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Page 6 of 9 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org Table 1: Stormwater Master Plan Cost Estimate Stormwater Master Plan Elements Cost Estimate Range Shoreline Infrastructure $20,000 to $40,000 Identifying and Prioritizing Capital Improvement Projects $60,000 to $80,000 Cost Estimate $10,000 to $20,000 Public Outreach $30,000 to $50,000 Funding Feasibility Study $50,000 to $100,000 Operations & Maintenance Assessment $40,000 to $60,000 Developing the Master Plan $40,000 to $50,000 Conceptual Designs $50,000 to $100,000 Total Individual Costs $1,400,000 to $2,600,000 Total Costs if Completed Together $1,100,000 to $2,100,000 Total Savings $300,000 to $500,000 Funding Program The Roadmap outlines potential funding mechanisms to support both current and future stormwater needs. The funding goal is to identify a stable, long-term source of revenue to implement critical improvements, maintain existing infrastructure, and address future challenges. Options under consideration include community facilities districts or parcel taxes, special assessments, and property- related fees. Community Facilities District (CFD) or Parcel Tax A CFD may be used to fund both capital projects and ongoing maintenance, using bonds secured by a special tax. It offers flexibility in defining both the geographic area and allocation method, with publicly owned property generally exempt. Approval requires a two-thirds vote, either by voters or landowners, and a mailed-ballot election can be scheduled by the City. A Parcel Tax works similarly but has a simpler formation process, funds capital improvements through revenue bonds, and also requires a two-thirds majority vote. Both mechanisms require several months of preparation before placement on a ballot. Special Assessment District This option levies costs only on properties that directly benefit from a project, in proportion to that benefit. While suitable for specific projects, it is generally not practical for citywide stormwater funding due to the complexity of separating general and special benefits and the extensive legal and engineering requirements. Formation and election typically take five to seven months. Property-Related Fee A fee for stormwater services is levied on parcels via the county tax roll and must comply with California Constitution Article XIII D (Proposition 218). Fees must be proportional to the cost of service per parcel and are approved by a majority of property owners or two-thirds of voters. This mechanism can fund 11.A. - Page 6 of 53 437