Board of Finance

Board of Finance Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Join from PC, Mac, iPad, or Android: https://zoom.us/j/91275255239 Phone one-tap: +13052241968, 91275255239# US Join via audio: +1 305 224 1968 US Webinar ID: 912 7525 5239 International numbers available: https://zoom.us/u/ahCM7CDTO **CCTV link: https://www.youtube.com/playlist?list=PLljLFn4BZd2PwCge7lNoKug676jIf_iUA ** 1. Agenda Subject 1.1. Motion to adopt agenda Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 1. Agenda Department Council and Board Type Action Procedural Recommended Action Motion to adopt agenda 2. Public Forum Subject 2.1. Verbal Comments Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 2. Public Forum Department Council and Board Page 1 of 76  Type Action Procedural Recommended Action open Public Forum close Public Forum 3. Consent Agenda Subject 3.1. Motion to adopt the consent agenda and take the actions indicated Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Council and Board Type Action (Consent) Procedural Recommended Action Motion to adopt the consent agenda and take the actions indicated Subject 3.2. March 9, 2026 Board of Finance Meeting Minutes - DFA Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Department of Finance and Administration Type Information Minutes Action (Consent) Recommended Action approve the minutes Subject 3.3. FY25 City of Burlington TIF District Reports to the Vermont Economic Progress Council (VEPC) Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Community & Economic Development Office (CEDO) Type Action (Consent) Information Report Recommended Action to accept the staff report 4. FY27 General Fund Budget Presentation Subject 4.1. FY27 General Fund Budget Presentation - Mayor/DFA Page 2 of 76  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. FY27 General Fund Budget Presentation Department Mayor's Office Type Discussion Information Presentation 5. Deliberative Agenda Subject 5.1. Advanced Life Support Intercepts - Fire Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 5. Deliberative Agenda Department Fire Department Type Action Recommended Action to approve and recommend that the City Council authorize for the Burlington Fire Department (BFD) to bill transporting EMS agencies for Advanced Life Support (ALS) intercept services provided at the approved EMS District 3 contract rate for such services, and to authorize the Chief Engineer to execute reimbursement agreements with agencies requesting such services, subject to review and approval as to form by the City Attorney’s office Subject 5.2. Request for Creation of Position and Job Description Department of Parks, Recreation & Waterfront - BPRW Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 5. Deliberative Agenda Department Parks, Recreation, & Waterfront Type Action Recommended Action 1. To approve and recommend that the City Council approve creation of one (1) Recreation Manager: Leddy Arena and Sports, a regular, full-time, non-union, exempt, grade 20 position in the Department of Parks, Recreation, and Waterfront. 2. To approve and recommend that the City Council authorize the Chief Administrative Officer or designee to make such amendments and transfers of funds to the FY26 Budget as may be necessary or convenient to effect the foregoing position creation, in substantial conformance with the information outlined in the above staff report, for a budget neutral fiscal year impact. Subject 5.3. Creation of two new CEDO positions within the CJC - CEDO/CJC Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 5. Deliberative Agenda Department Community & Economic Development Office (CEDO) Page 3 of 76  Type Action Recommended Action to approve and recommend that the City Council approve the creation of two Reentry Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16, position Subject 5.4. Award of College Street Outfall and Stormwater Separation Feasibility Study Contract - DPW - Water Resources Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 5. Deliberative Agenda Department Public Works Department - Water Resources Type Action Recommended Action 1. To approve and authorize the Director of Public Works, Chapin Spencer, to execute a contract with Hoyle, Tanner for total contract amount of $410,546 for the College Street Outfall and Stormwater Separation Feasibility Study project, subject to the review by the City Attorney. 2. To approve and authorize the Chief Administrative Officer, or their designee, to effect all necessary budget amendments in substantial conformance with this request. 6. Adjournment Subject 6.1. Motion to adjourn Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 6. Adjournment Department Council and Board Type Action Procedural Recommended Action Motion to adjourn Page 4 of 76 Page 5 of 76 Page 6 of 76 Page 7 of 76 Page 8 of 76 Page 9 of 76 Page 10 of 76 Page 11 of 76 Page 12 of 76 To: Board of Finance City Council From: Kara Alnasrawi, CEDO Director CC: Katherine Schad, CAO Ashley Parker, Capital Program Director Stephen Donahue, Senior Accountant Gummi Jonsson, CEDO Real Estate Development Manager Date: March 23, 2026 RE: FY25 City of Burlington TIF District Reports to the Vermont Economic Progress Council (VEPC) Under state law, the City is required to report annually on the status of its two Tax Increment Financing (TIF) districts. City staff have worked interdepartmentally, with VEPC and the Vermont Department of Taxes to compile these reports. We are now certifying to the municipal legislative body (City Council) the amount by which the value within the stated fiscal year within each of our two tax increment financing (TIF) districts has increased or decreased relative to the original taxable value (OTV) for each of the respective districts and that the information provided in the reports represent true and accurate statements. Having thus certified and presented these reports to Burlington’s municipal legislative body as required by law, we will then execute the certification forms which are included in the materials provided with the attached Waterfront TIF District and Downtown TIF District reports for FY25. These reports will next be certified and submitted by Mayor Mulvaney-Stanak to VEPC on or before April 1, 2025. Please do not hesitate to contact us with any questions or concerns. Additional Documents: 1) Downtown TIF Report FY25 2) Waterfront TIF Report FY25 Motion: To accept the staff report. (No further action is required by the Board of Finance or City Council. State law merely requires presentation of this information to you.) Page 13 of 76  CERTIFICATION OF INCREMENT AND ANNUAL REPORT STATUTORY REQUIREMENT: (24 VSA §1895) “As of the date the district is created, the lister or assessor for the municipality shall certify the original taxable value and shall certify to the legislative body in each year thereafter during the life of the district the amount by which the total valuation as determined in accordance with 32 VSA Chapter 129 of all taxable real property located within the tax increment financing district has increased or decreased relative to the original taxable value.” RULE REQUIREMENT: (SECTION 903) “Increase/Decrease in Assessed Valuation: Each year following the year of creation, the listers or assessor shall certify to the municipal legislative body the amount by which the total assessed valuation of taxable properties within the TIF District has increased or decreased compared to the municipal and education OTV. Prior to providing the certification to the municipal legislative body, the listers or assessor shall have the calculation of the increase or decrease, including an examination of the disposition and tax status of each parcel within the District, verified by a second party. Selection of the second party is up to the municipality and may be an individual within or outside of the municipal government. However, the individual should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District increment. A copy of the certification of the value and the increase or decrease must be included in the Annual Report required by Section 1004.2 of this Rule along with a certification that a second party reviewed the information. The Council will provide a form on which to provide this certification.” SECTION 1: Certification of Increment by Assessor or Lister and 2nd Party Reviewer Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete. The second party reviewer should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District increment. We certify that, per TIF Rule Sections 903 and 1004.2, we have examined and verified the current value, the calculation of the increase or decrease in property values, the disposition and tax status of each parcel within the District, and any other issues relevant to the parcels listed in the Certified OTV Property Report. We have certified to the municipal legislative body, at a regular or duly warned meeting that the information provided in this report represent true and accurate statements. Signature of Assessor or Lister X Name: Title Date Signature of 2nd Party Reviewer X Name: Title Date SECTION 2: Certification of Annual Report Provide the date the annual report was presented to the municipal legislative body. Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete. Date report presented to the municipal legislative body: I certify that I am an official of the reporting municipality with the authority to report on this TIF District on behalf of the municipality. I certify that the annual report data entered and all documents attached in support of this annual report are true, correct and complete to the best of my knowledge. Signature of Authorizing Official* X Name: Title Date * Authorizing Official is the Chief Executive Officer of the municipality as defined by 10 VSA § 683(8) such as a Select Board or City Council Member, Town or City Manager, or Town Administrator. Page 14 of 76  CERTIFICATION OF INCREMENT AND ANNUAL REPORT STATUTORY REQUIREMENT: (24 VSA §1895) “As of the date the district is created, the lister or assessor for the municipality shall certify the original taxable value and shall certify to the legislative body in each year thereafter during the life of the district the amount by which the total valuation as determined in accordance with 32 VSA Chapter 129 of all taxable real property located within the tax increment financing district has increased or decreased relative to the original taxable value.” RULE REQUIREMENT: (SECTION 903) “Increase/Decrease in Assessed Valuation: Each year following the year of creation, the listers or assessor shall certify to the municipal legislative body the amount by which the total assessed valuation of taxable properties within the TIF District has increased or decreased compared to the municipal and education OTV. Prior to providing the certification to the municipal legislative body, the listers or assessor shall have the calculation of the increase or decrease, including an examination of the disposition and tax status of each parcel within the District, verified by a second party. Selection of the second party is up to the municipality and may be an individual within or outside of the municipal government. However, the individual should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District increment. A copy of the certification of the value and the increase or decrease must be included in the Annual Report required by Section 1004.2 of this Rule along with a certification that a second party reviewed the information. The Council will provide a form on which to provide this certification.” SECTION 1: Certification of Increment by Assessor or Lister and 2nd Party Reviewer Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete. The second party reviewer should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District increment. We certify that, per TIF Rule Sections 903 and 1004.2, we have examined and verified the current value, the calculation of the increase or decrease in property values, the disposition and tax status of each parcel within the District, and any other issues relevant to the parcels listed in the Certified OTV Property Report. We have certified to the municipal legislative body, at a regular or duly warned meeting that the information provided in this report represent true and accurate statements. Signature of Assessor or Lister X Name: Title Date Signature of 2nd Party Reviewer X Name: Title Date SECTION 2: Certification of Annual Report Provide the date the annual report was presented to the municipal legislative body. Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete. Date report presented to the municipal legislative body: I certify that I am an official of the reporting municipality with the authority to report on this TIF District on behalf of the municipality. I certify that the annual report data entered and all documents attached in support of this annual report are true, correct and complete to the best of my knowledge. Signature of Authorizing Official* X Name: Title Date * Authorizing Official is the Chief Executive Officer of the municipality as defined by 10 VSA § 683(8) such as a Select Board or City Council Member, Town or City Manager, or Town Administrator. Page 15 of 76  Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes VEPC Staff Contact Information: Ellie Beckett, (802) 622-4674, ellie.beckett@vermont.gov Reports are due on or before January 1, 2026 Please submit reports to accd.vepctifannualreport@vermont.gov Please submit GL24 TIF Proceeds Report with the District Annual Report I. District Information: Municipality & District Burlington: Waterfront TIF District Reporting Period: July 1, 2024 - June 30, 2025 Name of Person Completing Report Kara Alnasrawi Grand List Year: 2024 Title Director, Community $ Economic Development Email Address kalnasrawi@burlingtonvt.gov Telephone 802-238-1910 Date Report Completed December 24th, 2025 NOTE: All information reported on this form by the municipality must be for the Reporting Period and Grand List Year identified above. II. TIF District Data: Base Data (Original Taxable Value) 1996 Value 2010 Value 2 Parcels All Others Municipal $ 43,260,502 $ 123,156,002 OTV Total Acres 0.31 104.91 Homestead- Education $ 1,007,200 $ 19,423,600 OTV Total Parcels 2 111 Non Residential- Education $ 42,253,302 $ 103,551,622 Total Education $ 43,260,502 $ 122,975,222 Parcel Information (All Parcels) Current Acres 104.47 Taxable Values as of April 1 Cherry St - 2 Parcels Full District Current Parcels 109 Municipal $ 30,297,700 $ 162,393,900 Commercial 120% Surcharge $ 3,253,740 $ 22,394,520 Tax Rates Applied to the April 1 Grand List Homestead- Education $ 26,228,500 Non Residential- Education $ - $ 135,882,432 Municipal (General Fund) $ 0.8326 Total $ 162,110,932 Homestead $ 1.5985 Non Residential $ 1.5837 Increase (Decrease) in Taxable Values (auto- calculated) From 1996 Value From 2010 Value List Special Municipal Tax Rates Municipal $ 79,895,500 $ 39,237,898 1 Local Agreement $ 0.0005 Homestead- Education $ 18,473,600 $ 6,864,000 2 DID Tax Rate $ 0.3500 Non Residential- Education $ 61,241,120 $ 22,372,312 3 $ - Total Education $ 79,714,720 $ 29,236,312 4 $ - 5 $ - TIF Increment Revenue Retained for Reporting Year* 6 $ - Municipal $ 992,500.00 7 $ - Commercial 120% Surcharge $ 118,837.00 Total Special Municipal Tax Rates $ 0.3505 DID Lump Sum $ 23,522.00 Homestead- Education $ 375,968.00 Total Municipal (General Fund) & Special $ 1.1831 Non Residential- Education $ 1,410,343.00 Rates Total Education $ 1,786,311 Total TIF Revenue $ 2,921,170 *Provide VEPC with documentation of the calculation of increment. Other TIF Fund Income Source Education Municipal Total 1 $ - $ - 2 City Place Partner Tax Replacement Payments $ 33,333 $ 33,333 3 $ - $ - 4 $ - $ - 5 $ - $ - Total: $ - $ 33,333 $ 33,333 1/7 Page 16 of 76  Changes to Individual Parcels SPAN Number Describe Change 1 043-4-009-004 Residential upgrades and improvements 2 043-4-009-010 Residential upgrades and improvements 3 044-4-005-000 Value loss due to grievance results 4 044-4-033-000 City Place value increase due to improvement completion progress 5 6 Additional Information In FY26, the City Place Partners made three tax replacement payments to support three invoices from FY25 (total of $100,000). These funds were not received by the City until after the books had closed in FY26, so those revenues will be reported on in the FY26 Annual Report. FY26 will also see an additional two payments to wrap up the ARDA requirements. III. Votes and Financing: Public Vote Information. Check the appropriate box. Make sure to provide the date if information has been submitted to VEPC. No public votes or debt obligations occurred during this reporting period. Yes there were public votes and/or debt obligations during this reporting period. Vote and debt obligation documents were submitted to VEPC. (Enter date submitted) Sent to VEPC 12/2/2025 Vote and debt obligation documents are uploaded with this report. Debt Instruments Term Period Remaining Interest Total Payment for Date Approved Infrastructure and Debt in (ie. 1/1/2016- Principal Interest Total Principal Rate Reporting Period by Voters Years 12/31/2026) Balance Existing Debt: 1 Waterfront Renovation Project 2014 Series B (2014- (Interfund Transfer - Bike Path & 10 4.28% $ 7,800,000 $ 1,143,738 $ 8,943,738 $ 735,418 $ - 11/6/12 + 2024) Waterfront North) 3/4/2014 2 2014 HUD Sec 108 10 Moran Redevelopment 10 5.00% $ 2,091,000 $ 185,694 $ 2,276,694 $ 198,504 $ 181,000 Years (2015-2025) 3/4/2014 3 2016B COPS 5 Years Waterfront Fishing Pier 5 5.00% $ 143,489 $ 17,959 $ 161,448 (2015-2021) 2006 4 2016A COPS 9 Years Lakeview , College, Westlake Garage 9 5.00% $ 5,145,000 $ 1,098,078 $ 6,243,078 $ 589,368 $ - (2016-2024) 2006 General Obligation Waterfront Tax 8 11/28/2018-5/1/2025 5.00% $ 745,000 $ 119,180 $ 864,180 $ 130,375 $ - Increment Bond Series 2018E 3/4/2014 Series 2018C - Burlington Harbor Marina, 5 8 11/28/2018-5/1/2025 5.00% $ 405,000 $ 76,106 $ 481,106 $ 73,500 $ - ECHO 3/4/2014 New Moran Inc. $3,559,000; BTC Public Series 2019 12/20/2019- 6 6 2.61% $ 4,360,000 $ 573,369 $ 4,933,369 $ 3,815,601 $ - Improvement $801,000 06/30/2025 3/4/2014 New Debt: Example: Main Street Lights - General 11 1/1/2016-12/31/2025 5.60% $ 3,250,000 $ 500,000 $ 3,750,000 $ 340,909 $ 2,950,000 Obligation Bond City Place Burlington, $18,840,000; Series 7 $ 18,840,000 $ 18,840,000 $ 877,818 $ 18,840,000 2024 11.01.2016 8 Total $ 39,529,489 $ 3,214,124 $ 42,743,613 $ 6,420,585 $ 19,021,000 Refinancing. Was any portion of TIF District debt refinanced during this reporting period? Annual Debt Service Principal Paid $ 5,445,636 No Interest Paid $ 1,019,530 Yes, please provide details. Fees/Other Costs Paid $ - On April 28, 2025, the City Council authorized the refinancing of the $18,840,000 Total Paid $ 6,465,166 note for the Waterfront TIF District. Council originally authorized the note on May Direct Payments: Enter the total amount of any TIF direct payments made during $ - Date Approved by Voters: this period. Additional Information As the City is still utilizing a Note as a financing tool for this TIF District, and that Note was refinanced as noted above, the City still does not have an amortization schedule. The City did have to pay interest in FY25 on the previous note, and that has been captured in the debt payment section above. At the close of FY25, the City had recorded fiscal-year- to-date interest earnings of $792,360.99. The City is aware that these earnings can only be used to support expenditures related to the approved TIF District project, and a Substantial Change Request will be required to receive VEPC authorization to use them and incorporate them into a budget. 2/7 Page 17 of 76 IV. Improvements and Funding: Improvement Expenditures Of the Total Expenditure listed: Total Improvement Expenditure Name of Improvement The amount paid with TIF The amount paid with Non- for this report period Revenues TIF Revenues 1 Bike Path Completed in FY17. $ - $ - $ - 2 Waterfront Access North Completed in FY19. $ - $ - $ - 3 Waterfront Park Upgrades Completed in FY19. $ - $ - $ - 4 Moran Building Completed in FY24. $ - $ - $ - 5 Lake Champlain Community Sailing Center Completed in FY18. $ - $ - $ - 6 Burlington Harbor Marina Completed in FY19. $ - $ - $ - 7 ECHO Sustainability Park Completed in FY19. $ - $ - $ - 8 Cherry & Bank Street Streetscape Improvements (Street improvements to the City’s “Great Streets” standards for six blocks of public rights of way on Cherry Street (from Battery to Church Street) and Bank Street (from Pine to Church Street) The public improvements construction on Bank Street, including new and upgraded utilities, sidewalk, and streetscape amenities was nearly complete in FY25. Design for $342,167.00 $408,296.82 $ 750,464 the other blocks of Bank Street and Cherry Street, which also has funding from our federal grants has progressed into the right-of-way phase and recieved permitting 9 St. Paul Street Extension (Acquisition and construction of St. Paul Street, creating new blocks of City Public rights of way). A portion of the public improvements constuction on the south end of Saint Paul Street around the CityPlace South Tower was nearly complete in FY25. Design for the $2,270,585.74 $68,235.78 $ 2,338,822 east side of the street and other final streetscape amenities, which also has funding 10 Pine Street Extension (Acquisition and construction of Pine Street, creating new blocks of City Public rights of way). Utility work and necessary renovations to the 100 Bank Street building starting on Pine Street in FY25. Design for the west side of the street and other final streetscape $71,587.50 $68,235.78 $ 139,823 amenities, which also has funding from our federal grants, has progressed into the Total $ 2,684,340 $ 544,768 $ 3,229,109 Check $ 3,229,109 3/7 Page 18 of 76  Total Amount Secured Total Amount Spent to Sources of Non-TIF Revenues for Date Total Amount Spent this Period Closed Each Source 1 VT Trans Revenue $ 2,500,000 $ 2,500,000 $ - X 2 VT Sales Tax Reallocation $ 229,498 $ 229,498 $ - X 3 Developer's Payment $ 144,037 $ 144,037 $ - X 4 CDS CD23 1 Grant $ 12,000,000$ 260,113 $ 231,456 5 RAIZ 5 Grant $ 22,384,000$ 515,342 $ 411,088 6 Sales Tax Reallocation - 9/14/2023, 3/7/2024, & 3/17/2025 $ 2,539,408 $ 480,052 7 City Capital Local Match for CDS Grant - 9/14/2023 & 2/20/2025 $ 600,000 $ 5,990 $ 5,990 8 $ - $ - 9 $ - $ - 10 $ - $ - 11 $ - $ - Total $ 40,396,943 $ 4,135,032 $ 648,534 Non-TIF Revenues Reported under Improvement Expenditures $ 544,768 Related Costs The amount paid with The amount paid with List and describe the related cost(s) Vendor Total Cost for this report period Education Revenue Municipal Revenue 1 Professional Consultant Services See attached Prof & Consult Vendor Breakdown $ 48,074 $ 30,542 $ 78,616 2 $ - $ - $ - 3 $ - $ - $ - 4 $ - $ - $ - 5 $ - $ - $ - Total $ 48,074 $ 30,542 $ 78,616 Check $ 78,616 Check $ - V. Performance Indicators: Standard Real Property Development Burlington Harbor Marina Burlington Harbor Marina (75 Penny Lane) - public parking improvements and public infrastructure were built in support 1 of this private development project - the property became taxable for the April 1, 2020 Grand List $786,900 ECHO ECHO (1 College St) - tax exempt property - project completed and reported FY 2020 2 $15,200,600 Lake Champlain Community Sailing Center Lake Champlain Community Sailing Center (505 Lake St) - tax exempt property - project completed and reported FY 2018 3 $2,563,500 Moran Frame Moran Frame (475 Lake St) Phase 1A completed its finishing touches in FY 2023 - a tax exempt City propert, operated by 4 the Department of Parks and Recreation - Benefit to the City and the State come in the form of increased enhancement of the City's Waterfront - translating to tourist dollars (tax revenues to include Rooms and Meals tax, etcetera), and increased $2,262,400 property values throughout the City and the County by virtue of the vitality of the City's Waterfront CityPlace Real Property Development Phase 1: CityPlace, Retail, Parking, & Storage: During this reporting period, CityPlace Partners completed construction of the South Tower, which includes approximately 5 12,000 square feet of ground floor retail space. As of December 2025, roughly 3,300 square feet of this space is occupied. Construction of the North Tower is underway, with an additional 24,000 square feet of street level retail space anticipated $21,101,000 to open in 2027. The project also includes an enclosed parking garage that will serve both towers that is currently under construction. Phase 1: CityPlace Residential/ Housing: 4/7 Page 19 of 76  CityPlace Partners have completed construction of the South Tower, with approximately half of the 53 residential units leased as of December 2025, and the 161 room hotel open and fully operational. The North Tower, totaling approximately 6 320,000 square feet, is currently under construction and will include 320 residential units and a hotel with approximately 159 rooms, along with a mix of student oriented suites. The North Tower is expected to be completed in 2027. Phase 2: Hotel: Depending upon the availability of financing, Phase 2 is not currently slated to include hotel space 7 Phase 2: Residental/ Housing: Devonwood Investors, the owner/developer is applying for a HUD 221 d 4 loan for both construction and permanent financing. They have submitted an application for a zoning permit and the review is underway. 8 Phase II comprises a mixed use project of residential units over ground floor retail, tenant amenities and a parking garage on the lower level for Lots 4 and 5 of the CityPlace properties. Bounded by Church St on the East, Cherry on the North and St. Paul St on the west, the combined lots comprises 48,630 sf or 1.12 acres or land. Phaes 2: Retail & Parking: Phase 2 is slated to include ground floor retail and approximately 81 parking spaces in a underground garage 9 Total $41,914,400 Employment Opportunities The City Place Partner Team is reporting that there are 130-140 construction workers on site every day and this should continue until late 2027 when the North Tower is finished. The AC Hotel opened in City Place in late 2025 creating an estimated 200 jobs. While retail and restaurants have not yet opened, future establishments will create approximately 75-100 permanent jobs. Additional Information Mandated Jobs at June 30, 2021 Increase or Increase or NAICS Code Previous Location (if known) NAICS Code Previous Location (if known) (Decrease) (Decrease) 1 11 11 53 2 21 12 54 3 22 13 55 4 23 14 56 5 31-33 15 61 6 42 16 62 7 44-45 3 17 71 8 48-49 18 72 9 51 19 81 5/7 Page 20 of 76  10 52 20 92 Total Jobs Increase (Decrease) 3 Identify Source/Method for Obtaining Jobs Information See the attached report. City staff in the Community and Economic Development Office have been developing a Comprehensive Business list to track business openings and closures. This database is then filtered for businesses located within the TIF district. They then use the Economic & Labor Market Information Business Finder tool on the Vermont Department of Labor website to identify NAICS codes and employee size ranges. For any businesses not listed here, staff estimated size based on what is known about the businesses. Permanent job losses are estimated by applying a % unemployment factor to the total number of jobs in the District. The % unemployement factor is based on Burlington data as provided by the Vermont Department of Labor. Vermont Firms Total amount of work Name of Vermont Firm Name of Vermont Firm Total amount of work performed performed 1 White & Burke $ 30,692 11 $ - 2 Downs Rachlin Martin $ 389 12 $ - 3 Paul Frank & Collins $ 11,647 13 $ - 4 MSKVT $ 303 14 $ - 5 150 Bank Street LLC $ 35,500 15 $ - 6 Studio Projects LLC $ 62,500 16 $ - Resource: A Non Profit Community 7 $ 33,337 17 $ - Enterprise 8 Stantec Consulting Services Inc $ 610,254 18 $ - 9 City Place Partners LLC $ 2,486,977 19 $ - 10 20 $ - Total Amount of Work Performed $ 3,271,598 Additional Information TIF District Specific Transportation Enhancements: A new block of Pine Street and Saint Paul Street that reconnect Bank Street to Cherry Street will vastly improve pedestrian, transit, bicycle, and vehicle circulation in this TIF district. The TIF district is also receiving streetscape and roadway enhancements including: new decorative and pedestrian-scale lighting, traffic signal improvements, green stormwater infrastructure including permeable pavers, rain gardens, and tree wells, bike racks, new trees with soils cells to support healthy, mature trees long term, new granite curbing, new sidewalk, and new paving. CityPlace Partners have completed construction of the South Tower, with approximately half of the 53 residential units leased as of December 2025, and the 161 room hotel open and fully operational. The North Tower, totaling approximately 320,000 square feet, is currently under construction and will include 320 residential units and a hotel with approximately 159 rooms, along with a mix of student oriented suites. The North Tower is expected to be completed in 2027. Housing Changes (optional) Affordable Housing Market Rate Housing Total New 0 0 0 Elminated 0 0 0 Net Total 0 0 0 Unforeseen Events: Please describe any unforseen events (such as flooding) that have impacted the TIF District, its improvement projects, or private developments. Also detail how the municipality is working through those challenges. 6/7 Page 21 of 76 Current TIF District Activity: Please provide details regarding FY26 activities. This can include updates regarding specific projects, potential substantial change requests, etc. The City is contemplating coming to VEPC with a substantial change request that would contain two parts: 1) A request to use investment earning to pay for interest on the bond; 2) A request to alter the budget to reflect the incorporation of grant monies received by the City of Burlington that have yet to be officially incorporated into the budget. 7/7 Page 22 of 76 Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 07/2014-06/2015 (GL ACTUALS - VALUE/INCREMENT/REVENUES (GL 2012) (GL 2013) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) 2014) Non TIF Revenues Total Secured Total Expensed Returned TIF to VT (Gilabane) $ (163,177) $ (163,177) $ - $ - $ - $ - $ - $ - $ - $ - $ (163,177) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - VT Trans Revenue $ 2,500,000 $ 2,500,000 $ - $ 500,000 $ 250,000 $ 250,000 $ - $ - $ 750,000 $ 250,000 $ 250,000 $ 250,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - VT Sales Tax Reallocation $ 229,498 $ 229,498 $ - $ - $ 159,653 $ - $ 69,845 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Developer's Payment $ 144,037 $ 144,037 $ - $ - $ - $ - $ - $ 144,037 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - CDS CD23 1 Grant $ 12,000,000 $ 260,113 $ - $ - $ - $ - $ - $ - $ 28,657 $ 231,456 RAIZ 5 Grant $ 22,384,000 $ 515,342 $ - $ - $ - $ - $ - $ - $ 104,254 $ 411,088 Sales Tax Reallocation - 9/14/2023, 3/7/2024, & 3/17/2025 $ 2,539,408 $ 480,052 $ - $ - $ - $ - $ - $ - $ 480,052 $ - City Capital Local Match for CDS Grant - 9/14/2023 & 2/20/2025 $ 600,000 $ 5,990 $ - $ - $ - $ - $ - $ - $ - $ 5,990 0 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 0 $ - $ - 0 $ - $ - 0 $ - $ - Total Other Sources $ 40,233,766 $ 3,971,855 $ - $ 500,000 $ 409,653 $ 250,000 $ 69,845 $ 144,037 $ 750,000 $ 250,000 $ 86,823 $ 250,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 612,963 $ 648,534 Check $ 3,971,855 Check $ 5,468,752 Other TIF Fund Income Total All Years Interest Earnings (Education) $ - $ - $ - $ - $ - $ - $ - Interest Earnings (Municipal) $ - $ - $ - $ - $ - $ - $ - Total Interest Earnings $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - City Place Partner Tax Replacement Payments $ 374,831 $ - $ - $ - $ 208,166 $ 133,332 $ 33,333 0 $ - $ - $ - $ - $ - $ - $ - 0 $ - $ - $ - $ - $ - $ - $ - 0 $ - $ - $ - $ - $ - $ - $ - Total: $ 374,831 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 208,166 $ 133,332 $ 33,333 1/1 Page 23 of 76  Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (GL 2013) 07/2014-06/2015 (GL (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) (GL 2012) 2014) Updated based upon Reconciliation Report filed 2015 Debt service: Principal Interest Total Service Total Year to Date Lake Street Construction 1999- HUD Sec 108 18 Years (2000-2017) $ 1,110,133 $ 640,843 $ 1,750,976 $ 1,750,977 $ 20,000 $ 90,948 $ 95,856 $ 93,432 $ 110,167 $ 116,518 $ 107,893 $ 109,126 $ 100,049 $ 90,847 $ 69,349 $ 72,694 $ 71,741 $ 70,382 $ 68,656 $ 76,560 $ 74,169 $ 82,142 $ 107,712 $ 122,736 Lake Street Extension 1999 - HUD Sec 108 15 Years (2000-2014) $ 495,000 $ 382,757 $ 877,757 $ 877,763 $ - $ - $ - $ - $ - $ 12,765 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 264,930 $ 256,725 Urban Reserve Acquisition 1999 COPS 19 Years (2000-2018) $ 1,390,000 $ 690,652 $ 2,080,652 $ 2,080,653 $ 25,304 $ 104,943 $ 103,368 $ 106,680 $ 104,855 $ 102,980 $ 105,958 $ 103,785 $ 106,470 $ 104,025 $ 106,446 $ 108,610 $ 105,591 $ 107,373 $ 108,845 $ 575,420 $ - $ - $ - Lakeview Parking Garage 1999 - COPS 19 Years (2000-2018) $ 5,500,000 $ 2,521,308 $ 8,021,308 $ 7,157,210 $ 98,423 $ 236,216 $ 476,316 $ 505,716 $ 523,559 $ 535,131 $ 535,884 $ 545,816 $ 540,031 $ 548,529 $ 551,104 $ 298,091 $ 299,640 $ 295,664 $ 296,094 $ 291,081 $ 290,584 $ 289,331 $ - Waterfront Fishing Pier 2000 - COPS 20 Years (2001-2021) $ 407,130 $ 287,004 $ 694,134 $ 526,412 $ 22,329 $ 33,924 $ 34,250 $ 34,040 $ 33,802 $ 33,538 $ 33,247 $ 32,930 $ 34,035 $ 33,585 $ 33,590 $ 33,542 $ 32,958 $ 33,313 $ 33,579 $ 33,750 $ - Lakeview, College, Westlake Garage 2005 - COPS 20 Years (2006-2026) $ 7,870,000 $ 4,164,943 $ 12,034,943 $ 6,330,185 $ 297,174 $ 330,194 $ 635,194 $ 632,994 $ 635,393 $ 632,193 $ 633,593 $ 634,394 $ 634,594 $ 633,231 $ 631,231 $ - College Street Garage Improvements 2012(FY) Lease Financing (2011-2016) $ 436,610 $ 22,348 $ 458,958 $ 417,235 $ 83,447 $ 83,447 $ 83,447 $ 83,447 $ 83,447 $ - Waterfront Renovation Project Interfund Transfer (Bike Path & Waterfront North $ 7,800,000 $ 1,143,738 $ 8,943,738 $ 8,840,130 $ - $ 136,368 $ 940,161 $ 933,664 $ 925,100 $ 913,727 $ 899,430 $ 835,751 $ 862,528 $ 840,743 $ 817,241 $ 735,418 Moran Redevelopment $ 2,091,000 $ 185,694 $ 2,276,694 $ 2,112,601 $ - $ 6,809 $ 198,551 $ 209,945 $ 218,176 $ 219,297 $ 217,652 $ 218,261 $ 213,371 $ 208,484 $ 203,552 $ 198,504 Waterfront Fishing Pier 2016B COPS 5 Years (2015-2021) $ 143,489 $ 17,959 $ 161,448 $ 160,653 $ 32,007 $ 32,059 $ 32,426 $ 32,099 $ 32,061 $ - $ - $ - $ - Lakeview , College, Westlake Garage 2016A COPS 9 Years (2016-2024) $ 5,145,000 $ 1,098,078 $ 6,243,078 $ 6,213,028 $ 880,100 $ 886,400 $ 883,300 $ 597,625 $ 594,360 $ 595,000 $ 594,375 $ 592,500 $ 589,368 es 2018C - Burlington Harbor Marina, ECHO 11/28/2018-5/1/2025 $ 405,000 $ 76,106 $ 481,106 $ 481,106 $ - $ 43,606 $ 73,500 $ 70,750 $ 73,000 $ 75,000 $ 71,750 $ 73,500 aterfront Tax Increment Bond Series 2018E 11/28/2018-5/1/2025 $ 745,000 $ 119,180 $ 864,180 $ 864,180 $ 78,615 $ 134,240 $ 129,725 $ 130,210 $ 130,480 $ 130,535 $ 130,375 559,000; BTC Public Improvement $801,000 Series 2019 12/20/2019-06/30/2025 $ 4,360,000 $ 573,369 $ 4,933,369 $ 4,933,369 $ 114,227 $ 257,198 $ 252,475 $ 248,690 $ 245,178 $ 3,815,601 y Place Burlington, $18,840,000; Series 2024 0 $ 18,840,000 $ - $ 18,840,000 $ 2,467,370 $ 877,818 $ - $ - $ 711,733 $ 877,818 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Debt $ 56,738,362 $ 11,923,979 $ 68,662,341 $ 45,212,872 $ 143,727 $ 432,107 $ 697,869 $ 739,752 $ 772,831 $ 801,434 $ 809,948 $ 1,115,850 $ 1,136,402 $ 1,437,936 $ 1,420,339 $ 1,174,784 $ 1,169,166 $ 1,250,412 $ 1,250,805 $ 1,720,826 $ 1,284,598 $ 2,285,024 $ 2,189,839 $ 2,449,400 $ 2,427,697 $ 2,068,772 $ 3,015,924 $ 2,126,584 $ 2,097,772 $ 2,772,489 $ 6,420,585 $ 20,689,489 $ 3,214,124 $ 23,903,613 $ 23,605,067 $ 6,420,585 Total Related Costs All Years Related Costs $ 2,510,410 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,195 $ - $ 3,125 $ 2,875 $ 3,000 $ 10,376 $ 119,501 $ 172,552 $ 258,186 $ 222,554 $ 148,320 $ 227,228 $ 274,823 $ 51,079 $ 138,523 $ 620,482 $ 175,976 $ 78,616 78616.12 1/1 Page 24 of 76 Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes NOT APPLICABLE AT THIS TIME FOR BURLINGTON WATERFRONT TIF DISTRICT. Page 25 of 76  Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes VEPC Staff Contact Information: Ellie Beckett, (802) 622-4674, ellie.beckett@vermont.gov Reports are due on or before January 1, 2026 Please submit reports to accd.vepctifannualreport@vermont.gov Please submit GL24 TIF Proceeds Report with the District Annual Report I. District Information: Municipality & District Burlington: Downtown TIF District Reporting Period: July 1, 2024 - June 30, 2025 Name of Person Completing Report Kara Alnasrawi Grand List Year: 2024 Title Director, Community & Economic Email Address kalnasrawi@burlingtonvt.gov Telephone 802-238-1910 Date Report Completed December 24, 2025 NOTE: All information reported on this form by the municipality must be for the Reporting Period and Grand List Year identified above. II. TIF District Data: Base Data (Original Taxable Value) Municipal $ 175,280,315 OTV Total Acres 61.27 Homestead- Education $ 6,635,312 OTV Total Parcels 287 Non Residential- Education $ 170,770,844 Total Education $ 177,406,156 Parcel Information Current Acres 61.25 Taxable Values as of April 1 Current Parcels 282 Municipal $ 302,114,200 Commercial 120% Value $ - Tax Rates Applied to the April 1 Grand List Homestead- Education $ 14,226,220 Non Residential- Education $ 287,351,089 Municipal (General Fund) $ 0.8326 Total Education $ 301,577,309 Homestead $ 1.5985 Non Residential $ 1.5837 Increase (Decrease) in Taxable Values (auto-calculated) List Special Municipal Tax Rates Municipal $ 126,833,885 1 DID Tax Rate $ 0.0350 Homestead- Education $ 7,590,908 2 Local Agreement $ 0.0005 Non Residential- Education $ 116,580,245 3 $ - Total Education $ 124,171,153 4 $ - 5 $ - TIF Increment Revenue Retained for Reporting Year* 6 $ - Municipal (100% Share) $ 1,056,653 Total Special Municipal Tax $ 0.0355 Commercial 120% $ 136,027 Total Municipal (General Fund) DID Sum $ 23,358 $ 0.8681 & Special Rates Homestead- Education $ 83,725 Non Residential- Education $ 1,273,934 Total Education $ 1,357,659 Total TIF Revenue $ 2,573,697 *Provide VEPC with documentation of the calculation of increment. Other TIF Fund Income Source Education Municipal Total 1/11 Page 26 of 76  1 $ - $ - $ - 2 Development Agreement Fee* $ 260,000 $ 260,000 3 $ - $ - 4 $ - $ - 5 $ - $ - Total: $ - $ 260,000 $ 260,000 *Per VEPC approval of October 2020 Substantial Change Request, Development Agreement Fee must be deposited into the TIF Fund. 2/11 Page 27 of 76  Changes to Individual Parcels SPAN Number Describe Change 1 049-3-112-000 Value loss due to grievance results 2 049-3-039-000 Improvements and upgrades made to the property 3 049-3-038-000 Upgrades made to the property 4 049-3-028-000 Addition of four retail units on ground floor 5 044-4-039-000 Renovation of residential units 6 044-4-010-000 Value loss due to grievance results Additional Information the III. Votes and Financing: Public Vote Information. Check the appropriate box. Make sure to provide the date if information has been submitted to VEPC. No public votes or debt obligations occurred during this reporting period. Yes there were public votes and/or debt obligations during this reporting period. Vote and debt obligation documents were submitted to VEPC. (Enter date submitted) Vote and debt obligation documents are uploaded with this report. Debt Instruments Term Period Total Payment Remaining Interest Infrastructure and Debt in (ie. 1/1/2016- Principal Interest Total for Reporting Principal Rate Years 12/31/2026) Period Balance New Debt: Side Streets - Great Streets: St. 1 19 12/20/2017-11/01/2035 5.00% $ 3,400,000 $ 1,738,852 $ 5,138,852 $ 282,450 $ 2,385,000 Paul/Main Streets Great Streets - St. Paul Street, Main 2 Street stormwater improvements, 18 11/28/2018-11/1/2035 5.00% $ 1,570,000 $ 803,363 $ 2,363,362 $ 134,875 $ 1,160,000 Series 2019=8D 3 Interfund Loan 5 1/1/2019-12/31/2023 0.00% $ 250,000 $ - $ 250,000 $ - $ - Great Streets - Main Street: General 4 Obligation Downtown Tax Increment 14 8/31/2022-11/1/2035 5.00% $ 30,120,000 $ 11,844,433 $ 41,964,433 $ 3,152,375 $ 26,660,000 Bonds, Series 2022B New Debt Example: Main Street Lights - General Obligation 11 1/1/2016-12/31/2025 5.60% $ 3,250,000 $ 500,000 $ 3,750,000 $ 340,909 $ 2,950,000 Bond 5 $ - 6 $ - 7 $ - Total $ 35,340,000 $ 14,386,648 $ 49,716,647 $ 3,569,700 $ 30,205,000 Debt Ceiling Approved by VEPC $ 40,179,696 Refinancing. Was any portion of TIF District debt refinanced during this reporting Annual Debt Service period? Principal Paid $ 2,010,000 No 3/11 Page 28 of 76  Interest Paid $ 1,559,700 Yes, please provide details. Fees/Other Costs Paid $ - Total Paid $ 3,569,700 Direct Payments: Enter the total amount of any TIF direct payments made $ - Date Approved by Voters: during this period. Additional Information At the close of FY25, the City was showing interest earnings of $1,070,773.05. The City is aware that these earnings can only be used to support expenditures related to the approved TIF District project. The City is working through a Substantial Change Request (initial hearing in December) to determine how to report on and use the earnings. 4/11 Page 29 of 76 IV. Improvements and Funding: Improvement Expenditures Of the Total Expenditure listed: Total Improvement Name of Improvement The amount paid with The amount paid with Expenditure for this TIF Revenues Non-TIF Revenues report period 1 Streets & Infrastructure: Streetscape, storm water, and utility upgrade improvements. Main - South Union to Battery Streets Construction of Main Street between Pine and South Winooski was continuous throughout FY25. Work towards replacement of subsurface utilities such as water and sewer were completed on the western most blocks of the project, while work on the Ravine Sewer bypass pipe occured in the eastern blocks of the project during this time. Stormwater retention tanks $ 8,375,713 $ 449,042 $ 8,824,755 were completed over the winter of 2024-2025 as well as base paving. Towards the end of FY25 the project was beginning the installation of new sidewalks, soils cells, and other surface features. Construction completion is estimated for Fall 2026. St. Paul/Main Concept Design Completed and reported in FY 2020 $ - $ - $ - Phase 1 Filing St. Paul - Main to Maple (includes King to Maple with underground) Completed and reported in FY 2020 $ - $ - $ - Stormwater - North side Main Street/City Hall Park Completed and reported in FY 2021 $ - 2 Brownfields: Remediation of parking structure site (Brown's Court). Completed and reported in FY 2019 $ - $ - $ - 3 Parking Structure Upgrades: Church Street Marketplace Garage. Completed and reported in FY 2017 $ - $ - $ - Total $ 8,375,713 $ 449,042 $ 8,824,755 Check $ 8,824,755 Total Amount Total Amount Spent Total Amount Spent Sources of Non-TIF Revenues Secured for to Date this Period Each Source 1 Water Distribution $ 95,350 $ 95,350 $ - 2 BED Capital $ 45,606 $ 45,606 $ - 3 Encumbrance Fee Payment(s) $ 25,950 $ 25,950 $ - 4 Third Party Communications (Outside Utilities) $ 156,207 $ 156,207 $ - 5 City Capital - Annual Capital Improvement Program (CIP) Bond $ 150,000 $ 150,000 6 Street Capital - Main Street - added 11/20/23, 7/15/24, & 7/2/2025 $ 546,477 $ - 7 Water Capital - added 7/15/24 $ 105,000 $ 41,787 $ 41,787 5/11 Page 30 of 76  8 Sewer Capital - added 7/15/24 & 5/5/2025 $ 357,947 $ 258,039 $ 258,039 9 VHB Petroleum Conaminated Soil Grant $ 149,216 $ 149,216 $ 149,216 10 St. Paul Soil PCF (FY22) $ 64,284 $ 64,284 $ - 11 Downtown Transportation Grant (FY26) $ 200,000 $ - $ - 12 $ - $ - $ - 13 $ - $ - $ - Total $ 1,631,753 $ 922,155 $ 449,042 Non-TIF Revenues Reported under Improvement Expenditures $ 449,042 Related Costs The amount paid with The amount paid with Total Cost for this List and describe the related cost(s) Vendor Education Revenue Municipal Revenue report period See attached Prof & Consult Svs Vendor 1 Professional & Consultant Services $ 11,410 $ 12,404 $ 23,814 Breakdown 2 Municipal Staff Time and Benefits Department of Public Works (DPW) $ - $ 70,000 $ 70,000 3 $ - $ - $ - 4 $ - $ - $ - 5 $ - $ - $ - Total $ 11,410 $ 82,404 $ 93,814 Check $ 93,814 V. Performance Indicators: Standard Real Property Development Stratos Project (Stuart Chase) - 33 housing units (inc. 5 inclusionary units - Champlain Housing Trust, all others market-rate). 1 193 St. Paul: Project completed and previously reported $ 10,174,000 6/11 Page 31 of 76  101 Main Street: Redstone-TD Bank Block - Hotel & compatible use in Armory building w/two decks of parking. 2 161 St. Paul: Hilton Garden Hotel completed $ 13,878,200 151-154 South Champlain Street - Market rate Housing with required 15% IZ units. 3 157 South Champlain St. housing development completed winter 2023/2024. 48 residential units: 11 2-BR; 13 1-BR and 24 studio units $ 918,600 Eagles - Champlain College - Over 300 beds for Champlain college students. 4 194 St. Paul: Completed in FY 2019 - taxable as an educational facility $ 3,289,000 Gateway (aka "superblock") - Mixed use redevelopment 20,000 of commercial space and 60,000 SF mixed income housing. The City and Developer have completed most due diligence outlined in a pre-development agreement. Given the current gap in funding/financing the City and Developer will now work together to determine if there is a financially 5 feasible path forward for the project. The work underway will provide both the City and the Developer with the information necessary to determine whether the redevelopment of the Memorial Block through this public private $ 7,194,100 partnership is feasible and to chart a responsible path forward in 2026. South Champlain/Maple Street - Currently surface parking and vacant lot. Concepts by owner - ground floor parking, upper floor offices/residential. 6 No activity to report $ 449,700 121 Pine Street - 30,000 SF residential building. 7 No activity to report $ 549,700 86 Main Street - 23 housing units with ground floor office. 8 No activity to report $ 1,134,900 Former Free Press Property - To be redeveloped into 38 one bedroom apartments with 12,500SF commercial. 9 191 College St: This project was completed in FY 2018 $ 1,208,300 7/11 Page 32 of 76  266 College Street - 142 guest room hotel with restaurant Property acquired by Green Castle Group - local real estate developer - with plans to convert to approximately 90 10 housing units. After interior demolition was completed in the winter of 2024/2025. Exterior demolition begun in summer 2025 and vertical construction in fall 2025 with an expected costruction period of 18 months from $ 1,547,500 commencement. It is expected that the 79 residential units will be fully occupied by winter 2027/2028. Champlain Housing Trust - (formerly VFW Property) - 176 South Winooski Ave As of midway through FY 2025, Champlain Housing Trust and Evernorth reported that the construction schedule is 11 on track for completion in late 2025. The project features 38 units of affordable housing along with community space for a new VFW and about 4,000 square feet of office space for the City's Community Justice Center. The total $ - development cost is around $19M Total $ 40,344,000 Employment Opportunities Jobs connected to the completed projects have been previously reported in City’s Annual Reports to VEPC. The current capital expenditures for the Great Streets Main Street are going almost entirely to hard construction costs for this reporting period. It is estimated that the construction of Main Street Great Streets has maintained approximately 100 construction jobs during this reporting period. The City estimates that the ongoing redevelopment of 176 South Winooski Ave (the former VFW) has generated 45 FTE construction jobs. It’s estimated that the 266 College Street project, a roughly 120,000 square foot redevelopment of the former YMCA into approximately 79 residential units, began construction earlier in 2025 and is expected to take about two years to complete, with approximately 120 to 180 construction workers onsite on average throughout the project. Additional Information The Great Streets Main Street project is on track for completion in 2026. As part of the work at 176 South Winooski, significant improvements were made to the ravine sewer which will facilitate future development in this part of the downtown. Mandated Jobs at June 30, 2023 Increase or Increase or NAICS Code Previous Location (if known) NAICS Code Previous Location (if known) (Decrease) (Decrease) 1 11 11 53 2 21 12 54 3 22 13 55 4 23 14 56 5 31-33 15 61 6 42 16 62 7 44-45 (7) 17 71 (3) 8 48-49 18 72 (3) 9 51 (3) 19 81 (5) 10 52 20 92 8/11 Page 33 of 76  Total Jobs Increase (Decrease) (20) Identify Source/Method for Obtaining Jobs Information See the attached report. City staff in the Community and Economic Development Office have been developing a Comprehensive Business list to track business openings and closures. This database is then filtered for businesses located within the TIF district. They then use the Economic & Labor Market Information Business Finder tool on the Vermont Department of Labor website to identify NAICS codes and employee size ranges. For any businesses not listed here, staff estimated size based on what is known about the businesses. Permanent job losses are estimated by applying a % unemployment factor to the total number of jobs in the District. The % unemployement factor is based on Burlington data as provided by the Vermont Department of Labor Vermont Firms Total amount of work Total amount of work Name of Vermont Firm Name of Vermont Firm performed performed 1 White & Burke $ 768 11 $ - 2 Paul Frank & Collins $ 1,806 12 $ - 3 Vanasse Hangen Brustlin, Inc $ 247,112 13 $ - 4 EIV Technical Services $ 736,376 14 $ - 5 S.D. Ireland Brothers Corporation $ 7,314,155 15 $ - 6 The Royal Group, Inc. $ 1,439 16 $ - 7 Burlington Electric Dept $ 10,845 17 $ - 8 Lydia Kern $ 61,570 18 $ - 9 Nancy Winship Milliken Studio, LLC $ 91,972 19 $ - 10 Pixel Patch Creative, LLC $ 49,500 20 $ - Total Amount of Work Performed $ 8,515,543 9/11 Page 34 of 76  Additional Information TIF District Specific Transportation Enhancements Affordable Housing Development Construction at 176 South Winooski, the previous VFW site, got underway in summer 2024. As of fall 2025, work is nearly complete and the building is projected to open for occupancy in early 2026. This includes work to remediate the historic ravine sewer, which ran underneath the project site and needed to be completed prior to occupancy. The project was co-developed by Champlain Housing Trust and Evernorth using the Low Income Housing Tax Credits (LIHTC) program and will include 38 permanently affordable housing units (four 2-BRs, 26 1-BRs, 8 studio units), 4,000 square foot of commercial space will be leased to the City's Community Justice Center, and a further 2,000 square foot of commercial space will be maintained by the VFW. Estimated total development cost: $19.6M. Housing Changes Affordable Housing Market Rate Housing Total New 0 0 0 Elminated 0 0 0 Net Total 0 0 0 Unforeseen Events: Please describe any unforseen events (such as flooding) that have impacted the TIF District, its improvement projects, or private developments. Also detail how the municipality is working through those challenges. The abandonment of the Ravine Sewer under the Post Apartments (176 South Winooski) required some specialty work that was not part of the original project bid. As a result we removed the scope of work from our primary contract and sought independent bids for this work. This required bringing in additional funding sources to support the more detailed work that required fully filling the old sewer to the top to ensure that the new building that was constructed would be stable. This was different than originally planned or the traditional method for filling sewer. As of the date of this report, this work has been included in our substantial change update to VEPC, and the work is fully complete. 10/11 Page 35 of 76 Current TIF District Activity: Please provide details regarding FY26 activities. This can include updates regarding specific projects, potential substantial change requests, etc. 11/11 Page 36 of 76 Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 (GL 2012) (GL 2013) (GL 2014) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) (GL 2025) (GL 2026) (GL 2027) (GL 2028) (GL 2029) (GL 2030) (GL 2031) (GL 2032) Non TIF Revenues (List Source and Year Awarded) Total Secured Total Expensed Water Distribution $ 95,350 $ 95,350 $ - $ - $ - $ 95,350 $ - $ - $ - $ - BED Capital $ 45,606 $ 45,606 $ - $ - $ - $ 45,606 $ - $ - $ - $ - Encumbrance Fee Payment(s) $ 25,950 $ 25,950 $ - $ - $ - $ 25,950 $ - $ - $ - $ - Third Party Communications (Outside Utilities) $ 156,207 $ 156,207 $ - $ - $ - $ 156,207 $ - $ - $ - $ - City Capital - Annual Capital Improvement Program (CIP) Bond $ 150,000 $ - $ - $ - $ - $ - $ - $ - Street Capital - Main Street - added 11/20/23, 7/15/24, & 7/2/2025 $ 546,477 $ - $ - $ - $ - $ - $ - $ - Water Capital - added 7/15/24 $ 105,000 $ 41,787 $ - $ - $ - $ - $ - $ 41,787 Sewer Capital - added 7/15/24 & 5/5/2025 $ 357,947 $ 258,039 $ - $ - $ - $ - $ - $ 258,039 VHB Petroleum Conaminated Soil Grant $ 149,216 $ 149,216 $ - $ - $ - $ - $ - $ 149,216 St. Paul Soil PCF (FY22) $ 64,284 $ - $ - Downtown Transportation Grant (FY26) $ 200,000 $ - $ - 0 $ - $ - $ - 0 $ - $ - $ - Total $ 1,896,036 $ 772,155 $ - $ - $ - $ - $ - $ - $ - $ - $ 323,113 $ - $ - $ - $ - $ - Check $ 323,113 $ 449,042 1/1 Page 37 of 76 Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 (GL 2012) (GL 2013) (GL 2014) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) (GL 2025) (GL 2026) (GL 2027) (GL 2028) (GL 2029) (GL 2030) (GL 2031) Based on TIF District Phase Filing (Approved November 2014) Debt Incurred Retention Begins TIF Debt Summary Status of Debt Principal Interest Total Service Total Paid Interfund Loan - renovation of structured 1. 7/1/2016-6/30/2017 $ 200,000 $ - $ 200,000 $ 200,000 $ 200,000 parking facilities Side Streets - Great Streets: St. Paul/Main 2. 12/20/2017-11/01/2035 $ 3,400,000 $ 1,738,852 $ 5,138,852 $ 2,038,727 $ 55,202 $ 280,400 $ 282,750 $ 284,300 $ 285,025 $ 284,850 $ 283,750 $ 282,450 Streets Great Streets - St. Paul Street, Main Street 3. 11/28/2018-11/1/2035 $ 1,570,000 $ 803,363 $ 2,373,363 $ 855,612 $ 33,362 $ 137,000 $ 138,875 $ 135,625 $ 137,250 $ 138,625 $ 134,875 stormwater improvements, Series 2019=8D 4. Interfund Loan 1/1/2019-12/31/2023 $ 250,000 $ - $ 250,000 $ 250,000 $ 25,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 25,000 $ - Great Streets - Main Street: General 5. Obligation Downtown Tax Increment Bonds, 8/31/2022-11/1/2035 $ 30,120,000 $ 11,844,433 $ 41,964,433 $ 7,309,433 $ - $ - $ 1,008,183 $ 3,148,875 $ 3,152,375 Series 2022B 6. 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ - 7. 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ - Totals $ 10,653,772 $ - $ - $ - $ - $ - $ 200,000 $ 55,202 $ 338,762 $ 469,750 $ 473,175 $ 470,650 $ 1,480,283 $ 3,596,250 $ 3,569,700 $ - $ - $ - $ - $ - $ - $ - 3569700 Page 38 of 76  2033 (GL 2032) $ - Page 39 of 76 Tax Increment Financing District Vermont Economic Progress Council Vermont Department of Taxes Updated to reflect March 24 Substantial Change Request PROPORTIONALITY CHECK As Approved (Year of Construction) Actual 2010 Total Projected TIF Financed Non-TIF Total Total TIF Financed Non-TIF 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 PROJECT: Costs Amount Proportion Amount Proportion Costs Cost Check Amount Proportion Amount Proportion Source Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF PHASE 1 FILING Streets & Infrastructure: Streetscape, storm water, and utility upgrade improvements for eight city blocks: Main - South Union to Battery Streets $ 35,035,904 $ 34,560,904 98% $ 475,000 1% $ 21,409,563 $ 21,409,563 $ 20,960,521 98% $ 449,042 2% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 553,548 $ 1,657,405 $ - $ 10,373,855 $ - $ 8,375,713 $ 449,042 St. Paul/Main Concept Design $ 335,666 $ 260,300 78% $ 75,366 22% $ 260,300 $ 260,300 $ 260,300 100% $ - 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 260,300 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - St. Paul - Main to Maple (includes King to Maple with underground) $ 4,539,113 $ 4,216,000 93% $ 323,113 7% $ 4,539,113 $ 4,539,113 $ 4,157,923 92% $ 381,190 8% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 179,782 $ 150,000 $ 2,373,020 $ 140,956 $ 1,605,121 $ 90,234 $ - $ - $ - $ - $ - $ - $ - $ - Stormwater - North side Main Street/City Hall Park $ 613,591 $ 500,000 81% $ 113,591 19% $ 613,591 $ 613,591 $ 500,000 81% $ 113,591 19% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 364,570 $ - $ 135,430 $ 113,591 $ - $ - $ - $ - $ - $ - Brownfields: Remediation of parking structure site (Brown's Court). $ 507,839 $ 507,839 100% $ - 0% $ 507,839 $ 507,839 $ 507,839 100% $ - 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 507,839 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Parking Structure Upgrades: Church Street Marketplace Garage. $ 876,388 $ 134,653 15% $ 741,736 85% $ 876,389 $ 876,389 $ 134,653 15% $ 741,736 85% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 134,653 $ 741,736 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Totals: $ 41,908,501 $ 40,179,696 $ 1,728,806 $ 28,206,795 $ 28,206,795 $ 26,521,236 $ 1,685,559 Totals: $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 134,653 $ 741,736 $ - $ - $ 440,082 $ 150,000 $ 2,880,859 $ 140,956 $ 1,969,691 $ 90,234 $ 135,430 $ 113,591 $ 553,548 $ - $ 1,657,405 $ - $ 10,373,855 $ - $ 8,375,713 $ 449,042 $ 8,375,713 $ 449,042 Page 40 of 76  Board of Finance and City Council Submission Checklist Department: CEDO Submitter: Gummi Jonsson, Kara Alnasrawi Title/Subject: FY25 TIF Reports Certification Approval: Meeting Date: ☐ Board of Finance ☐ City Council ☒ Concurrent 3/23/2026 This form must be completed by the person submitting the materials, and sent with the final submission. Please do not indicate that a signoff was received until it has actually been obtained. Signoffs Received Date Signoff Needed Received Note Received Department Head Yes 3/16/2026 Kara Alnasrawi Mayor’s Office informed and approved memo Yes 3/17/2026 Kara Alnasrawi Board/Commission, if required N/A Click or tap Click or tap here to to enter a enter text. date. City Attorney’s Office has approved contract N/A Click or tap and/or legal documents, to enter a -Identify attorney in note date. City Attorney’s Office has approved memo and Yes 3/17/2026 Emmett Wood motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 3/17/2026 Katherine Schad memo Human Resources, if personnel action N/A Click or tap Click or tap here to -Identify HR Manager in note to enter a enter text. date. CIO, if an IT-related investment/purchase N/A Click or tap Click or tap here to to enter a enter text. date. Materials Included Included? Note Final Memo Attached? Yes Click or tap here to enter text. Contract Attached, if applicable? N/A Click or tap here to enter text. Additional Materials, if necessary Yes VEPC TIF Reports Draft Resolution or Motion? Yes Motions - Memo If for submission to Council, are Yes Board of Finance sponsors identified? Page 41 of 76 General Fund Budget Gap MARCH 2026 Page 42 of 76 Use of One Time Funds One piece of the City’s persistent budget gap is the expansion of the use of one-time revenues during and after the pandemic. Page 43 of 76 Expense Growth Personnel costs have consistently made up about 60% of the City's total General Fund expenses. Page 44 of 76 Expense Growth Since 2017, personnel costs have grown over 60%, with health insurance costs rising even faster. Page 45 of 76 Revenue Growth Property taxes account for close to half of the City's General Fund revenue. Page 46 of 76 Revenue Growth Over the same time, property taxes have grown by 70%, while other sources of revenue have lagged behind. Page 47 of 76 Past Budget Growth This pattern creates a reliance on increasing property taxes to cover personnel. Page 48 of 76 Projection Assumptions To forecast the budget forward, we assume past growth with a few exceptions. FY26 Budget Total FY17-FY26 CAGR Model Assumption Personnel Costs $68.7M 5.7% Matches Growth General Operating $19.5M 4.8% Matches Growth Interfund $14.6M 6.6% Grows in line with PT Debt Service $8.3M 10.8% Actual Expected Cost Property Tax $50.8M 6.1% Discretionary rate flat, GL grows at 0.8%, Retirement revenue grows 5% per year, debt service at expected cost Direct Revenue $16.1M 1.8% Matches Growth Other Revenue $11.4M 8.3% Matches Growth PILOT $11.2M 2.0% Matches Growth Revenue Pass-Through $11.1M 6.2% Grows in line with PT Gross Receipts $6.7M 5.8% Matches Growth Local Option $3.4M 4.1% Matches Growth Page 49 of 76 Projected Budget If the City limits property tax growth to only cover increases in Retirement and Debt Service, the gap grows as expenses continue the same path. Page 50 of 76  Projected Budget If property tax rates continue to increase as they have, revenues approach but do not reach expected future expenses. To create a sustainable long-term budget, the City must increase other revenues and curb growth in expenses. Page 51 of 76 Optimistic Targets Future budgets can balance with both limited expense growth, modest property tax increases, and increased direct revenue. Assumptions Historic Category Growth Model Grand List 0.8% 1.0% Tax Rate Growth 6.3% 3.1% Direct Revenue 1.8% 4.5% Other Revenue 8.3% 6.0% Personnel 5.7% 4.3% General Operating 4.8% 3.8% Page 52 of 76 Appendix Page 53 of 76 Direct Revenue Comparison Page 54 of 76 Direct Revenue Comparison Page 55 of 76  BURLINGTON FIRE DEPARTMENT 136 S. Winooski Avenue, Burlington, VT 05401 Phone: (802) 864-4554 Fax: (802) 865-5387 MEMO TO: Board of Finance / City Council FROM: Michael Curtin – Fire Chief CC: CAO Katherine Schad DATE: March 23, 2026 SUBJECT: Advanced Life Support Intercepts The Burlington Fire Department provides Advanced Life Support (ALS) intercept services to EMS agencies outside of Burlington when a patient requires advanced medical interventions not available from the transporting agency. While these requests are relatively infrequent, they do occur. In FY24, BFD responded to three (3) ALS intercept requests. In FY25, there were two (2) requests. In the current fiscal year to date (FY26), BFD has already responded to four (4) intercept requests. In such situations, BFD paramedics respond to deliver advanced assessment, medication administration, and other ALS-level care while the transporting agency retains responsibility for patient transport. These services utilize BFD personnel and equipment. BFD is part of EMS District 3 and there is a contract agreement among all District 3 EMS providers establishing a standardized reimbursement rate of $350 per ALS intercept. This is an agency-to-agency reimbursement rate, as the intercepting agency is not permitted to bill the patient directly. For comparison, BFD’s current standard ALS 2 transport base rate is $1,680. That rate reflects a full ambulance transport, including the vehicle, transport crew, mileage, equipment, medications, and full assumption of patient care through delivery to the hospital. An ALS intercept is fundamentally different. BFD does not transport the patient and does not bill for mileage. The transporting agency remains responsible for the patient and bills the insurer. The $350 intercept fee simply offsets the cost of providing a paramedic and associated ALS interventions during the response. Because of that, the intercept rate is significantly lower than our standard ALS transport rate and is intended as partial cost recovery rather than full reimbursement. Requested Action: Board of Finance Motion: To approve and recommend that the City Council authorize for the Burlington Fire Department (BFD) to bill transporting EMS agencies for Advanced Life Support (ALS) intercept services provided at the approved EMS District 3 contract rate for such services, and to authorize the Chief Engineer to execute reimbursement agreements with agencies requesting such services, subject to review and approval as to form by the City Attorney’s office. City Council Motion: To approve and authorize the Burlington Fire Department to bill transporting EMS agencies for Advanced Life Support (ALS) intercept services provided at the approved EMS District 3 contract rate for such services, and to authorize the Chief Engineer to execute reimbursement agreements with agencies requesting such services, subject to review and approval as to form by the City Attorney’s office. Thank you for considering this request. Page 56 of 76  Board of Finance and City Council Submission Checklist Version: April 2025 Department: Fire Submitter: Michael Curtin – Fire Chief Title/Subject: Advanced Life Support Intercepts Approval Requested: Meeting Date: ☒ Board of Finance 3/23/2026 ☒ City Council 4/13/2026 ☐ Both BOF and Council Click or tap to enter a date. Instructions 1. This form must be completed by the person submitting the materials. 2. This form must be sent with the final submission of materials in advance of the meeting. 3. Do not indicate that a sign-off was received until it has actually been obtained. 4. Commission reports and presentations do not need to be reviewed by the CAO or Attorneys. 5. Name the reviewing Attorney or HR Manager in the Note column. Signoff Needed Received? Approval Date Note Department Head Yes 3/17/2026 Michael Curtin Mayor’s Office Yes 3/17/2026 Kara Alnasrawi Board/Commission Choose an Click or tap to Click or tap here to enter text. item. enter a date. City Attorney’s Office for memo and Yes 3/17/2026 Hayley McClenahan contracts or legal documents City Attorney’s Office for memo and Choose an Click or tap to Click or tap here to enter text. motion(s) or resolution(s) item. enter a date. CAO for budget, financing, and memo Yes 3/17/2026 Katherine Schad Human Resources, if personnel action Choose an Click or tap to Click or tap here to enter text. or policy item. enter a date. CIO, if IT-related Choose an Click or tap to Click or tap here to enter text. item. enter a date. Page 57 of 76 MEMORANDUM DATE: March 23, 2026 TO: Board of Finance and City Council FROM: Phil Lewis, Director of Parks, Recreation & Waterfront RE: Request for Creation of Position and Job Description Department of Parks, Recreation & Waterfront INTRODUCTION We are requesting Board of Finance and City Council approval for creation of the position of Recreation Manager, Leddy Arena and Sports in the Burlington Parks, Recreation and Waterfront (BPRW) Department. This position will support programming and operations at Leddy Ice Arena and citywide programming for Sports and Athletics. The position will be critical to ensure seamless, high-quality delivery of recreation services at the point where programs, facilities, and customers intersect. BACKGROUND At the beginning of FY26, BPRW eliminated eight (8) positions in the department as part of the ModernGov initiative and budget reductions due to structural funding gaps. The loss of these positions made it necessary to re-evaluate operations utilizing available resources. BPRW leadership have worked diligently over the past several months to evaluate department operations and gaps that exist for supporting front line personnel and service delivery. Meetings were held with staff from all areas of the Department and with our AFSCME labor partners. Informed by this work, an updated organizational chart has been developed to most effectively and efficiently meet Department needs. Additionally, it was evident that appropriate supervision and leadership is required at Leddy Ice Arena leading to the request for creating this position. City of Burlington | 645 Pine Street | Burlington, Vermont 05401 | (802) 864-0123 Page 58 of 76 RATIONALE FOR CHANGE The updated organizational structure and proposed creation of the Recreation Manager, Leddy Arena and Sports position addresses several critical areas of need for the department:  Fiscal Sustainability & Access: The facility represents a significant City asset with multiple revenue streams. The position will manage contracts as well as responsibly balance equitable access to Leddy Ice Arena and revenue generation identifying opportunities to increase participation and usage  Service Delivery: Focus on creating and maintaining a safe, clean, and welcoming environment for all guests and program participants, including coordination of programs, facilities, and customer service.  Staff Morale: Sets a vision and organizational framework for department staff and direct support for the team at Leddy Ice Arena. FUNDING THIS PROPOSAL BPRW has sufficient savings from a vacant Recreation Specialist position and savings in operating supplies to fund the creation of this position. The Recreation Manager has a FY26 impact of $21,149 for the remainder of the fiscal year. No additional General Fund appropriations are required. For FY27 we expect this position to generate additional revenues of $22,000 to offset this request. CONCLUSION AND REQUEST The creation of this position represents a key investment in our workforce and the long-term sustainability of the Department. As we continue to modernize our operations, it is essential that we remain nimble with an effective organizational structure for strategically focused service delivery. This position is essential to delivering consistent, high-quality recreation services at a major City facility. By integrating program management, facility operations, and customer service under one role, the City ensures efficient operations, strong community engagement, and responsible stewardship of public assets. Page 2 of 3 Page 59 of 76 Motions Board of Finance: 1. To approve and recommend that the City Council approve creation of one (1) Recreation Manager: Leddy Arena and Sports, a regular, full-time, non-union, exempt, grade 20 position in the Department of Parks, Recreation, and Waterfront. 2. To approve and recommend that the City Council authorize the Chief Administrative Officer or designee to make such amendments and transfers of funds to the FY26 Budget as may be necessary or convenient to effect the foregoing position creation, in substantial conformance with the information outlined in the above staff report, for a budget neutral fiscal year impact. City Council: 1. To approve creation of one (1) Recreation Manager, Leddy Arena and Sports, a regular, exempt, full-time, non-union position, grade 20 in the Department of Parks, Recreation, and Waterfront. 2. To authorize the Chief Administrative Officer or designee to make such amendments and transfers of funds to the FY26 Budget as may be necessary or convenient to effect the foregoing position creation, in substantial conformance with the information outlined in the above staff report, for a budget neutral fiscal year impact. The BPRW leadership team is prepared to answer any questions you may have and provide any additional detail as needed. Thank you for your consideration. ATTACHMENTS A – Job Description for Recreation Manager, Leddy Arena & Sports B – Org. Chart reflecting position within department structure Page 3 of 3 Page 60 of 76 Recreation Manager, Leddy Arena & Sports Page 1 of 4 City of Burlington Job Description Position Title: Recreation Manager, Leddy Arena & Sports Department: Parks, Recreation & Waterfront Reports to: Director of Parks, Recreation & Waterfront Pay Grade: 20 Job Code: 1208 Exempt/Non-Exempt: Exempt Union: Non-Union General Purpose: This position is responsible for planning, organizing, staffing directing, controlling, budgeting and evaluating assigned recreation programs and managing operations of assigned recreation facilities. Essential Job Functions: (This section outlines the fundamental job functions that must be performed in this position. The “Qualifications/Basic Job Requirements” and the “Physical and Mental/Reasoning Requirements and Work Environment” state the underlying requirements that an employee must meet in order to perform these essential functions. In accordance with the Americans with Disabilities Act, reasonable accommodations may be made to qualified individuals with disabilities to perform the essential functions of the position.)  Plan and promote programs to encourage participation in recreational activities.  Recruit, supervise, schedule, train and evaluate all full-time, seasonal, limited service and volunteer personnel in order to cover all shifts, programs, and events in accordance with union contracts, personnel policy, and operating procedures of the department.  Analyze community recreation trends and evaluate local demands in order to provide balanced recreation offerings.  Train and supervise all supervisory staff in the operation of all equipment, apparatus and technology applications necessary for effective facility operations.  Develop and maintain schedule for recreation facilities, including but not limited to collection and tracking of revenues and communicating user needs to facility staff.  Procure, inventory, and issue supplies, equipment and instructional materials in programs and events.  Oversee assigned customer service staff and their related functions for recreation facilities, including department phone reception, direct customer service, program registrations, scheduling, tracking receivables, depositing receivables, maintenance of customer database, marketing programs, etc. Provide backup support to administrative staff during absences.  Create and maintain a welcoming, safe, clean, and positive environment for all guests and program participants. Monitor facility conditions and coordinate with staff as appropriate.  Publicize programs and activities through appropriate media in accordance with department procedures and policies. Page 61 of 76 Recreation Manager, Leddy Arena & Sports Page 2 of 4  Prepare and submit reports, records of activities to the Director of Parks, Recreation & Waterfront as requested.  Develop, prepare and implement program and facility goals including annual review(s) with program members.  Formulate, monitor and allocate budget resources among various recreation programs and operational areas.  Work collaboratively with Department leadership in formation and implementation of policies and procedures for recreation programs and facilities.  Oversee the Arena Pro Shop operation, including but not limited to, marketing, inventory management, staffing, financial reporting, equipment maintenance etc.  Work collaboratively with Department leadership in negotiation of contracts, manage and monitor lease compliance for tenants operating within the assigned facility; initiate corrective actions as necessary.  Ensure appropriate methodology and high-quality results through long and short range planning sessions with Department leadership.  Ensure program adherence to quality standards established by department procedures, City regulations and state and industry standards.  Promote positive working relations with public, private, voluntary and commercial agencies sponsoring and co-sponsoring activities and services with the department.  Develop system for collection of fees and charges for recreational activities and events.  Prepare and administer contracts and agreements with local and state level agencies.  Design procedures for the effective and efficient use of department and community resources.  Establish recreational program standards and submit to Director of Parks, Recreation & Waterfront for review annually.  Ensure proper handling and reporting of cash receipts/deposits for facility rentals, program registrations, contractual payments, POS services, donations and advertising.  Manage and develop program budgets, forecasting future trends.  Manage various budget tasks, including but not limited to recommending annual budget appropriations, procuring supplies, managing expenditures, processing invoices and pay requests, forecasting revenue, recommending annual fee adjustments, preparing reports, soliciting quotes, and securing donations.  Compile and evaluate information on participation, attendance, facility utilization, efficiency and effectiveness of operations.  Participate in the development of goals and objectives of the Parks, Recreation & Waterfront Department.  Perform various budget tasks, including but not limited to, recommending annual budget appropriations, effecting expenditure control, forecasting revenue, recommending and implementing fee increases, preparing and monitoring budget reports, monitoring overtime, while ensuring that operating budget is kept within appropriated levels.  Provide information to Marketing and Outreach Manager to assist in the preparation of fund raising and grant applications as needed.  Position may require the operation of City vehicles and/or personal vehicles in order to conduct City business. Page 62 of 76 Recreation Manager, Leddy Arena & Sports Page 3 of 4 Non-Essential Job Functions:  Performs other duties as required. Qualifications/Basic Job Requirements:  Bachelor’s degree in Recreation, Business Administration, Public Administration or related field with 5 years of progressive supervisory experience. Additional experience may be substituted for a degree requirement on a two-for-one year basis.  Two years’ experience in supervision/administration of Recreational Services required  Must be able to obtain and maintain a CPRP, certification from state and national professional associations.  Knowledge of the principles and practices of recreational program administration required.  Knowledge of and experience in recreation facility operations is required.  Knowledge of and experience in managing budgets and budget projection is required, with familiarity in operation of software and technology that supports facility operations.  Ability to obtain a valid driver’s license within 45 days of hire and the continued maintenance of a valid driver’s license. Operation of a City vehicle or personal vehicle to conduct City business without providing proof of a valid driver's license to Human Resources will not be permitted. A valid driver’s license shall be defined as a current state of residence-issued license to operate a motor vehicle on public roadways. Position also requires the ability to be covered under the City’s vehicle insurance policy prior to operation of any City vehicles or non-City vehicles for City business  Knowledge of public recreation programming philosophy.  Knowledge of and experience in customer service is required.  Ability to recruit, train and supervise professional and seasonal staff.  Ability to communicate effectively, both orally and in writing, with staff members and the public.  Ability to work with groups and coordinate multiple activities simultaneously.  Ability to interact with parents and school officials in a professional and courteous manner.  Ability to establish/maintain effective working relationships with City staff and the general public.  Ability to enforce disciplinary measure in a constructive manner.  Ability to attend training and conference after normal working hours.  Ability to work evenings, weekends and holidays.  Ability to be on-call at all hours.  Ability to work in and around cold indoor temperatures.  Ability to operate in an entrepreneurial fashion in order to generate required revenues.  Ability to operate in a Windows based operating environment using word- processing, spreadsheets, database, publishing, and presentation software.  Ability to actively support City diversity, equity, and cultural competency efforts within stated job responsibilities and work effectively across diverse cultures and constituencies.  Demonstrated commitment to diversity, equity and inclusion as evidenced by ongoing trainings and professional development. Page 63 of 76 Recreation Manager, Leddy Arena & Sports Page 4 of 4  Regular attendance is necessary and is essential to meeting the expectations of the job functions.  Ability to understand and comply with City standards, safety rules and personnel policies. Physical & Mental/Reasoning Requirements; Work Environment: These are the physical and mental/reasoning requirements of the position as it is typically performed. Inability to meet one or more of these physical or mental/reasoning requirements will not automatically disqualify a candidate or employee from the position. Upon request for a reasonable accommodation, the City may be able to adjust or excuse one or more of these requirements, depending on the requirement, the essential function to which it relates, and the proposed accommodation. _x_ seeing _x_ ability to move distances __ lifting (specify) _x_ color perception within and between __ pounds (red, green, amber) warehouses/offices __ carrying (specify) _x_ hearing/listening _x_ climbing __ pounds _x_ clear speech __ ability to mount and _x_ driving (local/over _x_ touching dismount forklift/truck the road) _x_ dexterity __ pushing/pulling _x_ hand _x_ finger __ reading - basic _x_ math skills - basic _x_ analysis/comprehension _x_ reading - complex __ math skills - complex _x_ judgment/decision _x_ writing - basic _x_ clerical making __ writing - complex _x_ shift work _x_ outside __ pressurized equipment _x_ works alone _x_ extreme heat _x_ moving objects _x_ works with others _x_ extreme cold _x_ high places _x_ verbal contact w/others _x_ noise _x_ fumes/odors _x_ face-to-face contact _x_ mechanical equipment __ hazardous materials _x_ inside __ electrical equipment _x_ dirt/dust Supervision: Directly Supervises: 3 Full-time staff , 75 Seasonal staff, Indirectly Supervises: 25 Volunteers Disclaimer: The above statements are intended to describe the general nature and level of work being performed by employees to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified. Approvals: Department Head: _____________________________ Date: __________ Human Resources: _____________________________ Date: __________ Created March 2026 Page 64 of 76 Page 65 of 76  Board of Finance and City Council Submission Checklist Version: April 2025 Department: Parks, Recreation & Waterfront Submitter: Phil Lewis Title/Subject: Position and Job Description Creation Approval Requested: Meeting Date: ☐ Board of Finance Click or tap to enter a date. ☐ City Council Click or tap to enter a date. ☒ Both BOF and Council 3/23/2026 Instructions 1. This form must be completed by the person submitting the materials. 2. This form must be sent with the final submission of materials in advance of the meeting. 3. Do not indicate that a sign-off was received until it has actually been obtained. 4. Commission reports and presentations do not need to be reviewed by the CAO or Attorneys. 5. Name the reviewing Attorney or HR Manager in the Note column. Signoff Needed Received? Approval Date Note Department Head Yes 3/17/2026 P. Lewis Mayor’s Office Yes 3/17/2026 K. Alnasrawi Board/Commission N/A City Attorney’s Office for memo and Yes 3/18/2026 H. McClenahan contracts or legal documents City Attorney’s Office for memo and Yes 3/18/2026 H. McClenahan motion(s) or resolution(s) CAO for budget, financing, and memo Yes 3/17/2026 K. Schad Human Resources, if personnel action Yes 3/18/2026 O. Glozheni or policy CIO, if IT-related N/A Page 66 of 76  Board of Finance and City Council Submission Checklist Department: CEDO Submitter: Rachel Jolly Title/Subject: Creation of new CJC position Approval: Meeting Date: ☒ Board of Finance 3/23/2026 X ☐ City Council 4/13/2026 ☐ Concurrent Click or tap to enter a date. This form must be completed by the person submitting the materials, and sent with the final submission. Please do not indicate that a signoff was received until it has actually been obtained. Signoffs Received Date Signoff Needed Received Note Received Department Head Yes 3/19/2026 Will Clavelle Mayor’s Office informed and approved memo Yes 3/19/2026 Kara Alnasrawi Board/Commission, if required N/A Click or tap Click or tap here to to enter a enter text. date. City Attorney’s Office has approved contract N/A and/or legal documents, -Identify attorney in note City Attorney’s Office has approved memo and Yes 3/18/2026 Emmett Wood motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 3/18/2026 Katherine Schad memo Human Resources, if personnel action Yes 3/18/2026 Orieta Glozheni -Identify HR Manager in note CIO, if an IT-related investment/purchase Choose an Click or tap Click or tap here to item. to enter a enter text. date. Materials Included Included? Note Final Memo Attached? Yes Click or tap here to enter text. Contract Attached, if applicable? N/A Click or tap here to enter text. Additional Materials, if necessary Yes Job Description Draft Resolution or Motion? Yes Click or tap here to enter text. If for submission to Council, are N/A Click or tap here to enter text. sponsors identified? Page 67 of 76  In To: Board of Finance City Council From: Will Clavelle, Interim Director of CEDO Rachel Jolly, CJC Director Lynn Reagan, Director of Human Resources Orieta Glozheni, Human Resources Manager Date: March 23, 2026 RE: Creation of two new CEDO positions within the CJC Executive Summary We propose creating two new identical CEDO positions within the Community Justice Center (CJC):  Restorative Services Coordinator, Regular Service, Full-time, Union, Grade 16, position. Background: With the passage of Act 180 last year, the VT Attorney General’s Office (AGO), has taken over funding and managing Pre-Charge Diversion referrals (that come directly from police). This used to fall within the DOC’s contract to four separate CJCs in the county, including Burlington. The AGO agreed to contract with the three other CJCs in Chittenden County for FY26, to allow a transition period of planning, with the expectation that as of July 1st, 2026, the Burlington CJC’s existing Diversion contract would expand to cover Pre-Charge Diversion for the entire county. With this anticipated expansion, and an expected increase of roughly 300 Pre-Charge referrals/year, the AGO amended our FY26 contract to allow for early hiring that predates the July 1st start-date to ensure the smoothest transition possible. Though we have not yet received our FY27 contracts from the AGO, they have given us written assurance that that will be coming and will cover these new positions. Financial Impact: A Grade 16, ACFSME position Steps 1 to 15: $30.4812/hour or $63,400 annually; $36.3021/hour or $75,508 annually. These positions, salary and benefits, will be 100% covered by AGO funding. Page 68 of 76 Motions Board of Finance Motion: To approve and recommend that the City Council approve the creation of two Reentry Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16, position. City Council Motion: To approve the creation of two Reentry Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16, position. Page 69 of 76 Restorative Services Coordinator March 2026 City of Burlington Job Description Position Title: Restorative Services Coordinator Department: CEDO – Community Justice Center (CJC) Reports to: Justice Programs Manager, Diversion & Pretrial Services Pay Grade: 16 Job Code: Exempt/Non-Exempt: Non-Exempt Union: Yes General Purpose: This position serves on a team of those responsible for the coordination and delivery of the CJC’s adult Restorative Justice services, from pre-charge through reparative processes, and works with responsible and impacted parties. Fiscal year 27 on requires flexibility to work at satellite offices within the county. Working with both responsible and impacted parties, this role centers accountability, meaningful support, equity, and community impact. The Coordinator prepares participants for dialogue processes, facilitates restorative conferences, develops and monitors agreements, and ensures that all parties are treated with dignity and respect. This position requires skillful relationship-building, trauma-informed practice, and the ability to hold accountability and compassion simultaneously. The position works collaboratively with community partners, justice system stakeholders, and internal staff to promote equitable access to restorative processes and to strengthen community-based responses to harm. Restorative Process Scheduling and Coordination  Work with the Youth and Adult Restorative team to conduct intakes, assess needs, schedule and implement restorative processes with responsible and affected parties in partnership with contracted Cultural Advocates and volunteers, when appropriate.  Provide staff support to the restorative justice processes including but not limited to: scheduling, organizing and attending meetings, supporting the participation of volunteers and following through on data and policy needs presented by the cases.  Develop and maintain working relationships with relevant stakeholders including those in criminal-legal system (Chittenden County law enforcement agencies State’s Attorney, VT Dept. of Corrections, VT Center for Crime Victim Services) and community-based providers (Howard Center, Safe Harbor, Steps to End Domestic Violence, HOPE Works, Pride Center, USCRI VT, AALV, etc.).  Support affected parties of crime by helping them navigate the criminal-legal system, advocating for services when they experience barriers, and connecting them to processes, goods and services that will enhance their safety and lessen the impacts of their crime. Page 70 of 76 Restorative Services Coordinator March 2026  Work to create conditions of accountability-taking for responsible parties at all stages of the restorative processes  Provide trauma-informed, culturally literate responses to the range of experiences participants impacted by and responsible for harm have lived  Work in coordination with CJC and police department-based Victim Services Specialists to integrate restorative processes, when needed or appropriate.  Stay current in practical knowledge of the theories, practices and methodologies in the fields of restorative and transformative justice, trauma-informed care, levelling power dynamics and other issues related to equity, justice and inclusion. Harmed Party Services:  Provide trauma-informed and culturally sensitive outreach to victims of crime when their cases have been referred to restorative justice  Provide and build meaningful opportunities for victims to engage in restorative processes  Participate in regular Victim Services team meetings to coordinate with colleagues, build meaningful program development, and engage in relevant professional development Administrative and Data Related  Document and track all required participant data in combination of SharePoint and Law Manager software platforms  Distribute evaluative surveys to participants consistently and reliably Miscellaneous/Other  Educate area service providers on the restorative justice program principals and build a network of community support  Act as “Ambassador” for the City, carry out work and interact with co-workers and the public in respectful profession manner.  Contribute toward making the BCJC an inclusive, welcoming, culturally sensitive organization through serving on at least one internal committee, and through active self-reflection/awareness regarding one’s own identities and toward promoting equity, sensitivity and humility in our work with staff, volunteers and participants Non-Essential Job Functions:  Performs other duties as required. Qualifications/Basic Job Requirements:  Bachelor’s degree and two years of experience, or six years of program coordination experience with focus on restorative justice, victim advocacy, community development or related field required.  Demonstrated commitment to and interest in advancing social and/or racial justice initiatives  Demonstrated knowledge and familiarity of restorative practices.  Ability to understand the criminal legal system and demonstrated knowledge and familiarity with crime/victim issues. Page 71 of 76 Restorative Services Coordinator March 2026  Demonstrated strong organizational, coordination, and group leadership skills.  Ability to work effectively with a wide range of individuals and groups, including strong formal and informal negotiation skills.  Demonstrated ability in public speaking, interviewing, meeting facilitation, and training skills.  Computer literacy necessary. Knowledge of Microsoft Office Suite preferred.  Ability to develop strong relationships with diverse groups of people, who may have conflicting interests and opinions.  Some evening availability required.  Access to reliable and timely transportation required.  Ability to work in a team environment, while also working independently necessary.  Ability to create and maintain an environment that embraces the operating principles of Restorative Justice.  Communicates skillfully on the phone, in person, and in writing, and varies language and communication style to meet the needs of the recipient.  Remains calm in the presence of strong emotions from others while creating an atmosphere for problem solving  Is discreet and maintains confidentiality regarding people and situations Directly Supervises: 0 Indirectly Supervises: 3-4 volunteers at any given time Disclaimer: The above statements are intended to describe the general nature and level of work being performed by employees to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified. Approvals: Department Head: Date: Human Resources: Date: Page 72 of 76 MEMORANDUM TO: Board of Finance FROM: Ashley Walenty, PE DPW Water Resources Engineer Megan Moir, Division Director Water Resources CC: Chapin Spencer, DPW Director DATE: March 23, 2026 RE: Award of College Street Outfall and Stormwater Separation Feasibility Study Contract REQUEST The Department of Public Works (“DPW”) and its Water Resources Division seeks authorization to execute a contract with Hoyle, Tanner (“HT”) for $410,546 for the College Street Outfall and Stormwater Separation Feasibility Study project and to designate the Director of Public Works and appropriate City staff to execute associated documents. INTRODUCTION AND BACKGROUND: The Department of Public Works (DPW) and its Water Resources Division (WRD) is committed to continued evaluation of our combined sewer and stormwater collection system. In an effort to preserve wet weather treatment capacity at the wastewater treatment facilities (WWTF’s) and to improve capacity within the collection system to handle the wastewater flows for both the present day conditions and future development conditions, WRD continues to look for meaningful wet-weather mitigation projects, including sewer separation where feasible. Wastewater collection system capacity is a large factor in the City’s ability to develop more land and provide more housing developments throughout the City. One area that has the most combined sewer network is the downtown district. Identifying projects that could reduce stormwater from entering into the combined sewer network will improve capacity for wastewater flows, is a key component in allow for future growth both within the downtown as well as upstream areas. Additionally, an existing stormwater outfall discharges stormwater very close to shore into Lake Champlain at the bottom of College Street adjacent to the boating docks. DPW and Parks and Recreation have had to execute multiple contracts to dredge sediment from the lake at this discharge location. The study will: • Evaluate opportunites for storm/sewer separation projects; • Evaluate water quality improvements at the existing College Street outfall; • Evaluate College Street outfall improvements, including the feasibility of extension further into the lake to minimize near shore sediment deposition impacts from stormwater sediment; 1 of 3 Page 73 of 76  • Coordinate with other proposed projects in the vicinity for separation opportunities, i.e. CDS Cherry Street, Main Street Great Streets lower section, etc. The proposed study projects may include, but are not limited to, modifications or extensions of the College Street stormwater outfall to reduce the impacts of the outfall on the shoreline, connection of a separate stormwater trunk main for the lower two blocks of Main Street, stormwater separation within Cherry Street and Battery Street corridors and collection of runoff from other possible combined watersheds to separate stormwater systems. At the 60% study and report phase WRD will evaluate the project alternatives and feasibility of each proposed project to determine the ability to continue into the final deliverable phase. The final deliverable for this phase of work will include a complete feasibility study (Preliminary Engineering Report) with cost, model results, and a summary of the alternatives evaluated. WRD will work with HT to identify a preferred alternative that can be advanced into design. PROCUREMENT AND CONTRACTING: The City posted a Request for Qualifications (RFQ) to procure an engineering firm to provide professional services to perform a feasibility study for the College Street Outfall and Stormater Separation Feasibility on July 16, 2025 with Statement of Qualifications due August 11, 2025. The City notified various known known consultants in the area to notify them of the RFQ. Two bids were received, Hoyle, Tanner and Vanasse Hangen Brustlin, Inc. (VHB). The City reviewed and scored both statements of qualifications and selected HT to work with to develop a scope of work and level of effort. Following multiple rounds of meetings between the City and HTA a completed scope of work and level of effort was accepted by the City. It is the staff recommendation to execute a consultant contract with HT to perform this work for a total contract authorization of $410,546. PROJECT COST SUMMARY: Water quality and rate affordability guide every decision we make. Therefore, we are advancing the contract for the College Street Outfall and Stormwater Separation Feasibility Study work through multiple funding sources. The initial phase, up to 60% of the study phase, of the contract will be funded from the American Rescue Plan Act (“ARPA”), while the remaining phases planned to be funded through a Vermont State Revolving Fund (“SRF”) loan, for which the City will return to BOF/CC for approval to execute a Step I loan with the SRF program. The City was awarded an ARPA grant in 2023 for a total of $3.294M to be used towards combined sewer related projects and must be spent by September 2026. The grant does not require a local match and utilizing these funds to help pay for a portion of this feasibility study is the most cost effective way to complete this study phase of the project. The City is currently evaluating the best use of the remaining funds within the context of the project completion timing constraints. 2 Page 74 of 76 The following summary table outlines the funding sources that comprise the total contract value for which we are seeking approval: College Street Outfall and Stormwater Separation Feasibility Study Contract Project Funding Source Costs by Source Total Contract including Contingency ARPA – Until Sept 2026 Any cost incurred on the project before 9/30/2026 Estimate expenditure of at $410,546 least $200,000 CWSRF or Storwmater (Fund Any cost 245) funds depending on the remaining after amount remaining 9/30/2026 It is currently anticipated that the project can reach 60% completion and expend at least $200,000, if not more, of the contract amount. Depending on the amount of work remaining, WRD will either fund the remaining amount through Stormwater fund 245 capital funding or will return to Board of Finance and City Council to request approval to apply for a CWSRF planning loan for the remainder of the contract. CWSRF funding has always been available in ample supply; the stormwater fund (245) additionally has sufficient fund balance to consider using cash on hand to fund the remainder of the project if there are any issues with the CWSRF option or if the administrative burden is not warranted due to the remaining amount. MOTIONS: The Department of Public Works’ Water Resources Division respectfully requests that the Board of Finance approve the following motions: Board of Finance Actions: 1. “To approve and authorize the Director of Public Works, Chapin Spencer, to execute a contract with Hoyle, Tanner for total contract amount of $410,546 for the College Street Outfall and Stormwater Separation Feasibility Study project, subject to the review by the City Attorney.” 2. To approve and authorize the Chief Administrative Officer, or their designee, to effect all necessary budget amendments in substantial conformance with this request. Thank you for your consideration of this request. 3 Page 75 of 76  Board of Finance and City Council Submission Checklist Department: DPW-Water Resources Submitter: Ashley Walenty Title/Subject: College Street Outfall & Stormwater Separation Feasibility Study Approval: Meeting Date: ☒ Board of Finance 3/23/2026 ☐ City Council Click or tap to enter a date. ☐ Concurrent Click or tap to enter a date. This form must be completed by the person submitting the materials, and sent with the final submission. Please do not indicate that a signoff was received until it has actually been obtained. Signoffs Received Date Signoff Needed Received Note Received Department Head Yes 3/13/2026 Chapin Spencer Mayor’s Office informed and approved memo Yes 3/18/2026 Kara Alnasrawi Board/Commission, if required City Attorney’s Office has approved contract N/A and/or legal documents, -Identify attorney in note City Attorney’s Office has approved memo and Yes 3/17/2026 Erik Ramakrishnan motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 3/18/2026 Katherine Schad memo Human Resources, if personnel action N/A Click or tap -Identify HR Manager in note to enter a date. CIO, if an IT-related investment/purchase N/A Click or tap Click or tap here to to enter a enter text. date. Materials Included Included? Note Final Memo Attached? Yes Click or tap here to enter text. Contract Attached, if applicable? No Additional Materials, if necessary No Click or tap here to enter text. Draft Resolution or Motion? Yes If for submission to Council, are N/A sponsors identified? Page 76 of 76