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Open Space, Parks and Streams <br /> 1995 Ballot Measure 26-26 <br /> M E T R O Fact Sheet 1: Overview and Background <br /> What is Ballot Ballot Measure 26 -26 is a general obligation bond measure for $135.6 million to buy <br /> Measure 26 - 26? lands for regional parks, open spaces and trails. It also provides money for local open <br /> space purchases and public access improvements. <br /> The bond measure will appear on a special election mail -in ballot May 16, 199.5. <br /> The measure's primary goal is to purchase natural areas, trails and greenways to be <br /> held in public trust for future use as parks, trails, and fish and wildlife habitat. <br /> What types The bond measure consists of three major elements: (1) regional park target areas, <br /> of areas would (2) regional trails and greenways and (3) local government open space and parks <br /> be purchased? projects. <br /> Regional park target areas in the bond measure consist of about 6,000 acres located <br /> in 14 specific areas throughout the tri -county region. About $76 million, or 56 <br /> percent, of the bond measure would be spent on this component. (See page 2 for a <br /> complete list of regional target areas.) <br /> Regional trails and greenways consist of five specific projects throughout the region <br /> that will link new or existing publicly owned parks and natural areas. About $16 <br /> million, or 12 percent, of the bond measure would be spent on this component. (See <br /> page 3 for a complete list of regional trails and greenway areas.) <br /> The local government open space and parks projects consist of 90 specific projects <br /> that have been identified by local governments. About $25 million, or 18 percent, of <br /> the bond measure would be used to purchase and make capital improvements on <br /> lands for local parks, open spaces and trails within Clackamas, Multnomah and <br /> Washington counties. The purchases and improvements would be made by cities, <br /> counties and special district park providers. (See pages 3, 6 and 7 for a complete list <br /> of specific greenspace projects selected by local governments.) <br /> The remaining $18.1 million, or 14 percent, is allocated for land purchase expenses, <br /> bond issuance costs, administrative expenses and contingency. <br /> Metro Regional Parks and Greeizspaces <br /> Metro Regional Center <br /> 600 NE Grand Ave. <br /> Portland, OR 97237 -2736 <br /> (503) 797 -1850 <br />