City Council

18. LONG RANGE TUSTIN LEGACY FINANCIAL MODELING As requested by the City Council in the Spring of 2024 during the last budget review/adoption process, a preliminary long range Tustin Legacy financial model tool is being created. The comprehensive model will enable valuable insight into potential financial impacts related to buildout of Tustin Legacy on the City’s overall fiscal position. Recommendation: It is recommended that the City Council receive a presentation from staff and the consultant regarding the model's framework and intended value as an effective evaluation tool and provide staff with feedback and direction. Fiscal Impact: The City has contracted with a municipal advisor, Fieldman Rolapp & Associates, to prepare this comprehensive financial model. The project is estimated to cost up to $50,000, and sufficient funding is available in the current fiscal year's budget to cover this expense.