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Task 2 - Funding Needs Assessment <br />City of Everett has already invested and leveraged funding in the fleet transition to zero emissions. Upfront funding <br />continues to be essential as initial vehicle costs remain higher for ZEVs, although lifecycle costs are key in supporting the <br />investment to date and future investments. Initial funding considerations are the cost of the vehicles, charging or fueling <br />infrastructure, facilities and infrastructure upgrades, onsite generation, and training needs. <br />The funding analysis will begin with a review of past funding leveraged by the City of Everett for ZEVs and an analysis of <br />current, programmed, and projected city funding that could be allocated to support the continuing fleet transition to zero <br />emissions. We will help Everett Transit continue to identify and strategically plan for the pursuit of state and federal grant <br />opportunities and other potential funding sources that could support vehicle or infrastructure costs in the ongoing ZEV <br />fleet transition. ITLC is an industry expert in identifying additional funding resources for workforce development and has <br />worked closely with FTA to identify ways in which agencies can spend the required 5% for workforce development in “Low- <br />No Program” grant funding and is well-positioned to provide insight on workforce-related transition and implementation <br />funding strategies. <br />Our team will incorporate the financial impacts from converting to a fully Battery Electric Vehicle (BEV) fleet to presenting a <br />complete total cost of ownership (TCO) analysis that compares the TCO of the current fleet to a fully electrified fleet. Our <br />comprehensive analysis will consider vehicle purchase price, fuel, maintenance, charger purchases and installation, and <br />demand charges. Based on the TCO and phased implementation plan, we will recommend the most capital cost-effective <br />approach to attain a BEV fleet. <br />20 <br />20 <br />TTASK 2 DELIVERABLES:ASK 2 DELIVERABLES: <br />••CURRENT & POCURRENT & POTENTIAL FTENTIAL FUNDINGUNDING <br />SUMMARSUMMARYY <br />••TTCCO ANALO ANALYYSISSIS <br />TTASK 1 DELIVERABLES:ASK 1 DELIVERABLES: <br />••FLEET INVENTFLEET INVENTORORY & ANALY & ANALYYSISSIS <br />••LLONG-TERM FLEETONG-TERM FLEET <br />MANAMANAGEMENT PLANGEMENT PLAN