Funding Strategies Clause Samples

Funding Strategies. All Parties contemplate working together on a potential funding strategy for Projects contemplated by this MOU. The Parties contemplate exploring opportunities for Team contribution, private equity, public private partnerships, and other private and public funding sources including the venue tax identified above. The Parties will work to develop a framework that does not include property taxes (with the exception of property taxes within a Tax Increment Reinvestment Zone), or general funds from either the County or the City.

Funding Strategies. The consultant will address funding needs throughout the project to build consensus in small increments and allow the funding ideas to both inform and respond to other elements of the project. Task 10 includes four steps: (1) a funding strategy coordination meeting and memorandum (2) initial funding assessment for the MTP update, (3) refined funding assessment and initial funding plan for the TSP update, and (4) final funding plans. These steps will result in an updated finance chapter of the MTP and a detailed analysis and funding strategy for the Bend TSP. Task 10 will be coordinated with the City’s Transportation System Development Charge (TSDC) Update process. Consultant will organize and participate in a meeting (or meetings – one day trip) in Bend to coordinate the Funding Strategy. This meeting will address coordination with the City’s TSDC process, current practices and desired new funding tools anticipated by City management, approaches to working with funding partners such as ODOT, timing of data to use for the Funding Plan, and evaluation methodologies under consideration by the Consultant. Key points and direction from the meetings will be summarized in a memorandum. The initial funding assessment is part of the MTP update and will result in a high-level analysis of infrastructure costs, expected revenues from existing funding sources (including transit revenue sources), and a comparison of operations and maintenance (O&M) and capital costs and expected revenues. The foundation of the initial funding assessment is the project list and associated cost estimates for the MTP (based primarily on existing cost estimate information), including fiscally-constrained projects, identified in Task 5. The initial funding assessment will project revenues from existing sources for O&M (i.e., the State Highway Fund, General Fund, Garbage and Franchise Fees, HB 2017, and other sources) and Capital projects (i.e., System Development Charges, Statewide Transportation Improvement Program, Franchise Fees, general obligation bonds, and other sources). The projections will be based on historical trends, consultation with the City Finance Department and Cascades East Transit (CET), and development outputs from previous Envision modeling (for SDC revenues). The initial funding assessment will also determine the city’s cost-share with ODOT for the state system. This scope assumes consultant participation in up to two Work Group meetings with ODOT staff. The product of ...

Funding Strategies. ‌ The initial State Cooperative Agreement Strategic Plan identified a set of funding strategies including partner funding and ongoing subscription and transaction fees. The plan to develop a Sustainability Plan will review these strategies and ensure that there is alignment between the funding strategies, the HIE functionality and the participants’ ability to support the fee structures. While the funding strategies described in the initial Strategic Plan are expected to be validated, the Sustainability Plan resulting from the expanded effort will contain additional detail in addition to renewed commitment from the stakeholder groups.