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forecast based on 0.6%sales tax collections and the necessity of maintaining an appropriate fund <br /> balance.This also means updating the status quo alternative through the introduction of Link. <br /> 1) Capital <br /> a) Funding alternatives—What grant funding alternatives and opportunities are realistic and <br /> what might be the magnitude and timing of those? <br /> b) Revisit needs and capacity of a re-constructed, annex, or new Maintenance and Operations <br /> Base <br /> c) Administrative space needs <br /> d) Fleet replacement and expansion including updated assessment of electric bus options <br /> e) Financial participation in Swift Blue line and potential Red line <br /> 2) Operating <br /> a) Staffing assumptions for operators,supervisors, mechanics, support staff <br /> b) Hours, miles, and fleet estimates for each five year period <br /> c) Energy costs—assuming full or partial transition to 100%electric <br /> d) Operating cost participation in Swift lines and paratransit "Green Zone" <br /> e) Network changes to adapt to Link extension into Snohomish County and Stride (Sound <br /> Transit's freeway-based BRT) implementation on SR-522 and 1-405 <br /> f) ADA Paratransit operating plan <br /> Deliverables:Service Network Definition for each five-year period to include the descriptive metrics list <br /> in the task objectives. <br /> Operating and Capital cost updated estimates for each five-year period. <br /> Task 3.4—Financial Model <br /> Overall,there is a need to ensure each of the alternatives is constructed on a financial model that <br /> includes the ability to maintain common assumptions and to vary and note assumptions as different, as <br /> appropriate.The purpose is somewhat similar to the common set of metrics, but this is pointed toward <br /> a more singular metric of financial sustainability. A common element will be revenue projections <br /> annually through 2040, based on most current projections, and occurrences within the City of Everett. <br /> The financial model will allow assessment of financial sustainability specifically for the City of Everett <br /> with varying levels of risk in terms of expenditure and varying revenue forecasts.To be very clear,this <br /> will not result in a long-term financial plan for Everett Transit or Community Transit. The purpose is to <br /> structure a model in such as way as to ensure equal treatment of each alternative from the financial <br /> perspective of the City of Everett and to spotlight important differences and considerations. It is <br /> important to understand that the Unified Option will not have a directly comparable financial model. <br /> This is because Everett would become part of Community Transit's financial framework. The ability to <br /> specifically isolate and make comparable to a financial model for the City of Everett is difficult, at best, <br /> and filled with assumptions and compromises, at worst. The measures of consideration for the City of <br /> Page 11 of 14 <br />