the
cash
and
bond
scenario.
So
currently,
in
fiscal
year
2021,
the
average
customer
pays
roughly
37
a
month
when
we're
going
out
for
the
first
five
years.
I
I
So
you
can
see
that
in
the
near
term
the
gray
bars
are
higher,
so
the
rate
increases
in
the
near
term
are
higher
for
the
cash
only
scenario
but
to
council
member
beijing's
point:
if
you
look
at
from
fiscal
year,
2027
out
through
fiscal
year,
2040
the
gray
bars
flatten
out
so
there's
very
little
change
between
fiscal
year
2027
to
fiscal
year,
2040
the
value
that
that
those
customers
paying
in
those
different
years,
though,
what
the
the
value
of
the
system
that
they're
getting
is
very
different
in
2040
we
will
have
completed.
I
You
know
a
recycled
water
program.
Our
third
facility
will
have
been
completed
by
that
time,
we'll
be
starting
into
our
fourth
facility.
We
will
be
doing
enhancer
river
projects,
you
replace
a
significant
amount
of
our
system,
so
there's
more
value.
The
system
is
going
to
be
more
robust
in
that
time
frame
in
comparison
to
fiscal
year,
2027
that
ratepayer
is
essentially
paying
more
for
the
lesser
value
or
the
same
amount
for
the
lesser
value.
I
So
I
think
that
demonstrates
what
council
member
beijing's
talking
about
and
the
right
now
the
value
of
inflation
is
less
or
inflation
is
more
than
what
we're
seeing
in
overall
interest
rates
over
time.
So
the
cash
and
bond
scenario
is
higher
in
the
long
term,
but
it's
a
much
more
gradual
rate
increase
as
we
go
forward.
H
Thanks
heather
madame
mayor
the
policy
considerations
that
we
wanted
to
bring
up
I'll
walk
through
each
of
these,
the
near-term
affordability.
I
think
we
demonstrated,
based
on
the
rate
increases
on
the
cash
in
bond
versus
cash.
Only
you
saw
the
near
term
rate
increases
are
significantly
less,
so
that's
that's,
certainly
from
a
policy
standpoint
helps
on
the
blended
cash
and
bond.
H
We
already
discussed
generational
equity
that
we
would
be
spreading
the
costs
out
over
future
users
that
may
or
may
not
be
in
boise,
so
the
blended
cash
and
bond
delivers
generational
equity.
The
rate
predictability
heather
alluded
to
our
ability
to
withstand
rate
shock.
So
if
we,
for
example,
say
we
had
to
move
a
couple
of
projects
forward
that
were
significant
investments,
our
ability
to
borrow
that
money
can
help
us
reduce
the
potential
impacts
on
rates.
H
If
we
were
going
cash
only,
we
would
quickly
have
to
raise
that
cash
through
a
rate
increase,
so
the
rate
predictability
is
greater
with
the
blended
cash
and
bond
the
revenue
reliability.
I
think
between
the
two
options
are
pretty
pretty
straightforward.
We
get
revenue.
We
have
folks
pay
the
bills
with
our
current
approach.
On
cash,
similarly,
the
blended
cash
and
bond,
we
know
there's
a
lot
of
interest
in
the
municipal
bond
market.
H
We've
had
several
conversations
just
high
level
thinking
through
and
doing
some
studying
on
what
kind
of
money
is
available,
potentially
from
investors,
lots
of
interest
in
municipal
bonds.
So
I
think
the
revenue
on
both
the
cash
only
and
the
blended
cash
bond
are
pretty
consistent.
We
know
those
will
be
there
long
term
costs.
H
H
So
cash
only
has
the
advantage
of
not
paying
that
interest
and
then
finally,
the
leveraging
the
low
cost
of
capital
heather
alluded
to
interest
rates
are
historically
low,
for
example
the
city
of
nampo.
When
they
took
out
a
debt
a
bond
election,
they
had
back
in
2017,
they
were
able
to
work
with
the
deq
state
revolving
fund
and
get
a
loan
at
1.68.
H
I
believe,
which
is
is
below
inflation,
so
so
the
cost
of
capital
currently
is
extremely
low,
and
so
we
just
had
an
interview
with
a
financial
advisor
we're
working
through
potentially
hiring
a
financial
advisor.
If
you
all
give
us
the
green
light
on
on
the
bond
election,
that's
something
that
keeps
coming
up
over
and
over
again
that
the
cost
of
capital
is
is
really
good
right
now.
H
So
that
gives
you
a
sense
of
the
of
the
policy
considerations
that
we've
been
thinking
through,
as
we
consider
the
different
piece,
the
two
different
scenarios
of
how
we
can
finance
the
plan
and
then
to
council
member
sanchez's
point.
This
is
not
lost
on
us
all
things
being
equal.
I
we
wouldn't
want
to
have
to
initially
ask
for
a
rate
increase,
but
the
reality
is
we
are
obliged
to
treat
the
wastewater.
H
We
know
we
have
improvements
that
are
needed,
but
we
want
to
do
so
with
sensitivity
to
folks
that
are
in
the
lower
income
brackets.
That
we
know
will
be
impacted
by
this.
So
certainly
the
bond
financing
rate
up
front
is
a
very
good
cost.
Affordability
strategy.
A
lot
of
cities
use
that
to
help
manage
those
upfront
rate
increases
one
of
the
things
we're
going
to
be
working
on
in
the
near
term
and
in
the
future
we
have
existing
programs
existing
affordability
programs.
H
We
want
to
make
sure
people
are
taking
advantage
of
that,
but
in
addition
to
that,
staff
is
looking
at
different
options,
moving
forward
both
short
term
and
long
term,
on
law,
on
the
affordability
programs
and
different
ideas.
So
we've
had
several
calls,
for
example,
with
the
san
antonio
water
system,
they're
considered
a
national
leader
on
affordability,
programs,
we're
trying
to
learn
from
others.
There's
some
good
examples
out
there.
H
We
don't
want
to
reinvent
the
wealth
we
don't
have
to,
but
we
certainly
will
come
back
to
you
with
some
ideas
on
longer
term,
affordability
and
just
to
know,
we've
had
kind
of
a
jump
start
to
our
short-term
affordability
through
the
covid
relief
funds.
The
emergency
rental
assistance
program
can
be
used
for
utility
bills,
and
people
are
using
that
it's
been
great
to
see.
So
that's
really
been
a
nice
stop
gap
here
in
the
near
term,
with
the
impacts
of
covet
19.
That's
really
jump
started
some
of
the
affordability
discussions.
H
H
H
And
just
to
give
you
a
sense
for
the
the
next
kind
of
key
key
dates
on
the
timeline
heather
mentioned
next
week,
we'll
be
actually
requesting
the
formal
approval
of
council
to
proceed
in
the
direction
of
a
bond
election
in
july.
We'll
have
the
city
budget
and
rate
hearing
workshop
august
september
we're
shooting
for
an
update
on
affordability
programs.
So,
as
we
move
forward,
you'll
have
a
sense
for
how
we
want
to
increase
the
applicability
and
the
availability
of
affordability
assistance.
H
Heather
mentioned
our
plan
is
by
october
1
to
have
the
9.9
rate
increase
and
then
november
2nd
will
be
the
bond
election.
A
yes
vote
is
no
further
rate
change
for
fy22
and
a
no
vote
would
mean
we'd
have
an
additional
rate
increase
to
take.
The
total
rate
increase
for
fy
22
to
53
again
reiterating
the
9.9
and
53
are
not
additive.
9.9
again
gets
rolled
into
the
53
for
a
total
of
53
for
fy22.
D
Weddings
yeah,
madam
mayor,
not
a
question
but
a
comment.
I've
been
a
nerd
about
this
for
a
very,
very
long
time
now,
and
I'm
so
glad
that
we're
finally
coming
to
the
point
where
it's
like
all
right,
we
get
to
ask
the
question
I'm
very
much
in
support
of
the
cash
and
bond
scenario.
D
I
think
that
it
really
makes
sense
as
far
as
the
folks
that
are
going
to
benefit
from
the
infrastructure
upgrades
and
growth-
and
you
know
yeah,
like
everyone
would
love
to
pay
cash,
but
we
also
don't
want
to
price
folks
out
of
living
here
from
a
utility
standpoint,
so
I
think
that
it
makes
a
ton
of
sense
and
again
I
think
we
had
this
conversation
last
time.
D
You
were
here
talking
about
this.
It
doesn't
obligate
us
to
take
all
of
the
bonding
if
other
funding
becomes
available.
So
I
think
that
it's
a
really
smart
way
to
go
forward.
It
gives
us
a
lot
more
flexibility
and
really
protects
our
ratepayers
now
ensuring
that
we
are
compliant
well
into
the
future.
So
thank
you
for
all
of
the
work
the
public
works
has
done
on
this.
I
think
that
it's
been
a
really
tremendous
effort
and
fabulous
to
watch
and
finally
see
the
fruit
of
the
conversation.
G
G
Yeah
I'll
also
speak
pretty
strongly
in
favor
of
the
blended
financing
model.
For
a
couple
of
reasons.
First,
I
see
it
as
a
choice
between
essentially
two
products
for
funding.
This
mandatory
obligation
that
we
have
to
pay
for,
and
that's
a
that's
a
point
that
steve
made
that's
really
important.
You
know
we
have
to
do
this
stuff.
We
have
to
buy
it.
It's
not
like
we're
getting
a
shiny
new
car.
G
We
need
the
toilets
to
flush.
We
also
the
law
says
we
have
to
meet
the
clean
water
act
and
the
eq
standards.
So
then
the
question
is
how
best
to
pay
for
it
and
there's
two
products.
Really
one
is
slightly
cheaper
and
much
more
terrible
in
every
way
it
will
cause
rate
shocks.
It
will
prevent
our
ability
to
plan.
G
It
will
make
us
be
subject
to
inflation
risk
in
this
long-term
planning
financial
planning
picture
and
it
will
hit
rate
payers
early
with
the
biggest
costs
at
the
beginning,
which,
for
long-term
household
financial
planning,
is
a
terrible
thing
to
do
for
long-term
rate
stability
and
predictions.
It's
a
terrible
thing
to
do,
and
then
finally,
there's
a
generational
equity
piece.
It
will
cause
present
rate
payers
to
buy
things
for
people
who
do
not
exist
in
boise
yet
and
in
return,
those
people
who
do
not
exist
in
boise
yet
will
not
have
to
pay
for
anything.
G
So
there's
a
fairness
issue.
On
the
flip
side,
with
the
blended
debt
cash
model
we
get
smooth
and
predictable
rates.
We
get
the
benefit
of
borrowing
somewhere.
Around
four
percent,
which
is
really
close
to
free
money,
will
be
relatively
insulated
from
inflation
as
time
goes
on.
In
the
event
that
all
the
crazy
pundits
are
right,
we
will
be
locked
in
we'll
be
better
able
to
meet
those
bond
obligations.
G
It
will
smooth
all
of
the
cost
of
the
entire
project,
like
I
said
a
moment
ago,
and
it
will
also
preserve
the
flexibility
to
pay
for
things
in
other
ways.
So
if
we
decide
that
we
find
a
bunch
of
cash
or
we
want
to
use
cash,
we
always
can
so
that's
using
the
blended
model
doesn't
even
throw
away
the
other
option,
but
it
gives
us
a
stable,
predictable,
long-term,
more
cost-effective,
better
financial
model
for
citizens,
that's
generationally,
equitable,
and
that
still
preserves
a
cash
option.
G
So
you
know,
I
wouldn't
say
it's
a
no-brainer
because
it's
a
pretty
brand-new
topic,
but
I
think
when
you
dig
in
you
really
do
see
it's
the
difference
between
a
slightly
cheaper,
much
much
worse
way
of
doing
it
and
it's
slightly
more
expensive
in
the
long
term,
total
dollar
value
vastly
superior
way
of
doing
it.
So
I'm
very
strongly
in
support
of
the
blended
model.
B
K
K
I'm
absolutely
in
support
of
everything
that
every
single
one
of
our
council
members
have
already
said.
I
do
have
one
question.
The
question
is
just
I
know
it's
come
up
just
a
little
bit
in
some
of
our
public
works
commission
meetings
and
it's
the
conversation
around
federal
funding
and
how
potential
federal
funding
might
affect
this,
and
I
would
assume
that
this
would
still
be
the
path
that
we
would
be
pursuing.
K
Even
if
federal
funding
would
come
in
and
I
guess
my
question
is
just:
do
you
have
any
thoughts
or
insight
or
yeah
on
that
topic
of
federal
funding
and
how
that
may
affect
between
now
and
when
an
election
may
take
place
for
a
vote.
H
Madam
mayor
council,
member
halliburton,
thank
you
for
the
question.
Yes,
we're
tracking
it
very
closely.
We've
had
several
phone
calls
with
epa.
They
have
various
funding
programs
that
that
currently
exist,
but
also
there
may
be
additional
funding
through
the
infrastructure
bill.
Kathy
grismeyer.
The
mayor's
office
has
been
amazing
to
work
with.
She
is
on
top
of
it
and
helping
us
navigate
a
lot
of
those
kind
of
intergovernment
intergovernmental
affairs.
H
So
the
to
the
to
your
question
we
would
if
we
went
forward
with
a
cash
and
bond
and
say
we
got,
you
know
the
opportunity
to
a
grant
for
say
100
million
dollars,
then
that
would
mean
we
wouldn't
have
to
borrow
that
hundred
million
dollars
so
so
to
council.
Member
of
agents
point
going.
The
cash
and
bond
route
does
not
preclude
us
from
getting
access
to
some
of
the
federal
grants
that
may
come
forward
or
getting
access
to
increased
funding
for
existing
programs.
H
That
maybe
epa
is
is,
is
pushing
or
are
offering
to
us
so
yeah.
We
would
keep
our
options
open.
In
short,.
K
Yeah,
madam
mayor
yeah,
thank
you
steve
thanks
for
you
know,
making
that
very
clear
for
us
and
how
this
is
still
the.
This
is
still
the
option
and
potentially
the
best
option
going
forward,
even
if
those
funds
were
able
to
come
through.
So
I
appreciate
that-
and
I
know
that
your
team
is,
you
know
following
those
very
closely.
B
Madam
mayor
council
member,
thank
you.
F
Jim,
thank
you
steve.
Thank
you
also
for
highlighting
the
fact
that,
even
even
with
that
reduced
rate
increase,
if
we
were
to
go
with
the
cash
and
bond
route
that
it
would
still
be
a
bit
of
a
hardship
for
those
folks
who
are
really
at
that
lower
income
level,
and
and
thank
you
for
thinking
about
how
we
can
highlight
those
resources
that
might
exist
just
to
to
help
them
cover
that
that
increase,
because
I
think
you're
correct.
F
There
are
folks
who
unfortunately
suffer
in
silence
and
are
they're
not
willing
to
do
what
the
woman
that
I
mentioned
when
the
gentleman
from
ccdc
was
here,
they're
not
willing
to
be
public
about
their
need,
because,
unfortunately,
in
our
society
we
shame
people
in
need,
and
so
I
think
anything
we
can
do
to
make
sure
folks
know
that
that
they're
not
going
to
be
left
out
in
the
cold,
even
with
a
minimal,
but
for
some
of
us
to
be
a
minimal
increase
that
we're
still
going
to
be
able
to
help
them.
B
Well,
steve
one
last
comment
from
me:
you
know
again
thanks
for
the
presentation,
good
information.
B
I
think
a
lot
of
good
points
have
been
made,
though
one
point
that
no
one
has
really
talked
about
is
that
the
citizens,
the
residents
of
boise
in
1947,
had
the
foresight
to
pass
a
bond
so
that
we
could
build
the
lander
street
wastewater
treatment
plant
now
the
water
renewal
facility
and
that
bond
allowed
the
city
for
the
next
60
some
years,
almost
70
some
years
to
go
on
a
cash-only
basis,
and
now
it's
our
generation's
turn
to
have
that
same
foresight,
so
that
the
residents
of
the
city
of
boise
can
enjoy
clean
water,
equitable
access
to
rate
structures
and
a
clean
environment.
B
B
D
I'm
going
to
take
us
back
even
farther
than
that,
I
believe
to
the
league
of
women.
Voters
who
voted
to
have
municipal
wastewater
treatment
in
the
first.
D
G
H
Madam
mayor
councilmember,
that's
a
good,
interesting
question.
Let
me
get
back
to
you.
I
don't
know
fair.
G
Enough,
I
was
just
imagining
a
really
public
works,
nerdy
citizen
who
wants
the
best
of
the
cash
scenario
and
the
best
of
the
blended
scenario
and
then
hedges,
the
blended
cost
by
buying
the
bond
and
then
paying
their
rates
steadily
so
that
they
end
up
paying
cash
rates
for
the
bond
benefit
product.
And
that
is
something
that
you
know
the
average
citizen
probably
wouldn't
do.
But
it's
something
that
some
of
our
big
bigger
rate
payers
might
do
and
if
that
makes
it
attractive
to
them
in
some
way.
That
might
be
helpful.
B
Well,
thank
you
anything
more
well.
We
look
forward
to
the
budget
hearing
and
I
look
forward
to
talking
about
this
publicly
as
well.