City Council - Board of Finance

Board of Finance Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Join from PC, Mac, iPad, or Android: https://zoom.us/j/96667921603 Phone one-tap: +19292056099, 96667921603# US (New York) Join via audio: +1 929 205 6099 US (New York) Webinar ID: 966 6792 1603 International numbers available: https://zoom.us/u/aHsSgSAoS **CCTV link: https://www.youtube.com/playlist?list=PLljLFn4BZd2PwCge7lNoKug676jIf_iUA ** 1. Agenda Subject 1.1. Motion to amend/adopt agenda Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 1. Agenda Department Council and Board Type Action Procedural Recommended Action Motion to amend/adopt agenda as follows: remove from the Deliberative Agenda item 4.1. CEDO, Community Justice Center - Reclassification of one position from Limited Service to Regular - CEDO/CJC (per Mayor Mulvaney-Stanak); remove from the Deliberative Agenda item 4.2. Creation of one position at CJC - CEDO/CJC (per Mayor Mulvaney-Stanak); add to the Deliberative agenda item 4.8. Ratification Of Tentative Agreement And Authorization To Execute Collective Bargaining Agreement Between The City of Burlington And The Burlington Firefighters' Association (July 1, 2025 - June 30, 2028) - Fire (per COS Jacobsen) 2. Public Forum Subject 2.1. Verbal Comments Page 1 of 126  Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 2. Public Forum Department Council and Board 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 September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Council and Board Type Procedural Recommended Action Motion to adopt the consent agenda and take the actions indicated Subject 3.2. September 8, 2025 Board of Finance Meeting Minutes - CT Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Clerk/Treasurer's Office Type Action (Consent) Information Minutes Recommended Action approve the minutes Subject 3.3. Communication: Bruce Wilson, Arts So Wonderful, re: graffiti removal and 5 Murals Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Council and Board Type Action (Consent) Page 2 of 126  Recommended Action to recommend that City Council approve the use of $3,125 from the City Council Initiative Fund for graffiti removal and creating murals at Thorsen Way and authorize CAO to effectuate any budget amendments needed Subject 3.4. New England Central Railroad sixteenth contract amendment - BED Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Burlington Electric Department Type Action (Consent) Recommended Action to approve and recommend approval to the City Council that the General Manager or their delegee may execute a three year extension of the rail contract between BED and New England Center Railroad, as included in the attached contract amendment Subject 3.5. Parking Garage Security Contract - DPW/Division of Parking and Traffic Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Public Works Department Type Action (Consent) Recommended Action 1. To authorize the Director of Public Works to execute an agreement with Securitas for security services at the Marketplace Garage and Downtown Garage. The contract would run from October 20, 2025 through October 19, 2026 for a total authorized contract value not to exceed $223,520. 2. To authorize the Director of Public Works to execute extensions of the contract through September 2030, subject to appropriations and review and approval of the City Attorney, and provided that the increase in price per fiscal year does not exceed the lesser of five percent (5%) or the twelve-month increase in CPI-U (Northeast Region) Subject 3.6. Resolution: Authorization For Capital Public Improvement Infrastructure Bonds - March 4, 2025 Voter Authorization - CT Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 3. Consent Agenda Department Clerk/Treasurer's Office Type Action (Consent) Resolution Recommended Action move to approve and recommend that the City Council adopt resolution related to FY26 capital improvement bonds borrowing 4. Deliberative Agenda Subject 4.1. CEDO, Community Justice Center - Reclassification of one position from Limited Service to Regular - CEDO/CJC **AGENDA ITEM REMOVED** Page 3 of 126 Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Community & Economic Development Office (CEDO) Type Action Recommended Action Move to approve and recommend that the City Council approve the reclassification of the following position retroactive for July 1, 2025: • A BARJ Coordinator, from a Limited Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position to a Regular Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position. Subject 4.2. Creation of one position at CJC - CEDO/CJC **AGENDA ITEM REMOVED** Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Community & Economic Development Office (CEDO) Type Action Recommended Action to approve and recommend that City Council approve the creation of the Adult Restorative Services Coordinator position within CEDO, a Regular Service, Full-time, Union, Grade 16, position Subject 4.3. CityPlace/BTC Public Improvements Budget Amendment - DPW Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Public Works Department Type Action Recommended Action to approve and recommend that the City Council authorize the Chief Administrative Officer, or their designee, to affect all necessary budget amendments and transfers of funds which result in an increase of the project budget by $6,500,926 for the BTC Public Improvements Subject 4.4. Award of Ravine Sewer Abandonment & Grouting Construction Contract - DPW/Water Resources Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Public Works Department - Water Resources Page 4 of 126 Type Action Recommended Action 1. To approve and authorize the Director of Public Works, Chapin Spencer, to execute a contract with S. D. Ireland Brothers for total contract amount of $449,000 for the Ravine Sewer Abandonment and Grouting 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. Subject 4.5. Downtown TIF Substantial Change Request - Use of Investment Earnings - CEDO Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Community & Economic Development Office (CEDO) Type Action Recommended Action to approve the City’s substantial change request to VEPC for the Downtown TIF District and to recommend City Council approve and authorize City Council President Ben Traverse and Chief Administrative Officer Katherine Schad to execute the attached formal request letter Subject 4.6. Downtown Tax Increment Financing District Audit - Authorization for State Education Fund Payment - CT Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Clerk/Treasurer's Office Type Action Recommended Action to approve and recommend that the City Council authorize the Chief Administrative Officer to take all such action, and to execute all such instruments approved as to form by the City Attorney, as may be necessary or convenient to ensure the repayment of the State Education Fund in the total amount of $95,363 from the DWTN TIF Fund (Fund 236), to resolve the underpayment issues noted in the State’s DWTN TIF District Audit Subject 4.7. Projected Unaudited FY25 General Fund Results - CT Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Clerk/Treasurer's Office Type Discussion Information Page 5 of 126  Subject 4.8. Resolution: Ratification Of Tentative Agreement And Authorization To Execute Collective Bargaining Agreement Between The City Of Burlington And The Burlington Firefighters' Association (July 1, 2025 - June 30, 2028) - Fire Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 4. Deliberative Agenda Department Fire Department Type Action Resolution Recommended Action waive the reading and adopt the resolution 5. Adjournment Subject 5.1. Motion to adjourn Meeting September 29, 2025 - Board of Finance Meeting - Monday, September 29, 2025, 5:00 PM, Bushor Conference Room, 149 Church Street, 1st Floor Category 5. Adjournment Department Council and Board Type Action Procedural Recommended Action Motion to adjourn Page 6 of 126 Page 7 of 126 Page 8 of 126 Page 9 of 126 Page 10 of 126 Page 11 of 126 Page 12 of 126 Page 13 of 126 Page 14 of 126  MEMORANDUM To: Burlington Board of Finance Burlington City Council From: Darren Springer, General Manager Munir Kasti, COO and Manager of Utility Services and Engineering Betsy Lesnikoski, Chief Forester Date: September 29, 2025 Subject: New England Central Railroad sixteenth contract amendment Burlington Electric Department’s (“BED’s”) Certificate of Public Good for the Joseph C. McNeil Generating Station requires that 75% of all wood fuel deliveries be by rail. Since 1983 BED has had a contract with the New England Central Railroad for the delivery of woodchips. The contract has been extended by fifteen prior amendments and will expire on September 30, 2025. The parties have agreed to a 3 year extension. The last such extension was for 5 years in 2020. There are no other changes to the existing contract terms proposed. BED staff will be present at the Board of Finance meeting on September 29, 2025 to answer any questions. Thank you for your consideration. MOTIONS Board of Finance: To approve and recommend approval to the City Council that the General Manager or their delegee may execute a three year extension of the rail contract between BED and New England Center Railroad, as included in the attached contract amendment. City Council: To approve that the General Manager or their delegee may execute a three year extension of the rail contract between BED and New England Central Railroad, as included in the attached contract amendment. Burlington Electric Department 585 Pine Street Burlington, VT 05401 burlingtonelectric.com Phone 802.658.0300 Page 15 of 126  AMENDMENT NO. 16 TO WOOD FUEL TRANSPORTATION AGREEMENT The Wood Fuel Transportation Agreement dated October 16, 1984 (the “Original Agreement”) by and between New England Central Railroad, Inc. (“NECR”) and the City of Burlington, Vermont, acting by and through its Burlington Electric Department (“BED”), as previously amended, is hereby further amended by this Amendment No. 16 as follows: 1. Paragraph 11 of the Original Agreement, as previously amended from time to time, is hereby amended in part to read as follows: Paragraph 11 – Duration: “This Agreement shall apply to shipments of woodchips made on and after October 1, 2025, (application date), pursuant to and subject to 49 CFR 1313 and shall remain in effect through September 30, 2028.” 2. All other provisions of the Original Agreement and subsequent amendments thereto, to the extent not inconsistent herewith and unless previously expired or cancelled are hereby ratified and shall remain in full force and effect. CITY OF BURLINGTON, VERMONT NEW ENGLAND CENTRAL ELECTRIC DEPARTMENT RA ILROAD, INC. By: By: Title: Title: Date: Date: Page 16 of 126  Board of Finance and City Council Submission Checklist Version: April 2025 Darren Springer and Betsy Department: Burlington Electric Submitter: Lesnikoski Title/Subject: BED and NECR Rail Contract Extension Approval Requested: Meeting Date: ☒ Board of Finance 9/29/2025 ☒ City Council 10/6/2025 ☐ 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 9/19/2025 Darren Springer Mayor’s Office Yes 9/22/2025 Erin Jacobsen Board/Commission N/A Click or tap to Click or tap here to enter text. enter a date. City Attorney’s Office for memo and Choose an Click or tap to Click or tap here to enter text. contracts or legal documents item. enter a date. City Attorney’s Office for memo and Yes 9/19/2025 Jessica Brown, motions included motion(s) or resolution(s) CAO for budget, financing, and memo Yes 9/23/2025 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 17 of 126  City of Burlington Department of Public Works Division of Parking and Traffic 645 Pine Street, Suite A Burlington, VT 05402 802.863.9094 P 802.863.0466 F 802.863.0450 TTY www.burlingtonvt.gov Chapin Spencer DIRECTOR OF PUBLIC WORKS Jackie Esperti ASSISTANT DIRECTOR for PARKING & TRAFFIC Date: September 29, 2025 To: Board of Finance From: Chapin Spencer, Director of Public Works Jackie Esperti, Division Director for Parking and Traffic Subject: Parking Garage Security Contract REQUEST The Department of Public Works (DPW) seeks Board of Finance approval to grant the FY26-FY27 security contract to Securitas for security services in the Marketplace Garage and Downtown Garage through September 2026 for $223,520 resulting in an expenditure of $167,640 in FY26 and $55,880 in FY27. BACKGROUND In July of 2025, proposals were solicited for security services in the City’s parking garages. Under this contract, we have requested two shifts each day. The first shift is 3:30PM to 11:30PM with a priority of circulating within the Marketplace garage. The second shift is from 11:00PM to 7:00AM. Both shifts are seven days per week. Between the private security, City staff, Burlington Police and the Chittenden County Sheriff, the garages have 24 hour/day coverage. 0630-1430 – COB Garage Maintenance Staff 0700-2300 – COB Parking Services Staff circulating 1130-1530 – Sheriff 1530-2330 – Private Security Shift 1 2300-0700 - Private Security Shift 2 In addition to security guards, Burlington DPW has a broad safety and security strategy that also includes: 1) Dozens of security cameras in each garage 2) Publicly displayed security camera monitors 3) Staff presence in and around garage public spaces 4) Improved lighting including motion sensor technology 5) Quarterly security meetings with the adjacent hotels An Equal Opportunity Employer This material is available in alternative formats for persons with disabilities. To request an accommodation, please call 802.863.9094 (voice) or 802.863.0450 (TTY). Page 18 of 126  6) Coordination with hotel security contractors 7) Participation in the weekly Safety and Security Meeting hosted by the Church St. Marketplace 8) Improved fencing and general physical security 9) Aggressive Graffiti Control BIDS We received three proposals that we reviewed on price, experience, quality of the proposal and safety. The lowest price was $221,104. Based on staff review of the proposals, we are recommending selecting the second-lowest proposer Securitas at $223,520 -- $2,416 over the lowest cost proposal. We believe the Securitas proposal best meets the safety and security needs of the City for the following reasons:  Vision Reporting Software – Allows us to track officer tours using a mobile device. Automated reporting for tours and incidents.  Professional Security Coverage – Local Recruiter out of S. Burlington office to recruit local talent here in Burlington to fill the security post coverage.  Field Manager – Local Field Manager out of the S. Burlington office to manage the scheduling, assure uniforms are up to standards, and assure service expectations are met.  A District Manager who will meet quarterly to review key performance indicators and make program improvements.  Free Security Technology Risk Assessment – Both municipal garages are in need of technology resources. Securitas will work with us to enhance and improve the program by utilizing Security Technology. EXTENSIONS Although this contract would expire after one year, in October 2026, the need for security services will likely extend beyond that date, and Article 4.l of the Purchasing Policy allows contracts to extend for up to five (5) years in normal circumstances. If the relationship between the parties is positive, as anticipated, it may make the best fiscal sense for the City to extend the contract rather than re-procure. Therefore, staff requests Board of Finance authorization for the Director of Public Works to execute one-year extensions through September 2030 without further approval from the Board of Finance, provided the increase in price per fiscal year does not exceed the lesser of CPI-U (Northeast Region) or five percent (5%). MOTIONS Board of Finance: 1. To authorize the Director of Public Works to execute an agreement with Securitas for security services at the Marketplace Garage and Downtown Garage. The contract would run from October 20, 2025 through October 19, 2026 for a total authorized contract value not to exceed $223,520. 2. To authorize the Director of Public Works to execute extensions of the contract through September 2030, subject to appropriations and review and approval of the City Attorney, and provided that the increase in price per fiscal year does not exceed the lesser of five percent (5%) or the twelve-month increase in CPI- U (Northeast Region). Page 19 of 126  Board of Finance and City Council Submission Checklist Version: April 2025 Department: DPW - Parking Submitter: Jackie Esperti Title/Subject: Parking Garage Security Contract Approval Requested: Meeting Date: ☒ Board of Finance 9/29/2025 ☐ City Council Click or tap to enter a date. ☐ 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 8/29/2025 Chapin Spencer Approved Mayor’s Office Yes 9/3/2025 Erin Jacobson Approved 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 9/1/2025 Erik Ramakrishnan Approved 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 9/2/2025 Katherine Schad Approved 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 20 of 126  Resolution Relating to RESOLUTION________ Sponsor(s): Bd. of Finance Introduced: ____________________ AUTHORIZATION FOR CAPITAL PUBLIC Referred to: ____________________ IMPROVEMENT INFRASTRUCTURE BONDS – MARCH 4, ______________________________ 2025 VOTER AUTHORIZATION Action: ________________________ Date: __________________________ Signed by Mayor: ________________ CITY OF BURLINGTON In the year Two Thousand Twenty Five ……………………………………………………………………… Resolved by the City Council of the City of Burlington, as follows: 1 That WHEREAS, at a special meeting held on March 4, 2025, voters of the City of Burlington, by in excess 2 of 2/3rds of the voters voting at such meeting, authorized the City Council to issue general obligation bonds or 3 notes in one or more series in an aggregate principal amount not to exceed Twenty Million Dollars and 00/100 4 ($20,000,000.00) for the purpose of funding capital improvement infrastructure projects of the City and its 5 departments in furtherance of the City’s 5-Year Capital Plan (the “Projects”); and 6 WHEREAS, the City Council now intends to approve the issuance of general obligation bonds or notes 7 in a principal amount not to exceed Seven Million Dollars ($7,000,000), to be issued in one or more series to 8 finance a portion of the Projects for the City and its departments (the “Bonds”); and 9 WHEREAS, the City expects to engage in the process of soliciting proposals from qualified 10 underwriting firms and financial institutions to sell, in a competitive or negotiated sale, the Bonds to finance 11 the Projects; and 12 WHEREAS, the City intends to use the proceeds of tax-exempt bonds or other debt to pay the costs of 13 the Projects, and may incur some capital costs prior to the issuance of the Bonds to finance the Projects of the 14 City and its departments; 15 NOW, THEREFORE, BE IT RESOLVED that the City Council has determined that it is necessary to 16 pledge the credit of the City and to issue the Bonds in connection therewith in the principal amount not to 17 exceed Seven Million Dollars ($7,000,000); and 18 BE IT FURTHER RESOLVED that such Bonds may be sold in a private placement, public offering, 19 competitive sale, or negotiated sale with one or more underwriters or underwriting firms, and may be sold and 20 issued together with other general obligation bonds of the City; and 21 BE IT FURTHER RESOLVED that the pledging of the City’s credit for such Bonds is hereby 22 authorized, with the amount of indebtedness and the form of the evidence of indebtedness to be issued, the 23 interest rates, and payment schedule to be determined by the Chief Administrative Officer; provided that the 10494190_1:12576-00044 Page 21 of 126  Page 2 Resolution Relating to AUTHORIZATION FOR CAPITAL PUBLIC IMPROVEMENT INFRASTRUCTURE BONDS – MARCH 4, 2025 VOTER AUTHORIZATION 24 true interest cost for the Bonds as determined by the Chief Administrative Officer, the Director of Finance, or 25 the Assistant Director of Finance shall not exceed six and one-half percent (6.50%) per annum; and 26 BE IT FURTHER RESOLVED that in the event that the true interest cost of the Bonds would exceed 27 six and one-half percent (6.50%) per annum, the prior approval of the City’s Board of Finance shall be 28 required; and 29 BE IT FURTHER RESOLVED that the Bonds, when issued and delivered, shall be valid and binding 30 general obligations of the City payable according to the terms and tenor thereof from unlimited ad valorem 31 taxes duly assessed on the grand list of all taxable property in the City; and 32 BE IT FURTHER RESOLVED that the Mayor, the Chief Administrative Officer, the Director of 33 Finance, and the Assistant Director of Finance are, and each one of them is, hereby authorized and directed to 34 prepare one or more Official Statements of the City as they deem necessary in the City’s best interest. The 35 Mayor, the Chief Administrative Officer, the Director of Finance, and the Assistant Director of Finance are, 36 and each one of them is, hereby authorized to execute and deliver one or more final Official Statements and to 37 execute and deliver such agreements approved as to form by legal counsel, including one or more bond 38 purchase agreement with the underwriter or underwriters for the Bonds, continuing disclosure certificates, 39 certificates as to use of proceeds and all other documents, agreements and instruments necessary or convenient 40 in connection with the issuance of the Bonds; and 41 BE IT FURTHER RESOLVED that, in order to obtain efficiency in the issuance of such Bonds, 42 reduce transaction expenses, and seek the potential opportunity for more favorable interest rates, the Chief 43 Administrative Officer may combine the issuance of the Bonds in one or more series with other bonds or notes 44 as authorized by the City Council for other capital projects; and 45 BE IT FURTHER RESOLVED that, if in the opinion of the Chief Administrative Officer it is 46 desirable and in the City’s best interest to obtain bond insurance for the Bonds, the Mayor, the Chief 47 Administrative Officer, the Director of Finance, and the Assistant Director of Finance are, and each one of 48 them is, hereby authorized to enter into such agreements and instruments approved as to form by legal counsel 49 with the bond insurer in order to obtain bond insurance for the Bonds; and 50 BE IT FURTHER RESOLVED that it is the official intent of the City Council to reimburse some 51 capital expenditures made during the City’s 2026 fiscal year in furtherance of the Projects, in an amount not to 52 exceed $1,000,000 in the aggregate, with the proceeds of tax-exempt bonds, in accordance with the Page 22 of 126  Page 3 Resolution Relating to AUTHORIZATION FOR CAPITAL PUBLIC IMPROVEMENT INFRASTRUCTURE BONDS – MARCH 4, 2025 VOTER AUTHORIZATION 53 requirements of Section 1.150-2 of the Treasury Regulations adopted under the Internal Revenue Code of 54 1986, as amended; and 55 BE IT FURTHER RESOLVED that the City reasonably expects on the date hereof that it will 56 reimburse such expenditures with the proceeds of tax-exempt bonds; and 57 BE IT FURTHER RESOLVED that the City’s Chief Administrative Officer, the Director of Finance, 58 and the Assistant Director of Finance are each further authorized to declare additional notices of official intent 59 to reimburse capital expenditures made in furtherance of the Projects with the proceeds of tax-exempt bonds. 60 61 TM/Resolutions 2025/Authorization for Capital Public Improvement Infrastructure Bonds 62 9/25/25 Page 23 of 126  DEPARTMENT OF FINANCE & ADMINISTRATION City of Burlington City Hall, 149 Church Street, Burlington, VT 05401 (802) 865-7000 MEMORANDUM TO: Board of Finance and City Council FROM: Darlene Bayko, Assistant Director of Finance Brad Kukenberger, Director of Finance DATE: Sept 29 & Oct 6, 2025 RE: Approval of Resolution for Annual Borrowing for FY26 Overview The DFA presents this Resolution for Capital Improvement Bonds FY26 borrowing for capital needs, specifically a resolution for $7M capital improvement infrastructure bond. This is the first borrowing that is part of the voter-approved $20M general obligation bonds for the capital improvement plan from Town Meeting Day 2025. Please note that DFA expects the true interest cost for any and all financing to be less than 6.5% and we will come back to the Board of Finance for additional approval if the true interest cost exceeds 6.5%. Board of Finance Motion Move to approve and recommend that the City Council adopt resolution related to FY26 capital improvement bonds borrowing. City Council Motion To waive the reading and to approve the attached resolution. Page 24 of 126  Board of Finance and City Council Submission Checklist Department of Finance and Darlene Bayko Department: Adminstrataion Submitter: Title/Subject: FY26 Annual Bonding Approval: Meeting Date: ☒ Board of Finance 9/29/2025 ☐ 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 09/23/2025 Katherine Schad Mayor’s Office informed and approved memo Yes 09/24/2025 Erin Jacobsen 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 Click or tap here to and/or legal documents, to enter a enter text. -Identify attorney in note date. City Attorney’s Office has approved memo and Yes 9/18/2025 Erik Ramakrishnan motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 9/23/2025 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? Choose an item. Click or tap here to enter text. Additional Materials, if necessary N/A Draft Resolution or Motion? N/A Click or tap here to enter text. If for submission to Council, are N/A sponsors identified? Page 25 of 126  To: Board of Finance and City Council From: Rachel Jolly, Assistant Director, Community Justice Center Orietta Glozheni, Human Resources Manager DATE: September 29, 2025 Board of Finance; Oct. 6 City Council RE: CEDO, Community Justice Center –Reclassification of one position from Limited Service to Regular ______________________________________________________________________________ Executive Summary The Community Justice Center (CJC) is seeking approval for the reclassification of one position: • A Youth Restorative Services (BARJ) Coordinator, from a Limited Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position to a Regular Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position. Background and Financial Impact The Balanced and Restorative Justice (BARJ) Coordinator position was created in October 2023 to increase capacity for accepting and coordinating referrals received from the VT Department for Children and Families, serving youth who are involved with the criminal-legal system or at risk of being so. We started this new position as Limited Service as we didn’t have a guarantee about future funding. After almost two years of stability, and with the renewal of the contract in FY26, we are seeking to move the position to Regular Service. This position is 90% grant funded and 10% funded with General Fund dollars. The financial impact to the City for the addition of retirement is $664/year and this can be absorbed within the CJC’s existing GF budget. Board of Finance Motion: Move to approve and recommend that the City Council approve the reclassification of the following position retroactive for July 1, 2025: Page 26 of 126  • A BARJ Coordinator, from a Limited Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position to a Regular Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position. City Council Motion: Move to approve the reclassification of the following position retroactive July 1, 2025: • A BARJ Coordinator, from a Limited Service, Full-Time, Non-Exempt, Union, Grade 16 position to a Regular Service, Full-Time, Non-Exempt, AFSCME, Grade 16 position. Page 27 of 126  Board of Finance and City Council Submission Checklist Department: CEDO Submitter: Rachel Jolly Title/Subject: Reclass of Limited Service to Regular CJC position Approval: Meeting Date: ☒ Board of Finance 9/29/2025 ☒ City Council 10/6/2025 ☐ Concurrent 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 9/17/2025 Kara Alnasrawi Mayor’s Office informed and approved memo Yes 9/22/2025 Erin Jacobsen 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 9/16/2025 Emmett Wood motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 9/16/2025 Katherine Schad memo Human Resources, if personnel action Yes 9/18/2025 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 N/A Click or tap here to enter text. 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 28 of 126 MEMORANDUM To: Board of Finance City Council From: Rachel Jolly, Assistant Director, CJC Lynn Reagan, Director of Human Resources Orieta Glozheni, Human Resources Manager CC: Kara Alnasrawi, CEDO Director Date: September 12, 2025 RE: Creation of one position at CJC Executive Summary We propose creating one new position in the Community Justice Center (CJC): • Adult Restorative Services Coordinator—a Regular Service, Full-time, Union, Grade 16, position. Background: With the passage of Act 180 last year, which expands the pre-charge restorative justice option across the state, the VT Attorney General’s Office assumed responsibility for funding and management of the program from the VT Department of Corrections. Now called Pre-Charge Diversion, this program has been added to the suite of court diversion and pre-trial services falling under the AGO contract that has come to the Burlington CJC since 2019. In FY26, the AGO is awarding one contract to each of the four Chittenden County CJCs to deliver Pre-Charge Diversion. However, as of FY27, the intention is for pre- charge services countywide to be delivered under the Burlington CJC contract. CJC anticipates the City Council acceptance, on September 29th, of the $953,658 award from the AGO to deliver diversion and pretrial services in FY26. This includes a budget for adding 1 FTE to focus on the delivery of the Pre-Charge Diversion program, as well as working on the transition of the program within the county. Financial Impact: This position will be a Grade 16, step 1-15, $32.22 – $36.30/hour. This new position was not in the FY26 City budget because we did not have the additional money in the AGO contract at that time. 100% of this position will be covered by the AGO funds. Motions: Board of Finance Motion: Page 29 of 126 To approve and recommend that City Council approve the creation of the Adult Restorative Services Coordinator position within CEDO, a Regular Service, Full-time, Union, Grade 16, position. City Council Motion: To approve the creation of the Adult Restorative Services Coordinator position within CEDO, a Regular Service, Full-time, Union, Grade 16, position. Page 30 of 126  City of Burlington, Vermont Adult Restorative Services Coordinator SALARY $30.48 Hourly LOCATION Burlington, VT $63,398.40 Annually JOB TYPE Regular Full Time Non Exempt JOB NUMBER CEDO Adult Restor Svcs Coord DEPARTMENT Community Economic Development Office DIVISION Community Justice (CEDO) OPENING DATE 08/22/2025 CLOSING DATE 9/14/2025 11:59 PM Eastern FLSA Non-Exempt BARGAINING UNIT AFSCME 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 with responsible and impacted parties. The work is closely integrated with our Diversion and Pretrial Service programs. A key focus of the position is to be outcomes-driven with respect to equity, inclusion and belonging. Other measures of success include successful completions, affected and responsible party satisfaction, and restitution paid to affected parties. Union Affiliation: American Federation of State, County, and Municipal Employees (AFSCME) Pay Grade 16: $30.48 Hourly Remote Tier 3: Up to two (2) days remote/week Essential Job Functions Restorative Process Scheduling and Coordination Work with the 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 and responsible 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. Work to create conditions of accountability-taking for responsible parties at all stages of the restorative processes Page 31 of 126  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 BPD-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. Schedule and facilitate twice/month RTAP classes with adults and youth charged with retail theft. Harmed Party Services: 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 bi-monthly Victim Services team meetings to coordinate with colleagues, build meaningful program development, and engage in relevant professional development Administrative and Data Related Collect, track and evaluate feedback using Results-Based Accountability metrics, aiming for a minimum of 30% response rate Document and track all required participant data in combination of SharePoint and Law Manager software platforms Maintain and enter timely updates on internal excel spreadsheets for program participants Miscellaneous/Other Educate are a service providers on the restorative justice program principals and build a network of community support Act as “Ambassador” for the City, carryout work and interacting 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 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. 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. 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. Page 32 of 126  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 Indirectly Supervises: 3-4 volunteers at any given time Additional Information Promoting a culture that reveres diversity and equity The City of Burlington is proud to be an equal opportunity employer, and we are strongly committed to creating a dynamic and equitable work-force that mirrors the population and world that we serve. We do not discriminate on the basis of political or religious affiliation, race, color, national origin, place of birth, ancestry, age, sex, sexual orientation, gender identity, marital status, crime victim status, veteran status, disability, HIV positive status, or genetic information in employment or the provision of services. In addition to being an equal opportunity employer we actively encourage applicants who can contribute to our growing diversity to apply. Applications for our employment opportunities are only accepted online through our Government Jobs website. For accessibility information or alternative formats, please contact Human Resources Department at 802-540-2505 or careers@burlingtonvt.gov. Benefits The City of Burlington is proud to offer full time employees a comprehensive benefits program that includes: Medical/Dental Insurance Coverage Prescription Drug Coverage Flexible Spending Programs Short-Term Disability Insurance Paid Leave (Sick and Vacation) Pension Plan Contributory Retirement Plan Life Insurance Discounted Gym Memberships Free Yoga Membership to Sangha Studios (Burlington, Williston & online) Tuition Discounts for Champlain College TruEd Employee Assistance Program Wellness Bonus Incentives Program Local & National Store Discounts Subsidized Transportation Options Qualifying employer for Public Service Loan Forgiveness For additional details please visit https://www.burlingtonvt.gov/HR/benefitsinformation Employer Address City of Burlington, Vermont 200 Church Street, Suite 102 Burlington, Vermont, 05401 Page 33 of 126 Phone Website 802-540-2505 https://www.burlingtonvt.gov Adult Restorative Services Coordinator Supplemental Questionnaire *QUESTION 1 Do you have a Bachelor’s degree and two years of experience, or six years of program coordination experience with a focus on restorative justice, victim advocacy, community development, or a related field? Yes No *QUESTION 2 Do you have some evening availability? Yes No * Required Question Page 34 of 126  CEDO ORGANIZATIONAL CHART CEDO Director Kara Alnasrawi Housing Program Assistant Director Executive Director – Real Estate Development Community Engagement Assistant Director of Lead Program Manager Economic & Community Church Street Community Justice Manager Manager Office Assistant Margaret Williams Development Marketplace Center VACANT Will Clavelle Samantha McGinnis Gummi Jonsson Kimberly Rojas Cepeda Rachel Jolly Lead Program Specialist Supervisor of Housing Program Small Business Support II Marketing Manager Marketplace Coordinator Event Coordinator Maintenance & Event Specialist Specialist 17 FTEs Jessica Dudley Andrew Bacher Aida Washburn Support Bethany Whitlock Will Verman Johanna Schneider James Daly Lead Program Specialist I Workforce Development Marketplace Marketing Coordinator Manager Maintenance Constance Craik Isa Paredes Alexandra Bacheller Bruce Medeiros Lead Program Specialist I Workforce Development Marketplace Manager Maintenance Sean Melinn Rebecca Reese Gabriel Gonyo Senior Community Sunday Maintenance Development Specialist – .2 FTE Grant Management VACANT Christine Curtis 1 Page 35 of 126 CEDO ORGANIZATIONAL CHART Community Justice Center CEDO Director Kara Alnasrawi Assistant Director for Community Justice Center Rachel Jolly Manager of Restorative Data Communication & Adult Restorative and Conflict Assistance Youth Restorative Court Diversion & Pretrial Operations Specialist Volunteer Manager Program Coordinator Programs Manager Services Charlotte Broadbent Becky Penberthy Barbara Shaw-Dorso Kelly Ahrens Lauryn Crutchfield Victim Services Specialist Pretrial Youth Restorative Services/Tamarack Case Services Coordinator (BPD-Based) Coordinator (YSASP) Hannah Brislin Michael Hill Lisa Pepe Pretrial Youth Restorative Reentry and Restorative Services/Tamarack Case Services Coordinator Process Specialist Coordinator (BARJ) Rachel Lawler Geena Zick Virginia Litchfield Adult Restorative Services Adult Restorative Services Victim Services Specialist Coordinator Coordinator (CJC-Based) Stuart Recicar VACANT Lauren Monaco Eddings Youth Restorative Reentry and Restorative Services Coordinator Process Specialist (BARJ) Lorcan Ackley Felicity Rodriguez Adult Restorative Services Youth Restorative Coordinator Services Coordinator NEW Balla Sankareh 2 Page 36 of 126  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 9/29/2025 ☒ City Council 10/6/2025 ☐ Concurrent 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 9/17/2025 Kara Alnasrawi Mayor’s Office informed and approved memo Yes 9/22/2025 Erin Jacobsen 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 9/16/2025 Emmett Wood motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 9/16/2025 Katherine Schad memo Human Resources, if personnel action Yes 9/18/2025 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 and Org Chart 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 37 of 126  CITY OF BURLINGTON DEPARTMENT OF PUBLIC WORKS 645 Pine Street, Suite A Post Office Box 849 Burlington, VT 05402-0849 802.863.9094 VOX 802.863.0466 FAX 802.863.0450 TTY www.burlingtonvt.gov Chapin Spencer DIRECTOR OF PUBLIC WORKS MEMORANDUM TO: Board of Finance/City Council FROM: Julia Ursaki, PE, Public Works Transportation Engineer Laura Wheelock, PE, Division Director of Technical Services/City Engineer DATE: September 29, 2025 (BOF) & October 6, 2025 (CC) CC: Chapin Spencer, Director of Public Works Ashley Parker, Capital Program Director Stephen Donahue, CPA, Senior Accountant Gummi Jonsson, Real Estate Development Manager RE: CityPlace/BTC Public Improvements Budget Amendment Request: The Department of Public Works (“DPW”) is requesting Board of Finance and City Council approve a budget amendment to increase the BTC Public Improvement project budget by $6,500,926 in Waterfront Tax Increment Financing (TIF) District funds for the Public Improvements Contract per the Second Amendment to the Second Amended and Restated Development Agreement (ARDA 2.0) with CityPlace Partners (CPP). Background on the CityPlace Public Improvements Project The CityPlace Public Improvements project area includes the new sections of Pine Street and St. Paul Street between Bank Street and Cherry Street, as well as the north side of Bank Street and south side of Cherry Street, as defined under the Second Amended and Restated Development Agreement as Amended (ARDA 2.0). Public Improvement elements are all within the City’s public rights-of-way and include:  Construction of the new street to Great Streets Design Standards;  Amenities such as decorative lighting, benches, and bike racks;  Durable materials with granite curbs, paver amenity belts, and new concrete sidewalks;  Street ecology supported with new trees/plantings with soils cells to support growth; Page | 1 of 3 Page 38 of 126 RE: CityPlace/BTC Public Improvements Budget Amendment October 6, 2025 Page | 2 of 3  Stormwater collection with rain gardens and infiltration within the tree belt through pervious pavers and curb inlets into these practices The public improvements work has been underway since fall 2023, and work on Bank Street and the southern half of Saint Paul Street is largely complete. Public improvements work in the remaining areas will continue with an anticipated completion in fall of 2027. In addition, the south tower of CityPlace is set to open in the coming weeks. Note: the CityPlace development has been rebranded as Burlington Square. For consistency in our financial system and agreements we are still using the CityPlace name for our documentation. The CityPlace Partners LLC is still active and is the entity with whom the City is doing business. Background on ARDA 2.0 TIF Payments for Public Improvements The ARDA 2.0 contains provisions that the City pay CPP for the public improvements work with Waterfront TIF in two stages. The first was when CPP closed on their financing for the south tower (which occurred in August 2024). The second is when CPP closes on their financing for the north tower, which CPP anticipates to occur in October 2025. This budget amendment will allow staff to issue payment to CPP, however, no payment will be issued until the Office of the City Attorney verifies that the ARDA conditions are met and all required invoice documentation is submitted by CPP. Funding and Budget for the CityPlace Public Improvements Funding for the public improvements comes from Waterfront Tax Increment Financing (TIF) under Tier 2 as described in the ARDA 2.0. The budget was presented to the City Council on June 20, 2023 when construction costs were approved. The City currently holds a note that covers $18.84M in possible Waterfront TIF debt for this project. Of that, we allocated $6.4M when the south tower’s financing closed last year towards Tier 1 and Tier 2 costs, and are holding $600k of unallocated Tier 1 costs towards the CDS local match while the project determines the limits of CDS work. For reference, the ARDA 2.0 defines a “TIF Waterfall” of four tiers that defines the order in which Waterfront TIF funding will be spent, starting with funding expenses in Tier 1, then Tier 2, etc. The four tiers are: 1. City’s TIF eligible costs for Public Improvements up to a cap of $1,000,000, City’s payment to 100 Bank to acquire property rights to construct Public Improvements, and the $3,000,000 CDS grant local match 2. CPP’s TIF eligible costs in connection with any completed and delivered Public Improvements incurred on or after September 2020 and BED’s lighting infrastructure costs 3. Tier 3 has been removed 4. CPP’s remaining TIF eligible costs in connection with any completed and delivered Public Improvements incurred prior to September 2020 The City already holds an $18.84M note of short term debt for this project. This budget amendment will increase the long-term Waterfront TIF debt by $6,500,926, for a new total of $12,900,926, which will be paid off by the future property tax increment from the CityPlace An Equal Opportunity Employer This material is available in alternative formats for persons with disabilities. To request an accommodation, please call 802.863.9094 (voice) or 802.863.0450 (TTY). Page 39 of 126 RE: CityPlace/BTC Public Improvements Budget Amendment October 6, 2025 Page | 3 of 3 development project. It will cover the public improvement expenses approved by City Council on June 20, 2023. This request, along with previously allocated TIF funding, is summarized in Table 1 below. The proposed budget amendment leaves a $5,339,074 difference in committed Waterfront TIF debt and the amount of permanent financing that the City could choose to pursue of the $18.84M total. This remaining debt capacity could be used to support the public improvements if other costs arise, or could be forfeited if all conditions of the ARDA are met and no additional funding is needed, which would ultimately save the City money. Unknown underground utility conflicts and the uncertainty of future Sales Tax Reallocation grant awards in the future are examples of costs that could arise. NW Budget - TIF ONLY Added FY24 Added 10/6/25 Total as Project Name Approved 1/29/24 (current Amended request) 851 BTC Public Improvements, Public Art (TIF Proceeds) $7,000.00 $200,000.00 $207,000.00 851 BTC Public Improvements, BTC Public Improvement TIF (TIF Proceeds) $2,738,376.00 $1,054,624.00 $6,500,926.00 $10,293,926.00 851 BTC Public Improvements, CDS CD23(1) - Cherry Street (TIF Proceeds – Local Match) $2,400,000.00 $2,400,000.00 TOTAL $12,900,926.00 Motions Board of Finance: 1. To approve and recommend that the City Council authorize the Chief Administrative Officer, or their designee, to affect all necessary budget amendments and transfers of funds which result in an increase of the project budget by $6,500,926 for the BTC Public Improvements. City Council: 1. To authorize the Chief Administrative Officer, or their designee, to affect all necessary budget amendments and transfers of funds which result in an increase of the project budget by $6,500,926 for the BTC Public Improvements. An Equal Opportunity Employer This material is available in alternative formats for persons with disabilities. To request an accommodation, please call 802.863.9094 (voice) or 802.863.0450 (TTY). Page 40 of 126  Board of Finance and City Council Submission Checklist Version: April 2025 Department: Public Works Submitter: Julia Ursaki Title/Subject: CityPlace/BTC Public Improvements Budget Amendment Approval Requested: Meeting Date: ☒ Board of Finance 9/29/2025 ☒ City Council 10/6/2025 ☐ 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 9/23/2025 Chapin Spencer Mayor’s Office Yes 9/24/2025 Erin Jacobsen Board/Commission N/A Click or tap to Click or tap here to enter text. enter a date. City Attorney’s Office for memo and Yes 9/19/2025 Erik Ramakrishnan contracts or legal documents City Attorney’s Office for memo and Yes 9/19/2025 Erik Ramakrishnan motion(s) or resolution(s) CAO for budget, financing, and memo Yes 9/23/2025 Katherine Schad Human Resources, if personnel action N/A Click or tap to Click or tap here to enter text. or policy enter a date. CIO, if IT-related N/A Click or tap to Click or tap here to enter text. enter a date. Page 41 of 126 MEMORANDUM TO: Board of Finance FROM: Ashley Walenty, PE DPW Water Resources Engineer Megan Moir, Division Director Water Resources CC: Chapin Spencer, DPW Director Laura Wheelock, Division Director Technical Services DATE: September 29, 2025 RE: Award of Ravine Sewer Abandonment & Grouting Construction Contract REQUEST The Department of Public Works (“DPW”) and its Water Resources Division seeks authorization to execute a contract with S.D. Ireland for $449,000 for the Ravine Sewer Abandonment and Grouting 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) has been working with Champlain Housing Trust (CHT) to abandon a portion of the late- 1800's era, 5-foot diameter brick sewer (referred to as the “Ravine Sewer”) for the development of their Post Apartments project. The Post Apartments project consists of the construction of a new, approximately 45,000 square foot multi-family housing building centered about the footprint of the former VFW building at 176 South Winooski Ave. in Burlington, Vermont. The Ravine Sewer (built in the 1870’s) underlies the northwest corner of the proposed new building and is about 25 to 30 feet below current site grades. The Post Apartments project was designed with the understanding that a separate project underway by the City to modernize the sewer system, which included taking this stretch of the Ravine Sewer offline, would be completed in advance of beginning construction on the Post Apartments structure. This would allow for grouting the Ravine sewer between the manholes in Main Street and King Street. As such, the foundation support system that was installed for the Post Apartments project is reliant upon the Ravine Sewer being grouted below the building footprint and in adjacent areas. Since design was completed, delays in the sewer project led to the Post Apartments project going into construction in advance of the Ravine Sewer being taken offline. Furthermore, there is concern with taking offline the portion of the Ravine Sewer that resides west of South Winooski Ave. The result is that a much smaller portion of the Ravine Sewer can be readily grouted, accessing the sewer for grouting via manholes is not expected to be practical, and the in-construction Post Apartments building will limit the locations at which the Ravine Sewer can be accessed for grouting from above. 1 of 3 Page 42 of 126 Based on these conditions the City worked with a Geotechnical Engineering Consultant to design the grouting plan and specifications to accomplish the proper abandonment necessary to support the Post Apartments building foundation system. The design will require drilling access and venting ports into the Ravine Sewer from ground surface, constructing bulkheads through the drill casing at each end of the project, and grouting between the bulkheads. We anticipate this will require working within South Winooski Ave. as well as the adjacent gas station property at the corner of South Winooski Ave. and Main St. Coordination between the gas station property and the project will be handled by the Contractor with support from CHT and the City as necessary. PROCUREMENT AND CONTRACTING: The City posted a Request for Price Quotations (RFPQ) to abandon and fully grout a portion of the Ravine Sewer on August 12, 2025 with bids due September 9, 2025. The City reached out to various known contractors in the area to notify them of the RFPQ. Two bids were received, Engineer’s Construction, Inc (ECI) and S. D. Ireland. The City reviewed both bids and has deemed SDI to be a responsible bidder with a the lowestcost estimate to perform this work; see below for bid results. Contractor Total Bid Engineer’s Construction, Inc. $937,500 S. D. Ireland Brothers $449,000 It is the staff recommendation to execute a construction contract with SDI to perform this work and to include a contingency of approximately 10% ($45,000) for a total contract authorization of $494,000. PROJECT COST SUMMARY: The following summary tables outlines the funding sources that comprise the total contract values for which we are seeking approval: Ravine Sewer Abandonment & Grouting Project Funding Source Costs by Source Total Contract including Contingency CDBG Grant Cost Share $135,000 NTE TIF Contingency $260,000 $494,000 Wastewater Fund Cost Share $24,000 CHT Cost Share $75,000 MOTIONS: The Department of Public Works’ Water Resources Division respectfully requests that the Board of Finance approve the following motions: 2 Page 43 of 126 Board of Finance Actions: 1. “To approve and authorize the Director of Public Works, Chapin Spencer, to execute a contract with S. D. Ireland Brothers for total contract amount of $449,000 for the Ravine Sewer Abandonment and Grouting 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 44 of 126  Board of Finance and City Council Submission Checklist Department: DPW-Water Resources Submitter: Ashley Walenty/Megan Moir Title/Subject: Ravine Sewer Abandonment & Grouting Contract Award Approval: Meeting Date: ☒ Board of Finance 9/26/2025 ☐ 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 9/23/2025 Chapin Spencer Mayor’s Office informed and approved memo Yes 9/24/2025 Erin Jacobsen 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 9/24/2025 Erik Ramakrishnan motion(s) or resolution(s) -Identify attorney in note CAO has reviewed budget, financing, and Yes 9/23/2025 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? N/A If for submission to Council, are N/A Click or tap here to enter text. sponsors identified? Page 45 of 126 To: Board of Finance and City Council From: Kara Alnasrawi, CEDO Director CC: Katherine Schade, CAO Chapin Spencer, DPW Director Laura Wheelock, City Engineer Date: September 29th, 2025 RE: Downtown TIF Substantial Change Request – Use of Investment Earnings Background: Burlington’s Downtown TIF District was approved by VEPC in 2011. Since its inception, there have been 4 substantial change requests. It is readily expected that TIF Districts will require such changes as conditions evolve over the lifetime of the district. The Downtown TIF district is currently bonded to support the Great Streets Main Street construction project. Due to the immensely impactful nature of this project, business owners in the City of Burlington requested that the project be reviewed to consider mitigation actions that could be taken to offer adjacent businesses relief. On June 23rd, 2025, City Council approved a staff-recommended mitigation strategy that involved opening Main Street to traffic on nights and weekends. The cost of this mitigation strategy was priced at $600,000 and the source of funds was identified as investment earnings from the TIF Bond Series 2022B. Through 6/30/2025 gross investment earnings totaled $2,947,374. Current Situation: The opening of Main Street on nights and weekends was well received by the business community and appears to have had the desired effect of offering relief from the financial impacts of the project. In addition, the City has been seeking other sources of funding to add back some of the work on the project due to the overall cost of the project. The City applied for and was awarded a $200,000 downtown improvement grant to assist with this. This grant will require a $40,000 match. CEDO will now be going to the Vermont Economic Progress Council (VEPC) for approval of the use of its investment earnings to cover: 1) Pay any IRS rebate due when the city is required to 2) Cover the $600,000 change order approved by City Council to mitigate the traffic impacts of Main Street construction 3) Provide a $40,000 match for the $200,000 downtown improvement grant 4) If further funds are available from the investment earnings, pay for adding features back into the project that were removed due to budget issues 5) If further funds remain, pay interest on the bond. Page 46 of 126 Attachments: 1) The narrative to VEPC in support of the Substantial Change Request 2) TIF district financials which have been amended to reflect this substantial change request 3) Formal request letter to VEPC to be signed by Council President Ben Traverse and Chief Administrative Officer Katherine Schad Motion: Board of Finance: To approve the City’s substantial change request to VEPC for the Downtown TIF District and to recommend City Council approve and authorize City Council President Ben Traverse and Chief Administrative Officer Katherine Schad to execute the attached formal request letter City Council: To approve the City’s substantial change request to VEPC for the Downtown TIF District and authorize City Council President Ben Traverse and Chief Administrative Officer Katherine Schad to execute the attached formal request letter Page 47 of 126  City of Burlington – Downtown TIF District Substantial Change Request Narrative October 2025 Introduction The City of Burlington submits this Substantial Change application to the Vermont Economic Progress Council (VEPC) for two main purposes: 1) Investment Earnings – To request VEPC approval for the City’s plan for use of the investment earnings derived from the depository account holding the bond proceeds. 2) General update – To provide an update regarding progress on the Great Streets Main Street project, private development projects, and TIF district finances. Background A) History Burlington’s Downtown TIF district was approved by VEPC in 2011. Since then, four requests for Substantial Change and Phase Filings have been approved, in 2014, 2020, 2021, and 2024. The last of these reduced the percentage of education tax increment being retained by the Downtown TIF district from 75% to 69%. It also approved the City’s plan for use of the bond premium, and, due to significantly increased construction costs, approved a reduction in the Great Streets Main Street project area from six blocks of Main Street to three blocks along with removal of some features. The Downtown TIF district has helped pay for significant public infrastructure improvements and brownfield remediation all of which have directly and indirectly stimulated substantial private investment. TIF investments include: • Great Streets Main Street reconstruction (currently underway) • Ravine sewer replacement and reconstruction (anticipated completion Nov. 2025) • Great Streets reconstruction of St. Paul Street from Main Street to Maple Street. • Main Street stormwater upgrades completed as part of the redevelopment of City Hall Park as a precursor to Great Streets reconstruction of Main Street. • Upgrades to the Market Place parking garage. • Browns Court environmental remediation. B) Development Projects At the time of the 2024 Substantial Change request, three projects were anticipated in the near term. Of these three projects, one is now complete (151-157 South Champlain Street) and the other two are under construction (YMCA redevelopment and CHT-VFW). The redevelopment of the YMCA property was previously envisioned to be a hotel or mix of hotel and apartments. The project that is now underway, referred to as the College Street Apartments, is entirely apartments consisting of a total of 79 units, including 12 affordable units. The CHT-VFW project has 38 affordable rental apartments, and two nonprofit commercial spaces, one for VFW post 782, and the other for the Burlington Community Justice Center. 1|Pa ge Page 48 of 126 Additionally, there are three major projects that may proceed in the next several years. These are 1) the Gateway (Memorial) Block which includes the municipal parking lot made available for development as a result of the reconstruction and relocation of the ravine sewer; 2) the site of the former Cathedral of Immaculate Conception; and 3) the former state office building on Cherry Street. All three sites are under agreement with developers who are currently conducting due diligence analysis and project feasibility review. The Gateway Block is currently envisioned to include 103 residential units and a hotel with 152 rooms. The former state office building at 108 Cherry Street will be demolished and current plans anticipate approximately 250 residential units. Less is known at the present time about the potential project on the former site of the Cathedral of Immaculate Conception, but the cathedral building has been demolished and previous concept plans have shown the site has capacity for several hundred residential units. C) Finances The final debt for the TIF district was issued in August 2022. It was for $30,120,000 principal plus a bond premium of $4,261,971 (net after cost of issuance of bond). The Original Taxable Value of the Downtown TIF district was $170,006,600. Through the current fiscal year (FY 2026), the Grand List has grown to $300,157,409 (education taxable value). In the 2024 financial plan the estimates of value of the three near-term projects showed these three projects combined with previous growth would be sufficient to pay the TIF district debt. This continues to be the case today. The City’s financial plan for the TIF district does not require and does not include the three larger projects, the Gateway Block, state office property, and cathedral site. They continue to be listed in the financial plan as a matter of information, but no incremental revenue is ascribed to them in the cash flow. If even one of these is built it will likely add tens of millions in taxable value. If they all occur, cumulatively they could add more than $100 million to the TIF district grand list. This would generate substantial surplus revenues in the TIF district which could allow future reduction of the municipal and education tax percentages retained. D) Main Street Great Streets Project The Main Street Great Streets project commenced construction in February 2024. From a construction perspective it has proceeded well and is ahead of schedule. From a community perspective it has been highly disruptive. The closure of major sections of Main Street has interfered with one of the two main east-west entries to downtown. The associated closures of the intersections of Main Street with South Winooski, Church, St. Paul, and Pine have disrupted major north-south entrances into downtown. While such disruptions are unavoidable with major street and subsurface utility reconstruction, it has caused significant traffic issues for residents, commuters, shoppers, and tourists. Nearby businesses have suffered materially. To address this, the City worked with the construction contractor to identify ways to mitigate the traffic problems to the extent reasonably possible. The selected approach was to open the streets and intersections for two-way traffic on nights and weekends. While this slows construction, possibly by a few months, and adds $600,000 in cost, the City Council voted to approve the contract amendment. The impact on the community in general and businesses in particular was simply too great to ignore. Payment for this is discussed below. Because the construction is ahead of schedule, even with this change it is expected to be completed by the overall completion date of November 2026. As was explained and approved by VEPC in 2024, the construction bids came in significantly higher than budget. In order to bring the project within budget, the City elected to reduce the geographic range of the 2|Pa ge Page 49 of 126 Main Street Great Streets project by reducing the number of blocks. The City also reduced some of the street features and amenities. Subsequently, the City has been seeking other sources of funding to add back some of the work that was deleted. The City applied for and was awarded a $200,000 downtown improvement grant to assist with this. It requires a $40,000 match. Funding of the match is discussed below. A further change is that the closure of the ravine sewer in the vicinity of the CHT-VFW project required some unanticipated specialized expertise. This added $234,000 in cost. To pay for this, the City obtained $135,000 HUD grant, CHT is paying $75,000, and the City is using $24,000 of its own wastewater capital funds. Other miscellaneous changes have added $251,947 to the budget that will also be paid from City funds. This brings the total budget (not including the $600,000 traffic mitigation and the $240,000 downtown improvement grant with matching funds) to $35,474,624, with all the increase paid from non-TIF funds. E) Investment Earnings The proceeds from the final $30 million bond were placed in an interest-bearing depository account. Funds are gradually being drawn down to pay the costs of the Main Street Great Streets project. Interest continues to be earned on the remaining balance in the account. These earnings have not previously been accounted for in the Downtown TIF district financial plan. Through 6/30/25 gross investment earnings totaled $2,947,374. There may be a required offset to this. IRS rules limit investment earnings from the proceeds of non-taxable bonds. These rules may require the City to rebate a substantial portion of the earnings to the IRS. The most recent estimate (1/31/25) indicates an accrued liability to the IRS of $1,422,575. However, the final amount cannot be calculated until all bond funds are drawn down to pay for the Main Street Great Streets project. This must occur by August 31, 2027. If there is a payment due it must be paid within 60 days. Due to the esoteric rules under which any rebate is calculated the rebate could grow (although the City’s bond advisor indicates it is unlikely to increase materially) or it could drop to as little as zero. A further complication is that it is impossible to project what future investment earnings may be. This is due to the uncertainty of the timing of withdrawals from the account to pay for project costs as well as the unpredictable interest rate environment. Nonetheless, based on advice of the City’s bond advisor, the City is confident there will be at least $1 million net available after any IRS rebate and potentially much more. Due to the uncertainty of future investment earnings and the unknowable amount of the potential IRS rebate, we do not think it prudent to include this in the financial workbook spreadsheet. Nonetheless, these funds must be used for either project costs for the Downtown TIF district or to pay interest on the bond, so the plan for the funds should be reviewed and approved by VEPC. As requested below, the City seeks authorization from VEPC to use available earnings to support the balance of expenditures needed to complete the project, and then use any remaining balance of earnings to make future interest payments. Financial Plan The financial plan for the Downtown TIF district is little changed from the most recent version (05-23-24) shared with VEPC. Most changes from that version are simply updates that reflect replacing projected revenues and expenses with actuals. As discussed above, the updated financial plan spreadsheet does not include investment earnings on the bond proceeds. Consequently, it also does not include the $600,000 change order for traffic mitigation nor the $40,000 grant matching funds which the City intends to pay from this source. 3|Pa ge Page 50 of 126 Here are the changes to the financial plan spreadsheet included with this Substantial Change application: • Tab 1 Years and Tax Rates – Actual tax rates for FY 25 and FY 26 have been added. • Tab 5I Infrastructure Projects – The total budget and “Other Sources” have been increased as discussed above. • Tab 5L Real Prop Incremental Value o Rows 10 & 11 have been inserted to show actual changes in the grand list for FY 25 and FY 26. The decrease in FY 26 is due to a tax appeal on one property which resulted in a roughly $2 million drop in valuation. o The projected value for the YMCA project has been decreased to reflect the smaller size of the final design compared to earlier concepts. • 5O All Revenue Sources by Year – Actual Revenues for FY 23, FY 24, and FY 25 have been added to replace previous projected revenues. (FY 25 has yet to be audited and is subject to change). • 5S Related Costs – Actual related costs for FY 23 and FY 24 have been included and budgets for subsequent years have been adjusted to keep the total to the end of the district within the approved maximum of $1,848,000. • 5R Cash Flow – All of the forgoing changes filter through to the Cash Flow tab. o Audit adjustments – The previous 05-23-24 version included a downward adjustment of $43,976 to the FY 23 year-end balance in the Downtown TIF fund. This was made to reflect the difference between the amount then shown on the City’s books and the final amount determined by the state auditor’s office (SAO). Subsequently, to address the SAO’s findings, the City made various retroactive adjustments in its books resulting in changes to its year end balances in FY 21, FY 22, and FY 23. To make the financial plan spreadsheet show balances consistent with the City’s revised books a downward adjustment is shown in FY 21 and an upward adjustment in FY 23. These are a result of the Fiscal Year timing of when various adjustments were made in the City’s books. Between the two adjustments shown in the updated spreadsheet, the net adjustment is $26,727 downward, which is less than the amount in the 05-23-24 spreadsheet. o The net result of changes in the financial plan, as outlined above, is a slightly lower projected ending balance of $1,901,138 in FY 37 compared to $2,026,395 in the 05-23-24 version. Keep in mind two factors discussed earlier in this narrative which could change this. First, the net investment earnings may have a surplus which would apply to this fund. Second, new development which is not currently included in the financial projections could add materially to the Downtown TIF fund. Adjustment of Equal Share Percentage Section 715 of the adopted TIF rule requires that following incurrence of the final TIF debt a determination be made as to whether to adjust the percentages of municipal and education taxes retained. As part of VEPC’s 2024 Substantial Change decision the Council unanimously voted to: …maintain the current adjustment of equal share, which was adjusted in August 2023 by the Council, in which the City of Burlington retains educational increment of 69%. The Council reviewed the financial plan as part of the statutory requirements to review the equal share adjustment as Burlington has now incurred all the TIF district debt. [And that] …the Council review the equal share adjustment in March 2027 or an earlier time if warranted. As shown in the cash flow tab of the financial plan, the projections indicate the Downtown TIF fund is expected to have a positive fund balance throughout the remaining life of the district and have sufficient 4|Pa ge Page 51 of 126 revenue to pay its debt. However, the projected low balance of $740,000 in FY 2031 is minimal in the context of the district’s total debt. Based on the updated financial plan, the City believes VEPC’s 2024 decision remains appropriate, and no further changes should be made at this time. By March 2027 the City expects much more will be known about the outcome of the investment proceeds and the three major development projects discussed earlier. Substantial Change Requests 1) Approve use of the investment proceeds as follows: First, to pay any rebate due the IRS when the City is required to. Second to pay the $600,000 change order described above to mitigate the traffic impacts of the Main Street Great Streets project. Third, to provide the $40,000 match for the $200,000 downtown improvement grant. Fourth to pay for adding features and amenities back into the project that were deleted due to the construction bids being higher than the budget. This could include providing matching funds for any other grants that may be awarded for the Main Street Great Streets project. And fifth to pay interest on the bond. 2) Approve the updated Financial Plan and budget. Required Narrative Elements 1) Impact of the change on the overall District Plan, Finance Plan, or District Reconciliation. This Substantial Change application proposes no changes to the district plan. The changes to the financial plan are minimal, mostly reflecting actual revenue and expense updates. As discussed above, once more is known about the final outcome of investment earnings and any potential IRS rebate the investment fund could result in a further change to the financial plan. 2) Whether the change impacts the District Plan approval determinations made by the Council. As there are no material changes to the public or private projects proposed in this Substantial Change, nothing herein will impact the district plan approval determinations. 3) Whether the change is consistent with the approved local plan and a communication from the regional planning commission commenting on whether the District remains consistent with the regional plan with the change. Letters are included from the City Director of Planning and from the Chittenden County Regional Planning Commission indicating conformance with the municipal and regional plans. 4) Information and data showing the impact of the change on infrastructure costs, revenue generation and overall viability of the District. The updated financial plan and discussion of the changes provides this information. 5) A proposal and substantiation of proportionality, if the change involves a new infrastructure improvement project. Not applicable as no new infrastructure project is proposed. 5|Pa ge Page 52 of 126  Municipality: Burlington Date: 9/23/2025 Table 1 -- Years and Tax Rates Calendar Year of Updated Financial Plan 2023 First FISCAL Year in Cash Flow 2017 Tax Rates for Current FISCAL Year FY 2026 Actual FY 2025 Actual Municipal $ 0.8561 $ 0.8331 Education- Homestead $ 1.5264 $ 1.5985 Education- Non-Residential $ 1.5072 $ 1.5837 Municipal Tax Rate Inflation based on Historic Trend 2.00% Education Tax Rate Inflation based on Historic Trend 2.50% Final FY for Education Increment 2036 Final FY for Municipal Increment 2036 Page 53 of 126 Burlington 9/23/2025 Table 2 -- Municipal & Ed Property Tax Share Current Municipal Increment Share Approved by VEPC 100% Education Property Tax Share Approved by VEPC 75% Through FY 2023 Education Property Tax Share Approved by VEPC 08-31-23 69% From FY 2024 forward Page 54 of 126 Burlington 9/23/2025 Table 5I -- Infrastructure Projects P Estimated Proportionality r Fiscal Yr to Estimated Est.Total Est. Total Project Construction Infrastructure Project Name oj Project Location Start Construction Costs Contingency Est. Soft Costs Project Costs Cost in Year of PROPORTIONALITY: Level 1 PROPORTIONALITY: Level 2 PROPORTIONALITY: Level 3 Proposed e Construction (Current $) (Current $) Construction by Municipality Costs ct Percentage Percentage Applicant Municipality Other Municipality TIF Non TIF TIF Other Sources T 2022 0% 0% 0% % $ % $ % $ % $ % $ % $ y p Totals $0 $0 $0 $35,474,624 $42,347,221 $42,347,221 $0 $42,347,221 $0 $40,399,242 $1,947,979 95% e PHASE 1 COMPLETED PROJECTS Phase 1 Completed Totals: $6,872,597 $6,872,597 $6,872,597 $6,017,271 $855,326 88% TIF District 2018 inc. in total costs $335,666 100% $335,666 0% $0 100% $335,666 0% $0 100% $335,666 0% $0 78% Great Streets - Main St. Concept Design TIF District 2019 inc. in total costs $4,539,113 100% $4,539,113 0% $0 100% $4,539,113 0% $0 100% $4,539,113 0% $0 93% Great Streets - St Paul - Main to Maple TIF District 2020 inc. in total costs $613,591 100% $613,591 0% $0 100% $613,591 0% $0 81% $500,000 19% $113,591 81% Storm Water North Side Main Street/City Hall Park TIF District 2017 inc. in total costs $876,388 100% $876,388 0% $0 100% $876,388 0% $0 15% $134,653 85% $741,735 15% CSMP Garage 2014 Upgrades TIF District 2018 inc. in total costs $507,839 100% $507,839 0% $0 100% $507,839 0% $0 100% $507,839 0% $0 100% Browns Court Parking Brownfield Remediation APPROVED PROJECT UNDERWAY Phase 1 Remaining to be done: $27,347,529 $2,867,633 $5,259,462 $35,474,624 $35,474,624 $35,474,624 $35,474,624 $34,381,971 $1,092,653 97% Great Streets - Main St. TIF District 2024 $27,347,529 $2,867,633 $5,259,462 $35,474,624 $35,474,624 100% $35,474,624 0% $0 100% $35,474,624 0% $0 97% $34,381,971 3% $1,092,653 97% Page 55 of 126 Burlington 09/23/25 Table 5J -- Infrastructure Impact & Nexus Project Name Loc % Project Description Impact on TIF District Impact on Real Property Developments Reports, studies justifying project Explanation of Proportion With the original approval in 2011 and subseqeunt Every private development project in the updates, VEPC has authorized use of TIF for Burlington's downtown, whether inside or streetscape, utility upgrades, stormwater controls, outside the Downtown TIF district is directly or among other infrastructure. The Great Streets indirectly incentivized by the Great Streets 1) Main Street Bicycle Scoping Study Other than the one block of Main Street between Church projects incorporate all of these elements into a improvements. These private projects include, 2) Plan BTV WalkBike St. and St. Paul St.This project is completely within the TIF Great Street Projects - Main Street, from single initiative: streetscape including pedestrian but are not limited to the YMCA boutique hotel, CW 100% Direct Essential Major 3) Transportation Demand Management Action Plan District boundary and will directly serve the stimulated South Union St. to Battery St. improvements, bike lanes, parking realignment, 151-157 S. Champlain St., Nedde's 77-79 Pine St. 4) Burlington Street Design Guidelines projects due to the extent of distribution throughout street trees, sidewalks, landscaping and lighting as development, 121 Pine, 86 Main and CHT's 5) Integrated Water Quality Plan downtown. well as stormwater and subsurface utility upgrades, proposed development on the VFW property. reconstructions, relocations and extensions. This also Reconstruction and partial relocation of the includes reconstruction and partial relocation of the ravine sewer is essential to allow redevelopment ravine sewer. of the Gateway Block and Hood Plant property. http://greatstreetsbtv.com/ Page 56 of 126 9/23/2025 Table 5K -- Real Property Development Address or Tax Map Indentifying Project Development or Redevelopment Project Name Span # Location Zoning District Project Description Project Status Public Infrastructure Impact Information Characterization Description Market rate housing with required 15% IZ units. Residential-High 114-035-16911 / 114-035- 151-157 S. 049-1-005-000 / 049- Permits in hand for 32 unit condos, developer 151-157 South Champlain Street 16910 Champlain St. 1-004-000 Density Form working on amending and enlarging to 48 units Known Project is under construction Project dependent on public parking and supporting infrastructure on downtown streets. District 5 of rental housing. Downtown Mixed use redevelopment 20,000 of 114-035-17391 / 114-035- 234 & 236 Main 049-3-100-000 / 049- Gateway (aka "superblock") 17505 Street 3-188-000 Transition Form commercial space and 60,000 SF mixed income 2023 Conceptual Project dependent on structured parking and streetscape, utilities, and stormwater capacity in City right-of-way. District 5 housing. 189-191 & 193- Currently surface parking and vacant lot. 114-035-16946 / 114-035- 049-1-042-000 / 049- Residential-High A Duplex Zoning Permit for this South Champlain/Maple Street 16945 201 South 1-041-000 Density Concepts by owner - ground floor parking, 2024 property was granted 2/20/19 Project dependent on structured parking and streetscape, utilities, and stormwater capacity in City right-of-way. Champlain Street upper floor offices/residential. Downtown Form 121 Pine Street 114-035-17095 121 Pine Street 049-1-104-000 District 6 30,000 SF residential building Current Conceptual Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. Downtown Form 86 Main Street 114-35-17094 86 Main Street 049-1-103-000 District 6 23 housing units with ground floor office Current Conceptual Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. Downtown YMCA multi-family 114-035-17487 266 College Steet 049-3-168-000 Center (FD5) Approx. 100,000 SF multifamily developemnt Known Under contract to residential developer Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. Site under control by CHT as developer. 176 S. Winooski Downtown 18,283 SF residential, plus 20,732 SF CHT-VFW 114-035-17506 Ave. 049-3-189-000 Center (FD5) commercial Known Project designed, financed and has Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. permits. Owner plans to sell the property for Cathedral of Immaculate Downtown Form Mixed use new development of up to 600,000 redevelopment. Studies of 114-035-14870 20 Pine St. 044-2-010-000 Current Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. Conception District 6 SF development potential have been completed. Former Burlington Free Press 127 S. Winooski Downtown Form Redevelopment into mixed use residential and Purchased by developer. Developer 114-035-17454 049-3-148-007 Current Project dependent on streetscape, utilities, and stormwater capacity in City right-of-way. printing press building Ave. District 6 commerical working on redevelopment plans. Prospective Background Growth Projects dependent on public parking and supporting infrastructure on downtown streets. Post FY22 Page 57 of 126 Burlington Green rows are included in incremental revenue. Blue rows are NOT included in incremental revenue. Listed because they are still expected to occur, but timing is unknown. 9/23/2025 OTV for future projects is listed on each row at their FY26 value because their FY26 value is included in the the combined values in column I "Estimated Assessed Value After Development", rows 7, 8, 9, 10 and11. Table 5L -- Real Property Incremental Value Estimated Estimated Estimated % Estimated Estimated Estimated % of Estimated Estimated Incremental Projected Projected Projected Projected Original Estimated Year Assessed Value of New Total of Number of Increase in New Construction Incremental Incremental Value -Non- Development or Redevelopment Project Name Residential Commerical Industrial Total Dev Taxable/ of Construction After Use Code Construction - L and M Years to Value from -Non-Homestead Value - Value -Non- Homestead - 20% Dev (sf) Dev (sf) Dev (sf) (sf) Baseline Value Start Development Homestead (Should be 100%) Complete Baseline Rate Homestead Homestead Commercial (Education) Rate Factor Base Year: 2017 Totals: 699,438 200,732 - 900,170 $ 177,406,156 $ 331,712,053 $ 8,083,223 $ 137,821,786 $ 22,474,740 FY 2022 Grand List Value - $177,406,156 2021 0 $278,742,866 $101,336,710 6.71% 100.59% 107% $6,798,350 $101,937,916 $15,297,966 FY 2023 Actual Growth - 2022 0 $6,165,443 $6,165,443 6% 94% 100% $369,927 $5,795,516 $1,159,103 FY 2024 Actual Growth 2023 0 $3,879,100 $3,879,100 6% 94% 100% $232,746 $3,646,354 $729,271 FY 2025 Actual Growth 2024 0 $12,789,900 $12,789,900 6% 94% 100% $767,394 $12,022,506 $2,404,501 FY 2026 Actual Growth 2025 0 -$1,419,900 -$1,419,900 6% 94% 100% -$85,194 -$1,334,706 -$266,941 FY 2026 GL Value 151-157 South Champlain Street - completed. In Grand List values above. 2022 2 $0 RH, RN 0% 100% 100% $0 $0 $0 Gateway (aka "superblock") 125,000 120,000 245,000 $494,400 2 $40,000,000 $39,505,600 RN, C 0% 0% 0% $0 $0 $0 South Champlain/Maple Street 16,200 16,200 $611,400 1 $3,156,300 $2,544,900 RH, RN 0% 0% 0% $0 $0 $0 121 Pine Street - $2,242,300 1 $4,533,300 $2,291,000 RN 0% 0% 0% $0 $0 $0 86 Main Street - $1,134,900 2028 1 $30,000,000 $28,865,100 RN 0% 0% 0% $0 $0 $0 YMCA Redevelopment - under construction - $3,453,600 2025 2 $16,000,000 $12,546,400 RN 0% 100% 100% $0 $12,546,400 $2,509,280 CHT-VFW - under construction 18,238 20,732 38,970 $0 2024 2 $3,207,800 $3,207,800 RN, C 0% 100% 100% $0 $3,207,800 $641,560 Cathedral of Immaculate Conception 240,000 60,000 300,000 $0 2028 2 $60,000,000 $60,000,000 0% 0% 0% $0 $0 $0 Former Burlinton Free Press Print Shop - $1,914,600 0% 0% 0% $0 $0 $0 Private redevelopment of Cherry St state office building 300,000 - 300,000 $0 2028 3 $60,000,000 $60,000,000 0% 0% 0% $0 $0 $0 Page 58 of 126 Burlington The data used to populate this table is based on FISCAL years. 9/23/2025 Table 5M -- Annual TIF Revenues For actual FY 2017 through FY2025 Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Incremental Base Years: Non- Estimated Taxable Municipal Tax Homestead Increase in Incremental Incremental Value -Non- Created=Tax Rates Tax Rate(s): Tax Rate: Tax Rate: Non- Residential Development or Redevelopment Project Name FISCAL Year Value After on Tax on Value from Value - Value -Non- Homestead - Incur Debt=Start Municipal Homestead Homestead Tax on to Grand List Develop- Incremental Incremental Baseline Homestead Residential 20% Increment Incremental ment Value Value Commercial Value Factor 2023 Year 1 2017 2017 Annual Tax Rates: $0.0000 $0.0000 $0.0000 Totals: 2023 $ 517,054,809 $ 331,712,053 $ 8,083,223 $ 137,821,786 $ 22,474,740 TOTALS: $17,247,876 $1,540,239 $25,500,006 $0 $0 $0 FY 2022 Grand List Value 2021 $278,742,866 $101,336,710 $6,798,350 $101,937,916 $15,297,966 GRAND TOTAL: $44,288,121 $0 $0 $0 FY 2023 Actual Growth 2023 $6,165,443 $6,165,443 $369,927 $5,795,516 $1,159,103 CHECK $44,288,121 $0 $0 $0 FY 2024 Actual Growth 2024 $3,879,100 $3,879,100 $232,746 $3,646,354 $729,271 $0 $0 $0 FY 2025 Actual Growth 2025 $12,789,900 $12,789,900 $767,394 $12,022,506 $2,404,501 $0 $0 $0 FY 2026 Actual Growth 2026 -$1,419,900 -$1,419,900 -$85,194 -$1,334,706 -$266,941 $0 $0 $0 151-157 South Champlain Street - completed. In Grand List values above. 2025 $0 $0 $0 $0 $0 $0 $0 $0 Gateway (aka "superblock") 3 $40,000,000 $39,505,600 $0 $0 $0 $0 $0 $0 South Champlain/Maple Street 2 $3,156,300 $2,544,900 $0 $0 $0 $0 $0 $0 121 Pine Street 2 $4,533,300 $2,291,000 $0 $0 $0 $0 $0 $0 86 Main Street 2030 $30,000,000 $28,865,100 $0 $0 $0 $0 $0 $0 YMCA Redevelopment - under construction 2028 $16,000,000 $12,546,400 $0 $12,546,400 $2,509,280 $0 $0 $0 CHT-VFW - under construction 2027 $3,207,800 $3,207,800 $0 $3,207,800 $641,560 $0 $0 $0 Cathedral of Immaculate Conception 2031 $60,000,000 $60,000,000 $0 $0 $0 $0 $0 $0 Former Burlinton Free Press Print Shop 1 $0 $0 $0 $0 $0 $0 $0 $0 Private redevelopment of Cherry St state office building 2032 $60,000,000 $60,000,000 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 0 1 $0 $0 $0 $0 $0 $0 $0 $0 Page 59 of 126 FY 2017 through FY2025 see tab 5O "All Revenue Sources by Year". Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Non- Non- Non- Non- Non- Non- Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Residential Residential Residential Residential Residential Residential on Tax on on Tax on on Tax on on Tax on on Tax on on Tax on on Tax on Tax on Tax on Tax on Tax on Tax on Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Year 2 2018 Year 3 2019 Year 4 2020 Year 5 2021 Year 6 2022 Year 7 2023 Year 8 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.0000 $0.7085 $1.3891 $1.4041 $0.7528 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 n/a n/a n/a n/a $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 n/a n/a n/a n/a $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 n/a $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page 60 of 126  Green rows are included in incremental revenue. Blue rows are NOT included in incremental revenue. Listed because they are still expected to occur, but timing is unknown. For actual FY 2017 through FY2025 see tab 5O "All Revenue Sources by Year". Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Non- Estimated Non- Non- Non- Non- Non- Homestead Homestead Municipal Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Residential Municipal Tax Residential Residential Residential Residential Residential Tax on Tax on Tax on Tax on on Tax on on Tax on on Tax on on Tax on Tax on on Incremental Tax on Tax on Tax on Tax on Tax on Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Value Incremental Incremental Incremental Incremental Incremental Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value 2024 Year 9 2025 Year 10 2026 Year 11 2027 Year 12 2028 Year 13 2029 Year 14 2030 $1.4485 $1.4591 $0.8331 $1.5985 $1.5837 $0.8561 $1.5264 $1.5072 $0.8732 $1.5646 $1.5449 $0.8907 $1.6037 $1.5835 $0.9085 $1.6438 $1.6231 $0.9267 $1.6849 $0 $0 $0 $0 $0 $1,279,653 $123,382 $1,839,803 $1,338,860 $126,467 $1,935,354 $1,499,736 $129,629 $2,182,411 $1,529,730 $132,869 $2,236,971 $1,560,325 $136,191 n/a n/a n/a n/a n/a $1,061,857 $103,770 $1,536,408 $1,083,094 $106,364 $1,574,818 $1,104,756 $109,023 $1,614,189 $1,126,851 $111,749 $1,654,544 $1,149,388 $114,543 n/a n/a n/a n/a n/a $62,705 $5,647 $87,350 $63,960 $5,788 $89,534 $65,239 $5,932 $91,772 $66,544 $6,081 $94,066 $67,874 $6,233 n/a n/a n/a n/a n/a $39,452 $3,553 $54,958 $40,241 $3,641 $56,332 $41,046 $3,732 $57,740 $41,867 $3,826 $59,184 $42,704 $3,921 $0 $0 n/a n/a n/a $130,079 $11,714 $181,203 $132,681 $12,006 $185,733 $135,334 $12,306 $190,377 $138,041 $12,614 $195,136 $140,802 $12,930 $0 $0 n/a n/a n/a -$14,441 -$1,300 -$20,117 -$14,730 -$1,333 -$20,620 -$15,024 -$1,366 -$21,135 -$15,325 -$1,400 -$21,663 -$15,631 -$1,435 $0 $0 n/a n/a n/a $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $134,099 $0 $198,672 $136,781 $0 $203,639 $139,516 $0 $0 $0 $0 $0 $0 $0 $0 $0 $33,613 $0 $49,557 $34,286 $0 $50,796 $34,971 $0 $52,065 $35,671 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page 61 of 126  Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Non- Non- Non- Non- Non- Non- Non- Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Municipal Tax Homestead Residential Residential Residential Residential Residential Residential Residential on Tax on on Tax on on Tax on on Tax on on Tax on on Tax on Tax on Tax on Tax on Tax on Tax on Tax on Tax on Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Incremental Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Value Year 15 2031 Year 16 2032 Year 17 2033 Year 18 2034 Year 19 2035 Year 20 2036 $1.6637 $0.9452 $1.7270 $1.7053 $0.9641 $1.7702 $1.7479 $0.9834 $1.8144 $1.7916 $1.0031 $1.8598 $1.8364 $1.0231 $1.9063 $1.8823 $1.0436 $1.9539 $1.9293 $2,292,895 $1,591,531 $139,596 $2,350,218 $1,623,362 $143,086 $2,408,973 $1,655,829 $146,663 $2,469,197 $1,688,946 $150,329 $2,530,927 $1,722,725 $154,088 $2,594,201 $1,757,179 $157,940 $2,659,056 $1,695,907 $1,172,376 $117,406 $1,738,305 $1,195,824 $120,341 $1,781,763 $1,219,740 $123,350 $1,826,307 $1,244,135 $126,434 $1,871,964 $1,269,017 $129,595 $1,918,763 $1,294,398 $132,834 $1,966,732 $96,418 $69,232 $6,389 $98,829 $70,617 $6,548 $101,299 $72,029 $6,712 $103,832 $73,469 $6,880 $106,428 $74,939 $7,052 $109,088 $76,438 $7,228 $111,815 $60,663 $43,558 $4,019 $62,180 $44,430 $4,120 $63,734 $45,318 $4,223 $65,328 $46,225 $4,329 $66,961 $47,149 $4,437 $68,635 $48,092 $4,548 $70,351 $200,014 $143,618 $13,253 $205,015 $146,490 $13,584 $210,140 $149,420 $13,924 $215,394 $152,409 $14,272 $220,779 $155,457 $14,629 $226,298 $158,566 $14,994 $231,955 -$22,205 -$15,944 -$1,471 -$22,760 -$16,263 -$1,508 -$23,329 -$16,588 -$1,546 -$23,912 -$16,920 -$1,584 -$24,510 -$17,258 -$1,624 -$25,123 -$17,604 -$1,665 -$25,751 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $208,730 $142,307 $0 $213,949 $145,153 $0 $219,297 $148,056 $0 $224,780 $151,017 $0 $230,399 $154,037 $0 $236,159 $157,118 $0 $242,063 $53,367 $36,384 $0 $54,701 $37,112 $0 $56,069 $37,854 $0 $57,471 $38,611 $0 $58,907 $39,384 $0 $60,380 $40,171 $0 $61,889 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page 62 of 126 Burlington 9/23/25 For actual FY 2017 through FY2025 see tab 5O "All Revenue Sources by Year". Table 5N -- Projected TIF Rev & Share INCREASED REDUCED Annual Annual Annual Total Projected Municipal Education Education Education Total Municpal Municipal Education Estimated Estimated Estimated Non- Property Tax portion to the portion to portion to portion to TIF and Education Year portion to TIF portion to TIF Municipal Homestead Homestead Increment Municipal Education Fund Education Fund debt thru FY Revenue to TIF debt debt from FY Increment Increment Increment Generated General Fund Thru FY 2023 From FY 2024 2023 Debt 2024 forward forward BASE YEAR: 2017 SPLIT PERCENTAGES: 0% 100% 25% 31% 75% 69% TOTALS: $17,247,876 $1,540,239 $25,500,006 $44,288,121 $0 $17,247,876 $0 $8,382,476 $0 $18,657,769 $35,905,645 CHECK $17,247,876 $1,540,239 $25,500,006 $44,288,121 $0 $17,247,876 $35,905,645 2017 $0 $0 $0 $0 $0 $0 $0 $0 $0 2018 $0 $0 $0 $0 $0 $0 $0 $0 $0 2019 $0 $0 $0 $0 $0 $0 $0 $0 $0 2020 $0 $0 $0 $0 $0 $0 $0 $0 $0 2021 $0 $0 $0 $0 $0 $0 $0 $0 $0 2022 $0 $0 $0 $0 $0 $0 $0 $0 $0 2023 $0 $0 $0 $0 $0 $0 $0 $0 $0 2024 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 2025 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 2026 $1,279,653 $123,382 $1,839,803 $3,242,838 $0 $1,279,653 $0 $608,587 $0 $1,354,598 $2,634,251 2027 $1,338,860 $126,467 $1,935,354 $3,400,681 $0 $1,338,860 $0 $639,165 $0 $1,422,657 $2,761,516 2028 $1,499,736 $129,629 $2,182,411 $3,811,775 $0 $1,499,736 $0 $716,732 $0 $1,595,307 $3,095,043 2029 $1,529,730 $132,869 $2,236,971 $3,899,571 $0 $1,529,730 $0 $734,650 $0 $1,635,190 $3,164,920 2030 $1,560,325 $136,191 $2,292,895 $3,989,411 $0 $1,560,325 $0 $753,017 $0 $1,676,070 $3,236,394 2031 $1,591,531 $139,596 $2,350,218 $4,081,345 $0 $1,591,531 $0 $771,842 $0 $1,717,971 $3,309,503 2032 $1,623,362 $143,086 $2,408,973 $4,175,421 $0 $1,623,362 $0 $791,138 $0 $1,760,921 $3,384,283 2033 $1,655,829 $146,663 $2,469,197 $4,271,690 $0 $1,655,829 $0 $810,917 $0 $1,804,944 $3,460,773 2034 $1,688,946 $150,329 $2,530,927 $4,370,203 $0 $1,688,946 $0 $831,190 $0 $1,850,067 $3,539,013 2035 $1,722,725 $154,088 $2,594,201 $4,471,013 $0 $1,722,725 $0 $851,969 $0 $1,896,319 $3,619,044 2036 $1,757,179 $157,940 $2,659,056 $4,574,175 $0 $1,757,179 $0 $873,269 $0 $1,943,727 $3,700,906 2037 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page 63 of 126 Burlington 9/23/2025 Table 5O -- All Rev Sources By Year Annual TIF Annual TIF Other Year Increment: Increment: Grant Amount Other Revenue Information Revenue Total Revenue Municipal Education Amount Totals: $22,876,777 $26,455,736 $0 $4,160,000 $53,492,513 2017 :Base Year Any Years Prior to Increment: $0 2017 $174,481 $342,977 Total Actual TIF Revenue FY 2017 $517,458 2018 $238,757 $490,686 Total Actual TIF Revenue FY 2018 $729,443 2019 $261,984 $534,832 Total Actual TIF Revenue FY 2019 $796,816 2020 $422,214 $670,526 Total Actual TIF Revenue FY 2020 $1,092,740 2021 $481,449 $752,295 Total Actual TIF Revenue FY 2021 $1,233,744 2022 $834,564 $1,244,399 Total Actual TIF Revenue FY 2022 Champlain College Development Fee $260,000 $2,338,963 2023 $955,080 $1,209,240 Total Actual TIF Revenue FY 2023 Champlain College Development Fee $260,000 $2,424,320 2024 $1,044,334 $1,195,353 Total Actual TIF Revenue FY 2024 Champlain College Development Fee $260,000 $2,499,687 2025 $1,216,038 $1,357,659 Total Actual TIF Revenue FY 2025 $0 Champlain College Development Fee $260,000 $2,833,697 2026 $1,279,653 $1,354,598 $0 Champlain College Development Fee $260,000 $2,894,251 2027 $1,338,860 $1,422,657 $0 Champlain College Development Fee $260,000 $3,021,516 2028 $1,499,736 $1,595,307 $0 Champlain College Development Fee $260,000 $3,355,043 2029 $1,529,730 $1,635,190 $0 Champlain College Development Fee $260,000 $3,424,920 2030 $1,560,325 $1,676,070 $0 Champlain College Development Fee $260,000 $3,496,394 2031 $1,591,531 $1,717,971 $0 Champlain College Development Fee $260,000 $3,569,503 2032 $1,623,362 $1,760,921 $0 Champlain College Development Fee $260,000 $3,644,283 2033 $1,655,829 $1,804,944 $0 Champlain College Development Fee $260,000 $3,720,773 2034 $1,688,946 $1,850,067 $0 Champlain College Development Fee $260,000 $3,799,013 2035 $1,722,725 $1,896,319 $0 Champlain College Development Fee $260,000 $3,879,044 2036 $1,757,179 $1,943,727 $0 Champlain College Development Fee $260,000 $3,960,906 2037 $0 $0 $0 Champlain College Development Fee $260,000 $260,000 Page 64 of 126 Burlington 9/23/2025 Table 5R -- Cash Flow Total TIF Net Total Annual Cummulative Revenue Other Annual Series 2017D Series 2018D Interfund Series 2022B Total Debt Adjustment Remaing Debt Fiscal Year Available Related Costs Surplus Surplus (from Revenue Bond Bond Loan 2018 Bond Service Per 1/12/24 Balance Revenue (Deficit) (Deficit) Increment) State Audit 2017 :Base Year $3,400,000 $1,570,000 $250,000 $30,120,000 ($1,848,000) Begining $0 $0 Balance: 2017 $517,458 $0 $517,458 $0 $0 $0 $0 $0 ($243,259) $274,199 $274,199 $0 2018 $729,443 $0 $729,443 ($55,202) $0 $0 $0 ($55,202) ($28,932) $645,309 $919,508 $3,400,000 2019 $796,816 $0 $796,816 ($280,400) ($33,363) ($25,000) $0 ($338,763) ($49,565) $408,489 $1,327,997 $5,065,000 2020 $1,092,740 $0 $1,092,740 ($282,750) ($137,000) ($50,000) $0 ($469,750) ($26,237) $596,753 $1,924,750 $4,820,000 2021 $1,233,744 $0 $1,233,744 ($284,300) ($138,875) ($50,000) $0 ($473,175) ($41,807) $718,762 ($160,474) $2,483,038 $4,565,000 2022 $2,078,963 $260,000 $2,338,963 ($285,025) ($135,625) ($50,000) $0 ($470,650) ($128,734) $1,739,579 $4,222,617 $4,305,000 2023 $2,164,320 $260,000 $2,424,320 ($284,850) ($137,250) ($50,000) ($1,008,183) ($1,480,283) ($198,271) $745,766 $133,747 $5,102,129 $34,155,000 2024 $2,239,687 $260,000 $2,499,687 ($283,750) ($138,625) ($25,000) ($3,148,875) ($3,596,250) ($298,854) ($1,395,417) $3,706,712 $32,215,000 2025 $2,573,697 $260,000 $2,833,697 ($282,450) ($134,875) $0 ($3,152,375) ($3,569,700) ($155,652) ($891,655) $2,815,057 $30,205,000 2026 $2,634,251 $260,000 $2,894,251 ($280,125) ($136,000) $0 ($3,151,375) ($3,567,500) ($108,959) ($782,208) $2,032,849 $28,095,000 2027 $2,761,516 $260,000 $3,021,516 ($281,625) ($136,875) $0 ($3,150,750) ($3,569,250) ($43,118) ($590,852) $1,441,997 $25,875,000 2028 $3,095,043 $260,000 $3,355,043 ($282,625) ($137,500) $0 ($3,150,250) ($3,570,375) ($43,281) ($258,613) $1,183,384 $23,540,000 2029 $3,164,920 $260,000 $3,424,920 ($283,125) ($137,875) $0 ($3,149,625) ($3,570,625) ($43,446) ($189,151) $994,233 $21,085,000 2030 $3,236,394 $260,000 $3,496,394 ($283,125) ($138,000) $0 ($3,148,625) ($3,569,750) ($43,615) ($116,971) $877,262 $18,505,000 2031 $3,309,503 $260,000 $3,569,503 ($282,625) ($137,875) $0 ($3,151,875) ($3,572,375) ($133,787) ($136,659) $740,603 $15,790,000 2032 $3,384,283 $260,000 $3,644,283 ($281,625) ($137,500) $0 ($3,149,125) ($3,568,250) ($33,963) $42,070 $782,672 $12,940,000 2033 $3,460,773 $260,000 $3,720,773 ($280,125) ($136,875) $0 ($3,150,125) ($3,567,125) ($28,089) $125,559 $908,231 $9,945,000 2034 $3,539,013 $260,000 $3,799,013 ($283,000) ($136,000) $0 ($3,149,500) ($3,568,500) ($24,325) $206,188 $1,114,419 $6,795,000 2035 $3,619,044 $260,000 $3,879,044 ($280,250) ($134,875) $0 ($3,151,875) ($3,567,000) ($24,512) $287,532 $1,401,951 $3,485,000 2036 $3,700,906 $260,000 $3,960,906 ($281,875) ($138,375) $0 ($3,151,875) ($3,572,125) ($24,702) $364,079 $1,766,030 $0 2037 $0 $260,000 $260,000 $0 $0 $0 $0 $0 ($124,892) $135,108 $1,901,138 $0 Page 65 of 126 Burlington 9/23/2025 Table 5S -- Related Costs Year Related Cost Name Related Cost Description Related Cost Amount Total: $ 1,848,000 2017 Actual: $ 243,259 2018 Actual: $ 28,932 2019 Actual: $ 49,565 2020 Actual: $ 26,237 2021 Actual: $ 41,807 2022 Actual: $ 128,734 2023 Actual: $ 198,271 $ - 2024 Actual: $ 298,854 DPW Staff Time City staff time to manage TIF infrastructure projects $ 70,000 CEDO Staff Time City Staff Time to implement TIF $ 17,636 Admin Staff Time City Staff Time to administer TIF $ - Professional/Consulting Sevices $ 85,165 State Audit $ 126,053 2025 Budget: $ 155,652 DPW Staff Time City staff time to manage TIF infrastructure projects $ 70,000 CEDO Staff Time City Staff Time to implement TIF $ 16,364 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 15,000 Marcum Downtown TIF portion of annual city audit $ 7,803 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ 24,485 Legal Legal costs associated with TIF district administration, projects, etc. $ 10,000 Other Misc. other costs $ 2,000 State Audit Fee charged by State Auditor's office $ - 2026 Budget: $ 108,959 DPW Staff Time City staff time to manage TIF infrastructure projects $ 60,000 CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 5,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 14,000 Marcum Downtown TIF portion of annual city audit $ 7,959 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ 5,000 Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ 2,000 State Audit Fee charged by State Auditor's office $ - Page 66 of 126 2027 Budget: $ 43,118 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 10,000 Marcum Downtown TIF portion of annual city audit $ 8,118 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2028 Budget: $ 43,281 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 10,000 Marcum Downtown TIF portion of annual city audit $ 8,281 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2029 Budget: $ 43,446 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 10,000 Marcum Downtown TIF portion of annual city audit $ 8,446 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2030 Budget: $ 43,615 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ 10,000 Marcum Downtown TIF portion of annual city audit $ 8,615 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2031 Budget: $ 133,787 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 8,787 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - Page 67 of 126  State Audit Fee charged by State Auditor's office $ 100,000 2032 Budget: $ 33,963 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 10,000 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 8,963 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2033 Budget: $ 28,089 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ 3,947 Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 9,142 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2034 Budget: $ 24,325 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ - Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 9,325 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2035 Budget: $ 24,512 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ - Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 9,512 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2036 Budget: $ 24,702 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ - Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 9,702 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Page 68 of 126  Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ - 2037 Budget: $ 124,892 DPW Staff Time City staff time to manage TIF infrastructure projects $ - CEDO Staff Time City Staff Time to implement TIF $ - Admin Staff Time City Staff Time to administer TIF $ 10,000 Municap Provide adminstrative and accounting expertise for TIF districts $ - Marcum Downtown TIF portion of annual city audit $ 9,892 White + Burke Consulting for VEPC filings, financial modeling, developer negotiations $ - Legal Legal costs associated with TIF district administration, projects, etc. $ 5,000 Other Misc. other costs $ - State Audit Fee charged by State Auditor's office $ 100,000 Page 69 of 126 Burlington TIF Bond 2017D Total $3,400,000 Loan Debt FY Loan Debt Year Date Loan Principal Loan Yield Interest Fiscal Year Principal Balance Service Service 1 5/1/2018 $55,201.94 $55,201.94 2018 $55,201.94 $3,400,000 11/1/2018 $ 130,000 2.000% $75,850.00 $205,850.00 2 5/1/2019 $ - $74,550.00 $74,550.00 2019 $280,400.00 $3,270,000 11/1/2019 $ 135,000 2.000% $74,550.00 $209,550.00 3 5/1/2020 $73,200.00 $73,200.00 2020 $282,750.00 $3,135,000 11/1/2020 $ 140,000 3.000% $73,200.00 $213,200.00 3 5/1/2021 $71,100.00 $71,100.00 2021 $284,300.00 $2,995,000 11/1/2021 $ 145,000 3.000% $71,100.00 $216,100.00 4 5/1/2022 $68,925.00 $68,925.00 2022 $285,025.00 $2,850,000 11/1/2022 $ 150,000 4.000% $68,925.00 $218,925.00 5 5/1/2023 $65,925.00 $65,925.00 2023 $284,850.00 $2,700,000 11/1/2023 $ 155,000 4.000% $65,925.00 $220,925.00 6 5/1/2024 $62,825.00 $62,825.00 2024 $283,750.00 $2,545,000 11/1/2024 $ 160,000 4.000% $62,825.00 $222,825.00 7 5/1/2025 $59,625.00 $59,625.00 2025 $282,450.00 $2,385,000 11/1/2025 $ 165,000 5.000% $59,625.00 $224,625.00 8 5/1/2026 $55,500.00 $55,500.00 2026 $280,125.00 $2,220,000 11/1/2026 $ 175,000 5.000% $55,500.00 $230,500.00 9 5/1/2027 $ - $51,125.00 $51,125.00 2027 $281,625.00 $2,045,000 11/1/2027 $ 185,000 5.000% $51,125.00 $236,125.00 10 5/1/2028 $46,500.00 $46,500.00 2028 $282,625.00 $1,860,000 11/1/2028 $ 195,000 5.000% $46,500.00 $241,500.00 11 5/1/2029 $41,625.00 $41,625.00 2029 $283,125.00 $1,665,000 11/1/2029 $ 205,000 5.000% $41,625.00 $246,625.00 12 5/1/2030 $36,500.00 $36,500.00 2030 $283,125.00 $1,460,000 11/1/2030 $ 215,000 5.000% $36,500.00 $251,500.00 13 5/1/2031 $31,125.00 $31,125.00 2031 $282,625.00 $1,245,000 11/1/2031 $ 225,000 5.000% $31,125.00 $256,125.00 14 5/1/2032 $25,500.00 $25,500.00 2032 $281,625.00 $1,020,000 11/1/2032 $ 235,000 5.000% $25,500.00 $260,500.00 15 5/1/2033 $19,625.00 $19,625.00 2033 $280,125.00 $785,000 11/1/2033 $ 250,000 5.000% $19,625.00 $269,625.00 16 5/1/2034 $13,375.00 $13,375.00 2034 $283,000.00 $535,000 11/1/2034 $ 260,000 5.000% $13,375.00 $273,375.00 17 5/1/2035 $6,875.00 $6,875.00 2035 $280,250.00 $275,000 11/1/2035 $ 275,000 5.000% $6,875.00 $281,875.00 18 5/1/2036 $0.00 $0.00 2036 $281,875.00 $0 $ 3,400,000 $ 1,738,852 $ 5,138,852 $ 5,138,852 Page 70 of 126 Burlington TIF Bond 2018D Total $1,570,000 Loan Debt FY Loan Debt Principal Year Date Loan Principal Loan Yield Interest Fiscal Year Service Service Balance 1 5/1/2019 $33,362.50 $33,362.50 2019 $33,362.50 $1,570,000 11/1/2019 $ 60,000 5.000% $39,250.00 $99,250.00 2 5/1/2020 $ - $37,750.00 $37,750.00 2020 $137,000.00 $1,510,000 11/1/2020 $ 65,000 5.000% $37,750.00 $102,750.00 3 5/1/2021 $36,125.00 $36,125.00 2021 $138,875.00 $1,445,000 11/1/2021 $ 65,000 5.000% $36,125.00 $101,125.00 3 5/1/2022 $34,500.00 $34,500.00 2022 $135,625.00 $1,380,000 11/1/2022 $ 70,000 5.000% $34,500.00 $104,500.00 4 5/1/2023 $32,750.00 $32,750.00 2023 $137,250.00 $1,310,000 11/1/2023 $ 75,000 5.000% $32,750.00 $107,750.00 5 5/1/2024 $30,875.00 $30,875.00 2024 $138,625.00 $1,235,000 11/1/2024 $ 75,000 5.000% $30,875.00 $105,875.00 6 5/1/2025 $29,000.00 $29,000.00 2025 $134,875.00 $1,160,000 11/1/2025 $ 80,000 5.000% $29,000.00 $109,000.00 7 5/1/2026 $27,000.00 $27,000.00 2026 $136,000.00 $1,080,000 11/1/2026 $ 85,000 5.000% $27,000.00 $112,000.00 8 5/1/2027 $24,875.00 $24,875.00 2027 $136,875.00 $995,000 11/1/2027 $ 90,000 5.000% $24,875.00 $114,875.00 9 5/1/2028 $ - $22,625.00 $22,625.00 2028 $137,500.00 $905,000 11/1/2028 $ 95,000 5.000% $22,625.00 $117,625.00 10 5/1/2029 $20,250.00 $20,250.00 2029 $137,875.00 $810,000 11/1/2029 $ 100,000 5.000% $20,250.00 $120,250.00 11 5/1/2030 $17,750.00 $17,750.00 2030 $138,000.00 $710,000 11/1/2030 $ 105,000 5.000% $17,750.00 $122,750.00 12 5/1/2031 $15,125.00 $15,125.00 2031 $137,875.00 $605,000 11/1/2031 $ 110,000 5.000% $15,125.00 $125,125.00 13 5/1/2032 $12,375.00 $12,375.00 2032 $137,500.00 $495,000 11/1/2032 $ 115,000 5.000% $12,375.00 $127,375.00 14 5/1/2033 $9,500.00 $9,500.00 2033 $136,875.00 $380,000 11/1/2033 $ 120,000 5.000% $9,500.00 $129,500.00 15 5/1/2034 $6,500.00 $6,500.00 2034 $136,000.00 $260,000 11/1/2034 $ 125,000 5.000% $6,500.00 $131,500.00 16 5/1/2035 $3,375.00 $3,375.00 2035 $134,875.00 $135,000 11/1/2035 $ 135,000 5.000% $3,375.00 $138,375.00 17 5/1/2036 $0.00 $0.00 2036 $138,375.00 $0 $ 1,570,000 $ 793,363 $ 2,363,363 Page 71 of 126 Burlington - Dowtown TIF District Interfund Loan Closing Date 10/15/18 Loan Amount $250,000 Loan Term 5 Years Interest Rate 0.00% Quaterly Fiscal Year Outstanding Payment Dates Fiscal Year Payment Payment Balance 01/15/19 $12,500 $237,500 04/15/19 2019 $12,500 $25,000 $225,000 07/15/19 $12,500 $212,500 10/15/19 $12,500 $200,000 01/15/20 $12,500 $187,500 04/15/20 2020 $12,500 $50,000 $175,000 07/15/20 $12,500 $162,500 10/15/20 $12,500 $150,000 01/15/21 $12,500 $137,500 04/15/21 2021 $12,500 $50,000 $125,000 07/15/21 $12,500 $112,500 10/15/21 $12,500 $100,000 01/15/22 $12,500 $87,500 04/15/22 2022 $12,500 $50,000 $75,000 07/15/22 $12,500 $62,500 10/15/22 $12,500 $50,000 01/15/23 $12,500 $37,500 04/15/23 2023 $12,500 $50,000 $25,000 07/15/23 $12,500 $12,500 10/15/23 $12,500 $0 2024 $25,000 Page 72 of 126 Burlington TIF Bond Series 2022B Total $30,120,000 Loan Debt FY Loan Debt Year Date Loan Principal Coupon Interest Fiscal Year Principal Balance Service Service $30,120,000 1 11/1/2022 $255,183.33 $255,183.33 5/1/2023 5.000% $753,000.00 $753,000.00 2023 $1,008,183.33 $30,120,000 2 11/1/2023 $ 1,685,000 $753,000.00 $2,438,000.00 5/1/2024 5.000% $710,875.00 $710,875.00 2024 $3,148,875.00 $28,435,000 3 11/1/2024 $ 1,775,000 $710,875.00 $2,485,875.00 5/1/2025 5.000% $666,500.00 $666,500.00 2025 $3,152,375.00 $26,660,000 3 11/1/2025 $ 1,865,000 $666,500.00 $2,531,500.00 5/1/2026 5.000% $619,875.00 $619,875.00 2026 $3,151,375.00 $24,795,000 4 11/1/2026 $ 1,960,000 $619,875.00 $2,579,875.00 5/1/2027 5.000% $570,875.00 $570,875.00 2027 $3,150,750.00 $22,835,000 5 11/1/2027 $ 2,060,000 $570,875.00 $2,630,875.00 5/1/2028 5.000% $519,375.00 $519,375.00 2028 $3,150,250.00 $20,775,000 6 11/1/2028 $ 2,165,000 $519,375.00 $2,684,375.00 5/1/2029 5.000% $465,250.00 $465,250.00 2029 $3,149,625.00 $18,610,000 7 11/1/2029 $ 2,275,000 $465,250.00 $2,740,250.00 5/1/2030 5.000% $408,375.00 $408,375.00 2030 $3,148,625.00 $16,335,000 8 11/1/2030 $ 2,395,000 $408,375.00 $2,803,375.00 5/1/2031 5.000% $348,500.00 $348,500.00 2031 $3,151,875.00 $13,940,000 9 11/1/2031 $ 2,515,000 $348,500.00 $2,863,500.00 5/1/2032 5.000% $285,625.00 $285,625.00 2032 $3,149,125.00 $11,425,000 10 11/1/2032 $ 2,645,000 $285,625.00 $2,930,625.00 5/1/2033 5.000% $219,500.00 $219,500.00 2033 $3,150,125.00 $8,780,000 11 11/1/2033 $ 2,780,000 $219,500.00 $2,999,500.00 5/1/2034 5.000% $150,000.00 $150,000.00 2034 $3,149,500.00 $6,000,000 12 11/1/2034 $ 2,925,000 $150,000.00 $3,075,000.00 5/1/2035 5.000% $76,875.00 $76,875.00 2035 $3,151,875.00 $3,075,000 13 11/1/2035 $ 3,075,000 $76,875.00 $3,151,875.00 2036 $3,151,875.00 $0 $ 30,120,000 $ 11,844,433 $ 41,964,433 $ 41,964,433 Page 73 of 126  Burlington City Council October 6, 2025 Jessica Hartleben, Executive Director Vermont Economic Progress Council National Life Building, 6th Floor, One National Life Drive Montpelier, VT 05620-501 Re: Substantial Change Request Submission: Downtown Tax Increment Financing District Reconciliation Plan Dear Ms. Hartleben, Please accept this letter as formal submission to the Vermont Economic Progress Council (VEPC) from the City of Burlington (City) of a Section 1003.3 of Rule 15-P04 Substantial Change request to the Downtown Tax Increment Financing District’s approved TIF District Plan and TIF District Financing Plan. This request is being made after the duly warned public hearing and City Council review and approval of said request (with narrative and attachments) at the scheduled October 6, 2025 Burlington City Council meeting. This letter is supported by the included narrative with attachments. Ben Traverse Katherine Schad Burlington City Council President Chief Administrative Officer City of Burlington City of Burlington Page 74 of 126  Board of Finance and City Council Submission Checklist Version: April 2025 Department: CEDO Submitter: Kara Alnasrawi Title/Subject: Dowtown TIF Substantial Change Request Approval Requested: Meeting Date: ☒ Board of Finance 9/29/2025 ☒ City Council 10/6/2025 ☐ 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 9/23/2025 Kara Alnasrawi Mayor’s Office Yes 9/24/2025 Erin Jacobsen 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 Click or tap to Click or tap here to enter text. contracts or legal documents enter a date. City Attorney’s Office for memo and Yes 9/24/2025 Erik Ramakrishnan motion(s) or resolution(s) CAO for budget, financing, and memo Yes 9/23/2025 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 75 of 126  OFFICE OF THE CLERK/TREASURER City of Burlington ________________________________________ City Hall, Room 20, 149 Church Street, Burlington, VT 05401 Voice (802) 865-7000; Fax (802) 865-7014; Deaf/Hard of Hearing 711 Date: September 29 & October 6, 2025 To: Board of Finance & City Council From: Ashley Parker, Capital Program Director Cc: Katherine Schad, Chief Administrative Officer Erin Jacobsen, Chief of Staff Kara Alnasrawi, CEDO Director Joseph Turner, City Assessor Stephen Donahue, Senior Accountant Subject: Downtown Tax Increment Financing District Audit – Authorization for State Education Fund Payment Background: The State of Vermont Auditors Office (SAO) recently conducted an audit of the City’s Downtown (DWTN) Tax Increment Financing (TIF) District. The DWTN TIF District audit looked at fiscal years 2012 to 2023. One of the findings for this audit was that the City had underpaid the State Education Fund. Here are the details associated with this finding: DWTN TIF District: • Due to the omission of parcels from the Original Taxable Value (OTV), the SAO asserts that the City underpaid the State Education Fund and owes $95,363. • The SAO asserts that payment should be made from the City’s DWTN TIF Fund (Fund 236). City Response: The SAO released its final Audit Report of for the DWTN TIF District on January 12, 2024. For more than a year, the City’s response to the SAO and to the Vermont Economic Progress Council (VEPC) was that it was challenging the Education Fund payment issue in tandem with a similar recommendation from the SAO related to an Education Fund payment stemming from the Waterfront (WTF) TIF District Audit. The City recently acknowledged it would make this payment on behalf of the WTF TIF District, and is now working to make the payment for the DWTN TIF District. The City received a bill from the State Treasurer’s Office in September 2025 in the amount of $95,363. It is important the City make a timely payment to the Education Fund. Page 76 of 126  o The City will repay the State Ed Fund $95,363 from the DWTN TIF Fund (Fund 236) to resolve the underpayment issues noted in the State’s DWTN TIF District Audit. This payment will not significantly impact the amount of funds available in the DWTN TIF Fund to service the City’s DWTN TIF debt. Motions – Board of Finance: 1. To approve and recommend that the City Council authorize the Chief Administrative Officer to take all such action, and to execute all such instruments approved as to form by the City Attorney, as may be necessary or convenient to ensure the repayment of the State Education Fund in the total amount of $95,363 from the DWTN TIF Fund (Fund 236), to resolve the underpayment issues noted in the State’s DWTN TIF District Audit. City Council: 1. To authorize the Chief Administrative Officer to take all such action, and to execute all such instruments approved as to form by the City Attorney, as may be necessary or convenient to ensure the repayment of the State Education Fund in the total amount of $95,363 from the DWTN TIF Fund (Fund 236), to resolve the underpayment issues noted in the State’s DWTN TIF District Audit. Page 77 of 126  Board of Finance and City Council Submission Checklist Version: April 2025 Department: CT Office Submitter: Ashley Parker Title/Subject: DWTN TIF State Education Fund Payment – Re: SAO Recommendation Approval Requested: Meeting Date: ☒ Board of Finance 9/29/2025 ☒ City Council 10/6/2025 ☐ 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 9/23/2025 Katherine Schad Mayor’s Office Yes 9/24/2025 Erin Jacobsen Board/Commission N/A Click or tap to Click or tap here to enter text. enter a date. City Attorney’s Office for memo and N/A Click or tap to Click or tap here to enter text. contracts or legal documents enter a date. City Attorney’s Office for memo and Yes 9/19/2025 Erik Ramakrishnan motion(s) or resolution(s) CAO for budget, financing, and memo Yes 9/23/2025 Katherine Schad Human Resources, if personnel action N/A Click or tap to Click or tap here to enter text. or policy enter a date. CIO, if IT-related N/A Click or tap to Click or tap here to enter text. enter a date. Page 78 of 126  Department of Finance and Administration City of Burlington ________________________________________ City Hall, 149 Church Street, Burlington, VT 05401 Voice (802) 865-7000 Fax (802) 865-7014 To: Board of Finance From: Bradley Kukenberger, Director of Finance Date: September 29, 2025 Subject: Projected Unaudited FY25 General Fund Results Overview This memo provides the Board of Finance with projected, unaudited FY25 year-end results for the City’s General Fund. These results reflect year-to-date transactions through June 30, 2025, with estimates for year-end close. They remain subject to final reconciliation and audit adjustments. While we have taken a conservative approach in this analysis, the trends observed throughout FY25 have largely held true. The City experienced under performance in some key revenue areas—notably sales and property tax equivalents— offset by over performance in other categories such as grants, investments, and PILOT revenues. On the expenditure side, savings in personnel and operating costs helped balance the overall financial picture. Taken together, I expect these dynamics will allow the City to close the fiscal year with a small General Fund surplus, with potential upside for a greater surplus, providing reassurance that Burlington’s fiscal position remains stable despite uneven performance across categories. Revenues  Amended Budget: $108.7M  Estimated FY25 Revenues: $102.4M  Variance: -$6.3M (94.2% of budget collected)  Comparison to FY24 Actuals: +$6.5M (+6.7%) Highlights:  Sales Tax Equivalents (ie. Gross Receipts) underperformed expectations, with collections down ~19% vs. budget, reflecting a 4.2% reduction in gross sales (see attached chart).  The City benefited from additional grant funding and higher-than-expected investment income.  Property tax collections are on track to hit standard historic collection levels (95-98%), though final numbers may adjust during the audit. Expenditures  Amended Budget: $108.6M  Estimated FY25 Expenditures: $102.3M  Variance: +$6.2M (94.3% of budget expended)  Comparison to FY24 Actuals: +$4.3M (+4.4%) Page 79 of 126 Highlights:  Personnel expenses aligned with recent history (5% vacancy savings City-wide), with the primary areas of vacancy savings in BPD and DPW.  General Operating costs came in below budget, with small savings across multiple departments accumulating to 12% citywide.  Debt Service, Regional Programs, and Interfund transfers finished close to budget as expected.  Capital Equipment was slightly over budget due to fiscal year timing. Net Position  Projected Revenues: $102,381,370.81  Projected Expenditures: $102,338,211.89  Estimated Surplus: $43,158.92 The General Fund is projected to close FY25 in balance, with a modest surplus. Next Steps  Final reconciliation and audit adjustments will be completed in the coming months.  A full audited presentation will be included in the FY25 Annual Comprehensive Financial Report (ACFR).  These results should be treated as preliminary but provide an early indication of the City’s fiscal year-end position. Page 80 of 126  FY2025 Unaudited General Fund Revenues and Expenditures Adopted Budget Estimated FY25 Revenue Type Budget Amendments Amended Budget YTD Transactions Total Surplus/(Deficit) % Collected FY24 Total Tax & Tax Equivalents 75,140,274.00 - 75,140,274.00 64,905,537.74 70,826,015.55 (4,314,258.45) 94% 66,255,199.10 PILOT, Dev Fees, FFS 8,136,136.00 - 8,136,136.00 8,453,911.59 8,453,911.59 317,775.59 104% 7,783,607.49 Property Taxes 53,603,973.00 - 53,603,973.00 45,553,296.54 51,473,774.35 (2,130,198.65) 96% 48,038,082.13 Sales Tax Equivalents 13,400,165.00 - 13,400,165.00 10,898,329.61 10,898,329.61 (2,501,835.39) 81% 10,433,509.48 Credit Card Surcharges 227,101.00 - 227,101.00 275,843.66 275,843.66 48,742.66 121% 28,716.07 Credit Card Surcharges 227,101.00 - 227,101.00 275,843.66 275,843.66 48,742.66 121% 28,716.07 Ancillary 5,285,098.00 31,000.00 5,316,098.00 5,477,734.27 5,477,734.27 161,636.27 103% 5,729,457.46 Fines & Penalties 2,245,851.00 - 2,245,851.00 2,191,863.30 2,191,863.30 (53,987.70) 98% 2,164,556.15 Investments & Savings 1,455,437.00 - 1,455,437.00 1,948,196.80 1,948,196.80 492,759.80 134% 2,294,729.25 Leases & Rent 1,172,661.00 31,000.00 1,203,661.00 1,102,913.67 1,102,913.67 (100,747.33) 92% 1,174,227.15 Miscellaneous 411,149.00 - 411,149.00 234,760.50 234,760.50 (176,388.50) 57% 95,944.91 Charity 2,315,454.00 2,531,281.00 4,846,735.00 4,743,460.28 4,743,460.28 (103,274.72) 98% 3,961,992.54 Contributions, Donations, Gifts 1,027,500.00 6,547.00 1,034,047.00 871,384.59 871,384.59 (162,662.41) 84% 906,187.29 Foundations & Grants 1,287,954.00 2,524,734.00 3,812,688.00 3,872,075.69 3,872,075.69 59,387.69 102% 3,055,805.25 Direct 14,210,369.00 26,419.00 14,236,788.00 13,564,161.86 13,564,161.86 (672,626.14) 95% 12,584,406.63 FFS & Sales 14,210,369.00 26,419.00 14,236,788.00 13,564,161.86 13,564,161.86 (672,626.14) 95% 12,584,406.63 Non-Receipts 11,042,737.00 (2,111,119.00) 8,931,618.00 7,494,155.19 7,494,155.19 (1,437,462.81) 84% 7,361,382.17 Budget Balancing 1,088,000.00 12,386.00 1,100,386.00 - - (1,100,386.00) 0% - Intra-City Xfers 9,915,337.00 (2,127,505.00) 7,787,832.00 7,447,102.73 7,447,102.73 (340,729.27) 96% 7,327,913.19 Pass-Through 39,400.00 4,000.00 43,400.00 47,052.46 47,052.46 3,652.46 108% 33,468.98 Revenue Total 108,221,033.00 477,581.00 108,698,614.00 96,460,893.00 102,381,370.81 (6,317,243.19) 94.19% 95,921,153.97 Adopted Budget Estimated FY25 Expense Type Budget Amendments Amended Budget YTD Transactions Total Surplus/(Deficit) % Expended FY24 Total Personnel Services 67,054,220.00 -17,598.00 67,036,622.00 63,652,866.85 63,652,866.85 3,383,755.15 95% 60,834,384.98 Capital Equipment 742,418.00 384,857.00 1,127,275.00 1,190,034.52 1,190,034.52 (62,759.52) 106% 429,700.95 General Operating 15,399,218.00 8,025.00 15,407,243.00 13,021,298.62 13,557,860.85 1,849,382.15 88% 13,337,330.82 Regional Programs 3,480,004.00 16,000.00 3,496,004.00 3,384,159.63 3,384,159.63 111,844.37 97% 3,598,973.69 Debt Service 7,970,125.00 0 7,970,125.00 7,905,353.26 7,905,353.26 64,771.74 99% 7,194,896.18 Interfund 13,530,258.00 11,000.00 13,541,258.00 10,826,871.57 12,647,936.78 893,321.22 93% 12,647,936.78 Expense Total 108,176,243.00 402,284.00 108,578,527.00 99,980,584.45 102,338,211.89 6,240,315.11 94.25% 98,043,223.40 Surplus/(Deficit) 43,158.92 Page 81 of 126 Page 82 of 126  Resolution Relating to RESOLUTION Sponsor(s): Bd. of Finance Introduced: RATIFICATION OF TENTATIVE AGREEMENT AND Referred to: AUTHORIZATION TO EXECUTE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE CITY OF Action: BURLINGTON AND THE BURLINGTON FIREFIGHTERS’ Date: ASSOCIATION (July 1, 2025 – June 30, 2028) Signed by Mayor: CITY OF BURLINGTON In the year Two Thousand Twenty-Five..……………………………………………………………………… Resolved by the City Council of the City of Burlington, as follows: 1 That WHEREAS, the City and the Burlington Firefighters’ Association have been negotiating the terms 2 and conditions of a successor agreement to the Collective Bargaining Agreement that expired on June 30, 3 2025; and 4 WHEREAS, the negotiating teams of the parties have reached a Tentative Agreement for a new three 5 year agreement, retroactively effective July 1, 2025 (unless otherwise specified); and 6 WHEREAS, the Burlington Firefighters’ Association has ratified this Tentative Agreement on 7 September 4, 2025; 8 NOW, THEREFORE, BE IT RESOLVED that the City Council hereby ratifies and authorizes Mayor 9 Emma Mulvaney-Stanak to execute a Collective Bargaining Agreement between the City and the BFFA for a 10 three year period retroactively from July 1, 2025 to June 30, 2028, in substantially the form attached hereto, 11 subject to the final review and approval of the City Attorney and Chief Administrative Officer 12 13 JB/Resolutions 2025/RATIFICATION OF TENTATIVE AGREEMENT AND AUTHORIZATION TO EXECUTE COLLECTIVE 14 BARGAINING AGREEMENT BETWEEN THE CITY OF BURLINGTON AND BFFA (July 1, 2025 – June 30, 2028) 15 09/26/2025 Page 83 of 126  MOA for Ratification, September 2, 2025 1 Final 2 MEMORANDUM OF AGREEMENT 3 4 This Memorandum of Agreement (MOA), entered into by and between the Burlington Fire Fighters 5 Association (BFFA) and the City of Burlington, Vermont, hereinafter “City” is the product of collective 6 bargaining conducted pursuant to the provisions of the Vermont Municipal Labor Relations Act, for the 7 purpose of reaching a successor collective-bargaining agreement to the July 1, 2022– June 30, 2025 8 collective-bargaining agreement. The successor collective-bargaining agreement shall be effective from 9 July 1, 2025 – June 30, 2028. Except where specifically amended by the provisions and conditions of this 10 MOA, all terms and provisions and conditions of the agreement in effect June 30, 2025, are to remain in 11 full force and are incorporated into this MOA are effective upon ratification by the BFFA and by the City 12 Council, unless specifically stated otherwise. 13 14 15 ARTICLE IX – PROMOTIONS, TRANSFERS AND EDUCATIONAL OPPORTUNITIES 16 9.4 Lieutenant. For the rank of Lieutenant, to be eligible to take the examination, an applicant must have 17 completed seven (7) consecutive years of service or the equivalent based on length of service credit and 18 must have obtained served in the rank of senior firefighter with the Burlington Fire Department for at 19 least one (1) year prior to November 1 of the year in which the examination is taken. Examinations will 20 normally be given on even years in each biennial during the month of November. 21 22 9.11 Filling of Vacancies and Transfers 23 d. Upon execution of this agreement, three two employees will be assigned to each ambulance 24 per shift. for the purpose of staffing an ambulance rotation. 25 26 9.11e 27 e. “Notwithstanding any inconsistencies of provisions of the CBA, including those in Articles 9.3, 28 9.4, 9.5, and 10.3, both the City and Union agree to the following Lateral Hire Program. For all employees 29 hired on or after July 1, 2025 with previous eligible firefighting experience, the following provisions shall 30 apply: 31 32 1. Lateral Candidates for open firefighter positions shall be eligible to have their prior firefighter- 33 EMT service considered in determining their grade, title, and pay step upon hire, provided that 34 the lateral transfer requirements are met. Such requirements shall be a minimum of one year of 35 fulltime career fire service experience and the possession of NREMT EMT certification. Lateral 36 Candidates meeting or exceeding these requirements shall be eligible to have such service credit 37 applied upon hire as outlined in items 2 and 3. The Chief Engineer shall make the final Page 84 of 126  MOA for Ratification, September 2, 2025 38 determination as to whether any Lateral Candidate’s prior experience meets the lateral transfer 39 requirements and shall not to be subject to appeal or CBA grievance process. 40 41 2. Lateral Candidates shall have their prior full-time firefighter-EMT experience assessed by a ratio 42 of one year of service credit for every full year of prior firefighter-EMT experience, up to a 43 maximum of six years of service credit upon entry. This formula will determine the Lateral 44 Candidate’s pay step upon entry to the according to the “New Employee Pay Scale” outlined in 45 Appendix B of the CBA, as well as the employee’s grade level and title according to Article 10.3 of 46 the CBA. Thereafter, a Lateral Hire shall advance through the “New Employee Pay Scale” and 47 grade level and title progression in accordance with Section 10.3. For example, a lateral candidate 48 receiving credit for (1) full year will start on NEPS Step 2, while a lateral candidate receiving the 49 maximum service credit of (6) years will start at NEPS Step 7. 50 51 3. A Lateral Hire shall be eligible to have their prior firefighter-EMT experience considered towards 52 the service credit necessary for promotion pursuant to Article 9. The prior firefighter-EMT 53 experience will be assessed by a ratio of one year of service credit for every two full years of prior 54 fulltime firefighter-EMT experience, up to a maximum of 3 years of service credit upon the review 55 and approval of the Chief Engineer. 56 4. Prior firefighter-EMT experience upon hire shall not be applied in consideration towards 57 calculation of seniority; accrual of vacation, sick, or any other earned leave time; service credit 58 towards the City’s pension system; or any other provision of the CBA or the City’s Comprehensive 59 Personnel Policy Manual. Such credit for such items shall be calculated from the employee’s date 60 of hire. 61 62 9.14 – additional language to existing article 63 In the case of non-mandatory training programs, employees will be compensated only for the actual 64 hours in class. Additionally, for courses that result in certification (AEMT, Fire Officer) (with the exception 65 for AEMT), employee will not receive compensation for hours in class until certification is obtained. For 66 employees attending the AEMT course, if the employee is unsuccessful in obtaining their certification 67 and, as a result, their employment with the department is terminated, the Department shall be allowed 68 to recoup overtime compensation the employee received through unused benefits (holiday, vacation, sick 69 leave) of the employee. Page 85 of 126  MOA for Ratification, September 2, 2025 70 ARTICLE X – RATES OF PAY 71 10.2 Covered employees who are on the City Fire Department payroll as of the date of execution of this 72 Agreement shall receive the following increases to their base pay, as shown on Appendix B: 73 Annual cost of living adjustments (COLAs): 74 Retroactive to July 1, 20252 for FY263 4%10% 75 Effective July 1, 20263 for FY274 7%5.75% 76 Effective July 1, 20274 for FY285 7%3.75% 77 78 Full article not written – capturing change to final paragraph of 10.4 79 10.4 Wages paid pursuant to APPENDIX B shall include compensation for EMT certification, and will be 80 considered earnings for purposes of determining average final compensation for retirement. The four 81 (4%) percent incentive paid for AEMT certification will not shall be considered earnings for purposes of 82 determining average final compensation for retirement. 83 84 10.5 Employees who maintain paramedic certification shall be compensated above their wages on 85 APPENDIX B by an amount equal to six (6%) percent in addition to the AEMT pay, with such incentive paid 86 on a weekly basis. Paramedic certification shall be voluntary, and the six (6%) percent paramedic pay will 87 not be considered earnings for purposes of determining average final compensation for retirement. 88 Upon ratification of this CBA, labor and management will meet to develop a preceptor program to better 89 facilitate training. When acting in a precepting capacity, a member will be paid on the following schedule. 90 0 to 12 hours - $50 91 12+ to 24 hours - $100 92 24+ to 36 hours - $150 93 36+ to 48 hours - $200 94 Outside students will be allowed to ride with a BFD preceptor from the hours of 8:00am to 4:00pm on 95 Monday through Friday, not to include holidays. This program will be in effect no later than December 31, 96 2025. The preceptor program will be evaluated by both sides six months after implementation and, again, 97 after one year. 98 99 10.5a Annual Retention Bonus 100 The parties will agree on an appropriate distribution system of annual retention bonuses based on 101 tenure, in a total dollar amount of $112,000 covering 84 members. Page 86 of 126  MOA for Ratification, September 2, 2025 102 103 APPENDIX E 104 Retention Bonuses, as laid out in section 10.5a, will be paid out in accordance with the following chart, on 105 the anniversary of an employee’s respective employment with the City of Burlington, so long as they are 106 still a covered employee under the Collective Bargaining Agreement between the City and the Union at 107 the time of their anniversary date: Years of Service Retention Bonus Pay 22 Years or Greater $2,500 21 Years $10,000 18 Years $8,000 15 Years $7,000 12 Years $6,000 9 Years $5,000 6 Years $4,000 3 Years $3,000 108 109 The retention bonus payments made pursuant to this Agreement shall be added to eligible employee’s 110 next regular paycheck as reasonably practicable after the anniversary date of their employment with the 111 City. 112 With the exception of the “22 years or greater tier”, each retention bonus payout will be paid only on the 113 respective milestone anniversary date. The intervening years between each milestone anniversary, before 114 22 years, do not qualify for any retention bonus payout. Starting at 22 years of service, annually 115 thereafter, a covered employee shall be eligible for a $2,500 retention bonus payout. 116 The retention bonus payments shall be subject to all necessary taxes and withholdings as determined by 117 the City. Such sums are understood to be a gross amount and the Union understands and agrees that 118 actual amounts remitted to eligible employees will be on a net basis. 119 120 ARTICLE XI – HOURS OF WORK 121 11.2 The BFD has fully switched over to the forty-eight/ninety-six (48/96) schedule. The Work Cycle will 122 consist of continuous cycles of twenty-one (21) twenty-eight (28) consecutive days. Employees will work 123 scheduled one hundred sixty-eight (168) hours during each twenty-one (21) day cycle on a schedule 124 providing twenty-four (24) forty-eight (48) consecutive hours of work followed by forty-eight (48) ninety- 125 six (96) consecutive hours off. The workday shall be a twenty-four (24) forty-eight (48) hour period Page 87 of 126  MOA for Ratification, September 2, 2025 126 beginning at 7:30 a.m. each day on the first day of the shift. The Department will be responsible for all 127 record keeping with respect to cycle hours/pay. 128 129 It is understood that this schedule is not equally divided amongst work cycles and will instead result in 130 cycles where both two hundred and sixteen (216) hours and two hundred and forty (240) hours are 131 scheduled throughout the year. Cycle pay is defined as the wages paid to a member for scheduled hours 132 worked in excess of two hundred and twelve (212) in the twenty-eight (28) day cycle. Said wages will be 133 paid at a rate of one and one half times the employee’s regular wage, including the use of personal leave 134 or vacation leave during the twenty-eight (28) day cycle in lieu of actually working scheduled hours. All 135 other types of leave will be paid at an employee’s regular hourly wage. 136 ARTICLE XI – HOURS OF WORK 137 11.4a Shift to Shift Transfer Time Allocation 138 1. Voluntary Transfers: To facilitate the transition, employees who voluntarily transfer to a new 139 position or location will be granted one (1) transfer day, consisting of twenty-four (24) consecutive hours. 140 2. Mandated Transfers: Employees who are required to transfer due to an employee mandate 141 will be granted two (2) transfer shifts, totaling forty-eight (48) consecutive hours, to complete the 142 transition. 143 3. Scheduling: The transfer period shall commence at a time mutually agreed upon between the 144 employee and the employer, ensuring minimal disruption to operations while allowing adequate time for 145 relocation and adjustment. 146 4. Compensation and Leave: Transfer days are considered paid time and are not deducted from 147 the employee’s accrued leave balances. 148 149 ARTICLE XI – HOURS OF WORK 150 11.6 An employee called into work outside of a regularly scheduled shift shall be paid at time and one- 151 half the employee’s regular rate, for a period of not less than the following minimums: 152 153 Emergencies Hours 154 155 Respond to emergencies 4 hours 156 (i.e. 2nd alarm fires) 157 158 Testify in Court or legal proceedings 2 hours 159 (except employee’s own disciplinary 160 proceedings) or for other purposes. 161 For this purpose, an employee shall 162 be considered to have testified if 163 the employee arrives at the place of testimony Page 88 of 126  MOA for Ratification, September 2, 2025 164 at the time of a scheduled appearance, 165 or, in the event that an employee 166 receives less than two (2) hours 167 advance notice of the cancellation 168 of a scheduled appearance. 169 170 Departmental committee meetings No minimum 171 172 An employee who is held over after a shift shall be paid for a minimum of one one-half (1/2) hour. 173 174 175 176 11.7 All unscheduled overtime shall be distributed and rotated equally as far as is reasonably practicable 177 among qualified employees first by voluntary canvass in order of seniority, starting where the last canvass 178 stopped, but excluding from the canvass those who are not qualified to perform the duties needed, and 179 proceeding until a volunteer is found or until the list is exhausted. The details of any such system shall be 180 agreed upon by the union and the fire department administration. Any overtime hiring that occurs after 181 shift change shall be filled with a member to fill the same position as the member who created the 182 vacancy. For instance, if a firefighter creates a vacancy, a firefighter will be hired to fill the vacancy, and 183 an officer shall be hired to fill a vacancy created by an officer. In the event a full canvass of the list fails to 184 produce the needed personnel on any occasion, mandatory call-in shall be used in inverse seniority, but 185 excluding any employees who are on authorized leave, swap, and/or approved training time, or who have 186 already been ordered in on a mandatory call-in once during a rotation through the roster. Leave time, 187 excluding training leave, is inclusive of the approved shift off as well as the two days prior and two days 188 after said shift. If less than 24 but more than or equal to 12 hours of approved leave are being used, only 189 the two days adjacent to the approved leave are protected. Leave time less than 12 hours does not count 190 as protective leave time. Members completing clinical ride time, and who are riding with a preceptor, will 191 be ineligible to be ordered in for the hours of their scheduled ride time and the twelve (12) hours 192 immediately following it. However, in the event of an emergency event requiring recall, including but not 193 limited to a multiple alarm fire, mass casualty, or similar type of event, these members may be required 194 to respond in a firefighting/EMT capacity. In such cases, their recall shall be limited to the duration 195 necessary to effectively manage the incident. The City shall maintain a log, open to the Union for 196 inspection at any time, showing the date and time of each members last date and time hired, the date 197 and time they were hired for, and whether the overtime was voluntary or mandatory. 198 Page 89 of 126  MOA for Ratification, September 2, 2025 199 11.10 The Department agrees to maintain a minimum staffing level in operations of twenty-two (22) 200 employees per shift. When staffing levels exceed twenty-two (22), the Department shall first assign such 201 additional personnel to companies, where two (2) personnel are otherwise assigned. The City of 202 Burlington and the Union agree to the tenets of safe staffing and are actively moving towards increasing 203 the number of personnel assigned to each apparatus over the next three years. 204 • FY26 – no new firefighter positions will be created 205 • FY27 - Effective July 1, 2026 the Department shall create and hire two (2) new firefighter 206 positions 207 • FY28 - Effective July 1, 2027 the Department shall create and hire two (2) new firefighter 208 positions 209 210 For the purpose of this section, the term “employees” includes Battalion Chiefs and Deputy Chiefs 211 (serving in the role of shift commander only), as well as any probationary employee who has successfully 212 completed their basic training requirements. Such basic training requirement shall consist of those 213 mutually agreed upon by the fire chief or designee and the union. 214 215 The Department shall maintain create the position of Cover Officer for all employees currently on the 216 Lieutenant promotional list as of July 1, 2025. Once all employees on the promotional list as of July 1, 217 2025 have promoted or the lieutenant’s promotional list as of July 1, 2025 expires, the Cover Officer 218 position shall be eliminated through attrition. Members promoted to the rank of Lieutenant, who are 219 filling the cover officer role will retain their rank. Through attrition, the department will return to the 220 practice of assigning (4) lieutenants per shift. upon execution of a new CBA and The Department shall 221 assign one member to the cover officer position per shift. This shall be a floating Lieutenant position 222 which will fill in as needed throughout the City. This position shall be included in the minimum staffing 223 number above. Any vacancy in this position shall not trigger the requirements of Section 10.6 of this 224 agreement. 225 226 11.12 Upon ratification of this Agreement, and if the BFFA indicates a desire to proceed by December 1, 227 2022, the parties agree to adopt a 48/96 schedule. Such trial period would begin with the start of the 228 vacation schedule that is picked in January 2023. The parties will meet to work out the details of such 229 plans, including potentially a change to the start of the shift time and the division of day and night tours. 230 The parties will meet to evaluate the success of the new schedule every three months. The plan will be 231 to continue the trial period for one year. But, after at least six months of the new schedule, either party 232 has the right to end the 48/96 schedule by providing a good, business- related reason. If either party 233 ends the 48/96 schedule, the parties will meet to determine the best time for the transition back to the 234 terms in place prior to the trial period. 235 236 ARTICLE XII – HOLIDAYS 237 12.4 Employees who are eligible for holidays shall be compensated as follows: Page 90 of 126  MOA for Ratification, September 2, 2025 238 a) For twelve (12) holidays per fiscal year, compensation shall, at the employee’s option, be 239 either an additional sum in the amount of one-fifththird (1/3) the employee’s weekly rate (one-half for 240 Christmas Day), or an additional day off. Holiday days elected as days off may be taken in twelve (12) hour 241 segments. 242 243 12.5 An employee’s name will be placed on a calendar requesting a day off for the use of holiday 244 time, compensatory time, and one (1) day vacation time. This may be done up to three (3) months twelve 245 (12) weeks in advance of the requested day shift. Up to four (4) weeks prior to the day, three (3) 246 guaranteed slots shall be given to those signing up for vacations of one week or more rather than holiday 247 time, compensatory time, or one (1) day vacation time. If no employee, or only one or two employees 248 have signed up for vacation time, then the employee whose name is on the calendar for holiday time, 249 compensatory time, or one (1) day vacation time shall be guaranteed the day. Under no circumstances 250 shall more than three (3) employees per shift be granted leave for either vacation, holiday, or 251 compensatory time, or one (1) day vacation time, with one (1) additional employee being eligible for one 252 (1) day leave time only if minimum staffing levels can be maintained, at the commencement of the given 253 shift, for a maximum total of four (4) employees per shift approved for leave. except that, beyond the 254 three (3) slots, holiday time, compensatory time or one (1) day vacation time may be granted provided 255 minimum manning is met at the commencement of the given shift, and provided further, that these 256 Requests for such single day leave time off must be made not later than twelve (12) hours prior to the 257 start of the shift. Members are permitted to submit for and be awarded consecutive days off on a “first 258 come—first served” basis, utilizing their leave time. 259 260 ARTICLE XIV – SICK LEAVE 261 BONUS FOR NON-USE OF SICK LEAVE 262 14.4 Employees who use no sick leave in a quarter of a fiscal year and continue to use no 263 sick leave in following quarters, shall be paid a bonus, which shall be calculated according to the 264 following schedule: 265 I. First full quarter of employment - $50.00 266 2. Next Quarter - $75.00 267 3. Next Quarter- $100.00 268 4. Next Quarter-$125.00 269 5. Successive Quarters - $150.00 Page 91 of 126  MOA for Ratification, September 2, 2025 270 271 14.5 Use of sick leave in a quarter shall result in a reduction of the sick leave bonus 272 for that quarter according to the following schedule: 273 1. One day of sick leave used in a quarter, quarterly bonus for that quarter decreases 274 by $25.00 from amount received in previous quarter; 275 2. Two days of sick leave used in a quarter, quarterly bonus for that quarter 276 decreases by $50.00 from amount received in previous quarter; 277 3. Three days of sick leave used in a quarter, quarterly bonus for that quarter 278 decreases by $75.00 from amount received in previous quarter; 279 4. More than three days of sick leave used in a quarter, quarterly bonus for that 280 quarter is zero. 281 14.6 Employees who use sick leave and have their bonus reduced shall proceed each 282 quarter through the schedule as set forth in paragraph 14.5. As an example, an employee who 283 had progressed to the point of having received a $100.00 bonus the previous quarter and who 284 uses two days of sick leave in the current quarter shall be paid a bonus of $50.00 for that quarter, 285 and shall be eligible for a $7 5. 00 bonus the following quarter, etc. The use of not more than 2 286 hours of sick leave per quarter for doctor's appointments shall not count as non-work hours for 287 purposes of eligibility for cycle pay for those otherwise eligible. 288 Wellness Bonus 289 Each employee (even those who do not receive their health benefits through the City and have accepted a 290 cashout) will be eligible for up to $400.00 per fiscal year as a wellness bonus. Wellness bonuses are available 291 if an employee provides proof of participation through our medical providers web portal in the following 292 wellness activities in the amounts stated: 293 i) Annual physical examination with primary care physician or physician’s assistant--$100. 294 ii) Annual or semi-annual dental examination (cleaning) with dentist or dental assistant--$100. 295 iii) Completion of annual online risk assessment by the stated deadline--$100.00. Deadline will be 296 identified each year no less than three months after start of fiscal year. 297 iv) Participation in a list of approved wellness activities designated by Human Resources--$50.00 298 each for up to total of $100.00. For purpose of example only, these activities may include: proof 299 of health club or gym membership, proof of enrollment in a weight management program, proof 300 of completion of a smoking cessation program, proof of completion of any of the preventative care 301 screenings included in the City’s health plan, such as mammogram, annual gynecological exam, Page 92 of 126  MOA for Ratification, September 2, 2025 302 colonoscopy, prostate exam, or proof of participation in any of the offerings included in the City’s 303 EAP program. 304 e. Proof of participation means a statement or receipt from a health care provider to the 305 employee’s insurance carrier for services provided or a receipt for payment to a wellness 306 provider such as a health club or a sworn statement signed by a provider that the employee 307 attended at least 80% of the sessions in a wellness program. Employees may be asked to submit 308 the proof of participation to Human Resources; the City’s medical administrator will provide a list 309 of approved activities to the City’s payroll department or provider on a monthly basis. Payment 310 will be made to the employee at the next payroll following receipt of the administrator’s list 311 Additionally, each fiscal year BFFA members will be eligible to receive additional wellness bonuses for 312 completing a physical ability assessment, a physical fitness assessment, and a targeted behavioral health 313 screening. The union and administration will meet and agree to determine the standard that members 314 will need to meet to receive the bonus as well as how the assessments or screenings shall be 315 administered and how proof will be recorded. Members shall be entitled to an additional $200.00 dollars 316 for each additional assessment or screening they complete. The assessments and screenings shall not be 317 used to remove a member from duty, unless the member displays an imminent threat to the physical 318 safety of self or others. 319 320 Payment will be made to the employee at the next payroll following receipt of the administrator’s list. 321 322 ARTICLE XV – OTHER LEAVE 323 BEREAVEMENT LEAVE 324 15.6 The purpose of bereavement leave is to enable employees to take care of personal 325 arrangements and problems caused by death of an immediate member of their family and to relieve 326 them of the concern over loss of earnings on the regularly scheduled work days within 30 days, unless 327 otherwise approved by the Fire Chief or their designee, following the death. If a 328 death and/or funeral occurs during the employee's vacation, additional vacation days to make up for 329 those used for bereavement leave will be granted. 330 15.7 Upon the death of an employee's spouse, domestic partner, or child, including an 331 adoptive or step-child, the employee may request and the Chief will grant bereavement leave of up to 332 ten ( l 0) calendar days within 30 days, unless otherwise approved by the Fire Chief or their designee 333 following such death without loss of pay. Page 93 of 126  MOA for Ratification, September 2, 2025 334 15.8 Upon the death of an employee's parent, the employee may request and the Chief will 335 grant bereavement leave of up to five (5) calendar days within 30 days, unless otherwise approved by 336 the Fire Chief or their designee following such death without loss of pay. 337 15.9 Upon the death of an employee's stepmother, stepfather, foster mother, foster father, 338 father-in-law, mother-in-law, grandmother, grandfather, sister, brother, step-child or other relative 339 living in the same household, the employee may request and the Chief will grant bereavement leave of 340 up to three (3) calendar days with 30 days, unless otherwise approved by the Fire Chief or their 341 designee following such death without loss of pay. 342 15.l 0 Upon the death of an employee's aunt, uncle, cousin, brother-in-law, or sister-in 343 law, the employee may request and the Chief will grant bereavement leave of one (1) calendar day within 344 30 days, unless otherwise approved by the Fire Chief or their designee following such death without loss 345 of pay. 346 15.11 An employee, in addition to the above-defined leave, may utilize vacation and/or sick 347 leave to supplement bereavement leave with prior approval from the Chief or their designee. 348 349 15.13 An employee may elect to use accrued sick leave in an amount not to exceed seven (7) calendar 350 days for paternity leave or adoption leave as a result of adoption of a child, or of spouse’s miscarriage or 351 childbirth. Notwithstanding paragraph 14.5, use of this paternity or adoption leave shall not affect the 352 employee’s rights, if any, under paragraph 14.4 to bonus for non-use of sick leave. 353 354 355 356 357 ARTICLE XV – OTHER LEAVE 358 MILITARY LEAVE – 359 15 .15 Any regular employee who has completed the probationary period shall be 360 entitled to military leave as herein provided: 361 (a) Military leave shall be due whenever an employee: initially enlists, is inducted, or is 362 called to active duty in the Armed Services, Reserves, or National Guard; voluntarily enters active 363 duty in the Reserves of National Guard; or, is ordered to or enters an initial period of active duty 364 for training of not less than twelve consecutive weeks as a member of the Reserves of 365 National Guard. Page 94 of 126  MOA for Ratification, September 2, 2025 366 (b) Restoration - An employee is entitled to restoration to the employee's 367 former position provided the employee: makes application for restoration to the City 368 within ninety (90) days of completed service, or from service-connected hospitalization of a 369 period of not more than one (I) year; shows certification of (satisfactory) military service, 370 and is still qualified to perform the duties of the position. Restoration shall entitle the 371 employee to former position or status within the City, or to such position of like seniority, 372 status, and pay, unless the City's circumstances have so changed as to make it impossible 373 or unreasonable to do so. The City is not required to create an unneeded position or to 374 bump a current employee to restore another employee returning from military leave. 375 (c) Disposition of Sick and Vacation Leave - Employees entitled to military leave 376 shall be paid for any accrued vacation leave as they may be entitled if they were separating 377 from City service. Employees returning to City duty under restoration shall have unused 378 sick leave credits restored for their use. 379 ( d) Military Reserve Training or National Guard Service --A regular employee 380 who has completed the probationary period and who is a member of the National Guard 381 or any reserve component of the United States Armed Forces, will be allowed leave of 382 absence for official training or duty in accordance with State and Federal law. 383 Compensation for this period of military leave shall be limited to a maximum of twelve (12) 384 weeks and shall be computed on the basis of the difference between military base pay 385 received and the amount designated as the straight weekly salary for the position of the 386 employee. A copy of the military pay voucher leave and earnings statement shall be 387 submitted prior to authorization for payment to the employee for the period of leave. 388 Such military training leave shall not be deducted from vacation time. 389 (e) Military Reserve or National Guard members who have completed probation will be 390 awarded one hundred and twenty (120) hours of paid Military Training leave each calendar year to 391 be used for routine training drills and sessions. Military Training Leave will be paid at the member’s 392 normal compensation rate to include longevity pay and certification pay. Military Training Leave 393 will be paid in the pay period for which it is used. This leave will not compound, and unused hours 394 will not roll over at the end of the calendar year. Page 95 of 126  MOA for Ratification, September 2, 2025 395 (fe) Federal Pre-emption-Applicable Federal laws under 38 U.S.C.A. §§2021, 2024 396 shall pre-empt and control in the event of any conflict between those laws and these policies 397 New article to be added to OTHER LEAVE 398 USAR LEAVE 399 15.18 Members who have completed probation and are members in good standing with the State of 400 Vermont’s Urban Search and Rescue (USAR) Team will be awarded ninety-six (96) hours of paid USAR 401 leave each calendar year to be used for either in-state or out-of-state deployments. USAR leave will be 402 paid at the member’s normal compensation rate to include longevity pay and certification pay. USAR 403 leave will be paid in the pay period for which it is used. USAR leave will not compound, and unused 404 hours will not roll over at the end of the calendar year. USAR leave will not be used to attend regularly 405 scheduled trainings. 406 407 ARTICLE XVI – EMPLOYEE BENEFITS 408 16.3 The City is currently self-insured for health insurance with a third-party administrator that handles 409 review and payment of claims, in accordance with the current plan design. with benefits as described in 410 the materials attached as APPENDIX C, with the new prescription changes effective as soon after January 411 1, 2019, as they can be implemented expected date May 1, 2019. 412 The City may alter the sponsorship carrier of the health care plan as the benefits and employee 413 contributions are substantially equivalent to those outlined in this section and APPENDIX C on the City 414 web page.. 415 APPENDIX C 416 417 16.4 Eligible employees shall contribute a set percentage of the total cost of the City’s Health Fund 418 Budget (Fund 150) (“the total cost of healthcare benefits”) their selected health insurance plan by 419 withholding of a percentage of their wages, said contribution to be made on a pre-tax basis, based on 420 the following schedule: 421 422 For the time period inclusive of July 1, 2025 through December 31, 2025: 423 20% of the total cost of healthcare benefits, based on the existing practice of a flat percentage 424 of employee wages, except that the individual employee contribution will be no more than 6.5% of each 425 employee’s wages. Page 96 of 126  MOA for Ratification, September 2, 2025 426 If at the end of each fiscal year, the total contractual contribution made by all employees 427 exceeds 20%, the overage will be credited to the total employee contribution in the following fiscal year, 428 thus reducing the percentage of wages required from employee that next FY. 429 430 Effective January 1, 2026: 431 432 Employees shall contribute 20% of the total cost of selected healthcare benefit tier provided that the 433 individual employee contribution shall not exceed 6.5% of the employee’s wages. Employee’s 20% 434 contribution for the healthcare benefit costs shall be based on the applicable total premium tier for each 435 employee. Premium rates shall be calculated annually by the City’s benefit plan advisor based on plan 436 renewal information and updated accordingly each fiscal year. 437 438 Effective January 1, 2026, the total premium per employee shall be as follows: 439 440 Single coverage: $949.03/month 441 Single + 1 coverage: $1,803.16/month 442 Family coverage: $2,657.29/month 443 444 These rates may change for FY27 and FY28 as advised by the City’s benefit plan advisor based on plan 445 renewal information. 446 447 If at the end of each fiscal year, the total contractual contribution made by all employees exceeds 20%, 448 the overage will be credited to the total employee contribution in the following fiscal year, thus reducing 449 the percentage of wages required from employee that next FY. 450 451 452 453 16.4 A Joint-Labor Management Healthcare Committee shall be formed and maintained. The Labor 454 Management Healthcare Committee shall meet at a minimum, quarterly to review the financial state of 455 City provided health, vision and dental insurance plans as well as to review, an influence, potential 456 changes to plan coverage to ensure continuity, financial viability, and comparability of coverage. 457 Members of this committee shall be provided necessary financial documents prior to each meeting to Page 97 of 126  MOA for Ratification, September 2, 2025 458 include an updated disruption report, prescription formularies, plan expenses and costs. Each year, 459 members of this committee will also be given a copy of the Annual Comprehensive Financial Report for 460 the health insurance, vision and dental insurance plans. 461 462 The following articles, 16.4 through 16.19, will be re-numbered due to the insertion of the above 16.4 463 new article 464 465 16.4 Eligible employees shall contribute a set percentage of the total cost of the City’s Health Fund 466 Budget (Fund 150) (“the total cost of healthcare benefits”) their selected health insurance plan by 467 withholding of a percentage of their wages, said contribution to be made on a pre-tax basis, based on 468 the following schedule: 469 20% of the total cost of healthcare benefits, except that the individual employee contribution 470 will be no more than 6.5% of each employee’s wages. 471 If at the end of each fiscal year, the total contractual contribution made by all employees 472 exceeds 20%, the overage will be credited to the total employee contribution in the following fiscal year, 473 thus reducing the percentage of wages required from employee that next FY. 474 Employees shall contribute 20% of the total cost of selected healthcare benefit tier provided that the 475 individual employee contribution shall not exceed 6.5% of the employee’s wages. Employee’s 20% 476 contribution for the healthcare benefit costs shall be based on the applicable total premium tier for each 477 employee. Premium rates shall be calculated annually by the City’s benefit plan advisor based on plan 478 renewal information and updated accordingly each fiscal year. 479 480 For FY26, effective July 1, 2025: 481 482 Single coverage: $949.03/month 483 Single + 1 coverage: $1,803.16/month 484 Family coverage: $2,657.29/month 485 486 These rates will change for FY27 as advised based on plan renewal information. 487 488 489 16.8 which will now read as 16.9 in the CBA Page 98 of 126  MOA for Ratification, September 2, 2025 490 16.89 An employee who has available from another source basic medical, 491 hospitalization, surgical insurance and major medical coverage shall have the option of 492 dropping coverage under the City's health insurance program and receiving in lieu thereof a 493 cash payment in the amount of eight hundred o n e t h o u s a n d dollars ($81,000.00). To 494 receive the cash payment, an employee must not be receiving health insurance coverage 495 through the City of Burlington. An employee exercising this option must furnish to the City 496 proof of alternative adequate health insurance coverage. This election must be made by the 497 employee annually on a form to be provided by the City. The form will contain a disclosure 498 warning the employee of the risks of dropping the City's health insurance program in favor of 499 the cash-out option. If the employee has a spouse covered under the City's health insurance 500 program, the employee may not elect this cash-out option unless the employee's spouse signs 501 and delivers to the City a written consent thereto. If the employee is under a legal obligation 502 to provide health insurance through the program for the benefit of children or a former spouse 503 pursuant to a court order or otherwise, the employee may not e!ect this cash-out option 504 without the consent of the court, former spouse and/or guardian of the children. The City will 505 make available to all bargaining unit employees an individual knowledgeable about health 506 insurance benefits to counsel and advise those employees interested in electing this cash-out 507 option. Any employee who has elected this cash-out option may cancel the employee's 508 election if the alternative coverage from the other source should become unavailable to that 509 employee at any time. The cash payment called for under this option shall be payable by the 510 City to the employee in monthly w e e k l y installments. 511 DENTAL INSURANCE 512 16.10 which will now read as 16.11 in the CBA 513 16.10 City shall provide dental coverage for all employees as part of its health coverage. New employees 514 become eligible on the first of the month following their date of hire. a minimum of thirty (30) days of 515 continuous employment. 516 16.11 which will now read as 16.12 in the CBA 517 16.112 The benefits shall be provided through a self-insured plan or under a group insurance policy or 518 policies by an insurance company or insurance companies selected by the City, with benefits substantially 519 equivalent to those outlined on the City Human Resources web page. the same as those in APPENDIX C. 520 521 16.12 which will now read as 16.13 in the CBA Page 99 of 126  MOA for Ratification, September 2, 2025 522 16.132 The City shall keep in effect a Retirement Ordinance throughout the duration of this 523 Agreement. The benefit levels provided therein shall remain unchanged from those that existed on 524 June 30, 1991, except as follows: 525 1. Employees shall contribute to the Burlington Employees Retirement System (BERS) a 526 percentage of their annual salary. The total Class A contribution required from both the City (the 527 Actuarially Determined Employers Contribution (ADEC)) and the employee will be based on the 528 annual system valuation prepared by the City's actuaries. 529 All Class A City employees as defined by Burlington City Ordinance Chapter 24 shall contribute 530 30% (and the City 70%) of the total required Class A contribution. 531 Per employee cost of the total 30% Class A employee share shall be calculated based on each 532 employee’s individual wages. Notwithstanding, the individual employee contribution will be no more 533 than 14% of an employee's wages. 534 The City’s 70% share shall be prorated across departments employing Class A members (e.g., Fire and 535 Police) based on the total wages of Class A employees in each department to ensure that 100% 536 contributions are made regardless of the cap on individual employee contributions. 537 538 ARTICLE XVI – EMPLOYEE BENEFITS 539 (new) 16.20 Deferred Retirement Options Plan (DROP) 540 Members who attain 25 years of credited service with the City of Burlington and are eligible to 541 otherwise retire may elect to enroll in the City of Burlington’s Deferred Retirement Option Plan (DROP). 542 The purpose of the DROP is to ensure that trained and experienced members of the Department are 543 afforded the chance to continue serving the City and the BFD while ensuring financial stability upon 544 normal retirement. 545 546 Eligibility and Entering the DROP: Page 100 of 126  MOA for Ratification, September 2, 2025 547 To be eligible for participation in the DROP, a member must have 25 years of credited service with the 548 City of Burlington and be otherwise eligible to retire in accordance with their pension plan. The DROP 549 cannot supersede any other negotiated and agreed upon mandatory retirement ages. 550 551 At least thirty days prior to entering the DROP, a member must, in writing, request to enter the DROP 552 and state how many additional years they intend to continue to work for the City, which shall not be 553 longer than seven years. The member will be expected to work the stated number of years, except in 554 the event of a significant life change such as a career ending disability or other circumstances outside of 555 the member’s control. 556 557 Contributions: 558 While in the DROP, the member will no longer make weekly contributions to the Burlington Employees 559 Retirement System (BERS) pension fund. Their calculated monthly pension payment will remain frozen in 560 the BERS pension fund, earmarked for the member upon their separation with the City at the conclusion 561 of their participation in the DROP. 562 563 Rate of Return: 564 The agreed upon annual rate of return for contributions made to the DROP account will be 40% of the 565 Assumed Rate of Return as calculated by the BERS Pension Board. 566 567 Other Benefits: 568 Enrollment in the DROP will not affect any other benefits afforded under this CBA and the member will 569 continue to pay premium contributions as outlined in this CBA. 570 571 Separation from the City: 572 Upon reaching the end of the stated years committed in the initial DROP request, members will separate 573 from the city and officially retire, collecting all contractually agreed upon retirement benefits and 574 pension payments. At the time of separation, the full amount of DROP contributions and interest 575 earned will no longer be frozen in the BERS pension fund and will be either directly rolled over to a 576 qualified retirement account or dispersed in a manner agreed upon by the member and the City not to 577 exceed the length of time the member was in the DROP. 578 Page 101 of 126  MOA for Ratification, September 2, 2025 579 If the member leaves employment prior to completing the stated number of years for reasons outside of 580 the member’s control, the member shall receive the full amount of DROP contributions and interest 581 earned, which will be paid to the member within two (2) weeks of the separation date. 582 583 If the member voluntarily leaves employment prior to completed the stated number of years for reasons 584 within the member’s control, the member shall receive the full amount of DROP contributions but shall 585 not receive any interest. The contributions will be paid to the member within two (2) weeks of the 586 separation date. 587 588 19.8 to be removed from the CBA 589 19.8 No employee shall be a member of or engage in fire suppression activities or 590 provide emergency care services with any other paid or voluntary fire department or fire 591 suppression agency. This will not prevent any employee from providing consulting and/or 592 training services to other departments from time to time. Neither will this restrict the 593 military reserve or National Guard service of any employee. 594 595 ARTICLE XX – UNIFORMS AND EQUIPMENT 596 (New to the CBA) 597 20.7 Global Position System Utilization 598 1. The City may use Automatic Vehicle Location, telematics, and Global Position System (GPS) and any 599 evolution of these technologies for operational and programmatic purposes on certain City vehicles. 600 2. Monitoring of employees will be limited to legitimate operational/business purposes. 601 3. City will provide notice to affected employees of automatic vehicle location systems in their City 602 vehicles. Employees will acknowledge receipt of this notice in writing. 603 4. The City will provide forty-five (45) days’ notice to BFFA of its intent to utilize any new technology, 604 not identified above, that may impact terms and conditions of employment. BFFA may, during this 605 forty-five (45) day period, request to engage in bargaining over the impact of the City’s decision. 606 607 Management may not proactively monitor the GPS locations of employees for disciplinary purposes. 608 609 Remove MEMORANDUM OF UNDERSTANDING – PENSIONS – DROP, section 16.20 was created 610 Page 102 of 126  MOA for Ratification, September 2, 2025 611 ARTICLE XXIII – EMPLOYEE DUTIES 612 23.2 Not more than twelve (12) six (6) employees shall at any one time be assigned Air Pack Maintenance 613 Technician duties. These employees will be responsible for maintaining Air Pack systems in good working 614 order, in addition to their regular duties. These employees shall be compensated with stipend pay of 615 $25.00 $50.00 per week, retroactive to July 1, 2018.. 616 617 Not more than two (2) employees shall at any one time be assigned Mechanic duties. These employees 618 will be responsible for the routine maintenance and repairs of equipment in Fire Department vehicles and 619 assuring that this equipment is kept in good working order, in addition to their regular duties. These 620 employees shall be compensated with stipend pay of $40.00 $50.00 per week, starting in the workweek 621 following execution of this Agreement, Stipend pay shall not be counted in the determination of average 622 final compensation for retirement or for any other purpose except as required by law. 623 624 Not more than one (1) employee shall, at any one time, be assigned Social Media Coordinator duties. This 625 employee will be responsible for maintaining and promoting the Department’s social media presence in 626 accordance with the published job description, utilizing Department devices. This employee shall be 627 compensated with stipend pay of $90.00 per week, starting in the workweek following execution of this 628 Agreement. Stipend pay shall not be counted in the determination of average final compensation for 629 retirement or for any other purpose, except as required by law 630 631 Not more than eight (8) employees shall, at any one time, be assigned to the Peer Support Team. These 632 employees will be responsible for developing and maintaining the Peer Support Team and acting as the 633 first line of contact for members facing mental health needs in accordance with published job description. 634 These employees will not receive a weekly stipend but will be eligible to submit for up to a maximum of 635 eight (8) hours a day of overtime when acting in their role as peer supporters or if on duty, and leave is 636 required to fulfill this need, paid leave time will be awarded utilizing On Duty Administrative Leave 100-A. 637 Compensation for this role shall not be counted in the determination of average final compensation for 638 retirement or for any other purpose, except as required by law. 639 640 Appendix B 641 Existing New Employee Pay Chart: Page 103 of 126  MOA for Ratification, September 2, 2025 642 Agreed upon change is to eliminate the Probation and Steps 1 through 15 annual salaries and move to 643 Steps 1 through 16 annual salaries as outlined in the below chart. Wage Schedule New Staff Wage Schedule New Staff Wage Schedule New Staff FY 26 - 4% COLA FY 27 - 7% COLA FY 28 - 7% COLA 1 $ 63,136.46 1 $ 67,556.02 1 $ 72,284.94 2 $ 66,293.29 2 $ 70,933.82 2 $ 75,899.18 3 $ 69,607.95 3 $ 74,480.51 3 $ 79,694.14 4 $ 72,740.31 4 $ 77,832.13 4 $ 83,280.38 5 $ 74,922.52 5 $ 80,167.09 5 $ 85,778.79 6 $ 77,170.19 6 $ 82,572.11 6 $ 88,352.15 7 $ 79,485.30 7 $ 85,049.27 7 $ 91,002.72 8 $ 80,280.15 8 $ 85,899.76 8 $ 91,912.75 9 $ 81,082.95 9 $ 86,758.76 9 $ 92,831.87 10 $ 81,893.78 10 $ 87,626.35 10 $ 93,760.19 11 $ 82,712.72 11 $ 88,502.61 11 $ 94,697.79 12 $ 83,539.85 12 $ 89,387.64 12 $ 95,644.77 13 $ 84,375.25 13 $ 90,281.51 13 $ 96,601.22 14 $ 85,219.00 14 $ 91,184.33 14 $ 97,567.23 15 $ 86,071.19 15 $ 92,096.17 15 $ 98,542.90 16 $ 88,369.29 16 $ 94,555.14 16 $ 101,174.00 644 645 APPENDIX C – WILL replace SUMMARY OF HEALTHCARE BENEFITS with Lateral Hiring Program 646 APPENDIX C – 647 In recognition of the prior experience of eligible employees employed before the effective date of the 648 Lateral Hiring Program as in Article 9.11e, the Parties agree that as of the effective date of this 649 Agreement, the following employees have been moved to an appropriate step and been given credit 650 toward the length of service (”LOS”) component relative to promotional opportunity, according to the 651 following bands or tiers of eligibility: 652 Band 1: 1-4 years prior experience Step Increase & LOS Credit: 1 653 Band 2: 5+ years of experience Step Increase & LOS Credit: 2 654 Memorialized are the step increases and service credits given to currently employed members who would 655 have otherwise qualified for such a Lateral Hire Program: 656 1. Frank Rice, 4/1/2019 (1 Step Increase and 1 L.O.S. Credit) 657 2. Ben Shaw, 10/5/2020 (2 Step Increases and 2 L.O.S. Credits) 658 3. Jason S Smith, 10/5/2020 (1 Step Increase and 1 L.O.S. Credit) 659 4. Brian Bettencourt, 3/15/2021 (1 Step Increase and 1 L.O.S. Credit) 660 5. Robert Stratton, 3/15/2021 (1 Step Increase and 1 L.O.S. Credit) Page 104 of 126  MOA for Ratification, September 2, 2025 661 6. Brett Sparks, 9/27/2021 (2 Step Increases and 2 L.O.S. Credits) 662 7. Ian McCormick, 4/4/2022 (1 Step Increase and 1 L.O.S. Credit) 663 8. Alec Johnson, 12/12/2022 (1 Step Increase and 1 L.O.S. Credit) 664 9. Randy Marshall, 5/28/2024 (1 Step Increase and 1 L.O.S. Credit) 665 666 667 668 669 Page 105 of 126  MOA for Ratification, September 2, 2025 1 Final 2 MEMORANDUM OF AGREEMENT 3 4 This Memorandum of Agreement (MOA), entered into by and between the Burlington Fire Fighters 5 Association (BFFA) and the City of Burlington, Vermont, hereinafter “City” is the product of collective 6 bargaining conducted pursuant to the provisions of the Vermont Municipal Labor Relations Act, for the 7 purpose of reaching a successor collective-bargaining agreement to the July 1, 2022– June 30, 2025 8 collective-bargaining agreement. The successor collective-bargaining agreement shall be effective from 9 July 1, 2025 – June 30, 2028. Except where specifically amended by the provisions and conditions of this 10 MOA, all terms and provisions and conditions of the agreement in effect June 30, 2025, are to remain in 11 full force and are incorporated into this MOA are effective upon ratification by the BFFA and by the City 12 Council, unless specifically stated otherwise. 13 14 15 ARTICLE IX – PROMOTIONS, TRANSFERS AND EDUCATIONAL OPPORTUNITIES 16 9.4 Lieutenant. For the rank of Lieutenant, to be eligible to take the examination, an applicant must have 17 completed seven (7) consecutive years of service or the equivalent based on length of service credit and 18 must have obtained served in the rank of senior firefighter with the Burlington Fire Department for at 19 least one (1) year prior to November 1 of the year in which the examination is taken. Examinations will 20 normally be given on even years in each biennial during the month of November. 21 22 9.11 Filling of Vacancies and Transfers 23 d. Upon execution of this agreement, three two employees will be assigned to each ambulance 24 per shift. for the purpose of staffing an ambulance rotation. 25 26 9.11e 27 e. “Notwithstanding any inconsistencies of provisions of the CBA, including those in Articles 9.3, 28 9.4, 9.5, and 10.3, both the City and Union agree to the following Lateral Hire Program. For all employees 29 hired on or after July 1, 2025 with previous eligible firefighting experience, the following provisions shall 30 apply: 31 32 1. Lateral Candidates for open firefighter positions shall be eligible to have their prior firefighter- 33 EMT service considered in determining their grade, title, and pay step upon hire, provided that 34 the lateral transfer requirements are met. Such requirements shall be a minimum of one year of Page 106 of 126  MOA for Ratification, September 2, 2025 35 fulltime career fire service experience and the possession of NREMT EMT certification. Lateral 36 Candidates meeting or exceeding these requirements shall be eligible to have such service credit 37 applied upon hire as outlined in items 2 and 3. The Chief Engineer shall make the final 38 determination as to whether any Lateral Candidate’s prior experience meets the lateral transfer 39 requirements and shall not to be subject to appeal or CBA grievance process. 40 41 2. Lateral Candidates shall have their prior full-time firefighter-EMT experience assessed by a ratio 42 of one year of service credit for every full year of prior firefighter-EMT experience, up to a 43 maximum of six years of service credit upon entry. This formula will determine the Lateral 44 Candidate’s pay step upon entry to the according to the “New Employee Pay Scale” outlined in 45 Appendix B of the CBA, as well as the employee’s grade level and title according to Article 10.3 of 46 the CBA. Thereafter, a Lateral Hire shall advance through the “New Employee Pay Scale” and 47 grade level and title progression in accordance with Section 10.3. For example, a lateral candidate 48 receiving credit for (1) full year will start on NEPS Step 2, while a lateral candidate receiving the 49 maximum service credit of (6) years will start at NEPS Step 7. 50 51 3. A Lateral Hire shall be eligible to have their prior firefighter-EMT experience considered towards 52 the service credit necessary for promotion pursuant to Article 9. The prior firefighter-EMT 53 experience will be assessed by a ratio of one year of service credit for every two full years of prior 54 fulltime firefighter-EMT experience, up to a maximum of 3 years of service credit upon the review 55 and approval of the Chief Engineer. 56 4. Prior firefighter-EMT experience upon hire shall not be applied in consideration towards 57 calculation of seniority; accrual of vacation, sick, or any other earned leave time; service credit 58 towards the City’s pension system; or any other provision of the CBA or the City’s Comprehensive 59 Personnel Policy Manual. Such credit for such items shall be calculated from the employee’s date 60 of hire. 61 62 9.14 – additional language to existing article 63 In the case of non-mandatory training programs, employees will be compensated only for the actual 64 hours in class. Additionally, for courses that result in certification (AEMT, Fire Officer) (with the exception 65 for AEMT), employee will not receive compensation for hours in class until certification is obtained. For 66 employees attending the AEMT course, if the employee is unsuccessful in obtaining their certification Page 107 of 126  MOA for Ratification, September 2, 2025 67 and, as a result, their employment with the department is terminated, the Department shall be allowed 68 to recoup overtime compensation the employee received through unused benefits (holiday, vacation, sick 69 leave) of the employee. 70 ARTICLE X – RATES OF PAY 71 10.2 Covered employees who are on the City Fire Department payroll as of the date of execution of this 72 Agreement shall receive the following increases to their base pay, as shown on Appendix B: 73 Annual cost of living adjustments (COLAs): 74 Retroactive to July 1, 20252 for FY263 4%10% 75 Effective July 1, 20263 for FY274 7%5.75% 76 Effective July 1, 20274 for FY285 7%3.75% 77 78 Full article not written – capturing change to final paragraph of 10.4 79 10.4 Wages paid pursuant to APPENDIX B shall include compensation for EMT certification, and will be 80 considered earnings for purposes of determining average final compensation for retirement. The four 81 (4%) percent incentive paid for AEMT certification will not shall be considered earnings for purposes of 82 determining average final compensation for retirement. 83 84 10.5 Employees who maintain paramedic certification shall be compensated above their wages on 85 APPENDIX B by an amount equal to six (6%) percent in addition to the AEMT pay, with such incentive paid 86 on a weekly basis. Paramedic certification shall be voluntary, and the six (6%) percent paramedic pay will 87 not be considered earnings for purposes of determining average final compensation for retirement. 88 Upon ratification of this CBA, labor and management will meet to develop a preceptor program to better 89 facilitate training. When acting in a precepting capacity, a member will be paid on the following schedule. 90 0 to 12 hours - $50 91 12+ to 24 hours - $100 92 24+ to 36 hours - $150 93 36+ to 48 hours - $200 94 Outside students will be allowed to ride with a BFD preceptor from the hours of 8:00am to 4:00pm on 95 Monday through Friday, not to include holidays. This program will be in effect no later than December 31, 96 2025. The preceptor program will be evaluated by both sides six months after implementation and, again, 97 after one year. 98 Page 108 of 126  MOA for Ratification, September 2, 2025 99 10.5a Annual Retention Bonus 100 The parties will agree on an appropriate distribution system of annual retention bonuses based on 101 tenure, in a total dollar amount of $112,000 covering 84 members. 102 103 APPENDIX E 104 Retention Bonuses, as laid out in section 10.5a, will be paid out in accordance with the following chart, on 105 the anniversary of an employee’s respective employment with the City of Burlington, so long as they are 106 still a covered employee under the Collective Bargaining Agreement between the City and the Union at 107 the time of their anniversary date: Years of Service Retention Bonus Pay 22 Years or Greater $2,500 21 Years $10,000 18 Years $8,000 15 Years $7,000 12 Years $6,000 9 Years $5,000 6 Years $4,000 3 Years $3,000 108 109 The retention bonus payments made pursuant to this Agreement shall be added to eligible employee’s 110 next regular paycheck as reasonably practicable after the anniversary date of their employment with the 111 City. 112 With the exception of the “22 years or greater tier”, each retention bonus payout will be paid only on the 113 respective milestone anniversary date. The intervening years between each milestone anniversary, before 114 22 years, do not qualify for any retention bonus payout. Starting at 22 years of service, annually 115 thereafter, a covered employee shall be eligible for a $2,500 retention bonus payout. 116 The retention bonus payments shall be subject to all necessary taxes and withholdings as determined by 117 the City. Such sums are understood to be a gross amount and the Union understands and agrees that 118 actual amounts remitted to eligible employees will be on a net basis. 119 120 ARTICLE XI – HOURS OF WORK Page 109 of 126  MOA for Ratification, September 2, 2025 121 11.2 The BFD has fully switched over to the forty-eight/ninety-six (48/96) schedule. The Work Cycle will 122 consist of continuous cycles of twenty-one (21) twenty-eight (28) consecutive days. Employees will work 123 scheduled one hundred sixty-eight (168) hours during each twenty-one (21) day cycle on a schedule 124 providing twenty-four (24) forty-eight (48) consecutive hours of work followed by forty-eight (48) ninety- 125 six (96) consecutive hours off. The workday shall be a twenty-four (24) forty-eight (48) hour period 126 beginning at 7:30 a.m. each day on the first day of the shift. The Department will be responsible for all 127 record keeping with respect to cycle hours/pay. 128 129 It is understood that this schedule is not equally divided amongst work cycles and will instead result in 130 cycles where both two hundred and sixteen (216) hours and two hundred and forty (240) hours are 131 scheduled throughout the year. Cycle pay is defined as the wages paid to a member for hours worked in 132 excess of two hundred and twelve (212) in the twenty-eight (28) day cycle. Said wages will be paid at a 133 rate of one and one half times the employee’s regular wage, including the use of personal leave or 134 vacation leave during the twenty-eight (28) day cycle in lieu of actually working scheduled hours. All other 135 types of leave will be paid at an employee’s regular hourly wage. 136 ARTICLE XI – HOURS OF WORK 137 11.4a Shift to Shift Transfer Time Allocation 138 1. Voluntary Transfers: To facilitate the transition, employees who voluntarily transfer to a new 139 position or location will be granted one (1) transfer day, consisting of twenty-four (24) consecutive hours. 140 2. Mandated Transfers: Employees who are required to transfer due to an employee mandate 141 will be granted two (2) transfer shifts, totaling forty-eight (48) consecutive hours, to complete the 142 transition. 143 3. Scheduling: The transfer period shall commence at a time mutually agreed upon between the 144 employee and the employer, ensuring minimal disruption to operations while allowing adequate time for 145 relocation and adjustment. 146 4. Compensation and Leave: Transfer days are considered paid time and are not deducted from 147 the employee’s accrued leave balances. 148 149 ARTICLE XI – HOURS OF WORK 150 11.6 An employee called into work outside of a regularly scheduled shift shall be paid at time and one- 151 half the employee’s regular rate, for a period of not less than the following minimums: 152 153 Emergencies Hours 154 155 Respond to emergencies 4 hours 156 (i.e. 2nd alarm fires) 157 158 Testify in Court or legal proceedings 2 hours Page 110 of 126  MOA for Ratification, September 2, 2025 159 (except employee’s own disciplinary 160 proceedings) or for other purposes. 161 For this purpose, an employee shall 162 be considered to have testified if 163 the employee arrives at the place of testimony 164 at the time of a scheduled appearance, 165 or, in the event that an employee 166 receives less than two (2) hours 167 advance notice of the cancellation 168 of a scheduled appearance. 169 170 Departmental committee meetings No minimum 171 172 An employee who is held over after a shift shall be paid for a minimum of one one-half (1/2) hour. 173 174 175 176 11.7 All unscheduled overtime shall be distributed and rotated equally as far as is reasonably practicable 177 among qualified employees first by voluntary canvass in order of seniority, starting where the last canvass 178 stopped, but excluding from the canvass those who are not qualified to perform the duties needed, and 179 proceeding until a volunteer is found or until the list is exhausted. The details of any such system shall be 180 agreed upon by the union and the fire department administration. Any overtime hiring that occurs after 181 shift change shall be filled with a member to fill the same position as the member who created the 182 vacancy. For instance, if a firefighter creates a vacancy, a firefighter will be hired to fill the vacancy, and 183 an officer shall be hired to fill a vacancy created by an officer. In the event a full canvass of the list fails to 184 produce the needed personnel on any occasion, mandatory call-in shall be used in inverse seniority, but 185 excluding any employees who are on authorized leave, swap, and/or approved training time, or who have 186 already been ordered in on a mandatory call-in once during a rotation through the roster. Leave time, 187 excluding training leave, is inclusive of the approved shift off as well as the two days prior and two days 188 after said shift. If less than 24 but more than or equal to 12 hours of approved leave are being used, only 189 the two days adjacent to the approved leave are protected. Leave time less than 12 hours does not count 190 as protective leave time. Members completing clinical ride time, and who are riding with a preceptor, will 191 be ineligible to be ordered in for the hours of their scheduled ride time and the twelve (12) hours 192 immediately following it. However, in the event of an emergency event requiring recall, including but not 193 limited to a multiple alarm fire, mass casualty, or similar type of event, these members may be required 194 to respond in a firefighting/EMT capacity. In such cases, their recall shall be limited to the duration 195 necessary to effectively manage the incident. The City shall maintain a log, open to the Union for Page 111 of 126  MOA for Ratification, September 2, 2025 196 inspection at any time, showing the date and time of each members last date and time hired, the date 197 and time they were hired for, and whether the overtime was voluntary or mandatory. 198 199 11.10 The Department agrees to maintain a minimum staffing level in operations of twenty-two (22) 200 employees per shift. When staffing levels exceed twenty-two (22), the Department shall first assign such 201 additional personnel to companies, where two (2) personnel are otherwise assigned. The City of 202 Burlington and the Union agree to the tenets of safe staffing and are actively moving towards increasing 203 the number of personnel assigned to each apparatus over the next three years. 204 • FY26 – no new firefighter positions will be created 205 • FY27 - Effective July 1, 2026 the Department shall create and hire two (2) new firefighter 206 positions 207 • FY28 - Effective July 1, 2027 the Department shall create and hire two (2) new firefighter 208 positions 209 210 For the purpose of this section, the term “employees” includes Battalion Chiefs and Deputy Chiefs 211 (serving in the role of shift commander only), as well as any probationary employee who has successfully 212 completed their basic training requirements. Such basic training requirement shall consist of those 213 mutually agreed upon by the fire chief or designee and the union. 214 215 The Department shall maintain create the position of Cover Officer for all employees currently on the 216 Lieutenant promotional list as of July 1, 2025. Once all employees on the promotional list as of July 1, 217 2025 have promoted or the lieutenant’s promotional list as of July 1, 2025 expires, the Cover Officer 218 position shall be eliminated through attrition. Members promoted to the rank of Lieutenant, who are 219 filling the cover officer role will retain their rank. Through attrition, the department will return to the 220 practice of assigning (4) lieutenants per shift. upon execution of a new CBA and The Department shall 221 assign one member to the cover officer position per shift. This shall be a floating Lieutenant position 222 which will fill in as needed throughout the City. This position shall be included in the minimum staffing 223 number above. Any vacancy in this position shall not trigger the requirements of Section 10.6 of this 224 agreement. 225 226 11.12 Upon ratification of this Agreement, and if the BFFA indicates a desire to proceed by December 1, 227 2022, the parties agree to adopt a 48/96 schedule. Such trial period would begin with the start of the 228 vacation schedule that is picked in January 2023. The parties will meet to work out the details of such 229 plans, including potentially a change to the start of the shift time and the division of day and night tours. 230 The parties will meet to evaluate the success of the new schedule every three months. The plan will be 231 to continue the trial period for one year. But, after at least six months of the new schedule, either party 232 has the right to end the 48/96 schedule by providing a good, business- related reason. If either party 233 ends the 48/96 schedule, the parties will meet to determine the best time for the transition back to the 234 terms in place prior to the trial period. Page 112 of 126  MOA for Ratification, September 2, 2025 235 236 ARTICLE XII – HOLIDAYS 237 12.4 Employees who are eligible for holidays shall be compensated as follows: 238 a) For twelve (12) holidays per fiscal year, compensation shall, at the employee’s option, be 239 either an additional sum in the amount of one-fifththird (1/3) the employee’s weekly rate (one-half for 240 Christmas Day), or an additional day off. Holiday days elected as days off may be taken in twelve (12) hour 241 segments. 242 243 12.5 An employee’s name will be placed on a calendar requesting a day off for the use of holiday 244 time, compensatory time, and one (1) day vacation time. This may be done up to three (3) months twelve 245 (12) weeks in advance of the requested day shift. Up to four (4) weeks prior to the day, three (3) 246 guaranteed slots shall be given to those signing up for vacations of one week or more rather than holiday 247 time, compensatory time, or one (1) day vacation time. If no employee, or only one or two employees 248 have signed up for vacation time, then the employee whose name is on the calendar for holiday time, 249 compensatory time, or one (1) day vacation time shall be guaranteed the day. Under no circumstances 250 shall more than three (3) employees per shift be granted leave for either vacation, holiday, or 251 compensatory time, or one (1) day vacation time, with one (1) additional employee being eligible for one 252 (1) day leave time only if minimum staffing levels can be maintained, at the commencement of the given 253 shift, for a maximum total of four (4) employees per shift approved for leave. except that, beyond the 254 three (3) slots, holiday time, compensatory time or one (1) day vacation time may be granted provided 255 minimum manning is met at the commencement of the given shift, and provided further, that these 256 Requests for such single day leave time off must be made not later than twelve (12) hours prior to the 257 start of the shift. Members are permitted to submit for and be awarded consecutive days off on a “first 258 come—first served” basis, utilizing their leave time. 259 260 ARTICLE XIV – SICK LEAVE 261 BONUS FOR NON-USE OF SICK LEAVE 262 14.4 Employees who use no sick leave in a quarter of a fiscal year and continue to use no 263 sick leave in following quarters, shall be paid a bonus, which shall be calculated according to the 264 following schedule: 265 I. First full quarter of employment - $50.00 266 2. Next Quarter - $75.00 Page 113 of 126  MOA for Ratification, September 2, 2025 267 3. Next Quarter- $100.00 268 4. Next Quarter-$125.00 269 5. Successive Quarters - $150.00 270 271 14.5 Use of sick leave in a quarter shall result in a reduction of the sick leave bonus 272 for that quarter according to the following schedule: 273 1. One day of sick leave used in a quarter, quarterly bonus for that quarter decreases 274 by $25.00 from amount received in previous quarter; 275 2. Two days of sick leave used in a quarter, quarterly bonus for that quarter 276 decreases by $50.00 from amount received in previous quarter; 277 3. Three days of sick leave used in a quarter, quarterly bonus for that quarter 278 decreases by $75.00 from amount received in previous quarter; 279 4. More than three days of sick leave used in a quarter, quarterly bonus for that 280 quarter is zero. 281 14.6 Employees who use sick leave and have their bonus reduced shall proceed each 282 quarter through the schedule as set forth in paragraph 14.5. As an example, an employee who 283 had progressed to the point of having received a $100.00 bonus the previous quarter and who 284 uses two days of sick leave in the current quarter shall be paid a bonus of $50.00 for that quarter, 285 and shall be eligible for a $7 5. 00 bonus the following quarter, etc. The use of not more than 2 286 hours of sick leave per quarter for doctor's appointments shall not count as non-work hours for 287 purposes of eligibility for cycle pay for those otherwise eligible. 288 Wellness Bonus 289 Each employee (even those who do not receive their health benefits through the City and have accepted a 290 cashout) will be eligible for up to $400.00 per fiscal year as a wellness bonus. Wellness bonuses are available 291 if an employee provides proof of participation through our medical providers web portal in the following 292 wellness activities in the amounts stated: 293 i) Annual physical examination with primary care physician or physician’s assistant--$100. 294 ii) Annual or semi-annual dental examination (cleaning) with dentist or dental assistant--$100. 295 iii) Completion of annual online risk assessment by the stated deadline--$100.00. Deadline will be 296 identified each year no less than three months after start of fiscal year. 297 iv) Participation in a list of approved wellness activities designated by Human Resources--$50.00 298 each for up to total of $100.00. For purpose of example only, these activities may include: proof Page 114 of 126  MOA for Ratification, September 2, 2025 299 of health club or gym membership, proof of enrollment in a weight management program, proof 300 of completion of a smoking cessation program, proof of completion of any of the preventative care 301 screenings included in the City’s health plan, such as mammogram, annual gynecological exam, 302 colonoscopy, prostate exam, or proof of participation in any of the offerings included in the City’s 303 EAP program. 304 e. Proof of participation means a statement or receipt from a health care provider to the 305 employee’s insurance carrier for services provided or a receipt for payment to a wellness 306 provider such as a health club or a sworn statement signed by a provider that the employee 307 attended at least 80% of the sessions in a wellness program. Employees may be asked to submit 308 the proof of participation to Human Resources; the City’s medical administrator will provide a list 309 of approved activities to the City’s payroll department or provider on a monthly basis. Payment 310 will be made to the employee at the next payroll following receipt of the administrator’s list 311 Additionally, each fiscal year BFFA members will be eligible to receive additional wellness bonuses for 312 completing a physical ability assessment, a physical fitness assessment, and a targeted behavioral health 313 screening. The union and administration will meet and agree to determine the standard that members 314 will need to meet to receive the bonus as well as how the assessments or screenings shall be 315 administered and how proof will be recorded. Members shall be entitled to an additional $200.00 dollars 316 for each additional assessment or screening they complete. The assessments and screenings shall not be 317 used to remove a member from duty, unless the member displays an imminent threat to the physical 318 safety of self or others. 319 320 Payment will be made to the employee at the next payroll following receipt of the administrator’s list. 321 322 ARTICLE XV – OTHER LEAVE 323 BEREAVEMENT LEAVE 324 15.6 The purpose of bereavement leave is to enable employees to take care of personal 325 arrangements and problems caused by death of an immediate member of their family and to relieve 326 them of the concern over loss of earnings on the regularly scheduled work days within 30 days, unless 327 otherwise approved by the Fire Chief or their designee, following the death. If a 328 death and/or funeral occurs during the employee's vacation, additional vacation days to make up for 329 those used for bereavement leave will be granted. Page 115 of 126  MOA for Ratification, September 2, 2025 330 15.7 Upon the death of an employee's spouse, domestic partner, or child, including an 331 adoptive or step-child, the employee may request and the Chief will grant bereavement leave of up to 332 ten ( l 0) calendar days within 30 days, unless otherwise approved by the Fire Chief or their designee 333 following such death without loss of pay. 334 15.8 Upon the death of an employee's parent, the employee may request and the Chief will 335 grant bereavement leave of up to five (5) calendar days within 30 days, unless otherwise approved by 336 the Fire Chief or their designee following such death without loss of pay. 337 15.9 Upon the death of an employee's stepmother, stepfather, foster mother, foster father, 338 father-in-law, mother-in-law, grandmother, grandfather, sister, brother, step-child or other relative 339 living in the same household, the employee may request and the Chief will grant bereavement leave of 340 up to three (3) calendar days with 30 days, unless otherwise approved by the Fire Chief or their 341 designee following such death without loss of pay. 342 15.l 0 Upon the death of an employee's aunt, uncle, cousin, brother-in-law, or sister-in 343 law, the employee may request and the Chief will grant bereavement leave of one (1) calendar day within 344 30 days, unless otherwise approved by the Fire Chief or their designee following such death without loss 345 of pay. 346 15.11 An employee, in addition to the above-defined leave, may utilize vacation and/or sick 347 leave to supplement bereavement leave with prior approval from the Chief or their designee. 348 349 15.13 An employee may elect to use accrued sick leave in an amount not to exceed seven (7) calendar 350 days for paternity leave or adoption leave as a result of adoption of a child, or of spouse’s miscarriage or 351 childbirth. Notwithstanding paragraph 14.5, use of this paternity or adoption leave shall not affect the 352 employee’s rights, if any, under paragraph 14.4 to bonus for non-use of sick leave. 353 354 355 356 357 ARTICLE XV – OTHER LEAVE 358 MILITARY LEAVE – 359 15 .15 Any regular employee who has completed the probationary period shall be 360 entitled to military leave as herein provided: Page 116 of 126  MOA for Ratification, September 2, 2025 361 (a) Military leave shall be due whenever an employee: initially enlists, is inducted, or is 362 called to active duty in the Armed Services, Reserves, or National Guard; voluntarily enters active 363 duty in the Reserves of National Guard; or, is ordered to or enters an initial period of active duty 364 for training of not less than twelve consecutive weeks as a member of the Reserves of 365 National Guard. 366 (b) Restoration - An employee is entitled to restoration to the employee's 367 former position provided the employee: makes application for restoration to the City 368 within ninety (90) days of completed service, or from service-connected hospitalization of a 369 period of not more than one (I) year; shows certification of (satisfactory) military service, 370 and is still qualified to perform the duties of the position. Restoration shall entitle the 371 employee to former position or status within the City, or to such position of like seniority, 372 status, and pay, unless the City's circumstances have so changed as to make it impossible 373 or unreasonable to do so. The City is not required to create an unneeded position or to 374 bump a current employee to restore another employee returning from military leave. 375 (c) Disposition of Sick and Vacation Leave - Employees entitled to military leave 376 shall be paid for any accrued vacation leave as they may be entitled if they were separating 377 from City service. Employees returning to City duty under restoration shall have unused 378 sick leave credits restored for their use. 379 ( d) Military Reserve Training or National Guard Service --A regular employee 380 who has completed the probationary period and who is a member of the National Guard 381 or any reserve component of the United States Armed Forces, will be allowed leave of 382 absence for official training or duty in accordance with State and Federal law. 383 Compensation for this period of military leave shall be limited to a maximum of twelve (12) 384 weeks and shall be computed on the basis of the difference between military base pay 385 received and the amount designated as the straight weekly salary for the position of the 386 employee. A copy of the military pay voucher leave and earnings statement shall be 387 submitted prior to authorization for payment to the employee for the period of leave. 388 Such military training leave shall not be deducted from vacation time. 389 (e) Military Reserve or National Guard members who have completed probation will be 390 awarded one hundred and twenty (120) hours of paid Military Training leave each calendar year to Page 117 of 126  MOA for Ratification, September 2, 2025 391 be used for routine training drills and sessions. Military Training Leave will be paid at the member’s 392 normal compensation rate to include longevity pay and certification pay. Military Training Leave 393 will be paid in the pay period for which it is used. This leave will not compound, and unused hours 394 will not roll over at the end of the calendar year. 395 (fe) Federal Pre-emption-Applicable Federal laws under 38 U.S.C.A. §§2021, 2024 396 shall pre-empt and control in the event of any conflict between those laws and these policies 397 New article to be added to OTHER LEAVE 398 USAR LEAVE 399 15.18 Members who have completed probation and are members in good standing with the State of 400 Vermont’s Urban Search and Rescue (USAR) Team will be awarded ninety-six (96) hours of paid USAR 401 leave each calendar year to be used for either in-state or out-of-state deployments. USAR leave will be 402 paid at the member’s normal compensation rate to include longevity pay and certification pay. USAR 403 leave will be paid in the pay period for which it is used. USAR leave will not compound, and unused 404 hours will not roll over at the end of the calendar year. USAR leave will not be used to attend regularly 405 scheduled trainings. 406 407 ARTICLE XVI – EMPLOYEE BENEFITS 408 16.3 The City is currently self-insured for health insurance with a third-party administrator that handles 409 review and payment of claims, in accordance with the current plan design. with benefits as described in 410 the materials attached as APPENDIX C, with the new prescription changes effective as soon after January 411 1, 2019, as they can be implemented expected date May 1, 2019. 412 The City may alter the sponsorship carrier of the health care plan as the benefits and employee 413 contributions are substantially equivalent to those outlined in this section and APPENDIX C on the City 414 web page.. 415 APPENDIX C 416 417 16.4 Eligible employees shall contribute a set percentage of the total cost of the City’s Health Fund 418 Budget (Fund 150) (“the total cost of healthcare benefits”) their selected health insurance plan by 419 withholding of a percentage of their wages, said contribution to be made on a pre-tax basis, based on 420 the following schedule: 421 422 For the time period inclusive of July 1, 2025 through December 31, 2025: Page 118 of 126  MOA for Ratification, September 2, 2025 423 20% of the total cost of healthcare benefits, based on the existing practice of a flat percentage 424 of employee wages, except that the individual employee contribution will be no more than 6.5% of each 425 employee’s wages. 426 If at the end of each fiscal year, the total contractual contribution made by all employees 427 exceeds 20%, the overage will be credited to the total employee contribution in the following fiscal year, 428 thus reducing the percentage of wages required from employee that next FY. 429 430 Effective January 1, 2026: 431 432 Employees shall contribute 20% of the total cost of selected healthcare benefit tier provided that the 433 individual employee contribution shall not exceed 6.5% of the employee’s wages. Employee’s 20% 434 contribution for the healthcare benefit costs shall be based on the applicable total premium tier for each 435 employee. Premium rates shall be calculated annually by the City’s benefit plan advisor based on plan 436 renewal information and updated accordingly each fiscal year. 437 438 Effective January 1, 2026, the total premium per employee shall be as follows: 439 440 Single coverage: $949.03/month 441 Single + 1 coverage: $1,803.16/month 442 Family coverage: $2,657.29/month 443 444 These rates may change for FY27 and FY28 as advised by the City’s benefit plan advisor based on plan 445 renewal information. 446 447 If at the end of each fiscal year, the total contractual contribution made by all employees exceeds 20%, 448 the overage will be credited to the total employee contribution in the following fiscal year, thus reducing 449 the percentage of wages required from employee that next FY. 450 451 16.4 A Joint-Labor Management Healthcare Committee shall be formed and maintained. The Labor 452 Management Healthcare Committee shall meet at a minimum, quarterly to review the financial state of 453 City provided health, vision and dental insurance plans as well as to review, an influence, potential 454 changes to plan coverage to ensure continuity, financial viability, and comparability of coverage. Page 119 of 126  MOA for Ratification, September 2, 2025 455 Members of this committee shall be provided necessary financial documents prior to each meeting to 456 include an updated disruption report, prescription formularies, plan expenses and costs. Each year, 457 members of this committee will also be given a copy of the Annual Comprehensive Financial Report for 458 the health insurance, vision and dental insurance plans. 459 460 The following articles, 16.4 through 16.19, will be re-numbered due to the insertion of the above 16.4 461 new article 462 463 16.8 which will now read as 16.9 in the CBA 464 16.89 An employee who has available from another source basic medical, 465 hospitalization, surgical insurance and major medical coverage shall have the option of 466 dropping coverage under the City's health insurance program and receiving in lieu thereof a 467 cash payment in the amount of eight hundred o n e t h o u s a n d dollars ($81,000.00). To 468 receive the cash payment, an employee must not be receiving health insurance coverage 469 through the City of Burlington. An employee exercising this option must furnish to the City 470 proof of alternative adequate health insurance coverage. This election must be made by the 471 employee annually on a form to be provided by the City. The form will contain a disclosure 472 warning the employee of the risks of dropping the City's health insurance program in favor of 473 the cash-out option. If the employee has a spouse covered under the City's health insurance 474 program, the employee may not elect this cash-out option unless the employee's spouse signs 475 and delivers to the City a written consent thereto. If the employee is under a legal obligation 476 to provide health insurance through the program for the benefit of children or a former spouse 477 pursuant to a court order or otherwise, the employee may not e!ect this cash-out option 478 without the consent of the court, former spouse and/or guardian of the children. The City will 479 make available to all bargaining unit employees an individual knowledgeable about health 480 insurance benefits to counsel and advise those employees interested in electing this cash-out 481 option. Any employee who has elected this cash-out option may cancel the employee's 482 election if the alternative coverage from the other source should become unavailable to that 483 employee at any time. The cash payment called for under this option shall be payable by the 484 City to the employee in monthly w e e k l y installments. 485 DENTAL INSURANCE 486 16.10 which will now read as 16.11 in the CBA Page 120 of 126  MOA for Ratification, September 2, 2025 487 16.10 City shall provide dental coverage for all employees as part of its health coverage. New employees 488 become eligible on the first of the month following their date of hire. a minimum of thirty (30) days of 489 continuous employment. 490 16.11 which will now read as 16.12 in the CBA 491 16.112 The benefits shall be provided through a self-insured plan or under a group insurance policy or 492 policies by an insurance company or insurance companies selected by the City, with benefits substantially 493 equivalent to those outlined on the City Human Resources web page. the same as those in APPENDIX C. 494 495 16.12 which will now read as 16.13 in the CBA 496 16.132 The City shall keep in effect a Retirement Ordinance throughout the duration of this 497 Agreement. The benefit levels provided therein shall remain unchanged from those that existed on 498 June 30, 1991, except as follows: 499 1. Employees shall contribute to the Burlington Employees Retirement System (BERS) a 500 percentage of their annual salary. The total Class A contribution required from both the City (the 501 Actuarially Determined Employers Contribution (ADEC)) and the employee will be based on the 502 annual system valuation prepared by the City's actuaries. 503 All Class A City employees as defined by Burlington City Ordinance Chapter 24 shall contribute 504 30% (and the City 70%) of the total required Class A contribution. 505 Per employee cost of the total 30% Class A employee share shall be calculated based on each 506 employee’s individual wages. Notwithstanding, the individual employee contribution will be no more 507 than 14% of an employee's wages. 508 The City’s 70% share shall be prorated across departments employing Class A members (e.g., Fire and 509 Police) based on the total wages of Class A employees in each department to ensure that 100% 510 contributions are made regardless of the cap on individual employee contributions. 511 512 ARTICLE XVI – EMPLOYEE BENEFITS Page 121 of 126  MOA for Ratification, September 2, 2025 513 (new) 16.20 Deferred Retirement Options Plan (DROP) 514 Members who attain 25 years of credited service with the City of Burlington and are eligible to 515 otherwise retire may elect to enroll in the City of Burlington’s Deferred Retirement Option Plan (DROP). 516 The purpose of the DROP is to ensure that trained and experienced members of the Department are 517 afforded the chance to continue serving the City and the BFD while ensuring financial stability upon 518 normal retirement. 519 520 Eligibility and Entering the DROP: 521 To be eligible for participation in the DROP, a member must have 25 years of credited service with the 522 City of Burlington and be otherwise eligible to retire in accordance with their pension plan. The DROP 523 cannot supersede any other negotiated and agreed upon mandatory retirement ages. 524 525 At least thirty days prior to entering the DROP, a member must, in writing, request to enter the DROP 526 and state how many additional years they intend to continue to work for the City, which shall not be 527 longer than seven years. The member will be expected to work the stated number of years, except in 528 the event of a significant life change such as a career ending disability or other circumstances outside of 529 the member’s control. 530 531 Contributions: 532 While in the DROP, the member will no longer make weekly contributions to the Burlington Employees 533 Retirement System (BERS) pension fund. Their calculated monthly pension payment will remain frozen in 534 the BERS pension fund, earmarked for the member upon their separation with the City at the conclusion 535 of their participation in the DROP. 536 537 Rate of Return: 538 The agreed upon annual rate of return for contributions made to the DROP account will be 40% of the 539 Assumed Rate of Return as calculated by the BERS Pension Board. 540 541 Other Benefits: 542 Enrollment in the DROP will not affect any other benefits afforded under this CBA and the member will 543 continue to pay premium contributions as outlined in this CBA. 544 Page 122 of 126  MOA for Ratification, September 2, 2025 545 Separation from the City: 546 Upon reaching the end of the stated years committed in the initial DROP request, members will separate 547 from the city and officially retire, collecting all contractually agreed upon retirement benefits and 548 pension payments. At the time of separation, the full amount of DROP contributions and interest 549 earned will no longer be frozen in the BERS pension fund and will be either directly rolled over to a 550 qualified retirement account or dispersed in a manner agreed upon by the member and the City not to 551 exceed the length of time the member was in the DROP. 552 553 If the member leaves employment prior to completing the stated number of years for reasons outside of 554 the member’s control, the member shall receive the full amount of DROP contributions and interest 555 earned, which will be paid to the member within two (2) weeks of the separation date. 556 557 If the member voluntarily leaves employment prior to completed the stated number of years for reasons 558 within the member’s control, the member shall receive the full amount of DROP contributions but shall 559 not receive any interest. The contributions will be paid to the member within two (2) weeks of the 560 separation date. 561 562 19.8 to be removed from the CBA 563 19.8 No employee shall be a member of or engage in fire suppression activities or 564 provide emergency care services with any other paid or voluntary fire department or fire 565 suppression agency. This will not prevent any employee from providing consulting and/or 566 training services to other departments from time to time. Neither will this restrict the 567 military reserve or National Guard service of any employee. 568 569 ARTICLE XX – UNIFORMS AND EQUIPMENT 570 (New to the CBA) 571 20.7 Global Position System Utilization 572 1. The City may use Automatic Vehicle Location, telematics, and Global Position System (GPS) and any 573 evolution of these technologies for operational and programmatic purposes on certain City vehicles. 574 2. Monitoring of employees will be limited to legitimate operational/business purposes. 575 3. City will provide notice to affected employees of automatic vehicle location systems in their City 576 vehicles. Employees will acknowledge receipt of this notice in writing. Page 123 of 126  MOA for Ratification, September 2, 2025 577 4. The City will provide forty-five (45) days’ notice to BFFA of its intent to utilize any new technology, 578 not identified above, that may impact terms and conditions of employment. BFFA may, during this 579 forty-five (45) day period, request to engage in bargaining over the impact of the City’s decision. 580 581 Management may not proactively monitor the GPS locations of employees for disciplinary purposes. 582 583 Remove MEMORANDUM OF UNDERSTANDING – PENSIONS – DROP, section 16.20 was created 584 585 ARTICLE XXIII – EMPLOYEE DUTIES 586 23.2 Not more than twelve (12) six (6) employees shall at any one time be assigned Air Pack Maintenance 587 Technician duties. These employees will be responsible for maintaining Air Pack systems in good working 588 order, in addition to their regular duties. These employees shall be compensated with stipend pay of 589 $25.00 $50.00 per week, retroactive to July 1, 2018.. 590 591 Not more than two (2) employees shall at any one time be assigned Mechanic duties. These employees 592 will be responsible for the routine maintenance and repairs of equipment in Fire Department vehicles and 593 assuring that this equipment is kept in good working order, in addition to their regular duties. These 594 employees shall be compensated with stipend pay of $40.00 $50.00 per week, starting in the workweek 595 following execution of this Agreement, Stipend pay shall not be counted in the determination of average 596 final compensation for retirement or for any other purpose except as required by law. 597 598 Not more than one (1) employee shall, at any one time, be assigned Social Media Coordinator duties. This 599 employee will be responsible for maintaining and promoting the Department’s social media presence in 600 accordance with the published job description, utilizing Department devices. This employee shall be 601 compensated with stipend pay of $90.00 per week, starting in the workweek following execution of this 602 Agreement. Stipend pay shall not be counted in the determination of average final compensation for 603 retirement or for any other purpose, except as required by law 604 605 Not more than eight (8) employees shall, at any one time, be assigned to the Peer Support Team. These 606 employees will be responsible for developing and maintaining the Peer Support Team and acting as the 607 first line of contact for members facing mental health needs in accordance with published job description. 608 These employees will not receive a weekly stipend but will be eligible to submit for up to a maximum of Page 124 of 126  MOA for Ratification, September 2, 2025 609 eight (8) hours a day of overtime when acting in their role as peer supporters or if on duty, and leave is 610 required to fulfill this need, paid leave time will be awarded utilizing On Duty Administrative Leave 100-A. 611 Compensation for this role shall not be counted in the determination of average final compensation for 612 retirement or for any other purpose, except as required by law. 613 614 Appendix B 615 Existing New Employee Pay Chart: 616 Agreed upon change is to eliminate the Probation and Steps 1 through 15 annual salaries and move to 617 Steps 1 through 16 annual salaries as outlined in the below chart. Wage Schedule New Staff Wage Schedule New Staff Wage Schedule New Staff FY 26 - 4% COLA FY 27 - 7% COLA FY 28 - 7% COLA 1 $ 63,136.46 1 $ 67,556.02 1 $ 72,284.94 2 $ 66,293.29 2 $ 70,933.82 2 $ 75,899.18 3 $ 69,607.95 3 $ 74,480.51 3 $ 79,694.14 4 $ 72,740.31 4 $ 77,832.13 4 $ 83,280.38 5 $ 74,922.52 5 $ 80,167.09 5 $ 85,778.79 6 $ 77,170.19 6 $ 82,572.11 6 $ 88,352.15 7 $ 79,485.30 7 $ 85,049.27 7 $ 91,002.72 8 $ 80,280.15 8 $ 85,899.76 8 $ 91,912.75 9 $ 81,082.95 9 $ 86,758.76 9 $ 92,831.87 10 $ 81,893.78 10 $ 87,626.35 10 $ 93,760.19 11 $ 82,712.72 11 $ 88,502.61 11 $ 94,697.79 12 $ 83,539.85 12 $ 89,387.64 12 $ 95,644.77 13 $ 84,375.25 13 $ 90,281.51 13 $ 96,601.22 14 $ 85,219.00 14 $ 91,184.33 14 $ 97,567.23 15 $ 86,071.19 15 $ 92,096.17 15 $ 98,542.90 16 $ 88,369.29 16 $ 94,555.14 16 $ 101,174.00 618 619 APPENDIX C – WILL replace SUMMARY OF HEALTHCARE BENEFITS with Lateral Hiring Program 620 APPENDIX C – 621 In recognition of the prior experience of eligible employees employed before the effective date of the 622 Lateral Hiring Program as in Article 9.11e, the Parties agree that as of the effective date of this 623 Agreement, the following employees have been moved to an appropriate step and been given credit 624 toward the length of service (”LOS”) component relative to promotional opportunity, according to the 625 following bands or tiers of eligibility: 626 Band 1: 1-4 years prior experience Step Increase & LOS Credit: 1 627 Band 2: 5+ years of experience Step Increase & LOS Credit: 2 Page 125 of 126  MOA for Ratification, September 2, 2025 628 Memorialized are the step increases and service credits given to currently employed members who would 629 have otherwise qualified for such a Lateral Hire Program: 630 1. Frank Rice, 4/1/2019 (1 Step Increase and 1 L.O.S. Credit) 631 2. Ben Shaw, 10/5/2020 (2 Step Increases and 2 L.O.S. Credits) 632 3. Jason S Smith, 10/5/2020 (1 Step Increase and 1 L.O.S. Credit) 633 4. Brian Bettencourt, 3/15/2021 (1 Step Increase and 1 L.O.S. Credit) 634 5. Robert Stratton, 3/15/2021 (1 Step Increase and 1 L.O.S. Credit) 635 6. Brett Sparks, 9/27/2021 (2 Step Increases and 2 L.O.S. Credits) 636 7. Ian McCormick, 4/4/2022 (1 Step Increase and 1 L.O.S. Credit) 637 8. Alec Johnson, 12/12/2022 (1 Step Increase and 1 L.O.S. Credit) 638 9. Randy Marshall, 5/28/2024 (1 Step Increase and 1 L.O.S. Credit) 639 640 641 642 643 Page 126 of 126