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Redwood City Stormwater Roadmap <br />Funding Program <br />September 2025 7-1 Schaaf & Wheeler <br />7 Funding Program <br />Schaaf & Wheeler, in coordination with NBS, developed a funding program to support the City’s <br />current and future stormwater projects. The program is intended to provide a stable, long-term <br />funding source to implement critical improvements, maintain existing infrastructure, and address <br />future challenges. <br />7.1 Financial Options <br />7.1.1 Introduction to Funding Mechanism Options <br />1. Tax <br />a. General Obligation Bond Property Tax <br />b. Uniform Parcel Tax <br />c. Special Tax <br />2. Special Assessment <br />3. Property-Related Fee <br />Table 7-1: Funding Instrument Overview <br />Type Approved by Approval Threshold Required Findings <br />Tax Registered Voters 2/3 Ballots Cast <br />GO Bond is value based, Parcel <br />Tax and CFD method must be <br />reasonable <br />Assessment Property Owners <br />Majority Protest of Ballots <br />Cast, Weighted according to <br />Assessment Amount <br />1. Identify all Benefits <br />2. Separate Special from <br />General Benefits <br />3. Apportion costs to parcels based <br />on Proportional Special Benefit <br />per parcel <br />Property-Related Fee1 <br />Proportional cost of providing <br />service to each parcel <br />1st Step Property Owners <br />Majority Protest of all <br />Property Owners <br />2nd Step a) Property Owners, or Majority Approval of Ballots <br />Cast: 1 vote/parcel <br /> b) Registered Voters 2/3 of Ballots Cast <br />1. Property-related fees require a two-step approval process. <br />Each of the above-referenced funding instruments have certain strengths and weaknesses that <br />may make them a more or less desirable option, as described in the following table. <br /> <br /> <br />11.A. - Page 32 of 53 <br />463