City Council

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