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Recommended Approach <br />Target rate of 12% with phased implementation: <br />•Phase 1 (July 1, 2027): 8% → 10% | +$1.4M Annually <br />•Phase 2 (July 1, 2028): 10% → 12% | +2.8M Annually (cumulative) <br />Why this approach: <br />•Single ballot measure, single voter approval <br />•Addresses operator preference for gradual implementation <br />•Achieves full revenue potential without returning to voters <br />•Estimated election cost: $242,040 - $338,856 <br />Next Steps <br />If Council provides direction to proceed: <br />•Develop draft ballot language for Council review <br />•Continue coordination with regional partners <br />•Develop community education materials <br />•Return to Council for final approval by June 2026 <br />Page 71 of 80