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analysis. EPS will conduct up to four sensitivity runs, based on criteria established based on the City's input. Task 4 : Policy Considerations and Long-Term Funding Strategies (optional ) In addition to assessment of fiscal impacts by land use described in Task 3, EPS will provide broader funding strategies and considerations for future policy formation in the context of the City's existing financial and budgetary structure. While new facilities and services have been historically financed in part through new growth, the rate of growth is likely to decrease in the future as the City is approaching buildout. In this task, EPS will integrate its research findings to establish a broad range of sustainability principles for continued provision of a high service level after buildout. These recommendations will be designed to inform improvement to the City's existing fiscal and economic policies based on the fiscal findings. The City already has a set of policies in place, such as an emphasis on building reserves while minimizing the use of debt. Additional considerations may include review of formalized institutionalized method for setting aside money for ongoing maintenance and alternative financing mechanisms to replace development impact fees that will likely decrease as the City approaches buildout. Meetings and Deliverables EPS is available to attend meetings with City staff and make presentation to Council, as necessary. The budget estimate assumes attendance of three (3) meetings/presentations; however, the budget can be adjusted as necessary to accommodate more meetings. EPS will prepare a draft fiscal impact report (with potential policy considerations and long-term funding strategies) summarizing results, and documenting key assumptions and methodology. Interim work products and memoranda will be produced in response to issues as they arise, and to provide preliminary results for planning purposes. EPS will finalize the technical report upon one round of feedback from the City staff. Timeline It is understood that the analysis will need to be presented to the Council in final form in spring 2013. EPS can begin this work immediately and can complete a Draft Technical Report summarizing results within ten weeks of authorization to proceed (see Exhibit B). The Final Technical Report can be produced within a week of obtaining comments on the Draft Report. This schedule may be revised to meet specific client needs and depends on the availability of key participants. The scope of work includes report preparation and up to three meetings to discuss project initiation, fiscal impact preliminary findings, and the Final Technical Report. 4 U:IFIscal Impact ReportlExhlblt A to Cont2R.0oc