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the project, it would reduce available reserves and limit flexibility to respond to future <br />priorities or unforeseen financial pressures. <br />Approach External Partners for Additional Funding <br />This option would involve engaging external partners to contribute funding toward the <br />project. By broadening participation, the financial burden of the project would continue <br />to be shared for an investment that delivers community -wide benefits and generates <br />economic activity for parties not currently involved. This approach preserves the full <br />project scope while potentially strengthening partnerships; however, it may require <br />additional time to secure commitments and could introduce uncertainty if external <br />funding cannot be finalized. <br />FISCAL IMPACTS: <br />ATTACHMENTS: <br />• None <br />Legal consultation? No <br />Finance consulted? Yes <br />Page 2 of 2 <br />Auditor "Study Session Staff Report", 1/26/2026 <br />