Board of Finance — Burlington, VT
Date: 2026-03-23
Time: 16:30

Board of Finance

 Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st
 Floor

Join from PC, Mac, iPad, or Android:
https://zoom.us/j/91275255239
Phone one-tap:
+13052241968, 91275255239# US
Join via audio:
+1 305 224 1968 US
Webinar ID: 912 7525 5239
International numbers available: https://zoom.us/u/ahCM7CDTO


**CCTV link: https://www.youtube.com/playlist?list=PLljLFn4BZd2PwCge7lNoKug676jIf_iUA **




1. Agenda
  Subject 1.1. Motion to adopt agenda
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 1. Agenda

  Department Council and Board


  Type Action
 Procedural


  Recommended Action Motion to adopt agenda

2. Public Forum
  Subject 2.1. Verbal Comments
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 2. Public Forum

  Department Council and Board
  Type Action
 Procedural


  Recommended Action open Public Forum
 close Public Forum

3. Consent Agenda
  Subject 3.1. Motion to adopt the consent agenda and take the actions indicated
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Council and Board


  Type Action (Consent)
 Procedural


  Recommended Action Motion to adopt the consent agenda and take the actions indicated

  Subject 3.2. March 9, 2026 Board of Finance Meeting Minutes - DFA
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Department of Finance and Administration


  Type Information
 Minutes
 Action (Consent)


  Recommended Action approve the minutes

  Subject 3.3. FY25 City of Burlington TIF District Reports to the Vermont Economic
 Progress Council (VEPC)
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Community & Economic Development Office (CEDO)


  Type Action (Consent)
 Information
 Report


  Recommended Action to accept the staff report

4. FY27 General Fund Budget Presentation
  Subject 4.1. FY27 General Fund Budget Presentation - Mayor/DFA
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor
  Category 4. FY27 General Fund Budget Presentation
  Department Mayor's Office


  Type Discussion
 Information
 Presentation



5. Deliberative Agenda
  Subject 5.1. Advanced Life Support Intercepts - Fire
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Fire Department


  Type Action


  Recommended Action to approve and recommend that the City Council authorize for the Burlington Fire
 Department (BFD) to bill transporting EMS agencies for Advanced Life Support (ALS)
 intercept services provided at the approved EMS District 3 contract rate for such
 services, and to authorize the Chief Engineer to execute reimbursement agreements
 with agencies requesting such services, subject to review and approval as to form by
 the City Attorney’s office

  Subject 5.2. Request for Creation of Position and Job Description Department of Parks,
 Recreation & Waterfront - BPRW
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Parks, Recreation, & Waterfront


  Type Action


  Recommended Action 1. To approve and recommend that the City Council approve creation of one (1)
 Recreation Manager: Leddy Arena and Sports, a regular, full-time, non-union, exempt,
 grade 20 position in the Department of Parks, Recreation, and Waterfront.
 2. To approve and recommend that the City Council authorize the Chief Administrative
 Officer or designee to make such amendments and transfers of funds to the FY26
 Budget as may be necessary or convenient to effect the foregoing position creation, in
 substantial conformance with the information outlined in the above staff report, for a
 budget neutral fiscal year impact.

  Subject 5.3. Creation of two new CEDO positions within the CJC - CEDO/CJC
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Community & Economic Development Office (CEDO)
 Type Action


 Recommended Action to approve and recommend that the City Council approve the creation of two Reentry
 Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16,
 position

 Subject 5.4. Award of College Street Outfall and Stormwater Separation Feasibility
 Study Contract - DPW - Water Resources
 Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


 Category 5. Deliberative Agenda

 Department Public Works Department - Water Resources


 Type Action


 Recommended Action 1. To approve and authorize the Director of Public Works, Chapin Spencer, to execute a
 contract with Hoyle, Tanner for total contract amount of $410,546 for the College Street
 Outfall and Stormwater Separation Feasibility Study project, subject to the review by
 the City Attorney.
 2. To approve and authorize the Chief Administrative Officer, or their designee, to effect
 all necessary budget amendments in substantial conformance with this request.

6. Adjournment
 Subject 6.1. Motion to adjourn
 Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


 Category 6. Adjournment

 Department Council and Board


 Type Action
 Procedural


 Recommended Action Motion to adjourn

Board of Finance

 Monday, March 23, 2026, 4:30 PM, Bushor Conference Room, 149 Church Street, 1st
 Floor

Join from PC, Mac, iPad, or Android:
https://zoom.us/j/91275255239
Phone one-tap:
+13052241968, 91275255239# US
Join via audio:
+1 305 224 1968 US
Webinar ID: 912 7525 5239
International numbers available: https://zoom.us/u/ahCM7CDTO


**CCTV link: https://www.youtube.com/playlist?list=PLljLFn4BZd2PwCge7lNoKug676jIf_iUA **




1. Agenda
  Subject 1.1. Motion to adopt agenda
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 1. Agenda

  Department Council and Board


  Type Action
 Procedural


  Recommended Action Motion to adopt agenda

2. Public Forum
  Subject 2.1. Verbal Comments
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 2. Public Forum

  Department Council and Board



 Page 1 of 76
  Type Action
 Procedural


  Recommended Action open Public Forum
 close Public Forum

3. Consent Agenda
  Subject 3.1. Motion to adopt the consent agenda and take the actions indicated
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Council and Board


  Type Action (Consent)
 Procedural


  Recommended Action Motion to adopt the consent agenda and take the actions indicated

  Subject 3.2. March 9, 2026 Board of Finance Meeting Minutes - DFA
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Department of Finance and Administration


  Type Information
 Minutes
 Action (Consent)


  Recommended Action approve the minutes

  Subject 3.3. FY25 City of Burlington TIF District Reports to the Vermont Economic
 Progress Council (VEPC)
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 3. Consent Agenda

  Department Community & Economic Development Office (CEDO)


  Type Action (Consent)
 Information
 Report


  Recommended Action to accept the staff report

4. FY27 General Fund Budget Presentation
  Subject 4.1. FY27 General Fund Budget Presentation - Mayor/DFA




 Page 2 of 76
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor
  Category 4. FY27 General Fund Budget Presentation
  Department Mayor's Office


  Type Discussion
 Information
 Presentation



5. Deliberative Agenda
  Subject 5.1. Advanced Life Support Intercepts - Fire
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Fire Department


  Type Action


  Recommended Action to approve and recommend that the City Council authorize for the Burlington Fire
 Department (BFD) to bill transporting EMS agencies for Advanced Life Support (ALS)
 intercept services provided at the approved EMS District 3 contract rate for such
 services, and to authorize the Chief Engineer to execute reimbursement agreements
 with agencies requesting such services, subject to review and approval as to form by
 the City Attorney’s office

  Subject 5.2. Request for Creation of Position and Job Description Department of Parks,
 Recreation & Waterfront - BPRW
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Parks, Recreation, & Waterfront


  Type Action


  Recommended Action 1. To approve and recommend that the City Council approve creation of one (1)
 Recreation Manager: Leddy Arena and Sports, a regular, full-time, non-union, exempt,
 grade 20 position in the Department of Parks, Recreation, and Waterfront.
 2. To approve and recommend that the City Council authorize the Chief Administrative
 Officer or designee to make such amendments and transfers of funds to the FY26
 Budget as may be necessary or convenient to effect the foregoing position creation, in
 substantial conformance with the information outlined in the above staff report, for a
 budget neutral fiscal year impact.

  Subject 5.3. Creation of two new CEDO positions within the CJC - CEDO/CJC
  Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


  Category 5. Deliberative Agenda

  Department Community & Economic Development Office (CEDO)


 Page 3 of 76
 Type Action


 Recommended Action to approve and recommend that the City Council approve the creation of two Reentry
 Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16,
 position

 Subject 5.4. Award of College Street Outfall and Stormwater Separation Feasibility
 Study Contract - DPW - Water Resources
 Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


 Category 5. Deliberative Agenda

 Department Public Works Department - Water Resources


 Type Action


 Recommended Action 1. To approve and authorize the Director of Public Works, Chapin Spencer, to execute a
 contract with Hoyle, Tanner for total contract amount of $410,546 for the College Street
 Outfall and Stormwater Separation Feasibility Study project, subject to the review by
 the City Attorney.
 2. To approve and authorize the Chief Administrative Officer, or their designee, to effect
 all necessary budget amendments in substantial conformance with this request.

6. Adjournment
 Subject 6.1. Motion to adjourn
 Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM, Bushor
 Conference Room, 149 Church Street, 1st Floor


 Category 6. Adjournment

 Department Council and Board


 Type Action
 Procedural


 Recommended Action Motion to adjourn




 Page 4 of 76
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Page 12 of 76
To: Board of Finance
 City Council
From: Kara Alnasrawi, CEDO Director
CC: Katherine Schad, CAO
 Ashley Parker, Capital Program Director
 Stephen Donahue, Senior Accountant
 Gummi Jonsson, CEDO Real Estate Development Manager
Date: March 23, 2026

RE: FY25 City of Burlington TIF District Reports to the Vermont Economic Progress Council (VEPC)


Under state law, the City is required to report annually on the status of its two Tax Increment Financing (TIF)
districts. City staff have worked interdepartmentally, with VEPC and the Vermont Department of Taxes to
compile these reports. We are now certifying to the municipal legislative body (City Council) the amount by
which the value within the stated fiscal year within each of our two tax increment financing (TIF) districts has
increased or decreased relative to the original taxable value (OTV) for each of the respective districts and that
the information provided in the reports represent true and accurate statements.

Having thus certified and presented these reports to Burlington’s municipal legislative body as required by
law, we will then execute the certification forms which are included in the materials provided with the
attached Waterfront TIF District and Downtown TIF District reports for FY25. These reports will next be
certified and submitted by Mayor Mulvaney-Stanak to VEPC on or before April 1, 2025. Please do not hesitate
to contact us with any questions or concerns.

Additional Documents:

 1) Downtown TIF Report FY25
 2) Waterfront TIF Report FY25

Motion:
To accept the staff report.

(No further action is required by the Board of Finance or City Council. State law merely requires presentation of this
information to you.)




 Page 13 of 76
 CERTIFICATION OF INCREMENT AND ANNUAL REPORT
STATUTORY REQUIREMENT: (24 VSA §1895) “As of the date the district is created, the lister or assessor for
the municipality shall certify the original taxable value and shall certify to the legislative body in each year
thereafter during the life of the district the amount by which the total valuation as determined in accordance with
32 VSA Chapter 129 of all taxable real property located within the tax increment financing district has increased or
decreased relative to the original taxable value.”

RULE REQUIREMENT: (SECTION 903) “Increase/Decrease in Assessed Valuation: Each year following the year
of creation, the listers or assessor shall certify to the municipal legislative body the amount by which the total
assessed valuation of taxable properties within the TIF District has increased or decreased compared to the
municipal and education OTV. Prior to providing the certification to the municipal legislative body, the listers or
assessor shall have the calculation of the increase or decrease, including an examination of the disposition and
tax status of each parcel within the District, verified by a second party. Selection of the second party is up to the
municipality and may be an individual within or outside of the municipal government. However, the individual
should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District
increment. A copy of the certification of the value and the increase or decrease must be included in the Annual
Report required by Section 1004.2 of this Rule along with a certification that a second party reviewed the
information. The Council will provide a form on which to provide this certification.”

SECTION 1: Certification of Increment by Assessor or Lister and 2nd Party Reviewer
Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be
considered incomplete. The second party reviewer should be familiar with parcel listings and valuation, property
tax status, and the concepts of OTV and District increment.
 We certify that, per TIF Rule Sections 903 and 1004.2, we have examined and verified the current value,
 the calculation of the increase or decrease in property values, the disposition and tax status of each parcel
 within the District, and any other issues relevant to the parcels listed in the Certified OTV Property Report.

 We have certified to the municipal legislative body, at a regular or duly warned meeting that the information
 provided in this report represent true and accurate statements.

 Signature of Assessor or Lister
 X



 Name: Title Date

 Signature of 2nd Party Reviewer
 X



 Name: Title Date

SECTION 2: Certification of Annual Report
Provide the date the annual report was presented to the municipal legislative body. Check both certification boxes
and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete.
Date report presented to the municipal legislative body:
 I certify that I am an official of the reporting municipality with the authority to report on this TIF District on
 behalf of the municipality.
 I certify that the annual report data entered and all documents attached in support of this annual report are
 true, correct and complete to the best of my knowledge.

 Signature of Authorizing Official*
 X



 Name: Title Date

 * Authorizing Official is the Chief Executive Officer of the municipality as defined by 10 VSA § 683(8) such as
 a Select Board or City Council Member, Town or City Manager, or Town Administrator.
 Page 14 of 76
 CERTIFICATION OF INCREMENT AND ANNUAL REPORT
STATUTORY REQUIREMENT: (24 VSA §1895) “As of the date the district is created, the lister or assessor for
the municipality shall certify the original taxable value and shall certify to the legislative body in each year
thereafter during the life of the district the amount by which the total valuation as determined in accordance with
32 VSA Chapter 129 of all taxable real property located within the tax increment financing district has increased or
decreased relative to the original taxable value.”

RULE REQUIREMENT: (SECTION 903) “Increase/Decrease in Assessed Valuation: Each year following the year
of creation, the listers or assessor shall certify to the municipal legislative body the amount by which the total
assessed valuation of taxable properties within the TIF District has increased or decreased compared to the
municipal and education OTV. Prior to providing the certification to the municipal legislative body, the listers or
assessor shall have the calculation of the increase or decrease, including an examination of the disposition and
tax status of each parcel within the District, verified by a second party. Selection of the second party is up to the
municipality and may be an individual within or outside of the municipal government. However, the individual
should be familiar with parcel listings and valuation, property tax status, and the concepts of OTV and District
increment. A copy of the certification of the value and the increase or decrease must be included in the Annual
Report required by Section 1004.2 of this Rule along with a certification that a second party reviewed the
information. The Council will provide a form on which to provide this certification.”

SECTION 1: Certification of Increment by Assessor or Lister and 2nd Party Reviewer
Check both certification boxes and sign this form. If the boxes or signatures are not completed, this form will be
considered incomplete. The second party reviewer should be familiar with parcel listings and valuation, property
tax status, and the concepts of OTV and District increment.
 We certify that, per TIF Rule Sections 903 and 1004.2, we have examined and verified the current value,
 the calculation of the increase or decrease in property values, the disposition and tax status of each parcel
 within the District, and any other issues relevant to the parcels listed in the Certified OTV Property Report.

 We have certified to the municipal legislative body, at a regular or duly warned meeting that the information
 provided in this report represent true and accurate statements.

 Signature of Assessor or Lister
 X



 Name: Title Date

 Signature of 2nd Party Reviewer
 X



 Name: Title Date

SECTION 2: Certification of Annual Report
Provide the date the annual report was presented to the municipal legislative body. Check both certification boxes
and sign this form. If the boxes or signatures are not completed, this form will be considered incomplete.
Date report presented to the municipal legislative body:
 I certify that I am an official of the reporting municipality with the authority to report on this TIF District on
 behalf of the municipality.
 I certify that the annual report data entered and all documents attached in support of this annual report are
 true, correct and complete to the best of my knowledge.

 Signature of Authorizing Official*
 X



 Name: Title Date

 * Authorizing Official is the Chief Executive Officer of the municipality as defined by 10 VSA § 683(8) such as
 a Select Board or City Council Member, Town or City Manager, or Town Administrator.
 Page 15 of 76
 Tax Increment Financing District
 Vermont Economic Progress Council
 Vermont Department of Taxes

 VEPC Staff Contact Information:
 Ellie Beckett, (802) 622-4674, ellie.beckett@vermont.gov


 Reports are due on or before January 1, 2026
 Please submit reports to accd.vepctifannualreport@vermont.gov
 Please submit GL24 TIF Proceeds Report with the District Annual Report


I. District Information:

 Municipality & District Burlington: Waterfront TIF District Reporting Period: July 1, 2024 - June 30, 2025

 Name of Person Completing Report Kara Alnasrawi Grand List Year: 2024
 Title Director, Community $ Economic Development
 Email Address kalnasrawi@burlingtonvt.gov
 Telephone 802-238-1910
 Date Report Completed December 24th, 2025

 NOTE: All information reported on this form by the municipality must be for the Reporting Period and Grand List Year identified above.

II. TIF District Data:

 Base Data (Original Taxable Value) 1996 Value 2010 Value 2 Parcels All Others
 Municipal $ 43,260,502 $ 123,156,002 OTV Total Acres 0.31 104.91
 Homestead- Education $ 1,007,200 $ 19,423,600 OTV Total Parcels 2 111
 Non Residential- Education $ 42,253,302 $ 103,551,622
 Total Education $ 43,260,502 $ 122,975,222 Parcel Information (All Parcels)
 Current Acres 104.47
 Taxable Values as of April 1 Cherry St - 2 Parcels Full District Current Parcels 109
 Municipal $ 30,297,700 $ 162,393,900
 Commercial 120% Surcharge $ 3,253,740 $ 22,394,520
 Tax Rates Applied to the April 1 Grand List
 Homestead- Education $ 26,228,500
 Non Residential- Education $ - $ 135,882,432 Municipal (General Fund) $ 0.8326
 Total $ 162,110,932 Homestead $ 1.5985
 Non Residential $ 1.5837
 Increase (Decrease) in Taxable Values (auto-
 calculated) From 1996 Value From 2010 Value List Special Municipal Tax Rates
 Municipal $ 79,895,500 $ 39,237,898 1 Local Agreement $ 0.0005
 Homestead- Education $ 18,473,600 $ 6,864,000 2 DID Tax Rate $ 0.3500
 Non Residential- Education $ 61,241,120 $ 22,372,312 3 $ -
 Total Education $ 79,714,720 $ 29,236,312 4 $ -
 5 $ -
 TIF Increment Revenue Retained for Reporting Year* 6 $ -
 Municipal $ 992,500.00 7 $ -
 Commercial 120% Surcharge $ 118,837.00 Total Special Municipal Tax Rates $ 0.3505
 DID Lump Sum $ 23,522.00
 Homestead- Education $ 375,968.00 Total Municipal (General Fund) & Special
 $ 1.1831
 Non Residential- Education $ 1,410,343.00 Rates
 Total Education $ 1,786,311
 Total TIF Revenue $ 2,921,170
 *Provide VEPC with documentation of the calculation of increment.

 Other TIF Fund Income
 Source Education Municipal Total
 1 $ - $ -
 2 City Place Partner Tax Replacement Payments $ 33,333 $ 33,333
 3 $ - $ -
 4 $ - $ -
 5 $ - $ -
 Total: $ - $ 33,333 $ 33,333




 1/7

 Page 16 of 76
 Changes to Individual Parcels
 SPAN Number Describe Change
 1 043-4-009-004 Residential upgrades and improvements
 2 043-4-009-010 Residential upgrades and improvements
 3 044-4-005-000 Value loss due to grievance results
 4 044-4-033-000 City Place value increase due to improvement completion progress
 5
 6

 Additional Information
 In FY26, the City Place Partners made three tax replacement payments to support three invoices from FY25 (total of $100,000). These funds were not received by the City until
 after the books had closed in FY26, so those revenues will be reported on in the FY26 Annual Report. FY26 will also see an additional two payments to wrap up the ARDA
 requirements.




III. Votes and Financing:

 Public Vote Information. Check the appropriate box. Make sure to provide the date if information has been submitted to VEPC.
 No public votes or debt obligations occurred during this reporting period.
 Yes there were public votes and/or debt obligations during this reporting period.
 Vote and debt obligation documents were submitted to VEPC. (Enter date submitted) Sent to VEPC 12/2/2025
 Vote and debt obligation documents are uploaded with this report.

 Debt Instruments
 Term Period Remaining
 Interest Total Payment for Date Approved
 Infrastructure and Debt in (ie. 1/1/2016- Principal Interest Total Principal
 Rate Reporting Period by Voters
 Years 12/31/2026) Balance

 Existing Debt:
 1 Waterfront Renovation Project
 2014 Series B (2014-
 (Interfund Transfer - Bike Path & 10 4.28% $ 7,800,000 $ 1,143,738 $ 8,943,738 $ 735,418 $ - 11/6/12 +
 2024)
 Waterfront North) 3/4/2014
 2 2014 HUD Sec 108 10
 Moran Redevelopment 10 5.00% $ 2,091,000 $ 185,694 $ 2,276,694 $ 198,504 $ 181,000
 Years (2015-2025) 3/4/2014
 3 2016B COPS 5 Years
 Waterfront Fishing Pier 5 5.00% $ 143,489 $ 17,959 $ 161,448
 (2015-2021)
 2006
 4 2016A COPS 9 Years
 Lakeview , College, Westlake Garage 9 5.00% $ 5,145,000 $ 1,098,078 $ 6,243,078 $ 589,368 $ -
 (2016-2024) 2006
 General Obligation Waterfront Tax
 8 11/28/2018-5/1/2025 5.00% $ 745,000 $ 119,180 $ 864,180 $ 130,375 $ -
 Increment Bond Series 2018E 3/4/2014
 Series 2018C - Burlington Harbor Marina,
 5 8 11/28/2018-5/1/2025 5.00% $ 405,000 $ 76,106 $ 481,106 $ 73,500 $ -
 ECHO
 3/4/2014
 New Moran Inc. $3,559,000; BTC Public Series 2019 12/20/2019-
 6 6 2.61% $ 4,360,000 $ 573,369 $ 4,933,369 $ 3,815,601 $ -
 Improvement $801,000 06/30/2025
 3/4/2014
 New Debt:
 Example: Main Street Lights - General
 11 1/1/2016-12/31/2025 5.60% $ 3,250,000 $ 500,000 $ 3,750,000 $ 340,909 $ 2,950,000
 Obligation Bond
 City Place Burlington, $18,840,000; Series
 7 $ 18,840,000 $ 18,840,000 $ 877,818 $ 18,840,000
 2024 11.01.2016

 8

 Total $ 39,529,489 $ 3,214,124 $ 42,743,613 $ 6,420,585 $ 19,021,000



 Refinancing. Was any portion of TIF District debt refinanced during this reporting period?
 Annual Debt Service
 Principal Paid $ 5,445,636 No
 Interest Paid $ 1,019,530 Yes, please provide details.
 Fees/Other Costs Paid $ - On April 28, 2025, the City Council authorized the refinancing of the $18,840,000
 Total Paid $ 6,465,166 note for the Waterfront TIF District. Council originally authorized the note on May

 Direct Payments: Enter the total amount of any TIF direct payments made during
 $ - Date Approved by Voters:
 this period.

 Additional Information
 As the City is still utilizing a Note as a financing tool for this TIF District, and that Note was refinanced as noted above, the City still does not have an amortization schedule. The
 City did have to pay interest in FY25 on the previous note, and that has been captured in the debt payment section above. At the close of FY25, the City had recorded fiscal-year-
 to-date interest earnings of $792,360.99. The City is aware that these earnings can only be used to support expenditures related to the approved TIF District project, and a
 Substantial Change Request will be required to receive VEPC authorization to use them and incorporate them into a budget.



 2/7

 Page 17 of 76
IV. Improvements and Funding:

 Improvement Expenditures
 Of the Total Expenditure listed:
 Total Improvement Expenditure
 Name of Improvement The amount paid with TIF The amount paid with Non-
 for this report period
 Revenues TIF Revenues
 1
 Bike Path

 Completed in FY17. $ - $ - $ -

 2
 Waterfront Access North

 Completed in FY19. $ - $ - $ -

 3
 Waterfront Park Upgrades

 Completed in FY19. $ - $ - $ -

 4
 Moran Building



 Completed in FY24. $ - $ - $ -


 5
 Lake Champlain Community Sailing Center

 Completed in FY18. $ - $ - $ -

 6
 Burlington Harbor Marina

 Completed in FY19. $ - $ - $ -

 7
 ECHO Sustainability Park

 Completed in FY19. $ - $ - $ -

 8 Cherry & Bank Street Streetscape Improvements (Street improvements to the City’s “Great Streets” standards for six blocks of public rights of way on Cherry Street (from
 Battery to Church Street) and Bank Street (from Pine to Church Street)
 The public improvements construction on Bank Street, including new and upgraded
 utilities, sidewalk, and streetscape amenities was nearly complete in FY25. Design for
 $342,167.00 $408,296.82 $ 750,464
 the other blocks of Bank Street and Cherry Street, which also has funding from our
 federal grants has progressed into the right-of-way phase and recieved permitting
 9
 St. Paul Street Extension (Acquisition and construction of St. Paul Street, creating new blocks of City Public rights of way).
 A portion of the public improvements constuction on the south end of Saint Paul
 Street around the CityPlace South Tower was nearly complete in FY25. Design for the $2,270,585.74 $68,235.78 $ 2,338,822
 east side of the street and other final streetscape amenities, which also has funding
 10
 Pine Street Extension (Acquisition and construction of Pine Street, creating new blocks of City Public rights of way).
 Utility work and necessary renovations to the 100 Bank Street building starting on Pine
 Street in FY25. Design for the west side of the street and other final streetscape $71,587.50 $68,235.78 $ 139,823
 amenities, which also has funding from our federal grants, has progressed into the
 Total $ 2,684,340 $ 544,768 $ 3,229,109
 Check $ 3,229,109




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 Total Amount Secured
 Total Amount Spent to
  Sources of Non-TIF Revenues for
 Date
 Total Amount Spent this Period Closed
 Each Source
 1 VT Trans Revenue $ 2,500,000
 $ 2,500,000 $ - X
 2 VT Sales Tax Reallocation $ 229,498
 $ 229,498 $ - X
 3 Developer's Payment $ 144,037
 $ 144,037 $ - X
 4 CDS CD23 1 Grant $ 12,000,000$ 260,113 $ 231,456
 5 RAIZ 5 Grant $ 22,384,000$ 515,342 $ 411,088
 6 Sales Tax Reallocation - 9/14/2023, 3/7/2024, & 3/17/2025 $ 2,539,408
 $ 480,052
 7 City Capital Local Match for CDS Grant - 9/14/2023 & 2/20/2025 $ 600,000
 $ 5,990 $ 5,990
 8 $ - $ -
 9 $ - $ -
 10 $ - $ -
 11 $ - $ -
 Total $ 40,396,943 $ 4,135,032 $ 648,534
 Non-TIF Revenues Reported under Improvement Expenditures $ 544,768

  Related Costs
 The amount paid with The amount paid with
 List and describe the related cost(s) Vendor Total Cost for this report period
 Education Revenue Municipal Revenue

 1 Professional Consultant Services See attached Prof & Consult Vendor Breakdown $ 48,074 $ 30,542 $ 78,616

 2 $ - $ - $ -

 3 $ - $ - $ -

 4 $ - $ - $ -

 5 $ - $ - $ -

 Total $ 48,074 $ 30,542 $ 78,616
 Check $ 78,616
 Check $ -

V. Performance Indicators:

 Standard

 Real Property Development
 Burlington Harbor Marina
 Burlington Harbor Marina (75 Penny Lane) - public parking improvements and public infrastructure were built in support
 1
 of this private development project - the property became taxable for the April 1, 2020 Grand List $786,900


 ECHO

 ECHO (1 College St) - tax exempt property - project completed and reported FY 2020
 2
 $15,200,600


 Lake Champlain Community Sailing Center

 Lake Champlain Community Sailing Center (505 Lake St) - tax exempt property - project completed and reported FY 2018
 3
 $2,563,500


 Moran Frame

 Moran Frame (475 Lake St) Phase 1A completed its finishing touches in FY 2023 - a tax exempt City propert, operated by
 4 the Department of Parks and Recreation - Benefit to the City and the State come in the form of increased enhancement of
 the City's Waterfront - translating to tourist dollars (tax revenues to include Rooms and Meals tax, etcetera), and increased $2,262,400
 property values throughout the City and the County by virtue of the vitality of the City's Waterfront


 CityPlace Real Property Development


 Phase 1: CityPlace, Retail, Parking, & Storage:

 During this reporting period, CityPlace Partners completed construction of the South Tower, which includes approximately
 5 12,000 square feet of ground floor retail space. As of December 2025, roughly 3,300 square feet of this space is occupied.
 Construction of the North Tower is underway, with an additional 24,000 square feet of street level retail space anticipated
 $21,101,000
 to open in 2027. The project also includes an enclosed parking garage that will serve both towers that is currently under
 construction.

 Phase 1: CityPlace Residential/ Housing:




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 CityPlace Partners have completed construction of the South Tower, with approximately half of the 53 residential units
 leased as of December 2025, and the 161 room hotel open and fully operational. The North Tower, totaling approximately
 6 320,000 square feet, is currently under construction and will include 320 residential units and a hotel with approximately
 159 rooms, along with a mix of student oriented suites. The North Tower is expected to be completed in 2027.




 Phase 2: Hotel:

 Depending upon the availability of financing, Phase 2 is not currently slated to include hotel space

 7




 Phase 2: Residental/ Housing:

 Devonwood Investors, the owner/developer is applying for a HUD 221 d 4 loan for both construction and permanent
 financing. They have submitted an application for a zoning permit and the review is underway.
 8 Phase II comprises a mixed use project of residential units over ground floor retail,
 tenant amenities and a parking garage on the lower level for Lots 4 and 5 of the
 CityPlace properties. Bounded by Church St on the East, Cherry on the North and St. Paul St
 on the west, the combined lots comprises 48,630 sf or 1.12 acres or land.
 Phaes 2: Retail & Parking:

 Phase 2 is slated to include ground floor retail and approximately 81 parking spaces in a underground garage
 9




 Total $41,914,400

 Employment Opportunities
 The City Place Partner Team is reporting that there are 130-140 construction workers on site every day and this should continue until late 2027 when the North
 Tower is finished. The AC Hotel opened in City Place in late 2025 creating an estimated 200 jobs. While retail and restaurants have not yet opened, future
 establishments will create approximately 75-100 permanent jobs.




 Additional Information




Mandated

 Jobs at June 30, 2021
 Increase or Increase or
 NAICS Code Previous Location (if known) NAICS Code Previous Location (if known)
 (Decrease) (Decrease)

 1 11 11 53

 2 21 12 54

 3 22 13 55

 4 23 14 56

 5 31-33 15 61

 6 42 16 62

 7 44-45 3 17 71

 8 48-49 18 72

 9 51 19 81



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 10 52 20 92

 Total Jobs Increase (Decrease) 3


 Identify Source/Method for Obtaining Jobs Information
 See the attached report. City staff in the Community and Economic Development Office have been developing a Comprehensive Business list to track business
 openings and closures. This database is then filtered for businesses located within the TIF district. They then use the Economic & Labor Market Information Business
 Finder tool on the Vermont Department of Labor website to identify NAICS codes and employee size ranges. For any businesses not listed here, staff estimated size
 based on what is known about the businesses. Permanent job losses are estimated by applying a % unemployment factor to the total number of jobs in the District.
 The % unemployement factor is based on Burlington data as provided by the Vermont Department of Labor.



 Vermont Firms

 Total amount of work
 Name of Vermont Firm Name of Vermont Firm Total amount of work performed
 performed

 1 White & Burke $ 30,692 11 $ -

 2 Downs Rachlin Martin $ 389 12 $ -

 3 Paul Frank & Collins $ 11,647 13 $ -

 4 MSKVT $ 303 14 $ -

 5 150 Bank Street LLC $ 35,500 15 $ -

 6 Studio Projects LLC $ 62,500 16 $ -

 Resource: A Non Profit Community
 7 $ 33,337 17 $ -
 Enterprise

 8 Stantec Consulting Services Inc $ 610,254 18 $ -

 9 City Place Partners LLC $ 2,486,977 19 $ -

 10 20 $ -

 Total Amount of Work Performed $ 3,271,598


 Additional Information




TIF District Specific
Transportation Enhancements: A new block of Pine Street and Saint Paul Street that reconnect Bank Street to Cherry Street will vastly improve pedestrian, transit, bicycle,
and vehicle circulation in this TIF district. The TIF district is also receiving streetscape and roadway enhancements including: new decorative and pedestrian-scale lighting,
traffic signal improvements, green stormwater infrastructure including permeable pavers, rain gardens, and tree wells, bike racks, new trees with soils cells to support
healthy, mature trees long term, new granite curbing, new sidewalk, and new paving.
CityPlace Partners have completed construction of the South Tower, with approximately half of the 53 residential units leased as of December 2025, and the 161 room
hotel open and fully operational. The North Tower, totaling approximately 320,000 square feet, is currently under construction and will include 320 residential units and a
hotel with approximately 159 rooms, along with a mix of student oriented suites. The North Tower is expected to be completed in 2027.




 Housing Changes (optional)
 Affordable Housing Market Rate Housing Total
 New 0 0 0

 Elminated 0 0 0

 Net Total 0 0 0


 Unforeseen Events: Please describe any unforseen events (such as flooding) that have impacted the TIF District, its improvement projects, or private
 developments. Also detail how the municipality is working through those challenges.




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Current TIF District Activity: Please provide details regarding FY26 activities. This can include updates regarding specific projects, potential substantial change
requests, etc.
The City is contemplating coming to VEPC with a substantial change request that would contain two parts: 1) A request to use investment earning to pay for interest
on the bond; 2) A request to alter the budget to reflect the incorporation of grant monies received by the City of Burlington that have yet to be officially
incorporated into the budget.




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Tax Increment Financing District
Vermont Economic Progress Council
Vermont Department of Taxes

 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
 07/2014-06/2015 (GL
ACTUALS - VALUE/INCREMENT/REVENUES (GL 2012) (GL 2013) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024)
 2014)
Non TIF Revenues Total Secured Total Expensed
Returned TIF to VT (Gilabane) $ (163,177) $ (163,177) $ - $ - $ - $ - $ - $ - $ - $ - $ (163,177) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
VT Trans Revenue $ 2,500,000 $ 2,500,000 $ - $ 500,000 $ 250,000 $ 250,000 $ - $ - $ 750,000 $ 250,000 $ 250,000 $ 250,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
VT Sales Tax Reallocation $ 229,498 $ 229,498 $ - $ - $ 159,653 $ - $ 69,845 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Developer's Payment $ 144,037 $ 144,037 $ - $ - $ - $ - $ - $ 144,037 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
CDS CD23 1 Grant $ 12,000,000 $ 260,113 $ - $ - $ - $ - $ - $ - $ 28,657 $ 231,456
RAIZ 5 Grant $ 22,384,000 $ 515,342 $ - $ - $ - $ - $ - $ - $ 104,254 $ 411,088
Sales Tax Reallocation - 9/14/2023, 3/7/2024, & 3/17/2025 $ 2,539,408 $ 480,052 $ - $ - $ - $ - $ - $ - $ 480,052 $ -
City Capital Local Match for CDS Grant - 9/14/2023 & 2/20/2025 $ 600,000 $ 5,990 $ - $ - $ - $ - $ - $ - $ - $ 5,990
0 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
0 $ - $ -
0 $ - $ -
0 $ - $ -
 Total Other Sources $ 40,233,766 $ 3,971,855 $ - $ 500,000 $ 409,653 $ 250,000 $ 69,845 $ 144,037 $ 750,000 $ 250,000 $ 86,823 $ 250,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 612,963 $ 648,534
 Check $ 3,971,855


 Check $ 5,468,752
Other TIF Fund Income Total All Years
Interest Earnings (Education) $ - $ - $ - $ - $ - $ - $ -
Interest Earnings (Municipal) $ - $ - $ - $ - $ - $ - $ -
 Total Interest Earnings $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
City Place Partner Tax Replacement Payments $ 374,831 $ - $ - $ - $ 208,166 $ 133,332 $ 33,333
0 $ - $ - $ - $ - $ - $ - $ -
0 $ - $ - $ - $ - $ - $ - $ -
0 $ - $ - $ - $ - $ - $ - $ -
 Total: $ 374,831 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 208,166 $ 133,332 $ 33,333




 1/1


 Page 23 of 76
 Tax Increment Financing District
 Vermont Economic Progress Council
 Vermont Department of Taxes
 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
 (GL 2013) 07/2014-06/2015 (GL (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024)
 (GL 2012)
 2014)
 Updated based upon Reconciliation Report filed 2015
 Debt service: Principal Interest Total Service Total Year to Date
 Lake Street Construction 1999- HUD Sec 108 18 Years (2000-2017) $ 1,110,133 $ 640,843 $ 1,750,976 $ 1,750,977 $ 20,000 $ 90,948 $ 95,856 $ 93,432 $ 110,167 $ 116,518 $ 107,893 $ 109,126 $ 100,049 $ 90,847 $ 69,349 $ 72,694 $ 71,741 $ 70,382 $ 68,656 $ 76,560 $ 74,169 $ 82,142 $ 107,712 $ 122,736
 Lake Street Extension 1999 - HUD Sec 108 15 Years (2000-2014) $ 495,000 $ 382,757 $ 877,757 $ 877,763 $ - $ - $ - $ - $ - $ 12,765 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 26,411 $ 264,930 $ 256,725
 Urban Reserve Acquisition 1999 COPS 19 Years (2000-2018) $ 1,390,000 $ 690,652 $ 2,080,652 $ 2,080,653 $ 25,304 $ 104,943 $ 103,368 $ 106,680 $ 104,855 $ 102,980 $ 105,958 $ 103,785 $ 106,470 $ 104,025 $ 106,446 $ 108,610 $ 105,591 $ 107,373 $ 108,845 $ 575,420 $ - $ - $ -
 Lakeview Parking Garage 1999 - COPS 19 Years (2000-2018) $ 5,500,000 $ 2,521,308 $ 8,021,308 $ 7,157,210 $ 98,423 $ 236,216 $ 476,316 $ 505,716 $ 523,559 $ 535,131 $ 535,884 $ 545,816 $ 540,031 $ 548,529 $ 551,104 $ 298,091 $ 299,640 $ 295,664 $ 296,094 $ 291,081 $ 290,584 $ 289,331 $ -
 Waterfront Fishing Pier 2000 - COPS 20 Years (2001-2021) $ 407,130 $ 287,004 $ 694,134 $ 526,412 $ 22,329 $ 33,924 $ 34,250 $ 34,040 $ 33,802 $ 33,538 $ 33,247 $ 32,930 $ 34,035 $ 33,585 $ 33,590 $ 33,542 $ 32,958 $ 33,313 $ 33,579 $ 33,750 $ -
 Lakeview, College, Westlake Garage 2005 - COPS 20 Years (2006-2026) $ 7,870,000 $ 4,164,943 $ 12,034,943 $ 6,330,185 $ 297,174 $ 330,194 $ 635,194 $ 632,994 $ 635,393 $ 632,193 $ 633,593 $ 634,394 $ 634,594 $ 633,231 $ 631,231 $ -
 College Street Garage Improvements 2012(FY) Lease Financing (2011-2016) $ 436,610 $ 22,348 $ 458,958 $ 417,235 $ 83,447 $ 83,447 $ 83,447 $ 83,447 $ 83,447 $ -
 Waterfront Renovation Project Interfund Transfer (Bike Path & Waterfront North $ 7,800,000 $ 1,143,738 $ 8,943,738 $ 8,840,130 $ - $ 136,368 $ 940,161 $ 933,664 $ 925,100 $ 913,727 $ 899,430 $ 835,751 $ 862,528 $ 840,743 $ 817,241 $ 735,418
 Moran Redevelopment $ 2,091,000 $ 185,694 $ 2,276,694 $ 2,112,601 $ - $ 6,809 $ 198,551 $ 209,945 $ 218,176 $ 219,297 $ 217,652 $ 218,261 $ 213,371 $ 208,484 $ 203,552 $ 198,504
 Waterfront Fishing Pier 2016B COPS 5 Years (2015-2021) $ 143,489 $ 17,959 $ 161,448 $ 160,653 $ 32,007 $ 32,059 $ 32,426 $ 32,099 $ 32,061 $ - $ - $ - $ -
 Lakeview , College, Westlake Garage 2016A COPS 9 Years (2016-2024) $ 5,145,000 $ 1,098,078 $ 6,243,078 $ 6,213,028 $ 880,100 $ 886,400 $ 883,300 $ 597,625 $ 594,360 $ 595,000 $ 594,375 $ 592,500 $ 589,368
es 2018C - Burlington Harbor Marina, ECHO 11/28/2018-5/1/2025 $ 405,000 $ 76,106 $ 481,106 $ 481,106 $ - $ 43,606 $ 73,500 $ 70,750 $ 73,000 $ 75,000 $ 71,750 $ 73,500
 aterfront Tax Increment Bond Series 2018E 11/28/2018-5/1/2025 $ 745,000 $ 119,180 $ 864,180 $ 864,180 $ 78,615 $ 134,240 $ 129,725 $ 130,210 $ 130,480 $ 130,535 $ 130,375
559,000; BTC Public Improvement $801,000 Series 2019 12/20/2019-06/30/2025 $ 4,360,000 $ 573,369 $ 4,933,369 $ 4,933,369 $ 114,227 $ 257,198 $ 252,475 $ 248,690 $ 245,178 $ 3,815,601
y Place Burlington, $18,840,000; Series 2024 0 $ 18,840,000 $ - $ 18,840,000 $ 2,467,370 $ 877,818 $ - $ - $ 711,733 $ 877,818
 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ -

 Total Debt $ 56,738,362 $ 11,923,979 $ 68,662,341 $ 45,212,872 $ 143,727 $ 432,107 $ 697,869 $ 739,752 $ 772,831 $ 801,434 $ 809,948 $ 1,115,850 $ 1,136,402 $ 1,437,936 $ 1,420,339 $ 1,174,784 $ 1,169,166 $ 1,250,412 $ 1,250,805 $ 1,720,826 $ 1,284,598 $ 2,285,024 $ 2,189,839 $ 2,449,400 $ 2,427,697 $ 2,068,772 $ 3,015,924 $ 2,126,584 $ 2,097,772 $ 2,772,489 $ 6,420,585
 $ 20,689,489 $ 3,214,124 $ 23,903,613 $ 23,605,067 $ 6,420,585
 Total Related Costs
 All Years
 Related Costs $ 2,510,410 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,195 $ - $ 3,125 $ 2,875 $ 3,000 $ 10,376 $ 119,501 $ 172,552 $ 258,186 $ 222,554 $ 148,320 $ 227,228 $ 274,823 $ 51,079 $ 138,523 $ 620,482 $ 175,976 $ 78,616
 78616.12




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 Page 24 of 76
Tax Increment Financing District
Vermont Economic Progress Council
Vermont Department of Taxes


NOT APPLICABLE AT THIS TIME FOR BURLINGTON WATERFRONT TIF DISTRICT.




 Page 25 of 76
 Tax Increment Financing District
 Vermont Economic Progress Council
 Vermont Department of Taxes

 VEPC Staff Contact Information:
 Ellie Beckett, (802) 622-4674, ellie.beckett@vermont.gov


 Reports are due on or before January 1, 2026
 Please submit reports to accd.vepctifannualreport@vermont.gov
 Please submit GL24 TIF Proceeds Report with the District Annual
 Report
I. District Information:

 Municipality & District Burlington: Downtown TIF District Reporting Period: July 1, 2024 - June 30, 2025

 Name of Person Completing Report Kara Alnasrawi Grand List Year: 2024
 Title Director, Community & Economic
 Email Address kalnasrawi@burlingtonvt.gov
 Telephone 802-238-1910
 Date Report Completed December 24, 2025

 NOTE: All information reported on this form by the municipality must be for the Reporting Period and Grand List Year identified above.

II. TIF District Data:

 Base Data (Original Taxable Value)
 Municipal $ 175,280,315 OTV Total Acres 61.27
 Homestead- Education $ 6,635,312 OTV Total Parcels 287
 Non Residential- Education $ 170,770,844
 Total Education $ 177,406,156 Parcel Information
 Current Acres 61.25
 Taxable Values as of April 1 Current Parcels 282
 Municipal $ 302,114,200
 Commercial 120% Value $ -
 Tax Rates Applied to the April 1 Grand List
 Homestead- Education $ 14,226,220
 Non Residential- Education $ 287,351,089 Municipal (General Fund) $ 0.8326
 Total Education $ 301,577,309 Homestead $ 1.5985
 Non Residential $ 1.5837

 Increase (Decrease) in Taxable Values (auto-calculated) List Special Municipal Tax Rates
 Municipal $ 126,833,885 1 DID Tax Rate $ 0.0350
 Homestead- Education $ 7,590,908 2 Local Agreement $ 0.0005
 Non Residential- Education $ 116,580,245 3 $ -
 Total Education $ 124,171,153 4 $ -
 5 $ -
 TIF Increment Revenue Retained for Reporting Year* 6 $ -
 Municipal (100% Share) $ 1,056,653 Total Special Municipal Tax $ 0.0355
 Commercial 120% $ 136,027
 Total Municipal (General Fund)
 DID Sum $ 23,358 $ 0.8681
 & Special Rates
 Homestead- Education $ 83,725
 Non Residential- Education  $ 1,273,934
 Total Education $ 1,357,659
 Total TIF Revenue $ 2,573,697
 *Provide VEPC with documentation of the calculation of increment.

 Other TIF Fund Income
 Source Education Municipal Total



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  1 $ - $ - $ -
  2 Development Agreement Fee* $ 260,000 $ 260,000
  3 $ - $ -
  4 $ - $ -
  5 $ - $ -
 Total: $ - $ 260,000 $ 260,000
*Per VEPC approval of October 2020 Substantial Change Request, Development Agreement Fee must be deposited into the TIF Fund.




 2/11
 Page 27 of 76
 Changes to Individual Parcels
 SPAN Number Describe Change
 1 049-3-112-000 Value loss due to grievance results
 2 049-3-039-000 Improvements and upgrades made to the property
 3 049-3-038-000 Upgrades made to the property
 4 049-3-028-000 Addition of four retail units on ground floor
 5 044-4-039-000 Renovation of residential units
 6 044-4-010-000 Value loss due to grievance results

 Additional Information




 the
III. Votes and Financing:

 Public Vote Information. Check the appropriate box. Make sure to provide the date if information has been submitted to VEPC.
 No public votes or debt obligations occurred during this reporting period.
 Yes there were public votes and/or debt obligations during this reporting period.
 Vote and debt obligation documents were submitted to VEPC. (Enter date submitted)
 Vote and debt obligation documents are uploaded with this report.

 Debt Instruments
 Term Period Total Payment Remaining
 Interest
 Infrastructure and Debt in (ie. 1/1/2016- Principal Interest Total for Reporting Principal
 Rate
 Years 12/31/2026) Period Balance
 New Debt:
 Side Streets - Great Streets: St.
 1 19 12/20/2017-11/01/2035 5.00% $ 3,400,000 $ 1,738,852 $ 5,138,852 $ 282,450 $ 2,385,000
 Paul/Main Streets
 Great Streets - St. Paul Street, Main
 2 Street stormwater improvements, 18 11/28/2018-11/1/2035 5.00% $ 1,570,000 $ 803,363 $ 2,363,362 $ 134,875 $ 1,160,000
 Series 2019=8D

 3 Interfund Loan 5 1/1/2019-12/31/2023 0.00% $ 250,000 $ - $ 250,000 $ - $ -

 Great Streets - Main Street: General
 4 Obligation Downtown Tax Increment 14 8/31/2022-11/1/2035 5.00% $ 30,120,000 $ 11,844,433 $ 41,964,433 $ 3,152,375 $ 26,660,000
 Bonds, Series 2022B

 New Debt

 Example: Main Street Lights - General Obligation
 11 1/1/2016-12/31/2025 5.60% $ 3,250,000 $ 500,000 $ 3,750,000 $ 340,909 $ 2,950,000
 Bond


 5 $ -


 6 $ -

 7 $ -

 Total $ 35,340,000 $ 14,386,648 $ 49,716,647 $ 3,569,700 $ 30,205,000

 Debt Ceiling Approved by VEPC $ 40,179,696

 Refinancing. Was any portion of TIF District debt refinanced during this reporting
 Annual Debt Service
 period?
 Principal Paid $ 2,010,000 No



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 Page 28 of 76
 Interest Paid $ 1,559,700 Yes, please provide details.
 Fees/Other Costs Paid $ -
 Total Paid $ 3,569,700

Direct Payments: Enter the total amount of any TIF direct payments made
 $ - Date Approved by Voters:
during this period.

Additional Information
At the close of FY25, the City was showing interest earnings of $1,070,773.05. The City is aware that these earnings can only be used to support expenditures
related to the approved TIF District project. The City is working through a Substantial Change Request (initial hearing in December) to determine how to report
on and use the earnings.




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IV. Improvements and Funding:

 Improvement Expenditures
 Of the Total Expenditure listed: Total Improvement
 Name of Improvement The amount paid with The amount paid with Expenditure for this
 TIF Revenues Non-TIF Revenues report period
 1
 Streets & Infrastructure: Streetscape, storm water, and utility upgrade improvements.

 Main - South Union to Battery Streets

 Construction of Main Street between Pine and South Winooski was
 continuous throughout FY25. Work towards replacement of subsurface
 utilities such as water and sewer were completed on the western most blocks
 of the project, while work on the Ravine Sewer bypass pipe occured in the
 eastern blocks of the project during this time. Stormwater retention tanks $ 8,375,713 $ 449,042 $ 8,824,755
 were completed over the winter of 2024-2025 as well as base paving.
 Towards the end of FY25 the project was beginning the installation of new
 sidewalks, soils cells, and other surface features. Construction completion is
 estimated for Fall 2026.

 St. Paul/Main Concept Design




 Completed and reported in FY 2020 $ - $ - $ -


 Phase 1 Filing
 St. Paul - Main to Maple (includes King to Maple with underground)


 Completed and reported in FY 2020 $ - $ - $ -


 Stormwater - North side Main Street/City Hall Park


 Completed and reported in FY 2021 $ -

 2
 Brownfields: Remediation of parking structure site (Brown's Court).


 Completed and reported in FY 2019 $ - $ - $ -

 3
 Parking Structure Upgrades: Church Street Marketplace Garage.


 Completed and reported in FY 2017 $ - $ - $ -

 Total $ 8,375,713 $ 449,042 $ 8,824,755
 Check $ 8,824,755

 Total Amount
 Total Amount Spent Total Amount Spent
 Sources of Non-TIF Revenues Secured for
 to Date this Period
 Each Source
 1 Water Distribution $ 95,350 $ 95,350 $ -
 2 BED Capital $ 45,606 $ 45,606 $ -
 3 Encumbrance Fee Payment(s) $ 25,950 $ 25,950 $ -
 4 Third Party Communications (Outside Utilities) $ 156,207 $ 156,207 $ -
 5 City Capital - Annual Capital Improvement Program (CIP) Bond $ 150,000 $ 150,000
 6 Street Capital - Main Street - added 11/20/23, 7/15/24, & 7/2/2025 $ 546,477 $ -
 7 Water Capital - added 7/15/24 $ 105,000 $ 41,787 $ 41,787


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 8 Sewer Capital - added 7/15/24 & 5/5/2025 $ 357,947 $ 258,039 $ 258,039
 9 VHB Petroleum Conaminated Soil Grant $ 149,216 $ 149,216 $ 149,216
 10 St. Paul Soil PCF (FY22) $ 64,284 $ 64,284 $ -
 11 Downtown Transportation Grant (FY26) $ 200,000 $ - $ -
 12 $ - $ - $ -
 13 $ - $ - $ -
 Total $ 1,631,753 $ 922,155 $ 449,042
 Non-TIF Revenues Reported under Improvement Expenditures $ 449,042

  Related Costs
 The amount paid with The amount paid with Total Cost for this
 List and describe the related cost(s) Vendor
 Education Revenue Municipal Revenue report period
 See attached Prof & Consult Svs Vendor
 1 Professional & Consultant Services $ 11,410 $ 12,404 $ 23,814
 Breakdown
 2 Municipal Staff Time and Benefits Department of Public Works (DPW) $ - $ 70,000 $ 70,000

 3 $ - $ - $ -

 4 $ - $ - $ -

 5 $ - $ - $ -
 Total $ 11,410 $ 82,404 $ 93,814
 Check $ 93,814

V. Performance Indicators:

 Standard

 Real Property Development
 Stratos Project (Stuart Chase) - 33 housing units (inc. 5 inclusionary units - Champlain Housing Trust, all others market-rate).

 1 193 St. Paul: Project completed and previously reported
 $ 10,174,000




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 101 Main Street: Redstone-TD Bank Block - Hotel & compatible use in Armory building w/two decks of parking.

2 161 St. Paul: Hilton Garden Hotel completed
 $ 13,878,200


 151-154 South Champlain Street - Market rate Housing with required 15% IZ units.

3 157 South Champlain St. housing development completed winter 2023/2024. 48 residential units: 11 2-BR; 13 1-BR
 and 24 studio units $ 918,600


 Eagles - Champlain College - Over 300 beds for Champlain college students.

4 194 St. Paul: Completed in FY 2019 - taxable as an educational facility
 $ 3,289,000


 Gateway (aka "superblock") - Mixed use redevelopment 20,000 of commercial space and 60,000 SF mixed income housing.

 The City and Developer have completed most due diligence outlined in a pre-development agreement. Given the
 current gap in funding/financing the City and Developer will now work together to determine if there is a financially
5 feasible path forward for the project. The work underway will provide both the City and the Developer with the
 information necessary to determine whether the redevelopment of the Memorial Block through this public private $ 7,194,100
 partnership is feasible and to chart a responsible path forward in 2026.


 South Champlain/Maple Street - Currently surface parking and vacant lot. Concepts by owner - ground floor parking, upper floor
 offices/residential.
6 No activity to report
 $ 449,700


 121 Pine Street - 30,000 SF residential building.

7 No activity to report
 $ 549,700


 86 Main Street - 23 housing units with ground floor office.

8 No activity to report
 $ 1,134,900


 Former Free Press Property - To be redeveloped into 38 one bedroom apartments with 12,500SF commercial.

9 191 College St: This project was completed in FY 2018
 $ 1,208,300




 7/11
 Page 32 of 76
 266 College Street - 142 guest room hotel with restaurant

 Property acquired by Green Castle Group - local real estate developer - with plans to convert to approximately 90
 10 housing units. After interior demolition was completed in the winter of 2024/2025. Exterior demolition begun in
 summer 2025 and vertical construction in fall 2025 with an expected costruction period of 18 months from $ 1,547,500
 commencement. It is expected that the 79 residential units will be fully occupied by winter 2027/2028.


 Champlain Housing Trust - (formerly VFW Property) - 176 South Winooski Ave


 As of midway through FY 2025, Champlain Housing Trust and Evernorth reported that the construction schedule is
 11 on track for completion in late 2025. The project features 38 units of affordable housing along with community
 space for a new VFW and about 4,000 square feet of office space for the City's Community Justice Center. The total $ -
 development cost is around $19M

 Total $ 40,344,000

 Employment Opportunities
 Jobs connected to the completed projects have been previously reported in City’s Annual Reports to VEPC. The current capital expenditures for the
 Great Streets Main Street are going almost entirely to hard construction costs for this reporting period. It is estimated that the construction of Main
 Street Great Streets has maintained approximately 100 construction jobs during this reporting period. The City estimates that the ongoing
 redevelopment of 176 South Winooski Ave (the former VFW) has generated 45 FTE construction jobs. It’s estimated that the 266 College Street
 project, a roughly 120,000 square foot redevelopment of the former YMCA into approximately 79 residential units, began construction earlier in
 2025 and is expected to take about two years to complete, with approximately 120 to 180 construction workers onsite on average throughout the
 project.


 Additional Information
 The Great Streets Main Street project is on track for completion in 2026. As part of the work at 176 South Winooski, significant improvements were
 made to the ravine sewer which will facilitate future development in this part of the downtown.




Mandated

 Jobs at June 30, 2023
 Increase or Increase or
 NAICS Code Previous Location (if known) NAICS Code Previous Location (if known)
 (Decrease) (Decrease)

 1 11 11 53

 2 21 12 54

 3 22 13 55

 4 23 14 56

 5 31-33 15 61

 6 42 16 62

 7 44-45 (7) 17 71 (3)

 8 48-49 18 72 (3)

 9 51 (3) 19 81 (5)

 10 52 20 92




 8/11
 Page 33 of 76
 Total Jobs Increase (Decrease) (20)


Identify Source/Method for Obtaining Jobs Information
See the attached report. City staff in the Community and Economic Development Office have been developing a Comprehensive Business list to
track business openings and closures. This database is then filtered for businesses located within the TIF district. They then use the Economic &
Labor Market Information Business Finder tool on the Vermont Department of Labor website to identify NAICS codes and employee size ranges.
For any businesses not listed here, staff estimated size based on what is known about the businesses. Permanent job losses are estimated by
applying a % unemployment factor to the total number of jobs in the District. The % unemployement factor is based on Burlington data as
provided by the Vermont Department of Labor

 Vermont Firms

 Total amount of work Total amount of work
 Name of Vermont Firm Name of Vermont Firm
 performed performed

  1 White & Burke $ 768 11 $ -

  2 Paul Frank & Collins $ 1,806 12 $ -

  3 Vanasse Hangen Brustlin, Inc $ 247,112 13 $ -

  4 EIV Technical Services $ 736,376 14 $ -

  5 S.D. Ireland Brothers Corporation $ 7,314,155 15 $ -

  6 The Royal Group, Inc. $ 1,439 16 $ -

  7 Burlington Electric Dept $ 10,845 17 $ -

  8 Lydia Kern $ 61,570 18 $ -

  9 Nancy Winship Milliken Studio, LLC $ 91,972 19 $ -

  10 Pixel Patch Creative, LLC $ 49,500 20 $ -

 Total Amount of Work Performed $ 8,515,543




 9/11
 Page 34 of 76
 Additional Information




TIF District Specific

 Transportation Enhancements




 Affordable Housing Development
 Construction at 176 South Winooski, the previous VFW site, got underway in summer 2024. As of fall 2025, work is nearly complete and the
 building is projected to open for occupancy in early 2026. This includes work to remediate the historic ravine sewer, which ran underneath the
 project site and needed to be completed prior to occupancy. The project was co-developed by Champlain Housing Trust and Evernorth using the
 Low Income Housing Tax Credits (LIHTC) program and will include 38 permanently affordable housing units (four 2-BRs, 26 1-BRs, 8 studio units),
 4,000 square foot of commercial space will be leased to the City's Community Justice Center, and a further 2,000 square foot of commercial space
 will be maintained by the VFW. Estimated total development cost: $19.6M.




 Housing Changes
 Affordable Housing Market Rate Housing Total
 New 0 0 0

 Elminated 0 0 0

 Net Total 0 0 0


 Unforeseen Events: Please describe any unforseen events (such as flooding) that have impacted the TIF District, its improvement projects, or
 private developments. Also detail how the municipality is working through those challenges.
 The abandonment of the Ravine Sewer under the Post Apartments (176 South Winooski) required some specialty work that was not part of the
 original project bid. As a result we removed the scope of work from our primary contract and sought independent bids for this work. This required
 bringing in additional funding sources to support the more detailed work that required fully filling the old sewer to the top to ensure that the new
 building that was constructed would be stable. This was different than originally planned or the traditional method for filling sewer. As of the date
 of this report, this work has been included in our substantial change update to VEPC, and the work is fully complete.




 10/11
 Page 35 of 76
Current TIF District Activity: Please provide details regarding FY26 activities. This can include updates regarding specific projects, potential
substantial change requests, etc.




 11/11
 Page 36 of 76
Tax Increment Financing District
Vermont Economic Progress Council
Vermont Department of Taxes

 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
 (GL 2012) (GL 2013) (GL 2014) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) (GL 2025) (GL 2026) (GL 2027) (GL 2028) (GL 2029) (GL 2030) (GL 2031) (GL 2032)
Non TIF Revenues (List Source and Year Awarded) Total Secured Total Expensed
Water Distribution $ 95,350 $ 95,350 $ - $ - $ - $ 95,350 $ - $ - $ - $ -
BED Capital $ 45,606 $ 45,606 $ - $ - $ - $ 45,606 $ - $ - $ - $ -
Encumbrance Fee Payment(s) $ 25,950 $ 25,950 $ - $ - $ - $ 25,950 $ - $ - $ - $ -
Third Party Communications (Outside Utilities) $ 156,207 $ 156,207 $ - $ - $ - $ 156,207 $ - $ - $ - $ -
City Capital - Annual Capital Improvement Program (CIP) Bond $ 150,000 $ - $ - $ - $ - $ - $ - $ -
Street Capital - Main Street - added 11/20/23, 7/15/24, & 7/2/2025 $ 546,477 $ - $ - $ - $ - $ - $ - $ -
Water Capital - added 7/15/24 $ 105,000 $ 41,787 $ - $ - $ - $ - $ - $ 41,787
Sewer Capital - added 7/15/24 & 5/5/2025 $ 357,947 $ 258,039 $ - $ - $ - $ - $ - $ 258,039
VHB Petroleum Conaminated Soil Grant $ 149,216 $ 149,216 $ - $ - $ - $ - $ - $ 149,216
St. Paul Soil PCF (FY22) $ 64,284 $ - $ -
Downtown Transportation Grant (FY26) $ 200,000 $ - $ -
0 $ - $ - $ -
0 $ - $ - $ -
 Total $ 1,896,036 $ 772,155 $ - $ - $ - $ - $ - $ - $ - $ - $ 323,113 $ - $ - $ - $ - $ -
 Check $ 323,113 $ 449,042




 1/1



 Page 37 of 76
Tax Increment Financing District
Vermont Economic Progress Council
Vermont Department of Taxes 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
 (GL 2012) (GL 2013) (GL 2014) (GL 2015) (GL 2016) (GL 2017) (GL 2018) (GL 2019) (GL 2020) (GL 2021) (GL 2022) (GL 2023) (GL 2024) (GL 2025) (GL 2026) (GL 2027) (GL 2028) (GL 2029) (GL 2030) (GL 2031)

Based on TIF District Phase Filing (Approved November 2014) Debt Incurred
 Retention Begins
TIF Debt Summary Status of Debt Principal Interest Total Service Total Paid
 Interfund Loan - renovation of structured
 1. 7/1/2016-6/30/2017 $ 200,000 $ - $ 200,000 $ 200,000 $ 200,000
 parking facilities
 Side Streets - Great Streets: St. Paul/Main
2. 12/20/2017-11/01/2035 $ 3,400,000 $ 1,738,852 $ 5,138,852 $ 2,038,727 $ 55,202 $ 280,400 $ 282,750 $ 284,300 $ 285,025 $ 284,850 $ 283,750 $ 282,450
 Streets
 Great Streets - St. Paul Street, Main Street
3. 11/28/2018-11/1/2035 $ 1,570,000 $ 803,363 $ 2,373,363 $ 855,612 $ 33,362 $ 137,000 $ 138,875 $ 135,625 $ 137,250 $ 138,625 $ 134,875
 stormwater improvements, Series 2019=8D

4. Interfund Loan 1/1/2019-12/31/2023 $ 250,000 $ - $ 250,000 $ 250,000 $ 25,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 25,000 $ -

 Great Streets - Main Street: General
5. Obligation Downtown Tax Increment Bonds, 8/31/2022-11/1/2035 $ 30,120,000 $ 11,844,433 $ 41,964,433 $ 7,309,433 $ - $ - $ 1,008,183 $ 3,148,875 $ 3,152,375
 Series 2022B
6. 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ -
7. 0 0 $ - $ - $ - $ - $ - $ - $ - $ - $ -

 Totals $ 10,653,772 $ - $ - $ - $ - $ - $ 200,000 $ 55,202 $ 338,762 $ 469,750 $ 473,175 $ 470,650 $ 1,480,283 $ 3,596,250 $ 3,569,700 $ - $ - $ - $ - $ - $ - $ -
 3569700




 Page 38 of 76
 2033
 (GL 2032)




$ -




 Page 39 of 76
Tax Increment Financing District
Vermont Economic Progress Council
Vermont Department of Taxes

Updated to reflect March 24 Substantial Change Request
 PROPORTIONALITY CHECK As Approved (Year of Construction) Actual 2010
 Total Projected TIF Financed Non-TIF Total Total TIF Financed Non-TIF 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
PROJECT: Costs Amount Proportion Amount Proportion Costs Cost Check Amount Proportion Amount Proportion Source Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF Total TIF Non-TIF
 PHASE 1 FILING
Streets & Infrastructure: Streetscape, storm water, and utility upgrade improvements for
eight city blocks:
 Main - South Union to Battery Streets $ 35,035,904 $ 34,560,904 98% $ 475,000 1% $ 21,409,563 $ 21,409,563 $ 20,960,521 98% $ 449,042 2% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 553,548 $ 1,657,405 $ - $ 10,373,855 $ - $ 8,375,713 $ 449,042

 St. Paul/Main Concept Design $ 335,666 $ 260,300 78% $ 75,366 22% $ 260,300 $ 260,300 $ 260,300 100% $ - 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 260,300 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

 St. Paul - Main to Maple (includes King to Maple with underground) $ 4,539,113 $ 4,216,000 93% $ 323,113 7% $ 4,539,113 $ 4,539,113 $ 4,157,923 92% $ 381,190 8% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 179,782 $ 150,000 $ 2,373,020 $ 140,956 $ 1,605,121 $ 90,234 $ - $ - $ - $ - $ - $ - $ - $ -

 Stormwater - North side Main Street/City Hall Park $ 613,591 $ 500,000 81% $ 113,591 19% $ 613,591 $ 613,591 $ 500,000 81% $ 113,591 19% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 364,570 $ - $ 135,430 $ 113,591 $ - $ - $ - $ - $ - $ -

Brownfields: Remediation of parking structure site (Brown's Court). $ 507,839 $ 507,839 100% $ - 0% $ 507,839 $ 507,839 $ 507,839 100% $ - 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 507,839 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

Parking Structure Upgrades: Church Street Marketplace Garage. $ 876,388 $ 134,653 15% $ 741,736 85% $ 876,389 $ 876,389 $ 134,653 15% $ 741,736 85% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 134,653 $ 741,736 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

 Totals: $ 41,908,501 $ 40,179,696 $ 1,728,806 $ 28,206,795 $ 28,206,795 $ 26,521,236 $ 1,685,559 Totals: $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 134,653 $ 741,736 $ - $ - $ 440,082 $ 150,000 $ 2,880,859 $ 140,956 $ 1,969,691 $ 90,234 $ 135,430 $ 113,591 $ 553,548 $ - $ 1,657,405 $ - $ 10,373,855 $ - $ 8,375,713 $ 449,042
 $ 8,375,713 $ 449,042




 Page 40 of 76
 Board of Finance and City Council Submission Checklist
 Department: CEDO Submitter: Gummi Jonsson, Kara Alnasrawi

 Title/Subject: FY25 TIF Reports Certification

 Approval: Meeting Date:
 ☐ Board of Finance
 ☐ City Council
 ☒ Concurrent 3/23/2026

This form must be completed by the person submitting the materials, and sent with the final submission. Please do
not indicate that a signoff was received until it has actually been obtained.

Signoffs Received

 Date
 Signoff Needed Received Note
 Received
 Department Head Yes 3/16/2026 Kara Alnasrawi

 Mayor’s Office informed and approved memo Yes 3/17/2026 Kara Alnasrawi
 Board/Commission, if required N/A Click or tap Click or tap here to
 to enter a enter text.
 date.
 City Attorney’s Office has approved contract N/A Click or tap
 and/or legal documents, to enter a
 -Identify attorney in note date.
 City Attorney’s Office has approved memo and Yes 3/17/2026 Emmett Wood
 motion(s) or resolution(s)
 -Identify attorney in note
 CAO has reviewed budget, financing, and Yes 3/17/2026 Katherine Schad
 memo
 Human Resources, if personnel action N/A Click or tap Click or tap here to
 -Identify HR Manager in note to enter a enter text.
 date.
 CIO, if an IT-related investment/purchase N/A Click or tap Click or tap here to
 to enter a enter text.
 date.


Materials Included

 Included? Note
 Final Memo Attached? Yes Click or tap here to enter text.
 Contract Attached, if applicable? N/A Click or tap here to enter text.
 Additional Materials, if necessary Yes VEPC TIF Reports
 Draft Resolution or Motion? Yes Motions - Memo
 If for submission to Council, are Yes Board of Finance
 sponsors identified?




 Page 41 of 76
General Fund Budget Gap
MARCH 2026




 Page 42 of 76
Use of One Time Funds
 One piece of the City’s persistent budget gap is the expansion of the use of one-time revenues
 during and after the pandemic.




 Page 43 of 76
Expense Growth
Personnel costs have consistently made up about 60% of the City's total General Fund expenses.




 Page 44 of 76
Expense Growth
 Since 2017, personnel costs have grown over 60%, with health insurance costs rising even faster.




 Page 45 of 76
Revenue Growth
 Property taxes account for close to half of the City's General Fund revenue.




 Page 46 of 76
Revenue Growth
 Over the same time, property taxes have grown by 70%, while other sources of
 revenue have lagged behind.




 Page 47 of 76
Past Budget Growth
 This pattern creates a reliance on increasing property taxes to cover personnel.




 Page 48 of 76
Projection Assumptions
  To forecast the budget forward, we assume past growth with a few exceptions.
 FY26 Budget Total FY17-FY26 CAGR Model Assumption
Personnel Costs $68.7M 5.7% Matches Growth

General Operating $19.5M 4.8% Matches Growth

Interfund $14.6M 6.6% Grows in line with PT

Debt Service $8.3M 10.8% Actual Expected Cost



Property Tax $50.8M 6.1% Discretionary rate flat, GL grows at 0.8%,
 Retirement revenue grows 5% per year, debt
 service at expected cost

Direct Revenue $16.1M 1.8% Matches Growth

Other Revenue $11.4M 8.3% Matches Growth

PILOT $11.2M 2.0% Matches Growth

Revenue Pass-Through $11.1M 6.2% Grows in line with PT

Gross Receipts $6.7M 5.8% Matches Growth

Local Option $3.4M 4.1% Matches Growth



 Page 49 of 76
Projected Budget
 If the City limits property tax growth to only cover increases in Retirement and Debt
 Service, the gap grows as expenses continue the same path.




 Page 50 of 76
 Projected Budget
If property tax rates continue to increase as they have, revenues approach but do not reach expected future expenses.




 To create a sustainable
 long-term budget, the
 City must increase other
 revenues and curb
 growth in expenses.




 Page 51 of 76
Optimistic Targets
 Future budgets can balance with both limited expense growth, modest property tax increases,
 and increased direct revenue.




 Assumptions

 Historic
 Category Growth Model
 Grand List 0.8% 1.0%
 Tax Rate Growth 6.3% 3.1%
 Direct Revenue 1.8% 4.5%
 Other Revenue 8.3% 6.0%
 Personnel 5.7% 4.3%
 General Operating 4.8% 3.8%




 Page 52 of 76
Appendix

 Page 53 of 76
Direct Revenue Comparison




 Page 54 of 76
Direct Revenue Comparison




 Page 55 of 76
 BURLINGTON FIRE DEPARTMENT
 136 S. Winooski Avenue, Burlington, VT 05401
 Phone: (802) 864-4554 Fax: (802) 865-5387




 MEMO

TO: Board of Finance / City Council
FROM: Michael Curtin – Fire Chief
CC: CAO Katherine Schad
DATE: March 23, 2026
SUBJECT: Advanced Life Support Intercepts


The Burlington Fire Department provides Advanced Life Support (ALS) intercept services to EMS agencies
outside of Burlington when a patient requires advanced medical interventions not available from the
transporting agency. While these requests are relatively infrequent, they do occur. In FY24, BFD responded to
three (3) ALS intercept requests. In FY25, there were two (2) requests. In the current fiscal year to date (FY26),
BFD has already responded to four (4) intercept requests. In such situations, BFD paramedics respond to deliver
advanced assessment, medication administration, and other ALS-level care while the transporting agency
retains responsibility for patient transport. These services utilize BFD personnel and equipment.

BFD is part of EMS District 3 and there is a contract agreement among all District 3 EMS providers
establishing a standardized reimbursement rate of $350 per ALS intercept. This is an agency-to-agency
reimbursement rate, as the intercepting agency is not permitted to bill the patient directly.

For comparison, BFD’s current standard ALS 2 transport base rate is $1,680. That rate reflects a full ambulance
transport, including the vehicle, transport crew, mileage, equipment, medications, and full assumption of patient
care through delivery to the hospital. An ALS intercept is fundamentally different. BFD does not transport the
patient and does not bill for mileage. The transporting agency remains responsible for the patient and bills the
insurer. The $350 intercept fee simply offsets the cost of providing a paramedic and associated ALS
interventions during the response. Because of that, the intercept rate is significantly lower than our standard
ALS transport rate and is intended as partial cost recovery rather than full reimbursement.

Requested Action:


Board of Finance Motion: To approve and recommend that the City Council authorize for the Burlington Fire
Department (BFD) to bill transporting EMS agencies for Advanced Life Support (ALS) intercept services
provided at the approved EMS District 3 contract rate for such services, and to authorize the Chief Engineer to
execute reimbursement agreements with agencies requesting such services, subject to review and approval as to
form by the City Attorney’s office.
City Council Motion: To approve and authorize the Burlington Fire Department to bill transporting EMS
agencies for Advanced Life Support (ALS) intercept services provided at the approved EMS District 3 contract
rate for such services, and to authorize the Chief Engineer to execute reimbursement agreements with agencies
requesting such services, subject to review and approval as to form by the City Attorney’s office.
Thank you for considering this request.



 Page 56 of 76
 Board of Finance and City Council Submission Checklist
 Version: April 2025

 Department: Fire Submitter: Michael Curtin – Fire Chief

 Title/Subject: Advanced Life Support Intercepts

 Approval Requested: Meeting Date:
 ☒ Board of Finance 3/23/2026
 ☒ City Council 4/13/2026
 ☐ Both BOF and Council Click or tap to enter a date.

Instructions
 1. This form must be completed by the person submitting the materials.
 2. This form must be sent with the final submission of materials in advance of the meeting.
 3. Do not indicate that a sign-off was received until it has actually been obtained.
 4. Commission reports and presentations do not need to be reviewed by the CAO or Attorneys.
 5. Name the reviewing Attorney or HR Manager in the Note column.


 Signoff Needed Received? Approval Date Note
 Department Head Yes 3/17/2026 Michael Curtin

 Mayor’s Office Yes 3/17/2026 Kara Alnasrawi
 Board/Commission Choose an Click or tap to Click or tap here to enter text.
 item. enter a date.
 City Attorney’s Office for memo and Yes 3/17/2026 Hayley McClenahan
 contracts or legal documents
 City Attorney’s Office for memo and Choose an Click or tap to Click or tap here to enter text.
 motion(s) or resolution(s) item. enter a date.
 CAO for budget, financing, and memo Yes 3/17/2026 Katherine Schad
 Human Resources, if personnel action Choose an Click or tap to Click or tap here to enter text.
 or policy item. enter a date.
 CIO, if IT-related Choose an Click or tap to Click or tap here to enter text.
 item. enter a date.




 Page 57 of 76
MEMORANDUM
DATE: March 23, 2026
TO: Board of Finance and City Council
FROM: Phil Lewis, Director of Parks, Recreation & Waterfront
RE: Request for Creation of Position and Job Description
 Department of Parks, Recreation & Waterfront




INTRODUCTION

We are requesting Board of Finance and City Council approval for creation of the position of
Recreation Manager, Leddy Arena and Sports in the Burlington Parks, Recreation and
Waterfront (BPRW) Department. This position will support programming and operations at
Leddy Ice Arena and citywide programming for Sports and Athletics. The position will be critical
to ensure seamless, high-quality delivery of recreation services at the point where programs,
facilities, and customers intersect.

BACKGROUND

At the beginning of FY26, BPRW eliminated eight (8) positions in the department as part of the
ModernGov initiative and budget reductions due to structural funding gaps. The loss of these
positions made it necessary to re-evaluate operations utilizing available resources.

BPRW leadership have worked diligently over the past several months to evaluate department
operations and gaps that exist for supporting front line personnel and service delivery.
Meetings were held with staff from all areas of the Department and with our AFSCME labor
partners. Informed by this work, an updated organizational chart has been developed to most
effectively and efficiently meet Department needs. Additionally, it was evident that appropriate
supervision and leadership is required at Leddy Ice Arena leading to the request for creating
this position.




 City of Burlington | 645 Pine Street | Burlington, Vermont 05401 | (802) 864-0123

 Page 58 of 76
RATIONALE FOR CHANGE

The updated organizational structure and proposed creation of the Recreation Manager, Leddy
Arena and Sports position addresses several critical areas of need for the department:

  Fiscal Sustainability & Access: The facility represents a significant City asset with
 multiple revenue streams. The position will manage contracts as well as responsibly
 balance equitable access to Leddy Ice Arena and revenue generation identifying
 opportunities to increase participation and usage
  Service Delivery: Focus on creating and maintaining a safe, clean, and welcoming
 environment for all guests and program participants, including coordination of
 programs, facilities, and customer service.
  Staff Morale: Sets a vision and organizational framework for department staff and direct
 support for the team at Leddy Ice Arena.



FUNDING THIS PROPOSAL

BPRW has sufficient savings from a vacant Recreation Specialist position and savings in
operating supplies to fund the creation of this position. The Recreation Manager has a FY26
impact of $21,149 for the remainder of the fiscal year. No additional General Fund
appropriations are required. For FY27 we expect this position to generate additional revenues
of $22,000 to offset this request.


CONCLUSION AND REQUEST

The creation of this position represents a key investment in our workforce and the long-term
sustainability of the Department. As we continue to modernize our operations, it is essential
that we remain nimble with an effective organizational structure for strategically focused
service delivery. This position is essential to delivering consistent, high-quality recreation
services at a major City facility. By integrating program management, facility operations, and
customer service under one role, the City ensures efficient operations, strong community
engagement, and responsible stewardship of public assets.




 Page 2 of 3

 Page 59 of 76
Motions

Board of Finance:

1. To approve and recommend that the City Council approve creation of one (1) Recreation
 Manager: Leddy Arena and Sports, a regular, full-time, non-union, exempt, grade 20
 position in the Department of Parks, Recreation, and Waterfront.
2. To approve and recommend that the City Council authorize the Chief Administrative Officer
 or designee to make such amendments and transfers of funds to the FY26 Budget as may be
 necessary or convenient to effect the foregoing position creation, in substantial
 conformance with the information outlined in the above staff report, for a budget neutral
 fiscal year impact.

City Council:

1. To approve creation of one (1) Recreation Manager, Leddy Arena and Sports, a regular,
 exempt, full-time, non-union position, grade 20 in the Department of Parks, Recreation, and
 Waterfront.
2. To authorize the Chief Administrative Officer or designee to make such amendments and
 transfers of funds to the FY26 Budget as may be necessary or convenient to effect the
 foregoing position creation, in substantial conformance with the information outlined in the
 above staff report, for a budget neutral fiscal year impact.

The BPRW leadership team is prepared to answer any questions you may have and provide any
additional detail as needed. Thank you for your consideration.

ATTACHMENTS

A – Job Description for Recreation Manager, Leddy Arena & Sports
B – Org. Chart reflecting position within department structure




 Page 3 of 3

 Page 60 of 76
Recreation Manager, Leddy Arena & Sports
Page 1 of 4
 City of Burlington
 Job Description

Position Title: Recreation Manager, Leddy Arena & Sports
Department: Parks, Recreation & Waterfront
Reports to: Director of Parks, Recreation & Waterfront


Pay Grade: 20 Job Code: 1208
Exempt/Non-Exempt: Exempt Union: Non-Union

General Purpose: This position is responsible for planning, organizing, staffing directing,
controlling, budgeting and evaluating assigned recreation programs and managing operations of
assigned recreation facilities.

Essential Job Functions: (This section outlines the fundamental job functions that must be
performed in this position. The “Qualifications/Basic Job Requirements” and the “Physical and
Mental/Reasoning Requirements and Work Environment” state the underlying requirements that
an employee must meet in order to perform these essential functions. In accordance with the
Americans with Disabilities Act, reasonable accommodations may be made to qualified
individuals with disabilities to perform the essential functions of the position.)
  Plan and promote programs to encourage participation in recreational activities.
  Recruit, supervise, schedule, train and evaluate all full-time, seasonal, limited service and
 volunteer personnel in order to cover all shifts, programs, and events in accordance with
 union contracts, personnel policy, and operating procedures of the department.
  Analyze community recreation trends and evaluate local demands in order to provide
 balanced recreation offerings.
  Train and supervise all supervisory staff in the operation of all equipment, apparatus
 and technology applications necessary for effective facility operations.
  Develop and maintain schedule for recreation facilities, including but not limited to
 collection and tracking of revenues and communicating user needs to facility staff.
  Procure, inventory, and issue supplies, equipment and instructional materials in programs
 and events.
  Oversee assigned customer service staff and their related functions for recreation
 facilities, including department phone reception, direct customer service, program
 registrations, scheduling, tracking receivables, depositing receivables, maintenance of
 customer database, marketing programs, etc. Provide backup support to administrative
 staff during absences.
  Create and maintain a welcoming, safe, clean, and positive environment for all guests and
 program participants. Monitor facility conditions and coordinate with staff as appropriate.
  Publicize programs and activities through appropriate media in accordance with
 department procedures and policies.




 Page 61 of 76
Recreation Manager, Leddy Arena & Sports
Page 2 of 4

  Prepare and submit reports, records of activities to the Director of Parks, Recreation &
 Waterfront as requested.
  Develop, prepare and implement program and facility goals including annual review(s)
 with program members.
  Formulate, monitor and allocate budget resources among various recreation programs and
 operational areas.
  Work collaboratively with Department leadership in formation and implementation of
 policies and procedures for recreation programs and facilities.
  Oversee the Arena Pro Shop operation, including but not limited to, marketing,
 inventory management, staffing, financial reporting, equipment maintenance etc.
  Work collaboratively with Department leadership in negotiation of contracts, manage
 and monitor lease compliance for tenants operating within the assigned facility;
 initiate corrective actions as necessary.
  Ensure appropriate methodology and high-quality results through long and short range
 planning sessions with Department leadership.
  Ensure program adherence to quality standards established by department procedures,
 City regulations and state and industry standards.
  Promote positive working relations with public, private, voluntary and commercial
 agencies sponsoring and co-sponsoring activities and services with the department.
  Develop system for collection of fees and charges for recreational activities and events.
  Prepare and administer contracts and agreements with local and state level agencies.
  Design procedures for the effective and efficient use of department and community
 resources.
  Establish recreational program standards and submit to Director of Parks, Recreation &
 Waterfront for review annually.
  Ensure proper handling and reporting of cash receipts/deposits for facility rentals,
 program registrations, contractual payments, POS services, donations and advertising.
  Manage and develop program budgets, forecasting future trends.
  Manage various budget tasks, including but not limited to recommending annual budget
 appropriations, procuring supplies, managing expenditures, processing invoices and pay
 requests, forecasting revenue, recommending annual fee adjustments, preparing reports,
 soliciting quotes, and securing donations.
  Compile and evaluate information on participation, attendance, facility
 utilization, efficiency and effectiveness of operations.
  Participate in the development of goals and objectives of the Parks, Recreation
 & Waterfront Department.
  Perform various budget tasks, including but not limited to, recommending annual
 budget appropriations, effecting expenditure control, forecasting revenue,
 recommending and
 implementing fee increases, preparing and monitoring budget reports, monitoring
 overtime, while ensuring that operating budget is kept within appropriated levels.
  Provide information to Marketing and Outreach Manager to assist in the preparation of
 fund raising and grant applications as needed.
  Position may require the operation of City vehicles and/or personal vehicles in order to
 conduct City business.


 Page 62 of 76
Recreation Manager, Leddy Arena & Sports
Page 3 of 4

Non-Essential Job Functions:
  Performs other duties as required.

Qualifications/Basic Job Requirements:
   Bachelor’s degree in Recreation, Business Administration, Public Administration or
 related field with 5 years of progressive supervisory experience. Additional experience
 may be substituted for a degree requirement on a two-for-one year basis.
   Two years’ experience in supervision/administration of Recreational Services required
   Must be able to obtain and maintain a CPRP, certification from state and national
 professional associations.
   Knowledge of the principles and practices of recreational program administration
 required.
   Knowledge of and experience in recreation facility operations is required.
   Knowledge of and experience in managing budgets and budget projection is
 required, with familiarity in operation of software and technology that supports
 facility operations.
   Ability to obtain a valid driver’s license within 45 days of hire and the continued
 maintenance of a valid driver’s license. Operation of a City vehicle or personal vehicle to
 conduct City business without providing proof of a valid driver's license to Human
 Resources will not be permitted. A valid driver’s license shall be defined as a current
 state of residence-issued license to operate a motor vehicle on public roadways. Position
 also requires the ability to be covered under the City’s vehicle insurance policy prior to
 operation of any City vehicles or non-City vehicles for City business
   Knowledge of public recreation programming philosophy.
   Knowledge of and experience in customer service is required.
   Ability to recruit, train and supervise professional and seasonal staff.
   Ability to communicate effectively, both orally and in writing, with staff members and
 the public.
   Ability to work with groups and coordinate multiple activities simultaneously.
   Ability to interact with parents and school officials in a professional and courteous
 manner.
   Ability to establish/maintain effective working relationships with City staff and the general
 public.
   Ability to enforce disciplinary measure in a constructive manner.
   Ability to attend training and conference after normal working hours.
   Ability to work evenings, weekends and holidays.
   Ability to be on-call at all hours.
   Ability to work in and around cold indoor temperatures.
   Ability to operate in an entrepreneurial fashion in order to generate required revenues.
   Ability to operate in a Windows based operating environment using word-
 processing, spreadsheets, database, publishing, and presentation software.
   Ability to actively support City diversity, equity, and cultural competency efforts within
 stated job responsibilities and work effectively across diverse cultures and constituencies.
   Demonstrated commitment to diversity, equity and inclusion as evidenced by ongoing
 trainings and professional development.


 Page 63 of 76
Recreation Manager, Leddy Arena & Sports
Page 4 of 4
  Regular attendance is necessary and is essential to meeting the expectations of the job
 functions.
  Ability to understand and comply with City standards, safety rules and personnel policies.

Physical & Mental/Reasoning Requirements; Work Environment:
These are the physical and mental/reasoning requirements of the position as it is typically
performed. Inability to meet one or more of these physical or mental/reasoning requirements
will not automatically disqualify a candidate or employee from the position. Upon request for a
reasonable accommodation, the City may be able to adjust or excuse one or more of these
requirements, depending on the requirement, the essential function to which it relates, and the
proposed accommodation.
_x_ seeing _x_ ability to move distances __ lifting (specify)
_x_ color perception within and between __ pounds
 (red, green, amber) warehouses/offices __ carrying (specify)
_x_ hearing/listening _x_ climbing __ pounds
_x_ clear speech __ ability to mount and _x_ driving (local/over
_x_ touching dismount forklift/truck the road)
 _x_ dexterity __ pushing/pulling
 _x_ hand
 _x_ finger
__ reading - basic _x_ math skills - basic _x_ analysis/comprehension
_x_ reading - complex __ math skills - complex _x_ judgment/decision
_x_ writing - basic _x_ clerical making
__ writing - complex
_x_ shift work _x_ outside __ pressurized equipment
_x_ works alone _x_ extreme heat _x_ moving objects
_x_ works with others _x_ extreme cold _x_ high places
_x_ verbal contact w/others _x_ noise _x_ fumes/odors
_x_ face-to-face contact _x_ mechanical equipment __ hazardous materials
_x_ inside __ electrical equipment _x_ dirt/dust

Supervision:
Directly Supervises: 3 Full-time staff , 75 Seasonal staff, Indirectly Supervises: 25 Volunteers

Disclaimer:
The above statements are intended to describe the general nature and level of work being
performed by employees to this classification. They are not intended to be construed as an
exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified.

Approvals:

 Department Head: _____________________________ Date: __________

 Human Resources: _____________________________ Date: __________


Created March 2026


 Page 64 of 76
Page 65 of 76
 Board of Finance and City Council Submission Checklist
 Version: April 2025

 Department: Parks, Recreation & Waterfront Submitter: Phil Lewis

 Title/Subject: Position and Job Description Creation

 Approval Requested: Meeting Date:
 ☐ Board of Finance Click or tap to enter a date.
 ☐ City Council Click or tap to enter a date.
 ☒ Both BOF and Council 3/23/2026

Instructions
 1. This form must be completed by the person submitting the materials.
 2. This form must be sent with the final submission of materials in advance of the meeting.
 3. Do not indicate that a sign-off was received until it has actually been obtained.
 4. Commission reports and presentations do not need to be reviewed by the CAO or Attorneys.
 5. Name the reviewing Attorney or HR Manager in the Note column.


 Signoff Needed Received? Approval Date Note
 Department Head Yes 3/17/2026 P. Lewis

 Mayor’s Office Yes 3/17/2026 K. Alnasrawi
 Board/Commission N/A
 City Attorney’s Office for memo and Yes 3/18/2026 H. McClenahan
 contracts or legal documents
 City Attorney’s Office for memo and Yes 3/18/2026 H. McClenahan
 motion(s) or resolution(s)
 CAO for budget, financing, and memo Yes 3/17/2026 K. Schad
 Human Resources, if personnel action Yes 3/18/2026 O. Glozheni
 or policy
 CIO, if IT-related N/A




 Page 66 of 76
 Board of Finance and City Council Submission Checklist
 Department: CEDO Submitter: Rachel Jolly

 Title/Subject: Creation of new CJC position

 Approval: Meeting Date:
 ☒ Board of Finance 3/23/2026
 X
 ☐ City Council 4/13/2026
 ☐ Concurrent Click or tap to enter a date.

This form must be completed by the person submitting the materials, and sent with the final submission. Please do
not indicate that a signoff was received until it has actually been obtained.

Signoffs Received

 Date
 Signoff Needed Received Note
 Received
 Department Head Yes 3/19/2026 Will Clavelle

 Mayor’s Office informed and approved memo Yes 3/19/2026 Kara Alnasrawi
 Board/Commission, if required N/A Click or tap Click or tap here to
 to enter a enter text.
 date.
 City Attorney’s Office has approved contract N/A
 and/or legal documents,
 -Identify attorney in note
 City Attorney’s Office has approved memo and Yes 3/18/2026 Emmett Wood
 motion(s) or resolution(s)
 -Identify attorney in note
 CAO has reviewed budget, financing, and Yes 3/18/2026 Katherine Schad
 memo
 Human Resources, if personnel action Yes 3/18/2026 Orieta Glozheni
 -Identify HR Manager in note
 CIO, if an IT-related investment/purchase Choose an Click or tap Click or tap here to
 item. to enter a enter text.
 date.


Materials Included

 Included? Note
 Final Memo Attached? Yes Click or tap here to enter text.
 Contract Attached, if applicable? N/A Click or tap here to enter text.
 Additional Materials, if necessary Yes Job Description
 Draft Resolution or Motion? Yes Click or tap here to enter text.
 If for submission to Council, are N/A Click or tap here to enter text.
 sponsors identified?




 Page 67 of 76
 In




To: Board of Finance
 City Council
From: Will Clavelle, Interim Director of CEDO
 Rachel Jolly, CJC Director
 Lynn Reagan, Director of Human Resources
 Orieta Glozheni, Human Resources Manager
Date: March 23, 2026
RE: Creation of two new CEDO positions within the CJC


Executive Summary
We propose creating two new identical CEDO positions within the Community Justice Center
(CJC):
  Restorative Services Coordinator, Regular Service, Full-time, Union, Grade 16, position.

Background:
With the passage of Act 180 last year, the VT Attorney General’s Office (AGO), has taken over
funding and managing Pre-Charge Diversion referrals (that come directly from police). This
used to fall within the DOC’s contract to four separate CJCs in the county, including Burlington.
The AGO agreed to contract with the three other CJCs in Chittenden County for FY26, to allow
a transition period of planning, with the expectation that as of July 1st, 2026, the Burlington
CJC’s existing Diversion contract would expand to cover Pre-Charge Diversion for the entire
county.

With this anticipated expansion, and an expected increase of roughly 300 Pre-Charge
referrals/year, the AGO amended our FY26 contract to allow for early hiring that predates the
July 1st start-date to ensure the smoothest transition possible. Though we have not yet received
our FY27 contracts from the AGO, they have given us written assurance that that will be coming
and will cover these new positions.

Financial Impact:
A Grade 16, ACFSME position Steps 1 to 15: $30.4812/hour or $63,400 annually; $36.3021/hour
or $75,508 annually.

These positions, salary and benefits, will be 100% covered by AGO funding.




 Page 68 of 76
Motions
Board of Finance Motion:
To approve and recommend that the City Council approve the creation of two Reentry
Coordinator positions within CEDO, a Regular Service, Full-time, Union, Grade 16, position.


City Council Motion:
To approve the creation of two Reentry Coordinator positions within CEDO, a Regular Service,
Full-time, Union, Grade 16, position.




 Page 69 of 76
Restorative Services Coordinator
March 2026


 City of Burlington
 Job Description
Position Title: Restorative Services Coordinator
Department: CEDO – Community Justice Center (CJC)

Reports to: Justice Programs Manager, Diversion & Pretrial Services
Pay Grade: 16 Job Code:

Exempt/Non-Exempt: Non-Exempt Union: Yes

General Purpose:
This position serves on a team of those responsible for the coordination and delivery of the
CJC’s adult Restorative Justice services, from pre-charge through reparative processes, and
works with responsible and impacted parties. Fiscal year 27 on requires flexibility to work at
satellite offices within the county.

Working with both responsible and impacted parties, this role centers accountability,
meaningful support, equity, and community impact. The Coordinator prepares participants for
dialogue processes, facilitates restorative conferences, develops and monitors agreements, and
ensures that all parties are treated with dignity and respect.

This position requires skillful relationship-building, trauma-informed practice, and the ability to
hold accountability and compassion simultaneously. The position works collaboratively with
community partners, justice system stakeholders, and internal staff to promote equitable access
to restorative processes and to strengthen community-based responses to harm.


Restorative Process Scheduling and Coordination
  Work with the Youth and Adult Restorative team to conduct intakes, assess needs,
 schedule and implement restorative processes with responsible and affected parties in
 partnership with contracted Cultural Advocates and volunteers, when appropriate.
  Provide staff support to the restorative justice processes including but not limited to:
 scheduling, organizing and attending meetings, supporting the participation of
 volunteers and following through on data and policy needs presented by the cases.
  Develop and maintain working relationships with relevant stakeholders including
 those in criminal-legal system (Chittenden County law enforcement agencies State’s
 Attorney, VT Dept. of Corrections, VT Center for Crime Victim Services) and
 community-based providers (Howard Center, Safe Harbor, Steps to End Domestic
 Violence, HOPE Works, Pride Center, USCRI VT, AALV, etc.).
  Support affected parties of crime by helping them navigate the criminal-legal system,
 advocating for services when they experience barriers, and connecting them to
 processes, goods and services that will enhance their safety and lessen the impacts of
 their crime.




 Page 70 of 76
Restorative Services Coordinator
March 2026

  Work to create conditions of accountability-taking for responsible parties at all stages
 of the restorative processes
  Provide trauma-informed, culturally literate responses to the range of experiences
 participants impacted by and responsible for harm have lived
  Work in coordination with CJC and police department-based Victim Services
 Specialists to integrate restorative processes, when needed or appropriate.
  Stay current in practical knowledge of the theories, practices and methodologies in
 the fields of restorative and transformative justice, trauma-informed care, levelling
 power dynamics and other issues related to equity, justice and inclusion.

 Harmed Party Services:
  Provide trauma-informed and culturally sensitive outreach to victims of crime when
 their cases have been referred to restorative justice
  Provide and build meaningful opportunities for victims to engage in restorative
 processes
  Participate in regular Victim Services team meetings to coordinate with colleagues,
 build meaningful program development, and engage in relevant professional
 development

 Administrative and Data Related
  Document and track all required participant data in combination of SharePoint and
 Law Manager software platforms
  Distribute evaluative surveys to participants consistently and reliably
 Miscellaneous/Other
  Educate area service providers on the restorative justice program principals and build a
 network of community support
  Act as “Ambassador” for the City, carry out work and interact with co-workers and the
 public in respectful profession manner.
  Contribute toward making the BCJC an inclusive, welcoming, culturally sensitive
 organization through serving on at least one internal committee, and through active
 self-reflection/awareness regarding one’s own identities and toward promoting
 equity, sensitivity and humility in our work with staff, volunteers and participants

 Non-Essential Job Functions:
  Performs other duties as required.

 Qualifications/Basic Job Requirements:
   Bachelor’s degree and two years of experience, or six years of program coordination
 experience with focus on restorative justice, victim advocacy, community development
 or related field required.
   Demonstrated commitment to and interest in advancing social and/or racial justice
 initiatives
   Demonstrated knowledge and familiarity of restorative practices.
   Ability to understand the criminal legal system and demonstrated knowledge and
 familiarity with crime/victim issues.




 Page 71 of 76
Restorative Services Coordinator
March 2026

  Demonstrated strong organizational, coordination, and group leadership skills.
  Ability to work effectively with a wide range of individuals and groups, including strong
 formal and informal negotiation skills.
  Demonstrated ability in public speaking, interviewing, meeting facilitation, and training
 skills.
  Computer literacy necessary. Knowledge of Microsoft Office Suite preferred.
  Ability to develop strong relationships with diverse groups of people, who may have
 conflicting interests and opinions.
  Some evening availability required.
  Access to reliable and timely transportation required.
  Ability to work in a team environment, while also working independently necessary.
  Ability to create and maintain an environment that embraces the operating principles of
 Restorative Justice.
  Communicates skillfully on the phone, in person, and in writing, and varies language and
 communication style to meet the needs of the recipient.
  Remains calm in the presence of strong emotions from others while creating an atmosphere for
 problem solving
  Is discreet and maintains confidentiality regarding people and situations


Directly Supervises: 0

Indirectly Supervises: 3-4 volunteers at any given time

Disclaimer:
The above statements are intended to describe the general nature and level of work being
performed by employees to this classification. They are not intended to be construed as an
exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified.

Approvals:
 Department Head: Date:


 Human Resources: Date:




 Page 72 of 76
MEMORANDUM

TO: Board of Finance

FROM: Ashley Walenty, PE DPW Water Resources Engineer
 Megan Moir, Division Director Water Resources

CC: Chapin Spencer, DPW Director

DATE: March 23, 2026

RE: Award of College Street Outfall and Stormwater Separation Feasibility
 Study Contract

REQUEST
The Department of Public Works (“DPW”) and its Water Resources Division seeks
authorization to execute a contract with Hoyle, Tanner (“HT”) for $410,546 for the College
Street Outfall and Stormwater Separation Feasibility Study project and to designate the
Director of Public Works and appropriate City staff to execute associated documents.

INTRODUCTION AND BACKGROUND:

The Department of Public Works (DPW) and its Water Resources Division (WRD) is
committed to continued evaluation of our combined sewer and stormwater collection
system. In an effort to preserve wet weather treatment capacity at the wastewater
treatment facilities (WWTF’s) and to improve capacity within the collection system to
handle the wastewater flows for both the present day conditions and future development
conditions, WRD continues to look for meaningful wet-weather mitigation projects,
including sewer separation where feasible. Wastewater collection system capacity is a
large factor in the City’s ability to develop more land and provide more housing
developments throughout the City. One area that has the most combined sewer network
is the downtown district. Identifying projects that could reduce stormwater from entering
into the combined sewer network will improve capacity for wastewater flows, is a key
component in allow for future growth both within the downtown as well as upstream areas.
Additionally, an existing stormwater outfall discharges stormwater very close to shore into
Lake Champlain at the bottom of College Street adjacent to the boating docks. DPW and
Parks and Recreation have had to execute multiple contracts to dredge sediment from
the lake at this discharge location. The study will:
 • Evaluate opportunites for storm/sewer separation projects;
 • Evaluate water quality improvements at the existing College Street outfall;
 • Evaluate College Street outfall improvements, including the feasibility of extension
 further into the lake to minimize near shore sediment deposition impacts from
 stormwater sediment;

 1 of 3


 Page 73 of 76
 • Coordinate with other proposed projects in the vicinity for separation opportunities,
 i.e. CDS Cherry Street, Main Street Great Streets lower section, etc.

The proposed study projects may include, but are not limited to, modifications or
extensions of the College Street stormwater outfall to reduce the impacts of the outfall on
the shoreline, connection of a separate stormwater trunk main for the lower two blocks of
Main Street, stormwater separation within Cherry Street and Battery Street corridors and
collection of runoff from other possible combined watersheds to
separate stormwater systems. At the 60% study and report phase WRD will evaluate the
project alternatives and feasibility of each proposed project to determine the ability to
continue into the final deliverable phase.

The final deliverable for this phase of work will include a complete feasibility study
(Preliminary Engineering Report) with cost, model results, and a summary of the
alternatives evaluated. WRD will work with HT to identify a preferred alternative that can
be advanced into design.


PROCUREMENT AND CONTRACTING:
The City posted a Request for Qualifications (RFQ) to procure an engineering firm to
provide professional services to perform a feasibility study for the College Street Outfall
and Stormater Separation Feasibility on July 16, 2025 with Statement of Qualifications
due August 11, 2025. The City notified various known known consultants in the area to
notify them of the RFQ. Two bids were received, Hoyle, Tanner and Vanasse Hangen
Brustlin, Inc. (VHB).

The City reviewed and scored both statements of qualifications and selected HT to work
with to develop a scope of work and level of effort. Following multiple rounds of meetings
between the City and HTA a completed scope of work and level of effort was accepted
by the City. It is the staff recommendation to execute a consultant contract with HT to
perform this work for a total contract authorization of $410,546.

PROJECT COST SUMMARY:

Water quality and rate affordability guide every decision we make. Therefore, we are
advancing the contract for the College Street Outfall and Stormwater Separation
Feasibility Study work through multiple funding sources. The initial phase, up to 60% of
the study phase, of the contract will be funded from the American Rescue Plan Act
(“ARPA”), while the remaining phases planned to be funded through a Vermont State
Revolving Fund (“SRF”) loan, for which the City will return to BOF/CC for approval to
execute a Step I loan with the SRF program. The City was awarded an ARPA grant in
2023 for a total of $3.294M to be used towards combined sewer related projects and must
be spent by September 2026. The grant does not require a local match and utilizing these
funds to help pay for a portion of this feasibility study is the most cost effective way to
complete this study phase of the project. The City is currently evaluating the best use of
the remaining funds within the context of the project completion timing constraints.

 2



 Page 74 of 76
The following summary table outlines the funding sources that comprise the total
contract value for which we are seeking approval:

 College Street Outfall and Stormwater Separation Feasibility Study Contract
 Project

 Funding Source Costs by Source Total Contract
 including
 Contingency
 ARPA – Until Sept 2026 Any cost incurred
 on the project
 before 9/30/2026
 Estimate
 expenditure of at $410,546
 least $200,000
 CWSRF or Storwmater (Fund Any cost
 245) funds depending on the remaining after
 amount remaining 9/30/2026

It is currently anticipated that the project can reach 60% completion and expend at least
$200,000, if not more, of the contract amount. Depending on the amount of work
remaining, WRD will either fund the remaining amount through Stormwater fund 245
capital funding or will return to Board of Finance and City Council to request approval to
apply for a CWSRF planning loan for the remainder of the contract. CWSRF funding
has always been available in ample supply; the stormwater fund (245) additionally has
sufficient fund balance to consider using cash on hand to fund the remainder of the
project if there are any issues with the CWSRF option or if the administrative burden is
not warranted due to the remaining amount.

MOTIONS:
The Department of Public Works’ Water Resources Division respectfully requests that the
Board of Finance approve the following motions:

Board of Finance Actions:

 1. “To approve and authorize the Director of Public Works, Chapin Spencer, to
 execute a contract with Hoyle, Tanner for total contract amount of $410,546 for the
 College Street Outfall and Stormwater Separation Feasibility Study project, subject
 to the review by the City Attorney.”
 2. To approve and authorize the Chief Administrative Officer, or their designee, to
 effect all necessary budget amendments in substantial conformance with this
 request.

Thank you for your consideration of this request.



 3



 Page 75 of 76
 Board of Finance and City Council Submission Checklist
 Department: DPW-Water Resources Submitter: Ashley Walenty

 Title/Subject: College Street Outfall & Stormwater Separation Feasibility Study

 Approval: Meeting Date:
 ☒ Board of Finance 3/23/2026
 ☐ City Council Click or tap to enter a date.
 ☐ Concurrent Click or tap to enter a date.

This form must be completed by the person submitting the materials, and sent with the final submission. Please do
not indicate that a signoff was received until it has actually been obtained.

Signoffs Received

 Date
 Signoff Needed Received Note
 Received
 Department Head Yes 3/13/2026 Chapin Spencer

 Mayor’s Office informed and approved memo Yes 3/18/2026 Kara Alnasrawi
 Board/Commission, if required
 City Attorney’s Office has approved contract N/A
 and/or legal documents,
 -Identify attorney in note
 City Attorney’s Office has approved memo and Yes 3/17/2026 Erik Ramakrishnan
 motion(s) or resolution(s)
 -Identify attorney in note
 CAO has reviewed budget, financing, and Yes 3/18/2026 Katherine Schad
 memo
 Human Resources, if personnel action N/A Click or tap
 -Identify HR Manager in note to enter a
 date.
 CIO, if an IT-related investment/purchase N/A Click or tap Click or tap here to
 to enter a enter text.
 date.


Materials Included

 Included? Note
 Final Memo Attached? Yes Click or tap here to enter text.
 Contract Attached, if applicable? No
 Additional Materials, if necessary No Click or tap here to enter text.
 Draft Resolution or Motion? Yes
 If for submission to Council, are N/A
 sponsors identified?




 Page 76 of 76

BURLINGTON BOARD OF FINANCE
 BUSHOR CONFERENCE ROOM, 149 CHURCH STREET, 1ST FLOOR
 MINUTES OF MEETING
 March 23, 2026




1. Agenda
1. Agenda
Mayor Mulvaney-Stanak convened the meeting at 4:33 pm.
Members present: Councilors Barlow, Carpenter, City Council President Traverse and Mayor Mulvaney-Stanak
(all in person); CAO Schad


Subject 1.1. Motion to adopt agenda
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 1. Agenda

Department Council and Board


Type Action
 Procedural


Recommended Action Motion to adopt agenda
1.1. Motion to adopt agenda
Motion made by Councilor Barlow, seconded by Councilor Carpenter, to adopt the agenda as
presented. Motion passed unanimously.


2. Public Forum
2. Public Forum

Subject 2.1. Verbal Comments
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 2. Public Forum

Department Council and Board


Type Action
 Procedural
Recommended Action open Public Forum
 close Public Forum
2.1. Verbal Comments
Sharon Bushor: 1) College Street ARPA money left?; 2) TOF consent items - how is TIF tracking? generating
money to repay?


3. Consent Agenda
3. Consent Agenda

Subject 3.1. Motion to adopt the consent agenda and take the actions indicated
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 3. Consent Agenda

Department Council and Board


Type Action (Consent)
 Procedural


Recommended Action Motion to adopt the consent agenda and take the actions indicated
3.1. Motion to adopt the consent agenda and take the actions indicated
Motion made by City Council President Traverse, seconded by Councilor Carpenter, to adopt the consent
agenda and take the actions indicated. Motion passed unanimously.


Subject 3.2. March 9, 2026 Board of Finance Meeting Minutes - DFA
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 3. Consent Agenda

Department Department of Finance and Administration


Type Information
 Minutes
 Action (Consent)


Recommended Action approve the minutes
3.2. March 9, 2026 Board of Finance Meeting Minutes - DFA


Subject 3.3. FY25 City of Burlington TIF District Reports to the Vermont Economic
 Progress Council (VEPC)
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 3. Consent Agenda

Department Community & Economic Development Office (CEDO)
Type Action (Consent)
 Information
 Report


Recommended Action to accept the staff report
3.3. FY25 City of Burlington TIF District Reports to the Vermont Economic Progress Council (VEPC)


4. FY27 General Fund Budget Presentation
4. FY27 General Fund Budget Presentation

Subject 4.1. FY27 General Fund Budget Presentation - Mayor/DFA
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor
Category 4. FY27 General Fund Budget Presentation
Department Mayor's Office


Type Discussion
 Information
 Presentation


4.1. FY27 General Fund Budget Presentation - Mayor/DFA


5. Deliberative Agenda
5. Deliberative Agenda

Subject 5.1. Advanced Life Support Intercepts - Fire
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 5. Deliberative Agenda

Department Fire Department


Type Action


Recommended Action to approve and recommend that the City Council authorize for the Burlington Fire
 Department (BFD) to bill transporting EMS agencies for Advanced Life Support
 (ALS) intercept services provided at the approved EMS District 3 contract rate for
 such services, and to authorize the Chief Engineer to execute reimbursement
 agreements with agencies requesting such services, subject to review and approval
 as to form by the City Attorney’s office
5.1. Advanced Life Support Intercepts - Fire
Motion made by Councilor Carpenter, seconded by Councilor Barlow, to approve the motion as
presented. Motion passed unanimously.


Subject 5.2. Request for Creation of Position and Job Description Department of
 Parks, Recreation & Waterfront - BPRW
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 5. Deliberative Agenda

Department Parks, Recreation, & Waterfront


Type Action


Recommended Action 1. To approve and recommend that the City Council approve creation of one (1)
 Recreation Manager: Leddy Arena and Sports, a regular, full-time, non-union,
 exempt, grade 20 position in the Department of Parks, Recreation, and Waterfront.
 2. To approve and recommend that the City Council authorize the Chief
 Administrative Officer or designee to make such amendments and transfers of
 funds to the FY26 Budget as may be necessary or convenient to effect the foregoing
 position creation, in substantial conformance with the information outlined in the
 above staff report, for a budget neutral fiscal year impact.
5.2. Request for Creation of Position and Job Description Department of Parks, Recreation & Waterfront -
BPRW
Motion made by City Council President Traverse, seconded by Councilor Barlow, to approve the motion as
presented. Motion passed unanimously.


Subject 5.3. Creation of two new CEDO positions within the CJC - CEDO/CJC
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 5. Deliberative Agenda

Department Community & Economic Development Office (CEDO)


Type Action


Recommended Action to approve and recommend that the City Council approve the creation of two
 Reentry Coordinator positions within CEDO, a Regular Service, Full-time, Union,
 Grade 16, position
5.3. Creation of two new CEDO positions within the CJC - CEDO/CJC
Motion made by Councilor Barlow, seconded by Councilor Carpenter, to approve the motion as
presented. Motion passed unanimously.


Subject 5.4. Award of College Street Outfall and Stormwater Separation Feasibility
 Study Contract - DPW - Water Resources
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 5. Deliberative Agenda

Department Public Works Department - Water Resources


Type Action
Recommended Action 1. To approve and authorize the Director of Public Works, Chapin Spencer, to
 execute a contract with Hoyle, Tanner for total contract amount of $410,546 for the
 College Street Outfall and Stormwater Separation Feasibility Study project, subject
 to the review by the City Attorney.
 2. To approve and authorize the Chief Administrative Officer, or their designee, to
 effect all necessary budget amendments in substantial conformance with this
 request.
5.4. Award of College Street Outfall and Stormwater Separation Feasibility Study Contract - DPW - Water
Resources
Motion made by Councilor Carpenter, seconded by Councilor Barlow, to approve the motion as
presented. Motion passed unanimously.


6. Adjournment
6. Adjournment

Subject 6.1. Motion to adjourn
Meeting March 23, 2026 - Board of Finance Meeting - Monday, March 23, 2026, 4:30 PM,
 Bushor Conference Room, 149 Church Street, 1st Floor


Category 6. Adjournment

Department Council and Board


Type Action
 Procedural


Recommended Action Motion to adjourn
6.1. Motion to adjourn
Mayor Mulvaney-Stanak adjourned the meeting at 5:40 pm.