Jan 2008 Results Summary - Laserfiche WebLink

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opportunities for joint elected officials to discuss potential intergovernmental road funding solutions, including a countywide vehicle registration fee and/or countywide gas tax, as well as legislative remedies and funding solutions at the statewide level. The expectation is that the 2009 Oregon Legislature will consider some form of increased transportation funding, and the Oregon Petroleum Association has committed to seek and endorse a significant increase to the state gas tax. A critical aspect of any funding solution collected at a countywide or statewide level would be a distribution formula that guarantees revenue, in perpetuity, to the cities, at a full replacement level if pre - emption of local fuel taxes is part of the deal. • Seek voter approval in November 2008 for a General Obligation (G.O.) bond levy to generate approximately $6.5 million per year (in current dollars) over a 10 -year period dedicated to pavement capital preservation projects, including approximately $350,000 per year for capital bike path preservation (estimated cost to average homeowner of $109 per year). o The council is scheduled to review a draft resolution for a 10 -year $81 million (adjusted for inflation) G.O. bond levy to fund pavement capital preservation projects on June 4, 2008. • Establish a street utility fee based on parking spaces to generate annual net revenue of approximately $6.5 million, with $150,000 per year dedicated to funding traffic calming measures (estimated cost to average household of $4.50 to $5 per month). • Institute a street and bike path lighting fee to generate sufficient funds to operate and maintain and provide for reasonable expansion of Eugene's street and bike /pedestrian path lighting system (estimated cost to average household of $1.50 per month). o The council will have an opportunity to consider both the street utility fee and the street and bike path lighting fee in conceptual terms at a work session later this calendar year. • Continue to pursue regional opportunities such as a countywide vehicle registration fee and/or gas tax, as well as legislative remedies and funding solutions at the statewide level. o Staff continues to look for and support opportunities for joint officials to discuss potential transportation funding solutions at a regional or statewide level. • Projected Road Fund annual operating deficits are eliminated and a two -month operating reserve is maintained throughout the six -year forecast period (annual projected funding need of $2 million). • Adequate annual funding is made available for operations and maintenance of the on- street and off - street bike and pedestrian pathways (total estimated annual funding need of $350,000). • The annual pavement preservation overlay program is fully funded each year to avoid more streets falling into the more expensive reconstruction project category (total estimated annual funding need of $7.5 million to $9.5 million).