New Search
dollars, dividing that total by the 1991 population of Eugene, then multiplying by the average number of <br /> people per dwelling unit. <br /> The Systems Development Fund (SDF) is not allowed to increase levels of service above what existed on <br /> 7/1/91. And, for Eugene, the SDF is not structured to acquire metropolitan scale parks or develop major <br /> recreational facilities such as community centers and swimming pools that typically are funded by voter <br /> approved general obligation bonds. <br /> In calculating the increased needs to maintain the 1991 levels of service, the actual population increases <br /> (based on official estimates from LCOG) have been used through 1995, with the years to 2003 projected <br /> at the rate of the increase demonstrated since 1993 (1.1% per year, compounded annually, yielding <br /> 13.5% over the 12 years). <br /> In the table below, the 2003 targets in the first column are based on the projected 2003 population of <br /> 132,970 multiplied by the target standard listed in the Parks Plan. Since the planning trend is for <br /> increased densities, the 1.8 acres per 1000 of population for neighborhood parks as been used. The <br /> second column shows the actual level of service. The third column shows the maximum level of service <br /> that can be achieved by using SDF's alone (a 13.5% increase). The fourth column in bold shows the <br /> actual amounts eligible to be acquired and developed with SDF's. The last column shows the remaining <br /> gap between what can be achieved through the SDF and the targets listed in the Eugene Parks and <br /> Recreation Plan. <br /> 2003 Target 1991 L/S SD 2003 L/S SD Eligible Gap <br /> Neigh'd Acres Acquired 239.35 A. 155.00 A. 175.93 A. 20.93 A. 63.41A. <br /> Neigh'd Acres Developed 239.35 A. 56.75 A. 64.41 A. 7.66 A. 174.93 A. <br /> Comm'ty Acres Acquired 531.88 A. 213.76 A. 242.62 A. 28.86 A. 313.12 A. <br /> Comm'ty Acres Developed 265.94 A. 120.41 A. 136.67 A. 16.26 A. 129.27 A. <br /> To close the gap shown would require funds from sources other than SDF. Any levels of service that are <br /> increased through other funding sources would also increase the level of service that the SDF would be <br /> allowed to underwrite. <br /> SDC FUNDING - CURRENT REVENUE <br /> The current balance in the Capitol Budget for Parks System Development Fund is approximately <br /> $750,000. Due to the increase in Park SDC rates last year and a greater than anticipated level of <br /> residential construction, the revenue flow for the balance of FY -96 is such that an additional $700,000.00 <br /> is being presented for addition to the Capitol Budget for park acquisition and development in <br /> Supplemental Budget #2. <br /> SDC FUNDING - PROJECTED REVENUE <br /> A conservative figure of $400,000 a year is being used to plan for future park acquisition and <br /> development. This assumes a decline in the current level of residential construction for future years. <br /> The projected revenue balance by the end of FY -96 is expected to be approximately $1.45 million. Of <br /> that amount approximately $950,000 is budgeted for acquisition of sites noted later in this report. The <br /> Pay 5 New Park Sitec February 1996 <br />